Nonprofit · EIN 13-6401350
NEW YORK INSTITUTE OF CREDIT
Tax-exempt · NEW YORK, NY 10174
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $418,777 | $391,175 | $27,602 | $129,045 | $31,666 | $97,379 |
| July 31, 2024 | 990 | $466,195 | $475,224 | -$9,029 | $145,235 | $75,458 | $69,777 |
| July 31, 2023 | 990 | $448,211 | $479,762 | -$31,551 | $209,809 | $131,003 | $78,806 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $412,307
- Investment income
- $5,385
- Other revenue
- $1,085
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,165
- Occupancy
- $2,334
- Travel
- $181
- Program services (functional)
- $316,551
- Management and general (functional)
- $74,624
Balance sheet and other
- Total assets, start of year
- $145,235
- Total assets, end of year
- $129,045
- Total liabilities, end of year
- $31,666
- Net assets, end of year
- $97,379
- Net assets without donor restrictions
- $97,379
- Gross unrelated business income
- $5,385
- Gross receipts
- $418,777
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1918
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARVEY GROSS - HSG SERVICES INC | EXECUTIVE DIRECTOR Officer | 20 | $110,500 |
| MARK INDELICATO | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ALLEN WILEN | PAST CHAIRMAN Trustee or director, Officer | 2 | $0 |
| MELANIE CYGANOWSKI | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JONATHAN BODNER | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAVID E BERLINER | TREASURER/ VP FINANCE Trustee or director, Officer | 2 | $0 |
| CASSIE ROSENTHAL | VP MEMBERSHIP Trustee or director, Officer | 2 | $0 |
| PAUL H SHUR | VP EDUCATION Trustee or director, Officer | 2 | $0 |
| JEFFREY HAMPTON | VP PROGRAMMING Trustee or director | 1 | $0 |
| CARYN ALEXANDER | MEMBER Trustee or director | 1 | $0 |
| RAFFI AZADIAN | MEMBER AT LARGE Trustee or director | 1 | $0 |
| CHARLES BERK | MEMBER Trustee or director | 1 | $0 |
| BETH BROWNSTEIN | MEMBER Trustee or director | 1 | $0 |
| JOHN DEPLEDGE | MEMBER Trustee or director | 1 | $0 |
| KIM DESMARAIS | MEMBER Trustee or director | 1 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL DEUTCH | MEMBER Trustee or director | 1 | $0 |
| JACEN DINOFF | MEMBER Trustee or director | 1 | $0 |
| FRANK GRIMALDI | MEMBER Trustee or director | 1 | $0 |
| TINAMARIE FEIL | MEMBER Trustee or director | 1 | $0 |
| CHARVI GUPTA | MEMBER Trustee or director | 1 | $0 |
| SHERYL GIUGLIANO | MEMBER Trustee or director | 1 | $0 |
| TERRY KEATING | MEMBER Trustee or director | 1 | $0 |
| NEIL GUPTA | MEMBER Trustee or director | 1 | $0 |
| ROBERT KATZ | MEMBER Trustee or director | 1 | $0 |
| MORGAN LUCHS | MEMBER Trustee or director | 1 | $0 |
| JENNIFER PALMER | MEMBER Trustee or director | 1 | $0 |
| KEVIN ZUZOLO | MEMBER Trustee or director | 1 | $0 |
| STEPHANIE SWEENEY | MEMBER Trustee or director | 1 | $0 |
| GLENN SCHWARTZ | MEMBER Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARVEY GROSS - HSG SERVICES INC | EXECUTIVE DIRECTOR Officer | 20 | $138,000 |
| MARK INDELICATO | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ALLEN WILEN | PAST CHAIRMAN Trustee or director, Officer | 2 | $0 |
| MELANIE CYGANOWSKI | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JONATHAN BODNER | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAVID E BERLINER | TREASURER/ VP FINANCE Trustee or director, Officer | 2 | $0 |
| CASSIE ROSENTHAL | VP MEMBERSHIP Trustee or director, Officer | 2 | $0 |
| PAUL H SHUR | VP EDUCATION Trustee or director, Officer | 2 | $0 |
| JEFFREY HAMPTON | MEMBER AT LARGE Trustee or director | 1 | $0 |
| ELIZABETH ABOULAFIA | MEMBER Trustee or director | 1 | $0 |
| RAFFI AZADIAN | MEMBER Trustee or director | 1 | $0 |
| CHARLES BERK | MEMBER Trustee or director | 1 | $0 |
| BETH BROWNSTEIN | MEMBER Trustee or director | 1 | $0 |
| JACK BUTLER | MEMBER Trustee or director | 1 | $0 |
| KIM DESMARAIS | MEMBER Trustee or director | 1 | $0 |
| PAUL DEUTCH | MEMBER Trustee or director | 1 | $0 |
| JACEN DINOFF | MEMBER Trustee or director | 1 | $0 |
| LEAH EISENBERG | MEMBER Trustee or director | 1 | $0 |
| TINAMARIE FEIL | MEMBER Trustee or director | 1 | $0 |
| KEVIN GILLESPIE | MEMBER Trustee or director | 1 | $0 |
| SHERYL GIUGLIANO | MEMBER Trustee or director | 1 | $0 |
| MORGAN GROSSMAN | MEMBER Trustee or director | 1 | $0 |
| NEIL GUPTA | MEMBER Trustee or director | 1 | $0 |
| ROBERT KATZ | MEMBER Trustee or director | 1 | $0 |
| SUZANNE KOENIG | MEMBER Trustee or director | 1 | $0 |
| CHRISTY SEARL | MEMBER Trustee or director | 1 | $0 |
| KEVIN ZUZOLO | MEMBER Trustee or director | 1 | $0 |
