Company description

Dormitory Authority of the State of New York, commonly known as DASNY and with ticker symbol DORM, is a nonprofit public benefit corporation that was established in 1944 by the New York State Legislature. The main objective of DORM is to finance and manage essential public and nonprofit facilities in New York State through the issuance of tax-exempt and taxable bonds. These facilities include higher education institutions, healthcare facilities, office buildings, and cultural and social service centers among others. DORM is committed to delivering these projects on schedule and within budget while maintaining high quality standards. With over 75 years of experience, DORM has proven to be a reliable and trusted partner for various state agencies, municipalities, and nonprofit organizations, serving the needs of New York communities. The company also actively engages in sustainable and environmentally-friendly practices, reducing its carbon footprint and promoting green initiatives in its projects. DORM's strong financial standing and expertise in bond financing have earned it high ratings from major credit rating agencies. As a socially responsible organization, DORM also supports small and minority-owned businesses through its Minority and Women-owned Business Enterprises program. DORM continues to play a vital role in the growth and development of New York's public and nonprofit infrastructure, making it an essential entity for the state's progress.