Nonprofit · EIN 47-1562167
NYC NEIGHBORHOOD CAPITAL CORPORATION
Tax-exempt (reinstated) · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,998,676 | $947,397 | $2,051,279 | $10,949,753 | $29,250 | $10,920,503 |
| June 30, 2024 | 990 | $4,631,560 | $1,902,951 | $2,728,609 | $8,985,577 | $116,353 | $8,869,224 |
| June 30, 2023 | 990 | $1,650,807 | $432,009 | $1,218,798 | $6,313,365 | $172,750 | $6,140,615 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,658,072
- Investment income
- $340,604
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $907,500
- Management and general (functional)
- $39,897
Balance sheet and other
- Total assets, start of year
- $8,985,577
- Total assets, end of year
- $10,949,753
- Total liabilities, end of year
- $29,250
- Net assets, end of year
- $10,920,503
- Net assets without donor restrictions
- $10,920,503
- Gross receipts
- $2,998,676
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARIA TORRES-SPRINGER | DEPUTY MAYOR Trustee or director | 1 | $0 | $287,663 | $0 |
| MEREDITH JONES | GENERAL COUNSEL/SECRETARY Officer | 1 | $0 | $232,087 | $41,776 |
| JENNIFER MONTALVO | CHIEF OF STAFF Trustee or director | 1 | $0 | $232,308 | $32,523 |
| SPENCER HOBSON | TREASURER Officer | 1 | $0 | $223,704 | $40,213 |
| MELISSA ROMAN BURCH | CHAIRPERSON Officer | 1 | $0 | $227,808 | $13,668 |
| BRINDA GANGULY | EXECUTIVE DIRECTOR Officer | 1 | $0 | $225,404 | $13,404 |
| JEANNY PAK | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $227,808 | $9,047 |
| AMY CHAN | ASSISTANT TREASURER Officer | 1 | $0 | $196,423 | $27,499 |
| FRANCISCO PINEDA | EXECUTIVE VICE PRESIDENT Trustee or director | 1 | $0 | $202,615 | $8,700 |
| SHIN MITSUGI | COMPLIANCE OFFICER Officer | 1 | $0 | $176,869 | $31,770 |
| MELANIE MCMANN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $178,581 | $28,573 |
| MELISSA PUMPHREY | CHIEF ECONOMIST Trustee or director | 1 | $0 | $174,879 | $22,111 |
| MATTHEW FURLONG | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $167,238 | $23,056 |
| JULIEANNE HERSKOWITZ | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $162,461 | $25,994 |
| LESLIE ESCOBAR | ASSISTANT TREASURER Officer | 1 | $0 | $155,687 | $14,647 |
3 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILY MARCUS | DEPUTY EXECUTIVE DIRECTOR Officer | 1 | $0 | $146,692 | $20,537 |
| ERICH BILAL | VICE PRESIDENT Trustee or director | 1 | $0 | $125,415 | $17,289 |
| SABRINA LIPPMAN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $94,847 | $11,382 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MEREDITH JONES | GENERAL COUNSEL/SECRETARY Officer | 1 | $0 | $217,769 | $39,198 |
| MELISSA ROMAN BURCH | CHAIRPERSON Officer | 1 | $0 | $217,137 | $39,031 |
| SPENCER HOBSON | TREASURER Officer | 1 | $0 | $223,934 | $30,583 |
| MARIA TORRES-SPRINGER | DEPUTY MAYOR Trustee or director | 1 | $0 | $251,982 | $0 |
| JENNIFER MONTALVO | VICE PRESIDENT Trustee or director | 1 | $0 | $212,405 | $30,184 |
| BRINDA GANGULY | EXECUTIVE DIRECTOR Officer | 1 | $0 | $218,383 | $3,210 |
| AMY CHAN | ASSISTANT TREASURER Officer | 1 | $0 | $188,513 | $22,658 |
| SHIN MITSUGI | COMPLIANCE OFFICER Officer | 1 | $0 | $171,569 | $38,485 |
| SABRINA LIPPMAN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $179,344 | $19,354 |
| MELANIE MCMANN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $165,208 | $26,383 |
| CHRISTINA RAUSCH | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $167,685 | $23,375 |
| GBENGA DAWODU | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $167,627 | $23,384 |
| JULIEANNE HERSKOWITZ | VICE PRESIDENT Trustee or director | 1 | $0 | $153,729 | $24,591 |
| MELISSA PUMPHREY | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $160,885 | $17,174 |
| LESLIE ESCOBAR | ASSISTANT TREASURER Officer | 1 | $0 | $149,757 | $8,978 |
| EMILY MARCUS | DEPUTY EXECUTIVE DIRECTOR Officer | 1 | $0 | $128,995 | $17,888 |
| JEANNY PAK | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $141,202 | $0 |
| ERICH BILAL | VICE PRESIDENT Trustee or director | 1 | $0 | $118,892 | $16,323 |
| PRIYA ANANTHANATHAN | VICE PRESIDENT Trustee or director | 1 | $0 | $91,988 | $13,095 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARIA TORRES-SPRINGER | DEPUTY MAYOR Trustee or director | 1 | $0 | $251,982 | $0 |
| MEREDITH JONES | GENERAL COUNSEL/SECRETARY Officer | 1 | $0 | $212,125 | $38,160 |
| FRED D'ASCOLI | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $218,077 | $30,251 |
| SPENCER HOBSON | TREASURER Officer | 1 | $0 | $204,616 | $36,831 |
| ELIZABETH VEROSTEK | EXECUTIVE VICE PRESIDENT Trustee or director | 1 | $0 | $207,948 | $33,268 |
