Rent Stabilization Association Of New York City Inc

Organization Overview

Rent Stabilization Association Of New York City Inc is located in New York, NY. The organization was established in 1970. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Rent Stabilization Association Of New York City Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rent Stabilization Association Of New York City Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Rent Stabilization Association Of New York City Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Rent Stabilization Association Of New York City Inc has awarded 38 individual grants totaling $5,960,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVOCATES FOR THE PROPERTY RIGHTS OF ITS MEMBERS (RENT-REGULATED PROPERTY OWNERS IN NEW YORK CITY) THROUGH LEGISLATIVE AND LEGAL ACTION, KEEPS ITS MEMBERSHIP INFORMED ON CRITICAL ISSUES THROUGH ITS NEWSLETTER, SEMINARS, WEBSITE AND OTHER OUTREACH MECHANISMS AND PROVIDES OWNERS WITH SERVICES THEY NEED, EITHER DIRECTLY OR BY REFERRAL, TO MAINTAIN AND OPERATE THEIR PROPERTIES WITHIN LEGAL REQUIREMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIP DUES- MEMBERSHIP INCOME IS BASED ON A FEE OF $7.00 PER APARTMENT/UNIT. DUES ARE USED FOR PROVIDING INFORMATION REGARDING RENT STABILIZED APARTMENTS VIA NEWSLETTER, EMAIL & OTHER PUBLICATIONS. THE ORGANIZATION IS ACTIVE IN REPRESENTING THE INTERESTS OF OWNERS BEFORE THE STATE AND LOCAL GOVERNMENTS. RSA SUPPLIES DATA TO THE RENT GUIDELINES BOARD IN ITS DELIBERATIONS WITH REGARD TO RENT INCREASES FOR RENT STABILIZED APARTMENTS, AND HOLDS DISCUSSIONS AND MEETINGS WITH GOVERNMENT ON TECHNICAL CHANGES AND BUILDING REGULATIONS INVOLVED WITH MEMBERS' BUILDINGS.


SAFETY RELATED SERVICES-WINDOW GUARD/LEAD PAINT SERVICES: THESE SERVICES CONSISTS OF MAILINGS TO OVER 400,000 TENANTS SO THAT REAL ESTATE OWNERS AND MANAGEMENT AGENTS CAN DETERMINE IF WINDOW GUARDS NEED TO BE INSTALLED IN ACCORDANCE WITH NEW YORK CITY LAW. FIRE SAFETY SERVICE: ON AN ANNUAL BASIS, ALL OWNERS OF MULTIPLE DWELLINGS MUST COMPLY WITH THE NEW YORK CITY FIRE DEPARTMENT REGULATIONS, REQUIRING OWNERS TO PREPARE AND DISTRIBUTE A FIRE SAFETY PLAN CONTAINING FIRE SAFETY AND EVACUATION PROCEDURES.ADDITIONALLY, IT IS REQUIRED FOR OWNERS TO DISTRIBUTE AND POST A FIRE SAFETY NOTICE INFORMING RESIDENTS OF PROCEDURES TO BE FOLLOWED IN THE EVENT OF A FIRE IN THE BUILDING. RSA FIRE SAFETY SERVICES PREPARES AND DISTRIBUTES ALL REQUIRED INFORMATION, INCLUDING:-DEVELOPMENT OF A CUSTOMIZED FIRE SAFETY PLAN FOR EACH BUILDING-MAILING FIRE SAFETY PLAN TO ALL TENANTS AND BUILDING EMPLOYEES -FURNISHING APPROPRIATE FIRE SAFETY NOTICES (LONG-LASTING SELF ADHESIVE VINYL) TO BE POSTED IN INDIVIDUAL APARTMENTS-PROVIDING PROOF OF MAILING AND MEETING FOUR YEAR RECORD REQUIREMENTS


LEGAL FUND- THE LEGAL FUND CONSISTS OF VOLUNTARY CONTRIBUTIONS RESTRICTED TO MATTERS RELATED TO REGULATIONS AND LAWS ENACTED ON FEDERAL, STATE AND LOCAL LEVELS, AND TO ASSIST MEMBERS IN INITIATING AND APPEALING LITIGATION CLAIMS. SUCH REVENUE IS RECOGNIZED AT THE TIME WHEN CONTRIBUTIONS ARE MADE.


RENT REGISTRATION- THIS SERVICE PROVIDES REGISTRATION OF RENT STABILIZED APARTMENTS AND RECORD/INFORMATION RETENTION AS REQUIRED BY NEW YORK STATE DIVISION OF HOUSING & COMMITTEE RENEWAL (DHCR).LEASE RENEWAL SERVICE- RSA SENDS OUT FORMS TO LANDLORDS FOR THE RENEWAL OF THE TENANTS' LEASES, AS SCHEDULED, PRIOR TO THE LEASE EXPIRATIONS. THE LEASES PROVIDE FOR CHOICES OF ONE AND TWO YEAR RENEWALS AND THE APPROPRIATE INCREASES.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Strasburg
President
$1,005,083
Frank Ricci
Executive Vice President
$293,884
Olga Someras
General Counsel
$211,508
Mitchell Posilkin
General Counsel
$187,386
Maria Aguas
Controller
$174,999
Melody Leon
Asst. Controller
$154,782

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gibson Dunn & Crutcher Llp
Legal Services
$1,564,883
Matrix Imaging Solutions Inc
Data Processing
$193,446
Enterprise Payment System
Postage
$126,297
Dickinson & Avella Pllc
Lobbying Services
$120,000
Continental Management Solutions
Data Processing
$477,600
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,751,279
Investment income $1,853,260
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,918,496
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,745,937

Grants Awarded

Over the last fiscal year, Rent Stabilization Association Of New York City Inc has awarded $3,472,500 in support to 27 organizations.

Grant RecipientAmount

REPUBLIC STATE LEADERSHIP COMMITTEE

PURPOSE: GENERAL SUPPORT

$500,000

REPUBLIC STATE LEADERSHIP COMMITTEE

PURPOSE: GENERAL SUPPORT

$500,000

STATE GOVERNMENT LEADERSHIP FOUNDATION

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$500,000

STATE GOVERNMENT LEADERSHIP FOUNDATION

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$500,000

REPUBLIC STATE LEADERSHIP COMMITTEE

PURPOSE: GENERAL SUPPORT

$500,000

STATE GOVERNMENT LEADERSHIP FOUNDATION

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$500,000
View Grant Profile

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