Overview
What is Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc, headquartered in Buffalo, New York, is a nonprofit organization dedicated to revitalizing the West Side of the city. Their primary goal is to convert older houses and apartments into energy-efficient, affordable rental properties. To achieve this, they scale up new energy efficiency retrofits through Green Jobs - Green NY, an innovative law, and promote green infrastructure, stormwater management, and green jobs. Simultaneously, their Push Blue initiative tackles Buffalo's combined sewer overflow problem. The organization also acts as a land bank, acquiring vacant housing and lots to prepare for future development, ensuring affordability and preventing gentrification. With 18 employees, Buffalo Neighborhood Stabilization Company Inc is committed to enhancing the living conditions and bolstering the community of Buffalo's West Side residents.
Is Buffalo Neighborhood Stabilization Company Inc legitimate?
Buffalo Neighborhood Stabilization Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Neighborhood Stabilization Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,866
For more financial information, click here
What is the mission statement of Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc's mission is centered around transforming older houses and apartments into green, permanently affordable rental housing for residents. They aim to significantly increase the number of affordable housing units annually, enhance neighborhood fabric through investments in infrastructure, and rehabilitate vacant lots. The company works to prevent gentrification and displacement of residents by ensuring the affordability of both rental and homeowner housing units. Additionally, Buffalo Neighborhood Stabilization Company Inc acts as a land bank, acquiring vacant housing and lots for future development.
Who is the CEO of Buffalo Neighborhood Stabilization Company Inc?
Dawn Wells-Clyburn is the President of Buffalo Neighborhood Stabilization Company Inc.
What is the revenue of Buffalo Neighborhood Stabilization Company Inc?
Buffalo Neighborhood Stabilization Company Inc's revenue in 2022 was $2,195,855.
Who are the executives of Buffalo Neighborhood Stabilization Company Inc and what are their salaries?
The average compensation at Buffalo Neighborhood Stabilization Company Inc during 2022 was $19,437. There are 18 employees at Buffalo Neighborhood Stabilization Company Inc.
Here are 5 key members and their salaries:
- Rahwa Ghirmatzion (Vice President)
- Dawn Wells-Clyburn (Vice President)
- Robert Jahnke (President) [Trustee/Director]
- Ramone Alexander (Secretary) [Trustee/Director]
- Jim Anderson (Treasurer) [Trustee/Director]
Where can I find the form 990 for Buffalo Neighborhood Stabilization Company Inc?
The Buffalo Neighborhood Stabilization Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Buffalo Neighborhood Stabilization Company Inc
Buffalo Neighborhood Stabilization Company Inc is committed to driving development that transforms older houses and apartments into green, permanently affordable rental housing for the West Side residents. Their mission is multifaceted, aimed at increasing access to quality affordable housing by substantially increasing the number of units being renovated and constructed each year. They also coordinate investments in infrastructure and rehabilitate vacant lots to enhance neighborhood fabric.
To prevent gentrification and displacement of residents, Buffalo Neighborhood Stabilization Company Inc ensures affordability of both rental and homeowner housing units. Additionally, the organization acts as a land bank, acquiring vacant housing and lots and stabilizing them in preparation for development. This proactive approach to housing development aims to provide a sustainable solution for affordable housing needs, thereby contributing positively to the community.
Impact
This information is meant to be a general summary of Buffalo Neighborhood Stabilization Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Buffalo Neighborhood Stabilization Company Inc's impact centers around driving the development that transforms older houses and apartments into green, permanently affordable rental housing for Buffalo's West Side residents. They work to increase access to quality affordable housing by renovating and constructing a substantial number of units each year, coordinating investments in infrastructure to enhance neighborhood fabric, rehabilitating vacant lots, and preventing gentrification and displacement of residents by ensuring affordability of housing units. Additionally, they act as a land bank to acquire vacant housing and lots for stabilization in preparation for development. Their activities contribute to the revitalization and stabilization of neighborhoods, providing sustainable housing solutions for the community.
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.
DEVELOPER FEES
Revenue
$360,509
RENTAL INCOME
Revenue
$141,951
MAINTENANCE FEES
Revenue
$53,852
Organization Details
Founding Year
2009
Phone
(716) 884-0356
Principal Officer
Dawn Wells-Clyburn
Main Address
429 PLYMOUTH AVE SUITE 1, BUFFALO, NY, 14213
NTEE Category
Code: L20 - Housing
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