2021-11-15T16:02:05-06:00 2020-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2020-01-01 830506416 THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC CENT 6467860881 55 BROAD STREET 10TH FLOOR NEW YORK NY 10004 CHRISTIE PEALE EXECUTIVE DIRECTOR 6467860881 2021-11-15 1 CHRISTIE PEALE 999009999 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTIE PEALE 55 BROAD STREET 10TH FLOOR NEW YORK NY 10004 10694611 0 X WWW.CNYCN.ORG X 2007 NY SEE SCHEDULE O. 17 17 72 16 0 0 47769774 10684206 0 0 97553 10405 55100 0 47922427 10694611 7237239 1972973 0 0 7478198 6884372 0 0 228934 7703762 3408795 22419199 12266140 25503228 -1571529 106668804 108730694 14669450 18302869 91999354 90427825 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 6457510 1972973 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 2020 INCLUDE FORECLOSURE PREVENTION, HOMEOWNER PROTECTION PROGRAM (HOPP), THE HOMEOWNER HELP DESK, TEMPORARY HOUSING SERVICES (HRO), AND THE RESIDENTIAL BACKWATER VALVE INSTALLATION PROGRAM (RBVIP). 2532058 LENDING & CAPITAL: THE CENTER'S WHOLLY-OWNED CDFI SUBSIDIARY, SUSTAINABLE NEIGHBORHOODS LLC, CONDUCTS DIRECT LENDING AND PROVIDES FINANCIAL ASSISTANCE TO LMI FAMILIES AND FAMILIES OF COLOR, DEMONSTRATING MODELS FOR MORTGAGE ORIGINATION ANDSERVICING 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 2020 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). 1547920 0 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 ATBUILDING THE CAPACITY, STRENGTH, AND ORGANIZATION OF THE FIELD. 2020 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. 10537488 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 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 18 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 ALEXA SEWELL BOARD MEMBER 1.00 X 0 0 0 CATHLEEN MAHON BOARD MEMBER 1.00 X 0 0 0 COLVIN GRANNUM BOARD TREASURER 1.00 X X 0 0 0 DONOVAN RICHARDS BOARD MEMBER 1.00 X 0 0 0 ERIC EDERLIN BOARD MEMBER 1.00 X 0 0 0 FRED HARRIS BOARD CHAIR 1.00 X 0 0 0 GREGORY SCHIEFELBEIN BOARD MEMBER 1.00 X 0 0 0 HAKIM THOMPSON BOARD MEMBER 1.00 X 0 0 0 HERBERT STURZ BOARD CHAIR 1.00 X X 0 0 0 JONATHAN MINTZ BOARD MEMBER 1.00 X 0 0 0 JOSEPH WEISBORD BOARD MEMBER 1.00 X 0 0 0 JUDITH KENDE BOARD MEMBER 1.00 X 0 0 0 KENNETH ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 LOUISE CARROLL BOARD MEMBER 1.00 X 0 0 0 MATHEW WAMBUA BOARD MEMBER 1.00 X 0 0 0 RONAY MENSCHEL BOARD SECRETARY 1.00 X X 0 0 0 SAM MARKS BOARD MEMBER 1.00 X 0 0 0 CHRISTIE PEALE EXECUTIVE DIRECTOR 40.00 X 213700 0 46044 NATASHA N PALLAN CHIEF FINANCIAL OFFICER 40.00 X 157250 0 45794 HOWARD BANKER CHIEF LENDING OFFICER 40.00 X 144070 0 29765 JESSICA WELLS-HASAN V.P. OF DEVELOPMENT 40.00 X 140000 0 6895 JOSEPH L SANT DEPUTY GENERAL COUNSEL 40.00 X 129185 0 17486 LUCY RAIMES DIR. OF NETWORK PROGRAMS 40.00 X 138709 0 12207 LUSHEENA WARNER CHIEF OF STAFF 40.00 X 126286 0 4720 1049200 0 162911 9 0 1 0 BURCHMAN TERRIO & QUIST LLC 80 BROAD ST STE 1500 NEW YORK NY 10004 ACCOUNTING 284701 1 8004607 2679599 10684206 10405 10405 10694611 0 0 10405 1972973 1972973 462789 79570 308130 75089 4705879 4300481 315913 89485 147878 135063 9978 2837 1201554 1087772 87617 26165 366272 314843 40551 10878 27437 27437 55696 27291 27848 557 33383 30286 2788 309 1077716 547258 523543 6915 281633 281633 27321 24616 2443 262 392186 317488 70031 4667 584359 527083 49839 7437 7111 6404 617 90 67082 60860 5602 620 29042 26196 2476 370 115702 104138 10102 1462 BAD DEBT 303653 303653 CLIENT EXPENSE 225130 225130 BAD DEBT 50407 45732 4209 466 STAFF EXPENSES 32617 29201 3012 404 