2019-10-31T09:25:02-05:00 2018-12-31 810926770 NCHENG LLP 40 WALL STREET SUITE 3222 NEW YORK NY 10005 990 2018-01-01 300021150 NEW YORK MORTGAGE COALITION INC NEWY 2127420762 85 BROAD STREET 17TH FLOOR NEW YORK NY 10004 CAROLYN REBECCA SENN EXECUTIVE DIRECTOR 2127420762 2019-10-15 1 ALWAYNE BURKE P01623706 2127850100 2019-10-15 65.206.80.74 2019-10-15 13:41:51 ED P A1B4EC47EFF4E00FBD6516C6A8554FF1F6CE1C85 A1B4EC47EFF4E00FBD6516C6A8554FF1F6CE1C85 2018 2019-02-21 02:37:17Z CAROLYN REBECCA SENN 85 BROAD STREET 17TH FLOOR NEW YORK NY 10004 2833412 0 X WWW.NYMC.ORG X 2001 NY EXPANDING HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES 22 22 3 0 0 89 1026792 2776842 29151 35966 260 1573 0 -98 1056203 2814283 681012 712039 0 0 185312 239172 0 0 8448 144114 137185 1010438 1088396 45765 1725887 961983 2768399 355627 436156 606356 2332243 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 1008420 712039 35966 HOUSING COUNSELING PROGRAM : NYMC HOUSING COUNSELING AGENCIES PROVIDE HOUSING COUNSELING SERVICES FOR OVER 2,600 CLIENTS IN 2018. 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 2018 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. 10000 FINANCIAL WEBINARS - NEW YORK MORTGAGE COALITION FACILITATED EIGHT WEBINARS ON FINANCIAL TOPICS CO-PRESENTED BY HARLEM CONGREGATIONS FOR COMMUNITY IMPROVEMENT. MATERIALS COVERED INCLUDE CREDIT, MONEY MANAGEMENT, AND BUDGETING. 1018420 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 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 3 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 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 85 BROAD STREET17TH FLOOR NEW YORK NY 10004 MARIE PEDRAZA VICE PRESIDENT 5.00 X X 0 0 0 DEBORAH L JOHNSON PRESIDENT 5.00 X X 0 0 0 ANTHONY J MANCUSI TREASURER 2.00 X 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 CHERYL DAVIS MEMBER 2.00 X 0 0 0 DEBRA WASHINGTON MEMBER 2.00 X 0 0 0 JASON C JEFFERIES NON-VOTING MEMBER 2.00 X 0 0 0 DONALD E TOM MEMBER 2.00 X 0 0 0 JOSEPH WEISBORD NON-VOTING MEMBER 2.00 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 DWAYNE JONES 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 VLADIMER ORTEGA MEMBER 2.00 X 0 0 0 CAROLYN REBECCA SENN EXECUTIVE DIRECTOR 40.00 X 90694 0 10403 90694 0 10403 0 0 0 0 0 493750 40544 466540 1776008 2776842 ADMINISTRATIVE FEE REV 453310 22650 22650 PROGRAM INCOME 561000 13316 13316 35966 1573 1573 19031 40544 19129 -98 -98 2814283 35966 0 1475 712039 712039 91940 68955 18388 4597 106102 99133 6969 4594 3899 588 107 20080 17043 2571 466 16456 13967 2107 382 31119 10679 20440 25731 24456 1100 175 140 140 12922 8512 1875 2535 25478 21656 3822 4071 3464 531 76 3349 2892 347 110 1466 1466 PROGRAM FEES 12350 12350 TRAINING 10182 10182 OTHER EXPENSES 7454 7000 454 MEMBERSHIPS AND SUBSCRI 2923 2193 730 1088396 1018420 61528 8448 300124 290005 270406 2021979 317551 305617 68400 144638 2202 2860 3300 3300 961983 2768399 17916 18780 292211 279376 45500 138000 355627 