irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $265KSCHAP - SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAMTHE PARODNECK FOUNDATION'S SENIOR CITIZEN HOMEOWNER ASSISTANCE PROGRAM (SCHAP) PROVIDES FINANCIAL ASSISTANCE TO SENIOR CITIZEN HOMEOWNERS WHO ARE LIVING IN PHYSICALLY DETERIORATED HOUSING. THE PROGRAM, WHICH HAS BEEN IN OPERATION SINCE 1986, PROVIDES NO- AND LOW-INTEREST LOANS AND EXTENSIVE TECHNICAL ASSISTANCE TO QUALIFIED HOMEOWNERS WITH AN EMPHASIS ON SENIOR CITIZENS. THIS SUPPORT ENABLES SENIORS/HOMEOWNERS TO RETAIN THEIR HOMES AND IMPROVE THEIR LIVING CONDITIONS, THEREBY HELPING THEM AVOID FINANCIAL INSOLVENCY, DISPLACEMENT, AND/OR LOSS OF INDEPENDENCE.
named programs · 3 · from sources
What they call their work
CATCH Management Program
Provides fiscal and administrative services to Community Assisted Tenant Controlled Housing, Inc. (CATCH), which develops and preserves affordable, resident-controlled housing in underserved neighborhoods across New York City.
SCHAP - Senior Citizen Homeowner Assistance Program
Provides no- and low-interest loans and technical assistance to low-income senior homeowners in New York City for home repairs and improvements, helping them avoid displacement and maintain independence.
Senior Wellness and Engagement Events
Hosts cooking classes, resource fairs, and cultural outings for seniors to promote healthy living, social connection, and access to community services.
activities · 6 groups
What they do
-
Affordable Housing Development and Management 2 activities
- Fund and support affordable housing development through fiscal and administrative servicesProvides fiscal and administrative support to CATCH, Inc., enabling the development and operation of over 900 units of affordable housing in the Bronx, Brooklyn, and Manhattan.
- Restore abandoned or deteriorated buildings for resident-controlled affordable housingArranges and oversees the rehabilitation of abandoned or dilapidated buildings for conversion into resident-controlled affordable housing, having restored nearly 800 units across 50 buildings in neighborhoods including Washington Heights, Central Harlem, and Crown Heights, mobilizing over $77 million in public and private investment.
-
-
Community Resource Navigation and Support Services 1 activity
- Host community events and resource fairs for older adultsHosts events such as the Older Adults Resource Fair and weekly office hours to connect seniors with information and services from community organizations, nonprofits, healthcare providers, and public agencies, including assistance applying for home repair and assistance programs.
-
-
Senior Social & Enrichment Programming 1 activity
- Organize senior engagement and wellness activitiesOrganizes recreational and wellness activities for seniors, including cooking classes for healthy snacks and special outings such as attending performances at Hunterdon Hills Playhouse, as well as seasonal safety giveaways like shovels and salt spreaders.
-
-
Neighborhood Revitalization Initiatives 1 activity
- Provide financial and technical support to community groups combating building abandonmentProvides small grants, technical advice, and low-interest or no-interest loans to community groups and tenants working to combat building abandonment in New York City neighborhoods.
-
-
Home Repair Assistance for Low-Income Households 1 activity
- Provide no- and low-interest loans and technical assistance for senior homeowner home repairsOffers no- and low-interest loans up to $20,000 and technical assistance to senior homeowners in physically deteriorated housing in New York City, including through a structured home repair loan program with applicant interviews, inspections, contractor selection, construction oversight, and final payment authorization. The program has assisted over 2,000 homeowners since 1986.
-
-
Uncategorized 1 activity
- Fund housing initiatives through asset transfersTransferred $500,000 in assets from the Consumer-Farmer Milk Cooperative to the Consumer-Farmer Foundation in 1970 to support housing initiatives for low-income New Yorkers.
