Cnyc Inc
Public records raise at least one point you should look into before giving.
What it says it does
SUPPORT HOUSING COOPERATIVES AND CONDOMINIUMS
- Income
- $547,669
- Spending
- $568,551
- Employees
- 3
- Volunteers
- 0
- Highest pay
- $83,200, sec'y/exec dir
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- A. IN 2024, CNYC CONTINUED TO CONDUCT MOST MEETINGS INCLUDING ITS ANNUAL CONFERENCE VIA ZOOM. ONLY ITS APRIL 17TH ANNUAL MEETING WAS CONDUCTED IN PERSON, BRINGING TOGETHER ENTHUSIASTIC MEMBERS, DESPITE TORRENTIAL RAIL. B. EFFORTS CONTINUED TO FOCUS ON BRINGING BACK LAPSED MEMBERSHIPS AND ON ADVOCACY FOR IMPROVEMENT IN PROPERTY TAX LAW, ENERGY AND CARBON REDUCTION REGULATIONS, ETC, AND TO PROTECT THE INTERESTS AND NEEDS OF HOUSING COOPERATIVES AND CONDOMINIUMS AND THEIR SHAREHOLDERS AND UNIT OWNERS FOR WHOM ESCALATING CARRYING CHARGES CHALLENGING THE ABILITY OF THEIR RESOURCES TO KEEP PACE.
- C. . MANY ONLINE EDUCATIONAL EVENTS WERE OFFERED AND REGULAR COMMUNICATION WITH MEMBERS CONTINUED TO TAKE THE PRIMARY FORM OF FREQUENT E-BLASTS, WITH NOTICES SUBSEQUENTLY POSTED ON THE CNYC WEBSITE.
- D. MEMBERSHIP INCREASED VERY MODESTLY WITH 966 COOPERATIVES AND CONDOMINIUMS PAYING DUES BY THE END OF THE YEAR. THIS INCLUDES 27 NEW MEMBERS. 66 PROFESSIONALS RENEWED THEIR AFFILIATION WITH THE COUNCIL AND 9 NEW PROFESSIONALS JOINED IN 2024. THEY ALL RECEIVED CNYC NOTICES AND PUBLICATIONS, INCLUDING THE COMPARATIVE STUDY OF 2022 OPERATING COST, AND WERE ABLE TO AVAIL THEMSELVES OF THE BENEFITS OF THE ORGANIZATION AT NO COST OR AT SPECIAL MEMBER AND AFFILIATE RATES.
- E. AT ITS IN-PERSON ANNUAL MEETING, TWO NEW BOARD MEMBERS WERE ELECTED TO THE CNYC EXECUTIVE BOARD AND FOUNDER AND LONG TERM PRESIDENT, MARC J. LUXEMBURG WAS NAMED PRESIDENT EMERITUS. F. SINCE 2017, MEMBERSHIP IN THE NATIONAL ASSOCIATION OF HOUSING COOPERATIVES (NAHC) HAS BEEN MANDATORY FOR CNYC MEMBERS, GIVING ALL CNYC MEMBERS FULL MEMBERSHIP RIGHTS AT NAHC, WHOSE ADVOCACY FUNCTION WITH THE FEDERAL GOVERNMENT IS VERY IMPORTANT TO CNYC. G. ON SUNDAY, NOVEMBER 17TH, CNYC HELD ITS 44TH ANNUAL HOUSING CONFERENCE AS AN ALL-VIRTUAL EVENT. CNYC OFFERED 42 CLASSES IN THREE TIME FRAMES PLUS A PLENARY SESSION IN THE MIDDLE OF THE DAY. 69 KNOWLEDGEABLE VOLUNTEER SPEAKERS SHARED THEIR EXPERTISE WITH 361 CONFERENCE REGISTRANTS IN 45 CLASSES AND A PLENARY SESSION.H. CONSISTENT WITH THE COUNCIL'S GOALS OF ENHANCING MEMBER COOPERATIVES AND CONDOMINIUMS' ABILITY TO FUNCTION EFFICIENTLY, AFFORDABLY AND SAFELY, AND IN COMPLIANCE WITH ALL APPLICABLE LAWS, THE COUNCIL CONDUCTED 27 