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RESTORING URBAN NEIGHBORHOODS LLC
NEW YORK, NY · EIN 264577399 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Small ($100K-$1M)
revenue
$262K
expenses
$1.0M
net assets
$-3.7M
employees
0
volunteers
8
program ratio
86%
mission · from form 990

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.

profile · synthesized from sources

RESTORING URBAN NEIGHBORHOODS LLC is a nonprofit organization based in New York City focused on preserving and creating affordable housing for low- and moderate-income residents. The organization works to prevent urban blight and promote community stabilization through housing development and preservation initiatives across the city. Its mission centers on expanding equitable housing opportunities and strengthening neighborhoods in NYC.

named programs · 1 · from sources

What they call their work

Affordable Housing Development and Preservation
Creates and preserves non-profit-owned housing projects for low- and moderate-income residents in New York City
activities · 2 groups

What they do

  • Neighborhood Revitalization Initiatives 2 activities
    • Community stabilization initiatives
      Engages in efforts to stabilize communities across New York City, likely through housing, safety, and neighborhood improvement programs.
    • Neighborhood blight prevention and elimination
      Works to prevent and eliminate blight in neighborhoods across New York City through physical improvements and community-based interventions.
  • Affordable Housing Development and Management 1 activity
    • Preservation and development of affordable housing
      Preserves and creates housing projects for low- and moderate-income individuals in New York City.
financials · form 990 · fy2024
revenue
Total revenue$262K
Contributions & grants$665K254%
Program service revenue$00%
Investment income$-3.68M-1407%
Other revenue$3.28M
expenses
Total expenses$1.02M
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$0
Grants paid out$665K
Largest expense lineProfessional Fees
balance sheet
Total assets$6.76M
Cash$6.76M
Investments$0
Liabilities$10.49M
Net assets$-3.73M
Liquid reserves79.3 mo
4 years on record · 2020–2024
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SALVATORE D'AVOLA ASSISTANT SECRETARY 2 $301K
board members · 8
  • ANNETTA SEECHARRAN — DIRECTOR
  • ARTURO SUAREZ — TREASURER
  • BRIAN SEGEL — PRESIDENT
  • CHRISTIE PEALE — DIRECTOR
  • JANE SILVERMAN — DIRECTOR
  • NICOLAS LEMBO — VICE PRESIDENT
  • TONYA ORES — DIRECTOR
  • VICTORIA ROWE BARRECA — SECRETARY
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.

  • Community Stabilization through Affordable Housing
    methodology: community_stabilization_through_affordable_housing
    By developing and preserving affordable housing and eliminating physical blight, the organization produces more stable urban neighborhoods because safe, accessible housing reduces displacement and fosters long-term community resilience.