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Neighborhood Risk Management Corp

NEW YORK, NY EIN: 20-2555863 Website

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

10states
+2 more states

Cities

ArkronBostonChelseaChicagoCorningCouncil BluffsDetroitDorchesterHoustonLouisvilleLowellManhattanPoughkeepsieSouth BendTroyWoonsocket

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$425K$850K$1M$2M202020212022
Metric202220212020
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

$0$360K$720K$1M$1M0 grants20200 grants202117 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2022

CONSORTIUM OF HOUSING$1.0MMADISON PARK DEVELOPMENT…$84KCODMAN SQUARE NEIGHBORHO…$64KASIAN AMERICANS FOR EQUA…$51KSOUTHWEST HOUSING SOLUTI…$37KTHE NEIGHBORHOOD DEVELOP…$32KCOALITION FOR A BETTER A…$28KNEW DIRECTIONS HOUSING C…$26KNEIGHBORHOOD HOUSING SER…$21KAVENUE CDC$17K

Grant Size Distribution

17 grants across all recorded years

13<$50K3$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

NameTitleHoursCompensation
TIM THORLANDVICE PRESIDENT5
FRED LAZARESECRETARY5
JIM FERRISPRESIDENT5
BRIAN PILCHERMEMBER5

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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