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STANTON NORFOLK INC
NEW YORK, NY · EIN 261880608 · Form 990 · FY2024 · NTEE L21 · Housing & Shelter · Medium ($1M-$10M)
revenue
$4.9M
expenses
$5.1M
net assets
$4.2M
employees
75
program ratio
73%
mission · from form 990

STANTON NORFOLK INC., ("STANTON") WAS ESTABLISHED TO PROMOTE AFFORDABLE HOUSING BY ASSISTING TENANTS TO OBTAIN AND MAINTAIN QUALIFICATION FOR GOVERNMENT AND PRIVATE HOUSING ASSISTANCE PROGRAMS, ACTING AS LIAISON BETWEEN TENANTS AND BUILDING OWNERS, AND CRAFTING SOLUTIONS TO ALLOW TENANTS WITH FINANCIAL OR OTHER PROBLEMS TO AVOID EVICTION. STANTON MANAGES ALL OF ITS PARENT ORGANIZATION, ASIAN AMERICANS FOR EQUALITY, INC.'S ("AAFE") HOUSING DEVELOPMENTS. CURRENTLY, STANTON OVERSEES IN EXCESS OF 500 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN. AAFE AND ITS LIMITED PARTNERSHIPS HAVE ENTERED INTO SEVERAL PROPERTY MANAGEMENT AGREEMENTS WITH STANTON TO PROVIDE FOR, AMONG OTHER MATTERS, TENANT ASSISTANCE, PROPERTY ADMINISTRATION, RENTAL MANAGEMENT AND REPAIR, AND STAFF SUPERVISION.

profile · synthesized from sources

Stanton Norfolk Inc. promotes affordable housing by helping tenants qualify for and maintain housing assistance programs, preventing evictions through financial and administrative support. It acts as a liaison between tenants and building owners and manages over 500 affordable housing units in Lower Manhattan. The organization serves as the property management arm of its parent organization, Asian Americans for Equality, Inc.

named programs · 3 · from sources

What they call their work

Eviction Prevention Services
Provides financial counseling, rent negotiation, and administrative support to tenants facing eviction due to financial hardship.
Property Management Services
Manages over 500 affordable housing units, including rental administration, maintenance coordination, and staff supervision on behalf of AAFE and its partnerships.
Tenant Assistance Program
Helps tenants obtain and maintain eligibility for government and private housing assistance, including applications, recertifications, and compliance support.
activities · 2 groups

What they do

  • Affordable Housing Development and Management 1 activity
    • Management of affordable housing units
      Manages over 500 affordable housing units in Lower Manhattan, providing ongoing operational oversight and tenant support services.
  • Tenant Legal Advocacy & Support Services 1 activity
    • Tenant support and eviction prevention services
      Assists tenants in qualifying for government and private housing assistance programs, acts as liaison between tenants and building owners, and develops solutions to prevent evictions for tenants facing financial or other challenges.
financials · form 990 · fy2024
revenue
Total revenue$4.89M
Contributions & grants$00%
Program service revenue$4.78M98%
Investment income$250%
Other revenue$107K
expenses
Total expenses$5.13M
Program expenses73%
Admin / overhead27%
Fundraising0%
Salaries & benefits$4.07M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$5.37M
Cash$3.57M
Investments$0
Liabilities$1.15M
Net assets$4.22M
Liquid reserves8.3 mo
4 years on record · 2020–2024 · YoY revenue -2.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
THOMAS YU PRESIDENT/EXECUTIVE DIRECT 3 $346K
HUI-YUAN NELSON CHAN TREASURER 1 $271K
HSUEH LAM YAN DIRECTOR, ASSET & PROPERTY MGMT. 24 $220K
MY T CHANG VP/CHIEF OF STAFF 1 $209K
JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER (OUTGOING) 1 $197K
YUN TIN SALLY NG MGR, ACCT & CONTROLLER 35 $147K
relationships · 1

Who they work with

  • ASIAN AMERICANS FOR EQUALITY, INC. Partner — Stanton Norfolk Inc. manages all housing developments of its parent organization, Asian Americans for Equality, Inc.
strategies · 1

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.

  • Tenant Support and Eviction Prevention
    methodology: tenant_support_and_eviction_prevention
    By assisting tenants with housing program qualifications, mediating between tenants and building owners, and creating tailored solutions for financial hardship, the organization enables low-income tenants to access and retain affordable housing because direct advocacy and customized financial interventions address structural and economic barriers to housing stability.