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STABLE HOME FUND
NEW YORK, NY · EIN 832693661 · Form 990 · FY2025 · NTEE W60 · Public & Societal Benefit · Medium ($1M-$10M) · stablehomefund.org
revenue
$6.3M
expenses
$3.3M
net assets
$2.7M
employees
0
volunteers
6
program ratio
97%
mission · from form 990

WE SEEK TO ELIMINATE RENT DEBT AND PROVIDE EARLY INTERVENTION ZERO-INTEREST, NO-FEE LOANS TO PREVENT EVICTIONS.

profile · synthesized from sources

Stable Home Fund provides zero-interest, no-fee microloans to prevent evictions for renters in financial distress across the United States. The organization partners with Esusu to verify rent debt and distribute funds directly to landlords. It serves tenants in over 1,000 properties across 46 states and Washington D.C., focusing on low-income, predominantly Black and Latinx households.

irs program accomplishments · form 990 part iii · fy2021

What they reported doing

  1. #1 primary $242K
    Provide zero interest rate micro-loans to individuals who need financial assistance meeting monthly rental payments.
named programs · 2 · from sources

What they call their work

Rent Relief Program
Provides zero-interest, no-fee microloans of up to three months' rent or $5,000 to renters in financial distress, distributed directly to landlords to prevent eviction.
Rent Relief Program Management
Offers turnkey administrative services for local funders and governments to design and operate rent relief programs, integrating application, underwriting, and servicing platforms.
activities · 3 groups

What they do

  • Emergency Rental Assistance and Eviction Prevention 1 activity
    • Administering rent relief programs with zero-interest micro-loans
      Provides zero-interest micro-loans to tenants to cover up to three months of rent or $5,000 (whichever is less), distributed directly to property managers or landlords, and recycles repaid funds to support additional households. The program operates across 46 states and Washington D.C., serving over 10,000 families and distributing over $16 million in rent relief since launching in 2020.
  • Affordable Housing Development and Management 1 activity
    • Operating multilingual application and loan servicing platforms
      Creates turnkey rent relief platforms that include application processing, underwriting, and loan servicing, offered in seven languages to ensure accessibility for diverse communities.
  • Impact Investing Knowledge & Technology Platforms 1 activity
    • Using data and AI to expand financial access for underserved communities
      Leverages data, AI, and financial expertise to design and scale high-quality financial products, specifically to support underserved populations through innovative rent relief solutions.
financials · form 990 · fy2025
revenue
Total revenue$6.27M
Contributions & grants$6.27M100%
Program service revenue$00%
Investment income$1100%
Other revenue$0
expenses
Total expenses$3.28M
Program expenses97%
Admin / overhead3%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$4.60M
Cash$913K
Investments$3.14M
Liabilities$1.91M
Net assets$2.69M
Liquid reserves14.8 mo
6 years on record · 2020–2025 · YoY revenue -13.4%
leadership · form 990 part vii · fy2025

Who runs it

board members · 5
  • ANTHONY HOLLAND — BOARD TREASURER
  • CAMERON ONUMAH — DIRECTOR
  • CARA KENNEDY-CUOMO — BOARD CHAIR
  • SAMIR GOEL — DIRECTOR
  • WEMIMO ABBEY — DIRECTOR
relationships · 6

Who they work with

  • Esusu Partner — Implementation partner that verifies applicant data and supports rent relief distribution.
  • Esusu Partner — Partner organization enabling rent payment reporting for the Rent Relief Loan Program.
  • Esusu Partner — Program administrator that facilitates landlord relationships and operates a rent reporting platform for credit score improvement and rent relief distribution.
  • esusurent.com Partner — Partner organization providing property-related services linked from the Stable Home Fund website.
  • governments Government — Collaborates to design and administer rent relief programs
  • local funders Partner — Collaborates to design and administer rent relief programs
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.

  • Early Intervention with Zero-Interest Microloans
    methodology: early_intervention_zero_interest_loans
    By providing zero-interest, no-fee microloans at the earliest sign of rental hardship, we prevent evictions and eliminate rent debt because timely financial intervention reduces the likelihood of cascading financial instability.
  • Landlord Incentivization for Housing Stability
    methodology: landlord_incentivization_for_housing_stability
    By using rent relief as an incentive for landlords, we maintain housing stability for vulnerable tenants because aligning landlord interests with tenant retention increases participation and reduces evictions.
  • Verified Rent Reporting to Prevent Fraud and Enable Access
    methodology: verified-rent-reporting
    By using third-party rent reporting data to verify eligibility, we ensure relief funds are distributed accurately and prevent displacement because reliable data reduces fraud and accelerates disbursement.