New York · Nonprofit
THE COMMUNITY PRESERVATION CORPORATION
THE COMMUNITY PRESERVATION CORPORATION (New York) receives grants from 3 organizations whose IRS filings report $15,575,881 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,000,000). 1 of them have funded it in more than one year, and 96% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $124M
- Funders on record
- 3
- Grants received
- $16M
- Net assets
- $321M
What The Community Preservation Corporation does
Mission
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.
As stated on its FY2025 Form 990.
Program
The Community Preservation Corporation (cpc) is a private not-for-profit mortgage lender and investor specializing in the financing of low and moderate income housing. Cpc's mission is to work with government to preserve and develop affordable housing in new york and, to a lesser extent, elsewhere. In its 50 years of existence, cpc has financed the rehabilitation or construction of 250,000 affordable housing units. During the year ended june 30, 2025, cpc originated $952,042,521 of public and private funds representing financing on 56,167 units.
$91,288,350 spentof which $372,214 as grants$76,276,478 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $91,288,350.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $1.0B to $1.2B (+21%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 5% · 2018 2% · 2019 13% · 2020 0% · 2021 0% · 2022 0% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
10% of THE COMMUNITY PRESERVATION CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (9% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rafael E Cestero
CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2021 → 2023: the base held at 1 funder, grant income rose $100k → $150k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 96% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $9.9M from one payer (the payer shares this organization's board, largest Enterprise Community Partners Inc). These are real filings, and they are not money THE COMMUNITY PRESERVATION CORPORATION raised.
From the IRS filings of THE COMMUNITY PRESERVATION CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE COMMUNITY PRESERVATION CORPORATION leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE COMMUNITY PRESERVATION CORPORATION.
Largest funder’s share by year: 2021 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
96% of THE COMMUNITY PRESERVATION CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $576k that is directly attributable, 83% of it comes from funders outside New York, across 2 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $15M arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE COMMUNITY PRESERVATION CORPORATION holds deeper cash reserves than three-quarters of the 24 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 24 community improvement nonprofits over $100M, FY2025
Organizations like THE COMMUNITY PRESERVATION CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 3 states
Part of a family of 52 related entities
- Cpc Reo LLC · disregarded
- Cpc Reo Nj LLC · disregarded
- Cpc Reo Ct LLC · disregarded
- Cpc Funding Spe 1 LLC · disregarded
- Cpc Funding Spe 2 LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for THE COMMUNITY PRESERVATION CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE COMMUNITY PRESERVATION CORPORATION?
- THE COMMUNITY PRESERVATION CORPORATION (New York) receives grants from 3 organizations whose IRS filings report $15,575,881 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($15,000,000). 1 of them have funded it in more than one year, and 96% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE COMMUNITY PRESERVATION CORPORATION have?
- IRS filings report 3 organizations giving $15,575,881 in grants to THE COMMUNITY PRESERVATION CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of THE COMMUNITY PRESERVATION CORPORATION?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $15,000,000 in grants. The full list of funders is on this page.
- How can an organization like THE COMMUNITY PRESERVATION CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing