Neighborhood Risk Management Corp. primarily funds community development and affordable housing organizations—especially local CDCs and NeighborWorks affiliates—providing operating and program support to neighborhood rehabilitation, homeownership, and housing finance efforts. Their portfolio is national in reach (urban and post‑industrial cities) but focused on place‑based developers and intermediary networks that deliver housing rehab, tenant services, and community stabilization. The foundation’s giving favors practical, infrastructure‑building projects rather than arts or human services unrelated to housing.
Combination of one very large, concentrated commitment (a $1M grant) alongside a spread of smaller unrestricted/program support grants to many local CDCs and NeighborWorks affiliates; funding is skewed toward infrastructure and operating support for housing developers rather than one‑off project grants. Grants are distributed across multiple geographies but consistently target housing and neighborhood stabilization organizations.
Neighborhood Risk Management Corp. made a $1,000,000 grant in 2023 to the Consortium of Housing in Boston, a signal that its giving includes large operating-scale support alongside smaller awards. The foundation’s recent grants center on community development corporations, affordable housing providers, and NeighborWorks-affiliated organizations working on neighborhood rehabilitation, homeownership counseling, and housing finance. Its portfolio reaches urban and post-industrial places across the country, with recipients in Boston, Chicago, Detroit, Louisville, Houston, Akron, Troy, South Bend, and other cities. In New York, it supported Asian Americans for Equality in Manhattan, Hudson River Housing in Poughkeepsie, and Arbor Housing and Development in Corning, showing a continued pattern of place-based housing work rather than a single-city focus. The grants also show attention to intermediary networks and local developers that deliver rehabilitation, tenant services, and community stabilization. Neighborhood Risk Management Corp. is a public charity and gives nationally, with 24% of grants going to recipients in New York and the highest grant count in Iowa.
Housing and neighborhood rehabilitation are the clearest themes in the portfolio. The foundation gave $83,687 to Madison Park Development Corp in Boston and $64,398 to Codman Square Neighborhood Development Corp in Dorchester, both tied to local development work. It also supported housing access and counseling through a $21,309 grant to Neighborhood Housing Services of Chicago in Chicago. Smaller-city revitalization appears in awards such as $16,093 to East Akron Neighborhood Development Corporation in Akron and $10,419 to Troy Rehabilitation & Improvement Program Inc in Troy. A separate cluster goes to affiliate and network-based housing organizations, including $12,870 to Neighborworks Blackstone River Valley in Woonsocket and $10,937 to Neighborworks Home Solutions in Council Bluffs. These grants point to practical support for organizations building and preserving housing at the neighborhood level.
Neighborhood Risk Management Corp. gives in a mid-sized range, with a 25th percentile grant of $11,714, a median of $21,309, and a 75th percentile of $36,857. The 2023 list shows one much larger grant at $1,000,000, followed by a long tail of smaller organizational awards. The same year’s recipients are all organizations, and the available record shows a public charity making grant support rather than program-related investments. The distribution also suggests continued support for housing-focused intermediaries and local developers, since several recipients are community development or NeighborWorks organizations.
$1.4M
$0
$124
$1.5M
Most grants fall between $12K and $37K, with a median of $21K.
25th Percentile
$12K
Median
$21K
75th Percentile
$37K
About 24% of grants go to recipients in MA.
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Notable grantees: Consortium of Housing, Madison Park Development Corporation, Asian Americans for Equality, Neighborhood Housing Services of Chicago, Coalition for a Better Acre
The grants are national, and every listed recipient is in the United States. New York recipients account for 24% of grants, with awards in Manhattan, Poughkeepsie, Corning, and Troy. Boston appears more than once, including grants to Consortium of Housing and Madison Park Development Corp, while other repeated metro areas include Chicago and Detroit. The recipient map also reaches Iowa through Council Bluffs, which aligns with the top state by grant count.
It funds community development corporations, affordable housing organizations, NeighborWorks affiliates, and neighborhood-based housing groups. The recent grants include organizations working on rehabilitation, homeownership counseling, housing finance, and community stabilization.
