NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY

EIN: 133098397 501(c)(3) Housing & Shelter

NEW YORK CITY, NY

Total Revenue
$12,713,868
Total Expenses
$11,930,341
Total Assets
$20,376,293
Net Assets
$7,201,374
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
R GARY CAMPBELL
Phone
2125192553
Tax Period
2025-01-01 to 2025-12-31

NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.7M in total revenue in fiscal year 2025. Expenses of $11.9M left a modest 6% surplus.

Mission

NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY (NHSNYC), THROUGH LENDING, FINANCIAL LITERACY, AND HOUSING COUNSELING SERVICES, EMPOWERS DISADVANTAGED LOW AND MODERATE-INCOME NEW YORKERS TO PURCHASE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES.OUR ULTIMATE GOAL IS TO SUPPORT THE REALIZATION OF THE BEST QUALITY OF LIFE POSSIBLE FOR EACH NEW YORKER, STARTING WITH A STABLE HOME.

Program Service Accomplishments

Program 1
Expenses: $1,057,801 Revenue: $547,647

LENDING: NHSNYC ENABLES NEIGHBORHOOD RESIDENTS TO ACHIEVE THEIR GOALS THROUGH A BROAD RANGE OF HOME IMPROVEMENT; EMERGENCY ASSISTANCE; DOWN PAYMENT, AND CLOSING COST ASSISTANCE; AND FLEXIBLE MORTGAGE...

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LENDING: NHSNYC ENABLES NEIGHBORHOOD RESIDENTS TO ACHIEVE THEIR GOALS THROUGH A BROAD RANGE OF HOME IMPROVEMENT; EMERGENCY ASSISTANCE; DOWN PAYMENT, AND CLOSING COST ASSISTANCE; AND FLEXIBLE MORTGAGE PRODUCTS.

Program 2
Expenses: $982,938 Revenue: $710,923

EDUCATION/COUNSELING: NHSNYC RECOGNIZES THAT EDUCATION IS CRITICAL IN ENCOURAGING OPPORTUNITY AND HELPING NEIGHBORHOOD RESIDENTS TAKE CONTROL OF THEIR LIVES. NHSNYC OFFERS A FULL RANGE OF EDUCATIONAL...

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EDUCATION/COUNSELING: NHSNYC RECOGNIZES THAT EDUCATION IS CRITICAL IN ENCOURAGING OPPORTUNITY AND HELPING NEIGHBORHOOD RESIDENTS TAKE CONTROL OF THEIR LIVES. NHSNYC OFFERS A FULL RANGE OF EDUCATIONAL SERVICES DESIGNED TO HELP RESIDENTS OVERCOME BARRIERS AND ACHIEVE FIRST-TIME HOMEOWNERSHIP; HELP EXISTING HOMEOWNERS SUCCESSFULLY MAINTAIN AND IMPROVE THEIR HOMES; AND HELP HOMEOWNERS UNDERSTAND AND RESTRUCTURE THEIR DEBT TO REDUCE THE LIKELIHOOD OF FORECLOSURE.

Program 3
Expenses: $8,063,469 Revenue: $176,600

FACILITATED HOME ASSISTANCE: NHSNYC ADMINISTERS THE NEW YORK CITY HOUSING PRESERVATION AND DEVELOPMENT ("HPD") HOMEFIRST DOWNPAYMENT AND CLOSING COST ASSISTANCE GRANT PROGRAM FOR FIRST TIME...

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FACILITATED HOME ASSISTANCE: NHSNYC ADMINISTERS THE NEW YORK CITY HOUSING PRESERVATION AND DEVELOPMENT ("HPD") HOMEFIRST DOWNPAYMENT AND CLOSING COST ASSISTANCE GRANT PROGRAM FOR FIRST TIME HOMEBUYERS. ALL PROPERTIES PURCHASED MUST BE LOCATED WITHIN THE FIVE BOROUGHS OF NEW YORK CITY. THE GRANT AMOUNT IS UP TO $100,000. IN ADDITION, NHSNYC SOMETIMES RECEIVES PRIVATE FUNDING FROM STAKEHOLDERS TO ADMINISTER A DOWNPAYMENT AND CLOSING COST PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $10,729,108
Program Service Revenue $1,435,170
Investment Income $102,693
Other Revenue $446,897
TOTAL REVENUE $12,713,868

Expense Breakdown

Grants Paid $7,977,763
Salaries & Benefits $2,569,370
Fundraising Expenses $359,869
Program Expenses $10,370,272
Other Expenses $1,383,208
TOTAL EXPENSES $11,930,341

Year-over-Year Comparison

2025 2024 Change
Revenue $12,713,868 $12,103,415 +0.1%
Expenses $11,930,341 $11,925,068 +0.0%
Net Income $783,527 $178,347 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
29
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$403,635
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD E TOM TREASURER 1.00
Officer Director
$0 $0 $0
EUSTACE GREAVES JR LUTCF MEMBER 1.00
Director
$0 $0 $0
MARK D PODGAINY MEMBER 1.00
Director
$0 $0 $0
SCOTT GOLD MEMBER 1.00
Director
$0 $0 $0
ERIK SHUMAR MEMBER 1.00
Director
$0 $0 $0
SUSAN CULLEN MEMBER 1.00
Director
$0 $0 $0
MOSES GATES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID BAGATELLE PRESIDENT 1.00
Officer Director
$0 $0 $0
ADAM DEJAK MEMBER 1.00
Director
$0 $0 $0
REBECCA GILMAN CRIMMINS MEMBER 1.00
Director
$0 $0 $0
JOHN ABRAMO MEMBER 1.00
Director
$0 $0 $0
JAMIE THOMAS BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL P KING MEMBER 1.00
Director
$0 $0 $0
MANUTOSH MARTHUR MEMBER 1.00
Director
$0 $0 $0
GERRALD ELLIS MEMBER 1.00
Director
$0 $0 $0
ANGELO FRANGELLA MEMBER 1.00
Director
$0 $0 $0
CHARLENE GAYLE MEMBER 1.00
Director
$0 $0 $0
TONYA ORES CEO 35.00
Officer
$241,858 $12,166 $254,024
R GARY CAMPBELL DIR. FINANCE & ADMIN 35.00
Officer
$148,655 $956 $149,611
EILEEN PRIMO DIRECTOR OF HOMEOWNERSHIP 35.00
Highest
$119,988 $5,714 $125,702
LUCY RAIMES DIR. OF STRATEGIC PARTNERSHIPS & RESOURCE DEVELOP 35.00
Highest
$146,039 $2,348 $148,387
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,713,868 $11,930,341 $20,376,293 $783,527
2024 $12,103,415 $11,925,068 $17,206,358 $178,347
2023 $10,193,207 $9,692,527 $22,014,790 $500,680
2022 $12,319,217 $11,066,613 $25,135,298 $1,252,604
2021 $4,808,509 $4,483,651 $17,546,984 $324,858
2020 $4,303,281 $5,017,134 $16,546,846 $-713,853
2019 $7,380,820 $6,845,611 $18,691,664 $535,209
2018 $11,714,748 $11,930,766 $16,710,714 $-216,018
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