The Community Preservation Corporation
87% goes to programs $0 to raise $100 Strong reserves Growing revenue
The Community Preservation Corporation is a 501(c)(3) organization based in New York, New York, registered in 1974, with $124,826,968 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
220 East 42nd St 16th Fl, New York, NY, 10017 EIN 13-2792409 Since 1974
Revenue (FY2023)
$124.8M
▲ 60.2% vs prior year
Community median: $184K
Expenses (FY2023)
$98.6M
Net assets
$300.6M
Employees
204
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Community Preservation Corporation: 87% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating37 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Community Preservation Corporation: 37 mo reserves · +21% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Community Preservation Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Community Preservation Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To combat community deterioration, promote the general welfare, and lessen the burdens of government by providing financing for low & moderate income housing.
Contact & location
- Address
- 220 East 42nd St 16th Fl, New York, NY, 10017
- City
- New York
- State
- New York
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $37.2M (FY2013) to $124.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.5BNet assets $300.6M
Operating margin
21.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$1.5B
Net assets
$300.6M
Salaries & benefits
$34.8M
35% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $124,826,968▲60.2% | $98,646,239▲13.9% | $300,607,058▲13.8% | $1,841,415,807▲6.2% | 990 |
| 2022 | $77,918,946▲15.7% | $86,569,758▲25.1% | $264,128,344▲7.1% | $1,733,974,820▲13.7% | 990 |
| 2021 | $67,322,772▲2.3% | $69,181,777▲4.4% | $246,509,840▼8.9% | $1,525,690,659▲8.4% | 990 |
| 2020 | $65,839,600▼69.5% | $66,282,296▼7.0% | $270,719,684▲19.0% | $1,407,109,282▲6.0% | 990 |
| 2019 | $215,858,879▲169% | $71,235,484▲3.0% | $227,464,707▼6.2% | $1,327,087,827▲11.9% | 990 |
| 2018 | $80,113,763▲35.0% | $69,162,655▲24.3% | $242,594,968▲4.8% | $1,186,023,708▼2.2% | 990 |
| 2017 | $59,351,594▲8.6% | $55,660,373▲12.8% | $231,561,015▲8.3% | $1,212,783,861▲20.8% | 990 |
| 2016 | $54,628,157▲27.8% | $49,332,899▲16.6% | $213,768,056▲9.8% | $1,003,612,478▲6.7% | 990 |
| 2015 | $42,732,819▼44.5% | $42,323,177▲13.7% | $194,621,960▲8.6% | $940,210,908▲4.5% | 990 |
| 2014 | $77,018,946▲107% | $37,239,585▼3.2% | $179,185,442▲198% | $899,437,356▲25.1% | 990 |
| 2013 | $37,211,945 | $38,476,126▼20.7% | $60,124,677▲13.1% | $718,724,556▼10.7% | 990 |
| 2012 | — | $48,506,479▼36.5% | $53,160,737▲29.6% | $804,834,724▼30.2% | 990 |
| 2011 | — | $76,377,040▼40.2% | $41,020,043▼36.1% | $1,152,788,419▼10.1% | 990 |
| 2010 | — | $127,664,151▲75.2% | $64,237,619▼34.5% | $1,281,599,138▼13.8% | 990 |
| 2009 | — | $72,855,348 | $98,076,665 | $1,486,967,980 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Rafael E Cestero — $1,388,349 (1.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rafael E Cestero | Ceo & Director | 35 | $1,388,349 |
| Sarah J Singman | President | 35 | $678,399 |
| David Rothberg | Exec Vice President & Cfo | 35 | $554,925 |
| Adam Tell Metzger | Senior Vice President | 35 | $431,640 |
| Stephanie C Canzani | Senior Vice President & Coo | 35 | $428,169 |
| Monique D Jefferson | Senior Vice President | 35 | $421,756 |
| Malini Nayar | Senior Vice President | 35 | $391,761 |
| Andrea D Gladstone | Senior Vice President & Secretary | 35 | $355,260 |
| Robert L Riggs | Senior Vice President | 35 | $321,368 |
| Daniel J Wheeler | Senior Vice President | 35 | $316,684 |
| Jaime S Demaso | Senior Vice President | 35 | $312,594 |
| Nicholas V Petragnani Jr | Senior Vice President | 35 | $312,239 |
| Douglas L Olcott | Senior Vice President | 35 | $297,623 |
| Lawrence Hammond | Senior Vice President | 35 | $296,028 |
| Melanie A Crocco | Senior Vice President | 35 | $290,420 |
| Helene S Rudolph | Vp Deputy General Counsel | 35 | $281,665 |
| Joya Cohen | Vp Deputy General Counsel | 35 | $280,918 |
