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EIN 30-0021150

New York Mortgage Coalition (NYMC)

IRS 501(c) type
501(c)(3)
Num. employees
5
City
New York
State
New York
Year formed
2001
Most recent tax filings
2022-12-01
NTEE code, primary
L80: Housing Support Services
Description
The New York Mortgage Coalition’s homeownership counseling program gives potential homeowners access to 10 nonprofit, HUD-Approved housing counseling agencies and lenders that offer competitive, fixed-rate mortgages which may include closing cost grants and downpayment assistance subsidies. NYMC housing counseling agencies provide home buyer education – both financial and housing education – year-round in all five boroughs as well as Suffolk County, Nassau County, Westchester County, Orange County, Putnam county, Rockland County and Dutchess County.
Total revenues
$1,455,744
2022
Total expenses
$1,476,349
2022
Total assets
$3,107,511
2022
Num. employees
5
2022

Program areas at NYMC

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.

Grants made by NYMC

GranteeGrant descriptionAmount
Neighbors Helping NeighborsFinancial and HSG Counseling & Tech$100,818
Harlem Congregations for Community ImprovementFinancial and HSG Counseling & Tech$91,371
Better Community NeighborhoodsHousing Counseling$75,175
...and 23 more grants made totalling $871,041

Who funds New York Mortgage Coalition (NYMC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$444,690
JP Morgan Chase FoundationIn Support of Creating Economic Mobility and Career Pathways$100,000
The Bank of America Charitable FoundationProgram/operating Support$50,000
...and 2 more grants received

Personnel at NYMC

NameTitleCompensation
Carolyn Rebecca SennExecutive Director$151,250
Yangchen ChadotsangSecretary$0
Donald TomTreasurer / Member$0
Marie PedrazaVice President$0
Janine RanskiSecretary / Member$0
...and 1 more key personnel

Financials for NYMC

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,424,453
Program services$18,986
Investment income and dividends$21,109
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-8,819
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15
Total revenues$1,455,744

Form 990s for NYMC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-14990View PDF
2020-122021-12-20990View PDF
2019-122021-04-15990View PDF
2019-122021-04-05990View PDF
...and 10 more Form 990s

Organizations like NYMC

OrganizationLocationRevenue
Healthy NeighborhoodsBaltimore, MD$1,967,704
Neighborworks of Western VermontWest Rutland, VT$2,828,521
Convergence MemphisMemphis, TN$433,666
Good WorksCoatesville, PA$1,728,024
ReNew Communities NFPLake Forest, IL$946,316
Neighborworks LincolnLincoln, NE$2,499,027
Rebuilding Together Northern NevadaReno, NV$577,254
Rebuilding Together Kansas CityLiberty, MO$1,109,221
Banner Neighborhoods Community CorporationBaltimore, MD$1,497,170
Home Repair Services of Kent CountyGrand Rapids, MI$3,758,862
Data update history
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from The Bank of America Charitable Foundation
January 24, 2024
Updated personnel
Identified 5 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from JP Morgan Chase Foundation
October 23, 2023
Received grants
Identified 5 new grant, including a grant for $588,705 from NeighborWorks America
Nonprofit Types
Grantmaking organizationsFamily service centersHousing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
MembershipsProvides grantsState / local levelReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
14 Wall St 20th FL
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nymc.org/ 
Phone
(212) 742-0762
Facebook page
NewYorkMortgageCoalition 
Twitter profile
@nymortgagec 
IRS details
EIN
30-0021150
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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