named programs · 5 · from sources
What they call their work
Green Lending Program
Finances energy-efficient and sustainable building projects, including retrofits and new construction of affordable, environmentally sound housing
Newburgh Housing Report
Produces data-driven housing policy recommendations and frameworks in partnership with local governments and community stakeholders
Rental/Supportive Housing Lending
Provides financing for rental and supportive housing developments targeting low-income and vulnerable populations in New York
STRIDE Program
Supports real estate developer entrepreneurs through flexible lending and technical assistance to advance community-driven development
Technical Assistance
Offers free pre-development support including help with design, engineering, legal fees, appraisals, and land surveys to nonprofit developers
activities · 3 groups
What they do
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Urban Policy and Equity Research 1 activity
- Conducting research and publishing data-driven housing policy recommendationsConducts in-depth research studies on housing and real estate issues, producing actionable reports and policy frameworks—such as assessments for Newburgh and Yonkers—that include best practices, goals, and strategic action steps to address unmet housing needs and prevent displacement.
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Affordable Home Construction & Rehabilitation 1 activity
- Developing affordable homes and community facilities through direct investment and partnershipDirectly develops affordable homes, purpose-built shelters, and spaces for vital community services by partnering with nonprofit organizations and providing hard-to-obtain financing for project initiation and completion.
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Flexible Grants to Grassroots Organizations 1 activity
- Funding community development projects in affordable housing, education, health, and economic developmentProvides financing through loans and investments to support the creation and expansion of affordable homes, childcare centers, charter public schools, health centers, and economic development facilities across five states. Has invested $175 million directly and leveraged $1 billion in total capital for community development.
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financials · form 990 · fy2024
revenue
Total revenue$15.77M
Contributions & grants$9.06M57%
Program service revenue$6.20M39%
Investment income$510K3%
Other revenue$4K
expenses
Total expenses$5.53M
Program expenses87%
Admin / overhead12%
Fundraising1%
Salaries & benefits$2.03M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$136.48M
Cash$31.17M
Investments$103.41M
Liabilities$91.80M
Net assets$44.68M
Liquid reserves292.1 mo
5 years on record · 2020–2024 · YoY revenue +59.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MR GREGORY MAHER | EXECUTIVE DIRECTOR | 40 | $322K |
| MR JOSE RIVERA | FINANCE DIRECTOR | 40 | $194K |
| MR KEVIN MCQUEEN | DIRECTOR OF LENDING | 40 | $175K |
| MS SOHAM DHESI | SENIOR INVESTMENT OFFICER | 40 | $174K |
| MS KAYLA JEFFREY | SENIOR INVESTMENT OFFICER | 40 | $123K |
| MS MARYANN SORESE | IMPACT MEASUREMENT & COMPLIANCE OFFICER | 40 | $114K |
| MS HELEN DAVIS | LOAN MANAGER | 40 | $113K |
board members · 17
- MR DAN LETENDRE — BOARD MEMBER
- MR JONATHAN HUMMEL — BOARD MEMBER
- MR JONATHAN VAZCONES — BOARD MEMBER
- MR JOSEPH REILLY — BOARD MEMBER
- MR RONALD ROSADO ABAD — BOARD TREASURER
- MS ARIEL GARCIA — BOARD MEMBER
- MS BECKY KOCH — BOARD MEMBER
- MS DARLENE ROBINSON — BOARD VICE PRESIDENT
- MS ELAINE DOVAS — BOARD MEMBER
- MS ELIZABETH TORRES — BOARD MEMBER
- MS JUSTINE MCPHERSON — BOARD MEMBER
- MS MARIA FERREIRA LMSW — BOARD MEMBER
- MS MELODY MARAVILLAS — BOARD MEMBER
- MS SHONA ST ANGELO — BOARD MEMBER (UNTIL 5/2024)
- SR ELLENRITA PURCARO OP — BOARD SECRETARY
- SR PEGGY SCARANO OP — BOARD MEMBER
- SR ROSEMARY JEFFRIES RSM — BOARD PRESIDENT
relationships · 9
Who they work with
- JPMorgan Chase Foundation Funder — Provided charitable support for the Yonkers housing policy study.
- Kevin Dwarka LLC Partner — Land use and economic consulting firm that collaborated on the Yonkers Housing Report.
- Land for the Common Good Partner — Collaborative research initiative on equitable land use
- Newburgh Housing Report Partner — Collaborative research project on housing in Newburgh
- Newburgh Planning Department Partner — Collaborated on the Newburgh Housing Report through joint participation and data sharing.
- Tri-State Coalition for Responsible Investment Network — Original coalition of religious leaders that convened to form the fund.
- Yonkers Housing Report Partner — Collaborative research project on housing in Yonkers
- YouTube Partner — Hosts organizational videos on its YouTube channel.
- nonprofit partners Partner — Collaborates with nonprofit organizations to develop affordable housing and community service facilities.
strategies · 4
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-Engaged Research and Policy Developmentmethodology: community_engaged_policy_developmentBy conducting research and shaping policy through inclusive resident engagement—such as dual-language surveys and direct outreach—the organization ensures solutions reflect local needs because authentic participation leads to more equitable and effective housing and development outcomes.
- Faith-Based Community Investment Modelmethodology: faith_based_community_investmentBy pooling capital from religious congregations and investing it through a faith-rooted framework, the organization enables community-led economic development because shared moral values strengthen commitment, trust, and long-term engagement in underserved communities.
- Impact Investing for Long-Term Stabilitymethodology: impact_investingBy deploying targeted investments in affordable housing, community facilities, and economic development projects, the organization fosters lasting community stability because place-based financial intervention generates measurable social returns over time.
- Integrated Capital and Advocacy for Community Healthmethodology: integrated_capital_and_advocacyBy combining flexible financing, technical support, and policy advocacy, the organization drives sustainable community health and economic growth because financial resources alone are insufficient without systemic change and localized expertise.