2020-08-07T07:19:26-05:00 2019-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-10-01 361505650 MORTGAGE BANKERS ASSOCIATION MORT 2025572700 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 LISA J HAYNES CFO 2025572700 2020-08-06 1 DREW SMITH P00635175 5712279500 2020-08-06 72.83.4.166 2020-08-06 07:05:38 ED P CB6B290C6942481B0FCA2AD70F62C9B967E77707 87826B80F82B7742AC94E6ED7EC5993094E974B0 2018 2020-09-23 17:36:50Z ROBERT D BROEKSMIT 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 98030889 0 X WWW.MBA.ORG X 1914 IL MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY. 36 36 168 2000 923972 0 100000 12117 62580076 60207385 1707102 2390837 689376 21336014 65076554 83946353 253515 2488097 0 0 32788834 30106997 0 0 0 21344849 22339611 54387198 54934705 10689356 29011648 101788531 127064646 34038976 34494053 67749555 92570593 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 2019 (FY2019), ENDING SEPTEMBER 30, 2019, SAW MORE THAN 16,874 INDIVIDUAL ATTENDEES AT 19 CONFERENCES AND MEETINGS THAT PROVIDED ATTENDEES WITH TIMELY INFORMATION ABOUT THE ECONOMY, BUSINESS TRENDS, TECHNOLOGICAL INNOVATION AND LEGISLATIVE AND REGULATORY CHANGES AND PROSPECTS. MBA CONDUCTED A SUCCESSFUL ANNUAL CONVENTION IN OCTOBER 2018 IN WASHINGTON DC WITH 4252 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2019 IN SAN DIEGO WITH 3273 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS WITH 462 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES.IN ADDITION TO THE LARGE ANNUAL CONVENTION EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS 4 ADDITIONAL LARGE CONFERENCES AND EXPOS EACH YEAR AS WELL AS 15 MORE FINELY FOCUSED SPECIAL INTEREST CONFERENCES. THE FIVE LARGE GATHERINGS ARE THE ANNUAL CONVENTION & EXPO, COMMERCIAL REAL ESTATE FINANCE/MULTIFAMILY HOUSING CONVENTION & EXPO, NATIONAL MORTGAGE SERVICING CONFERENCE & EXPO, TECHNOLOGY SOLUTIONS CONFERENCE & EXPO AND NATIONAL SECONDARY MARKET CONFERENCE & EXPO. SPECIALIZED PROGRAMS HELP PARTICIPANTS GAIN KNOWLEDGE AND INFORMATION IN SUCH AREAS AS LEGAL ISSUES AND REGULATORY COMPLIANCE, COMMERCIAL SERVICING, RISK MANAGEMENT, AND ACCOUNTING AND FINANCIAL MANAGEMENT. EACH OF THESE PROGRAMS HAD STRONG ATTENDANCE AND IS AN IMPORTANT PART OF THE MEMBERSHIP VALUE PROPOSITION FOR MEMBER COMPANIES. SEVERAL PROGRAMS QUALIFY IN WHOLE OR IN PART FOR 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 2019, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING PROPOSALS FOR BOTH ADMINISTRATIVE AND LEGISLATIVE GSE REFORM, PATHWAYS TO AFFORDABLE HOMEOWNERSHIP, AND OTHER REGULATORY AND SUPERVISORY ISSUES. OUR LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY ON CAPITOL HILL BEFORE THE HOUSE FINANCIAL SERVICES AND SENATE BANKING COMMITTEES, SUPPORT FOR THE ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY), INCLUDING FUNDING FOR CRITICAL HUD INFORMATION TECHNOLOGY INFRASTRUCTURE, VA HOME LOAN PROGRAM TECHNICAL CORRECTIONS, AND TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION, 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. 