MORTGAGE BANKERS ASSOCIATION OF AMERICA: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE BANKERS ASSOCIATION OF AMERICA (EIN 36-1505650)
- Tax period
- 2019-10-01 to 2020-09-30
- Filed
- 2021-08-11
- IRS object ID
- 202112239349300741
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-08-11T12:29:34-05:00 | ReturnTs |
| Tax Period End | 2020-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 N GLEBE ROAD SUITE 200 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361505650 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MORT | BusinessNameControlTxt |
| Phone | 2025572700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LISA J HAYNES | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2025572700 | PhoneNum |
| Signature | 2021-08-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAELA J CROMAR CPA | PreparerPersonNm |
| PTIN | P00895728 | PTIN |
| Phone | 5712279500 | PhoneNum |
| Preparation | 2021-08-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT D BROEKSMIT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $99,339,890 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MBA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1914 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 36 | VotingMembersIndependentCnt |
| Total Employee | 174 | TotalEmployeeCnt |
| Total Volunteers | 2000 | TotalVolunteersCnt |
| Total Gross UBI | $807,772 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,117 | PYContributionsGrantsAmt |
| CY Contributions Grants | $589,111 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $60,207,385 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $51,028,689 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,390,837 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,012,060 | CYInvestmentIncomeAmt |
| PY Other Revenue | $21,336,014 | PYOtherRevenueAmt |
| CY Other Revenue | $5,844,504 | CYOtherRevenueAmt |
| PY Total Revenue | $83,946,353 | PYTotalRevenueAmt |
| CY Total Revenue | $61,474,364 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,488,097 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $385,183 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $30,106,997 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $31,591,847 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,339,611 | PYOtherExpensesAmt |
| CY Other Expenses | $18,967,306 | CYOtherExpensesAmt |
| PY Total Expenses | $54,934,705 | PYTotalExpensesAmt |
| CY Total Expenses | $50,944,336 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,011,648 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,530,028 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $127,064,646 | TotalAssetsBOYAmt |
| Total Assets EOY | $132,210,021 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $34,494,053 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,149,665 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $92,570,593 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $104,060,356 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MORTGAGE BANKERS ASSOCIATION (MBA) IS THE NATIONAL ASSOCIATION REPRESENTING THE REAL ESTATE FINANCE INDUSTRY, AN INDUSTRY THAT EMPLOYS MORE THAN 280,000 PEOPLE IN VIRTUALLY EVERY COMMUNITY IN THE COUNTRY. HEADQUARTERED IN WASHINGTON, D.C., MBA INVESTS IN COMMUNITIES | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MEETINGS & CONFERENCESMBA'S FISCAL YEAR 2020 (FY2020) SAW MORE THAN 13,699 INDIVIDUAL ATTENDEES AT 11 (SEVEN IN-PERSON, FOUR VIRTUAL) CONFERENCES AND MEETINGS THAT PROVIDED ATTENDEES WITH TIMELY INFORMATION ABOUT THE ECONOMY, BUSINESS TRENDS, TECHNOLOGICAL INNOVATION, AND LEGISLATIVE AND REGULATORY CHANGES AND PROSPECTS. DUE TO THE PANDEMIC THIS FISCAL YEAR, MBA HAD TO PIVOT TO VIRTUAL MEETINGS AND QUICKLY BUILT A CUSTOM PLATFORM TO DELIVER CONTENT TO OUR MEMBERSHIP IN A SEAMLESS FASHION.MBA CONDUCTED A SUCCESSFUL ANNUAL CONVENTION IN OCTOBER 2019 IN AUSTIN, TX, WITH 4,079 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO HELD IN FEBRUARY 2020 IN SAN DIEGO HAD 3,035 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS, WITH 524 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES.IN ADDITION TO THE LARGE ANNUAL CONVENTION EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS FOUR OTHER LARGE CONFERENCES AND EXPOS EACH YEAR AND 15 MORE FINELY FOCUSED SPECIAL INTEREST CONFERENCES. THE OTHER FOUR LARGE GATHERINGS ARE THE COMMERCIAL REAL ESTATE FINANCE/MULTIFAMILY HOUSING CONVENTION & EXPO, NATIONAL MORTGAGE SERVICING CONFERENCE & EXPO, TECHNOLOGY SOLUTIONS CONFERENCE & EXPO, AND NATIONAL SECONDARY MARKET CONFERENCE & EXPO. THE NATIONAL SECONDARY CONFERENCE & EXPO DID NOT HAPPEN IN PERSON OR VIRTUALLY DUE TO THE PANDEMIC AND SCHEDULING.THE 15 OR MORE SPECIALIZED PROGRAMS HELP PARTICIPANTS GAIN KNOWLEDGE AND INFORMATION IN LEGAL ISSUES AND REGULATORY COMPLIANCE, COMMERCIAL SERVICING, RISK MANAGEMENT, AND ACCOUNTING AND FINANCIAL MANAGEMENT. EACH OF THESE PROGRAMS IS AN INTEGRAL PART OF THE MEMBERSHIP VALUE PROPOSITION