Nonprofit · EIN 11-2897636
NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC
Tax-exempt · MAMARONECK, NY 10543
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $237,594 | $277,198 | -$39,604 | $213,124 | $48,882 | $164,242 |
| December 31, 2023 | 990 | $229,190 | $263,718 | -$34,528 | $214,543 | $10,696 | $203,847 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,921
- Membership dues
- $22,921
- Program service revenue
- $214,508
- Investment income
- $165
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,957
- Accounting fees
- $3,500
- Travel
- $1,220
- Depreciation
- $2,795
Balance sheet and other
- Total assets, start of year
- $214,542
- Total assets, end of year
- $213,124
- Total liabilities, end of year
- $48,882
- Net assets, end of year
- $164,242
- Land, buildings and equipment
- $8,385
- Net assets without donor restrictions
- $164,242
- Gross unrelated business income
- $165
- Gross receipts
- $237,594
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1988
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK FAVALORO | BOARD CHAIRMAN Trustee or director, Officer | 2.5 | $18,000 |
| LOUIS BORSELLINO | TREASURER Trustee or director, Officer | 1 | $599 |
| NICHOALS CASTRONOVA | PRESIDENT ELECT Trustee or director | 1 | $385 |
| BRUCE NAMAN | DIRECTOR Trustee or director | 1 | $385 |
| CHRISTOPHER CAGGIANO | PRESIDENT Trustee or director, Officer | 1 | $380 |
| RICHARD BIONDI | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT RUSSO | VP Trustee or director, Officer | 1 | $0 |
| JOHN L COMMONS | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH NAPOLITANO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK FAVALORO | IMMEDIATE PAST PRESIDENT & CHAIRMAN OF THE BOARD Trustee or director, Officer | 2.5 | $9,000 |
| JOHN L COMMONS | DIRECTOR Trustee or director | 1 | $4,621 |
| RICHARD BIONDI | SECRETARY Trustee or director, Officer | 1 | $1,925 |
| NICHOALS CASTRONOVA | PRESIDENT ELECT Trustee or director | 1 | $770 |
| LOUIS BORSELLINO | TREASURER Trustee or director, Officer | 1 | $385 |
| CHRISTOPHER CAGGIANO | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT RUSSO | VP Trustee or director, Officer | 1 | $0 |
| ELIZABETH NAPOLITANO | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE NAMAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 180 E PROSPECT AVE, MAMARONECK, NY 10543-3709
- Principal officer (990 for 2024)
- LOUIS BORSELLINO, 180 E PROSPECT AVE, MAMARONECK, NY 10543
- Signed the 990
- LOUIS BORSELLINO, TREASURER
- Phone
- (914) 315-6644
- Website
- WWW.NYAMB.ORG
- Return prepared by
- CATHEDRAL CPAS & ADVISORS LLP
Mission
TO PROMOTE PROFESSIONALISM IN MORTGAGE BROKERAGE INDUSTRY THROUGH NETWORKING EVENTS AND EDUCATIONAL SEMINARS.
Program accomplishments
- NETWORKING EVENTS, BANQUESTS AND SPONSORSHIPS.Expenses $72,310 · revenue $160,405
- EDUCATIONAL SEMINARS PROVIDED TO MORTGAGE BROKERS AND MORTGAGE LOAN ORIGINATORS TO MEET MINIMUM REQUIREMENTS OF THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES REGULATIONS.Expenses $26,386 · revenue $54,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2897636
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $213,124
- Income (IRS master file)
- $237,594
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $237,594 | $277,198 | $213,124 | XML |
| 990 | December 2023 | $229,190 | $263,718 | $214,543 | XML |
| 990 | December 2022 | $226,856 | $255,363 | $271,872 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2897636).
Questions about NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC
- What is the EIN of NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC?
- The employer identification number (EIN) of NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC is 11-2897636.
- Is NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
- Which annual return does NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC?
- The 990 for the year ended December 31, 2024 names LOUIS BORSELLINO.
- Who are the officers and directors of NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $18,000 (MARK FAVALORO, BOARD CHAIRMAN).
- How much revenue does NEW YORK ASSOCIATION OF MORTGAGE BROKERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $237,594, expenses of $277,198 and total assets of $213,124 at year end.
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