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Nonprofiteer
← THE NEW YORK COMMUNITY TRUST

Form 990 for tax year 2024

Filed by THE NEW YORK COMMUNITY TRUST.

Totals

Total revenue
$322,622,907
Total expenses
$252,254,704
Contributions and grants received
$111,449,682
Grants paid
$201,499,581
Program service revenue
$0
Investment income
$211,122,503
Other revenue
$50,722
Total assets, end of year
$3,517,968,264
Total liabilities, end of year
$75,985,295
Net assets or fund balances, end of year
$3,441,982,969
Program services expenses (Part IX)
$212,586,744
Management and general expenses
$34,964,837
Fundraising expenses
$4,703,123
Program service expenses (Part III)
$212,586,744

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMIE DRAKE

    CHAIR (AS OF 01/2024)

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • STEPHEN C ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JUDITH O RUBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BARRON M TENNY

    DIRECTOR (THRU 01/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ANN UNTERBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • OBAID KHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MALI SANANIKONE GAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • FERNANDO A BOHORQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JANE E SALMON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • KEVIN BYRNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BRUCE M HOLLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MARIANA CAMPERO

    DIRECTOR (AS OF 10/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • STEVEN KOCH

    DIRECTOR (AS OF 10/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MICHAEL MARQUEZ

    DIRECTOR (AS OF 10/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • AMY FREITAG

    PRESIDENT

    Total calculated
    $1,014,261
    From this org
    $885,189
    From related orgs
    $0
    Other
    $129,072
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $885,189
    Bonus
    $0
    Other
    $0
    Deferred
    $105,498
    Nontaxable benefits
    $23,574
    Filer's total
    $1,014,261

  • KERRY E MCCARTHY THRU 0624

    VP & ASSISTANT SECRETARY

    Total calculated
    $175,802
    From this org
    $156,554
    From related orgs
    $0
    Other
    $19,248
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $152,354
    Bonus
    $0
    Other
    $4,200
    Deferred
    $12,376
    Nontaxable benefits
    $6,872
    Filer's total
    $175,802

  • SHAWN V MOREHEAD

    VP & ASSISTANT SECRETARY

    Total calculated
    $520,154
    From this org
    $410,196
    From related orgs
    $0
    Other
    $109,958
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $410,196
    Bonus
    $0
    Other
    $0
    Deferred
    $86,384
    Nontaxable benefits
    $23,574
    Filer's total
    $520,154

  • CARRIE TROWBRIDGE

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $525,402
    From this org
    $460,665
    From related orgs
    $0
    Other
    $64,737
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $460,665
    Bonus
    $0
    Other
    $0
    Deferred
    $60,964
    Nontaxable benefits
    $3,773
    Filer's total
    $525,402

  • TATIANA POHOTSKY

    CIO & ASSISTANT TREASURER

    Total calculated
    $377,892
    From this org
    $312,714
    From related orgs
    $0
    Other
    $65,178
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $312,714
    Bonus
    $0
    Other
    $0
    Deferred
    $50,022
    Nontaxable benefits
    $15,156
    Filer's total
    $377,892

  • MARIE D'COSTA THRU 072024

    VP & ASSISTANT SECRETARY

    Total calculated
    $224,077
    From this org
    $169,694
    From related orgs
    $0
    Other
    $54,383
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,165
    Bonus
    $0
    Other
    $22,529
    Deferred
    $39,804
    Nontaxable benefits
    $14,579
    Filer's total
    $224,077

  • AYANNA RUSSELL

    VP & ASSISTANT SECRETARY

    Total calculated
    $359,917
    From this org
    $262,089
    From related orgs
    $0
    Other
    $97,828
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $262,089
    Bonus
    $0
    Other
    $0
    Deferred
    $79,402
    Nontaxable benefits
    $18,426
    Filer's total
    $359,917

  • JOHN J ODDY

    VP & ASSISTANT SECRETARY

    Total calculated
    $321,284
    From this org
    $261,411
    From related orgs
    $0
    Other
    $59,873
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $261,311
    Bonus
    $100
    Other
    $0
    Deferred
    $56,100
    Nontaxable benefits
    $3,773
    Filer's total
    $321,284

  • IFRAN HASAN

    DEPUTY VP & ASSISTANT SECRETARY

    Total calculated
    $343,098
    From this org
    $238,006
    From related orgs
    $0
    Other
    $105,092
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $238,006
    Bonus
    $0
    Other
    $0
    Deferred
    $88,735
    Nontaxable benefits
    $16,357
    Filer's total
    $343,098

