House New York Inc

Nonprofit profile at a glance

EIN
611863131
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
New York, NY, USA
Phone
8778295500
Rating confidence
Limited
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$0
Expenses
$96,239
Assets
$831,358
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Jolie Milstein (President and CEO)

Highest reported compensation

  • Jolie Milstein (President and CEO): $373,847 total reported compensation
  • Elizabeth Rossi (Director of Operations): $210,970 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See Schedule O.To promote the development and operation of affordable housing for low-income residents throughout New York State through the dissemination of information to the general public and affordable housing industry professionals about the benefits and legal obligations to create housing for varying populations under the Fair Housing Act. In order to achieve its charitable purposes, the Organization will conduct programs/activities in education, research and the solicitation of grants and making of grants to other charitable organizations in furtherance of its purposes.

What it reported doing in 2024

House New York (HNY) provides education, research, and advocacy targeted at improving the lives of low-income affordable housing tenants. Most recent efforts have been focused on digital equity programs that bring low-cost fiber, cable, WiFi and cellular service to low-income populations in New York State. In partnership with several grant funders, HNY launched the Community Classrooms program providing virtual classroom space to low-income students who were schooling at home during the pandemic. Simultaneously, in New York City, the organization established a prequalified list of broadband providers willing to retrofit affordable housing with no-cost high-speed broadband infrastructure to building owners and low-cost monthly broadband service to tenants.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 60
  • Accountability: 72
  • Sustainability: 27
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 83.1%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 8.64; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 45.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -12% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -10% per year; rating input score 0; 32nd percentile among comparable filings
  • Asset growth: 24.7% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 83.1% of spending went to programs
  • Governance: 2 of 2 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $80K in reported program spending
  • Leadership: top reported pay $374K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.