| JENNIFER MONTALVO | VICE PRESIDENT Trustee or director | 1 | $0 | $196,692 | $22,849 |
| AMY CHAN | ASSISTANT TREASURER Officer | 1 | $0 | $181,844 | $18,323 |
| GBENGA DAWODU | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $159,576 | $22,341 |
| SABRINA LIPPMAN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $160,973 | $12,931 |
| MELANIE MCMANN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $148,922 | $22,176 |
| CHRISTINA RAUSCH | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $149,308 | $19,718 |
| JULIEANNE HERSKOWITZ | VICE PRESIDENT Trustee or director | 1 | $0 | $141,916 | $22,703 |
| LESLIE ESCOBAR | ASSISTANT TREASURER Officer | 1 | $0 | $143,538 | $7,339 |
| MELISSA ROMAN BURCH | CHAIRPERSON Officer | 1 | $0 | $138,615 | $0 |
| EMILY MARCUS | DEPUTY EXECUTIVE DIRECTOR Officer | 1 | $0 | $116,192 | $14,616 |
| ERICH BILAL | VICE PRESIDENT Trustee or director | 1 | $0 | $111,654 | $15,351 |
| PRIYA ANANTHANATHAN | VICE PRESIDENT Trustee or director | 1 | $0 | $109,808 | $15,303 |
| MAXWELL PADDEN | SENIOR VICE PRESIDENT Trustee or director | 1 | $0 | $90,077 | $12,498 |
| RACHEL LOEB | CHAIRPERSON Officer | 1 | $0 | $74,971 | $4,691 |
| BRINDA GANGULY | EXECUTIVE DIRECTOR Officer | 1 | $0 | $47,538 | $0 |
| MCCOSH THAYER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $23,265 | $3,257 |
Address and contacts
- Address (IRS master file)
- ONE LIBERTY PLAZA, NEW YORK, NY 10006-1404
- In care of
- % GENERAL COUNSEL
- Principal officer (990 for 2024)
- SPENCER HOBSON, ONE LIBERTY PLAZA, NEW YORK, NY 10006
- Signed the 990
- SPENCER HOBSON, TREASURER
- Phone
- (347) 672-6298
- Website
- EDC.NYC/NYCNCC
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
THE PRIMARY MISSION OF THE CORPORATION IS TO CARRY OUT CHARITABLE OPERATIONS OF THE CITY OF NEW YORK. MORE SPECIFICALLY, THE CORPORATION IS ORGANIZED TO OPERATE AS A CDE UNDER THE NMTC PROGRAM, TO FORM AND MANAGE SUBSIDIARY LIMITED LIABILITY COMPANIES (WHICH ARE ALSO CERTIFIED AS CDES) TO RECEIVE EQUITY CONTRIBUTIONS THAT WILL BE UTILIZED PRIMARILY TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS IN THE CORPORATION'S "SERVICE AREA" OF THE CITY OF NEW YORK, AND TO ENGAGE IN ACTIVITIES THAT WOULD FURTHER THE INTERESTS OF THE CITY OF NEW YORK.
Program accomplishments
- THE CORPORATION HAS BEEN CERTIFIED AS A CDE AND HAS APPLIED AND WILL APPLY FOR ALLOCATION OF NMTCS. THE CORPORATION HAS FORMED SUBSIDIARY LIMITED LIABILITY COMPANIES IN WHICH THE CORPORATION WILL SERVE AS THE MANAGING MEMBER. THE CORPORATION WILL APPLY ON BEHALF OF SUCH SUBSIDIARIES FOR CERTIFICATION AS CDES AND WILL SUB-ALLOCATE ITS NMTCS TO ONE OR MORE SUBSIDIARY CDES IN ACCORDANCE WITH THE LAWS AND REGULATIONS GOVERNING THE NMTC PROGRAM FOR PURPOSES OF MAKING QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS IN THE CITY OF NEW YORK.Expenses $907,500 · revenue $2,998,676
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1562167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,949,753
- Income (IRS master file)
- $2,998,676
Revocation and reinstatement
- Exemption revoked
- November 15, 2017
- Posted by the IRS
- March 12, 2018
- Reinstated
- Effective August 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,998,676 | $947,397 | $10,949,753 | IRS |
| 990 | June 2024 | $4,631,560 | $1,902,951 | $8,985,577 | IRS |
| 990 | June 2023 | $1,650,807 | $432,009 | $6,313,365 | XML |
| 990 | June 2022 | $2,099,426 | $811,863 | $4,961,294 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1562167).
Questions about NYC NEIGHBORHOOD CAPITAL CORPORATION
- What is the EIN of NYC NEIGHBORHOOD CAPITAL CORPORATION?
- The employer identification number (EIN) of NYC NEIGHBORHOOD CAPITAL CORPORATION is 47-1562167.
- Is NYC NEIGHBORHOOD CAPITAL CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2017 and reinstated it effective August 15, 2018.
- Are donations to NYC NEIGHBORHOOD CAPITAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NYC NEIGHBORHOOD CAPITAL CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NYC NEIGHBORHOOD CAPITAL CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NYC NEIGHBORHOOD CAPITAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NYC NEIGHBORHOOD CAPITAL CORPORATION?
- The 990 for the year ended June 30, 2025 names SPENCER HOBSON.
- Who are the officers and directors of NYC NEIGHBORHOOD CAPITAL CORPORATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does NYC NEIGHBORHOOD CAPITAL CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,998,676, expenses of $947,397 and total assets of $10,949,753 at year end.
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