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NEW YORK INSTITUTE OF CREDIT

NEW YORK, NY · EIN 136401350 · Form 990 · FY2023 · Small ($100K-$1M) · instituteofcredit.org
revenue
$466K
expenses
$475K
net assets
$70K
employees
0
program ratio
81%
mission · from form 990

THE PURPOSE OF THE INSTITUTE IS TO PROVIDE EDUCATION TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPTCY COMMUNITIES, THE PROFESSIONALS WHO SERVICE THEM, AS WELL AS STUDENTS. THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY BUILDING EVENTS.

profile · synthesized from sources

Professional education organization serving the financial, credit, restructuring, and bankruptcy communities in New York. Offers seminars, workshops, and symposiums for industry professionals and students. Focuses on continuing education, networking, and community building within the credit and insolvency sectors.

named programs · 3 · from sources

What they call their work

NYIC Leadership Development
Initiatives supporting emerging leaders in the credit and restructuring fields
Professional Education Programs
Offers seminars, workshops, and symposiums for credit, finance, and bankruptcy professionals
Women’s Division Renaissance Award
Recognition program honoring impactful women in the credit and finance industries
activities · 3 groups

What they do

  • Professional Certification and Continuing Education 2 activities
    • Delivers educational programs for finance, credit, and bankruptcy professionals and students
      Offers seminars, workshops, symposiums, and in-house training on topics including creditors' rights, commercial finance, market updates, and strategies for managing market changes. Programs are designed for professionals in finance, credit, restructuring, and bankruptcy, as well as students, and include CPE, CIRA, and CTP credit offerings.
    • Maintains compliance and operational infrastructure for educational programming
      Manages records of participation, instructor credentials, CPE credits, and program evaluations for at least five years in compliance with CPE standards, and ensures timely updates of course information online with notification to attendees.
  • Professional Membership and Association Benefits 1 activity
    • Manages membership services and benefits
      Offers membership benefits including a membership directory and reduced pricing for programs and services, supporting engagement and access for industry professionals.
  • Women's Leadership & Career Advancement Networks 1 activity
    • Provides professional networking and career advancement support
      Facilitates networking opportunities and supports career advancement for credit, restructuring, and financial industry professionals through education, mentorship, and recognition programs such as the Future Leaders’ Awards and the Women's Division Renaissance Award.
financials · form 990 · fy2023
revenue
Total revenue$466K
Contributions & grants$00%
Program service revenue$458K98%
Investment income$7K1%
Other revenue$1K
expenses
Total expenses$475K
Program expenses81%
Admin / overhead19%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$145K
Cash$141K
Investments$0
Liabilities$75K
Net assets$70K
Liquid reserves3.6 mo
4 years on record · 2020–2023 · YoY revenue +4.0%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
HARVEY GROSS - HSG SERVICES INC EXECUTIVE DIRECTOR 20 $138K
board members · 24
  • ALLEN WILEN — PAST CHAIRMAN
  • BETH BROWNSTEIN — MEMBER
  • CASSIE ROSENTHAL — VP MEMBERSHIP
  • CHARLES BERK — MEMBER
  • CHRISTY SEARL — MEMBER
  • DAVID E BERLINER — TREASURER/ VP FINANCE
  • ELIZABETH ABOULAFIA — MEMBER
  • JACEN DINOFF — MEMBER
  • JACK BUTLER — MEMBER
  • JEFFREY HAMPTON — MEMBER AT LARGE
  • JONATHAN BODNER — SECRETARY
  • KEVIN GILLESPIE — MEMBER
  • KEVIN ZUZOLO — MEMBER
  • KIM DESMARAIS — MEMBER
  • LEAH EISENBERG — MEMBER
  • MARK INDELICATO — CHAIRMAN
  • MELANIE CYGANOWSKI — PRESIDENT
  • MORGAN GROSSMAN — MEMBER
  • NEIL GUPTA — MEMBER
  • PAUL DEUTCH — MEMBER
  • PAUL H SHUR — VP EDUCATION
  • RAFFI AZADIAN — MEMBER
  • ROBERT KATZ — MEMBER
  • SHERYL GIUGLIANO — MEMBER
relationships · 50

