NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC, founded in 2007, is a major nonprofit in the Housing & Shelter sector that reported $236.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.
OUR MISSION IS TO PROMOTE AND PROTECT AFFORDABLE HOMEOWNERSHIP IN NEW YORK SO THAT MIDDLE- AND WORKING-CLASS FAMILIES ARE ABLE TO BUILD STRONG, THRIVING COMMUNITIES.
HOMEOWNER ASSISTANCE FUND: THE CENTER'S WHOLLY-OWNED CDFI SUBSIDIARY HAS IMPLEMENTED THE NEW YORK STATE HOMEOWNER ASSISTANCE FUND (NYS HAF). NYS HAF IS A FEDERALLY-FUNDED PROGRAM DEDICATED TO...
HOMEOWNER ASSISTANCE FUND: THE CENTER'S WHOLLY-OWNED CDFI SUBSIDIARY HAS IMPLEMENTED 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.
HOMEOWNER SERVICES: THE CENTER DEVELOPS AND IMPLEMENTS PROGRAMS THAT MEET CRITICAL HOMEOWNER NEEDS AND BRINGS STABILITY TO NEIGHBORHOODS, INCLUDING FORECLOSURE PREVENTION ADVICE AND ASSISTANCE, STORM...
HOMEOWNER SERVICES: THE CENTER DEVELOPS AND IMPLEMENTS PROGRAMS THAT MEET CRITICAL HOMEOWNER NEEDS AND BRINGS STABILITY TO NEIGHBORHOODS, 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 AND OTHER SERVICES TO HOMEOWNERS TO FILL GAPS. PROGRAMS AND SERVICES OFFERED IN 2023 INCLUDED FORECLOSURE AND SCAM PREVENTION, HOMEOWNER PROTECTION PROGRAM (HOPP) AND THE HOMEOWNER HELP DESK.
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...
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 2023 INCLUDE THE EQUITABLE REVERSE MORTGAGE ASSISTANCE PROGRAM AND THE DISTRESSED MORTGAGE REFINANCE PROGRAM, ALONG WITH SERVICING. FOR LOANS MADE THROUGH THE MORTGAGE ASSISTANCE PROGRAM. ADDITIONALLY, SN WAS SELECTED TO ADMINISTER NYS HAF, THROUGH WHICH WE ARE DELIVERING APPROXIMATELY HALF A BILLION DOLLARS IN PANDEMIC RELIEF TO THOUSANDS OF NYS HOMEOWNERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $236,755,925 | $299,132,353 | -0.2% |
| Expenses | $235,175,982 | $296,619,553 | -0.2% |
| Net Income | $1,579,943 | $2,512,800 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ADOLFO CARRIN JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXA SEWELL | BOARD MEMBER (OUTGOING) | 1.00 |
Director
|
$0 | $0 | $0 |
| BAABA HALM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHLEEN MAHON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC EDERLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FREDERICK HARRIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GWEN ROBINSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HAKIM THOMPSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN MINTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUISE CARROLL | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATHEW WAMBUA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MERILYN ROVIRA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM MARKS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| VALERIE WHITE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIE PEALE | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$213,350 | $43,863 | $257,213 |
| NATASHA N PALLAN | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$175,450 | $39,986 | $215,436 |
| BRADEN Z LISTMANN | DEPUTY DIRECTOR PROGRAM DILEVERY | 40.00 |
Highest
|
$121,954 | $37,669 | $159,623 |
| JESSICA WELLS-HASAN | VP OF DEVELOPMENT AND EXTERNAL RELATIONS | 40.00 |
Highest
|
$173,250 | $25,825 | $199,075 |
| LUCY RAIMES | VP OF HOMEOWNER SERVICES | 40.00 |
Highest
|
$142,150 | $9,200 | $151,350 |
| MICHAEL B HAYNES | VP OF LENDING | 40.00 |
Highest
|
$145,000 | $14,482 | $159,482 |
| PAMELA BAILEY SAH | CHIEF PROGRAM OFFICER | 40.00 |
Highest
|
$165,989 | $19,971 | $185,960 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $236,755,925 | $235,175,982 | $124,269,987 | $1,579,943 |
| 2022 | $299,132,353 | $296,619,553 | $138,538,594 | $2,512,800 |
| 2021 | $23,546,233 | $19,337,200 | $125,177,702 | $4,209,033 |
| 2020 | $10,694,611 | $12,266,140 | $108,730,694 | $-1,571,529 |
| 2019 | $47,922,427 | $22,419,199 | $106,668,804 | $25,503,228 |
| 2018 | $65,347,324 | $32,522,353 | $102,470,126 | $32,824,971 |
Compare THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC with other nonprofits in New York and across the country.