FOR MEMBER COMPANIES. SEVERAL PROGRAMS QUALIFY IN WHOLE OR IN PART FOR A CONTINUING LEGAL EDUCATION CREDIT (CLE), CPE, AND OTHER CONTINUING EDUCATION CREDITS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVOCACY FOR MEMBERS AND THE INDUSTRYMBA CONTINUES TO BE THE LEADING ADVOCATE FOR THE ENTIRE REAL ESTATE FINANCE INDUSTRY BOTH IN WASHINGTON, DC AND IN STATE CAPITALS. IN 2020, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING GSE REFORM, PATHWAYS TO AFFORDABLE HOMEOWNERSHIP, COVID-RELATED ISSUES IMPACTING BORROWERS AND LENDERS, AND OTHER REGULATORY AND SUPERVISORY ISSUES. OUR LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY AND STATEMENTS FOR THE RECORD BEFORE THE HOUSE FINANCIAL SERVICES AND SENATE BANKING COMMITTEES, SUPPORT FOR THE ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY), INCLUDING SUPPORT FOR FUNDING FOR CRITICAL HUD INFORMATION TECHNOLOGY INFRASTRUCTURE, ASSISTANCE FOR HOMEOWNERS AND RENTERS FACING COVID-RELATED HARDSHIPS, AS WELL AS EDUCATION AND ADVOCACY ON A WIDE VARIETY OF OTHER REAL ESTATE FINANCE ISSUES. WITH REGARD TO REGULATORY ACHIEVEMENTS, MBA SUBMITTED COMMENT LETTERS AND PROVIDED GUIDANCE AND SUBSTANTIVE RECOMMENDATIONS THROUGHOUT THE YEAR TO REGULATORS, INCLUDING HUD, VA, USDA, TREASURY, CFPB, FHFA, NAIC AND THE FEDERAL BANKING AGENCIES. THESE RECOMMENDATIONS COVERED A WIDE-RANGING SET OF MORTGAGE FINANCE ISSUES, INCLUDING ORIGINATION AND SERVICING GUIDELINES, SECONDARY MARKET STRUCTURE, TAX AND ACCOUNTING REQUIREMENTS, CAPITAL REQUIREMENTS, CONSUMER PROTECTION REGULATIONS, AND DATA SECURITY/PRIVACY. PARTICULARLY IN LIGHT OF THE COVID-19 PANDEMIC AND THE IMPLEMENTATION OF ORIGINATION AND SERVICING FLEXIBILITIES FOR MORTGAGE LENDERS, OUR ASSOCIATION PLAYED A CRITICAL ROLE IN EDUCATING MORTGAGE SERVICERS AND ORIGINATORS ABOUT THE NEW RULES, AND ADVISING THE REGULATORY AGENCIES ON THE IMPACTS CAUSED BY THE WIDESPREAD USE OF FORBEARANCE. THE ASSOCIATION ALSO FILED AMICUS BRIEFS IN NUMEROUS CASES SUPPORTING THE INDUSTRY IN DISPUTES OVER IMPORTANT LEGAL ISSUES.IN THE COMMERCIAL/MULTIFAMILY REAL ESTATE FINANCE SECTOR, MBA'S PUBLIC POLICY ACTIVITIES IN FISCAL YEAR 2020 SUPPORTED OUR MEMBERS' INTERESTS BY FURTHERING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE COMMERCIAL REAL ESTATE FINANCE MARKET, INCLUDING DURING THE COVID-19 PANDEMIC. MBA SHARED INFORMATION AND RECOMMENDATIONS WITH THE PUBLIC AND POLICY MAKERS ON A VARIETY OF POLICY ISSUES AFFECTING THE COMMERCIAL/MULTIFAMILY FINANCE INDUSTRY, INCLUDING: CAPITAL AND ACCOUNTING FLEXIBILITY FOR LOAN MODIFICATIONS DURING THE COVID-19 PANDEMIC; ECONOMIC RELIEF DURING THE PANDEMIC; LIFE COMPANY RISK-BASED CAPITAL STANDARDS, THE ROLES OF THE MANY PROVIDERS OF DEBT CAPITAL IN MULTIFAMILY FINANCE; FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE, FLOOD INSURANCE REGULATIONS, AND APPRAISAL MATTERS. AT THE STATE LEVEL, WE WORKED WITH NUMEROUS STATE MORTGAGE BANKING ASSOCIATIONS AND OTHER PARTNERS ON A WIDE VARIETY OF HOUSING, LICENSING, AND REAL ESTATE FINANCE ISSUES BY PROVIDING DATA AND POLICY ANALYSIS TO SUPPORT THEIR EFFORTS. AS THE COVID-19 PANDEMIC FORCED SOCIAL DISTANCING, WE WORKED WITH STATES TO URGE THEM TO ALLOW MORTGAGE EMPLOYEES TO WORK REMOTELY, A COMMONSENSE SOLUTION TO ALIGN OUR INDUSTRY WITH THE REALITIES OF THE PANDEMIC.AS THE VOICE OF THE REAL ESTATE INDUSTRY IN WASHINGTON, D.C. AND THROUGHOUT THE NATION, MBA IS ALSO PROUD TO HOST AND SUPPORT DIVERSITY AND INCLUSION INITIATIVES, YOUNG PROFESSIONALS' GROUPS, AND AFFORDABLE HOMEOWNERSHIP COALITIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIP AND EDUCATIONMBA'S MEMBERSHIP INCLUDES BUSINESSES FROM ALL SEGMENTS OF THE REAL ESTATE FINANCE INDUSTRY. WE ENDED 2020 WITH MORE THAN 2,100 TOTAL MEMBERS, WHICH INCLUDES CLOSE TO 300 NEW MEMBERS AND REFLECTS AN 82 PERCENT RETENTION RATE AMONG EXISTING MEMBERS. MBA EDUCATION PROVIDED TRAINING AND DEVELOPMENT TO OVER 40,000 REAL ESTATE PROFESSIONALS REPRESENTING SINGLE-FAMILY AND COMMERCIAL/MULTIFAMILY LENDING DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2020. TRAINING IS PROVIDED THROUGH A MIX OF DELIVERY FORMATS INCLUDING CLASSROOM-BASED COURSES, INSTRUCTOR-GUIDED ONLINE COURSES, CERTIFICATION AND DESIGNATION PROGRAMS, WEBINARS, AND WEB-BASED SELF-STUDY COURSES. ACROSS MBA EDUCATION'S LIVE PROGRAMMING AND SELF-PACED OFFERINGS, THE DEPARTMENT OFFERS NEARLY 450 TRAINING PROGRAMS COVERING ALL FACETS OF THE INDUSTRY. LEVEL II OF THE CERTIFIED MORTGAGE COMPLIANCE PROFESSIONAL (CMCP) DESIGNATION ADDED FOURTEEN NEW COURSES TO OUR LIBRARY AND WAS THE SOLE NEW PROGRAM ADDITION DURING THE FISCAL YEAR. OUR 3-COURSE FLAGSHIP PROGRAM, THE SCHOOL OF MORTGAGE BANKING, COMBINED TO TRAIN JUST OVER 1,000 STUDENTS. SUCCESSFUL COMPLETION OF THE THREE LEVELS RESULTS IN STUDENTS BEING AWARD THE ACCREDITED MORTGAGE PROFESSIONAL (AMP) CERTIFICATION. MBA EDUCATION'S CERTIFICATION AND DESIGNATION PROGRAMS CONTINUED TO BE A SIGNIFICANT BENEFIT TO INDUSTRY PROFESSIONALS. DURING THE FISCAL YEAR, 669 INDIVIDUALS ENROLLED IN ONE OF MBA EDUCATION'S SEVEN CERTIFICATION AND DESIGNATION PROGRAMS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 165 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 174 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 36 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LISA J HAYNES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2025572835 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW 5TH FLOOR | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT D BROEKSMIT | |||||||||
