Skip to content
GeoDataVision
Thread Options
#1929956 - 06/05/14 08:10 PM YMCA and Community Development
Ryan Yager Offline
New Poster
Joined: Apr 2014
Posts: 21
IL
Has anyone ever had any luck getting donations to a local YMCA accepted as a Qualified Community Development Investments/Donations?

I just don't think that they do enough to benefit LMI individuals.

Return to Top
CRA
#1929969 - 06/05/14 08:24 PM Re: YMCA and Community Development Ryan Yager
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
I think that would depend on the location of the YMCA and the commmunity it serves. We haven't gotten donation credit but we did get service credit for an officer sitting on their finance and exec committees. We just got documentation of their programs and how they supported LMI individuals and families.
_________________________
We're all here 'cause we've lost control.

Innerpartysystem

Return to Top
#1929971 - 06/05/14 08:24 PM Re: YMCA and Community Development Ryan Yager
Tennismom Offline
Platinum Poster
Tennismom
Joined: Jan 2004
Posts: 771
Yes. Typically the YMCAs in our area have an annual pledge drive with proceeds going towards needs-based scholarships. The scholarship program is a sliding fee scale for those who want to participate, regardless of their ability to pay.

If the donation is to provide support for an aquatics team to purchase swim goggles and swim suits, no credit would be granted.

Return to Top
#1929988 - 06/05/14 08:45 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
As stated, it all depends upon how your funds or services are used. If you can demonstrate the benefit to low/mod income individuals, you will receive credit.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1929994 - 06/05/14 08:54 PM Re: YMCA and Community Development manimal
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Originally Posted By: manimal
I think that would depend on the location of the YMCA and the commmunity it serves.


This too. There is a YMCA located in Hackensack and one in Ridgewood, both Bergen County, NJ. Ridgewood is a VERY upscale town. You'd be hard pressed to argue that YMCA is serving any type of LMI community. Hackensack, on the other hand, has 5 moderate census tracts within the city.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker

Return to Top
#1930001 - 06/05/14 09:07 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
If you can show that your funds went to LMI INDIVIDUALS, vs serving a community, you will get credit. If you are basing it on the community, it won't fly.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1930016 - 06/05/14 09:19 PM Re: YMCA and Community Development Kathleen O. Blanchard
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Agreed. But I'm pretty sure the only LMI individuals in Ridgewood are the landscapers. And they don't live there. grin
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker

Return to Top
#1930019 - 06/05/14 09:22 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
I agree in NJ, mainly because of the high cost of housing, but in other places there are LMI people in middle and upper areas.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1930086 - 06/06/14 11:57 AM Re: YMCA and Community Development Sinatra Fan
Care4RCommunity Offline
100 Club
Care4RCommunity
Joined: Apr 2012
Posts: 106
NJ
I'm wondering where you are getting your information on the 5 moderate census tracts in Hackensack? As a result of the change in MSA congifuration several years ago, Bergen County NJ has NO low or moderate income census tracts. However, I think that those same changes have created a larger percentage of low-mod individuals living in Bergen County's middle and upper tracts.
Last edited by Care4RCommunity; 06/06/14 11:58 AM.
Return to Top
#1930090 - 06/06/14 12:12 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
When I look at the FFIEC preliminary data for Bergen, as of Jan 1, 2014 (based on 2010 census data) I find the following tracts with moderate income:

15400
18100
21100
21500
21600
23100
23200
23501
23601
23602
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1930102 - 06/06/14 12:52 PM Re: YMCA and Community Development Care4RCommunity
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Care4, you are correct that, up until recently, there were no LMI tracts in Bergen County. In 2012, 4 tracts in the county were designated moderate: one in Fairview (181), Garfield (215), and two in Hackensack (235.01, 236.02).

In 2014, as Kathleen noted, there are additional moderate tracts (still no low tracts). Hackensack now has 5: 231, 232, 235.01, 236.01, and 236.02.

You can get the complete list from www.GeoDataVision.com. They are a sponsor of Bankers Online.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker

Return to Top
#1930110 - 06/06/14 01:05 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
You can also get the list at the FFIEC site.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1930145 - 06/06/14 01:49 PM Re: YMCA and Community Development Sinatra Fan
Care4RCommunity Offline
100 Club
Care4RCommunity
Joined: Apr 2012
Posts: 106
NJ
This is embarrasing! I left the CRA world for a very short time in 2012 as part of a job change. This change must have been made during that time. The changes are in my software so my numbers haven't been off. It's just that my performance context that I've been sharing with my Board of Directors has been a bit misguided.
Glad we had this conversation!

Return to Top
#1930176 - 06/06/14 02:10 PM Re: YMCA and Community Development Ryan Yager
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
Then good thing this came up!
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1930317 - 06/06/14 04:31 PM Re: YMCA and Community Development Ryan Yager
B_F Offline
Power Poster
B_F
Joined: Nov 2006
Posts: 7,228
Cincinnati, OH
Did the recent MSA change effect any of those tracts? The 2012 income levels are now outdated.

*never mind* Kathleen hit it later in the thread. smile
Last edited by B_F; 06/06/14 04:31 PM.
Return to Top
#1931247 - 06/10/14 09:45 PM Re: YMCA and Community Development Care4RCommunity
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,294
See the December 30, 2013 entry on the following page. http://www.ffiec.gov/hmda/whatsnew_2013.htm

We are waiting for the FFIEC to publish final data.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

Return to Top
#1933679 - 06/18/14 05:11 PM Re: YMCA and Community Development Ryan Yager
Princess Romeo Offline

Power Poster
Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
You may want to ask your contact person at the YMCA if they can provide an donation acknowledgement letter that will state the donation will be used to support LMI clients in a "sliding scale" fee program - say for after-school programs, pre-school, or other community services.
_________________________
CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'

Return to Top