2021-08-11T12:29:34-05:00 2020-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2019-10-01 361505650 MORTGAGE BANKERS ASSOCIATION MORT 2025572700 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 LISA J HAYNES CFO 2025572700 2021-08-10 1 MICHAELA J CROMAR CPA P00895728 5712279500 2021-08-10 2019 2022-09-23 18:48:47Z ROBERT D BROEKSMIT 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 99339890 0 X WWW.MBA.ORG X 1914 IL MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY. 36 36 174 2000 807772 0 12117 589111 60207385 51028689 2390837 4012060 21336014 5844504 83946353 61474364 2488097 385183 0 0 30106997 31591847 0 0 0 22339611 18967306 54934705 50944336 29011648 10530028 127064646 132210021 34494053 28149665 92570593 104060356 X 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 0 0 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. 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. 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. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 165 0 1 174 1 1 1 0 0 0 1 1 0 0 0 X 36 36 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LISA J HAYNES 2025572835 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 ROBERT D BROEKSMIT PRESIDENT & CEO 34.70 0.30 X 1475414 0 320217 MARCIA M DAVIES CHIEF OPERATING OFFICER 34.70 0.30 X 1103039 0 34320 GORDON R MILLS SVP, RES. POLICY & MEMBER ENGAGEMT. 35.00 X 634883 0 38972 WILLIAM P KILLMER SVP, LEGISLATIVE & POL. AFFAIRS 35.00 X 593964 0 34841 MICHAEL C FRATANTONI CHIEF ECON. & SVP RES. & IND. TECH. 32.00 3.00 X 431311 0 36472 PETER J GRACE CIO AND SVP, STRATEGY & MEMBER SERV. 35.00 X 428519 0 36742 STEPHEN O'CONNOR SVP, AFFORDABLE HOUSING INITIATIVES 35.00 X 424469 0 38972 HELEN R KANOVSKY SVP & GENERAL COUNSEL (UNTIL 4/3/20) 32.70 2.30 X 375853 0 17334 LISA J HAYNES SVP, CFO & CHIEF DIV. & INCL. OFFI. 32.70 2.30 X 371571 0 33009 THOMAS K KIM SVP, CREF POLICY (UNTIL 10/15/19) 35.00 X 320386 0 35334 ELAINE HOWARD HARRINGTON VP, CONFERENCES 35.00 X 318213 0 37556 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE RESEARCH 35.00 X 307292 0 30466 JOHN MECHEM VP, PUBLIC AFFAIRS 35.00 X 304312 0 34720 TRICIA MIGLIAZZO VP, MEMBERSHIP ENGAGEMENT 35.00 X 294234 0 8663 KATHRYN MARQUART VP, COMMERCIAL/MULTI FAMILY 35.00 X 284203 0 31218 BRIAN F STOFFERS CHAIRMAN 4.00 X X 8972 0 0 MICHAEL W BRIGGS SVP & GENERAL COUNSEL (FROM 6/1/20) 32.70 2.30 X 0 0 0 SUSAN T STEWART CHAIRMAN-ELECT 7.00 X X 0 0 0 KRISTY FERCHO VICE-CHAIRMAN 4.00 X X 0 0 0 CHRISTOPHER M GEORGE IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 ROBERT D BROEKSMIT EX-OFFICIO 0.50 X 0 0 0 SCOTT BASSIN BOARD MEMBER 0.50 X 0 0 0 BYRON L BOSTON BOARD MEMBER 0.50 X 0 0 0 TODD CHAMBERLAIN BOARD MEMBER 0.50 X 0 0 0 