| PRESIDENT & CEO | 34.70 | 0.30 | Yes (X) | $1,475,414 | $0 | $320,217 | |||
| MARCIA M DAVIES | |||||||||
| CHIEF OPERATING OFFICER | 34.70 | 0.30 | $1,103,039 | $0 | $34,320 | Yes (X) | |||
| GORDON R MILLS | |||||||||
| SVP, RES. POLICY & MEMBER ENGAGEMT. | 35.00 | $634,883 | $0 | $38,972 | Yes (X) | ||||
| WILLIAM P KILLMER | |||||||||
| SVP, LEGISLATIVE & POL. AFFAIRS | 35.00 | $593,964 | $0 | $34,841 | Yes (X) | ||||
| MICHAEL C FRATANTONI | |||||||||
| CHIEF ECON. & SVP RES. & IND. TECH. | 32.00 | 3.00 | $431,311 | $0 | $36,472 | Yes (X) | |||
| PETER J GRACE | |||||||||
| CIO AND SVP, STRATEGY & MEMBER SERV. | 35.00 | $428,519 | $0 | $36,742 | Yes (X) | ||||
| STEPHEN O'CONNOR | |||||||||
| SVP, AFFORDABLE HOUSING INITIATIVES | 35.00 | $424,469 | $0 | $38,972 | Yes (X) | ||||
| HELEN R KANOVSKY | |||||||||
| SVP & GENERAL COUNSEL (UNTIL 4/3/20) | 32.70 | 2.30 | Yes (X) | $375,853 | $0 | $17,334 | |||
| LISA J HAYNES | |||||||||
| SVP, CFO & CHIEF DIV. & INCL. OFFI. | 32.70 | 2.30 | Yes (X) | $371,571 | $0 | $33,009 | |||
| THOMAS K KIM | |||||||||
| SVP, CREF POLICY (UNTIL 10/15/19) | 35.00 | $320,386 | $0 | $35,334 | Yes (X) | ||||
| ELAINE HOWARD HARRINGTON | |||||||||
| VP, CONFERENCES | 35.00 | $318,213 | $0 | $37,556 | Yes (X) | ||||
| JAMES WOODWELL | |||||||||
| VP, COMMERCIAL REAL ESTATE RESEARCH | 35.00 | $307,292 | $0 | $30,466 | Yes (X) | ||||
| JOHN MECHEM | |||||||||
| VP, PUBLIC AFFAIRS | 35.00 | $304,312 | $0 | $34,720 | Yes (X) | ||||
| TRICIA MIGLIAZZO | |||||||||
| VP, MEMBERSHIP ENGAGEMENT | 35.00 | $294,234 | $0 | $8,663 | Yes (X) | ||||
| KATHRYN MARQUART | |||||||||
| VP, COMMERCIAL/MULTI FAMILY | 35.00 | $284,203 | $0 | $31,218 | Yes (X) | ||||
| BRIAN F STOFFERS | |||||||||
| CHAIRMAN | 4.00 | Yes (X) | $8,972 | $0 | $0 | Yes (X) | |||
| MICHAEL W BRIGGS | |||||||||
| SVP & GENERAL COUNSEL (FROM 6/1/20) | 32.70 | 2.30 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN T STEWART | |||||||||
| CHAIRMAN-ELECT | 7.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| KRISTY FERCHO | |||||||||
| VICE-CHAIRMAN | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| CHRISTOPHER M GEORGE | |||||||||
| IMMEDIATE PAST CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| ROBERT D BROEKSMIT | |||||||||
| EX-OFFICIO | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| SCOTT BASSIN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| BYRON L BOSTON | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| TODD CHAMBERLAIN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| GARY D CLARK | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| JONATHAN M CORR | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| MICHAEL J DEVITO | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| WILLIAM C EMERSON | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| LAURA ESCOBAR | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| MATTHEW E GALLIGAN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| JOHN M HEDLUND | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| MARK A JONES | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| CHRISTOPHER LABIANCA | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| WILLIAM LOWMAN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| ANGELA MAGO | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| FRANK D MARTELL | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| MARY ANN MCGARRY | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| STANLEY C MIDDLEMAN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| PETER R NORDEN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| GARY N OTTEN | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| EDUARDO PEREZ | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| KURT PFOTENHAUER | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| JAY PLUM | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| T ANTHONY PREMER | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| CHRISTINE C RHEA | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| ANDREW RIPPERT | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| ERIN STAFFORD | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| DEBRA W STILL | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| JEFFREY C TAYLOR | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| RICHARD G THORNBERRY | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| WILLIAM M WALKER | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| FOWLER C WILLIAMS | |||||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,676,635 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $768,836 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 92 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STRATMOR GROUP LLC | |||||
