THE PRIMARY MISSION OF THE CORPORATION IS TO CARRY OUT CHARITABLE OPERATIONS OF THE CITY OF NEW YORK. MORE SPECIFICALLY, THE CORPORATION IS ORGANIZED TO OPERATE AS A CDE UNDER THE NMTC PROGRAM, TO FORM AND MANAGE SUBSIDIARY LIMITED LIABILITY COMPANIES (WHICH ARE ALSO CERTIFIED AS CDES) TO RECEIVE EQUITY CONTRIBUTIONS THAT WILL BE UTILIZED PRIMARILY TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS IN THE CORPORATION'S "SERVICE AREA" OF THE CITY OF NEW YORK, AND TO ENGAGE IN ACTIVITIES THAT WOULD FURTHER THE INTERESTS OF THE CITY OF NEW YORK.
Executive compensation
Form 990 · Schedule J · 17 reported individuals · Filing year 2023
| Position | Total |
|---|---|
General Counsel/secretary secretary (operational) | $39k $44k |
Chairperson board chair | $39k $44k |
Compliance Officer officer (unspecified) | $38k $43k |
Treasurer | $31k $34k |
Vice President vice president | $30k $34k |
Senior Vice President senior vice president | $26k $30k |
Vice President vice president | $25k $28k |
Senior Vice President senior vice president | $23k $26k |
Senior Vice President senior vice president | $23k $26k |
Assistant Treasurer | $23k $25k |
Senior Vice President senior vice president | $19k $22k |
Deputy Executive Director director (operational) | $18k $20k |
Senior Vice President senior vice president | $17k $19k |
Vice President vice president | $16k $18k |
Vice President vice president | $13k $15k |
Assistant Treasurer | $9k $10k |
Executive Director | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 2 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Up 3%
from 2022
From $38k in 2022 to $39k in 2023.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
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