Nonprofit · EIN 83-0506416
THE CENTER FOR NEW YORK CITY
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,042,150 | $36,915,641 | $9,126,509 | $125,382,376 | $17,526,266 | $107,856,110 |
| December 31, 2023 | 990 | $236,755,925 | $235,175,982 | $1,579,943 | $124,269,987 | $25,540,386 | $98,729,601 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,313,415
- of which government grants
- $31,493,154
- Program service revenue
- $0
- Investment income
- $54,677
- Net gain from sales of assets
- -$68,467
- Other revenue
- $1,674,058
Expenses
- Grants and similar amounts paid
- $2,252,659
- Compensation of officers, directors and key employees
- $488,196
- Other salaries and wages
- $8,815,533
- Salaries, compensation and benefits (total)
- $12,157,343
- Professional fundraising fees
- $0
- Legal fees
- $388,716
- Occupancy
- $262,637
- Travel
- $209,736
- Depreciation
- $9,555
- Program services (functional)
- $32,764,412
- Management and general (functional)
- $3,473,637
- Fundraising (functional)
- $677,592
Balance sheet and other
- Total assets, start of year
- $124,269,987
- Total assets, end of year
- $125,382,376
- Total liabilities, end of year
- $17,526,266
- Net assets, end of year
- $107,856,110
- Net assets without donor restrictions
- $75,897,552
- Net assets with donor restrictions
- $31,958,558
- Gross receipts
- $46,185,452
- Employees
- 128
- Volunteers
- 16
- Year formed
- 2007
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTIE PEALE | EXECUTIVE DIRECTOR Officer | 40 | $212,833 | $47,500 |
| NATASHA N PALLAN | CHIEF FINANCIAL OFFICER Officer | 40 | $184,525 | $43,338 |
| JESSICA WELLS-HASAN | VP OF DEV. AND EXTERNAL AFFAIRS Highest-paid employee | 40 | $181,913 | $28,177 |
| PAMELA BAILEY SAH | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $175,147 | $22,792 |
| BRADEN Z LISTMANN | VP OF PROGRAM DELIVERY Highest-paid employee | 40 | $137,056 | $47,986 |
| SARAH A STEVENSON | DIRECTOR OF FINANCE Highest-paid employee | 40 | $129,448 | $44,636 |
| MIREILLE MARTINEAU | DIRECTOR, HAF Highest-paid employee | 40 | $135,000 | $38,576 |
| ADOLFO CARRIN JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BAABA HALM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CATHLEEN MAHON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLVIN GRANNUM | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ERIC EDERLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FREDERICK HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GWEN ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HAKIM THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WEISBORD | SECRETARY Trustee or director, Officer | 1 | $0 |
| JONATHAN MINTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| LOUISE CARROLL | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MATHEW WAMBUA | BOARD MEMBER Trustee or director | 1 | $0 |
| MERILYN ROVIRA | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM MARKS | BOARD MEMBER Trustee or director | 1 | $0 |
| TANYA JOHNSON-BARNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| VALERIE WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTIE PEALE | EXECUTIVE DIRECTOR Officer | 40 | $213,350 | $43,863 |
| NATASHA N PALLAN | CHIEF FINANCIAL OFFICER Officer | 40 | $175,450 | $39,986 |
| JESSICA WELLS-HASAN | VP OF DEVELOPMENT AND EXTERNAL RELATIONS Highest-paid employee | 40 | $173,250 | $25,825 |
| PAMELA BAILEY SAH | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $165,989 | $19,971 |
| BRADEN Z LISTMANN | DEPUTY DIRECTOR PROGRAM DILEVERY Highest-paid employee | 40 | $121,954 | $37,669 |
| MICHAEL B HAYNES | VP OF LENDING Highest-paid employee | 40 | $145,000 | $14,482 |
| LUCY RAIMES | VP OF HOMEOWNER SERVICES Highest-paid employee | 40 | $142,150 | $9,200 |
| ADOLFO CARRIN JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEXA SEWELL | BOARD MEMBER (OUTGOING) Trustee or director | 1 | $0 | $0 |
| BAABA HALM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CATHLEEN MAHON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC EDERLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FREDERICK HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GWEN ROBINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HAKIM THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN MINTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOUISE CARROLL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATHEW WAMBUA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MERILYN ROVIRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM MARKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VALERIE WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 BROAD ST 24TH FLOOR 2503, NEW YORK, NY 10004-2342
- Principal officer (990 for 2024)
- CHRISTIE PEALE, 60 BROAD ST 24TH FLOOR 2503, NEW YORK, NY 10004
- Signed the 990
- CHRISTIE PEALE, CEO/EXECUTIVE DIRECTOR
- Phone
- (646) 786-0881
- Website
- WWW.CNYCN.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
OUR MISSION IS TO PROMOTE AND PROTECT AFFORDABLE HOMEOWNERSHIP IN NEW YORK SO THAT MIDDLE- AND WORKING-CLASS FAMILIES ARE ABLE TO BUILD STRONG, THRIVING COMMUNITIES.
