Neighborhood Risk Management Corporation
- Assets
- $0.0
- Revenue
- $124.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2007
- Data as of
- 03/2022
- EIN
- 20-2555863
Organization Overview
Neighborhood Risk Management Corporation is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Risk Management Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Neighborhood Risk Management Corporation generated $124.0 in total revenue. All expenses for the organization totaled $1.5m during the year ending 03/2022.
Since 2022, Neighborhood Risk Management Corporation has awarded 17 individual grants totaling $1,439,220. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD RISK MANAGEMENT COPR. (NRMC) WAS ESTABLISHED TO PROVIDE RISK REDUCTION AND LOSS MITIGATION SERVICES AND EDUCATIONAL PROGRAMS TO ITS MEMBERS SO THAT THEY IN TURN CAN LEARN TO REDUCE THEIR LOSS-RELATED EXPENSES AND DEVOTE MORE OF THEIR LIMITED RESOURCES TO THEIR AFFORDABLE HOUSING MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NRMC PROVIDES RISK MANAGEMENT TRAINING AND LOSS MITIGATION PROGRAMS FOR MEMBERS AND PROSPECTIVE MEMBERS, INCLUDING MEMBERS OF NEIGHBORWORKS AMERICA ("NWA"). THESE TRAININGS FOCUS ON TOPICS SUCH AS RELIABLE INSPECTION SYSTEMS, FIRE SAFETY, CLAIM MITIGATION AND PREVENTION, PROPERTY-VENDOR CONTRACT FORMS AND AGREEMENTS AND EFFECTIVE PROPERTY MAINTENANCE. NRMC HAS DEVELOPED RISK MANAGEMENT CLASSES AND A WEBSITE TO DISTRIBUTE BEST PRACTICES IN RISK MANAGEMENT AND RISK MANAGEMENT TOOLS. TRAINING AND RISK MITIGATION PROGRAMS AND LOSS MITIGATION INITIATIVES ARE PROVIDED TO NRMC MEMBERS BY THE STAFF OF NRMC AND ALSO BY OUTSIDE PROFESSIONALS, INCLUDING INSURANCE BROKERS, RISK MANAGEMENT CONSULTANTS AND SAFETY EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Lazare Secretary | OfficerTrustee | 5 | $0 |
Tim Thorland Vice President | OfficerTrustee | 5 | $0 |
Jim Ferris President | OfficerTrustee | 5 | $0 |
Brian Pilcher Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,509,384 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,401 |
| Office expenses | $11,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,013 |
| All other expenses | $0 |
| Total functional expenses | $1,546,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Neighborhood Risk Management Corporation has awarded $1,439,220 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CONSORTIUM OF HOUSING PURPOSE: GRANT TO ORGANIZATION | $1,000,000 |
MADISON PARK DEVELOPMENT CORP PURPOSE: DISTRIBUTION TO ORGANIZATION | $83,687 |
Dorchester, MA PURPOSE: DISTRIBUTION TO ORGANIZATION | $64,398 |
ASIAN AMERICANS FOR EQUALITY PURPOSE: DISTRIBUTION TO ORGANIZATION | $51,133 |
SOUTHWEST HOUSING SOLUTIONS PURPOSE: DISTRIBUTION TO ORGANIZATION | $36,857 |
Chelsea, MA PURPOSE: DISTRIBUTION TO ORGANIZATION | $31,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |