2024-11-15T10:38:54-06:00 2023-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-01-01 830506416 THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC CENT 6467860881 60 BROAD ST 24TH FLOOR 2503 NEW YORK NY 10004 CHRISTIE PEALE CEO/EXECUTIVE DIRECTOR 6467860881 2024-11-14 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-11-14 2023 2024-10-15 13:58:12Z CHRISTIE PEALE 60 BROAD ST 24TH FLOOR 2503 NEW YORK NY 10004 236755925 0 X WWW.CNYCN.ORG X 2007 NY SEE SCHEDULE O. 13 13 128 13 0 0 298283063 235350246 0 0 59403 213532 789887 1192147 299132353 236755925 1797878 2202500 0 0 9158604 10970785 0 0 376255 285663071 222002697 296619553 235175982 2512800 1579943 138538594 124269987 41388936 25540386 97149658 98729601 X 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. 0 0 218908221 1541750 1192147 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. 6867609 286325 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. 3438351 220250 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. 2879861 154175 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. 2023 PROGRAMS AND INITIATIVES INCLUDED THE BLACK HOMEOWNERSHIP PROJECT, SCAM PREVENTION CAMPAIGNS, RESEARCH ON FORECLOSURES AND THE NYC TAX LIEN SALE, THE FLOODHELPNY.ORG DIGITAL PLATFORM, AND A VARIETY OF OTHER INITIATIVES AIMED AT RAISING AWARENESS OF AND SECURING RESOURCES FOR HOMEOWNER ISSUES ACROSS NYC AND NYS. 2879861 154175 232094042 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 31 0 1 128 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X SEAN BERRY CLIENT MANAGER 2129012426 55 BROAD STREET 10TH FLOOR NEW YORK NY 10004 ADOLFO CARRIN JR BOARD MEMBER 1.00 X 0 0 0 ALEXA SEWELL BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 BAABA HALM BOARD MEMBER 1.00 X 0 0 0 CATHLEEN MAHON BOARD MEMBER 1.00 X 0 0 0 ERIC EDERLIN BOARD MEMBER 1.00 X 0 0 0 FREDERICK HARRIS BOARD MEMBER 1.00 X 0 0 0 GWEN ROBINSON BOARD MEMBER 1.00 X 0 0 0 HAKIM THOMPSON BOARD MEMBER 1.00 X 0 0 0 JONATHAN MINTZ BOARD MEMBER 1.00 X 0 0 0 LOUISE CARROLL BOARD CHAIR 1.00 X X 0 0 0 MATHEW WAMBUA BOARD MEMBER 1.00 X 0 0 0 MERILYN ROVIRA BOARD MEMBER 1.00 X 0 0 0 SAM MARKS BOARD MEMBER 1.00 X 0 0 0 VALERIE WHITE BOARD MEMBER 1.00 X 0 0 0 CHRISTIE PEALE EXECUTIVE DIRECTOR 40.00 X 213350 0 43863 NATASHA N PALLAN CHIEF FINANCIAL OFFICER 40.00 X 175450 0 39986 BRADEN Z LISTMANN DEPUTY DIRECTOR PROGRAM DILEVERY 40.00 X 121954 0 37669 JESSICA WELLS-HASAN VP OF DEVELOPMENT AND EXTERNAL RELATIONS 40.00 X 173250 0 25825 LUCY RAIMES VP OF HOMEOWNER SERVICES 40.00 X 142150 0 9200 MICHAEL B HAYNES VP OF LENDING 40.00 X 145000 0 14482 PAMELA BAILEY SAH CHIEF PROGRAM OFFICER 40.00 X 165989 0 19971 1137143 0 190996 17 0 1 0 WITT O'BRIEN LLC 818 TOWN COUNTY BLVD STE 200 HOUSTON TX 77024 CONSULTING 441141 DECISION SCIENCE ANALYTICS LLC 365 HAMPSHIRE LN CRYSTAL LAKE IL 60014 CONSULTING 218900 PENELOPE MORGAN DBA MORGANS CAREFREE ENT 183-20 143 AVENUE SPRINGFIELD GARDENS NY 11413 CONSULTING 154300 CONVENE 117 WEST 46TH LLC 117 W 46TH ST NEW YORK NY 10036 EVENT MANGEMENT 103813 4 228727633 6622613 235350246 213532 213532 MISCELLANEOUS 900099 629473 629473 GAIN ON EXTINGUISHMENT OF LEASE L 900099 562674 562674 1192147 236755925 1192147 0 213532 2202500 2202500 472649 322904 96666 53079 8055629 7176031 729382 150216 270141 240449 24563 5129 1400633 1248841 125641 26151 771733 680113 73871 17749 83545 83545 62875 62875 5550894 4255462 1266759 28673 450629 450629 91529 79545 9695 2289 1668846 1491422 122786 54638 667814 559877 88808 19129 88489 75527 10603 2359 118383 