2025-11-17T15:08:35-08:00 2024-12-31 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2024-01-01 300021150 NEW YORK MORTGAGE COALITION INC NEWY 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 Deborah Johnson Board President 2025-11-17 true true Nina Bahazhevska P00468170 2127850100 2024 2025-03-06 01:10:19Z Deborah Johnson 14 WALL STREET 20TH FL NEW YORK NY 10005 2391599 false X WWW.NYMC.ORG X 2001 NY EXPANDING HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES. 13 13 4 17 0 1298475 1004972 7770 5920 68835 85754 16 0 1375096 1096646 863620 556151 0 375139 250992 0 7513 184939 267291 1423698 1074434 -48602 22212 2710952 2216599 887941 369795 1823011 1846804 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 976018 556151 5920 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. 976018 true true false false false false false false false false true false false false false true false 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 5 0 true 4 true false false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false NY X Deborah Johnson 2127420762 14 WALL STREET 20TH FL NEW YORK NY 10005 CAROLYN REBECCA SENN Executive Dir. 40.00 0.00 X 119082 0 9491 KIM ALLMAN Interim Exe.Dir 40.00 0.00 X 10330 0 0 Deborah Johnson Board President 5.00 0.00 X X 0 0 0 Marie Pedraza Vice President 5.00 0.00 X X 0 0 0 Donald Tom Treasurer 5.00 0.00 X X 0 0 0 Ruth Burgos Member 1.00 0.00 X 0 0 0 Bernadette M Mueller Member 1.00 0.00 X 0 0 0 Rev Dr Charles Butler Member 1.00 0.00 X 0 0 0 Domenico Ciaccio Secretary 1.00 0.00 X X 0 0 0 Lynn R Ally Member 1.00 0.00 X 0 0 0 Michael Esposito Member 1.00 0.00 X 0 0 0 Peter Elkowitz Member 1.00 0.00 X 0 0 0 Martha Abrams Member 1.00 0.00 X 0 0 0 Reinaldo Perez Member 1.00 0.00 X 0 0 0 Patricia Strong Member 1.00 0.00 X 0 0 0 Elaine Dovas Member 1.00 0.00 X 0 0 0 Mina Minelli Member 1.00 0.00 X 0 0 0 Nia Rock Member 1.00 0.00 X 0 0 0 Mariely Moronta- Sanchez Member 1.00 0.00 X 0 0 0 129412 9491 1 false false false 0 457500 547472 1004972 PROGRAM INCOME 561000 5920 5920 5920 85020 85020 0 0 0 1295687 1294953 734 734 734 0 0 0 MISCELLANEOUS INCOME 453000 0 1096646 5920 85754 X 556151 556151 0 0 0 118005 88504 23601 5900 0 91633 91633 260 224 29 7 21818 18747 2457 614 19276 16563 2170 543 0 0 27563 27563 0 0 0 192034 176518 15187 329 0 6360 5141 1099 120 0 0 4020 3417 603 3200 3200 0 0 0 0 2203 1873 330 7519 5280 2239 Bad debt expense 11820 11820 Memberships and subscription 5181 4707 474 Training 4060 4060 Other expense 3331 3331 0 1074434 976018 90903 7513 238821 143200 0 623079 194247 22063 64916 0 0 0 0 5686 593 16023 13859 4367 2164 1816936 1811479 0 0 0 0 2710952 2216599 84368 70642 582268 177559 162805 121594 58500 887941 369795 X 1783011 1686804 40000 160000 1823011 1846804 2710952 2216599 22212 1581 X X false true X true false X 929208 1057021 1624535 1298475 1004972 5914211 0 0 929208 1057021 1624535 1298475 1004972 5914211 1132402 4781809 24261 1717 21109 73996 85020 206103 0 5 17 15 16 53 6120367 23976 0.78130 0.78700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16023 13859 2164 2164 X 1098227 1581 1581 1096646 1096646 1074434 1074434 1074434 Part X : FIN48 Footnote NYMC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NYMC HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. NYMC DOES NOT ANTICIPATE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2021 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. true AAFE Community Devel Fund 2 Allen Street 7th Floor New York NY 10002 134103352 501(c)(3) 45000 0 Counseling Services Affordable Housing 255 Orange Street Albany NY 12210 141724900 501(c)(3) 42825 0 Housing COUNSELING Arbor Housing and Development 26 Bridge Street Corning NY 14830 161166737 501(c)(3) 26007 0 Housing COUNSELING Better Neighborhoods Inc 120 Emmons Strreet Room 121 Schenectady NY 12304 141504550 501(c)(3) 36651 0 Housing COUNSELING Central Islip Civic Council 68 Wheeler Road Central Islip NY 11722 112739993 501(c)(3) 12325 0 Housing COUNSELING Chhaya CDC 37-43 77th Street 2nd Floor Jackson Heights NY 11372 113580935 501(c)(3) 30000 0 Financial Counseling & Technology Harlem Congregation 256 West 153rd Street New York NY 10039 133516262 501(c)(3) 78547 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) 45000 0 Financial Counseling & Technology MHANY Management Inc 1 MetroTech Center N 11 Fl Brooklyn NY 11201 721303737 501(c)(3) 40073 0 Housing COUNSELING Neighborhood Housing Services of Jamaica 89-70 162nd Street Jamaica NY 11432 237398279 501(c)(3) 36305 0 Housing COUNSELING Neighbors Helping Neighbors 621 Degraw Street Brooklyn NY 11217 113059958 501(c)(3) 84586 0 Financial and Hsg Counseling & Tech Northfield Community LDC 160 Heberton Ave Staten Island NY 10302 132974137 501(c)(3) 34460 0 Housing Counseling & Technology The Preservation Company 1037 Main Street Peekskill NY 10566 133352053 501(c)(3) 12721 0 Housing Counseling 14 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, 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.