New York Credit & Financial Management Assn Inc is located in Scotch Plains, NJ. The organization was established in 1953. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Credit & Financial Management Assn Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, New York Credit & Financial Management Assn Inc generated $357.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $398.8k during the year ending 12/2019. While expenses have increased by 9.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING MEMBERS WITH PROFESSIONAL CREDIT GUIDANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEMBERS WITH PROFESSIONAL CREDIT MANAGEMENT PROGRAMS AND SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Yesinne Alvarez President | Officer | 35 | $55,417 |
Lyle Wallis President | Officer | 20 | $37,500 |
Brendan Dunphy Director | Trustee | 20 | $0 |
Kelly Ceransky Director | Trustee | 20 | $0 |
John Eberhardt Director | Trustee | 20 | $0 |
John Mcnamara Director | Trustee | 20 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $322,980 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $357,349 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $95,000 |
Compensation of current officers, directors, key employees. | $95,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $97,969 |
Pension plan accruals and contributions | $10,965 |
Other employee benefits | $13,636 |
Payroll taxes | $15,914 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,000 |
Fees for services: Accounting | $8,660 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $843 |
Office expenses | $0 |
Information technology | $1,066 |
Royalties | $0 |
Occupancy | $198 |
Travel | $8,131 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,474 |
Interest | $540 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $39,999 |
Insurance | $3,315 |
All other expenses | $68,062 |
Total functional expenses | $398,759 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,266 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $120,434 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,073 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $420,003 |
Other assets | $0 |
Total assets | $549,776 |
Accounts payable and accrued expenses | $210,657 |
Grants payable | $0 |
Deferred revenue | $116,453 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $597,168 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $924,278 |
Net assets without donor restrictions | -$374,502 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $549,776 |
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Inclusiv Inc New York, NY | $81,962,812 | $11,675,064 |
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Participatory Budgeting Project Inc Brooklyn, NY | $951,434 | $1,467,731 |
North Hudson Regional Council Of Mayors Union City, NJ | $742,976 | $1,374,598 |
Public Policy Lab Brooklyn, NY | $521,209 | $1,493,150 |
New York Credit & Financial Management Assn Inc Scotch Plains, NJ | $549,776 | $357,349 |
Institute For Law And Economic Policy Inc Jenkintown, PA | $293,249 | $105,931 |
Helix Strategy Center Nanuet, NY | $658 | $0 |
New Jersey Credit Union League East Windsor, NJ | $0 | $0 |