Program accomplishments
- LENDING & CAPITAL: THE CENTER'S WHOLLY-OWNED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") SUBSIDIARY, SUSTAINABLE NEIGHBORHOODS, LLC ("SN LLC OR "AFFILIATE"), CONDUCTS DIRECT LENDING AND PROVIDES FINANCIAL ASSISTANCE TO LOW OR MODERATE-INCOME FAMILIES, DEMONSTRATING MODELS FOR MORTGAGE ORIGINATION AND SERVICING AT SCALE FOR HOMEOWNERS. BY OFFERING REASONABLY PRICED MORTGAGE LOANS, RESPONSIBLE SERVICING, AND EFFECTIVE MORTGAGE COUNSELING, AND/OR INTEGRATING OUTSIDE QUALIFIED NONPROFIT COUNSELING ORGANIZATIONS TO SUPPORT ALL APPLICANTS, THE CENTER ENABLES ASSET-BUILDING AND SUSTAINABLE WEALTH FOR HOMEOWNERS WHO ARE NOT SERVED BY TRADITIONAL CAPITAL OR BANKING OUTLETS. THROUGH DECEMBER 31, 2024, SN LLC HAS PROVIDED $559.8 MILLION IN LOANS TO HOMEOWNERS AT RISK OF FORECLOSURE. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE OPERATIONS OF THE CENTER AND SN LLC.Expenses $25,713,881 · grants $951,790 · revenue $1,605,591
- HOMEOWNER SERVICES: THE CENTER DEVELOPS AND IMPLEMENTS PROGRAMS THAT MEET CRITICAL HOMEOWNER NEEDS, INCLUDING FORECLOSURE PREVENTION ADVICE AND ASSISTANCE, STORM RECOVERY ASSISTANCE, RESILIENCY COUNSELING, HELP WITH REPAIRS, ADVICE ON ENERGY EFFICIENCY, AND MORE. THE CENTER ALSO COORDINATES AND FUNDS A NETWORK OF NONPROFIT COMMUNITY-BASED HOUSING COUNSELING AND LEGAL SERVICE PROVIDERS THAT ACT AS A SAFETY NET FOR FAMILIES ACROSS NY STATE. WHEN NEEDED, THE CENTER ALSO PROVIDES DIRECT COUNSELING TO HOMEOWNERS TO FILL SERVICE GAPS.Expenses $4,827,090 · grants $1,235,869
- SYSTEMS CHANGE: THE CENTER EMPLOYS A CONTINUOUS CYCLE OF RESEARCH, ADVOCACY, THOUGHT LEADERSHIP, PILOT PROGRAMS AND TECHNICAL ASSISTANCE TO MAKE THE CASE FOR GOVERNMENTAL CHANGES, PROGRAMS AND INVESTMENTS THAT STABILIZE HOMEOWNERS AND EXPAND AFFORDABLE HOMEOWNERSHIP. THE CENTER'S RESEARCH IS DRIVEN BY DATA AND BY EXPERIENCE ON THE GROUND WITH HOMEOWNERS, AND ANALYZES PAST AND CURRENT TRENDS TO SHED LIGHT ON BAD PRACTICES AND MAKE RECOMMENDATIONS ON BEST PRACTICES AND POLICIES. THESE EFFORTS ARE AIMED AT BOTH SUSTAINING THE CENTER AND ITS VISION, PROGRAMS AND INTERVENTIONS, AND AT BUILDING THE CAPACITY, STRENGTH AND ORGANIZATION OF THE FIELD.Expenses $2,223,441 · grants $65,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0506416
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $125,382,376
- Income (IRS master file)
- $46,185,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,042,150 | $36,915,641 | $125,382,376 | IRS |
| 990 | December 2023 | $236,755,925 | $235,175,982 | $124,269,987 | XML |
| 990 | December 2022 | $299,132,353 | $296,619,553 | $138,538,594 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0506416).
Questions about THE CENTER FOR NEW YORK CITY
- What is the EIN of THE CENTER FOR NEW YORK CITY?
- The employer identification number (EIN) of THE CENTER FOR NEW YORK CITY is 83-0506416.
- Is THE CENTER FOR NEW YORK CITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to THE CENTER FOR NEW YORK CITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CENTER FOR NEW YORK CITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CENTER FOR NEW YORK CITY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CENTER FOR NEW YORK CITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE CENTER FOR NEW YORK CITY?
- The 990 for the year ended December 31, 2024 names CHRISTIE PEALE.
- Who are the officers and directors of THE CENTER FOR NEW YORK CITY?
- The 990 for the year ended December 31, 2024 lists 23 people; 7 received compensation from the organization, the highest $212,833 (CHRISTIE PEALE, EXECUTIVE DIRECTOR).
- How much revenue does THE CENTER FOR NEW YORK CITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,042,150, expenses of $36,915,641 and total assets of $125,382,376 at year end.
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