named programs · 7 · from sources
What they call their work
ADU For You Program
Provides technical assistance and resources to NYC homeowners exploring legal ADU construction, including guidance on permits, financing, and design.
Cluster Housing Conversion Program
Converts emergency homeless shelters into permanently affordable, rent-regulated housing for formerly homeless families in partnership with DHS and HPD.
HomeFix Program
Offers affordable, low-interest, and forgivable home repair loans to owner-occupants of 1- to 4-family homes in NYC, administered in partnership with the Center for New York City Neighborhoods and HPD.
Neighborhood Pillars Program
Supports nonprofit organizations in acquiring and preserving affordable housing in privately owned multi-family properties across NYC to prevent displacement and maintain affordability.
Open Door Program
Facilitates homeownership by acquiring City-owned infill sites, overseeing rehabilitation, and transferring homes to qualified low- and moderate-income buyers.
Plus One Accessory Dwelling Unit (ADU) Program
Provides low- or no-interest loans and technical assistance to low- and moderate-income homeowners in NYC to build or convert ADUs on their properties, increasing housing supply and homeowner income.
Small Homes Rehab – NYCHA Program
Acquires vacant 1- to 3-family homes from NYCHA and HPD, rehabilitates them, and sells them to low- to moderate-income families at affordable prices.
activities · 6 groups
What they do
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Affordable Home Construction & Rehabilitation 1 activity
- Creation of affordable homeownership opportunitiesDevelops and preserves affordable housing by creating homeownership opportunities for low- and moderate-income households through citywide partnerships, including participation in a city-administered lottery to select qualified buyers.
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Home Repair Assistance for Low-Income Households 1 activity
- Home repair and rehabilitation for low-income homeownersAdministers the NRNYC Home Repair Program and other initiatives that provide affordable, low-interest, and forgivable loans to repair homes damaged by disasters or deterioration, completing repairs in over 501 homes in neighborhoods like Far Rockaway, Queens.
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First-Time Homebuyer Support Services 1 activity
- Homebuyer support and financial literacy servicesPartners with HUD-approved counseling agencies to provide financial literacy training, mortgage product guidance, and downpayment assistance to first-time homebuyers, and distributes a homeowner manual to support new homeowners.
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Land Bank Property Revitalization 1 activity
- Neighborhood stabilization through property managementOversees the stabilization, management, and rehabilitation planning of tax-foreclosed and distressed properties to support safe, affordable housing and prevent blight in New York City.
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Affordable Housing Development and Management 1 activity
- Rehabilitation and resale of distressed and abandoned propertiesAcquires, rehabilitates, and sells vacant, foreclosed, or abandoned 1- to 4-family homes to low- and moderate-income households through programs like ACA and REO, with compliance to federal, state, and local regulations. Over 160 homes have been sold through these efforts.
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Uncategorized 2 activities
- Construction management and technical assistance for housing projectsProvides construction monitoring, plan and cost analysis, and technical assistance for residential rehabilitation projects, including multifamily buildings damaged by Hurricane Sandy under the Build it Back program.
- Post-disaster housing recovery coordinationCoordinates the acquisition, demolition, rehabilitation, and resale of homes substantially damaged by Hurricane Sandy, including managing repair work for multifamily buildings through city-administered programs.
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financials · form 990 · fy2024
revenue
Total revenue$533K
Contributions & grants$33K6%
Program service revenue$501K94%
Investment income$00%
Other revenue$0
expenses
Total expenses$348K
Program expenses67%
Admin / overhead33%
Fundraising0%
Salaries & benefits$0
Grants paid out$33K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.09M
Cash$1.09M
Investments$0
Liabilities$111K
Net assets$975K
Liquid reserves37.5 mo
5 years on record · 2020–2024 · YoY revenue -21.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| SALVATORE D'AVOLA | ASSISTANT SECRETARY | 6 | $301K |
board members · 5
- HAROLD SHULTZ — PRESIDENT
- MICHAEL WADMAN — VICE PRESIDENT
- TATIANA PENA — SECRETARY
- VICTORIA BARRECA — TREASUTER
- XIOMARA PEDRAZA — OUTGOING DIRECTOR
relationships · 27
Who they work with
- Center for New York City Neighborhoods Partner — Lead administrator of the HomeFix Program, in partnership with Restored Homes.
- Coalition for Affordable Homes Network — Restored Homes is a member of this partnership advocating for initiatives to support middle- and working-class homeowners in New York City.