103490 12004 2889 14330 12014 1906 410 234720 200829 27700 6191 ANTICIPATED LOAN FORGIV 204013637 204013637 SUBCONTRACTED PROGRAM 8576398 8576398 STAFF EXPENSES 136077 114563 17679 3835 MORTGAGE RECORDING 86026 86026 158505 140910 14077 3518 235175982 232094042 2705685 376255 25535389 12689158 1183509 8304219 17243841 12473903 989925 57596 89459807 90147196 447141 268890 299110 221088 92352 78022 3586630 251003 138538594 124269987 4064009 2287200 1869766 1754240 30367246 17752943 1033760 3500000 4054155 246003 41388936 25540386 X 74650913 75043660 22498745 23685941 97149658 98729601 138538594 124269987 1579943 0 X X 0 1 X 1 1 1 X 47769774 10684206 23499584 298302467 235350246 615606277 47769774 10684206 23499584 298302467 235350246 615606277 17289418 598316859 97553 10405 46649 59403 213532 427542 65671 789887 1192147 2047705 618081524 0.96800 0.84960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2019 AMOUNT: $ 21,850. MISCELLANEOUS - 2019 AMOUNT: $ 43,821. 2022 AMOUNT: $ 789,887. 2023 AMOUNT: $ 629,473. EXTINGUISHMENT OF LEASE LIABILITY - 2023 AMOUNT: $ 562,674. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 62875 62875 235113107 235175982 1000000 250000 0 0 763307 1000000 1000000 1000000 3763307 5644961 55696 50464 58747 62875 227782 190827 250000 250000 250000 940827 1411241 PART I-A, LINE 1: THE CENTER FOR NYC NEIGHBORHOODS WORKS TO IMPROVE PUBLIC POLICIES THAT IMPACT THE LIVES AND COMMUNITIES OF LOW AND MODERATE INCOME HOMEOWNERS IN NEW YORK. WE WORK IN CONJUNCTION WITH PARTNERS, ORGANIZERS, AND HOMEOWNERS IN NEW YORK THROUGH PUBLIC EDUCATION AND LEGISLATIVE ADVOCACY AT THE CITY, STATE, AND FEDERAL LEVEL. 143302 65280 78022 86087 86087 0 69721 69721 0 78022 OPERATING LEASE LIABILITY 246003 246003 X 236755925 0 236755925 0 236755925 235175982 0 235175982 0 235175982 PART X, LINE 2: THE CENTER BELIEVES IT HAS NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. 1 ACCESS JUSTICE BROOKLYN INC 44 COURT ST 1206 BROOKLYN NY 11201 113155182 501(C)(3) 108125 0 HOUSING & LEGAL COUNSELING BROOKLYN LEGAL SERVICES CORPORATION 80 JAMAICA AVENUE BROOKLYN NY 11207 132605599 501(C)(3) 73125 0 HOUSING & LEGAL COUNSELING CHHAYA COMMUNITY DEVELOPMENT CORPORATION EFT - ACH 37-43 77TH STREET 2ND FLOOR JACKSON HEIGHTS NY 11372 113580935 501(C)(3) 17000 0 HOUSING & LEGAL COUNSELING COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND 2100 MIDDLE COUNTRY ROAD SUITE 300 CENTEREACH NY 11720 112221341 501(C)(3) 17500 0 HOUSING & LEGAL COUNSELING CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION INC BASEMENT APARTMENT CONVERS 625 JAMAICA AVENUE BROOKLYN NY 11208 112683663 501(C)(3) 68125 0 HOUSING & LEGAL COUNSELING GROW BROOKLYN INC 1474 MYRTLE AVENUE BROOKLYN NY 11237 261410513 501(C)(3) 257500 0 HOUSING & LEGAL COUNSELING IMPACCT BROOKLYN 1000 DEAN STREET SUITE 420 BROOKLYN NY 11238 112451752 501(C)(3) 25000 0 HOUSING & LEGAL COUNSELING LEGAL SERVICES NYC 350 BROADWAY 6TH FLOOR NEW YORK NY 10013 132600199 501(C)(3) 272500 0 HOUSING & LEGAL COUNSELING MARGERT COMMUNITY CORPORATION 325 BEACH 37 STREET FAR ROCKAWAY NY 11691 112534700 501(C)(3) 100000 0 HOUSING & LEGAL COUNSELING MHANY MANAGEMENT 11TH FLOOR NEW YORK NY 11201 721303737 501(C)(3) 43125 0 HOUSING & LEGAL COUNSELING MOBILIZATION FOR JUSTICE INC 100 WILLLIAM STREET 6TH FLOOR BROOKLYN NY 10038 132622748 501(C)(3) 63125 0 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN CDC INC 2806 CHURCH AVENUE NEW YORK NY 11226 471169779 501(C)(3) 235000 0 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SRVCS OF NYC INC 307 