THE COMMUNITY PRESERVATION CORPORATION Charity Report

Public IRS 990 nonprofit record

THE COMMUNITY PRESERVATION CORPORATION

EIN 13-2792409 · Community Improvement & Capacity Building (S200)

What they do

to COMBAT COMMUNITY DETERIORATION, PROMOTE THE GENERAL WELFARE, and LESSEN THE BURDENS of GOVERNMENT BY PROVIDING DEBT AND/OR EQUITY FINANCING for LOW & MODERATE INCOME HOUSING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders78 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.69%of revenue went to mission work83.1% of expenses · Program services

$88.65spent for every $100 of revenueRevenue covered expenses this year.

14.96%of revenue went to management and office costs16.9% of expenses

$15.38in assets for every $1 spent this yearSome assets cannot be spent right away.

9.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,584,421 for RAFAEL E CESTERO (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$123,873,578

Mission workProgram services$91,288,35073.69% of revenue83.1% of expenses

ManagementOffice and general costs$18,531,72314.96% of revenue16.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$14,053,50511.35% of revenueShown in gray on the chart

Total expenses$109,820,07388.65% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 88.65% of revenue

2023Expense mix: 86.6% mission · 13.4% management · 0.0% fundraisingTotal expenses: 79.03% of revenue

2022Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 111.10% of revenue

2021Expense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 102.76% of revenue

2020Expense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 100.67% of revenue

2019Expense mix: 83.0% mission · 17.0% management · 0.0% fundraisingTotal expenses: 33.00% of revenue

2018Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 86.33% of revenue

2017Expense mix: 81.1% mission · 18.9% management · 0.0% fundraisingTotal expenses: 93.78% of revenue

Money in and money out

Revenue$123,873,578

Expenses$109,820,073

Annual surplus $14,053,505 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$91,288,350 · 83.1% of expenses

Management and office costs$18,531,723 · 16.9% of expenses

See all reported dollar amounts

Revenue$123,873,578

Expenses$109,820,073

Assets$1,688,790,941

Income$188,642,853

Contributions$11,955,470

Mission work (program services)$91,288,350

Grants given$3,855,077

Average grant$24,555

Management and general$18,531,723

Stocks and bonds$298,962,406

Accounting fees$467,185

Investing fees$1,010,524

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RAFAEL E CESTEROCEO · 35 hrs/week $1,584,421Base $1,487,171 · Other $97,250

SARAH J SINGMANPRESIDENT, CPC · 35 hrs/week $1,065,938Base $964,944 · Other $100,994

DAVID ROTHBERGEVP CHIEF FINANCIAL OFFICER · 35 hrs/week $991,717Base $891,967 · Other $99,750

STEPHANIE C CANZANISVP CHIEF OPERATING OFFICER · 35 hrs/week $812,277Base $715,027 · Other $97,250

ADAM TELL METZGERSVP EQUITY INVESTMENTS · 35 hrs/week $676,391Base $635,760 · Other $40,631

ROBERT L RIGGSSVP CSP PORTFOLIO MGMT & REG DIR NYC ORIG · 35 hrs/week $672,104Base $590,242 · Other $81,862

ERIN P BURNS-MAINESVP POLICY & GOV AFFAIRS FOR CSP AND CPC · 35 hrs/week $653,840Base $586,334 · Other $67,506

ANDREA D GLADSTONESVP GENERAL COUNSEL & SECRETARY · 35 hrs/week $636,616Base $542,071 · Other $94,545

MONIQUE D JEFFERSONSVP CHIEF PEOPLE OFFICER · 35 hrs/week $635,277Base $605,349 · Other $29,928

MALINI NAYARSVP CHIEF RISK OFFICER · 35 hrs/week $611,444Base $574,240 · Other $37,204

JAIME S DEMASOSVP STRATEGIC COMMS AND COMM ENGAGEMENT · 35 hrs/week $570,632Base $489,787 · Other $80,845

NICHOLAS V PETRAGNANI JRSVP DIRECTOR OF UPSTATE REVITALIZATION · 35 hrs/week $532,088Base $459,142 · Other $72,946

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (78)

