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CNY AFFORDABLE REALTY INC

SYRACUSE, NY · EIN 275102367 · Form 990 · FY2024 · NTEE L11 · Housing & Shelter · Small ($100K-$1M) · cnyaffordablerealty.org
revenue
$509K
expenses
$133K
net assets
$1.6M
employees
0
program ratio
99%
mission · from form 990

TO ASSIST FIRST-TIME HOMEBUYERS AND PROMOTE NEIGHBORHOOD REVITALIZATION EFFORTS.

profile · synthesized from sources

CNY Affordable Realty Inc is a nonprofit real estate brokerage in Syracuse, NY that supports first-time homebuyers and neighborhood revitalization. As an affiliate of Home HeadQuarters, Inc., it provides real estate services without sales quotas, focusing on affordable homeownership and the redevelopment of vacant or dilapidated properties in Central New York.

named programs · 3 · from sources

What they call their work

Certified Housing Counseling Referral
Directs clients to certified housing counseling and financial training through the HomeOwnership Center at Home HeadQuarters
First-Time Homebuyer Support
Provides real estate brokerage services tailored to first-time homebuyers, in coordination with Home HeadQuarters' education and counseling programs
Neighborhood Revitalization Initiative
Works to redevelop vacant and dilapidated properties through partnerships with the Greater Syracuse Land Bank and city agencies
activities · 2 groups

What they do

  • First-Time Homebuyer Support Services 1 activity
    • Providing homeownership opportunities for first-time homebuyers
      Offers support and services to first-time homebuyers, including real estate brokerage services without sales quotas, to promote homeownership and community stability in Central New York.
  • Land Bank Property Revitalization 1 activity
    • Rehabilitating vacant and dilapidated housing
      Collaborates with partners to rehabilitate vacant and deteriorated properties, returning them to productive use as part of neighborhood revitalization efforts.
financials · form 990 · fy2024
revenue
Total revenue$509K
Contributions & grants$00%
Program service revenue$482K95%
Investment income$26K5%
Other revenue$0
expenses
Total expenses$133K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.69M
Cash$1.57M
Investments$0
Liabilities$47K
Net assets$1.64M
Liquid reserves141.1 mo
5 years on record · 2020–2024 · YoY revenue +38.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
KERRY P QUAGLIA PRESIDENT/DIRECTOR 1 $219K
TRICIA BAUER CFO 1 $159K
KIM MCILLROY TREASURER/DIRECTOR 1 $125K
board members · 1
  • KIM DUPAK — SECRETARY/DIRECTOR
relationships · 4

Who they work with

  • CNY Fair Housing Partner — Partner organization promoting fair housing and equal access to housing opportunities in Central New York.
  • City of Syracuse Department of Neighborhood & Business Development Government — Works with the city department to support residential development and neighborhood enhancement in Syracuse.
  • Home HeadQuarters, Inc Partner — Affiliate organization with which it collaborates to advance homeownership and neighborhood improvement.
  • The Greater Syracuse Land Bank Partner — Collaborates to market and redevelop tax-delinquent and vacant properties for residential use.
strategies · 2

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.

  • Homebuyer Assistance for Neighborhood Revitalization
    methodology: homebuyer-assistance-for-revitalization
    By supporting first-time homebuyers, we produce neighborhood revitalization because increased owner-occupancy stabilizes communities, increases property maintenance, and fosters long-term investment in historically disinvested areas.
  • Housing Counseling for Homeownership
    methodology: housing_counseling_for_homeownership
    By providing certified housing counseling, we produce successful long-term homeownership among first-time buyers because it equips them with the financial literacy, credit readiness, and practical knowledge needed to navigate the homebuying process and sustain homeownership.