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Nonprofiteer
← NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY INC

Form 990 for tax year 2025

Filed by NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY INC.

Totals

Total revenue
$12,713,868
Total expenses
$11,930,341
Contributions and grants received
$10,729,108
Grants paid
$7,977,763
Program service revenue
$1,435,170
Investment income
$102,693
Other revenue
$446,897
Total assets, end of year
$20,376,293
Total liabilities, end of year
$13,174,919
Net assets or fund balances, end of year
$7,201,374
Program services expenses (Part IX)
$10,370,272
Management and general expenses
$1,200,200
Fundraising expenses
$359,869
Program service expenses (Part III)
$10,370,272

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $225,054

  • 1e · Government grants (contributions)

    $8,442,290

  • 1f · All other contributions, gifts and grants

    $2,061,764

  • 2a · Program service revenue: REHAB, LENDING PROGRAM

    total $1,435,170 · related or exempt $1,435,170

  • 3 · Investment income

    total $102,693 · excluded $102,693

  • 8a · Fundraising events: gross income

    $140,067

  • 8a · Fundraising events: contributions included on line 1c

    $225,054

  • 8b · Fundraising events: direct expenses

    $140,067

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $446,897 · related or exempt $446,897

  • 11e · Other revenue, total

    $446,897

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,977,763 · program services $7,977,763

  • 5 · Compensation of officers, directors and key employees

    total $390,513 · program services $96,743 · management and general $269,584 · fundraising $24,186

  • 7 · Other salaries and wages

    total $1,809,334 · program services $1,267,929 · management and general $302,079 · fundraising $239,326

  • 9 · Other employee benefits

    total $213,215 · program services $132,268 · management and general $55,407 · fundraising $25,540

  • 10 · Payroll taxes

    total $156,308 · program services $96,965 · management and general $40,619 · fundraising $18,724

  • 11b · Fees: legal

    total $33,025 · management and general $33,025

  • 11c · Fees: accounting

    total $42,750 · management and general $42,750

  • 11g · Fees: other

    total $319,314 · program services $211,467 · management and general $85,721 · fundraising $22,126

  • 13 · Office expenses

    total $119,616 · program services $67,191 · management and general $49,777 · fundraising $2,648

  • 16 · Occupancy

    total $243,907 · program services $192,693 · management and general $39,171 · fundraising $12,043

  • 20 · Interest

    total $294,156 · program services $120,833 · management and general $173,323

  • 22 · Depreciation, depletion and amortization

    total $20,596 · program services $16,477 · management and general $3,089 · fundraising $1,030

  • 23 · Insurance

    total $65,806 · program services $49,355 · management and general $13,161 · fundraising $3,290

  • 24a · Other expenses: STAFF TRAINING AND RECR

    total $97,508 · program services $12,325 · management and general $78,794 · fundraising $6,389

  • 24b · Other expenses: EXPENSE EQUIPMENT

    total $91,333 · program services $73,066 · management and general $13,700 · fundraising $4,567

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $55,197 · program services $55,197

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,650,950 · end of year $4,839,740

  • 2 · Savings and temporary cash investments

    beginning of year $4,488,593 · end of year $4,607,381

  • 3 · Pledges and grants receivable

    beginning of year $26,709 · end of year $1,002,142

  • 4 · Accounts receivable

    beginning of year $321,428 · end of year $372,570

  • 7 · Other notes and loans receivable

    beginning of year $9,180,219 · end of year $9,149,099

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,490 · end of year $62,278

  • 10a · Land, buildings and equipment: cost or other basis

    $2,357,858

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,312,947

  • 10c · Land, buildings and equipment, net

    beginning of year $28,290 · end of year $44,911

  • 15 · Other assets

    beginning of year $420,679 · end of year $298,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $201,464 · end of year $291,156

  • 21 · Escrow or custodial account liability

    beginning of year $718,173 · end of year $790,634

  • 23 · Secured mortgages and notes payable

    beginning of year $3,224,295 · end of year $606,045

  • 25 · Other liabilities

    beginning of year $6,644,579 · end of year $11,487,084

  • 27 · Net assets without donor restrictions

    beginning of year $4,485,334 · end of year $4,653,881

  • 28 · Net assets with donor restrictions

    beginning of year $1,932,513 · end of year $2,547,493

Mission and programs · 2025

Mission

NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY (NHSNYC), THROUGH LENDING, FINANCIAL LITERACY, AND HOUSING COUNSELING SERVICES, EMPOWERS DISADVANTAGED LOW AND MODERATE-INCOME NEW YORKERS TO PURCHASE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES.OUR ULTIMATE GOAL IS TO SUPPORT THE REALIZATION OF THE BEST QUALITY OF LIFE POSSIBLE FOR EACH NEW YORKER, STARTING WITH A STABLE HOME.

Activities or mission (Part I)

NHS REVITALIZES UNDERSERVED NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR HOMEOWNERSHIP EDUCATION, FINANCIAL ASSISTANCE, AND COMMUNITY LEADERSHIP.

