2021-03-26T10:31:52-05:00 2019-12-31 810926770 NCHENG LLP 40 WALL STREET SUITE 3222 NEW YORK NY 10005 990 2019-01-01 300021150 NEW YORK MORTGAGE COALITION INC NEWY 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 CAROLYN REBECCA SENN EXECUTIVE DIRECTOR 2127420762 2021-03-25 1 KWABINA APPIAH P02057318 2127850100 2021-03-25 2019 2022-09-23 18:48:47Z X X CAROLYN REBECCA SENN 14 WALL STREET 20TH FL NEW YORK NY 10005 872846 0 X WWW.NYMC.ORG X 2001 NY EXPANDING HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES 18 18 5 0 0 0 2776842 809014 35966 23513 1573 40286 -98 33 2814283 872846 712039 624298 0 0 239172 267724 0 0 10772 137185 243199 1088396 1135221 1725887 -262375 2768399 2480663 436156 407070 2332243 2073593 X 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 FORECLOSURE PREVENTION PROGRAMS. 0 0 1052743 624298 23546 HOUSING COUNSELING PROGRAM : NYMC HOUSING COUNSELING AGENCIES PROVIDE HOUSING COUNSELING SERVICES FOR OVER 2,600 CLIENTS IN 2019. 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. IN 2019 NYMC GENERATED 477 MORTGAGE COMMITMENTS. 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. 1052743 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CAROLYN REBECCA SENN 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 MARIE PEDRAZA VICE PRESIDENT 5.00 X X 0 0 0 DEBORAH L JOHNSON PRESIDENT 5.00 X X 0 0 0 ERICA BUCKELY MEMBER 2.00 X 0 0 0 MARIADELE PRIEST SECRETARY 2.00 X X 0 0 0 BARBARA A KELLY MEMBER 2.00 X 0 0 0 BERNADETTE M MUELLER MEMBER 2.00 X 0 0 0 AMY FLORES MEMBER 2.00 X 0 0 0 CHARLES BUTLER MEMBER 2.00 X 0 0 0 MARK WENITZKY MEMBER 2.00 X 0 0 0 JONATHAN VAZCONES MEMBER 2.00 X 0 0 0 DONALD E TOM TREASURER 5.00 X X 0 0 0 MARK CASTLE MEMBER 2.00 X 0 0 0 MICHAEL ESPOSITO MEMBER 1.00 X 0 0 0 PETER ELKOWITZ MEMBER 2.00 X 0 0 0 ROSEMARIE NOONAN MEMBER 2.00 X 0 0 0 JANINE RANSKI MEMBER 2.00 X 0 0 0 NAIMA OYO MEMBER 2.00 X 0 0 0 ANIE AKPE-LEWIS MEMBER 2.00 X 0 0 0 CAROLYN REBECCA SENN EXECUTIVE DIRECTOR 40.00 X 94874 0 12561 94874 0 12561 0 0 0 0 0 455000 354014 809014 ADMINISTRATIVE FEE REV 453310 13200 13200 PROGRAM INCOME 561000 10313 10313 23513 40286 40286 MISCELLANEOUS INCOME 453000 33 33 33 872846 23546 0 40286 X 624298 624298 113615 85211 22723 5681 111339 104129 7210 3628 2721 726 181 19693 16640 2560 493 19449 16434 2529 486 35978 12439 23539 123619 121780 1638 201 523 523 20280 15065 1538 3677 28439 24173 4266 14715 13512 1150 53 3862 3287 575 1570 1334 236 1335 1335 PROGRAM FEES 5700 5700 OTHER EXPENSES 4642 3484 1158 TRAINING 2000 2000 MEMBERSHIPS AND SUBSCRI 536 536 1135221 1052743 71706 10772 290005 67422 2021979 306620 305617 211354 144638 128246 2860 2150 9415 1569 0 7846 1753725 3300 3300 2768399 2480663 18780 48854 279376 219366 138000 138850 436156 407070 X 910368 1526718 1421875 546875 2332243 2073593 2768399 2480663 -262375 3725 0 X X 0 1 X 1 0 X 868072 916142 1026792 1026842 809014 4646862 868072 916142 1026792 1026842 809014 4646862 1372755 3274107 264 260 260 1573 40286 42643 128 33 161 4689666 223732 0.69820 0.70320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9415 1569 7846 7846 DUE TO COUNSELING GROUPS 88850 DEFERRED MEMBERSHIP DUES 50000 138850 X 876571 3725 3725 872846 0 872846 1135221 0 1135221 0 1135221 PART X, LINE 2: 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, 2016 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE PROPER TAX AUTHORITIES. 