990 for the year ended July 31, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARVEY GROSS - HSG SERVICES INC | EXECUTIVE DIRECTOR Officer | 20 | $126,500 |
| MARK INDELICATO | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ALLEN WILEN | PAST CHAIRMAN Trustee or director, Officer | 2 | $0 |
| WILLIAM J EZZO | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAVID E BERLINER | TREASURER/ VP FINANCE Trustee or director, Officer | 2 | $0 |
| CASSIE ROSENTHAL | VP MEMBERSHIP Trustee or director, Officer | 2 | $0 |
| MELANIE CYGANOWSKI | VP EDUCATION Trustee or director, Officer | 2 | $0 |
| JEFFREY HAMPTON | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 2 | $0 |
| ELIZABETH ABOULAFIA | MEMBER Trustee or director | 1 | $0 |
| RAFFI AZADIAN | MEMBER Trustee or director | 1 | $0 |
| CHARLES BERK | MEMBER Trustee or director | 1 | $0 |
| JONATHAN BODNER | SECRETARY Trustee or director | 1 | $0 |
| BETH BROWNSTEIN | MEMBER Trustee or director | 1 | $0 |
| JACK BUTLER | MEMBER Trustee or director | 1 | $0 |
| KIM DESMARAIS | MEMBER Trustee or director | 1 | $0 |
| PAUL DEUTCH ESQ | MEMBER Trustee or director | 1 | $0 |
| JACEN DINOFF | MEMBER Trustee or director | 1 | $0 |
| LEAH EISENBERG | MEMBER Trustee or director | 1 | $0 |
| TINAMARIE FEIL | MEMBER Trustee or director | 1 | $0 |
| KEVIN GILLESPIE | MEMBER Trustee or director | 1 | $0 |
| SHERYL GIUGLIANO | MEMBER Trustee or director | 1 | $0 |
| NEIL GUPTA | MEMBER Trustee or director | 1 | $0 |
| ROBERT KATZ | MEMBER Trustee or director | 1 | $0 |
| KEVIN ZUZOLO | MEMBER Trustee or director | 1 | $0 |
| PAUL SHUR | MEMBER Trustee or director | 1 | $0 |
| SUZANNE KOENIG | MEMBER Trustee or director | 1 | $0 |
| CHRISTY SEARL | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 405 LEXINGTON AVENUE 26TH FLOOR, NEW YORK, NY 10174-2699
- Principal officer (990 for 2024)
- MARK INDELICATO, 405 LEXINGTON AVENUE 26TH FLOOR, NEW YORK, NY 10174
- Signed the 990
- MARK INDELICATO, CHAIRMAN
- Phone
- (917) 338-7000
- Website
- INSTITUTEOFCREDIT.ORG
- Return prepared by
- SAVASTANO KAUFMAN ADVISORS LLC
Mission
THE PURPOSE OF THE INSTITUTE IS TO PROVIDE EDUCATION TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPTCY COMMUNITIES, THE PROFESSIONALS WHO SERVICE THEM, AS WELL AS STUDENTS. THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS.
Program accomplishments
- THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPCY COMMUNITIES.Expenses $316,551 · revenue $412,307
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 13-6401350
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1950
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $129,045
- Income (IRS master file)
- $418,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $418,777 | $391,175 | $129,045 | XML |
| 990 | July 2024 | $466,195 | $475,224 | $145,235 | IRS |
| 990 | July 2023 | $448,211 | $479,762 | $209,809 | XML |
| 990 | July 2022 | $454,938 | $492,294 | $264,595 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6401350).
Questions about NEW YORK INSTITUTE OF CREDIT
- What is the EIN of NEW YORK INSTITUTE OF CREDIT?
- The employer identification number (EIN) of NEW YORK INSTITUTE OF CREDIT is 13-6401350.
- Is NEW YORK INSTITUTE OF CREDIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to NEW YORK INSTITUTE OF CREDIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK INSTITUTE OF CREDIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK INSTITUTE OF CREDIT due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK INSTITUTE OF CREDIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of NEW YORK INSTITUTE OF CREDIT?
- The 990 for the year ended July 31, 2025 names MARK INDELICATO.
- Who are the officers and directors of NEW YORK INSTITUTE OF CREDIT?
- The 990 for the year ended July 31, 2025 lists 29 people; 1 received compensation from the organization, the highest $110,500 (HARVEY GROSS - HSG SERVICES INC, EXECUTIVE DIRECTOR).
- How much revenue does NEW YORK INSTITUTE OF CREDIT have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $418,777, expenses of $391,175 and total assets of $129,045 at year end.
Other nonprofits in NEW YORK
- NEW YORK UNIVERSITY EIN 13-5562308 · last filed 990 for 2025
- HEALTHFIRST PHSP INC EIN 13-3783732 · last filed 990 for 2024
- THE NEW YORK AND PRESBYTERIAN HOSPITAL EIN 13-3957095 · last filed 990 for 2024
- NYU LANGONE HOSPITALS EIN 13-3971298 · last filed 990 for 2025
- MEMORIAL SLOAN-KETTERING CANCER CENTER EIN 91-2154267 · last filed 990 for 2024
- TRUSTEES OF COLUMBIA UNIVERSITY EIN 13-5598093 · last filed 990 for 2025
- HEALTHFIRST HEALTH PLAN INC EIN 11-3029569 · last filed 990 for 2024
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC EIN 31-1774905 · last filed 990 for 2024