Association for Energy Affordability

What it reported doing in 2024

Most other programs involve utility, technical, and new construction work, and the bronx and brooklyn energy hub("hub"). Utility installs led lighting, showerheads, steam traps, bath and kitchen aerators. This year, 3,269 residences were served, and 332,700 kilowatt-hours and 103,893 therms of energy were salvaged. Technical services provides consulting and support services including conducting energy audits, retro-commissioning and required analysis for New York city local law 87 and local law 97, and electrification studies. Services include analysis, design, and bid documentation creation. The team participates in many state and utility incentive programs. All services are primary for low to moderate income residential buildings, aiming to reduce energy usage and utility costs.new construction (aka sustainable building services "sbs") the sbs department provides sustainability consulting services to affordable housing developers in support of achieving recognized green building certifications, including enterprise green communities (egc), epa energy star, leed, and passive house. Sbs supports project teams throughout all phases of certification, from design through construction, by performing technical document review, energy modeling, and on site inspections. The projects supported by sbs typically achieve approximately 17.5 percent energy savings relative to the ashrae 90.1 standardthe bronx and brooklyn energy hub provides resources to new yorkers that help them reduce energy use and increase comfort. Backed by the New York state energy research and development authority (nyserda), the program provides support to access grants, rebates, incentives, education, and job training options. In 2024, the program connected 1,764 brooklyn and bronx residents to energy efficiency services including workforce training.

Financial Efficiency

• Mission deployment rate: 89.7%; rating input score 90
• Program expense ratio: 91%; rating input score 91
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.4%; rating input score 39; 39th percentile among comparable filings
• Total-asset coverage ratio: 0.92; rating input score 33; 33rd percentile among comparable filings
• Liabilities to assets ratio: 0.76; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 1.5% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: -0.6% per year; rating input score 0; 7th percentile among comparable filings
• Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings