NEW YORK ASSOCIATION OF MORTGAGE B… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

LOUIS BORSELLINO

Phone

9143156644

Tax Period

2023-01-01 to 2023-12-31

NEW YORK ASSOCIATION OF MORTGAGE BROKERS, founded in 1988, is a small nonprofit that reported $229K in total revenue in fiscal year 2023. Expenses of $264K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE PROFESSIONALISM IN MORTGAGE BROKERAGE INDUSTRY THROUGH NETWORKING EVENTS AND EDUCATIONAL SEMINARS.

Program Service Accomplishments

Program 1

Expenses: $69,179 Revenue: $164,665

NETWORKING EVENTS, BANQUESTS AND SPONSORSHIPS.

Program 2

Expenses: $29,918 Revenue: $47,038

EDUCATIONAL SEMINARS PROVIDED TO MORTGAGE BROKERS AND MORTGAGE LOAN ORIGINATORS TO MEET MINIMUM REQUIREMENTS OF THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES REGULATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,453

Program Service Revenue $211,703

Investment Income $34

Other Revenue $0

TOTAL REVENUE $229,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,097

Other Expenses $263,718

TOTAL EXPENSES $263,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,190	$226,856	+0.0%
Expenses	$263,718	$255,363	+0.0%
Net Income	$-34,528	$-28,507	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$11,310

Total Directors

$16,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FAVALORO	IMMEDIATE PAST PRESIDENT & CHAIRMAN OF THE BOARD	2.50	Officer Director	$9,000	$0	$9,000
CHRISTOPHER CAGGIANO	PRESIDENT	1.00	Officer Director	$0	$0	$0
LOUIS BORSELLINO	TREASURER	1.00	Officer Director	$385	$0	$385
RICHARD BIONDI	SECRETARY	1.00	Officer Director	$1,925	$0	$1,925
ROBERT RUSSO	VP	1.00	Officer Director	$0	$0	$0
JOHN L COMMONS	DIRECTOR	1.00	Director	$4,621	$0	$4,621
NICHOALS CASTRONOVA	PRESIDENT ELECT	1.00	Director	$770	$0	$770
ELIZABETH NAPOLITANO	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE NAMAN	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$229,190	$263,718	$214,543	$-34,528
2022	$226,856	$255,363	$271,872	$-28,507
2021	$209,124	$230,915	$290,122	$-21,791
2020	$201,335	$179,343	$301,863	$21,992
2019	$266,517	$279,734	$283,706	$-13,217
2018	$229,419	$262,273	$292,697	$-32,854

NEW YORK ASSOCIATION OF MORTGAGE BROKERS