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 2019 SUPPORTED OUR MEMBERS' INTERESTS BY FURTHERING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE COMMERCIAL REAL ESTATE FINANCE MARKET. MBA SHARED INFORMATION AND RECOMMENDATIONS WITH THE PUBLIC AND POLICY MAKERS ON A VARIETY OF POLICY ISSUES AFFECTING THE COMMERCIAL/MULTIFAMILY FINANCE INDUSTRY, INCLUDING: TAX REFORM IMPLEMENTATION; BANK CAPITAL STANDARDS; LIFE COMPANY RISK-BASED CAPITAL STANDARDS, HOME MORTGAGE DISCLOSURE ACT REPORTING REQUIREMENTS FOR MULTIFAMILY MORTGAGES; THE IMPLICATIONS OF HOUSING FINANCE REFORM ON MULTIFAMILY FINANCE; FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE, FLOOD AND TERRORISM RISK INSURANCE, 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 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. EDUCATIONMBA EDUCATION PROVIDED TRAINING TO OVER 12,000 REAL ESTATE FINANCE PROFESSIONALS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2019. THE TRAINING TO THESE INDIVIDUALS WAS DELIVERED THROUGH A MIX OF OVER 400 OFFERINGS. STUDENTS ACCESSED TRAINING THROUGH A MIX OF CLASSROOM COURSES AND WORKSHOPS, WEBINARS AND WEBINAR RECORDINGS, RESOURCE GUIDES, CERTIFICATION AND DESIGNATION PROGRAMS, INSTRUCTOR-GUIDED ONLINE COURSES, AND WEB-BASED SELF-STUDY COURSES. THE COURSES COVER BOTH THE SINGLE FAMILY/RESIDENTIAL AND COMMERCIAL/MULTIFAMILY INDUSTRIES, WITH CONTENT RANGING FROM INTRODUCTORY TO ADVANCED CONCEPTS IN REAL ESTATE FINANCE, LEADERSHIP AND MANAGEMENT, AND TECHNOLOGY AND COMPLIANCE. THE FLAGSHIP OFFERING IS MBA'S SCHOOL OF MORTGAGE BANKING (SOMB), WHICH IN FISCAL YEAR 2019 SAW THE ADDITION OF THE NEW SCHOOL OF MULTIFAMILY MORTGAGE BANKING. THE NEW CLASSROOM OFFERING IS THREE DAYS IN LENGTH AND CONTINUES THE DEPARTMENT'S GROWTH IN COMMERCIAL/MULTIFAMILY OFFERINGS. OVER 1,300 INDIVIDUALS WERE TRAINED THROUGH 43 SOMB OFFERINGS DURING THE FISCAL YEAR. THE FLAGSHIP CERTIFICATION AND DESIGNATION PROGRAM FOR THE INDUSTRY IS THE CERTIFIED MORTGAGE BANKER (CMB). FORTY-FOUR INDUSTRY PROFESSIONALS ACHIEVED THEIR CMB DURING THE FISCAL YEAR. MEMBERSHIP MBA'S MEMBERSHIP INCLUDES BUSINESSES FROM ALL SEGMENTS OF THE REAL ESTATE FINANCE INDUSTRY. WE ENDED 2019 WITH 2,205 TOTAL MEMBERS, WHICH INCLUDES 334 NEW MEMBERS AND REFLECTS AN 82 PERCENT RETENTION RATE FOR EXISTING MEMBERS. TOTAL MEMBERSHIP DUES FOR 2019 BROUGHT IN $22.9 MILLION IN REVENUE FOR THE ASSOCIATION. 0 0 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 1 0 1 148 0 1 168 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 CHRISTOPHER M GEORGE CHAIRMAN 4.00 0.00 X X 0 0 0 BRIAN F STOFFERS CHAIRMAN-ELECT 7.00 0.00 X X 2387 0 0 SUSAN T STEWART VICE-CHAIRMAN 4.00 0.00 X X 0 0 0 J DAVID MOTLEY IMMEDIATE PAST CHAIRMAN 1.00 0.00 X X 2811 0 0 D STEVE BOLAND BOARD MEMBER 0.50 0.00 X 0 0 0 BYRON L BOSTON BOARD MEMBER 0.50 0.00 X 0 0 0 TODD CHAMBERLAIN BOARD MEMBER 0.50 0.00 X 0 0 0 GARY D CLARK BOARD MEMBER 0.50 0.00 X 0 0 0 JONATHAN M CORR BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM M COSGROVE BOARD MEMBER 0.50 0.00 X 0 0 0 PHILIP DEFRONZO BOARD MEMBER 0.50 0.00 X 0 0 0 THOMAS S DENNARD BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL J DEVITO BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM C EMERSON BOARD MEMBER 0.50 0.00 X 0 0 0 KRISTY FERCHO BOARD MEMBER 0.50 0.00 X 0 0 0 MATTHEW E GALLIGAN BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL HEAGERTY BOARD MEMBER 0.50 0.00 X 0 0 0 MARK A JONES BOARD MEMBER 0.50 0.00 X 0 0 0 CHRISTOPHER LABIANCA BOARD MEMBER 0.50 0.00 X 0 0 0 ANGELA MAGO BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL C MAY BOARD MEMBER 0.50 0.00 X 0 0 0 FRANK D MARTELL BOARD MEMBER 0.50 0.00 X 0 0 0 STANLEY C MIDDLEMAN BOARD MEMBER 0.50 0.00 X 0 0 0 PETER R NORDEN BOARD MEMBER 0.50 0.00 X 0 0 0 EDUARDO PEREZ BOARD MEMBER 0.50 0.00 X 0 0 0 JULIE PIEPHO BOARD MEMBER 0.50 