  • LENDING: NHSNYC ENABLES NEIGHBORHOOD RESIDENTS TO ACHIEVE THEIR GOALS THROUGH A BROAD RANGE OF HOME IMPROVEMENT; EMERGENCY ASSISTANCE; DOWN PAYMENT, AND CLOSING COST ASSISTANCE; AND FLEXIBLE MORTGAGE PRODUCTS.

    Expenses $1,057,801 · Grants $183,633 · Revenue $547,647

  • EDUCATION/COUNSELING: NHSNYC RECOGNIZES THAT EDUCATION IS CRITICAL IN ENCOURAGING OPPORTUNITY AND HELPING NEIGHBORHOOD RESIDENTS TAKE CONTROL OF THEIR LIVES. NHSNYC OFFERS A FULL RANGE OF EDUCATIONAL SERVICES DESIGNED TO HELP RESIDENTS OVERCOME BARRIERS AND ACHIEVE FIRST-TIME HOMEOWNERSHIP; HELP EXISTING HOMEOWNERS SUCCESSFULLY MAINTAIN AND IMPROVE THEIR HOMES; AND HELP HOMEOWNERS UNDERSTAND AND RESTRUCTURE THEIR DEBT TO REDUCE THE LIKELIHOOD OF FORECLOSURE.

    Expenses $982,938 · Revenue $710,923

  • FACILITATED HOME ASSISTANCE: NHSNYC ADMINISTERS THE NEW YORK CITY HOUSING PRESERVATION AND DEVELOPMENT ("HPD") HOMEFIRST DOWNPAYMENT AND CLOSING COST ASSISTANCE GRANT PROGRAM FOR FIRST TIME HOMEBUYERS. ALL PROPERTIES PURCHASED MUST BE LOCATED WITHIN THE FIVE BOROUGHS OF NEW YORK CITY. THE GRANT AMOUNT IS UP TO $100,000. IN ADDITION, NHSNYC SOMETIMES RECEIVES PRIVATE FUNDING FROM STAKEHOLDERS TO ADMINISTER A DOWNPAYMENT AND CLOSING COST PROGRAM.

    Expenses $8,063,469 · Grants $7,794,130 · Revenue $176,600

  • PROPERTY MANAGEMENT: NHSNYC REAL ESTATE COLLECTIVE EMPOWERS PROPERTY OWNERS WITH THE KNOWLEDGE, TOOLS, AND SUPPORT THEY NEED TO MANAGE THEIR PROPERTIES EFFECTIVELY AND EQUITABLY. THOSE OWNERS THAT OWN A SINGLE-FAMILY HOME, MIXED-USE BUILDING, STOREFRONT OR COMMERCIAL SPACE, OR A SMALL MULTI-FAMILY PROPERTY OF UP TO EIGHT UNITS CAN BENEFIT FROM THIS INITIATIVE. NHSNYC OPERATES THE EDUCATIONAL AND MEMBERSHIP SUPPORT COMPONENTS AND PROVIDES TECHNICAL ASSISTANCE FOR FULL-SERVICE PROPERTY MANAGEMENT TO PARTNERS IN ITS NETWORK.

    Expenses $188,010

  • SPECIAL PROJECTS: RECOGNIZING THAT THE BEST WAY TO STRENGTHEN NEIGHBORHOODS FOR THE LONG-TERM IS TO ENCOURAGE RESIDENT INVOLVEMENT, NHSNYC COLLABORATES WITH OTHER COMMUNITY ORGANIZATIONS TO EXTEND NHSNYC'S CITY-WIDE REACH FOR DELIVERY OF ITS PROGRAMS AND CAPITAL.

    Expenses $78,054

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald E Tom

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eustace Greaves Jr Lutcf

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark D Podgainy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Gold

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erik Shumar

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Cullen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Moses Gates

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Bagatelle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Adam Dejak

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Gilman Crimmins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Abramo

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamie Thomas

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael P King

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Manutosh Marthur

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gerrald Ellis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angelo Frangella

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlene Gayle

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tonya Ores

    CEO

    Total calculated
    $254,024
    From this org
    $241,858
    From related orgs
    $0
    Other
    $12,166
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $241,858
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,166
    Filer's total
    $254,024

  • R Gary Campbell

    DIR. FINANCE & ADMIN

    Total calculated
    $149,611
    From this org
    $148,655
    From related orgs
    $0
    Other
    $956
    Hours/week
    35

  • Eileen Primo

    DIRECTOR OF HOMEOWNERSHIP

    Total calculated
    $125,702
    From this org
    $119,988
    From related orgs
    $0
    Other
    $5,714
    Hours/week
    35

  • Lucy Raimes

    DIR. OF STRATEGIC PARTNERSHIPS & RESOURCE DEVELOP

    Total calculated
    $148,387
    From this org
    $146,039
    From related orgs
    $0
    Other
    $2,348
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
1 June 2026
IRS schema version
2025v4.1
Source object
202631529349301158

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