Association For Energy Affordability Inc
- Assets
- $8.8m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 115
- Location
- Bronx, NY
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 13-3374285
Organization Overview
Association For Energy Affordability Inc is located in Bronx, NY. The organization was established in 1994. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Association For Energy Affordability Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Energy Affordability Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Association For Energy Affordability Inc generated $16.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $14.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AEA'S MISSION IS TO PROMOTE ENERGY AFFORDABILITY THROUGH ENERGY EFFICIENCY IN NEW AND EXISTING BUILDINGS. AEA PROVIDES TRAINING AND TECHNICAL SERVICES IN SUPPORT OF NONPROFIT COMMUNITY BASED ORGANIZATIONS, WHICH PROVIDE LOW INCOME WEATHERIZATION AND ENERGY EFFICIENCY PROGRAM SERVICES, IN NEW YORK AND CALIFORNIA. AEA IS ALSO A DIRECT WEATHERIZATION AND ENERGY EFFICIENCY SERVICES PROVIDER IN NEW YORK. IN ADDITION, AEA IS A PROGRAM IMPLEMENTER, TECHNICAL SERVICES PROVIDER SOLUTIONS PARTNER IN VARIOUS GOVERNMENT AND UTILITY ENERGY EFFICIENCY PROGRAMS IN NEW YORK AND CALIFORNIA. AEA ENGAGES IN THESE BROAD RANGE OF EDUCATIONAL, TECHNICAL AND ENERGY EFFICIENCY MANAGEMENT SERVICES TO ACHIEVE THIS MISSION OF MAKING ENERGY AFFORDABILITY A REALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGNED AND MANAGED PROGRAMS INCLUDING TRAINING WORKERS, DEVELOPING PROTOCOLS TO GUIDE INSTALLATION OF ENERGY EFFICIENCY MEASURES, SUPERVISING CONTRACTORS AND POST-INSPECTIONS.
WEATHERIZATION ASSISTANCE PROGRAMS - PROVIDES TRAINING, ENERGY AUDITS AND OTHER TECHNICAL SERVICES IN SUPPORT OF NON-PROFIT COMMUNITY BASED ORGANIZATIONS WHICH CARRY OUT LOW INCOME WEATHERIZATION ASSISTANCE PROGRAMS IN NEW YORK STATE. ALSO A DIRECT PROVIDER OF WEATHERIZATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Brooks Director - West Coast Opts. | Officer | 35 | $206,295 |
Nicholas Dirr Director Of Multifamily | 35 | $184,334 | |
Peter Hoyle Chief Operating Officer | Officer | 35 | $176,163 |
Nasser Ghaleb Chief Financial Officer | 35 | $164,451 | |
David Hepinstall Executive Director | Officer | 40 | $149,418 |
Amy Dryden Director Of Strategic Innovations | 35 | $144,465 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
405 Rider Avenue Realty Llc Contractors | 12/30/18 | $769,280 |
Hsp A Ca Limited Partnership Contractors | 12/30/18 | $164,749 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,140,709 |
| 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 | $9,141,209 |
| Total Program Service Revenue | $7,554,957 |
| Investment income | $438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,696,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $606,970 |
| Compensation of current officers, directors, key employees. | $164,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,340,238 |
| Pension plan accruals and contributions | $394,989 |
| Other employee benefits | $769,163 |
| Payroll taxes | $740,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,240 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,931 |
| Advertising and promotion | $0 |
| Office expenses | $521,677 |
| Information technology | $44,734 |
| Royalties | $0 |
| Occupancy | $910,266 |
| Travel | $64,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $526,831 |
| All other expenses | $0 |
| Total functional expenses | $14,814,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,557,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,068,233 |
| Accounts receivable, net | $2,858,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,892 |
| Prepaid expenses and deferred charges | $239,665 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,796,586 |
| Accounts payable and accrued expenses | $2,518,816 |
| Grants payable | $0 |
| Deferred revenue | $2,037,847 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,668 |
| Total liabilities | $4,650,331 |
| Net assets without donor restrictions | $4,146,255 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,796,586 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association For Energy Affordability Inc has recieved totaling $560,079.
| Awarding Organization | Amount |
|---|---|
Climate Imperative Foundation San Francisco, CA PURPOSE: TO SUPPORT NEW YORK BUILDINGS | $280,000 |
Climate Imperative Foundation San Francisco, CA PURPOSE: TO SUPPORT NEW YORK BUILDINGS | $280,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Energy Affordability Inc Bronx, NY | $8,796,586 | $16,696,902 |
Bedford Stuyvesant Restoration Corporation Brooklyn, NY | $66,956,082 | $10,958,396 |
Tioga Opportunities Inc Owego, NY | $6,623,346 | $5,643,781 |
Puertorriguenos Asociados For Community Organization Inc Jersey City, NJ | $2,164,949 | $2,929,445 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Bluehub Capital Inc Boston, MA | $18,553,228 | $2,089,518 |
Rebuilding Together Nyc Brooklyn, NY | $1,427,304 | $2,371,566 |
Margert Community Corporation Far Rockaway, NY | $3,330,961 | $2,086,587 |
Neighborhood Housing Services Of Brooklyn Cdc Inc Brooklyn, NY | $1,795,417 | $1,982,493 |
Revitalize Community Development Corporation Springfield, MA | $1,147,655 | $1,631,716 |
Lucille Clark Housing Development Fund Co Inc New York, NY | $2,660,768 | $778,673 |
The Parodneck Foundation For Self-H Elp Housing & Community Dvlpnt Inc New York, NY | $15,240,279 | $682,026 |