GARY D CLARK BOARD MEMBER 0.50 X 0 0 0 JONATHAN M CORR BOARD MEMBER 0.50 X 0 0 0 MICHAEL J DEVITO BOARD MEMBER 0.50 X 0 0 0 WILLIAM C EMERSON BOARD MEMBER 0.50 X 0 0 0 LAURA ESCOBAR BOARD MEMBER 0.50 X 0 0 0 MATTHEW E GALLIGAN BOARD MEMBER 0.50 X 0 0 0 JOHN M HEDLUND BOARD MEMBER 0.50 X 0 0 0 MARK A JONES BOARD MEMBER 0.50 X 0 0 0 CHRISTOPHER LABIANCA BOARD MEMBER 0.50 X 0 0 0 WILLIAM LOWMAN BOARD MEMBER 0.50 X 0 0 0 ANGELA MAGO BOARD MEMBER 0.50 X 0 0 0 FRANK D MARTELL BOARD MEMBER 0.50 X 0 0 0 MARY ANN MCGARRY BOARD MEMBER 0.50 X 0 0 0 STANLEY C MIDDLEMAN BOARD MEMBER 0.50 X 0 0 0 PETER R NORDEN BOARD MEMBER 0.50 X 0 0 0 GARY N OTTEN BOARD MEMBER 0.50 X 0 0 0 EDUARDO PEREZ BOARD MEMBER 0.50 X 0 0 0 KURT PFOTENHAUER BOARD MEMBER 0.50 X 0 0 0 JAY PLUM BOARD MEMBER 0.50 X 0 0 0 T ANTHONY PREMER BOARD MEMBER 0.50 X 0 0 0 CHRISTINE C RHEA BOARD MEMBER 0.50 X 0 0 0 ANDREW RIPPERT BOARD MEMBER 0.50 X 0 0 0 ERIN STAFFORD BOARD MEMBER 0.50 X 0 0 0 DEBRA W STILL BOARD MEMBER 0.50 X 0 0 0 JEFFREY C TAYLOR BOARD MEMBER 0.50 X 0 0 0 RICHARD G THORNBERRY BOARD MEMBER 0.50 X 0 0 0 WILLIAM M WALKER BOARD MEMBER 0.50 X 0 0 0 FOWLER C WILLIAMS BOARD MEMBER 0.50 X 0 0 0 7676635 0 768836 92 0 1 0 STRATMOR GROUP LLC PO BOX 19436 BOULDER CO 80308 DATA DRIVEN MORTGAGE ADVISORY 387021 HIGHER LOGIC 1919 N LYNN ST SUITE 500 ARLINGTON VA 22209 SOFTWARE DEVELOPMENT 257574 PROMONTORY FINANCIAL GROUP LLC 801 17TH ST NW SUITE 1100 WASHINGTON DC 20006 FINANCIAL SERVICES 155000 HOLLAND & KNIGHT PO BOX 864084 ORLANDO FL 32886 LEGISLATIVE & ADVOCACY CONSULTING 150000 REPUBLIC CONSULTING 8828 CRICK ALY ORLANDO FL 32827 LOBBYING & BUSINESS DEVELOPMENT 150000 12 589111 589111 MEMBERSHIP DUES 900099 23241569 23241569 CONFERENCES AND PROGRAMS 900099 19320267 19320267 EDUCATION AND PROGRAMS 900099 4415153 4415153 PERIODICALS AND PUBLICATIONS 541800 1694257 937485 756772 PRODUCT FEES 900099 1053000 1053000 1304443 1253443 51000 51028689 2640407 2640407 536494 536494 39237179 37865526 1371653 1371653 1371653 MERS RESERVE 900099 5255259 5255259 OTHER REVENUE 900099 52751 52751 5308010 61474364 50220917 807772 9856564 385183 6557408 18958433 1081886 3529908 1464212 98893 10971 615762 291394 1696024 416172 2606655 2016480 125176 1566607 876455 5758522 706626 313628 CREDIT CARD FEES 747371 STAFF & PROC. TRAINING 666763 COMMISSIONS 109191 344616 50944336 42740408 37985856 276316 597258 2857662 1790281 9747280 4932415 3543109 4814865 76509207 86060835 1137944 960926 127064646 132210021 5030213 5566885 24918498 18321914 4545342 4260866 34494053 28149665 X 92501770 103967346 68823 93010 92570593 104060356 127064646 132210021 10530028 959735 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED MORTGAGE BANKERS ASSOCIATION PAC 1919 