Overview

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Est.

2009

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC is a housing development nonprofit based in Buffalo that serves as PUSH’s nonprofit housing development corporation, managing affordable rental units, land banking, property stabilization, green infrastructure, landscape management, and community planning. Its mission is to reduce housing abandonment by reclaiming vacant homes from neglectful owners and redeveloping them for low-income residents; for fiscal year 2024, it reported a $1M operating budget and $2.8M in total revenue, with listed funders including PEOPLE UNITED FOR SUSTAINABLE HOUSING INC, THE WORKING WORLD INC DBA SEED COMMONS, and COMMUNITY FOUNDATION FOR GREATER BUFFALO INC.

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Mission Statement

THE BUFFALO NEIGHBORHOOD STABILIZATION CORPORATION (BNSC) IS PUSH'S NONPROFIT HOUSING DEVELOPMENT CORPORATION, SPECIALIZING IN MANAGING AFFORDABLE RENTAL UNITS, LAND BANKING, PROPERTY STABILIZATION, GREEN INFRASTRUCTURE, LANDSCAPE MANAGEMENT, AND COMMUNITY PLANNING. BNSC STRIVES TO DECREASE THE RATE OF HOUSING ABANDONMENT BY RECLAIMING EMPTY HOUSES FROM NEGLECTFUL OWNERS AND REDEVELOPING THEM FOR OCCUPANCY BY LOW-INCOME RESIDENTS.

Cause Areas

1
Housing development
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Financials

2024
Revenues
$2.8M
Expenses
$1M
Net Income:
+$1.7M
Assets
$5.8M
Liabilities
$804.4K
Net Assets:
+$5M

Financial Trends

2024
Operating Budget
$1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "PEOPLE UNITED FOR SUSTAINABLE HOUSING INC"
PEOPLE UNITED FOR SUSTAINABLE HOUSING INC
Buffalo, NY, US
$5M
66%
Logo for "THE WORKING WORLD INC DBA SEED COMMONS"
THE WORKING WORLD INC DBA SEED COMMONS
New York, NY, US
$197.2K
11%
COMMUNITY FOUNDATION FOR GREATER BUFFALO INC
Buffalo, NY, US
$30.5K
< 1%

Grants Received

2024
Total No. of Grants
1
Median grant size
$1.4M
Largest grant received
$1.4M

Board & Team

D
Dawn Wells-Clyburn
Board Member
R
Ramone Alexander
Board Member
J
Jim Anderson
Board Member
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  • 4 funders
  • 12 board & team members
  • 14 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC’s budget?
In 2024, BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC reported an annual operating budget of around $1 million. More detailed financial information is available to registered users.
What causes does BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC support?
BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC supports work in Housing development.
Where does BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC operate?
BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC is headquartered in Buffalo, NY.
Who funded BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC recently?
In 2024, BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC received grants from PEOPLE UNITED FOR SUSTAINABLE HOUSING INC, PEOPLE UNITED FOR SUSTAINABLE HOUSING INC, and PEOPLE UNITED FOR SUSTAINABLE HOUSING INC. More information on this organization’s funders is available to registered users.
What is the largest grant BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC received in 2024?
The largest grant to BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC in 2024 exceeds $1.4 million.
What is BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC’s reliance on government grants?
BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC relied on government grants for more than 5% of their total revenue in 2024.