PLATINUM2023

New Economy Project

Building a Just Economy for All

New York, NY   |  www.neweconomynyc.org

Mission

New Economy Project’s mission is to build an economy that works for all, rooted in racial and social justice, cooperation, neighborhood equity, and ecological sustainability. We believe another world is possible and that fundamental change is needed to achieve that world. We pursue lasting, transformational change by fighting systemic discrimination, and by supporting cooperative and community-led development in Black and brown NYC neighborhoods. This dual strategy is part of our theory of change. Our work is focused on New York City, and also has statewide and national impact. New Economy was established in 1995, and was formerly known as the Neighborhood Economic Development Advocacy Project.

Ruling year info

1996

Founder & Co-Director

Sarah Ludwig

Co-Director

Deyanira Del Rio

Main address

121 W. 27th Street Suite 804

New York, NY 10001 USA

Show more contact info

Formerly known as

Neighborhood Economic Development Advocacy Project (NEDAP)

EIN

13-3842270

NTEE code info

Civil Rights, Social Action, and Advocacy N.E.C. (R99)

Community Improvement, Capacity Building N.E.C. (S99)

Research Institutes and/or Public Policy Analysis (L05)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2022, 2021 and 2021.
Register now

Communication

Blog

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

New Economy Project, Inc. (fka NEDAP)

Core campaigns and coalitions include:

* Public Bank NYC
* NYC Community Land Initiative
* NYS Community Equity Agenda
* Financial Justice hotline and legal advocacy
* New Economy Loan Fund

Population(s) Served
Social and economic status
Age groups
Ethnic and racial groups

New Economy Project coordinates Public Bank NYC, a broad-based coalition of community, worker justice, environmental, and economic justice groups. The coalition is pressing for the creation of a municipal public bank in NYC, as part of a broader vision for economic and racial justice..

Population(s) Served
Economically disadvantaged people
Adults

New Economy Project coordinates the New York State Community Equity Agenda, a broad-based coalition of more than 40 organizations fighting for a economic democracy and racial justice. Launched in 2017, the coalition works to advance a just economy and build institutions that are led by and support Black, brown, and working class communities. The Community Equity Agenda coalition believes that New York must pursue community economic development that creates infrastructure for building wealth, power, resiliency, and self-determination, in historically-redlined communities. Policy priorities include concrete actions that New York can and must take right now to lay critical groundwork for a just recovery and future rooted in racial and social justice, workers' rights, cooperation, and ecological sustainability.

Population(s) Served
Economically disadvantaged people
Ethnic and racial groups
Age groups

New Economy Project coordinates various community land trust (CLT) and social housing initiatives, and plays a key role in the NYC Community Land Initiative (NYCCLI) coalition, an alliance of social justice and affordable housing organizations committed to winning housing for all New Yorkers. NYCCLI includes grassroots, community- and faith-based, labor, and city-wide organizations working to advance CLTs to address root causes of homelessness and displacement.

Population(s) Served
Ethnic and racial groups
Age groups
Economically disadvantaged people

Our legal advocacy focuses on helping low-income New Yorkers fight discrimination and racial wealth extraction in our financial services system. Since 2005, we have operated the NYC Financial Justice Hotline, a free legal assistance program that has served tens of thousands of New Yorkers -- especially Black, brown and immigrant New Yorkers, women, and older adults, routinely targeted by predatory debt collectors, lenders, and financial technology companies. We complement our direct legal assistance with extensive know-your-rights outreach and education, with material and services translated into the ten top languages spoken by New Yorkers. Our direct services provision directly informs our policy advocacy and impact litigation. In response to patterns we have identified on our hotline, we have filed a series of groundbreaking class action lawsuits, securing hundreds of millions of dollars in monetary relief for hundreds of thousands of low-income New Yorkers.

Population(s) Served
Ethnic and racial groups
Economically disadvantaged people
Immigrants and migrants
Incarcerated people
Victims and oppressed people

Where we work

Awards

Union Sq. Award 2002

Union Sq. Awards Program

Harry Chapin World Hunger Year Award 2002

World Hunger Year

Next Generation Leadership Award 2004

The Ford Foundation

New York Times Company Non-Profit Excellence Award 2009

New York Times Company

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of clients assisted with legal needs

This metric is no longer tracked.
Totals By Year
Related Program

New Economy Project, Inc. (fka NEDAP)

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Financials

New Economy Project
lock

Unlock financial insights by subscribing to our monthly plan.

Subscribe

Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more about GuideStar Pro.

Operations

The people, governance practices, and partners that make the organization tick.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

New Economy Project

Board of directors
as of 12/14/2023
SOURCE: Self-reported by organization
Board chair

Azadeh Khalili

New York Women's Foundation

Term: 2023 -

Azadeh Khalili

New York Women's Foundation

Brendan Martin

Seed Commons

Michael Partis

Red Hook Initiative

Shabnam Faruki

Brooklyn Legal Services

Jennifer Ching

North Star Fund

Akilah Browne

FurtherJustice Foundation

Linda Levy

Lower East Side People's Federal Credit Union (retired CEO)

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 12/14/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 10/08/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.