M STREET NW 5TH FLR WASHINGTON DC 20036 526144335 1425597 0 0 1 23241569 2474663 413211 2887874 2324157 563717 PART I-A LINE 1 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) 3012043 1594470 1417573 6012970 2956560 3056410 722267 381385 340882 4814865 DEFERRED RENT AND LEASE INCENTIVE 2655146 DUE TO AFFILIATES 1605720 4260866 62142705 959735 959735 61182970 291394 291394 61474364 50652942 0 50652942 291394 291394 50944336 0 NAACP LEGAL DEFENSE & EDUCATIONAL FUND INC 40 RECTOR ST FL 5 NEW YORK NY 10006 131655255 501C3 50000 UNRESTRICTED OPERATING SUPPORT THE CMG FOUNDATION 3160 CROW CANYON RD SAN ROMAN CA 94583 455058060 501C3 45000 UNRESTRICTED OPERATING SUPPORT HOMEFREE-USA INC 6200 BALTIMORE AVE RIVERDALE MD 20737 521885132 C-CORP 30000 SPONSORSHIP UNITED STATES CONFERENCE OF MAYORS PO BOX 826902 PHILADELPHIA PA 19182 530196642 501C3 25000 SPONSORSHIP/DONATION NATIONAL ASSOCIATION OF REAL ESTATE BROKERS 9831 GREENBELT RD STE 309 LANHAM MD 20706 366125210 501C6 20000 DIVERSITY ALLIANCE PARTNERSHIP DONATION NATIONAL URBAN LEAGUE 80 PINE STREET 9TH FLOOR NEW YORK NY 10005 131840489 501C3 20000 CONTRIBUTION & SPONSORSHIP MBA OPENS DOORS FOUNDATION 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 320355086 501C3 17858 MBA STAFF MATCHING GIFT/DONATION CHILDREN'S NATIONAL HOSPITAL FOUNDATION 801 ROEDER ROAD SUITE 300 SILVER SPRING MD 20910 521640402 501C3 17500 SPONSORSHIP/DONATION NATIONAL ASSOCIATION OF MINORITY MORTGAGE BANKERS OF AMERICA IN PO BOX 7246 ATLANTA GA 30357 814649521 501C6 15000 SPONSROSHIP/PARTNERSHIP LENDERS ONE 12747 OLIVE BLVD STE 300 ST LOUISE MO 63141 431916565 C-CORP 12500 SPONSORSHIP NATIONAL HOUSING CONFERENCE INC 1900 M ST NW SUITE 200 WASHINGTON DC 20035 530208180 501C3 10000 MEMBERSHIP & SPONSORSHIP HOMEOWNERSHIP COUNCIL OF AMERICA 1611 E 4TH ST STE 100-B SANTA ANA CA 92701 870798977 501C3 10000 SPONSORSHIP/GENERAL SUPPORT INNOVATE MEMPHIS 516 TENNESSEE ST STE 223 MEMPHIS TN 38103 453699291 501C3 10000 SPONSORSHIP MOUNT VERNON LADIES ASSOCIATION 1250 I ST NW STE 400 WASHINGTON DC 20005 540564701 501C3 10000 SPONSORSHIP NF FORWARD 1074 WOODWARD AVE DETRIOT MI 48226 821672519 501C3 7500 SPONSORSHIP WOMEN'S CENTER 133 PARK ST NE VIENNA VA 22180 237423496 501C3 7500 SUPPORT ALZHEIMERS ASSOCIATION 25200 TELEGRAPH RD STE 100 SOUTHFIELD MI 48033 133039601 501C3 5000 UNRESTRICTED OPERATING SUPPORT CAMP REHOBOTH 37 BALTIMORE AVENUE REHOBOTH BEACH DE 19971 510331962 501C3 5000 UNRESTRICTED OPERATING SUPPORT GEORGETOWN UNIVERSITYPEDIATRICS GALA 4200 WISCONSIN AVE SUITE 200 WASHINGTON DC 20016 530196603 501C3 5000 GALA SPONSORSHIP/DONATION SOME INC 71 O STREET NW WASHINGTON DC 20001 237098123 501C3 5000 SOME GALA DONATION NATIONAL FAIR HOUSING ALLIANCE 1101 VERMONT