New York Apartment Association Inc
Nonprofit profile at a glance
- EIN
- 132634120
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2122149277
- Rating confidence
- Limited
Reported finances
- Revenue
- $11,623,195
- Expenses
- $9,683,125
- Assets
- $62,498,867
- Liabilities
- $4,434,797
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
66 people listed
Executive titles in this filing
- JOSEPH STRASBURG (PRESIDENT)
- FRANK RICCI (EXECUTIVE VICE PRESIDENT)
- KENNETH BURGOS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- JOSEPH STRASBURG (PRESIDENT): $810,961 total reported compensation
- FRANK RICCI (EXECUTIVE VICE PRESIDENT): $397,819 total reported compensation
- OLGA SOMERAS (GENERAL COUNSEL): $322,315 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nyaa provides services to landlords including computerized rent registration of rent stabilized apartments with the New York state division of housing and community renewal in compliance with nys & nyc laws & regulations.
What it reported doing in 2024
Safety related services-window guard/lead paint services: these services consists of mailings to over 400,000 tenants so that real estate owners and management agents can determine if window guards need to be installed in accordance with New York city law. Fire safety service: on an annual basis, all owners of multiple dwellings must comply with the New York city fire department regulations, requiring owners to prepare and distribute a fire safety plan containing fire safety and evacuation procedures.additionally, it is required for owners to distribute and post a fire safety notice informing residents of procedures to be followed in the event of a fire in the building. Nyaa fire safety services prepares and distributes all required information, including:-development of a customized fire safety plan for each building-mailing fire safety plan to all tenants and building employees -furnishing appropriate fire safety notices (long-lasting self adhesive vinyl) to be posted in individual apartments-providing proof of mailing and meeting four year record requirements
Operating model
- Revenue model
- Other-operating. 79% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 66.2%; rating input score 66; 13th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.7%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.45; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 30.1%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.5% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 57 of 57 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $811K · 66 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 5 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 1/100.