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Filing year 2024

NEW YORK MORTGAGE COALITION INC

New York, New York·EIN 30-0021150·NTEE L30 · Housing & Shelter·501(c)(3)
Total revenue
$1.1M
Total assets
$2.2M
Total expenses
$1.1M
Reported officers
19
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.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Executive Dir.
Officer (Unspecified)
$129k
$139k
Interim Exe.dir
Officer (Unspecified)
$10k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NEW YORK MORTGAGE COALITION INC equaled 12% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
12%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Fell 21%
over 2 years

From $163k in 2022 to $129k in 2024.

$163k
2022
$167k
2023
$129k
2024
In today's dollarsEst.
Down 27% in real terms$190k to $139k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NEW YORK MORTGAGE COALITION INC

What are NEW YORK MORTGAGE COALITION INC's revenue and expenses?

In 2024, NEW YORK MORTGAGE COALITION INC reported $1.1M in total revenue and $1.1M in total expenses on its IRS Form 990.

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