1 ASIAN AMERICANS FOR EQUALITY 2 ALLEN STREET NEW YORK NY 10002 133187792 IRC SECTION 501(C)(3 50000 FINANCIAL COUNSELING & TECHNOLOGY CHHAYA CDC 37-43 77TH STREET 2ND FLOOR JACKSON HEIGHTS NY 11372 113580935 IRC SECTION 501(C)(3 37500 FINANCIAL COUNSELING & TECHNOLOGY HOUSING ACTION COUNCIL 55 SOUTH BROADWAY TARRYTOWN NY 10591 132846967 IRC SECTION 501(C)(3 83373 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY HARLEM CONGREGATION FOR COMMUNITY IMPROVEMENT 256 WEST 153RD STREET NEW YORK NY 10039 133516262 IRC SECTION 501(C)(3 67815 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY LONG ISLAND HOUSING PARTNERSHIP 180 OSER AVENUE HAUPPAUGE NY 11788 112889068 IRC SECTION 501(C)(3 50000 FINANCIAL COUNSELING & TECHNOLOGY IMPACCT BROOKLYN 1000 DEAN STREET BROOKLYN NY 11238 112451752 IRC SECTION 501(C)(3 36000 FINANCIAL COUNSELING & TECHNOLOGY NEIGHBORS HELPING NEIGHBORSFIFTH AVENUE COMMITTEE 621 DEGRAW STREET BROOKLYN NY 11217 113059958 IRC SECTION 501(C)(3 65344 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY MHANY MANAGEMENT INC 1 METRO-TECH NORTH 11TH FLOOR BROOKLYN NY 11201 721303737 IRC SECTION 501(C)(3 34202 HOUSING COUNSELING BETTER NEIGHBORHOODS INC 120 EMMONS STREET ROOM 121 SCHENECTADY NY 12304 141504550 IRC SECTION 501(C)(3 38307 HOUSING COUNSELING NEIGHBORHOOD HOUSING SERVICE OF JAMAICA INC 89-70 162ND STREET JAMAICA NY 11432 237398279 IRC SECTION 501(C)(3 20491 HOUSING COUNSELING NEIGHBORHOOD HOUSING SERVICE OF NEW HAVEN INC 333 SHERMAN AVENUE NEW HAVEN CT 06511 061021268 IRC SECTION 501(C)(3 22712 HOUSING COUNSELING ARBOR HOUSING AND DEVELOPMENT 26 BRIDGE STREET CORNING NY 14830 161166737 IRC SECTION 501(C)(3 24450 HOUSING COUNSELING NORTHFIELD COMMUNITY LOCAL DEVELOPMENT CORPORATION 160 HEBERTON AVE STATEN ISLAND NY 10302 132974137 IRC SECTION 501(C)(3 31104 HOUSING COUNSELING & TECHNOLOGYHOUSING COUNSELING & TECHNOLOGY THE PRESERVATION COMPANY 1037 MAIN STREET PEEKSKILL NY 10566 133352053 IRC SECTION 501(C)(3 11348 HOUSING COUNSELING AFFORDABLE HOUSING PARTNERSHIP 255 ORANGE STREET ALBANY NY 12210 141724900 IRC SECTION 501(C)(3 44000 HOUSING COUNSELING CENTRAL ISLIP CIVIC COUNCIL 68 WHEELER ROAD CENTRAL ISLIP NY 11722 112739993 IRC SECTION 501(C)(3 7652 HOUSING COUNSELING 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, SECTION B, LINE 11B 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, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH DIRECTOR IS REQUIRED TO COMPLETE A DIRECTOR DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A 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, SECTION C, LINE 19 INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OFFICE CONSULTANTS: PROGRAM SERVICE EXPENSES 107,340. MANAGEMENT AND GENERAL EXPENSES 593. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,933. WEB DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,645. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,645. PAYROLL SERVICES FEES: PROGRAM SERVICE EXPENSES 6,795. MANAGEMENT AND GENERAL EXPENSES 1,045. FUNDRAISING EXPENSES 201. TOTAL EXPENSES 8,041. STIPENDS - INTERNS / EXTERNS: PROGRAM SERVICE EXPENSES 6,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,000. FORM 990, PART XII, LINE 2C: NYMC HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.