Overview
What is The Community Preservation Corporation?
The Community Preservation Corporation (CPC) is a New York-based, private not-for-profit mortgage lender and investor, committed to financing low and moderate income housing. With a mission to preserve and develop affordable housing in New York, and to a lesser extent, elsewhere, CPC has played a significant role in the rehabilitation or construction of approximately 194,328 affordable housing units throughout its 48-year history. During the fiscal year ended June 30, 2022, CPC originated $419,263,378 in public and private funds for financing on 3,842 units. By providing debt and/or equity financing for low and moderate income housing, CPC aims to combat community deterioration, promote general welfare, and alleviate the burdens on government.
Official website here: www.communityp.com
Is The Community Preservation Corporation legitimate?
The Community Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Preservation Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $18,634,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,013,321
For more financial information, click here
Official website here: www.communityp.com
What is the mission statement of The Community Preservation Corporation?
The Community Preservation Corporation (CPC) is a not-for-profit organization that focuses on combating community deterioration and promoting general welfare by providing financing for low and moderate income housing. CPC's mission is to lessen the burdens of government and preserve and develop affordable housing through debt and equity financing. Over the course of its 48-year history, CPC has played a significant role in financing the rehabilitation or construction of over 194,000 affordable housing units in the US. In the year ending June 30, 2022, CPC originated $419 million in funds, representing financing for 3,842 units.
Official website here: www.communityp.com
Who is the CEO of The Community Preservation Corporation?
Rafael E Cestero is the President & Ceo, Director of The Community Preservation Corporation. The CEO's salary of The Community Preservation Corporation is $2,307,793 and their total compensation is $2,377,364.
Official website here: www.communityp.com
What is the revenue of The Community Preservation Corporation?
The Community Preservation Corporation's revenue in 2022 was $67,322,772.
Official website here: www.communityp.com
Who are the executives of The Community Preservation Corporation and what are their salaries?
The average compensation at The Community Preservation Corporation during 2022 was $165,665. There are 185 employees at The Community Preservation Corporation.
Here are 72 key members and their salaries (The Community Preservation Corporation's CEO's salary is $2,307,793 and their total compensation is $2,377,364):
- Rafael E Cestero (President & Ceo, Director)
- Sarah J Singman (Exec Vice President)
- John M Cannon (Exec Vice President)
- David Rothberg (Exec Vice President & Cfo)
- Carolyn Au (Exec Vice President & Coo)
- Richard A Kumro (Evp, Genl Counsel, Secy)
- William C Russo Iv (Senior Vice President)
- Thomas P Mcgrath (Senior Vice President)
- Elizabeth Propp (Senior Vice President)
- Wanda Chin (Senior Vice President)
- Jeffrey B Ely (Senior Vice President)
- Timothy Deegan (Vice President)
- Jaime S Demaso (Vice President)
- Robert L Riggs (Senior Vice President)
- Joseph Tancredi (Vice President)
- Douglas L Olcott (Senior Vice President)
- Andrea D Gladstone (Senior Vice President)
- Lawrence G Hammond (Senior Vice President)
- Cary Todd Moore (Senior Vice President)
- Helene S Rudolph (Vice President)
- Daniel J Wheeler (Vice President)
- Sarah C Dupere Ostro (Vice President)
- Nicholas V Petragnani Jr (Senior Vice President)
- Melanie A Crocco (Vice President)
- Stephanie C Canzani (Vice President)
- Sharon S Fierstein (Vice President)
- Erin K Macher (Vice President)
- Andrew J D'Agostino (Senior Vice President)
- Fergus P O'Connell (Vice President)
- Steven M Getz (Vice President)
- John J Tucci (Vice President)
- Christina L Morrison (Vice President)
- Lu Jin (Vice President)
- Michael A Skrebutenas (Senior Vice President)
- Mary Schouenborg-Paden (Senior Vice President)
- Alexander K Hajek (Production Mgr)
- Joya Cohen (Vice President)