EVENING CLASSES IN THE COURSE OF THE YEAR WHICH, IN THE AGGREGATE, WERE ATTENDED BY MORE THAN 850 PEOPLE. AGAIN SEVERAL OF THESE FOCUSED ON EXPLAINING THE RESPONSIBILITIES OF NEW YORK CITY HOUSING COOPERATIVES AND CONDOMINIUMS LARGER THAN 25,000 SQUARE FEET UNDER NEW YORK'S STRINGENT CARBON REDUCTION LEGISLATION WHICH STARTS TO LEVY PENALTIES FOR FAILURE TO MEET COMPLIANCE MILESTONES IN 2024 (AND EVERY FIVE YEARS THEREAFTER); CITY COUNCIL MEMBERS WERE HAPPY TO ALERT THEIR CONSTITUENTS TO THIS IMPORTANT FREE SUSTAINABILITY WEBINARS I. THE COUNCIL COMPILED AND PUBLISHED ITS ANNUAL COMPARATIVE STUDY OF BUILDING OPERATING COSTS WHICH INCLUDED DATA GLEANED FROM THE ANNUAL FINANCIAL STATEMENTS OF OVER 1000 COOPERATIVES AND CONDOMINIUMS, REPORTED IN EIGHT CATEGORIES, EAST SIDE COOPERATIVES IN MANHATTAN), WEST SIDE COOPERATIVES (IN MANHATTAN) , MANHATTAN CONDOMINIUMS, CONDOMINIUMS OUTSIDE OF MANHATTAN, LARGE COOPERATIVES OUTSIDE OF MANHATTAN, SMALL MANHATTAN COOPERATIVES, SMALL BROOKLYN COOPERATIVES, AND LOFT COOPERATIVES AND CONDOMINIUMS. THE COMPARATIVE STUDY HELPS MEMBERS DETERMINE IF THEIR OWN BUILDINGS ARE OPERATING EFFICIENTLY AND ENABLES THEM TO TARGET AREAS WHERE THEY MAY BE ABLE TO REDUCE CURRENT COSTS. FOR AN 8TH YEAR, CONSULTANTS AT DECISION FISH PREPARED FOR THE COUNCIL'S WEBSITE AN ONLINE TOOL TO FACILITATE COMPARISONS IN THE STUDY. IN ADDITION TO ITS USE BY CNYC MEMBERS AND PROFESSIONAL AFFILIATES, THE ANNUAL COMPARATIVE STUDY IS USED BY BROKERS, APPRAISERS, JOURNALISTS AND ECONOMISTS IN STUDYING NEW YORK CITY'S COOPERATIVES AND CONDOMINIUMS. J. THE COUNCIL'S WEBSITE, WWW.CNYC.COOP COMPLETED ITS 29TH YEAR IN OCTOBER. LINKS TO HUNDREDS OF WEBSITES OF RELATED INTEREST AND SCORES OF "PAGES" OF INFORMATION ABOUT COOPERATIVES AND CONDOMINIUMS MAKE THIS A POPULAR INFORMATION CENTER. IT CONTINUED TO GROW AND FLOURISH, PROVIDING INFORMATION ABOUT THE ORGANIZATION TO BROWSERS OF THE INTERNET AND ANSWERING THEIR QUESTIONS VIA E-MAIL THE INTERNET SUFFIX DOT COOP CONTINUES TO BE EFFECTIVE IN CALLING ATTENTION TO COOPERATIVES AND IN FURTHER 'BRANDING' CNYC SERVICES. K. THE COUNCIL'S DIRECTOR OF MEMBERSHIP AND COMMUNICATIONS CONTINUED TO PROVIDE INFORMATION ABOUT CNYC ON SOCIAL MEDIA INCLUDING INSTAGRAM FACEBOOK AND TWITTER. L. CNYC CONTINUES TO URGE THAT THE CITY'S STRONG EFFORTS AT CARBON REDUCTION BE IMPLEMENTED WITH MORE EQUITABLE PROCEDURES, CITING FOR GUIDANCE THE BLUEPOINT FOR EFFICIENCY, PREPARED BY THE URBAN GREEN COUNCIL SUMMARIZING THE ACTIVITIES OF THE ENERGY TASK FORCE THAT IT HAD CONVENED IN 2017. THIS DOCUMENT ADVOCATES