| PO BOX 19436 | BOULDER | CO | 80308 | DATA DRIVEN MORTGAGE ADVISORY | $387,021 |
| HIGHER LOGIC | |||||
| 1919 N LYNN ST SUITE 500 | ARLINGTON | VA | 22209 | SOFTWARE DEVELOPMENT | $257,574 |
| PROMONTORY FINANCIAL GROUP LLC | |||||
| 801 17TH ST NW SUITE 1100 | WASHINGTON | DC | 20006 | FINANCIAL SERVICES | $155,000 |
| HOLLAND & KNIGHT | |||||
| PO BOX 864084 | ORLANDO | FL | 32886 | LEGISLATIVE & ADVOCACY CONSULTING | $150,000 |
| REPUBLIC CONSULTING | |||||
| 8828 CRICK ALY | ORLANDO | FL | 32827 | LOBBYING & BUSINESS DEVELOPMENT | $150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $589,111 | AllOtherContributionsAmt |
| Total Contributions | $589,111 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $23,241,569 | $23,241,569 | |
| CONFERENCES AND PROGRAMS | 900099 | $19,320,267 | $19,320,267 | |
| EDUCATION AND PROGRAMS | 900099 | $4,415,153 | $4,415,153 | |
| PERIODICALS AND PUBLICATIONS | 541800 | $1,694,257 | $937,485 | $756,772 |
| PRODUCT FEES | 900099 | $1,053,000 | $1,053,000 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,304,443 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,253,443 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $51,000 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $51,028,689 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,640,407 | TotalRevenueColumnAmt |
| Exclusion | $2,640,407 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $536,494 | TotalRevenueColumnAmt |
| Exclusion | $536,494 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,237,179 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $37,865,526 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,371,653 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,371,653 | TotalRevenueColumnAmt |
| Exclusion | $1,371,653 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| MERS RESERVE | 900099 | $5,255,259 | $5,255,259 |
| OTHER REVENUE | 900099 | $52,751 | $52,751 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,308,010 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,474,364 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,220,917 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $807,772 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,856,564 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $385,183 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,557,408 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,958,433 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,081,886 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,529,908 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,464,212 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,893 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,971 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $615,762 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,394 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,696,024 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $416,172 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,606,655 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,016,480 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,176 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,566,607 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $876,455 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,758,522 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $706,626 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,628 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CREDIT CARD FEES | $747,371 |
| STAFF & PROC. TRAINING | $666,763 |
| COMMISSIONS | $109,191 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,616 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,944,336 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,740,408 | BOYAmt |
| EOY | $37,985,856 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,316 | BOYAmt |
| EOY | $597,258 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,857,662 | BOYAmt |
| EOY | $1,790,281 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $9,747,280 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,932,415 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,543,109 | BOYAmt |
| EOY | $4,814,865 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,509,207 | BOYAmt |
| EOY | $86,060,835 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,137,944 | BOYAmt |
| EOY | $960,926 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,064,646 | BOYAmt |
| EOY | $132,210,021 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,030,213 | BOYAmt |
| EOY | $5,566,885 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,918,498 | BOYAmt |
| EOY | $18,321,914 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,545,342 | BOYAmt |
