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MELROSE CREDIT UNION

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Tax-exempt status may be revoked

MELROSE CREDIT UNION

EIN 13-1739819

What they do

CREDIT UNION ESTABLISHED to FULFILL OUR MEMBERS FINANCIAL NEEDS IN A SAFE, SOUND MANNER WHILE PROMOTING THRIFT and GRANTING AFFORDABLE LOANS for PROVIDENT PURPOSES.

Before you give

Should I give to this charity?

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$245.43spent for every $100 of revenueSpending was higher than revenue this year.
$11.09in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $95,190,429 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $393,336 for ALAN KAUFMAN (EX-CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$65,452,408
Expenses$160,642,837
Annual shortfall $95,190,429 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$65,452,408
Expenses$160,642,837
Assets$1,782,031,376
Stocks and bonds$61,956,771
Accounting fees$1,366,830
Investing fees$29,025
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ALAN KAUFMANEX-CEO · 40 hrs/week $393,336Base $374,021 · Other $19,315
MARION SMITHASST TREASURER · 40 hrs/week $388,197Base $373,440 · Other $14,757
STEVEN KRAUSERINTERIM CEO · 40 hrs/week $320,626Base $300,226 · Other $20,400
MITCHELL D REIVERASST SECY · 40 hrs/week $313,344Base $284,983 · Other $28,361
ROBIN L MYERSCONTROLLER · 40 hrs/week $241,995Base $214,201 · Other $27,794
JOSEPH AIELLOINFORMATION TECH MANAGER · 40 hrs/week $207,953Base $180,268 · Other $27,685
ALAN PLAFKERBUSINESS SERVICES SUPERVISOR · 40 hrs/week $203,892Base $185,032 · Other $18,860
CATHERINE M CHEMPANOSCOMPLIANCE OFFICER · 40 hrs/week $188,511Base $169,664 · Other $18,847
SEBASTIAN GALLITTOLOAN SUPERVISOR · 40 hrs/week $186,247Base $155,981 · Other $30,266
SALVATORE BETBUS. ACCT SPEC · 40 hrs/week $169,945Base $143,288 · Other $26,657
JOHN CETTALOAN UNDERWRITER SUPERVISOR · 40 hrs/week $168,578Base $156,731 · Other $11,847
PATRICK HANNABERRYIT SUPPORT SPEC. · 40 hrs/week $163,493Base $136,203 · Other $27,290

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

ALAN KAUFMANEX-CEO

MARION SMITHASST TREASURER

STEVEN KRAUSERINTERIM CEO

MITCHELL D REIVERASST SECY

ROBIN L MYERSCONTROLLER

JOSEPH AIELLOINFORMATION TECH MANAGER

ALAN PLAFKERBUSINESS SERVICES SUPERVISOR

CATHERINE M CHEMPANOSCOMPLIANCE OFFICER

SEBASTIAN GALLITTOLOAN SUPERVISOR

SALVATORE BETBUS. ACCT SPEC

JOHN CETTALOAN UNDERWRITER SUPERVISOR

PATRICK HANNABERRYIT SUPPORT SPEC.

JULIO CASTILLOSR. LOAN OFFICER-INTERIM LOAN SUPER

PAUL REICHCOMPLIANCE OFFICER

INDERA BHOLA-NARINEQC ASSISTANT

BRUCE KOPECBANK MANAGER

LORI GORDONASST BRANCH MANAGER

LAURIE BENJAMINVICE PRESIDENT

LEE KOMITORDIRECTOR

PAUL WOLDARPRESIDENT

ROSALIE DORNSTEINDIRECTOR

SCOTT DEUTCHMANSECRETARY

SYDNEY DEITZDIRECTOR

About this charity

Location
139-30 QUEENS BLVD, BRIARWOOD, NY 11435
County
Queens
In care of
RICHARD DICHIARA

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
MERRILL I ROSEN CPA PC
Revocation date
May 15, 2021

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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