Buffalo Neighborhood Stabilization Company Inc

Overview

Mission

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.

What it reported doing in 2024

Community energyassists homeowners with energy efficiency/weatherization, clean heating and cooling, rooftop and commercial solar. To help new yorkers access and navigate opportunities in the clean energy economy nyserda created clean energy hubs. Push is the western New York clean energy hub serving five counties. Push also participates in the following programs - buffalo east homeowner improvement program (behip) is a grant program that provides financial assistance for home repairs to low-income homeowners on buffalo east side, 16 projects were completed. Warm and dry is a program aimed at helping low-moderate-income homeowners address home repair needs that ensure a warm and dry living environment, 5 houses were completed. 405 engagements leading to a referral.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
270580274
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Headquarters
Buffalo, NY, USA
Phone
7168840356
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.2%; rating input score 35
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 62.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 5.57; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 11% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 14.4% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 35.2% of revenue deployed · 93.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $976K in reported program spending
  • Leadership: top reported pay $88K · 4 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

4 people listed

Highest reported compensation

  • DAWN WELLS-CLYBURN (VICE PRESIDENT): $87,988 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.