CAREFUL ATTENTION TO BUILDING'S DENSITY, USE, ETC, IN THE DETERMINATION OF PROGRESSIVE PERCENTAGES OF REDUCTION IN RELIANCE ON FOSSIL FUELS. BOTH THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF MEMBERSHIP & COMMUNICATIONS SERVE ON VARIOUS COMMITTEES FOCUSED ON THIS ISSUE. THE DIRECTOR OF MEMBERSHIP & COMMUNICATIONS WAS A PANELIST AT THE BROOKLYN CHAMBER OF COMMERCE'S EVENT ON SUSTAINABILITY. M. THROUGH ITS ACTION COMMITTEE FOR REASONABLE REAL ESTATE TAXES, CNYC CONTINUES TO WORK WITH THE NYC DEPARTMENT OF FINANCE TO FACILITATE COMPLIANCE WITH MODIFICATIONS TO THE PROPERTY TAX ABATEMENT PROGRAM THAT HAS BEEN IN PLACE SINCE 1996, SORTING OUT CONFUSION RELATING TO RESPONSIBILITY FOR CONFIRMING THE PRIMARY RESIDENCY REQUIREMENT AND THE ONLINE REPORTING FORMS WHERE COOPERATIVES AND CONDOMINIUMS OR THEIR MANAGEMENT FIRMS MUST NOW CONFIRM ANNUALLY THAT THEIR BUILDINGS WISH TO CONTINUE TO PARTICIPATE IN THE ABATEMENT PROGRAM. LEGISLATION ENACTED IN 2021 FURTHER AMENDED THE ABATEMENT PROGRAM TO REQUIRE THAT FOR MANY COOPERATIVES AND CONDOMINIUMS WITH HIGHER ASSESSED VALUE TO CONTINUE TO HAVE QUALIFYING SHAREHOLDERS AND UNIT OWNERS RECEIVE THE ABATEMENT THEY MUST SUBMIT AN AFFIDAVIT CONFIRMING THAT ALL BUILDING SERVICES WORKERS ARE PAID PREVAILING WAGES. THIS AFFIDAVIT IS REQUIRED OF BUILDINGS MEETING THE FINANCIAL REQUIREMENTS, EVEN IF THEY DON'T HAVE ANY BUILDING SERVICES EMPLOYEES. N. THE COUNCIL CONTINUED TO WORK WITH OTHER ORGANIZATIONS IN THE REAL ESTATE INDUSTRY IN NEW YORK CITY TO MITIGATE THE COST OF VARIOUS FILINGS AND BUILDING MODIFICATIONS REQUIRED BY LAW, AND TO EXPAND OPPORTUNITIES FOR GRANTS, ABATEMENTS AND OTHER INCENTIVES TO DEFRAY THE COSTS OF COMPLIANCE FOR THOSE WHO STRUGGLE WITH THESE COSTS. O. THE COUNCIL CONTINUES TO HELP MEMBERS COPE WITH CITY LAWS THAT REQUIRES ALL BUILDINGS OF 25,000 SQUARE FEET OR MORE TO 'BENCHMARK' THEIR WATER AND ENERGY COSTS AND TO PROMINENTLY DISPLAY THEIR LETTER GRADES ON THIS BENCHMARKING. P. THE COUNCIL CONTINUES TO CONSULT WITH LEADERS OF DIVERSE ORGANIZATIONS FOR HOUSING COOPERATIVES TO COMBAT LEGISLATIVE ATTEMPTS AT STATE AND CITY LEVELS TO CONTROL THE ADMISSIONS PROCESS THAT IS SO IMPORTANT TO HOUSING COOPERATIVES, WHERE OWNERSHIP IS SHARED AND ALL SHAREHOLDERS ARE EXPECTED TO CONTRIBUTE TO THE COMMUNITY. Q. THE COUNCIL'S DIRECTOR OF MEMBERSHIP AND COMMUNICATIONS SERVES ON THE CURRENT CODE REVISION COMMITTEE OF THE NYC DEPARTMENT OF BUILDINGS. R. THE COUNCIL'S EXECUTI
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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