Who they work with

  • AIRA Partner — NYIC provides CIRA credit, which is administered by AIRA.
  • Akin Gump Strauss Hauer & Feld Partner — Employer of committee member Kevin Zuzolo
  • AlixPartners Partner — Member organization represented on the Real Estate Committee
  • ArentFox Schiff LLP Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Armory Group Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Aurous Financial Partner — Employer of committee member Tim Wise
  • Aurous Financial Partner — Organization of committee member Jeff Sirchio
  • Baker & Hostetler LLP Partner — Member firm represented on the Real Estate Committee
  • Barrett Capital Partner — Member firm represented on the Real Estate Committee
  • Becker & Poliakoff Partner — Member firm represented on the Real Estate Committee
  • Belkin Burden Wenig & Goldman LLP Partner — Member firm represented on the Real Estate Committee
  • Birch Lake Holdings, LP Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Board of Regents of the State of New York Government — Granted NYIC an absolute charter as an educational corporation in 1957.
  • Bodner Law PLLC Partner — Employer of committee member Jonathan S. Bodner
  • Change Capital Partner — Employer of committee member Essa Thiry
  • Change Capital Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Clear Thinking Group LLC Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Cole Schotz Partner — Employer of committee member Amanda Tersigni
  • Cost Reduction Solutions Partner — Employer of committee member Steven Breeman Jr.
  • Eisner Advisory Group LLC Partner — Employer of A.J. Woloszynski, Chairperson of the NYIC Future Leader Committee
  • EisnerAmper LLP Partner — Represented on the Private Equity/Hedge Fund Committee.
  • Gordon Brothers Partner — Employer of committee member Justin Alexander
  • Gordon Brothers Partner — Member firm represented on the Real Estate Committee
  • GrowthZone Partner — Technology partner responsible for website development and support.
  • Hedaya Capital Partner — Employer of committee member David Huber
  • Hilco Real Estate Partner — Member organization represented on the Real Estate Committee
  • JPalmer Collective Partner — Employer of committee member Eunice Kepka
  • Jones Day Partner — Hosts the Chairperson of the Private Equity/Hedge Fund Committee.
  • Jones Day Partner — Member organization of NYIC, listed among supporter tiers
  • MUFG Partner — Employer of committee member Robert Grbic
+ 20 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Credit Verification Through Attendance and Approval
    methodology: credit_verification_through_attendance_and_approval
    By maintaining verifiable attendance records and audit-compliant documentation for approved training sessions, the organization ensures CPE credits meet certification requirements because formal verification upholds credentialing standards and professional accountability.
  • Integrated Career Advancement Model
    methodology: career-advancement-through-integrated-support
    By combining education, networking, and mentorship into a unified professional development approach, the organization advances careers in the credit industry because integrated support systems compound individual growth through knowledge, relationships, and guided opportunity.
  • Leadership Through Mentorship and Innovation Culture
    methodology: leadership through mentorship and innovation
    By honoring professionals who promote lifelong learning, mentorship, and new opportunities, the organization fosters leadership and innovation in the credit industry because public recognition reinforces cultural norms that incentivize knowledge sharing and collective advancement.
  • Practitioner-Led Education Model
    methodology: practitioner-led_education
    By employing active credit executives, accountants, and lawyers as educators, the organization bridges the gap between academic theory and real-world practice, creating a synergistic professional alliance that enhances learning relevance and industry applicability because lived experience increases credibility and practical insight.
  • Virtual Accessibility for Inclusive Participation
    methodology: virtual_accessibility_support
    By using accessible virtual platforms with technical support, the organization ensures broad participation in professional education because removing technological barriers enables equitable engagement across geographic and ability-based divides.