98320 89817 7582 921 12266140 10537488 1499718 228934 2552666 8583637 5951868 2814302 6677383 6767665 37661 37926 89994003 267426 206937 299110 162972 165180 136138 90676203 340417 190086 106668804 108730694 1191613 930500 3424114 2483529 9016240 10999426 1037483 3889414 14669450 18302869 X 73354107 71936454 18645247 18491371 91999354 90427825 106668804 108730694 -1571529 0 X X 0 1 X 1 1 1 X 13409414 39679748 65289304 47769774 10684206 176832446 13409414 39679748 65289304 47769774 10684206 176832446 86748215 90084231 97553 10405 107958 31216 76232 99139 65671 272258 177212662 0.50830 0.53120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2018 AMOUNT: $ 9,120. 2019 AMOUNT: $ 21,850. MISCELLANEOUS - 2016 AMOUNT: $ 31,216. 2017 AMOUNT: $ 76,232. 2018 AMOUNT: $ 90,019. 2019 AMOUNT: $ 43,821. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55696 55696 12210444 12266140 763307 190827 0 0 1000000 1000000 1000000 763307 3763307 5644961 19330 31723 32876 55696 139625 250000 250000 250000 190827 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 22291 121011 86087 86086 1 69721 54595 15126 136138 X 10694611 0 10694611 0 10694611 12266140 0 12266140 0 12266140 PART X, LINE 2: THE CENTER BELIEVES IT HAS NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019 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 AAFE COMMUNITY DEVELOPMENT FUND INC 108 NOLFORK STREET NEW YORK NY 10002 134103352 501(C)(3) 91628 HOUSING & LEGAL COUNSELING ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK 42 WEST 44TH STREET NEW YORK NY 10036 130453095 501(C)(3) 35000 HOUSING & LEGAL COUNSELING BELMONT HOUSING RESOURCES FOR WNY INC 1195 MAIN STREET BUFFALO NY 14209 161080227 501(C)(3) 8750 HOUSING & LEGAL COUNSELING BRIDGE STREET DEVELOPMENT CORP - EFT-ACH 460 NOSTRAND AVENUE BROOKLYN NY 11216 113250772 501(C)(3) 25000 HOUSING & LEGAL COUNSELING BROOKLYN BAR ASSOCIATION VOLUNTEER LAWYERS PROJECT 123 REMSEN STREET2ND FLOOR BROOKLYN NY 11201 113155182 501(C)(3) 57500 HOUSING & LEGAL COUNSELING BROOKLYN LEGAL SERVICES CORPORATION A 80 JAMAICA AVENUE BROOKLYN NY 11207 132605599 501(C)(3) 57500 HOUSING & LEGAL COUNSELING BROOKLYN LEGAL SERVICES INC 105 COURT STREET 3RD FLOOR BROOKLYN NY 11201 132605605 501(C)(3) 41300 HOUSING & LEGAL COUNSELING BROOKLYN NEIGHBORHOOD SERVICES 506 MACDONOUGH STREET BROOKLYN NY 11233 471717438 501(C)(3) 8900 HOUSING & LEGAL COUNSELING CAMBA INC 1720 CHURCH AVENUE BROOKLYN NY 11226 112480339 501(C)(3) 25000 HOUSING & LEGAL COUNSELING CHHAYA COMMUNITY DEVELOPMENT CORPORATION 37-43 77TH STREET 2ND FLOOR JACKSON HEIGHTS NY 11372 113580935 501(C)(3) 65000 HOUSING & LEGAL COUNSELING COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND 2100 MIDDLE COUNTY ROAD CENTEREACH NY 11720 112221341 501(C)(3) 8750 HOUSING & LEGAL COUNSELING CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION INC 625 JAMAICA AVENUE BROOKLYN NY 112081203 112683663 501(C)(3) 43500 HOUSING & LEGAL COUNSELING GROW BROOKLYN INC 1474 MYRTLE AVENUE BROOKLYN NY 11237 261410513 501(C)(3) 50000 HOUSING & LEGAL COUNSELING HUDSON RIVER HOUSING INC 313 MILL STREET POUGHKEEPSIE NY 12601 222456648 501(C)(3) 8750 HOUSING & LEGAL COUNSELING JASALEGAL SERVICES FOR THE ELDERLY IN QUEENS 97-77 QUEENS BOULEVARD SUITE 600 REGO PARK NY 11374 132620896 501(C)(3) 57500 HOUSING & LEGAL COUNSELING LEGAL AID SOCIETY 120-46 QUEENS BOULEVARD KEW GARDENS NY 11415 135562265 501(C)(3) 30000 HOUSING & LEGAL COUNSELING LEGAL SERVICES NYC 350 BROADWAY 6TH FLOOR NEW YORK NY 100133911 132600199 501(C)(3) 187500 HOUSING & LEGAL COUNSELING LEGAL SERVICES NYC DBA BRONX