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NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY
NEW YORK CITY, NY · EIN 133098397 · Form 990 · FY2024 · NTEE L800 · Housing & Shelter · Large ($10M-$50M) · nhsnyc.org
revenue
$12.1M
expenses
$11.9M
net assets
$6.4M
employees
21
program ratio
91%
mission · from form 990

NHS REVITALIZES UNDERSERVED NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR HOMEOWNERSHIP EDUCATION, FINANCIAL ASSISTANCE, AND COMMUNITY LEADERSHIP.

profile · synthesized from sources

Neighborhood Housing Services of New York City (NHSNYC) strengthens underserved communities by expanding access to affordable homeownership and preserving existing housing. The organization provides homebuyer education, financial coaching, foreclosure prevention counseling, and downpayment assistance to low- and moderate-income New Yorkers. It also administers the city’s HomeFirst Downpayment Assistance Program and offers professional certification in apartment management.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $805K
    EDUCATION/COUNSELING: NHSNYC RECOGNIZES THAT EDUCATION IS CRITICAL IN ENCOURAGING OPPORTUNITY AND HELPING NEIGHBORHOOD RESIDENTS TAKE CONTROL OF THEIR LIVES. NHSNYC OFFERS A FULL RANGE OF EDUCATIONAL SERVICES DESIGNED TO HELP RESIDENTS OVERCOME BARRIERS AND ACHIEVE FIRST-TIME HOMEOWNERSHIP; HELP EXISTING HOMEOWNERS SUCCESSFULLY MAINTAIN AND IMPROVE THEIR HOMES; AND HELP HOMEOWNERS UNDERSTAND AND RESTRUCTURE THEIR DEBT TO REDUCE THE LIKELIHOOD OF FORECLOSURE.
  2. #2 $8.40M
    FACILITATED HOME ASSISTANCE: NHSNYC ADMINISTERS THE NEW YORK CITY HOUSING PRESERVATION AND DEVELOPMENT ("HPD") HOMEFIRST DOWNPAYMENT AND CLOSING COST ASSISTANCE GRANT PROGRAM FOR FIRST TIME HOMEBUYERS. ALL PROPERTIES PURCHASED MUST BE LOCATED WITHIN THE FIVE BOROUGHS OF NEW YORK CITY. THE GRANT AMOUNT IS UP TO $100,000. IN ADDITION, NHSNYC SOMETIMES RECEIVES PRIVATE FUNDING FROM STAKEHOLDERS TO ADMINISTER A DOWNPAYMENT AND CLOSING COST PROGRAM.
named programs · 5 · from sources

What they call their work

Estate Planning Program
Provides workshops and counseling on wills, trusts, power of attorney, healthcare proxies, and heirs’ property planning to help homeowners protect their assets and legacy.
Financial Education and Coaching
Offers seminars and personalized coaching to strengthen financial health, including budgeting, debt reduction, credit improvement, and savings strategies.
HPD HomeFirst Downpayment and Closing Cost Assistance Program
Administers New York City’s downpayment assistance program, offering qualified first-time homebuyers up to $100,000 in grants for homes in the five boroughs, contingent on completing homeownership education and counseling.
Homeownership Education and Counseling
Provides pre-purchase education, one-on-one counseling, and financial coaching to help first-time homebuyers understand the homebuying process, improve credit, and qualify for financing and downpayment assistance.
RAM Certification (Registered in Apartment Management)
Professional certification program for property managers in market-rate, affordable, condominium, and cooperative housing, offering training, industry recognition, and career advancement.
activities · 4 groups

