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Buffalo Neighborhood Stabilization Company Inc

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

EIN: 270580274 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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?
Who is the CEO of Buffalo Neighborhood Stabilization Company Inc?
What is the revenue of Buffalo Neighborhood Stabilization Company Inc?
Who are the executives of Buffalo Neighborhood Stabilization Company Inc and what are their salaries?
Where can I find the form 990 for Buffalo Neighborhood Stabilization Company Inc?

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.

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: $17
  • Program Service Revenue: $556,312
  • Gross Receipts: $2,195,855

    • Assets and Liabilities:
  • Total Assets: $3,771,057
  • Total Liabilities: $1,045,177
  • Net Assets: $2,725,880
  • 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

    Principal Officer

    Dawn Wells-Clyburn

    Main Address

    429 PLYMOUTH AVE SUITE 1, BUFFALO, NY, 14213

    NTEE Category

    Code: L20 - Housing

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