AVE NW SUITE 710 WASHINGTON DC 20005 521676364 501C3 5000 SPONSORSHIP NATIONAL ASSOCIATION OF NEIGHBORHOODS 1300 PENNSYLVANIA AVE NW STE 700 WASHINGTON DC 20004 237148216 501C3 5000 UNRESTRICTED OPERATING SUPPORT UNITED HOUSING INC 2750 COLONY PARK DR MEMPHIS TN 38118 621597364 501C3 5000 SPONSORSHIP/GENERAL SUPPORT 19 4 X X X X 1 1 X X X X 0 0 0 ROBERT D BROEKSMIT PRESIDENT & CEO 901428 0 566667 0 7319 0 300275 0 19942 0 1795631 0 0 0 MARCIA M DAVIES CHIEF OPERATING OFFICER 622664 0 476674 0 3701 0 16800 0 17520 0 1137359 0 0 0 GORDON R MILLS SVP, RES. POLICY & MEMBER ENGAGEMT. 531182 0 100000 0 3701 0 16800 0 22172 0 673855 0 0 0 WILLIAM P KILLMER SVP, LEGISLATIVE & POL. AFFAIRS 516552 0 75000 0 2412 0 16800 0 18041 0 628805 0 0 0 MICHAEL C FRATANTONI CHIEF ECON. & SVP RES. & IND. TECH. 370470 0 60000 0 841 0 16800 0 19672 0 467783 0 0 0 PETER J GRACE CIO AND SVP, STRATEGY & MEMBER SERV. 367678 0 60000 0 841 0 16800 0 19942 0 465261 0 0 0 STEPHEN O'CONNOR SVP, AFFORDABLE HOUSING INITIATIVES 366057 0 56000 0 2412 0 16800 0 22172 0 463441 0 0 0 HELEN R KANOVSKY SVP & GENERAL COUNSEL (UNTIL 4/3/20) 343731 0 25000 0 7122 0 16800 0 534 0 393187 0 0 0 LISA J HAYNES SVP, CFO & CHIEF DIV. & INCL. OFFI. 320281 0 50000 0 1290 0 16800 0 16209 0 404580 0 0 0 THOMAS K KIM SVP, CREF POLICY (UNTIL 10/15/19) 277893 0 25000 0 17493 0 16800 0 18534 0 355720 0 0 0 ELAINE HOWARD HARRINGTON VP, CONFERENCES 270801 0 45000 0 2412 0 16500 0 21056 0 355769 0 0 0 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE RESEARCH 266402 0 39600 0 1290 0 16206 0 14260 0 337758 0 0 0 JOHN MECHEM VP, PUBLIC AFFAIRS 266840 0 36600 0 872 0 16200 0 18520 0 339032 0 0 0 TRICIA MIGLIAZZO VP, MEMBERSHIP ENGAGEMENT 180350 0 113176 0 708 0 8663 0 0 0 302897 0 0 0 KATHRYN MARQUART VP, COMMERCIAL/MULTI FAMILY 248714 0 32000 0 3489 0 16169 0 15049 0 315421 0 0 0 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. 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 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 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 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 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 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 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 MISMO INC - CONTRACTUAL FEE L 863125 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION-SHARING OF EMPLOYEES O 570086 CASH-BOOK VALUE MISMO INC - REIMBURSEMENT FOR CREDIT CARD RECEIPTS P 400456 CASH-BOOK VALUE MISMO INC - ACTUAL EXPENDITURES Q 378224 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION-REIMBURSEMENT OF EXPENDITURES Q 103838 CASH-BOOK VALUE RIHA - GRANT TO MBA'S PATH TO DIVERSITY SCHOLARSHIP S 100000 CASH-BOOK VALUE