2021-12-20T07:51:39-08:00 2020-12-31 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2020-01-01 300021150 NEW YORK MORTGAGE COALITION INC NEWY 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 CAROLYN REBECCA SENN Executive Director 2021-12-20 true CAROLYN REBECCA SENN 999009999 Kwabina Appiah P02057318 2127850100 0 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z CAROLYN REBECCA SENN 14 WALL STREET 20TH FL NEW YORK NY 10005 979679 false X WWW.NYMC.ORG X 2001 NY EXPANDING HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES. 15 15 4 0 809014 929208 23513 26205 40286 24261 33 5 872846 979679 624298 618258 0 267724 245735 0 7721 243199 151000 1135221 1014993 -262375 -35314 2480663 2530347 407070 495166 2073593 2035181 THE NEW YORK MORTGAGE COALITION (NYMC) IS A NONPROFIT COLLABORATION OF FINANCIAL INSTITUTIONS AND COMMUNITY HOUSING AGENCIES FOCUSED ON EXPANDING THE OPPORTUNITY FOR RESPONSIBLE AND SUSTAINABLE HOMEOWNERSHIP TO MINORITY, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN FIVE BOROUGHS OF NEW YORK, AS WELL AS THE SURROUNDING COUNTIES OF NASSAU, SUFFOLK, DUTCHESS, ORANGE, ROCKLAND, AND WESTCHESTER.NYMC SUPPORTS ITS NEIGHBORHOOD-BASED NONPROFIT MEMBERS IN THEIR PRE-PURCHASE COUNSELING, POST-PURCHASE EDUCATION, AND FINANCIAL LITERACY PROGRAMS. COALITION MEMBERS PROVIDE THE PUBLIC WITH ACCESS TO THE TOOLS TO ACHIEVE THE DREAM OF HOMEOWNERSHIP INCLUDING INFORMATION ON COMPETITIVE, FIXED-RATE LOANS, CLOSING COST GRANTS, AND DOWN PAYMENTS ASSISTANCE. NYMC ALSO SUPPORTS ITS MEMBER AGENCIES WHO PLAY A LEADING ROLE IN PRESERVING HOMEOWNERSHIP OFFERING INFORMATIONAL WORKSHOPS AND ONE-ON-ONE COUNSELING TO TROUBLED HOMEOWNERS THROUGH FORCLOSURE PREVENTION PROGRAM. false false 934115 618258 26205 HOUSING COUNSELING PROGRAM: NYMC HOUSING COUNSELING AGENCIES PROVIDE HOUSING COUNSELING SERVICES. CLIENTS WHO RECEIVE A HOMEOWNERSHIP CERTIFICATE OF COMPLETION MUST COMPLETE A MINIMUM OF 8 HOURS OF EDUCATION; 6 HOURS IN A CLASSROOM SETTING AND 2 HOURS OF ONE-ON-ONE COUNSELING WITH A HOMEOWNERSHIP COUNSELOR. 2 OUT OF 3 CLIENTS ENROLLED IN NYMC'S ONE-ON-ONE COUNSELING PROGRAM BECOME MORTGAGE-READY WITHIN 6 TO 12 MONTHS. SINCE INCEPTION, NYMC HAS PROVIDED HOMEOWNERSHIP COUNSELING TO MORE THAN 30,000 LOW TO MIDDLE INCOME FAMILIES AND HELPED ORIGINATE OVER $1 BILLION IN AFFORDABLE FIRST-HOME MORTGAGES. 934115 true true false false false false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 2 0 true 4 true false false false false false false false 0 false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false NY X CAROLYN REBECCA SENN 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 CAROLYN REBECCA SENN Executive Dir. 40.00 0.00 X 114189 0 12865 Deborah L Johnson President 5.00 0.00 X X 0 0 0 Marie Pedraza Vice President 5.00 0.00 X X 0 0 0 Donald E Tom Treasurer 5.00 0.00 X X 0 0 0 Mariadele Priest Secretary 5.00 0.00 X X 0 0 0 Barbara A Kelly Member 2.00 0.00 X 0 0 0 Bernadette M Mueller Member 2.00 0.00 X 0 0 0 Charles Butler Member 2.00 0.00 X 0 0 0 Dwayne Jones Member 2.00 0.00 X 0 0 0 Erica Buckely Member 2.00 0.00 X 0 0 0 Janine Ranski Member 2.00 0.00 X 0 0 0 Mark Castle Member 2.00 0.00 X 0 0 0 Mark Wenitzky Member 2.00 0.00 X 0 0 0 Michael Esposito Member 1.00 0.00 X 0 0 0 Peter Elkowitz Member 2.00 0.00 X 0 0 0 Rosemarie Noonan Member 2.00 0.00 X 0 0 0 Jonathan Vazcones Member 2.00 0.00 X 0 0 0 114189 12865 1 false false false 0 440000 360208 129000 929208 ADMINISTRATIVE FEE REV 453310 13700 13700 PROGRAM INCOME 561000 12505 12505 26205 24261 24261 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 453000 5 5 5 979679 26210 24261 618258 618258 0 0 0 126539 95291 25411 5837 0 85859 75846 10013 0 17485 14726 2536 223 15852 12829 2610 413 0 0 28268 8834 19434 0 0 0 74008 71519 2267 222 190 190 7867 5866 975 1026 0 0 19917 16929 2988 1888 1481 407 0 0 0 0 3139 2667 472 2096 2096 PROGRAM SERVICE 6400 6400 Miscellaneous 3758 3758 DUES AND SUBSCRIPTIONS 3319 3319 Training 150 150 0 1014993 934115 73157 