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BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC
BUFFALO, NY · EIN 270580274 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Medium ($1M-$10M)
revenue
$2.8M
expenses
$1.0M
net assets
$5.0M
employees
8
volunteers
50
program ratio
94%
mission · from form 990

THE BUFFALO NEIGHBORHOOD STABILIZATION CORPORATION (BNSC) IS PUSH'S NONPROFIT HOUSING DEVELOPMENT CORPORATION, SPECIALIZING IN MANAGING AFFORDABLE RENTAL UNITS, LAND BANKING, PROPERTY STABILIZATION, GREEN INFRASTRUCTURE, LANDSCAPE MANAGEMENT, AND COMMUNITY PLANNING. BNSC STRIVES TO DECREASE THE RATE OF HOUSING ABANDONMENT BY RECLAIMING EMPTY HOUSES FROM NEGLECTFUL OWNERS AND REDEVELOPING THEM FOR OCCUPANCY BY LOW-INCOME RESIDENTS.

profile · synthesized from sources

BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC (BNSC) is a nonprofit housing development corporation focused on reducing housing abandonment in Buffalo, NY. It reclaims vacant and neglected properties, redevelops them into affordable rental units, and manages land banking and green infrastructure initiatives. BNSC also operates community gardens and rain gardens on vacant lots as part of neighborhood stabilization and environmental sustainability efforts.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $230K
    COMMUNITY DEVELOPMENTBNSC CONDUCTS COMMUNITY DEVELOPMENT ACTIVITIES WHICH INCLUDE LAND BANKING, PROPERTY STABILIZATION, GREEN INFRASTRUCTURE, LANDSCAPE MANAGEMENT AND COMMUNITY PLANNING PURPOSES. FOR FUTURE DEVELOPMENT PROJECTS, BNSC ACQUIRES AND HOLDS PROPERTIES. BNSC ALSO ACQUIRES AND HOLDS VACANT LOTS FOR NEIGHBORHOOD STABILIZATION PURPOSES. MANY OF THESE VACANT LOTS SERVE AS DEMONSTRATION PROJECTS SUCH AS COMMUNITY GARDENS (BNSC MANAGES CLOSE TO 50 COMMUNITY PLOTS IN TWO GARDENS) AND RAIN GARDENS TO ADDRESS STORM WATER MANAGEMENT. BNSC'S LANDSCAPE MANAGEMENT DEPARTMENT INCLUDES A WORK YARD FOR EQUIPMENT, TOOLS AND SUPPLIES STORAGE, A GREENHOUSE AND A NURSERY GARDEN FOR USE IN STORMWATER MANAGEMENT AND VACANT LOT MANAGEMENT.
  2. #2 $455K
    HOUSING DEVELOPMENTPUSH HAS DEVELOPED AN INNOVATIVE PROGRAM WITH DOCUMENTED EFFECTIVENESS TO ACQUIRE AND REHABILITATE RESIDENTIAL HOUSING AND VACANT LAND IN BUFFALO. THE PROGRAM HAS ACCOMPLISHED RENOVATIONS OF MULTIPLE UNITS. PUSH ALSO INTEGRATES "GREEN" DEVELOPMENT INTO EACH OF ITS DEVELOPMENT PROJECTS, INSTALLATION OF GREEN INFRASTRUCTURE SUCH AS ON-DEMAND WATER HEATERS, RADIANT FLOOR HEATING, SOLAR PANELS, AND GEOTHERMAL HEATING SYSTEMS. IN 2024 49 UNITS ACROSS 14 SITES WERE PUT INTO SERVICE.
named programs · 2 · from sources

What they call their work

Community Development
Engages in land banking, property stabilization, green infrastructure, landscape management, and community planning. Manages vacant lots as community gardens and rain gardens for stormwater management and neighborhood beautification.
Housing Development
Acquires, rehabilitates, and redevelops residential housing and vacant land in Buffalo, particularly on the West Side. Integrates green technologies such as solar panels, geothermal heating, and net-zero energy systems into renovations. Placed 49 units into service in 2024 across 14 sites.
activities · 2 groups

What they do

  • Community Stewardship Volunteer Programs 1 activity
    • Manage community garden plots for stormwater management
      Operates community garden plots as demonstration projects for stormwater management, with evidence of managing close to 50 plots in two gardens and 70 plots in four gardens.
  • Uncategorized 1 activity
    • Rehabilitate and place housing units into service
      Rehabilitated and placed 49 housing units into service across 14 sites in 2024.
financials · form 990 · fy2024
revenue
Total revenue$2.78M
Contributions & grants$1.74M63%
Program service revenue$1.04M37%
Investment income$310%
Other revenue$0
expenses
Total expenses$1.04M
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$313K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$5.80M
Cash$153K
Investments$622K
Liabilities$804K
Net assets$5.00M
Liquid reserves8.9 mo
3 years on record · 2020–2024 · YoY revenue +23.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAWN WELLS-CLYBURN VICE PRESIDENT 1 $88K
board members · 3
  • JIM ANDERSON — PRESIDENT
  • RAMONE ALEXANDER — TREASURER
  • SHIRLEY SARMIENTO — SECRETARY
relationships · 1

Who they work with

  • PUSH Partner — BNSC operates as PUSH's nonprofit housing development corporation, conducting housing and community development activities on its behalf.
strategies · 2

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.