EIN 30-0021150

New York Mortgage Coalition (NYMC)

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2001
Most recent tax filings
2023-12-01
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
$1,581,033
2023
Total expenses
$1,629,635
2023
Total assets
$2,695,946
2023
Num. employees
4
2023

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
Harlem Congregations for Community ImprovementFinancial and HSG Counseling & Tech$117,798
Neighbors Helping Neighbors$115,257
Housing and Family Services of Greater New YorkFinancial and HSG Counseling & Tech$99,450
...and 20 more grants made totalling $1,060,943

Who funds New York Mortgage Coalition (NYMC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$444,690
The Bank of America Charitable FoundationProgram/operating Support$50,000
Webster Bank Charitable FoundationProgram Support for Affordable Housing$35,000
...and 1 more grant received

Personnel at NYMC

NameTitleCompensation
Rebecca SennExecutive Director
Kathleen Rizzo YoungCommunity Relations Director
Regina BrownGrants Program Manager
Carolyn Rebecca SennPast Executive Director$151,250
Marie PedrazaVice President$0
...and 5 more key personnel

Financials for NYMC

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,511,083
Program services$7,770
Investment income and dividends$73,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-5,161
Net income from fundraising events$-6,671
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$16
Total revenues$1,581,033

Form 990s for NYMC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-11-14990View PDF
2020-122021-12-20990View PDF
2019-122021-04-15990View PDF
...and 11 more Form 990s
Data update history
December 27, 2024
Received grants
Identified 1 new grant, including a grant for $35,000 from Webster Bank Charitable Foundation
November 3, 2024
Updated personnel
Identified 3 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $444,690 from NeighborWorks America
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
Nonprofit Types
Grantmaking organizationsFamily service centersHousing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
MembershipsProvides grantsFundraising eventsState / local levelReceives government fundingTax 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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