7721 67422 274601 306620 134722 211354 280288 128246 82740 0 0 0 0 2150 2661 9415 4708 7846 4707 1753725 1750628 0 0 0 3300 0 2480663 2530347 48854 53520 219366 251046 36600 138850 154000 407070 495166 X 1526718 1910181 546875 125000 2073593 2035181 2480663 2530347 -35314 -3098 X X false true X true false X 916142 1026792 1026842 809014 929208 4707998 0 0 916142 1026792 1026842 809014 929208 4707998 1045988 3662010 260 260 1573 40286 24261 66640 0 33 5 38 4774676 0.76700 0.69820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9415 4708 4707 4707 DEFERRED MEMBERSHIP DUES 20000 DUE TO COUNSELING GROUPS 134000 154000 X 976581 -3098 -3098 979679 979679 1014993 1014993 1014993 Part X : FIN48 Footnote BECAUSE OF ITS GENERAL TAX-EXEMPT STATUS, MANAGEMENT HAS NOT AND IS NOT ANTICIPATING TO HAVE MATERIAL AND UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX POSITIONS. TAX FILING PERIODS ENDING DECEMBER 31, 2017 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE PROPER TAX AUTHORITIES. true Affordable Housing Partnership 255 Orange Street Albany NY 12210 141724900 501(C)(3) 49000 0 Housing COUNSELING Arbor Housing and Development 26 Bridge Street Corning NY 14830 161166737 501(C)(3) 18120 0 Housing COUNSELING Asian American for Equality 2 Allen Street 7th Floor New York NY 10002 133187792 501(C)(3) 50000 0 Financial Counseling & Technology Better Neighborhoods Inc 120 Emmons Strreet Room 121 Schenectady NY 12304 141504550 501(C)(3) 14177 0 Housing COUNSELING Chhaya CDC 37-43 77th Street 2nd Floor Jackson Heights NY 11372 113580935 501(C)(3) 40000 0 Financial Counseling & Technology Harlem Congregation 256 West 153rd Street New York NY 10039 133516262 501(C)(3) 82688 0 Financial and Hsg Counseling & Tech Housing Action Council 55 South Broadway Tarrytown NY 10591 132846967 501(C)(3) 69899 0 Financial and Hsg Counseling & Tech Impacct Brooklyn 1000 Dean Street Brooklyn NY 11238 112451752 501(C)(3) 30000 0 Financial Counseling & Technology Long Island Housing Partnership 180 Oser Avenue Hauppauge NY 11788 112889068 501(C)(3) 50000 0 Financial Counseling & Technology MHANY Management Inc 1 MetroTech Center N 11 Fl Brooklyn NY 11201 721303737 501(C)(3) 31315 0 Housing COUNSELING Neighborhood Housing Services of Jamaica 89-70 162nd Street Jamaica NY 11432 237398279 501(C)(3) 48899 0 Housing COUNSELING Neighborhood Housing Services of New Haven 333 Sherman Ave New Haven CT 06511 061021268 501(C)(3) 38449 0 Housing COUNSELING Neighbors Helping Neighbors 621 Degraw Street Brooklyn NY 11217 113059958 501(C)(3) 67743 0 Financial and Hsg Counseling & Tech Northfield Community LDC 160 Heberton Ave Staten Island NY 10302 132974137 501(C)(3) 14159 0 Housing Counseling & Technology The Preservation Company 1037 Main Street Peekskill NY 10566 133352053 501(C)(3) 10355 0 Housing Counseling 15 0 Additional Supplemental Information PART I, LINE 2:NYMC REQUIRES ALL MEMBER AGENCIES TO SUBMIT A SIGNED AFFILIATE AGREEMENT PRIOR TO DISBURSEMENT OF GRANT FUNDS EACH YEAR. GRANT RECIPIENTS ARE FURTHER REQUIRED TO SUBMIT MONTHLY PERFORMANCE REPORTS THAT DESCRIBE SPECIFIC ACTIVITIES, INCLUDING COUNSELING AND LOAN VOLUME. AGENCIES THAT DO NOT ADHERE TO REPORTING REQUIREMENTS ARE SUBJECT TO REVIEW. Form 990, Part VI, Line 11b: Form 990 Review Process BOARD MEMBERS ARE GIVEN THE FINAL FORM 990 ONCE IT IS COMPLETED AND FILED WITH THE IRS. THESE ARE AVAILABLE UPON REQUEST, AND DISTRIBUTED AT BOARD MEETINGS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ON AN ANNUAL BASIS, EACH DIRECTOR IS REQUIRED TO COMPLETE A DIRECTOR DISCLOSURE STATEMENT. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE ORGANIZATION COLLECTS COMPARATIVE DATA OF APPROPRIATE SALARY FOR THE EXECUTIVE DIRECTOR POSITION AND SHARES IT WITH BOARD MEMBERS. THE BOARD REVIEWS AND APPROVES THE CURRENT SALARY OF THE EXECUTIVE DIRECTOR. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2: Change of Oversight or Selection Process NYMC HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.