irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $140KCURE SEEKS AND CREATES JOINT VENTURE PARTNERS TO APPLY FOR FUNDING FOR, AND IF SUCCESSFUL, TO DEVELOP AND CONSTRUCT AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS. THE PURPOSE OF THE PARTNERING IS TO HELP CURE SECURE THE RESOURCES AND EXPERTISE TO ASSIST CURE IN OBTAINING NECESSARY FINANCING, INCLUDING SUBSIDIES AND GRANTS AS WELL AS SKILLS TO ACQUIRE, CONSTRUCT, AND MANAGE THE DEVELOPMENT INCLUDING LEASING AND MANAGING THE BUILDINGS.CURE ALSO PROVIDES THE FOLLOWING SERVICES WHILE DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES: COMMUNITY OUTREACH AND ASSESSMENT, PARTICIPATION IN PROJECT DESIGN AND APPROVAL MEETINGS, COMPLIANCE WITH LOCAL MBE WBE CONTRACTORS HIRING REQUIREMENTS, OUTREACH, TRAINING AND PARTICIPATING IN LEASE UP AND MANAGEMENT ROLES.
named programs · 6 · from sources
What they call their work
Consultant Services
Provides MWBE compliance, local hiring, Section 3 contracting, and community outreach consulting for development projects
Home Improvement Grant Program
Administers grants for moderate-income homeowners in Westchester County, managing full renovation projects from contractor vetting to completion
New Construction
Develops new affordable housing projects, including multi-family and condominium units, with a focus on community integration and sustainable design
OSHA 30 Hour Training Program
Safety and health hazard recognition course for workers on construction sites to ensure compliance with federal OSHA standards
Property Management
Offers full property management services for multi-family rentals, condominiums, and vacant properties, including lease-up and board transition support
Renovations
Provides project management for rehabilitation of private homes and multi-family properties, ensuring compliance and quality oversight
activities · 5 groups
What they do
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Affordable Housing Development and Management 2 activities
- Develops and renovates affordable housing for low to moderate income householdsPlans, constructs, and manages affordable housing developments through joint venture partnerships, including securing financing, subsidies, and grants. Projects include the Lillie Pearl On The Hudson and a 12-unit condominium development on Warburton Avenue, with compliance oversight for MBE/WBE hiring and community integration.
- Provides property management and real estate transition servicesManages multi-family rentals, condominiums, and vacant properties, including marketing and sale of condo units and support for transitioning to Condominium Board Management.
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Neighborhood Revitalization Initiatives 2 activities
- Operates workforce training programs for community redevelopmentCreates and runs training initiatives that equip local residents with skills to participate in urban rehabilitation and redevelopment efforts, including OSHA-compliant safety training.
- Revitalizes commercial properties for community useRehabilitates and redevelops underutilized commercial buildings, such as the transformation of the old Gazette building on Main Street in Downtown Yonkers into Zuppa’s Restaurant.
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Campus Construction and Renovation Projects 1 activity
- Develops new construction projects using in-house resourcesCompletes new construction developments leveraging internal expertise, experience, and operational capacity.
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Home Repair Assistance for Low-Income Households 1 activity
- Offers home improvement grants for moderate-income homeownersAdministers a grant program that funds necessary home repairs and improvements for moderate-income homeowners in Westchester County.
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Uncategorized 1 activity
- Manages residential rehabilitation and construction projectsProvides end-to-end management of home renovation and new construction projects for private homeowners, multi-family properties, and investment developments in Westchester County, including contractor vetting, documentation, contract facilitation, and on-site supervision.
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financials · form 990 · fy2024
revenue
Total revenue$1.63M
Contributions & grants$437K27%
Program service revenue$206K13%
Investment income$985K61%
Other revenue$6
expenses
Total expenses$840K
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$193K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$901K
Cash$448K
Investments$0
Liabilities$34K
Net assets$868K
Liquid reserves6.4 mo
4 years on record · 2020–2024 · YoY revenue +175.7%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JAMES L SIMMONS JR | EXECUTIVE DIR/SECRETARY | 35 | $190K |
board members · 5
- JERRY JONES — BOARD MEMBER
- LAMOUNT BROWN — CHAIRPERSON
- LORRAINE COOPER — TREASURER
- RICHARD SHEAHAN — BOARD MEMBER
- WALTER JACOBS — BOARD MEMBER
relationships · 3
Who they work with
- JOINT VENTURE PARTNERS Partner — Collaborates with joint venture partners to apply for funding and develop affordable housing projects.
- Westchester County Government — Primary geographic focus for affordable housing development efforts.
- Yonkers Municipal Housing Authority Government — James L. Simmons served as a Board Commissioner appointed by the Mayor.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Led Redevelopment with Capacity Buildingmethodology: community_led_redevelopmentBy involving community residents directly in neighborhood redevelopment through work training programs, the organization fosters local ownership and builds long-term community capacity, because participation strengthens both individual empowerment and project sustainability.
- Equity-Focused Development Compliance Strategymethodology: equity_focused_developmentBy providing consultant services that ensure compliance with MWBE participation, local hiring, and Section 3 contracting requirements, the organization advances equitable economic opportunities, because structured compliance mechanisms direct resources to underrepresented communities.
- Leveraged Joint Venture Development Modelmethodology: joint_venture_developmentBy forming joint ventures, the organization secures funding and executes affordable housing projects through shared expertise and resources, because strategic partnerships reduce financial and operational barriers to development.