LEGAL SERVICE 579 COURTLANT AVENUE BRONX NY 104515013 161759590 501(C)(3) 57500 HOUSING & LEGAL COUNSELING MARGERT COMMUNITY CORPORATION 325 BEACH 37 STREET FAR ROCKAWAY NY 11691 112534700 501(C)(3) 33250 HOUSING & LEGAL COUNSELING MHANY MANAGEMENT INC ONE METRO TECH CENTER NORTH 11TH FLOOR BROOKLYN NY 11201 721303737 501(C)(3) 32400 HOUSING & LEGAL COUNSELING MOBILIZATION FOR JUSTICE INC 100 WILLLIAM STREET 6TH FLOOR NEW YORK NY 10038 132622748 501(C)(3) 41300 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF BEDFORD-STUYVESANT 1012 GATES AVENUE BROOKLYN NY 11221 133098397 501(C)(3) 115000 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN CDC INC 2806 CHRUCH AVENUE BROOKLYN NY 11226 471169779 501(C)(3) 121410 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF JAMAICA INC 89-70 162 STREET JAMAICA NY 114325072 237398279 501(C)(3) 16120 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SERVICES OF QUEENS CDC INC 60-20 WOODSIDE AVENUE 2ND FLOOR WOODSIDE NY 11377 471267077 501(C)(3) 56327 HOUSING & LEGAL COUNSELING NEIGHBORHOOD HOUSING SRVCS OF NYC INC 307 WEST 36 STREET 12TH FLOOR NEW YORK NY 10018 471169779 501(C)(3) 104288 HOUSING & LEGAL COUNSELING NEIGHBORHOOD REINVESTMENT CORPORATION PO BOX 418218 BOSTON MA 022418218 521148078 501(C)(3) 20600 HOUSING & LEGAL COUNSELING NEIGHBORS HELPING NEIGHBORS 621 DEGRAW STREET BROOKLYN NY 11217 113059958 501(C)(3) 15000 HOUSING & LEGAL COUNSELING NEW YORK DISASTER INTERFAITH SERVICES 4 WEST 43RD STREET SUITE 407 NEW YORK NY 10036 010794539 501(C)(3) 147836 POST-SANDY TEMPORARY HOUSING NORTHFIELD COMMUNITY LOCAL DEVELOPMENT 160 HEBERTON AVE STATEN ISLAND NY 10302 132974137 501(C)(3) 8910 HOUSING & LEGAL COUNSELING NY LEGAL ASSISTANCE GROUP INC 7 HANOVER SQUARE 18TH FLOOR NEW YORK NY 10004 133505426 501(C)(3) 57500 HOUSING & LEGAL COUNSELING PARODNECK FOUNDATION FOR SELF-HELP & COMMUNITY DEVELOPMENT INC 121 SIXTH AVENUE - SUITE 501 NEW YORK NY 10013 112229635 501(C)(3) 111510 HOUSING & LEGAL COUNSELING QUEENS LEGAL SERVICES 89-00 SUTPHIN BOULEVARD SUITE 206 JAMAICA NY 11435 132605604 501(C)(3) 41300 HOUSING & LEGAL COUNSELING RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION 150 BROADWAY STE 2101 NEW YORK NY 10038 203853610 501(C)(3) 70900 HOUSING & LEGAL COUNSELING STATEN ISLAND LEGAL SERVICES 36 RICHMOND TERRACE - SUITE 205 STATEN ISLAND NY 10301 132600199 501(C)(3) 41300 HOUSING & LEGAL COUNSELING THE HOUSING COUNCIL AT PATHSTONE 75 COLLEGE AVE ROCHESTER NY 14607 160991179 501(C)(3) 7500 HOUSING & LEGAL COUNSELING 36 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 TEYPICALLY REQUIRED AFTER 6 MONTHS AND AT THE END OF GRANT PERIOD. X X 0 0 0 0 0 0 0 0 0 CHRISTIE PEALE EXECUTIVE DIRECTOR 213700 0 0 0 0 0 6600 0 39444 0 259744 0 0 0 NATASHA N PALLAN CHIEF FINANCIAL OFFICER 157250 0 0 0 0 0 4950 0 40844 0 203044 0 0 0 HOWARD BANKER CHIEF LENDING OFFICER 144070 0 0 0 0 0 4410 0 25355 0 173835 0 0 0 LUCY RAIMES DIR. OF NETWORK PROGRAMS 138709 0 0 0 0 0 4350 0 7857 0 150916 0 0 0 FORM 990, PART 1, LINE 1: THE CENTER FOR NYC NEIGHBORHOODS PROMOTES AND PROTECTS AFFORDABLE HOMEOWNERSHIP IN NEW YORK SO THAT MIDDLE- AND WORKING-CLASS FAMILIES AER ABLE TO BUILD STRONG, THRIVING COMMUNITIES. ESTABLISHED BY PUBLIC AND PRIVATE PARTNERS, THE CENTER MEETS THE DIVERSE NEEDS TO HOMEOWNERS THROUGHOUT NEW YORK STATE BY OFFERING FREE, HIGH QUALITY HOUSING SERVICES. 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. 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 CONDUCT CHARITABLE ACTIVITIES. DE 1915725 99594493 THE CENTER FOR THE NEW YORK CITY NEIGHBORHOODS INC