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Neighborhood Housing Services of New York City Inc

EIN 13-3098397 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY (NHSNYC), THROUGH LENDING, FINANCIAL LITERACY, AND HOUSING COUNSELING SERVICES, EMPOWERS DISADVANTAGED LOW AND MODERATE-INCOME NEW YORKERS TO PURCHASE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES.OUR ULTIMATE GOAL IS TO SUPPORT THE REALIZATION OF THE BEST QUALITY OF LIFE POSSIBLE FOR EACH NEW YORKER, STARTING WITH A STABLE HOME.

Income
$12.7 million
Spending
$11.9 million
Spent on programs
87%
Reserves
4.6 months of spending
Largest source of income
government grants, 66%
Employees
29
Volunteers
17
Highest pay
$254,024, ceo

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 64% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.6 months of spending.

  • Debt

    5 of 20

    It owes 65% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 44% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. 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 (5)
  1. $1.1 million spent. LENDING: NHSNYC ENABLES NEIGHBORHOOD RESIDENTS TO ACHIEVE THEIR GOALS THROUGH A BROAD RANGE OF HOME IMPROVEMENT; EMERGENCY ASSISTANCE; DOWN PAYMENT, AND CLOSING COST ASSISTANCE; AND FLEXIBLE MORTGAGE PRODUCTS.
  2. $982,938 spent. 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.
  3. $8.1 million spent. 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.
  4. $188,010 spent. PROPERTY MANAGEMENT: NHSNYC REAL ESTATE COLLECTIVE EMPOWERS PROPERTY OWNERS WITH THE KNOWLEDGE, TOOLS, AND SUPPORT THEY NEED TO MANAGE THEIR PROPERTIES EFFECTIVELY AND EQUITABLY. THOSE OWNERS THAT OWN A SINGLE-FAMILY HOME, MIXED-USE BUILDING, STOREFRONT OR COMMERCIAL SPACE, OR A SMALL MULTI-FAMILY PROPERTY OF UP TO EIGHT UNITS CAN BENEFIT FROM THIS INITIATIVE. NHSNYC OPERATES THE EDUCATIONAL AND MEMBERSHIP SUPPORT COMPONENTS AND PROVIDES TECHNICAL ASSISTANCE FOR FULL-SERVICE PROPERTY MANAGEMENT TO PARTNERS IN ITS NETWORK.
  5. $78,054 spent. SPECIAL PROJECTS: RECOGNIZING THAT THE BEST WAY TO STRENGTHEN NEIGHBORHOODS FOR THE LONG-TERM IS TO ENCOURAGE RESIDENT INVOLVEMENT, NHSNYC COLLABORATES WITH OTHER COMMUNITY ORGANIZATIONS TO EXTEND NHSNYC'S CITY-WIDE REACH FOR DELIVERY OF ITS PROGRAMS AND CAPITAL.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. 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 September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1987.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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 October 7, 2026.

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