| EOY | $4,260,866 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,494,053 | BOYAmt |
| EOY | $28,149,665 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,501,770 | BOYAmt |
| EOY | $103,967,346 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,823 | BOYAmt |
| EOY | $93,010 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,570,593 | BOYAmt |
| EOY | $104,060,356 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,064,646 | BOYAmt |
| EOY | $132,210,021 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $10,530,028 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $959,735 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW 5TH FLR | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526144335 | EIN |
| Contributions Rcvd Dlvr | $1,425,597 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $23,241,569 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $2,474,663 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $413,211 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $2,887,874 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $2,324,157 | AggregateReportedDuesNtcAmt |
| Carried Over | $563,717 | CarriedOverAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A LINE 1 | FormAndLineReferenceDesc |
| Explanation | MBA'S POLITICAL ACTIVITY FOR THE YEAR ENDED 9/30/20 CONSISTED OF ACTIVITIES CONDUCTED SOLELY THROUGH ITS CONNECTED PAC, THE MORTGAGE BANKERS ASSOCIATION PAC (MORPAC) | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,012,043 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,594,470 | DepreciationAmt |
| Book Value | $1,417,573 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,012,970 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,956,560 | DepreciationAmt |
| Book Value | $3,056,410 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $722,267 | OtherCostOrOtherBasisAmt |
| Depreciation | $381,385 | DepreciationAmt |
| Book Value | $340,882 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,814,865 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED RENT AND LEASE INCENTIVE | $2,655,146 |
| DUE TO AFFILIATES | $1,605,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,260,866 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $62,142,705 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $959,735 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $959,735 | RevenueNotReportedAmt |
| Revenue Subtotal | $61,182,970 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $291,394 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $291,394 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $61,474,364 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $50,652,942 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $50,652,942 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $291,394 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $291,394 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,944,336 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (23 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| NAACP LEGAL DEFENSE & EDUCATIONAL FUND INC | |||||||
| 40 RECTOR ST FL 5 | NEW YORK | NY | 10006 | 131655255 | 501C3 | $50,000 | UNRESTRICTED OPERATING SUPPORT |
| THE CMG FOUNDATION | |||||||
| 3160 CROW CANYON RD | SAN ROMAN | CA | 94583 | 455058060 | 501C3 | $45,000 | UNRESTRICTED OPERATING SUPPORT |
| HOMEFREE-USA INC | |||||||
| 6200 BALTIMORE AVE | RIVERDALE | MD | 20737 | 521885132 | C-CORP | $30,000 | SPONSORSHIP |
| UNITED STATES CONFERENCE OF MAYORS | |||||||
| PO BOX 826902 | PHILADELPHIA | PA | 19182 | 530196642 | 501C3 | $25,000 | SPONSORSHIP/DONATION |
| NATIONAL ASSOCIATION OF REAL ESTATE BROKERS | |||||||
| 9831 GREENBELT RD STE 309 | LANHAM | MD | 20706 | 366125210 | 501C6 | $20,000 | DIVERSITY ALLIANCE PARTNERSHIP DONATION |
| NATIONAL URBAN LEAGUE | |||||||
| 80 PINE STREET 9TH FLOOR | NEW YORK | NY | 10005 | 131840489 | 501C3 | $20,000 | CONTRIBUTION & SPONSORSHIP |
| MBA OPENS DOORS FOUNDATION | |||||||
| 1919 M STREET NW 5TH FLOOR | WASHINGTON | DC | 20036 | 320355086 | 501C3 | $17,858 | MBA STAFF MATCHING GIFT/DONATION |
| CHILDREN'S NATIONAL HOSPITAL FOUNDATION | |||||||
| 801 ROEDER ROAD SUITE 300 | SILVER SPRING | MD | 20910 | 521640402 | 501C3 | $17,500 | SPONSORSHIP/DONATION |
| NATIONAL ASSOCIATION OF MINORITY MORTGAGE BANKERS OF AMERICA IN | |||||||
| PO BOX 7246 | ATLANTA | GA | 30357 | 814649521 | 501C6 | $15,000 | SPONSROSHIP/PARTNERSHIP |
| LENDERS ONE | |||||||
| 12747 OLIVE BLVD STE 300 | ST LOUISE | MO | 63141 | 431916565 | C-CORP | $12,500 | SPONSORSHIP |
| NATIONAL HOUSING CONFERENCE INC | |||||||
| 1900 M ST NW SUITE 200 | WASHINGTON | DC | 20035 | 530208180 | 501C3 | $10,000 | MEMBERSHIP & SPONSORSHIP |
| HOMEOWNERSHIP COUNCIL OF AMERICA | |||||||
| 1611 E 4TH ST STE 100-B | SANTA ANA | CA | 92701 | 870798977 | 501C3 | $10,000 | SPONSORSHIP/GENERAL SUPPORT |
| INNOVATE MEMPHIS | |||||||
| 516 TENNESSEE ST STE 223 | MEMPHIS | TN | 38103 | 453699291 | 501C3 | $10,000 | SPONSORSHIP |
