EIN 83-0506416

The Center for New York City Neighborhoods

IRS 501(c) type
501(c)(3)
Num. employees
117
Year formed
2007
Most recent tax filings
2022-12-01
Description
The Center for The New York City Neighborhoods promotes and protects affordable homeownership in New York to build strong, thriving communities. They operate foreclosure prevention and network programs by assisting homeowners, providing thought leadership and analysis for systems change, and coordinating a network of housing counseling and legal services providers. Additionally, they provide case management and temporary housing services specifically dedicated to Hurricane Sandy impacted homeowners for flood resiliency.
Total revenues
$299,132,353
2022
Total expenses
$296,619,553
2022
Total assets
$138,538,594
2022
Num. employees
117
2022

Program areas at The Center for New York City Neighborhoods

Homeowner assistance fund: The Center's wholly-owned cdfi subsidiary, sustainable Neighborhoods llc, is The implementing partner for The New York state homeowner assistance fund (nys haf). Nys haf is a federally-funded program dedicated to assisting homeowners who are at risk of default, foreclosure, or displacement because of a financial hardship caused by The covid-19 pandemic. Nys haf will provide homeowners who are affected by covid-19 with several types of support: financial support to address delinquent housing payments that result in an affordable outcome; access to a call Center and case managers; and referrals to professional housing counselors or legal service providers. Ultimately, nys haf aims to help homeowners hurt financially by The pandemic stay in their homes.
Lending & capital: The Center's wholly-owned cdfi subsidiary, sustainable Neighborhoods llc, conducts direct lending and provides financial assistance to lmi families and historically socially disadvantaged communities, demonstrating models for mortgage origination and servicing at scale for homeowners. By offering reasonably priced mortgage loans, responsible servicing, and effective mortgage counseling, and/or integrating outside qualified nonprofit counseling organizations to support all applicants, The Center enables asset-building and sustainable wealth for homeowners who are not served by traditional capital or banking outlets. Products offered in 2022 include The equitable reverse mortgage assistance (erma) program and The distressed mortgage refinance program (dmrp), along with servicing for loans made through The mortgage assistance program (map). Additionally, sn was selected to administer The nys hcr homeowner assistance fund, through which we are delivering a half billion dollars in pandemic relief to thousands of nys homeowners.
Homeowner services: The Center develops and implements programs that meet critical homeowner needs, including foreclosure prevention advice and assistance, storm recovery assistance, resiliency counseling, help with repairs, advice on energy efficiency, and more. The Center also coordinates and funds a network of nonprofit community-based housing counseling and legal service providers that act as a safety net for families across ny state. When needed, The Center also provides direct counseling to homeowners to fill service gaps. Programs and services offered in 2022 included foreclosure prevention, homeowner protection program (hopp) and The homeowner help desk.
Systems change: The Center employs a continuous cycle of research, advocacy, thought leadership, pilot programs, and technical assistance to make The case for governmental changes, programs, and investments that stabilize homeowners and expand affordable homeownership. Our research is driven by data and by experience on The ground with homeowners, and analyzes past and current trends to shed light on bad practices and make recommendations on best practices and policies. These efforts are aimed at both sustaining The Center and our vision, programs, and interventions, and at building The capacity, strength, and organization of The field. 2022 programs and initiatives included The black homeownership project (bhp), scam prevention campaigns, The floodhelpny digital platform, and a variety of other initiatives aimed at raising awareness of and securing resources for homeowner issues across nyc and nys.

Grants made by The Center for New York City Neighborhoods

GranteeGrant descriptionAmount
Legal Services for New York City (LSNYC)Housing & Legal Counseling$255,000
Neighborhood Housing Services of East FlatbushHousing & Legal Counseling$120,000
Margert Community CorporationHousing & Legal Counseling$100,000
...and 32 more grants made totalling $1,679,157

Who funds The Center for New York City Neighborhoods

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$1,917,975
The Blackbaud Giving FundGeneral Support$103,000
Altman FoundationTo Help New Yorks Low- To Moderate-Income Homeowners Recover Financially From the Pandemic Through Service Delivery and Systems Change Efforts$100,000
...and 3 more grants received

Personnel at The Center for New York City Neighborhoods

NameTitleCompensation
Natasha N PallanChief Financial Officer$160,250
Lusheena WarnerChief of Staff$126,300
Pamela Bailey SahChief Program Officer$132,998
Jessica Wells-HasanVice President of Development and External Affairs / Vice President of Development / Vice President , Devlopment and External Affairs$164,583
Joseph C SantGeneral Counsel and Vice President / Deputy General Counsel / Director of Homeowner Services / Director Homeowner Serv / Director Build It Back$127,500
...and 9 more key personnel

Financials for The Center for New York City Neighborhoods

RevenuesFYE 12/2022
Total grants, contributions, etc.$298,283,063
Program services$0
Investment income and dividends$59,403
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$789,887
Total revenues$299,132,353

Form 990s for The Center for New York City Neighborhoods

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-02-08990View PDF
...and 10 more Form 990s

Organizations like The Center for New York City Neighborhoods

OrganizationLocationRevenue
Metro Housing Boston (MBHP)Boston, MA$464,356,613
Philadelphia Housing Development Corporation (PHDC)Philadelphia, PA$247,066,079
ACTION HousingPittsburgh, PA$143,852,778
Baltimore Regional Housing PartnershipBaltimore, MD$88,684,545
North Carolina Partnership for ChildrenRaleigh, NC$112,773,901
Atlanta Community Food BankAtlanta, GA$194,337,596
Access ServicesEl Monte, CA$176,280,550
Blue Meridian PartnersNew York, NY$1,212,525,156
Centre for Effective Altruism USASan Francisco, CA$75,847,179
Sierra Club FoundationOakland, CA$87,746,859
Data update history
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 16, 2024
Updated personnel
Identified 3 new personnel
January 2, 2024
Used new vendors
Identified 3 new vendors, including , , and
December 31, 2023
Received grants
Identified 5 new grant, including a grant for $365,000 from Robin Hood Foundation / Tudor Charitable TR
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsHousing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingGala fundraisersTax deductible donations
General information
Address
55 Broad St 10th Floor
New York, NY 10004
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
cnycn.org/ 
Phone
(646) 786-0881
Facebook page
CNYCN 
Twitter profile
@cnycn 
IRS details
EIN
83-0506416
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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