RAFAEL E CESTEROCEO

SARAH J SINGMANPRESIDENT, CPC

DAVID ROTHBERGEVP CHIEF FINANCIAL OFFICER

STEPHANIE C CANZANISVP CHIEF OPERATING OFFICER

ADAM TELL METZGERSVP EQUITY INVESTMENTS

ROBERT L RIGGSSVP CSP PORTFOLIO MGMT & REG DIR NYC ORIG

ERIN P BURNS-MAINESVP POLICY & GOV AFFAIRS FOR CSP AND CPC

ANDREA D GLADSTONESVP GENERAL COUNSEL & SECRETARY

MONIQUE D JEFFERSONSVP CHIEF PEOPLE OFFICER

MALINI NAYARSVP CHIEF RISK OFFICER

JAIME S DEMASOSVP STRATEGIC COMMS AND COMM ENGAGEMENT

NICHOLAS V PETRAGNANI JRSVP DIRECTOR OF UPSTATE REVITALIZATION

LAWRENCE HAMMONDSVP DIRECTOR OF CPC ACCESS

DOUGLAS L OLCOTTSVP REGIONAL DIRECTOR MORTGAGE OFFICER

DANIEL J WHEELERSVP DIRECTOR OF PORTFOLIO MANAGEMENT

MELANIE A CROCCOSVP DIRECTOR OF FP & BUS ANALYTICS

ANDREW J DAGOSTINOSVP REGIONAL DIRECTOR MORTGAGE OFFICER

CHRISTINA L MORRISONVP ASSET MANAGEMENT & SERVICING

HELENE S RUDOLPHVP DEPUTY GENERAL COUNSEL

SARAH C DUPERE OSTROVP OPERATIONAL STRATEGIES

FERGUS P OCONNELLVP, DIRECTOR OF CAPITAL STRATEGIES

ELIZABETH L FRIEDMANVP INSURANCE & RISK MANAGEMENT

JAIME L TUOZZOLOSVP REGIONAL DIRECTOR MORTGAGE OFFICER

CARY TODD MOOREVP ASSET MANAGEMENT & SERVICING

JOYA COHENDEPUTY GENERAL COUNSEL & VP LOAN CLOSINGS

ANDREW J GIGLIOVP DEPUTY DIRECTOR NYC ORIGINATIONS

ERIC B BEDERMANVP DIRECTOR OF COMMUNICATIONS

LU JINVP FINANCIAL REPORTING

BRENDA BARNABYAVP HUMAN RESOURCES GENERALIST

MICHAEL J KROOGVP DEPUTY DIRECTOR HUDSON VALLEY

ATALIA HOWESVP PROGRAM MANAGEMENT CLIMATE CAPITAL

JAMES P MILLARDVP CONSTRUCTION PORTFOLIO MANAGER

LYSA D ARNDTSVP CONSTRUCTION RISK MANAGEMENT

OLANREWANJU RAHMON HABEEBVP DIRECTOR OF SERVICING

JONATHAN JEANTYVP SENIOR CREDIT OFFICER

BRANDIE LEE MORENOVP MORTGAGE OFFICER

ARCHANA BAVASWAMY RAOVP IT

JANE H CHRONEVP DIRECTOR CONSTRUCTION LOAN ADMINISTRATION

AMY HARTMANVP ACQUISITIONS AND INVESTMENTS

KENNETH APONTEVP FINANCIAL PLANNING & ANALYSIS

WILLIAM JOHN CASSIDYVP DIRECTOR OF TREASURY OPERATIONS

WILHELMENA A NORMAN-HERNANDEZVP MANAGER OF COMMUNITY IMPACT

ANDREW ADESSVP PRODUCTION DIRECTOR

JASON L OSBORNAVP MORTGAGE OFFICER

MATTHEW CHANGVP SENIOR CONSTRUCTION PORTFOLIO MANAGER

PAWEL SIERADZYVP PORTFOLIO MANAGER

EHIABHI UWAMORTGAGE OFFICER

MARY SCHOUENBORG-PADENSVP MORTGAGE OFFICER

MIRIAM C ZINTERVP MORTGAGE OFFICER

CAYMARY E OGARROAVP PROJECT MANAGER

DAVID KHUKHASHVILIVP ASSET & INVESTMENT MANAGER

EVA CASALEVP DIRECTOR OF INFORMATION TECHNOLOGY

KATHERINE CRISALLIVICE PRESIDENT, CHIEF OF STAFF

JAMIE MINKOVESVP HEAD OF OPERATIONS CLIMATE CAPITAL

PAUL LYNCHVP CONTROLLER

SHARMIN CARTERVP CONTROLLER

WESLEY YOUNGVP, CONSTRUCTION RISK

TRACY M CONLEYVP MORTGAGE OFFICER

CHRISTOPHER SCOVILLEVP MORTGAGE OFFICER

LEAH TATIANA ZULKOSKIVP PORTFOLIO CAPITAL PLANNING & EXECUTION

NEIL ADAMSONSVP CAPITAL STRATEGIES

PATRICK B LOCKHARTVP FINANCE OPERATIONS

JOAN S BOCINAVP SENTIOR ATTORNEY CLIMATE CAPITAL

DONNA NICOLE FERREIRAPRESIDENT, CPC MORTGAGE COMPANY

LINDSAY ROBBINSVP CLIMATE CAPITAL

BRENDAN MCLAUGHLINMANAGING DIRECTOR, CPC MORTGAGE COMPANY

STEVEN J WEISSDIRECTOR

ANDERS TOMSONDIRECTOR

SHERRY WANGDIRECTOR

RICHARD KUMRODIRECTOR

LOUISE CARROLLDIRECTOR

RICHARD ROBERTSDIRECTOR

MICHAEL HEGARTYDIRECTOR

PETER CANNAVADIRECTOR

INGRID GOULD ELLENDIRECTOR

EDUARDO DIAZ-PEREZDIRECTOR

GARY RODNEYDIRECTOR

MANUEL MENENDEZ JRDIRECTOR

About this charity

Recognized since: January 1974
Location: 220 EAST 42ND ST 16TH FL, NEW YORK, NY 10017-5823
County: New York
In care of: DAVID ROTHBERG
Primary officer: DAVID ROTHBERG, EVP CFO

How to reach them

WebsiteVisit the charity’s website Emailcontact@communityp.com Phone(212) 869-5300

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ARMANINO ADVISORY LLC
NTEE classification: Community Improvement & Capacity Building (S200)
Grant-giving organization: Yes