  • WEN WENG CPA

    CONTROLLER & ASSISTANT TREASURER

    Total calculated
    $327,128
    From this org
    $227,640
    From related orgs
    $0
    Other
    $99,488
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $227,640
    Bonus
    $0
    Other
    $0
    Deferred
    $80,677
    Nontaxable benefits
    $18,811
    Filer's total
    $327,128

  • DOMINICK IMPEMBA

    COFO & TREASURER

    Total calculated
    $580,992
    From this org
    $481,654
    From related orgs
    $0
    Other
    $99,338
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $481,654
    Bonus
    $0
    Other
    $0
    Deferred
    $63,258
    Nontaxable benefits
    $36,080
    Filer's total
    $580,992

  • REBECCA MANDELMAN

    VP & CPO

    Total calculated
    $442,090
    From this org
    $387,387
    From related orgs
    $0
    Other
    $54,703
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $387,387
    Bonus
    $0
    Other
    $0
    Deferred
    $51,507
    Nontaxable benefits
    $3,196
    Filer's total
    $442,090

  • DAVID OKORN

    EXECUTIVE DIRECTOR

    Total calculated
    $316,446
    From this org
    $237,066
    From related orgs
    $0
    Other
    $79,380
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,066
    Bonus
    $0
    Other
    $0
    Deferred
    $63,023
    Nontaxable benefits
    $16,357
    Filer's total
    $316,446

  • LAURA ROSSI

    EXECUTIVE DIRECTOR

    Total calculated
    $299,757
    From this org
    $211,912
    From related orgs
    $0
    Other
    $87,845
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $211,912
    Bonus
    $0
    Other
    $0
    Deferred
    $65,385
    Nontaxable benefits
    $22,460
    Filer's total
    $299,757

  • MARSHA CORCHADO

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $263,323
    From this org
    $209,631
    From related orgs
    $0
    Other
    $53,692
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $209,631
    Bonus
    $0
    Other
    $0
    Deferred
    $29,057
    Nontaxable benefits
    $24,635
    Filer's total
    $263,323

  • RODERICK JENKINS

    SENIOR PROGRAM DIRECTOR

    Total calculated
    $306,638
    From this org
    $194,274
    From related orgs
    $0
    Other
    $112,364
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $194,274
    Bonus
    $0
    Other
    $0
    Deferred
    $99,026
    Nontaxable benefits
    $13,338
    Filer's total
    $306,638

  • EILEEN CASEY

    ASSOC. DR, INVESTMENT OPERATIONS

    Total calculated
    $249,016
    From this org
    $179,822
    From related orgs
    $0
    Other
    $69,194
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $179,822
    Bonus
    $0
    Other
    $0
    Deferred
    $52,452
    Nontaxable benefits
    $16,742
    Filer's total
    $249,016

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS PART OF HER RESPONSIBILITIES, THE PRESIDENT IS REQUIRED TO ENTERTAIN DONORS AND POTENTIAL DONORS. TO PROVIDE AN APPROPRIATE VENUE FOR THIS ENTERTAINMENT, THE BOARD CHAIRMAN HAS APPROVED THAT THE PRESIDENT MAY BELONG TO A SOCIAL CLUB FOR WHICH THE TRUST WILL REIMBURSE FOR DUES AND BUSINESS USAGE. AMOUNTS ARE REIMBURSED UPON SUBMISSION OF AN APPROVED EXPENSE REPORT WITH REQUIRED SUPPORTING DOCUMENTATION. THIS COST IS CONSIDERED TO BE A VALID BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE INCOME.
PART I, LINE 7
BONUSES ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS ORGANIZATION OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD, IN THE CASE OF THE PRESIDENT'S BONUS, AND BY THE PRESIDENT, IN THE CASE OF BONUSES FOR OTHER OFFICERS AND KEY EMPLOYEES.
PART VII/SCHEDULE J:
THE IRS REQUIRES THAT THE TRUST INCLUDE FOR EACH INDIVIDUAL THE ACTUARIALLY IMPUTED INCREASE IN THE VALUE OF HIS OR HER SHARE OF THE DEFINED BENEFIT PLAN. THIS INCREASE IN VALUE IS REFLECTED IN COLUMN C.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD ANNUITY TRUST (1)

    T · CHARITABLE · NY · share of income $59,979 · share of assets $249,525 · controlled entity

    Directly controlled by NYCT

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523149349305672

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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