Neighborhood Risk Management Corp
Neighborhood Risk Management Corp (NRMC) is a public charity based in New York, New York. Its stated work centers on risk reduction, loss mitigation, and insurance and risk-management services for members connected with affordable housing missions. Its 2021 return is marked final, indicating that it had terminated or was winding down; the available filing data also records grants in 2022.
Neighborhood Risk Management Corp at a glance
In short: Neighborhood Risk Management Corp gave $1.4M across 17 grants in 2022 (avg $85K), mostly in Massachusetts. Source: 2022 IRS Form 990.
- Annual giving (2022)
- $1,439,220
- Grants made (2022)
- 17
- Average grant
- $84,660
- Median grant
- $21,309
- Primary geography
- Massachusetts (84% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990, 2022 View filing
Data from IRS Form 990, 2022; updated October 2026.
How to apply to Neighborhood Risk Management Corp
- Contact
Mailing address: 141 East 89Th Street Suite 4F, New York, NY 10128
Phone: (212) 509-6762
Website: https://neighborhoodrisk.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Neighborhood Risk Management Corp funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
The largest 2022 recipient was Consortium of Housing ($1.0M). Together the top 10 received $1.4M.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 13 grants of 17 (76%).
Geographic Focus
Where this funder awards grants
The 2022 grant-dollar distribution included Massachusetts (84%), New York (6%), Michigan (3%), Kentucky (2%), and Illinois (1%). Listed recipients also included organizations in Texas, Ohio, and Rhode Island.
Grant Distribution by State
Share of 2022 grant dollars across all 17 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 17 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Consortium of Housing Boston, MA | Grant to Organization | $1,000,000 |
| Madison Park Development Corp Boston, MA | Distribution to Organization | $83,687 |
| Codman Square Neighborhood Development Corp Dorchester, MA | Distribution to Organization | $64,398 |
| Asian Americans for Equality Manhattan, NY | Distribution to Organization | $51,133 |
| Southwest Housing Solutions Detroit, MI | Distribution to Organization | $36,857 |
| The Neighborhood Developers Inc Chelsea, MA | Distribution to Organization | $31,947 |
| Coalition for a Better Acre (CBA) Lowell, MA | Distribution to Organization | $28,252 |
| New Directions Housing Corp Louisville, KY | Distribution to Organization | $25,654 |
| Neighborhood Housing Services of Chicago Chicago, IL | Distribution to Organization | $21,309 |
| Avenue CDC Houston, TX | Distribution to Organization | $16,947 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2022 | — | $124 | $1,546,242 | $1,439,220 | 17 | $124 |
| 2021 | $1,569,483 | $549 | $327,070 | — | — | $549 |
| 2020 | $2,186,692 | $1,684 | $-965,007 | — | — | $1,684 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
NRMC stated that it was established to provide members with risk-reduction and loss-mitigation services and educational programs, advise them on insurance and alternative risk coverage, and help establish programs to minimize losses and costs.
Its described programming included training on inspection systems, fire safety, claims prevention and mitigation, vendor contracts, and property maintenance. NRMC also reported developing risk-management classes and a website with best practices and tools.
The 2022 grants included organizations whose own stated missions concerned housing and community development. For example, Madison Park Development Corporation described its mission as fostering the social, physical, economic, and cultural renewal of Roxbury and promoting low- and moderate-income residents’ well-being and self-sufficiency. Asian Americans for Equality described work to advance racial, social, and economic justice through affordable housing, economic opportunity, community services, and grassroots leadership.
Grantmaking
In 2022, NRMC reported 17 grants totaling $1,439,220. Grant amounts ranged from $7,973 to $1,000,000, with a median of $21,309.
The largest reported award was $1,000,000 to Consortium of Housing in Boston, for a grant to an organization. Other notable grants included $83,687 to Madison Park Development Corp. in Boston, $64,398 to Codman Square Neighborhood Development Corp. in Dorchester, and $51,133 to Asian Americans for Equality in Manhattan. The filing also listed grants of $36,857 to Southwest Housing Solutions in Detroit and $31,947 to The Neighborhood Developers Inc. in Chelsea.
No application instructions or information about unsolicited requests are provided in the available materials.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2022 filing listed Jim Ferris as president, Tim Thorland as vice president, Fred Lazare as secretary, and Brian Pilcher as a member.
Neighborhood Risk Management Corp is led by Jim Ferris, President on every filing since 2020; none of the 4 officers listed in 2022 report compensation.
Officers on the 2022 filing
Jim Ferris
President
On filings since 2020
5 hrs/week
No compensation reported
Brian Pilcher
Member
On filings since 2020
5 hrs/week
No compensation reported
Fred Lazare
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Tim Thorland
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Former officers (2)
- Former: Michael Claflin (2020–2021) — Treasurer
- Former: Judi Patrick (2020) — Member
Data from IRS Form 990 filings, 2020–2022. "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 Neighborhood Risk Management Corp
How much does Neighborhood Risk Management Corp give each year?
Neighborhood Risk Management Corp gave $1.4M across 17 grants in 2022, according to its 2022 IRS Form 990.
What is Neighborhood Risk Management Corp's typical grant size?
Neighborhood Risk Management Corp's median grant in 2022 was $21,309, and its average grant was $84,660, across 17 grants on its 2022 IRS Form 990.
Where does Neighborhood Risk Management Corp give grants?
Neighborhood Risk Management Corp gives mostly in Massachusetts: 84% of the grant dollars itemized on its 2022 IRS Form 990 went to recipients there. The next largest state was New York (6%). The most frequent recipient cities were Boston, MA (2 grants).
Does Neighborhood Risk Management Corp give general operating support?
Not in 2022: none of the 17 grants with a stated purpose on Neighborhood Risk Management Corp's 2022 IRS Form 990 were described as general or operating support. Recurring purposes include "Distribution to Organization" (16 grants).
Who are Neighborhood Risk Management Corp's largest grantees?
Neighborhood Risk Management Corp's largest 2022 grantees include Consortium of Housing ($1,000,000), Madison Park Development Corp ($83,687) and Codman Square Neighborhood Development Corp ($64,398), according to its 2022 IRS Form 990. Together they received 80% of its itemized 2022 grant dollars.
What does Neighborhood Risk Management Corp fund?
NRMC stated that it was established to provide members with risk-reduction and loss-mitigation services and educational programs, advise them on insurance and alternative risk coverage, and help establish programs to minimize losses and costs. See mission & focus areas ↑
How do I apply for a grant from Neighborhood Risk Management Corp?
Neighborhood Risk Management Corp has no public application process in the sources Grantable reviewed. Check neighborhoodrisk.org for current guidelines, or contact the foundation directly before submitting a request.
What is Neighborhood Risk Management Corp's EIN?
Neighborhood Risk Management Corp's EIN (Employer Identification Number) is 20-2555863. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work Neighborhood Risk Management Corp funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Hancock Whitney Opportunity Grant (Hancock Whitney Community Reinvestment Act Program) Up to US $25,000 · Due October 30, 2026
- Boettcher Foundation Colorado Grantmaking: Rural Catalyst Grants US $1,000 - US $10,000 · Due October 30, 2026
- AmeriCorps SC State Competitive Grant (2027-28) $100,000 - $500,000 · Due October 30, 2026
Explore Open Grants
Browse active grant opportunities in Neighborhood Risk Management Corp's focus areas in our free grants database
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Funders that support many of the same organizations
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Neighborhood Risk Management Corp down — hundreds of funders to go?