- Enterprise Community Partners Partner — Partner in the HomeFix Program alongside Restored Homes and the Center for New York City Neighborhoods.
- Enterprise Community Partners, Inc. Network — Neighborhood Restore and its affiliates are supporting organizations of Enterprise.
- Housing Connect NYC Partner — Directs applicants to Housing Connect NYC for affordable homeownership lotteries and application processing
- Local Initiatives Support Corporation Network — Neighborhood Restore and its affiliates are supporting organizations of LISC.
- Local Initiatives Support Corporation Partner — Collaborates with Restored Homes on Hurricane Sandy housing recovery efforts.
- NRNYC Partner — Collaborates on the Home Repair Program to rehabilitate homes in Far Rockaway, Queens.
- Neighborhood Revitalization NYC Partner — Partners with Restored Homes on Hurricane Sandy recovery efforts including the NRNYC Home Repair Program.
- New York City Department of Housing Preservation and Development Government — Co-administers the lottery process for selecting potential homebuyers.
- New York City Department of Housing Preservation and Development Government — Collaborates on multiple housing programs including the Third Party Transfer Program, Small Homes Rehab – NYCHA Program, and Open Door Program.
- New York City Department of Housing Preservation and Development Government — Collaborates on programs to transition abandoned properties to responsible ownership.
- New York City Department of Housing Preservation and Development Government — Collaborates with Restored Homes on homeownership programs and the Plus One ADU Program.
- New York City Housing Authority Government — Partners with Restored Homes to acquire and rehabilitate vacant single-family foreclosed homes through the Small Homes Rehab – NYCHA Program.
- New York City Housing Authority Government — Transfers ownership of vacant homes to Restored Homes for rehabilitation.
- New York Housing Conference Coalition — Executive Director serves on advisory board of this coalition advocating for affordable housing for all New Yorkers.
- New York Mortgage Coalition Network — Restored Homes is a member of this coalition dedicated to helping low- and moderate-income households become first-time homebuyers.
- New York State Housing and Community Renewal Government — Funds the Plus One ADU Program and collaborates on homeownership initiatives.
- Restored Homes Housing Fund Development Corporation Partner — Operates as an affiliate entity to provide affordable homeownership opportunities.
- Restoring Urban Neighborhoods, LLC Partner — Operates as an affiliate entity to provide affordable homeownership opportunities.
- US Department of Housing and Urban Development Government — Partner in administering homeownership programs.
- United States Department of Housing and Urban Development Government — Approves partner agencies that provide homeownership counseling and financial literacy services.
- United States Department of Housing and Urban Development Government — Partners with HUD-approved counseling agencies to deliver homeownership services.
- United for Housing Coalition — Neighborhood Restore and its affiliates are members of this coalition focused on addressing affordable and supportive housing shortages in New York City.
- community partners Partner — Works with community partners in implementing affordable homeownership programs.
- government Government — Collaborates with government entities in affordable housing development and preservation programs.
- lenders Partner — Partners with lenders to support affordable housing development and preservation programs.
strategies · 5
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.
- Accessory Dwelling Unit (ADU) Facilitationmethodology: financial-and-technical-assistanceBy providing financial incentives and technical assistance, the organization enables homeowners to build or convert accessory dwelling units, because targeted support lowers barriers to ADU development and expands affordable housing supply within existing neighborhoods.
- Comprehensive Homebuyer Support Modelmethodology: comprehensive homebuyer supportBy integrating homebuyer counseling, financial literacy training, and foreclosure prevention into homeownership programs, the organization increases the sustainability of homeownership for low- and moderate-income families, because education and technical support reduce default risk and build long-term financial resilience.
- Housing Rehabilitation as Community Stabilizationmethodology: community_restoration_through_housing_rehabilitationBy acquiring and rehabilitating distressed and abandoned properties, the organization prevents neighborhood blight and promotes long-term community stability, because physical revitalization of housing stock strengthens neighborhood cohesion and preserves affordable housing.
- Interim Ownership for Cooperative Conversionmethodology: interim-ownership-for-cooperative-conversionBy serving as interim owner of city-owned properties, the organization enables the development of low-income cooperatives, because temporary stewardship reduces transaction barriers and aligns public and nonprofit goals to expand long-term affordable housing options.
- Partnership-Driven Affordable Homeownershipmethodology: partnership-driven_rehabilitationBy leveraging partnerships with government agencies, lenders, and HUD-approved counseling organizations, the organization expands access to affordable homeownership and financial literacy, because collaborative networks increase resource capacity and program reach for low- and moderate-income first-time homebuyers.