436156 X 604856 910368 1500 1421875 606356 2332243 961983 2768399 1725887 0 X X 0 1 X 1 0 X 969623 868072 916142 1026792 1026842 4807471 969623 868072 916142 1026792 1026842 4807471 1424842 3382629 269 264 260 260 1573 2626 128 128 4810225 316945 0.70320 0.74130 X 0 DUE TO COUNSELING GROUPS 88000 DEFERRED MEMBERSHIP DUES 50000 138000 X 2814283 0 2814283 0 2814283 1088396 0 1088396 0 1088396 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, 2015 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE PROPER TAX AUTHORITIES. 25TH ANNIVERSARY GALA 59575 40544 19031 847 2936 7746 7600 59575 40544 19031 847 2936 7746 7600 19129 -98 1 ASIAN AMERICANS FOR EQUALITY 2 ALLEN STREET NEW YORK NY 10002 133187792 IRC SECTION 501(C)(3 50850 FINANCIAL COUNSELING & TECHNOLOGY CHHAYA CDC 37-43 77TH STREET 2ND FLOOR JACKSON HEIGHTS NY 11372 113580935 IRC SECTION 501(C)(3 35850 FINANCIAL COUNSELING & TECHNOLOGY HOUSING ACTION COUNCIL 55 SOUTH BROADWAY TARRYTOWN NY 10591 132846967 IRC SECTION 501(C)(3 82035 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY HARLEM CONGREGATION FOR COMMUNITY IMPROVEMENT 256 WEST 153RD STREET NEW YORK NY 10039 133516262 IRC SECTION 501(C)(3 107595 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY LONG ISLAND HOUSING PARTNERSHIP 180 OSER AVENUE HAUPPAUGE NY 11788 112889068 IRC SECTION 501(C)(3 50850 FINANCIAL COUNSELING & TECHNOLOGY IMPACCT BROOKLYN 1000 DEAN STREET BROOKLYN NY 11238 112451752 IRC SECTION 501(C)(3 35850 FINANCIAL COUNSELING & TECHNOLOGY NEIGHBORS HELPING NEIGHBORSFIFTH AVENUE COMMITTEE 621 DEGRAW STREET BROOKLYN NY 11217 113059958 IRC SECTION 501(C)(3 67672 FINANCIAL AND HOUSING COUNSELING & TECHNOLOGY MHANY MANAGEMENT INC 1 METRO-TECH NORTH 11TH FLOOR BROOKLYN NY 11201 721303737 IRC SECTION 501(C)(3 41757 HOUSING COUNSELING BETTER NEIGHBORHOODS INC 120 EMMONS STRREET ROOM 121 SCHENECTADY NY 12304 141504550 IRC SECTION 501(C)(3 11386 HOUSING COUNSELING NEIGHBORHOOD HOUSING SERVICE OF JAMAICA INC 89-70 162ND STREET JAMAICA NY 11432 237398279 IRC SECTION 501(C)(3 60800 HOUSING COUNSELING NEIGHBORHOOD HOUSING SERVICE OF NEW HAVEN INC 333 SHERMAN AVENUE NEW HAVEN CT 06511 061021268 IRC SECTION 501(C)(3 31720 HOUSING COUNSELING ARBOR HOUSING AND DEVELOPMENT 26 BRIDGE STREET CORNING NY 14830 161166737 IRC SECTION 501(C)(3 29878 HOUSING COUNSELING NORTHFIELD COMMUNITY LOCAL DEVELOPMENT CORPORATION 160 HEBERTON AVE STATEN ISLAND NY 10302 132974137 IRC SECTION 501(C)(3 32757 HOUSING COUNSELING & TECHNOLOGYHOUSING COUNSELING & TECHNOLOGY THE PRESERVATION COMPANY 1037 MAIN STREET PEEKSKILL NY 10566 133352053 IRC SECTION 501(C)(3 13122 HOUSING COUNSELING AFFORDABLE HOUSING PARTNERSHIP 255 ORANGE STREET ALBANY NY 12210 141724900 IRC SECTION 501(C)(3 46900 HOUSING COUNSELING CENTRAL ISLIP CIVIC COUNCIL 68 WHEELER ROAD CENTRAL ISLIP NY 11722 112739993 IRC SECTION 501(C)(3 12074 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 XII, LINE 2C: NYMC HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.