-
financials · form 990 · fy2024
revenue
Total revenue$1.07M
Contributions & grants$393K37%
Program service revenue$621K58%
Investment income$53K5%
Other revenue$7K
expenses
Total expenses$1.07M
Program expenses76%
Admin / overhead24%
Fundraising0%
Salaries & benefits$696K
Grants paid out$1K
Largest expense lineCompensation
balance sheet
Total assets$16.44M
Cash$1.77M
Investments$12.00M
Liabilities$12.54M
Net assets$3.90M
Liquid reserves154.9 mo
4 years on record · 2020–2024 · YoY revenue +6.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| THOMASINA WHITE | EXECUTIVE DIRECTOR | 30 | $155K |
| HAROLD DERIENZO GEN COUNSEL | DIR. OF COMPLIANCE, ASST. TREAS./SEC. | 15 | $89K |
board members · 5
- DWAYNE JONES — SECRETARY
- IRMA RODRIGUEZ — CHAIRPERSON
- RICK ROBERTO — BOARD MEMBER
- TRACEY WRIGHT — BOARD MEMBER
- WILLIAM HILTON — BOARD MEMBER
relationships · 46
Who they work with
- Association for Neighborhood and Housing Development (ANHD) Partner — Coalition and capacity-building partner supporting neighborhood housing groups
- Brownsville Think Tank Matters Partner — Partnered with The Parodneck Foundation to distribute winter safety tools in NYC.
- CATCH Partner — Co-organized a senior outing to Dr. K’s Motown Revue at Hunterdon Hills Playhouse.
- CATCH, Inc. Partner — Provides fiscal and administrative services to CATCH, Inc., which develops and manages affordable housing in New York City.
- City Limits Magazine Partner — Local media and research partner focused on housing and urban policy in NYC
- Community Assisted Tenant Controlled Housing, Inc (CATCH) Partner — Affiliated program that arranges and oversees building rehabilitation for resident control.
- Community Assisted Tenant Controlled Housing, Inc. Partner — Shares office address and contact information with The Parodneck Foundation, indicating a close operational relationship.
- Consumer Financial Protection Bureau Partner — Partner agency providing consumer financial resources related to housing
- Consumer-Federation of America Network — Meyer Parodneck joined the Consumer-Federation of America during his work on consumer rights and cooperative economic models.
- Councilman Chris Banks Partner — Co-hosted a winter safety tool giveaway event with The Parodneck Foundation.
- East Flatbush Village Partner — Partnered with The Parodneck Foundation to support a winter safety tool giveaway in NYC.
- Fannie Mae Partner — Partner providing loan lookup services for homeowners
- Freddie Mac Partner — Partner providing loan lookup services for homeowners
- Gotham Gazette Partner — Local media and policy partner covering urban affairs in NYC
- Jamaica Service Program for Older Adults Partner — Service provider partner supporting older adults in Jamaica, Queens
- Making Home Affordable Programs Partner — Government-affiliated program partner offering mortgage assistance
- Neighborhood Economic Development Advocacy Project (NEDAP) Partner — Advocacy and legal support partner for economic development and housing
- New York City Community Boards Government — Local governance bodies partner in community planning and input
- New York City Council Government — Legislative body partner in housing and community development policy
- New York City Councilmember Chris Banks Partner — Collaborated with The Parodneck Foundation to host the Older Adults Resource Fair.
- New York City Department of City Planning Government — City planning agency partner in land use and development policy
- New York City Department of Housing Preservation and Development Government — Key municipal agency partner in housing development and policy
- New York City Housing Development Corporation Government — Public corporation partner in financing affordable housing
- New York City Office of Management and Budget Government — City budgeting and financial planning partner
- New York State Attorney General Home Protection Program Government — State-level partner program offering legal and financial protection for homeowners
- Pratt Center for Community Development Partner — Community development and planning partner organization
- Queens Legal Services Partner — Legal aid partner serving Queens residents in housing matters
- South Brooklyn Legal Services Partner — Legal services partner providing housing-related legal aid
- TenantNet Partner — Online tenant resource and advocacy partner
- Tenants and Neighbors Partner — Advocacy and tenant support organization partner in NYC
+ 16 more
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.
- Community-Driven Development and Engagementmethodology: community-driven developmentBy centering tenant and community groups in housing development and neighborhood initiatives, we produce sustainable change because local leadership ensures culturally appropriate, equitable solutions and strengthens collective agency.
- Integrated Financial and Technical Assistance for Homeownership Preservationmethodology: homeowner-preservationBy combining no- and low-interest forgivable loans with hands-on technical assistance, we prevent senior homeowner displacement and improve housing conditions because financial support alone is insufficient without tailored guidance to navigate repairs, maintenance, and financial instability.
- Self-Help and Mutual Housing Modelmethodology: mutual_housingBy supporting low- and moderate-income residents to collectively own, manage, and preserve their housing through self-help, mutual aid, and cooperative governance models, we produce long-term affordability and community stability because resident control increases stewardship and prevents displacement.