NB Affordable Foundation Inc
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
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2022
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2022.
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 |
|---|---|---|
| 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
- 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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