Association For Energy Affordability Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133374285 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Association For Energy Affordability Inc?

The Association For Energy Affordability Inc is a nonprofit organization dedicated to improving housing affordability, health, safety, and comfort in low-income and disadvantaged communities by implementing energy efficiency programs and research projects. With a team of 122 employees, they operate primarily in New York and California, providing training, technical services, and implementing energy efficiency programs. In California, they facilitate over a hundred energy retrofit projects in multifamily buildings yearly, benefiting more than six thousand low-income tenants. Their largest program, the Low Income Weatherization Program, has deployed over $44 million in incentives to 10,393 low-income multifamily households, saving approximately 19.66 million kilowatt-hours, 1.06 million therms, and 11,825 metric tons of CO2e yearly. By making energy efficiency affordable in new and existing buildings, they aim to reduce both energy consumption and greenhouse gas emissions.


Official website here: www.aea.us.org

Is Association For Energy Affordability Inc legitimate?

Association For Energy Affordability Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association For Energy Affordability Inc 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: $927,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,118,537

For more financial information, click here


Official website here: www.aea.us.org

What is the mission statement of Association For Energy Affordability Inc?

The Association For Energy Affordability Inc is dedicated to promoting energy efficiency in both new and existing buildings to make it an attainable reality for all. Through training and technical services, they support nonprofit community-based organizations that offer low-income weatherization and energy efficiency program services. Additionally, they provide these services directly as a weatherization and energy efficiency provider. The organization acts as a program implementer and technical services provider in various government and utility energy efficiency programs. By engaging in educational, technical, and energy efficiency management services, the Association For Energy Affordability Inc aims to improve housing affordability, health, safety, and comfort in low-income and disadvantaged communities while reducing energy use and greenhouse gas emissions. Their efforts facilitate over a hundred energy retrofit projects in multifamily buildings annually, benefiting more than six thousand low-income tenants. The Association's largest program, the Low Income Weatherization Program, has deployed over $44 million in incentives to 10,393 low-income multi-family households, saving 19,655,614 kilowatt-hours, 1,059,379 therms, and 11,825 metric tons of CO2e yearly.


Official website here: www.aea.us.org

Who is the CEO of Association For Energy Affordability Inc?

Peter S Hoyle is the Secretary / Treasurer of Association For Energy Affordability Inc.


Official website here: www.aea.us.org

What is the revenue of Association For Energy Affordability Inc?

Association For Energy Affordability Inc's revenue in 2022 was $27,867,301.


Official website here: www.aea.us.org

Who are the executives of Association For Energy Affordability Inc and what are their salaries?

The average compensation at Association For Energy Affordability Inc during 2022 was $65,947. There are 122 employees and 3 volunteers at Association For Energy Affordability Inc.

Here are 14 key members and their salaries:

    David Hepinstall (Executive Director)
  • Compensation: $230,202
  • Related: $0
  • Other: $30,453

    • Andrew Brooks (Sr. Director, Aea West)
  • Compensation: $205,951
  • Related: $0
  • Other: $32,721

    • Francis Rodriguez (Director-Weatherization)
  • Compensation: $178,186
  • Related: $0
  • Other: $52,955

    • Nicholas Dirr (Sr. Director, Programs)
  • Compensation: $180,575
  • Related: $0
  • Other: $46,708

    • Nasser Ghaleb (Chief Financial Officer)
  • Compensation: $165,300
  • Related: $0
  • Other: $53,828

    • Peter S Hoyle (Chief Operating Officer)
  • Compensation: $185,577
  • Related: $0
  • Other: $23,009

    • Amy Dryden (Director Of Strategic Inno)
  • Compensation: $145,407
  • Related: $0
  • Other: $35,820

    • Sarah Hill (Dir. Low Income Program)
  • Compensation: $122,276
  • Related: $0
  • Other: $17,576

    • Dominic Danquah (Energy Efficiency Engineer)
  • Compensation: $114,462
  • Related: $0
  • Other: $22,062

    • Daniel Reiber (Secretary / Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Brown (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Barden (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Jackson-Campbell (Director (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wendell Rice (Vice-Chairman (Outgoing)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aea.us.org

    Where can I find the form 990 for Association For Energy Affordability Inc?

    The Association For Energy Affordability Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aea.us.org

    Learn more at the official website: www.aea.us.org

    Mission Statement of Association For Energy Affordability Inc

    The Association For Energy Affordability Inc, a dedicated nonprofit organization, strives to promote energy affordability through energy efficiency in both new and existing buildings. By offering training and technical services, AEA supports community-based organizations that provide low-income weatherization and energy efficiency program services in New York and California. In addition to its training role, AEA is an active player in various government and utility energy efficiency programs in these states, serving as a program implementer, technical services provider, and solutions partner.

    AEA's mission is twofold: making energy efficiency a reality for buildings and improving the lives of low-income and disadvantaged communities. In California, AEA implements energy, education, and training programs, as well as research and demonstration projects, to enhance housing affordability, health, safety, and comfort while reducing energy consumption and greenhouse gas emissions. Annually, AEA facilitates over a hundred energy retrofit projects in multifamily buildings, benefiting more than six thousand low-income tenants. The largest program under AEA's umbrella, the Low Income Weatherization Program, administered by the California Department of Community Services and Development, has deployed over $44 million in incentives to 10,393 low-income multifamily households. This investment saves approximately 19.66 million kilowatt-hours, 1.059 million therms, and 11,825 metric tons of CO2e yearly.

    Impact

    This information is meant to be a general summary of Association For Energy Affordability Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Association For Energy Affordability Inc's impact is significant and far-reaching. Through their energy efficiency programs and initiatives, they are making energy affordability a reality for low-income communities in New York and California. By providing training, technical services, and direct weatherization and energy efficiency services, Association For Energy Affordability Inc is helping to improve housing affordability, health, safety, and comfort for thousands of low-income individuals. Their efforts also contribute to reducing energy use and greenhouse gas emissions, benefitting both the environment and the community. With over a hundred energy retrofit projects in multifamily buildings annually and the deployment of millions of dollars in incentives to low-income households, Association For Energy Affordability Inc is truly making a positive impact on energy affordability and environmental sustainability.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,391
  • Program Service Revenue: $11,390,036
  • Gross Receipts: $27,867,301

    • Assets and Liabilities:
  • Total Assets: $27,117,688
  • Total Liabilities: $21,141,260
  • Net Assets: $5,976,428
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROG. IMPLEMENT. FEES-CA OPERATIO

    Revenue

    $8,514,526

    PROG. IMPLEMENT. FEES

    Revenue

    $2,617,504

    OTHER PROGRAM SERVICES

    Revenue

    $258,006

    Organization Details

    Founding Year

    1992

    Principal Officer

    Peter S Hoyle

    Main Address

    105 BRUCKNER BOULEVARD, BRONX, NY, 10454

    NTEE Category

    Code: C27 - Environment

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