Neighborhood Risk Management Corp
NRMC WAS ESTABLISHED TO PROVIDE RISK REDUCTION AND LOSS MITIGATION SERVICES AND EDUCATIONAL PROGRAMS TO ITS MEMBERS SO THAT THEY IN TURN CAN LEARN TO REDUCE THEIR LOSS-RELATED EXPENSES AND DEVOTE MORE OF THEIR LIMITED RESOURCES TO THEIR AFFORDABLE HOUSING MISSIONS. NRMC ALSO ADVISES ITS MEMBERS ON INSURANCE AND ALTERNATIVE RISK COVERAGES. NRMC ASSISTS MEMBERS IN OBTAINING SUCH ALTERNATIVE COVERAGES WITH THIRD-PARTY INSURANCE COMPANIES WITH BROADER COVERAGES AND AT A LOWER COST THAN IS GENERALLY AVAILABLE IN THE MARKETPLACE, AND FACILITATES THE ESTABLISHMENT OF LOSS CONTROL AND RISK MANAGEMENT PROGRAMS WHICH WILL MINIMIZE LOSSES AND COSTS OF MEMBERS IN THE FULFILLMENT OF THEIR CHARITABLE MISSIONS.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$1.4M
Grant Count
17
Avg Grant Size
$85K
About Neighborhood Risk Management Corp
Based on IRS filings
Neighborhood Risk Management Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. IRS filing data is available from 2020 through 2022. In 2022, it awarded 17 grants totaling $1.4M. Net investment income was $124.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $1,569,483 | $2,186,692 |
| Revenue | $124 | $549 | $1,684 |
| Expenses | $1,546,242 | $327,070 | $-965,007 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $124 | $549 | $1,684 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Consortium of Housing ($1,000,000), Madison Park Development Corp ($83,687), Codman Square Neighborhood Development Corp ($64,398).
| Recipient | Purpose | Amount |
|---|---|---|
| CONSORTIUM OF HOUSING BOSTON, MA | GRANT TO ORGANIZATION | $1,000,000 |
| ARBOR HOUSING AND DEVELOPMENT CORNING, NY | DISTRIBUTION TO ORGANIZATION | $9,030 |
| ASIAN AMERICANS FOR EQUALITY MANHATTAN, NY | DISTRIBUTION TO ORGANIZATION | $51,133 |
| COALITION FOR A BETTER ACRE (CBA) LOWELL, MA | DISTRIBUTION TO ORGANIZATION | $28,252 |
| CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORP DORCHESTER, MA | DISTRIBUTION TO ORGANIZATION | $64,398 |
| EAST AKRON NEIGHBORHOOD DEVELO ARKRON, OH | DISTRIBUTION TO ORGANIZATION | $16,093 |
| HUDSON RIVER HOUSING INC POUGHKEEPSIE, NY | DISTRIBUTION TO ORGANIZATION | $11,714 |
| MADISON PARK DEVELOPMENT CORP BOSTON, MA | DISTRIBUTION TO ORGANIZATION | $83,687 |
| NEIGHBORHOOD HOUSING SERVICES OF CHICAGO CHICAGO, IL | DISTRIBUTION TO ORGANIZATION | $21,309 |
| NEIGHBORWORKS BLACKSTONE RIVER VALLEY WOONSOCKET, RI | DISTRIBUTION TO ORGANIZATION | $12,870 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIM THORLAND | VICE PRESIDENT | 5 | — |
| FRED LAZARE | SECRETARY | 5 | — |
| JIM FERRIS | PRESIDENT | 5 | — |
| BRIAN PILCHER | MEMBER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Neighborhood Risk Management Corp?
Neighborhood Risk Management Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. It holds — in total assets as of 2022.
Where does Neighborhood Risk Management Corp operate?
Neighborhood Risk Management Corp has awarded grants in Iowa, Illinois, Indiana, Kentucky, Massachusetts, Michigan, New York, Ohio, Rhode Island, Texas.
What size grants does Neighborhood Risk Management Corp award?
In 2022, Neighborhood Risk Management Corp awarded 17 grants totaling $1.4M — an average of about $85K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Neighborhood Risk Management Corp's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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