| Erin K Macher | Vice President | 35 | $273,980 |
| Sharmin Carter | Vice President | 35 | $259,852 |
| Andrew J D'agostino | Senior Vice President | 35 | $247,822 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Eisneramper Managed Technologies | Information Technology | $2,999,015 |
| 360 Preservation LLC | Management Company | $655,328 |
| Cohn Reznick LLP | Accounting | $425,933 |
| Wpg Consulting LLC | Information Technology | $364,957 |
| Mccracken Financial | Information Technology | $336,845 |
Grants received · $25.9M total
3 grants to The Community Preservation Corporation totaling $25.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Human services | 2023 | $15,000,000 |
| Enterprise Community Partners Inc | Capacity building | 2019 | $9,873,401 |
| Robin Hood Foundation | General | 2015 | $1,000,000 |
Grants made · $200K in FY2023
15 grants totaling $200K in FY2023. All grants made by The Community Preservation Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Citizens Housing and Planning Council of New York Inc | General support | $52,500 |
| Settlement Housing Fund Inc | General support | $20,000 |
| Westhab Inc | General support | $15,000 |
| University Neighborhood Housing Program Inc | General support | $15,000 |
| Community League of the Heights Inc | General support | $13,500 |
| City Futures Inc | General support | $10,000 |
| Mhany Management Inc | General support | $10,000 |
| New York Housing Conference Inc | General support | $10,000 |
| Depaul Properties Inc | General support | $10,000 |
| Urban Homesteading Assistance U-hab | General support | $10,000 |
| New York Scores | General support | $7,500 |
| Madison Square Park Conservancy Inc | General support | $7,500 |
| New York Scores | General support | $7,500 |
| Rebuilding Together Nyc | General support | $5,500 |
| New York University | General support | $5,500 |
Similar organizations in Community
Community
Grameen America Inc
New York, NY
$141.8M
Aannual revenue
Community
Hadassah the Womens Zionist Organization of America Inc
New York, NY
$152.3M
Aannual revenue
Community
Conference Board Inc
New York, NY
$95.5M
Aannual revenue
Community
Brooklyn Navy Yard Development Corporation
Brooklyn, NY
$157.2M
Aannual revenue
Community
Cent For Urban Community Svcs
New York, NY
$92.2M
Bannual revenue
Community
Housing Works Inc
Brooklyn, NY
$63.8M
B+annual revenue
Community
Hispanic Federation Inc
New York, NY
$61.8M
Aannual revenue
Community
Securities Industry and Financial Markets Association Inc
New York, NY
$61.8M
Aannual revenue
Community
Food Bank For New York City
Bronx, NY
$195.8M
Aannual revenue
Community
St Nicks Alliance Corp
Brooklyn, NY
$52.1M
Bannual revenue
Compare The Community Preservation Corporation
Frequently asked questions
- Is The Community Preservation Corporation a legitimate nonprofit?
- Yes. The Community Preservation Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2792409, based in New York, New York. Donations are tax-deductible.
- What is The Community Preservation Corporation's EIN?
- The Community Preservation Corporation's Employer Identification Number (EIN) is 13-2792409.
- How much revenue does The Community Preservation Corporation report?
- The Community Preservation Corporation reported $124,826,968 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Community Preservation Corporation's spending goes to programs?
- The Community Preservation Corporation spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Community Preservation Corporation have?
- CharityIndex grades The Community Preservation Corporation A, based on program efficiency and fundraising cost.
- How much does The Community Preservation Corporation's highest-paid employee make?
- The highest reported compensation on The Community Preservation Corporation's latest Form 990 is $1,388,349, paid to Rafael E Cestero (Ceo & Director).
More nonprofits in New York
Explore more
Data for The Community Preservation Corporation (EIN 13-2792409) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.