Association For Energy Affordability Inc

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 12/2022, Association For Energy Affordability Inc employed 122 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 12/2022, Association For Energy Affordability Inc generated $27.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $26.0m during the year ending 12/2022. While expenses have increased by 4.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

AEA CALIFORNIA IMPLEMENTS ENERGY, EDUCATION AND TRAINING PROGRAMS AND RESEARCH AND DEMONSTRATION PROJECTS TO IMPROVE HOUSING AFFORDABILITY, HEALTH, SAFETY, AND COMFORT IN LOW-INCOME AND DISADVANTAGED COMMUNITIES WHILE ALLEVIATING ENERGY USE AND GREENHOUSE GAS EMISSIONS. OUR PROGRAM IMPLEMENTATIONS FACILITATE OVER A HUNDRED ENERGY RETROFIT PROJECTS IN MULTIFAMILY BUILDINGS ANNUALLY, BENEFITING MORE THAN SIX THOUSAND LOW-INCOME TENANTS. AEA CALIFORNIA'S LARGEST PROGRAM, THE LOW INCOME WEATHERIZATION PROGRAM, ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF COMMUNITY SERVICES AND DEVELOPMENT, HAS DEPLOYED MORE THAN $44M IN INCENTIVES TO 10,393 LOW-INCOME MULTIFAMILY HOUSEHOLDS, WHICH SAVES 19,655,614 KILOWATT-HOURS, 1,059,379 THERMS, AND 11,825 METRIC TONS OF CO2E YEARLY.


MOST OTHER PROGRAMS INVOLVE UTILITY, TECHNICAL, AND NEW CONSTRUCTION WORK. UTILITY INSTALLS LED LIGHTING, SHOWERHEADS, STEAM TRAPS, BATH AND KITCHEN AERATORS. THIS YEAR, 3,035 RESIDENCES WERE SERVED, AND 27,112 KILOWATT-HOURS AND 1,356,842 THERMS OF ENERGY WERE SALVAGED. TECHNICAL SERVICES PRIMARILY OVERSEE ENERGY AUDITS AND RETRO-COMMISSIONING PROJECTS TO COMPLY WITH NYC LL-87 LAW AND ELECTRIFICATION STUDIES, EQUIPMENT SPECIFICATIONS, AND CONSTRUCTION FOR LOW-CARBON AND ENERGY-SAVING BUILDING UPGRADES. OVER 7,700 UNITS BENEFITED. NEW CONSTRUCTION FACILITATES AFFORDABLE HOUSING DEVELOPMENT AND CERTIFICATIONS UNDER THE ENTERPRISE GREEN COMMUNITIES PROGRAM. THE MEDIAN ENERGY SAVINGS ACHIEVED WAS A 17.16% IMPROVEMENT OVER THE ASHRAE 90.1 STANDARD.


THE FEDERAL GOVERNMENT IMPLEMENTED THE AMERICAN RESCUE PLAN ACT IN 2021, WHICH SET ASIDE FUNDING FOR ELECTRIFICATION SERVICES, SUCH AS INSTALLING HEAT PUMPS, WATER HEATERS, MINI-SPLIT SYSTEMS, AND WINDOW REPLACEMENTS. AEA PERFORMED THESE SERVICES IN THE BRONX AND BROOKLYN, REACHING 238 UNITS.


WEATHERIZATION ASSISTANCE DIRECTLY PROVIDES WEATHERIZATION SERVICES TO LOW-INCOME COMMUNITIES AND SUPPORTS COMMUNITY-BASED ORGANIZATIONS THROUGH ENERGY AUDITS, TRAINING, AND TECHNICAL SERVICES IN NEW YORK. THE PROGRAM REACHED 535 UNITS IN 2022, CONSISTING OF SMALL HOMES AND MULTIFAMILY BUILDINGS.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Reiber
Secretary / Treasurer
$0
Gary Brown
Vice Chair
$0
Joseph Barden
Chairman
$0
Karen Jackson-Campbell
Director (outgoing)
$0
Wendell Rice
Vice-Chairman (outgoing)
$0
David Hepinstall
Executive Director
$230,202

Outside Vendors & Contractors

Vendor Name (Service)Compensation
405 Rider Avenue Realty Llc
Contractors
$769,280
Hsp A Ca Limited Partnership
Contractors
$164,749
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$500
Fundraising events$0
Related organizations$0
Government grants $16,445,184
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$16,445,684
Total Program Service Revenue$11,390,036
Investment income $30,391
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 $27,867,301

Peer Organizations

Organization NameAssets
Association For Energy Affordability Inc
Bronx, NY
$27,867,301
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Rebuilding Together Nyc
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Neighborhood Housing Services Of Brooklyn Cdc Inc
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$2,733,752
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Northwest Pennsylvania Weatherization Inc
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$0
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Kingdom Proprietors Inc
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