ASSOCIATION FOR ENERGY AFFORDABILITY INC

EIN: 133374285 501(c)(3)

BRONX, NY

Total Revenue
$28,483,821
Total Expenses
$28,814,276
Total Assets
$25,519,205
Net Assets
$4,754,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
PETER S HOYLE
Phone
2122794307
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION FOR ENERGY AFFORDABILITY INC, founded in 1992, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2024.

Mission

WE MAKE ENERGY EFFICIENCY AFFORDABLE IN NEW AND EXISTING BUILDINGS.

Program Service Accomplishments

Program 1
Expenses: $11,066,402 Revenue: $5,854,367

AEA CALIFORNIA IMPLEMENTS ENERGY, EDUCATION AND TRAINING PROGRAMS AND RESEARCH AND DEMONSTRATION PROJECTS TO IMPROVE HOUSING AFFORDABILITY, HEALTH, SAFETY, AND COMFORT IN LOW-INCOME AND DISADVANTAGED...

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AEA CALIFORNIA IMPLEMENTS ENERGY, EDUCATION AND TRAINING PROGRAMS AND RESEARCH AND DEMONSTRATION PROJECTS TO IMPROVE HOUSING AFFORDABILITY, HEALTH, SAFETY, AND COMFORT IN LOW-INCOME AND DISADVANTAGED COMMUNITIES WHILE ALLEVIATING ENERGY USE AND GREENHOUSE GAS EMISSIONS. OUR PROGRAM IMPLEMENTATIONS FACILITATE OVER A HUNDRED ENERGY RETROFIT PROJECTS IN MULTIFAMILY BUILDINGS ANNUALLY, BENEFITING MORE THAN SIX THOUSAND LOW-INCOME TENANTS. AEA CALIFORNIA'S LARGEST PROGRAM, THE LOW INCOME WEATHERIZATION PROGRAM, ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF COMMUNITY SERVICES AND DEVELOPMENT, HAS DEPLOYED MORE THAN $49M IN INCENTIVES TO 12,746 LOW-INCOME MULTIFAMILY HOUSEHOLDS, WHICH SAVES 19,288,580 KILOWATT-HOURS, 1,345,297 THERMS, AND 13,256 METRIC TONS OF CO2E YEARLY.

Program 2
Expenses: $9,411,753 Revenue: $5,162,918

WEATHERIZATION ASSISTANCE DIRECTLY PROVIDES WEATHERIZATION SERVICES TO LOW-INCOME COMMUNITIES AND SUPPORTS COMMUNITY-BASED ORGANIZATIONS THROUGH ENERGY AUDITS, TRAINING, AND TECHNICAL SERVICES IN NEW...

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WEATHERIZATION ASSISTANCE DIRECTLY PROVIDES WEATHERIZATION SERVICES TO LOW-INCOME COMMUNITIES AND SUPPORTS COMMUNITY-BASED ORGANIZATIONS THROUGH ENERGY AUDITS, TRAINING, AND TECHNICAL SERVICES IN NEW YORK. THE PROGRAM REACHED 322 UNITS IN 2023, CONSISTING OF SMALL HOMES AND MULTIFAMILY BUILDINGS.

Program 3
Expenses: $5,055,013 Revenue: $962,065

MOST OTHER PROGRAMS INVOLVE UTILITY, TECHNICAL, AND NEW CONSTRUCTION WORK. UTILITY INSTALLS LED LIGHTING, SHOWERHEADS, STEAM TRAPS, BATH AND KITCHEN AERATORS. THIS YEAR, 3,035 RESIDENCES WERE SERVED...

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MOST OTHER PROGRAMS INVOLVE UTILITY, TECHNICAL, AND NEW CONSTRUCTION WORK. UTILITY INSTALLS LED LIGHTING, SHOWERHEADS, STEAM TRAPS, BATH AND KITCHEN AERATORS. THIS YEAR, 3,035 RESIDENCES WERE SERVED, AND 27,112 KILOWATT-HOURS AND 1,356,842 THERMS OF ENERGY WERE SALVAGED. TECHNICAL SERVICES PRIMARILY OVERSEE ENERGY AUDITS AND RETRO-COMMISSIONING PROJECTS TO COMPLY WITH NYC LL-87 LAW AND ELECTRIFICATION STUDIES, EQUIPMENT SPECIFICATIONS, AND CONSTRUCTION FOR LOW-CARBON AND ENERGY-SAVING BUILDING UPGRADES. OVER 7,700 UNITS BENEFITED. NEW CONSTRUCTION FACILITATES AFFORDABLE HOUSING DEVELOPMENT AND CERTIFICATIONS UNDER THE ENTERPRISE GREEN COMMUNITIES PROGRAM. THE MEDIAN ENERGY SAVINGS ACHIEVED WAS A 17.16% IMPROVEMENT OVER THE ASHRAE 90.1 STANDARD.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,818,516
Program Service Revenue $12,590,597
Investment Income $7,863
Other Revenue $66,845
TOTAL REVENUE $28,483,821

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,660,577
Fundraising Expenses $0
Program Expenses $26,742,741
Other Expenses $14,153,699
TOTAL EXPENSES $28,814,276

Year-over-Year Comparison

2024 2023 Change
Revenue $28,483,821 $27,611,484 +0.0%
Expenses $28,814,276 $27,127,343 +0.1%
Net Income $-330,455 $484,141 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
149
Volunteers
5

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
5
$376,449
Total Directors
5
$0
Key Employees
1
$297,771
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL REIBER SECRETARY / TREASURER 0.50
Officer Director
$0 $0 $0
DIRK FIELDS DIRECTOR 0.50
Director
$0 $0 $0
GARY BROWN VICE CHAIR 0.50
Officer Director
$0 $0 $0
JOSEPH BARDEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
LILIANA BURITICA DIRECTOR 0.50
Director
$0 $0 $0
PETER S HOYLE EXECUTIVE DIRECTOR 35.00
Officer
$264,335 $43,314 $307,649
LAURA PEROZO GARCIA CFO 35.00
Officer
$63,706 $5,094 $68,800
ANDREW BROOKS SR. DIRECTOR, AEA WEST 35.00
Key Emp
$254,212 $43,559 $297,771
ADAM ROMANO SR. DIRECTOR, WORKFORCE DEVELOPMENT 35.00
Highest
$169,388 $31,954 $201,342
AMY DRYDEN DIRECTOR OF STRATEGIC INNOVATIONS 35.00
Highest
$174,073 $28,467 $202,540
ASIT PATEL SENIOR DIRECTOR, TECHNICAL 35.00
Highest
$194,260 $46,287 $240,547
FRANCIS RODRIGUEZ DIRECTOR-WEATHERIZATION 35.00
Highest
$174,891 $51,571 $226,462
NICHOLAS DIRR SR. DIRECTOR, PROGRAMS 35.00
Highest
$212,007 $55,914 $267,921
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
2024 No data No data No data No data
2024 $28,483,821 $28,814,276 $25,519,205 $-330,455
2023 $27,611,484 $27,127,343 $27,528,703 $484,141
2022 $27,867,301 $26,037,128 $27,117,688 $1,830,173
2021 $16,696,902 $14,814,346 $8,796,586 $1,882,556
2020 $12,956,773 $12,336,834 $7,526,841 $619,939
2019 $14,285,535 $12,596,131 $7,925,851 $1,689,404
2018 $12,569,222 $14,275,199 $5,793,482 $-1,705,977
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