| MOUNT VERNON LADIES ASSOCIATION | |||||||
| 1250 I ST NW STE 400 | WASHINGTON | DC | 20005 | 540564701 | 501C3 | $10,000 | SPONSORSHIP |
| NF FORWARD | |||||||
| 1074 WOODWARD AVE | DETRIOT | MI | 48226 | 821672519 | 501C3 | $7,500 | SPONSORSHIP |
| WOMEN'S CENTER | |||||||
| 133 PARK ST NE | VIENNA | VA | 22180 | 237423496 | 501C3 | $7,500 | SUPPORT |
| ALZHEIMERS ASSOCIATION | |||||||
| 25200 TELEGRAPH RD STE 100 | SOUTHFIELD | MI | 48033 | 133039601 | 501C3 | $5,000 | UNRESTRICTED OPERATING SUPPORT |
| CAMP REHOBOTH | |||||||
| 37 BALTIMORE AVENUE | REHOBOTH BEACH | DE | 19971 | 510331962 | 501C3 | $5,000 | UNRESTRICTED OPERATING SUPPORT |
| GEORGETOWN UNIVERSITYPEDIATRICS GALA | |||||||
| 4200 WISCONSIN AVE SUITE 200 | WASHINGTON | DC | 20016 | 530196603 | 501C3 | $5,000 | GALA SPONSORSHIP/DONATION |
| SOME INC | |||||||
| 71 O STREET NW | WASHINGTON | DC | 20001 | 237098123 | 501C3 | $5,000 | SOME GALA DONATION |
| NATIONAL FAIR HOUSING ALLIANCE | |||||||
| 1101 VERMONT AVE NW SUITE 710 | WASHINGTON | DC | 20005 | 521676364 | 501C3 | $5,000 | SPONSORSHIP |
| NATIONAL ASSOCIATION OF NEIGHBORHOODS | |||||||
| 1300 PENNSYLVANIA AVE NW STE 700 | WASHINGTON | DC | 20004 | 237148216 | 501C3 | $5,000 | UNRESTRICTED OPERATING SUPPORT |
| UNITED HOUSING INC | |||||||
| 2750 COLONY PARK DR | MEMPHIS | TN | 38118 | 621597364 | 501C3 | $5,000 | SPONSORSHIP/GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 19 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT D BROEKSMIT | ||||||||||||||
| PRESIDENT & CEO | $901,428 | $0 | $566,667 | $0 | $7,319 | $0 | $300,275 | $0 | $19,942 | $0 | $1,795,631 | $0 | $0 | $0 |
| MARCIA M DAVIES | ||||||||||||||
| CHIEF OPERATING OFFICER | $622,664 | $0 | $476,674 | $0 | $3,701 | $0 | $16,800 | $0 | $17,520 | $0 | $1,137,359 | $0 | $0 | $0 |
| GORDON R MILLS | ||||||||||||||
| SVP, RES. POLICY & MEMBER ENGAGEMT. | $531,182 | $0 | $100,000 | $0 | $3,701 | $0 | $16,800 | $0 | $22,172 | $0 | $673,855 | $0 | $0 | $0 |
| WILLIAM P KILLMER | ||||||||||||||
| SVP, LEGISLATIVE & POL. AFFAIRS | $516,552 | $0 | $75,000 | $0 | $2,412 | $0 | $16,800 | $0 | $18,041 | $0 | $628,805 | $0 | $0 | $0 |
| MICHAEL C FRATANTONI | ||||||||||||||
| CHIEF ECON. & SVP RES. & IND. TECH. | $370,470 | $0 | $60,000 | $0 | $841 | $0 | $16,800 | $0 | $19,672 | $0 | $467,783 | $0 | $0 | $0 |
| PETER J GRACE | ||||||||||||||
| CIO AND SVP, STRATEGY & MEMBER SERV. | $367,678 | $0 | $60,000 | $0 | $841 | $0 | $16,800 | $0 | $19,942 | $0 | $465,261 | $0 | $0 | $0 |
| STEPHEN O'CONNOR | ||||||||||||||
| SVP, AFFORDABLE HOUSING INITIATIVES | $366,057 | $0 | $56,000 | $0 | $2,412 | $0 | $16,800 | $0 | $22,172 | $0 | $463,441 | $0 | $0 | $0 |
| HELEN R KANOVSKY | ||||||||||||||
| SVP & GENERAL COUNSEL (UNTIL 4/3/20) | $343,731 | $0 | $25,000 | $0 | $7,122 | $0 | $16,800 | $0 | $534 | $0 | $393,187 | $0 | $0 | $0 |
| LISA J HAYNES | ||||||||||||||
| SVP, CFO & CHIEF DIV. & INCL. OFFI. | $320,281 | $0 | $50,000 | $0 | $1,290 | $0 | $16,800 | $0 | $16,209 | $0 | $404,580 | $0 | $0 | $0 |
| THOMAS K KIM | ||||||||||||||
| SVP, CREF POLICY (UNTIL 10/15/19) | $277,893 | $0 | $25,000 | $0 | $17,493 | $0 | $16,800 | $0 | $18,534 | $0 | $355,720 | $0 | $0 | $0 |
| ELAINE HOWARD HARRINGTON | ||||||||||||||
| VP, CONFERENCES | $270,801 | $0 | $45,000 | $0 | $2,412 | $0 | $16,500 | $0 | $21,056 | $0 | $355,769 | $0 | $0 | $0 |
| JAMES WOODWELL | ||||||||||||||
| VP, COMMERCIAL REAL ESTATE RESEARCH | $266,402 | $0 | $39,600 | $0 | $1,290 | $0 | $16,206 | $0 | $14,260 | $0 | $337,758 | $0 | $0 | $0 |
| JOHN MECHEM | ||||||||||||||
| VP, PUBLIC AFFAIRS | $266,840 | $0 | $36,600 | $0 | $872 | $0 | $16,200 | $0 | $18,520 | $0 | $339,032 | $0 | $0 | $0 |
| TRICIA MIGLIAZZO | ||||||||||||||
| VP, MEMBERSHIP ENGAGEMENT | $180,350 | $0 | $113,176 | $0 | $708 | $0 | $8,663 | $0 | $0 | $0 | $302,897 | $0 | $0 | $0 |
| KATHRYN MARQUART | ||||||||||||||
| VP, COMMERCIAL/MULTI FAMILY | $248,714 | $0 | $32,000 | $0 | $3,489 | $0 | $16,169 | $0 | $15,049 | $0 | $315,421 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | MBA HAS AN EXECUTIVE COMMITTEE THAT IS EMPOWERED TO ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS BETWEEN MEETINGS. THE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ADOPT OFFICIAL POSITIONS ON PUBLIC POLICY MATTERS (UNLESS EXPLICITLY PROVIDED THAT POWER); APPROVE THE ANNUAL BUDGET; DETERMINE MEMBER DUES; APPOINT OR REMOVE THE PRESIDENT AND CEO; FILL BOARD AND EXECUTIVE COMMITTEE VACANCIES; ADOPT BYLAWS AMENDMENTS; APPROVE ORGANIZATIONAL CONSOLIDATION OR MERGER; OR ELIMINATE A STANDING COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE ELECTED OFFICERS AND THE CHAIRS OF COMBOG AND RESBOG, AS WELL AS THE PRESIDENT AND CEO OF THE ASSOCIATION SERVICING EX OFFICIO AS NONVOTING MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 6 | MBA IS A NONPROFIT MEMBERSHIP CORPORATION. IT HAS THE FOLLOWING CLASSES OF MEMBERSHIP: (A) REGULAR MEMBERS - FINANCIAL INSTITUTIONS AND OTHER ENTITIES THAT ARE