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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-17.8% YoY
Annual Giving
$555K
-47.7% YoY
Grant Count
14
-39.1% YoY
Avg Grant Size
$40K
-14.1% YoY
About New York Mortgage Coalition Inc
Based on IRS filings
New York Mortgage Coalition Inc is a nonprofit organization focused on Housing & Shelter, based in NEW YORK, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 14 grants totaling $555K. Net investment income was $86K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,216,599 | $2,695,946 | $3,107,511 |
| Revenue | $1,096,646 | $1,581,033 | $1,455,744 |
| Expenses | $1,074,434 | $1,629,635 | $1,476,349 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $85,754 | $68,835 | $12,290 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLYN REBECCA SENN | Executive Dir. | 40 | $119,082 |
| KIM ALLMAN | Interim Exe.Dir | 40 | $10,330 |
| Deborah Johnson | Board President | 5 | — |
| Marie Pedraza | Vice President | 5 | — |
| Donald Tom | Treasurer | 5 | — |
| Ruth Burgos | Member | 1 | — |
| Bernadette M Mueller | Member | 1 | — |
| Rev Dr Charles Butler | Member | 1 | — |
| Domenico Ciaccio | Secretary | 1 | — |
| Lynn R Ally | Member | 1 | — |
| Michael Esposito | Member | 1 | — |
| Peter Elkowitz | Member | 1 | — |
| Martha Abrams | Member | 1 | — |
| Reinaldo Perez | Member | 1 | — |
| Patricia Strong | Member | 1 | — |
| Elaine Dovas | Member | 1 | — |
| Mina Minelli | Member | 1 | — |
| Nia Rock | Member | 1 | — |
| Mariely Moronta- Sanchez | Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Uw E J Madden Mem Open Hearts Club 10-214880
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Hindy's Foundation
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Assets
$142K
Grants
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Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
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Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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