New York Credit & Financial Management Assn Inc

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Yesinne Alvarez
President
$55,417
Lyle Wallis
President
$37,500
Brendan Dunphy
Director
$0
Kelly Ceransky
Director
$0
John Eberhardt
Director
$0
John Mcnamara
Director
$0

Financial Statements

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

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