NB Affordable Foundation Inc

Foundation · Grantmaker Suffern, NY EIN: 85-3221621

NB Affordable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Suffern, NY. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $350 in total assets.

Key facts about NB Affordable Foundation Inc

EIN
85-3221621
Latest 990 filing
Form 990-PF, 2022
Total assets
$350

Data from IRS Form 990-PF, 2022; updated September 2026.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$350

-30.0% YoY

Revenue

—

-100.0% YoY

Net Investment Income

—

Expenses

$150

-92.5% YoY

Under IRS private-foundation payout rules, NB Affordable Foundation Inc reported a distributable amount of $21 for 2022 — the minimum it must pay out in qualifying distributions.

How NB Affordable Foundation Inc gives

  • In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Flint

Giving Over Time

Total grant dollars and number of grants per year

$0$500$1K$1.5K$2K1 grants20210 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2022

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2022.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1K$2K$3K20212022
Metric20222021
Total Assets$350$500
Revenue—$2,500
Expenses$150$2,000
Qualifying Distributions—$2,000
Net Investment Income——
Distributable Amount$21$25

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2022

Leadership & Key People

Officers and directors from IRS filings

NB Affordable Foundation Inc is led by Fredrick Schulman, President on the 2022 filing — the only officer listed, and uncompensated.

Officers on the 2022 filing

  • Fredrick Schulman

    President

    New on the 2022 filing

    No compensation reported

Former officers (1)
  • Former: Moshe Silber (2021) — President

Data from IRS Form 990 filings, 2021–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about NB Affordable Foundation Inc

How large is NB Affordable Foundation Inc?

NB Affordable Foundation Inc reported $350 in total assets on its 2022 IRS Form 990-PF.

What is NB Affordable Foundation Inc?

NB Affordable Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Suffern, NY. It holds $350 in total assets as of 2022.

Where does NB Affordable Foundation Inc operate?

NB Affordable Foundation Inc has awarded grants in Michigan.

How much is NB Affordable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, NB Affordable Foundation Inc reported a distributable amount of $21 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is NB Affordable Foundation Inc's EIN?

NB Affordable Foundation Inc's EIN (Employer Identification Number) is 85-3221621. IRS Form 990 filing data is available on this page for 2021–2022.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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