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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$8.3M
Program Spending
89%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$11.2M
Total Assets
$44.7M
Total Liabilities
▼$38.5M
Net Assets
$6.2M
Officer Compensation
→$594.4K
Other Salaries
$762.9K
Investment Income
$178.1K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $933K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
| NEW YORK, NY | $785K | Cash | TO PROVIDE CRITICAL HOUSING SUPPORT SERVICES | |
| NEW YORK, NY | $148K | Cash | TO ENABLE ENTITY TO PAY FOR PROGRAM COSTS | |
| Total | $933K | |||
$785K
NEW YORK, NY
$148K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.4M
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE. | $3.4M | FY2025 | Oct 2024 – — |
Department of the Treasury
$3.4M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $8.3M | $0 | $11.2M | $44.7M | $6.2M |
| 2023IRS e-File | $5.8M | $0 | $7.6M | $48M | $8.3M |
| 2022 | $9.7M | $0 | $5M | $42M | $8.4M |
| 2021 | $2.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Russell Lang | President & CEO | 20 | $386.6K | $0 | $1,732 | $388.4K |
| Erika Brandt | Chief Operating Officer | 20 | $204.5K | $0 | $1,490 | $206K |
| John Cahill | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| George Horton | Treasurer | 1 | $0 | $0 | $0 | $0 |
| William Whiston | Assistant Treasurer | 1 | $0 | $0 | $0 | $0 |
| Monsignor Kevin Sullivan | Chair | 1 | $0 | $0 | $0 | $0 |
Russell Lang
President & CEO
$388.4K
Hrs/Wk
20
Compensation
$386.6K
Related Orgs
$0
Other
$1,732
Erika Brandt
Chief Operating Officer
$206K
Hrs/Wk
20
Compensation
$204.5K
Related Orgs
$0
Other
$1,490
John Cahill
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
George Horton
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Whiston
Assistant Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Monsignor Kevin Sullivan
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Susan Albrecht | Senior Director, Developme | 35 | $183.2K | $0 | $43.5K | $226.7K |
| John Dibattista | Technical Project Manager | 35 | $119.2K | $0 | $24.1K | $143.2K |
| Renee Casertano | Senior Director, Developme | 35 | $112.7K | $0 | $20.9K | $133.7K |
| Angela Herrera-Sanchez Senior | Project Asset Mngr (thru Sep 2024) | 35 | $110.4K | $0 | $11.3K | $121.7K |
Susan Albrecht
Senior Director, Developme
$226.7K
Hrs/Wk
35
Compensation
$183.2K
Related Orgs
$0
Other
$43.5K
John Dibattista
Technical Project Manager
$143.2K
Hrs/Wk
35
Compensation
$119.2K
Related Orgs
$0
Other
$24.1K
Renee Casertano
Senior Director, Developme
$133.7K
Hrs/Wk
35
Compensation
$112.7K
Related Orgs
$0
Other
$20.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Beatriz Diaz-Taveras | Director | 1 | $0 | $0 | $0 | $0 |
| David Brown | Director | 1 | $0 | $0 | $0 | $0 |
| Luz Tavarez | Director | 1 | $0 | $0 | $0 | $0 |
| Paula Carethers | Director | 1 | $0 | $0 | $0 | $0 |
| Reverend Eric Cruz | Director | 1 | $0 | $0 | $0 | $0 |
| Stanley Grayson | Director |
Beatriz Diaz-Taveras
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Brown
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Luz Tavarez
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $5.8M |
| $40.7M |
| $5.2M |
| 2020 | $3.7M | $0 | $5.9M | $36.5M | $8.1M |
| 2019 | $6M | $0 | $5.6M | $18.9M | $7.8M |
| 2018 | $4.9M | $0 | $5M | $21.4M | $7M |
| 2017 | $1.7M | $100K | $2.4M | $17.6M | $5.1M |
| 2016 | $2M | $0 | $1.9M | $16.7M | $5.4M |
| 2015 | $4.3M | $0 | $1.7M | $15.6M | $5.2M |
| 2014 | $2.8M | $0 | $1.3M | $13.4M | $2.6M |
| 2013 | $1.9M | $0 | $1.7M | $10.4M | $976K |
| 2012 | $933.6K | $0 | $939K | $8.5M | $768.7K |
| 2011 | $1.2M | $35.3K | $823.6K | $4.9M | $774.2K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
Angela Herrera-Sanchez Senior
Project Asset Mngr (thru Sep 2024)
$121.7K
Hrs/Wk
35
Compensation
$110.4K
Related Orgs
$0
Other
$11.3K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
Paula Carethers
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Reverend Eric Cruz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stanley Grayson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0