REGULARLY IN THE BUSINESS OF ORIGINATING, SERVICING, OR INVESTING IN MORTGAGE LOANS OR OTHERWISE SHARE IN THE RISK OF MORTGAGE LOAN PERFORMANCE, SUCH AS MORTGAGE INSURERS AND TITLE INSURANCE UNDERWRITERS, SHALL BE CONSIDERED REGULAR MEMBERS. (B) ASSOCIATE MEMBERS - BUSINESS ORGANIZATIONS, FINANCIAL INSTITUTIONS, AND INDIVIDUALS THAT REGULARLY PROVIDE SERVICE OR PRODUCTS FOR BUSINESS ORGANIZATIONS OR FINANCIAL INSTITUTIONS ELIGIBLE TO BE REGULAR MEMBERS SHALL BE CONSIDERED ASSOCIATE MEMBERS. (C) ALLIANCE MEMBER - THE BOARD OF DIRECTORS NAMES AS THE SOLE ALLIANCE MEMBER THE MORTGAGE ACTION ALLIANCE, INC., AN AFFILIATE ORGANIZATION THAT OPERATES TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE RESIDENTIAL AND COMMERCIAL REAL ESTATE FINANCE INDUSTRIES THROUGH GRASSROOTS ADVOCACY ACTIVITIES. (D) HONORARY MEMBERS - INDIVIDUALS WHO HAVE SERVED ALL OR PART OF TWO TERMS AS A MEMBER OF ONE OF THE BOARD OF GOVERNORS, OR WHO HAVE SERVED AS AN OFFICER FOR TWO YEARS, AND WHO HAVE RETIRED FROM ACTIVE BUSINESS SHALL BE CONSIDERED HONORARY MEMBERS. (E) STUDENT MEMBERS - INDIVIDUALS (I) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN A COMMUNITY OR OTHER TWO-YEAR COLLEGE OR OTHER POST-SECONDARY EDUCATIONAL INSTITUTION ("EDUCATIONAL INSTITUTION") AND ALSO VALIDLY ENROLLED IN THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION, OR (II) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN ANY EDUCATIONAL INSTITUTIONAL AFTER COMPLETING THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | UNDER THE ASSOCIATION'S BYLAWS, ONLY REGULAR MEMBERS AND THE ALLIANCE MEMBER MAY ELECT OFFICERS AND THE AT-LARGE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO MERGE INTO ANOTHER ASSOCIATION OR OTHER ENTITY, OR A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO ABSORB ANOTHER ASSOCIATION OR OTHER ENTITY, AND THE MERGER WOULD RESULT IN (I) A NAME CHANGE FOR THE ASSOCIATION, (II) THE CREATION OF A NEW MEMBERSHIP CLASS, (III) THE ELIMINATION OF A MEMBERSHIP CLASS, OR (IV) A SUBSTANTIAL CHANGE TO THE THEN CURRENT GOVERNANCE SYSTEM. IN ADDITION, REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN FOR CONSOLIDATION WHEREBY THE ASSOCIATION WOULD COMBINE WITH ONE OR MORE ASSOCIATIONS TO CREATE A NEW ASSOCIATION AND CEASE TO EXIST AS AN INDEPENDENT ENTITY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FIVE INDEPENDENT MEMBERS OF THE AUDIT COMMITTEE, WHICH IS A BOARD-LEVEL COMMITTEE, RECEIVED A COPY OF THE FORM 990 BEFORE ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IT IS MBA'S POLICY THAT NO COVERED PARTY PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY IF THE COVERED PARTY'S PARTICIPATION WOULD CREATE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. MBA'S CONFLICTS POLICY WILL BE CONTINOUSLY MONITORED BY THE BOARD OF DIRECTORS ON AN ONGOING BASIS FOR COMPLIANCE WITH THE POLICY AND REQUIRES ANNUAL DISCLOSURE TO THE MBA GENERAL COUNSEL AND SECRETARY OF "CONFLICTS OF INTEREST" DEFINED AS A SITUATION IN WHICH A COVERED PARTY WOULD PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY, IF SUCH INDIVIDUAL, OR SUCH INDIVIDUAL'S EMPLOYER, WOULD OBTAIN MORE THAN AN INSIGNIFICANT FINANCIAL BENEFIT, EITHER DIRECTLY OR INDIRECTLY. "COVERED PARTY" MEANS A MEMBER OF THE MBA BOARD OF DIRECTORS OR A MEMBER OF THE BOARD COMMITTEE OR BOARD TASK FORCE THAT MAY BOTH (I) RECOMMEND ENTERING INTO CONTRACTS AND (II) PLAY A ROLE IN VENDOR REVIEW AND SELECTION. MOREOVER, COVERED PARTIES ARE SUPPOSED TO UPDATE THEIR DISCLOSURES AS CIRCUMSTANCES WARRANT AND PROVIDE THEM TO THE MBA GENERAL COUNSEL AND SECRETARY. THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OF THE MBA BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR BEHAVIOR IN CONFLICT WITH THIS POLICY HAS OCCURRED, AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY) AND ITS DECISION WILL BE FINAL, EXCEPT AS FOLLOWS. THE EXECUTIVE COMMITTEE SHALL INFORM THE FULL BOARD OF DIRECTORS OF ANY DISAGREEMENT BETWEEN THE EXECUTIVE COMMITTEE AND THE DISCLOSING DIRECTOR AS TO ITS DETERMINATION THAT A CONFLICT OF INTEREST, OR BEHAVIOR IN CONFLICT OF THE POLICY, EXISTS AND ANY RECOMMENDED ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE THE EXECUTIVE COMMITTEE'S DETERMINATIONS IN THIS CONTEXT. THE CONFLICTS OF INTEREST POLICY ALSO ADDRESSES CONFIDENTIALITY. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR PRESIDENT AND CEO 1. REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE, ON BEHALF OF THE BOARD, WILL REVIEW AND APPROVE THE COMPENSATION OF MBA'S CHIEF EMPLOYED EXECUTIVE, THE PRESIDENT, PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE PRESIDENT USING AS REFERENCES POINTS: (I) COMPENSATION OF ANY PREDECESSOR PRESIDENT, AND (II) READILY AVAILABLE PUBLIC DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (FORMAL BENCHMARKING STUDIES BY OUTSIDE COMPENSATION CONSULTANTS NEED NOT BE COMMISSIONED ANNUALLY BUT MAY BE SOUGHT PERIODICALLY). 