Overview
What is Neighborhood Housing Services Of New York City?
Neighborhood Housing Services of New York City (NHSNYC) is a federally-certified Community Development Financial Institution (CDFI) based in New York City, with a mission to revitalize underserved neighborhoods by creating and preserving affordable housing. With a workforce of 22 employees, NHSNYC originates loans and grants for the acquisition or preservation of 1-to-4 family properties throughout the city, including houses, cooperatives, and condominium developments. The organization also provides renovation and repair loans for small buildings with between one-to-twenty housing units. In 2022, NHSNYC received a $7.5 million grant from Wells Fargo to expand lending through an Open Access Fund, helping low to moderate income borrowers bridge the gap to homeownership. NHSNYC empowers individuals and families to invest in, preserve, and improve their neighborhoods, homes, and futures, offering financial and homeownership education, loan origination, and mortgage facilitation to support the attainment and sustainability of homeownership for underserved New Yorkers.
Official website here: www.nhsnyc.org
Is Neighborhood Housing Services Of New York City legitimate?
Neighborhood Housing Services Of New York City is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of New York City 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: $295,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,106,911
For more financial information, click here
Official website here: www.nhsnyc.org
What is the mission statement of Neighborhood Housing Services Of New York City?
Neighborhood Housing Services of New York City (NHSNYC) aims to revitalize underserved communities by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance, and community leadership. Through financial empowerment and affordable lending, NHSNYC enables individuals and families to invest in, preserve, and improve their neighborhoods, homes, and futures. In partnership with the private sector, government agencies, local residents, and businesses, NHSNYC offers a wide range of services based on the unique needs of each community, including financial and homeownership education, loan origination, and mortgage facilitation to support the attainment and sustainability of homeownership for underserved New Yorkers. The ultimate goal is to support the realization of the best possible quality of life for each New Yorker, starting with a stable home.
Official website here: www.nhsnyc.org
Who is the CEO of Neighborhood Housing Services Of New York City?
Derrick Griggs is the Treasurer of Neighborhood Housing Services Of New York City. The CEO's salary of Neighborhood Housing Services Of New York City is $186,788 and their total compensation is $216,634.
Official website here: www.nhsnyc.org
What is the revenue of Neighborhood Housing Services Of New York City?
Neighborhood Housing Services Of New York City's revenue in 2022 was $12,319,217.
Official website here: www.nhsnyc.org
Who are the executives of Neighborhood Housing Services Of New York City and what are their salaries?
The average compensation at Neighborhood Housing Services Of New York City during 2022 was $63,737. There are 22 employees at Neighborhood Housing Services Of New York City.
Here are 17 key members and their salaries (Neighborhood Housing Services Of New York City's CEO's salary is $186,788 and their total compensation is $216,634):
- Derrick Griggs (Ceo)
- Marita R Bankhead (Director Of Lending)
- Donald E Tom (Treasurer) [Trustee/Director]
- Eustace Greaves Jr Lutcf (Member) [Trustee/Director]
- Mark D Podgainy (Member) [Trustee/Director]
- Scott Gold (Member) [Trustee/Director]
- Erik Shumar (Member) [Trustee/Director]
- Susan Cullen (Member) [Trustee/Director]
- Moses Gates (Vice President) [Trustee/Director]
- David Bagatelle (President) [Trustee/Director]
- Adam Dejak (Member) [Trustee/Director]
- Rebecca Gilman Crimmins (Member) [Trustee/Director]
- John Abramo (Member) [Trustee/Director]
- Jamie Thomas (Board Secretary) [Trustee/Director]
- Michael P King (Member) [Trustee/Director]
- Manutosh Marthur (Member) [Trustee/Director]
- Gerrald Ellis (Member) [Trustee/Director]
Official website here: www.nhsnyc.org
Where can I find the form 990 for Neighborhood Housing Services Of New York City?
The Neighborhood Housing Services Of New York City’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nhsnyc.org
Learn more at the official website: www.nhsnyc.org
Mission Statement of Neighborhood Housing Services Of New York City
Neighborhood Housing Services of New York City (NHSNYC) is a mission-driven organization that breathes new life into underserved neighborhoods by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance, and community leadership. NHSNYC empowers individuals and families to invest in, preserve, and improve their neighborhoods, homes, and futures.
Through financial empowerment and affordable lending, NHSNYC enables New Yorkers to achieve and sustain homeownership. Partnering with the private sector, government agencies, local residents, and businesses, NHSNYC offers a wide range of services tailored to the needs of each community it serves. These services include financial and homeownership education, loan origination, and mortgage facilitation. NHSNYC's ultimate goal is to help each New Yorker attain the best quality of life possible, starting with a stable home.
NHSNYC plays a pivotal role in supporting the realization of a stable home for underserved New Yorkers. By offering financial assistance and homeownership education, NHSNYC equips individuals and families with the knowledge and resources they need to successfully navigate the homebuying process. Through its lending initiatives, NHSNYC makes homeownership an attainable goal for those who might otherwise be excluded from the housing market. NHSNYC's commitment to its communities goes beyond providing affordable housing – it fosters transformative change, one stable home and family at a time.
Impact
This information is meant to be a general summary of Neighborhood Housing Services Of New York City. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Neighborhood Housing Services Of New York City revitalizes underserved neighborhoods by creating and preserving affordable housing, providing homeownership education, financial assistance, and fostering community leadership. Through their lending platform, NHSNYC originates loans and grants for the acquisition or preservation of 1-to-4 family properties across New York City, including cooperative and condominium units. In addition, they offer renovation and repair loans for small buildings with up to twenty housing units.
In 2022, NHSNYC was selected by Wells Fargo to receive a $7.5 million grant to expand lending efforts, including creating an open access fund to help low to moderate income borrowers bridge the gap to purchase a home. By empowering individuals and families through financial education and affordable lending, Neighborhood Housing Services Of New York City enables residents to invest in, preserve, and improve their neighborhoods, homes, and futures. Their partnership with the private sector, government agencies, and local stakeholders allows them to offer a range of services tailored to the specific needs of each community they serve, ultimately aiming to support the best quality of life possible for all New Yorkers.
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.
REHAB, LENDING PROGRAM
Revenue
$1,365,768
Organization Details
Founding Year
1982
Phone
(212) 519-2553
Principal Officer
Derrick Griggs
Main Address
306 WEST 37TH ST SUITE 1101, NEW YORK CITY, NY, 10018
Website
www.nhsnyc.org
NTEE Category
Code: L800 - Housing
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