Nonprofit · EIN 30-0021150
NEW YORK MORTGAGE COALITION INC
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,101,562 | $1,091,639 | $9,923 | $2,220,310 | $385,795 | $1,834,515 |
| December 31, 2023 | 990 (amended) | $1,375,096 | $1,423,698 | -$48,602 | $2,710,952 | $887,941 | $1,823,011 |
| December 31, 2022 | 990 (amended) | $1,655,826 | $1,719,692 | -$63,866 | $3,107,511 | $1,254,442 | $1,853,069 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $984,512
- of which government grants
- $362,012
- Membership dues
- $407,500
- Program service revenue
- $5,920
- Investment income
- $86,959
- Net gain from sales of assets
- $734
- Other revenue
- $24,171
Expenses
- Grants and similar amounts paid
- $556,151
- Compensation of officers, directors and key employees
- $126,796
- Other salaries and wages
- $91,633
- Salaries, compensation and benefits (total)
- $250,992
- Professional fundraising fees
- $0
- Accounting fees
- $27,563
- Occupancy
- $4,020
- Travel
- $3,200
- Depreciation
- $2,203
- Program services (functional)
- $941,398
- Management and general (functional)
- $143,008
- Fundraising (functional)
- $7,233
Balance sheet and other
- Total assets, start of year
- $2,710,952
- Total assets, end of year
- $2,220,310
- Total liabilities, end of year
- $385,795
- Net assets, end of year
- $1,834,515
- Land, buildings and equipment
- $2,164
- Publicly traded securities
- $1,811,479
- Net assets without donor restrictions
- $1,684,515
- Net assets with donor restrictions
- $150,000
- Gross receipts
- $2,745,400
- Employees
- 4
- Volunteers
- 17
- Year formed
- 2001
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN REBECCA SENN | Executive Dir. Officer | 40 | $119,082 | $9,491 |
| KIM ALLMAN | Interim Exe.Dir Officer | 40 | $10,330 | $0 |
| Deborah Johnson | Board President Trustee or director, Officer | 5 | $0 | $0 |
| Marie Pedraza | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Donald Tom | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Ruth Burgos | Member Trustee or director | 1 | $0 | $0 |
| Bernadette M Mueller | Member Trustee or director | 1 | $0 | $0 |
| Rev Dr Charles Butler | Member Trustee or director | 1 | $0 | $0 |
| Domenico Ciaccio | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Lynn R Ally | Member Trustee or director | 1 | $0 | $0 |
| Michael Esposito | Member Trustee or director | 1 | $0 | $0 |
| Peter Elkowitz | Member Trustee or director | 1 | $0 | $0 |
| Martha Abrams | Member Trustee or director | 1 | $0 | $0 |
| Reinaldo Perez | Member Trustee or director | 1 | $0 | $0 |
| Patricia Strong | Member Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elaine Dovas | Member Trustee or director | 1 | $0 |
| Mina Minelli | Member Trustee or director | 1 | $0 |
| Nia Rock | Member Trustee or director | 1 | $0 |
| Mariely Moronta- Sanchez | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN REBECCA SENN | Executive Dir. Officer | 40 | $154,153 | $12,683 |
| Deborah Johnson | President Trustee or director, Officer | 5 | $0 | $0 |
| Marie Pedraza | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Donald Tom | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Yangchen Chadotsang | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Bernadette M Mueller | Member Trustee or director | 1 | $0 | $0 |
| Rev Dr Charles Butler | Member Trustee or director | 1 | $0 | $0 |
| Domenico Ciaccio | Member Trustee or director | 1 | $0 | $0 |
| Lynn R Ally | Member Trustee or director | 1 | $0 | $0 |
| Mark Castle | Member Trustee or director | 1 | $0 | $0 |
| Michael Esposito | Member Trustee or director | 1 | $0 | $0 |
| Peter Elkowitz | Member Trustee or director | 1 | $0 | $0 |
| Martha Abrams | Member Trustee or director | 1 | $0 | $0 |
| Reinaldo Perez | Member Trustee or director | 1 | $0 | $0 |
| Patricia Strong | Member Trustee or director | 1 | $0 | $0 |
| Elaine Dovas | Member Trustee or director | 1 | $0 | $0 |
| Dwayne Wright | Member Trustee or director | 1 | $0 | $0 |
| Mina Minelli | Member Trustee or director | 1 | $0 | $0 |
| Nia Rock | Member Trustee or director | 1 | $0 | $0 |
| Mariely Moronta- Sanchez | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN REBECCA SENN | Executive Dir. Officer | 40 | $151,250 | $12,090 |
| Deborah Johnson | President Trustee or director, Officer | 5 | $0 | $0 |
| Marie Pedraza | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Donald Tom | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Yangchen Chadotsang | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Bernadette M Mueller | Member Trustee or director | 2 | $0 | $0 |
| Rev Dr Charles Butler | Member Trustee or director | 2 | $0 | $0 |
| Domenico Ciaccio | Member Trustee or director | 2 | $0 | $0 |
| Lynn R Ally | Member Trustee or director | 2 | $0 | $0 |
| Mark Castle | Member Trustee or director | 2 | $0 | $0 |
| Michael Esposito | Member Trustee or director | 2 | $0 | $0 |
| Peter Elkowitz | Secretary Trustee or director | 2 | $0 | $0 |
| Martha Abrams | Member Trustee or director | 2 | $0 | $0 |
| Patricia Strong | Member Trustee or director | 2 | $0 | $0 |
| Elaine Dovas | Member Trustee or director | 2 | $0 | $0 |
| Dwayne Wright | Member Trustee or director | 2 | $0 | $0 |
| Nia Rock | Member Trustee or director | 2 | $0 | $0 |
| Mariely Moronta- Sanchez | Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 14 WALL STREET 20TH FL, NEW YORK, NY 10005-2123
- In care of
- % CAROLYN REBECCA SENN
- Principal officer (990 for 2024)
- Deborah Johnson, 14 WALL STREET 20TH FL, NEW YORK, NY 10005
- Signed the 990
- Deborah Johnson, Board President
- Phone
- (212) 742-0762
- Website
- WWW.NYMC.ORG
- Return prepared by
- NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS
Mission
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.
Program accomplishments
- 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.Expenses $941,398 · grants $556,151 · revenue $5,920
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0021150
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L30)
- Assets (IRS master file)
- $2,216,599
- Income (IRS master file)
- $2,391,599
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,101,562 | $1,091,639 | $2,220,310 | XML |
| 990 | December 2023 | $1,375,096 | $1,423,698 | $2,710,952 | XML |
| 990 | December 2022 | $1,655,826 | $1,719,692 | $3,107,511 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 30-0021150).
Questions about NEW YORK MORTGAGE COALITION INC
- What is the EIN of NEW YORK MORTGAGE COALITION INC?
- The employer identification number (EIN) of NEW YORK MORTGAGE COALITION INC is 30-0021150.
- Is NEW YORK MORTGAGE COALITION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to NEW YORK MORTGAGE COALITION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK MORTGAGE COALITION INC 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 MORTGAGE COALITION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK MORTGAGE COALITION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW YORK MORTGAGE COALITION INC?
- The 990 for the year ended December 31, 2024 names Deborah Johnson.
- Who are the officers and directors of NEW YORK MORTGAGE COALITION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 2 received compensation from the organization, the highest $119,082 (CAROLYN REBECCA SENN, Executive Dir.).
- How much revenue does NEW YORK MORTGAGE COALITION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,101,562, expenses of $1,091,639 and total assets of $2,220,310 at year end.
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