3. ASSESSMENT OR PERFORMANCE. THE COMPENSATION COMMITTEE WILL TAKE INTO ACCOUNT: (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD, (II) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD, AND (III) SUCH OTHER CONSIDERATIONS AS MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS. PROCESS FOR SPECIFIED KEY EMPLOYEES 1. REVIEW AND APPROVAL. THE PRESIDENT WILL SUBMIT RECOMMENDATIONS TO THE COMPENSATION COMMITTEE FOR REVIEW AND APPROVAL OF THE TOTAL COMPENSATION OF THE FOLLOWING SPECIFIED KEY EMPLOYEES, AS DEFINED IN THE INTERNAL REVENUE SERVICE'S FORM 990 INSTRUCTIONS: -- THE CHIEF FINANCIAL OFFICER -- THE SECRETARY, AS APPROVED BY THE BOARD OF DIRECTORS -- ALL SENIOR VICE PRESIDENTS PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE SPECIFIED KEY EMPLOYEES, BASED ON THE RECOMMENDATIONS OF THE PRESIDENT, WHO WIL USE AS REFERENCES POINTS: (I)READILY AVAILABLE PUBLIC OR OTHER DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (MBA NEED NOT OBTAIN FORMAL BENCHMARKING STUDIES FROM OUTSIDE COMPENSATION CONSULTANTS ANNUALLY BUT THESE MAY BE SOUGHT PERIODICALLY); AND (II) THE SALARY AND LENGTH OF SERVICE OF THE PREVIOUS INCUMBENT. 3. ASSESSMENT OF PERFORMANCE. THE COMPENSATION COMMITTEE WILL REVIEW OF SPECIFIED KEY EMPLOYEES THE PRESIDENT'S ASSESSMENT OF -- (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (II) THE LEVEL OF ATTAINMENT OF A SPECIFIED KEY EMPLOYEE'S INDIVIDUAL GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (III) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD; AND (IV) OTHER, DOCUMENTED CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS. PROCESS FOR REMAINING EMPLOYEES 1. THE PRESIDENT IS AUTHORIZED AND DIRECTED TO: (A) IMPLEMENT MBA'S PRESENT EMPLOYEE POSITION CLASSIFICATION SYSTEM THAT IDENTIFIES FUNCTIONALLY COMPARABLE POSITIONS ACROSS GROUPS, AND (B) ADMINISTER A COMPENSATION PLAN BASED ON: (I) SUCH CLASSIFICATION SYSTEM, (II) REASONABLY AVAILABLE CURRENT COMPENSATION DATA FROM SIMILARLY SITUATED ASSOCIATIONS, (III) MBA'S GOALS AND OBJECTIVES, AND (IV) SUCH OTHER CRITERIA OR CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 2. THE PRESIDENT IS FURTHER AUTHORIZED TO REVISIT THE EMPLOYEE CLASSIFICATION SYSTEM AS WELL AS TO ENGAGE COMPENSATION CONSULTANTS, FROM TIME TO TIME, TO HELP ASSURE THAT THE EMPLOYEE CLASSIFICATION SYSTEM AND THE COMPENSATION DATA AND PLAN REMAIN RELEVANT TO THE ACHIEVEMENT OF MBA'S OVERALL GOALS AND OBJECTIVES. 3. UNDER EXCEPTIONAL CIRCUMSTANCES THAT MUST BE DOCUMENTED AND REPORTED TO THE COMPENSATION COMMITTEE, THE PRESIDENT IS AUTHORIZED TO OFFER SIGNING OR RETENTION BONUSES AND OTHER FORMS OF COMPENSATION TO EMPLOYEES IN ORDER TO HELP ASSURE THE SMOOTH OPERATION OF MBA AND/OR THE ACHIEVEMENT OF SIGNIFICANT MBA GOALS AND OBJECTIVES. |
| FORM 990, PART VI, SECTION C, LINE 19 | CHARTER, BYLAWS AND CONFLICTS OF INTEREST POLICY ARE PROVIDED UPON REQUEST. FINANCIAL INFORMATION IS PROVIDED THROUGH THE FORM 990 UPON REQUEST. FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS AND ARE NOT MADE AVAILABLE PUBLICLY. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| 1331 L STREET LLC | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 331210397 | HELD MBA HEADQUARTERS OFFICE BUILDING | DE | $0 | $0 | MORTGAGE BANKERS ASSOCIATION |
| MBA FIRST LLC | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | PROVIDES SVCS TO ORGANIZATIONS IN THE REAL ESTATE FINANCE INDUSTRY | DC | $0 | $0 | MORTGAGE BANKERS ASSOCIATION | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MBA OPENS DOORS FOUNDATION | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 320355086 | RENTAL & MORTGAGE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL CHILDREN | DE | 501(C)(3) | LINE 7 | MORTGAGE BANKERS ASSOCIATION | Yes (1) |
| MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 526144335 | POLITICAL ACTION COMMITTEE | DC | 527 | MORTGAGE BANKERS ASSOCIATION | Yes (1) | |
| MORTGAGE ACTION ALLIANCE INC | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 271893100 | SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY | DE | 501(C)(6) | MORTGAGE BANKERS ASSOCIATION | Yes (1) | |
| MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 510502943 | DEVELOPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS | DE | 501(C)(6) | MORTGAGE BANKERS ASSOCIATION | Yes (1) | |
| RESEARCH INSTITUTE FOR HOUSING AMERICA | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 366109824 | FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE | IL | 501(C)(3) | LINE 12A TYPE I | MORTGAGE BANKERS ASSOCIATION | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MISMO INC - CONTRACTUAL FEE | ||
| L | $863,125 | CASH-BOOK VALUE |
| MBA OPENS DOORS FOUNDATION-SHARING OF EMPLOYEES | ||
| O | $570,086 | CASH-BOOK VALUE |
| MISMO INC - REIMBURSEMENT FOR CREDIT CARD RECEIPTS | ||
| P | $400,456 | CASH-BOOK VALUE |
| MISMO INC - ACTUAL EXPENDITURES | ||
| Q | $378,224 | CASH-BOOK VALUE |
| MBA OPENS DOORS FOUNDATION-REIMBURSEMENT OF EXPENDITURES | ||
| Q | $103,838 | CASH-BOOK VALUE |
| RIHA - GRANT TO MBA'S PATH TO DIVERSITY SCHOLARSHIP | ||
| S | $100,000 | CASH-BOOK VALUE |
Comments