- Chanda B Tye (Deputy Chief Fha Underwriter)
- George Chung (Vice President)
- Marc S Levine (Vice President)
- James P Millard (Vice President)
- Leon Shnayder (Mgr Of Infrastructure Services)
- Roger G Garcia (Vice President)
- Brenda Barnaby (Avp Human Resources)
- Hunter Ca Gradie (Vice President)
- Michael K Staton Sr (Vice President)
- Eric B Bederman (Vice President)
- Michael J Kroog (Vice President)
- Charles D Keegan (Senior Underwriter)
- Jaime L Tuozzolo (Vice President)
- David S Galst (Vice President)
- Andrea L Azzolina (Senior Vice President)
- Tracy M Conley (Vice President)
- Jaclyn R Keane (Vice President)
- Michael W Laurencelle (Vice President)
- Matthew A Meskill (Vice President)
- Michael A Dewitt (Vice President)
- Adam P Wildstein (Vice President)
- Thomas Laurencelle (Vice President)
- Glenn P Lunde (Vice President)
- Bruce A Beal (Director)
- Eduardo Diaz-Perez (Director)
- Ingrid Gould Ellen (Director)
- Todd A Gomez (Director)
- Michael Hegarty (Director)
- Carol M Joseph (Director)
- Manuel Menendez Jr (Director)
- Richard Roberts (Director)
- Gary Rodney (Director)
- Anders Tomson (Director)
- Steven J Weiss (Director)
- Alan Wiener (Director)
Official website here: www.communityp.com
Where can I find the form 990 for The Community Preservation Corporation?
The The Community Preservation Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.communityp.com
Learn more at the official website: www.communityp.com
Mission Statement of The Community Preservation Corporation
The Community Preservation Corporation (CPC) is a leading private not-for-profit mortgage lender and investor, dedicated to preserving and developing affordable housing for low and moderate-income individuals. With a mission to combat community deterioration and promote the general welfare, CPC strives to lessen the burdens of government by providing both debt and equity financing for affordable housing projects.
Founded over 48 years ago, the organization has made significant strides in its mission, rehabilitating or constructing an impressive total of 194,328 affordable housing units throughout its existence. The Community Preservation Corporation's work extends beyond the borders of New York, although its primary focus lies in this region.
During the fiscal year ended June 30, 2022, CPC successfully originated $419,263,378 in public and private funds, enabling financing for 3,842 affordable housing units. This achievement underscores the organization's commitment to continuing its essential role in providing access to safe and affordable housing for those who need it most. By collaborating with government entities and leveraging the power of financial resources, The Community Preservation Corporation plays a pivotal role in ensuring that low and moderate-income households have a stable foundation upon which to build their lives.
Impact
This information is meant to be a general summary of The Community Preservation Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Community Preservation Corporation has had a significant impact on combating community deterioration, promoting the general welfare, and lessening the burdens of government by providing financing for low and moderate-income housing. With a focus on preserving and developing affordable housing in New York and beyond, CPC has financed the rehabilitation or construction of an impressive 194,328 affordable housing units over its 48 years of existence. In the latest fiscal year, CPC originated over $419 million in public and private funds, supporting the financing of 3,842 housing units. This substantial contribution underscores CPC's commitment to improving communities and providing vital resources for those in need of affordable housing.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE LOAN INTEREST
Revenue
$24,533,100
SERVICING FEES
Revenue
$11,948,557
MORTGAGE LOAN COMMITMENT FEES
Revenue
$8,201,918
OTHER SERVICING INCOME
Revenue
$4,470,254
NET RENTAL INCOME
Revenue
$2,136,801
Organization Details
Founding Year
1974
Phone
(212) 869-5300
Principal Officer
Rafael E Cestero
Main Address
220 EAST 42ND STREET 16TH FLOOR, NEW YORK, NY, 10017
Website
www.communityp.com
NTEE Category
Code: L25 - Housing
If you are a representative of The Community Preservation Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.