What they do

  • First-Time Homebuyer Support Services 5 activities
    • Administer citywide homeownership and preservation grant programs
      Secures and administers public and private funding for homeownership and housing preservation, including managing grant programs such as HomeFirst and securing over $68 million in resources for Brooklyn residents.
    • Administer homeownership education and counseling programs
      Provides homeownership education, pre-purchasing counseling, and financial coaching to prospective and current homeowners across New York City. Offers in-person and online courses, including an 8-hour homebuyer education seminar and a self-paced online course (e-Home), with certificates awarded upon completion.
    • Offer foreclosure and financial counseling services
      Provides foreclosure intervention, financial counseling, and financial education seminars focused on debt reduction, credit improvement, and money management for homeowners and renters in New York City.
    • Originate affordable mortgage loans for home purchases
      Provides affordable mortgage loans of up to $250,000 for the purchase of condominiums and cooperative units, along with downpayment and closing-cost grants to eligible first-time homebuyers.
    • Provide downpayment and closing cost assistance to first-time homebuyers
      Administers the HPD HomeFirst Downpayment and Closing Cost Assistance Program, providing qualified first-time homebuyers with grants of up to $100,000 to support home purchases in New York City.
  • Professional Training for Real Estate and Building Practitioners 2 activities
    • Deliver property-specific education and training for landlords and property managers
      Offers in-person and webinar-based education for landlords and property managers, including a 2-hour Landlord Education webinar for owners of 2–4 unit properties and professional certification programs covering legal responsibilities, property operations, and management of residential, commercial, and mixed-use properties.
    • Provide professional certification and capacity building for property managers
      Offers a professional certification program (RAM) for property managers in market-rate, affordable, and cooperative housing, including training, technical assistance, and ongoing access to tools and resources. Maintains a professional advisory committee to ensure program quality and industry alignment.
  • Home Repair Assistance for Low-Income Households 1 activity
    • Provide home repair and rehabilitation financing
      Offers multiple loan and grant programs for home repairs, including the Reimagining Home Repair Grant (up to $7,500), HomeBridge Loan Program ($20,000–$30,000), and Rapid Repair Loan Program ($10,000 for urgent repairs such as boilers, roofs, and plumbing).
  • Uncategorized 1 activity
    • Deliver homeowner resiliency and insurance education services
      Offers free webinars and one-on-one counseling to help homeowners create emergency plans, improve home resiliency against extreme weather, understand home and flood insurance, and access trusted insurance agents.
financials · form 990 · fy2024
revenue
Total revenue$12.10M
Contributions & grants$10.84M90%
Program service revenue$1.07M9%
Investment income$107K1%
Other revenue$79K
expenses
Total expenses$11.93M
Program expenses91%
Admin / overhead7%
Fundraising2%
Salaries & benefits$2.01M
Grants paid out$8.34M
Largest expense lineCompensation
balance sheet
Total assets$17.21M
Cash$7.14M
Investments$0
Liabilities$10.79M
Net assets$6.42M
Liquid reserves7.2 mo
5 years on record · 2020–2024 · YoY revenue +18.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
YUEJUAN WENG CFAO (FORMER) EFF. 12/31/24 35 $230K
NEDRA CAMPBELL DIRECTOR OF PROGRAMS AND O 35 $125K
MARITA R BANKHEAD DIRECTOR OF LENDING 35 $118K
EILEEN PRIMO DIRECTOR OF HOMEOWNERSHIP 35 $117K
DERRICK GRIGGS CEO (FORMER) EFF. 4/30/24 35 $104K
TONYA ORES CEO EFF. 11/4/24 35 $54K
board members · 15
  • ADAM DEJAK — MEMBER
  • DAVID BAGATELLE — PRESIDENT
  • DONALD E TOM — TREASURER
  • ERIK SHUMAR — MEMBER
  • EUSTACE GREAVES JR LUTCF — MEMBER
  • GERRALD ELLIS — MEMBER
  • JAMIE THOMAS — BOARD SECRETARY
  • JOHN ABRAMO — MEMBER
  • MANUTOSH MARTHUR — MEMBER
  • MARK D PODGAINY — MEMBER
  • MICHAEL P KING — MEMBER
  • MOSES GATES — VICE PRESIDENT
  • REBECCA GILMAN CRIMMINS — MEMBER
  • SCOTT GOLD — MEMBER
  • SUSAN CULLEN — MEMBER
relationships · 20

Who they work with

  • Carver Community Development Corporation Partner — Tonya Ores serves on the advisory board.
  • District Council 37 Partner — Operates a counseling center in District Council 37's Lower Manhattan office serving municipal employee union members.
  • Federal government Government — Federally certified as a Community Development Financial Institution (CDFI).
  • Kings County Hospital Partner — Tonya Ores serves on the advisory board.
  • NYC Department of Housing Preservation and Development Government — Received funding through the HomeWorks and StoreWorks programs to support property redevelopment.
  • NYS Neighborhood Preservation Coalition Network — Tonya Ores serves as Board President.
  • NeighborWorks America Network — Member of the NeighborWorks America Network, formerly coordinated under the Neighborhood Reinvestment Corporation (NRC).
  • NeighborWorks America Network — Uses NeighborWorks America's curriculum "Realizing the American Dream" for its homebuyer education classes.
  • NeighborWorks® America Network — Chartered member of NeighborWorks America network.
  • Neighborhood Property Owners Club Partner — Membership-based program providing ongoing support to property owners; NHSNYC hosts and delivers services through this platform.
  • Neighborhood Restore HDFC Partner — Tonya Ores serves on the advisory board.
  • New York City Department of Housing Preservation & Development Government — Administers HPD's HomeFirst Downpayment and Closing Cost Assistance Program on behalf of the agency.
  • New York City Housing Preservation and Development Government — Partners with HPD to administer the HomeFirst downpayment and closing cost assistance grant program for first-time homebuyers.
  • RAM Advisory Committee Partner — Collaborates with NHSNYC to provide strategic guidance and professional oversight for the RAM certification program.
  • Transport Workers Union Partner — Operates a satellite counseling office within the Transport Workers Union Counseling Center in the North Bronx.
  • U.S. Department of Housing and Urban Development Government — Approved as a Housing Counseling Agency by HUD.
  • U.S. Department of Housing and Urban Development Government — Received subsidies through the Hope VI program to redevelop abandoned homes and mixed-use properties.
  • U.S. Department of the Treasury Government — Federally certified as a Community Development Financial Institution (CDFI), indicating affiliation with the CDFI Fund under the U.S. Department of the Treasury.
  • like-minded, mission-driven organizations Partner — Partners with mission-driven organizations to expand reach and support more families and residents through community events.
  • trusted insurance agents Partner — Provides referrals to trusted insurance agents for clients seeking coverage.
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.

  • Asset and Wealth Preservation through Integrated Legal and Financial Counseling
    methodology: integrated estate planning
    By integrating estate planning with financial and foreclosure counseling, the organization helps homeowners protect assets and build generational wealth, because legal preparedness prevents displacement and ensures long-term stability.
  • Barrier-Reduced Access to Home Repair and Ownership
    methodology: credit-barrier-reduction
    By removing credit score requirements and targeting underserved populations with tailored financing, the organization increases access to homeownership and repair resources, because traditional credit barriers disproportionately exclude low-income and marginalized households.
  • Education-First Approach to Homeownership
    methodology: education-first approach to homeownership
    By providing pre-purchase education and counseling, the organization builds clients' knowledge and confidence to make informed decisions, because foundational education increases preparedness and long-term success in homeownership.
  • Integrated Homeownership and Financial Empowerment
    methodology: integrated_financial_housing_services
    By combining financial literacy, counseling, and affordable lending, the organization empowers low- and moderate-income residents to achieve and sustain homeownership, because integrated support addresses both financial readiness and structural barriers to access.