The 2023 grant distribution shows a 25th percentile of $11,714, a median of $21,309, and a 75th percentile of $36,857. Most listed awards sit in that range, even though one grant was much larger.
Its top state by grant count is Iowa. The grant list includes Council Bluffs, Iowa, alongside a broader spread of recipients in New York, Massachusetts, Illinois, Michigan, Texas, Ohio, Rhode Island, Kentucky, and Indiana.
The data provided here centers on 2023, and the recent-grants list is entirely from that year. The pattern visible is one large award followed by several organizational grants across a wide range of housing-focused recipients.
No. Although 24% of grants go to recipients in New York, the recent grants also reach Boston, Chicago, Detroit, Louisville, Houston, Akron, Woonsocket, Council Bluffs, Corning, and South Bend.
2023
Source: IRS Form 990-PF, fiscal year 2023.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| CONSORTIUM OF HOUSING | BOSTON, MA | $1,000,000 | 2023 | GRANT TO ORGANIZATION |
| MADISON PARK DEVELOPMENT CORP | BOSTON, MA | $83,687 | 2023 | DISTRIBUTION TO ORGANIZATION |
| CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORP | DORCHESTER, MA | $64,398 | 2023 | DISTRIBUTION TO ORGANIZATION |
| ASIAN AMERICANS FOR EQUALITY | MANHATTAN, NY | $51,133 | 2023 | DISTRIBUTION TO ORGANIZATION |
| SOUTHWEST HOUSING SOLUTIONS | DETROIT, MI | $36,857 | 2023 | DISTRIBUTION TO ORGANIZATION |
| THE NEIGHBORHOOD DEVELOPERS INC | CHELSEA, MA | $31,947 | 2023 | DISTRIBUTION TO ORGANIZATION |
| COALITION FOR A BETTER ACRE (CBA) | LOWELL, MA | $28,252 | 2023 | DISTRIBUTION TO ORGANIZATION |
| NEW DIRECTIONS HOUSING CORP | LOUISVILLE, KY | $25,654 | 2023 | DISTRIBUTION TO ORGANIZATION |
| NEIGHBORHOOD HOUSING SERVICES OF CHICAGO | CHICAGO, IL | $21,309 | 2023 | DISTRIBUTION TO ORGANIZATION |
| AVENUE CDC | HOUSTON, TX | $16,947 | 2023 | DISTRIBUTION TO ORGANIZATION |
| EAST AKRON NEIGHBORHOOD DEVELO | ARKRON, OH | $16,093 | 2023 | DISTRIBUTION TO ORGANIZATION |
| NEIGHBORWORKS BLACKSTONE RIVER VALLEY | WOONSOCKET, RI | $12,870 | 2023 | DISTRIBUTION TO ORGANIZATION |
| HUDSON RIVER HOUSING INC | POUGHKEEPSIE, NY | $11,714 | 2023 | DISTRIBUTION TO ORGANIZATION |
| NEIGHBORWORKS HOME SOLUTIONS | COUNCIL BLUFFS, IA | $10,937 | 2023 | DISTRIBUTION TO ORGANIZATION |
| TROY REHABILITATION & IMPROVEMENT PROGRAM INC | TROY, NY | $10,419 | 2023 | DISTRIBUTION TO ORGANIZATION |
| ARBOR HOUSING AND DEVELOPMENT | CORNING, NY | $9,030 | 2023 | DISTRIBUTION TO ORGANIZATION |
| SOUTH BEND HERITAGE FOUNDATION | SOUTH BEND, IN | $7,973 | 2023 | DISTRIBUTION TO ORGANIZATION |
CONSORTIUM OF HOUSING
$1,000,000GRANT TO ORGANIZATION
SOUTHWEST HOUSING SOLUTIONS
$36,857DISTRIBUTION TO ORGANIZATION
THE NEIGHBORHOOD DEVELOPERS INC
DISTRIBUTION TO ORGANIZATION
AVENUE CDC
$16,947DISTRIBUTION TO ORGANIZATION
HUDSON RIVER HOUSING INC
$11,714DISTRIBUTION TO ORGANIZATION
NEIGHBORWORKS HOME SOLUTIONS
$10,937DISTRIBUTION TO ORGANIZATION