WEST 36 STREET 12TH FLOOR NEW YORK NY 10018 133098397 501(C)(3) 140000 0 HOUSING & LEGAL COUNSELING NEIGHBORS HELPING NEIGHBORS 621 DEGRAW STREET BROOKLYN NY 11217 113059958 501(C)(3) 10000 0 HOUSING & LEGAL COUNSELING NYLAG - NY LEGAL ASSISTANCE GROUP INC 7 HANOVER SQUARE 18TH FLOOR NEW YORK NY 10004 133505426 501(C)(3) 113125 0 HOUSING & LEGAL COUNSELING QUEENS VOLUNTEER LAWYERS PROJECT INC 90-35 148TH STREET JAMAICA NY 11435 113091697 501(C)(3) 50000 0 HOUSING & LEGAL COUNSELING STATEN ISLAND LEGAL SERVICES LEGAL SERVICES 36 RICHMOND TERRACE STATEN ISLAND NY 10301 132600199 501(C)(3) 75625 0 HOUSING & LEGAL COUNSELING THE BRONX NEIGHBORHOOD HOUSING SERVICES 1451 E GUN HILL RD BRONX NY 10469 471006046 501(C)(3) 235000 0 HOUSING & LEGAL COUNSELING BELMONT HOUSING RESOURCES FOR WNY INC 2392 MAIN STREET BUFFALO NY 14214 161080227 501(C)(3) 14000 0 HOUSING & LEGAL COUNSELING THE HOUSING COUNCIL AT PATHSTONE INC 75 COLLEGE AVE STE 412 ROCHESTER NY 14607 160991179 501(C)(3) 13500 0 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF JAMAICA INC 89-70 162ND STREET JAMAICA NY 09432 237398279 501(C)(3) 9000 0 HOUSING & LEGAL COUNSELING HUDSON RIVER HOUSING INC 501 WINDSOR DRIVE SECAUCUS NJ 07094 222456648 501(C)(3) 9000 0 HOUSING & LEGAL COUNSELING THE BRONX NEIGHBORHOOD HOUSING SERVICES 506 MACDONOUGH STREET BROOKLYN NY 11233 471006046 501(C)(3) 98125 0 HOUSING & LEGAL COUNSELING QUEENS LEGAL SERVICES 89-00 SUTPHIN BLVD 5TH FLOOR JAMAICA NY 11435 132605604 501(C)(3) 20000 0 HOUSING & LEGAL COUNSELING BEDFORD STUYVESANT RESTORATION CORPORTION 1368 FULTON STREET BROOKLYN NY 11216 116083182 501(C)(3) 135000 0 HOUSING & LEGAL COUNSELING 25 PART I, LINE 2: THE CENTER HAS AN EXTENSIVE PROCESS OF MONITORING THE USE OF GRANT FUNDS WHICH INVOLVES BI-MONTHLY DATA REPORTING, SITE VISITS, TECHNICAL ASSISTANCE AND TRAINING. PERFORMANCE REPORTS ARE TYPICALLY REQUIRED AFTER 6 MONTHS AND AT THE END OF GRANT PERIOD. X X X 0 0 0 0 0 0 0 0 0 CHRISTIE PEALE EXECUTIVE DIRECTOR 202350 0 0 0 11000 0 6600 0 37263 0 257213 0 0 0 NATASHA N PALLAN CHIEF FINANCIAL OFFICER 165170 0 0 0 10280 0 5445 0 34541 0 215436 0 0 0 JESSICA WELLS-HASAN VP OF DEVELOPMENT AND EXTERNAL RELAT 158432 0 0 0 14818 0 5197 0 20628 0 199075 0 0 0 PAMELA BAILEY SAH CHIEF PROGRAM OFFICER 151278 0 0 0 14711 0 5100 0 14871 0 185960 0 0 0 BRADEN Z LISTMANN DEPUTY DIRECTOR PROGRAM DILEVERY 112579 0 0 0 9375 0 3750 0 33919 0 159623 0 0 0 MICHAEL B HAYNES VP OF LENDING 136949 0 0 0 8051 0 4350 0 10132 0 159482 0 0 0 LUCY RAIMES VP OF HOMEOWNER SERVICES 129602 0 0 0 12548 0 4350 0 4850 0 151350 0 0 0 SCHEDULE J, PART II, COLUMN (B)(III): THE AMOUNTS IN THIS COLUMN REPRESENT VACATION CASHOUTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AND INDEPENDENT ACCOUNTANT. THE BOARD MEMBERS RECEIVE A FINAL VERSION OF THE TAX RETURN FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD ANNUALLY AND EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT, ALSO ON ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD ACTIVELY REVIEWS COMPENSATION FOR THE EXECUTIVE DIRECTOR ON AN ONGOING BASIS. THE CEO'S COMPENSATION IS COMPARABLE TO THE EXECUTIVE LEADERSHIP OF SIMILAR ORGANIZATIONS. CEO COMPENSATION DID NOT INCREASE FROM THE PREVIOUS YEAR AND WAS APPROVED BY THE CENTER'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SUSTAINABLE NEIGHBORHOODS LLC 55 BROAD STREET 10TH FLOOR NEW YORK NY 10004 273412475 CONDUCTS DIR. LENDING AND PROVIDES FIN. ASSISTANCE TO LOW-TO MIDDLE-INCOME DE 226844027 112243776 THE CENTER FOR THE NEW YORK CITY NEIGHBORHOODS INC