0.00 X 0 0 0 JAY PLUM BOARD MEMBER 0.50 0.00 X 0 0 0 T ANTHONY PREMER BOARD MEMBER 0.50 0.00 X 0 0 0 ANDREW RIPPERT BOARD MEMBER 0.50 0.00 X 0 0 0 DEBRA W STILL BOARD MEMBER 0.50 0.00 X 0 0 0 RICHARD G THORNBERRY BOARD MEMBER 0.50 0.00 X 0 0 0 JEFFREY C TAYLOR BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM M WALKER BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL WEINBACH BOARD MEMBER 0.50 0.00 X 0 0 0 FOWLER C WILLIAMS BOARD MEMBER 0.50 0.00 X 0 0 0 THOMAS L WIND BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID H STEVENS FORMER PRESIDENT & CEO 35.00 0.00 X 1864475 0 17871 ROBERT D BROEKSMIT PRESIDENT & CEO (BEG: 08/20/18) 34.70 0.30 X 434267 0 13337 HELEN R KANOVSKY SVP & GENERAL COUNSEL 32.70 2.30 X 389442 0 12750 LISA J HAYNES SVP, CFO AND CHIEF DIVERSITY & INCLUSION OFFICER 32.70 2.30 X 310937 0 16381 MARCIA M DAVIES CHIEF OPERATING OFFICER 34.70 0.30 X 1119204 0 319745 WILLIAM P KILLMER SVP, LEGISLATIVE & POLITICAL AFFAIRS 35.00 0.00 X 569350 0 47542 GORDON R MILLS SVP, RESIDENTIAL POLICY & MEMBER SERVICES 35.00 0.00 X 575408 0 44081 STEPHEN O'CONNOR SVP, PUBLIC POLICY & INDUSTRY RELATIONS 35.00 0.00 X 413590 0 47042 THOMAS K KIM SVP, CREF POLICY 34.70 0.30 X 392487 0 49542 MICHAEL C FRATANTONI CHIEF ECONOMIST & SVP OF RESEARCH & INDUSTRY TECHN 32.00 3.00 X 386873 0 39167 PETER GRACE CIO AND SVP, STRATEGY AND MEMBER SERVICES 35.00 0.00 X 393581 0 43012 ELAINE HOWARD HARRINGTON VP, CONFERENCES 35.00 0.00 X 318213 0 49692 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE RESEARCH 35.00 0.00 X 307292 0 37264 JOHN MECHEM VP, PUBLIC AFFAIRS 35.00 0.00 X 304312 0 42712 TRICIA MIGLIAZZO VP, MEMBERSHIP ENGAGEMENT 35.00 0.00 X 294234 0 8663 KATHRYN MARQUART VP, COMMERCIAL/MULTI FAMILY 35.00 0.00 X 284203 0 36306 8363066 0 825107 94 0 1 0 STRATMOR GROUP LLC PO BOX 19436 BOULDER CO 80308 DATA DRIVEN MORTGAGE ADVISORY 475399 HOLLAND & KNIGHT PO BOX 864084 ORLANDO FL 32886 LEGISLATIVE & ADVOCACY CONSULTING 150000 BUCKLEY SANDLER LLP 2001 M STREET NW SUITE 500 WASHINGTON DC 20036 FIN. SERV., GOVT ENFORCEMENT, AND LITIGA 121188 PORTERFIELD FETTIG & SEARS LLC 400 NORTH CAPITOL ST NW SUITE 363 WASHINGTON DC 20001 GOVT RELATIONS & PUBLIC AFFAIRS 120000 MALLOY ASSOCIATES LLC 516 FONTAINE ST ALEXANDRIA VA 22302 BUSINESS CONSULTING 105664 11 12117 12117 CONFERENCES AND PROGRAMS 900099 27946301 27946301 MEMBERSHIP DUES 900099 22866320 22866320 EDUCATION AND PROGRAMS 900099 5243036 5243036 PERIODICALS AND PUBLICATIONS 541800 1656713 732741 923972 PRODUCT FEES 900099 934000 934000 1561015 1561015 60207385 2612351 2612351 526194 526194 13863022 14084536 -221514 -221514 -221514 GAIN ON CONTINGENCY - MERS 900099 20784412 20784412 OTHER REVENUE 900099 25408 25408 20809820 83946353 59308821 923972 23701443 2488097 7223107 17840339 1833898 1860467 1349186 78940 72982 630015 291996 2068632 219652 1417317 1465930 107427 1524026 1513433 5927341 494317 327106 EQUIPMENT AND ROOM RENT 2558836 PRINTING AND PRODUCTION 1238540 STAFF PROCUREMENT AND T 871663 CREDIT CARD FEES 800972 730486 54934705 34659900 42740408 509299 276316 3415099 2857662 7768897 4225788 2873099 3543109 58970209 76509207 1360925 1137944 101788531 127064646 4962728 5030213 25665563 24918498 3410685 4545342 34038976 34494053 X 67656215 92501770 93340 68823 67749555 92570593 101788531 127064646 X 29011648 251397 -4442007 X X 0 1 X 1 0 MORTGAGE BANKERS ASSOCIATION PAC 1919 M STREET NW 5TH FLR WASHINGTON DC 20036 526144335 1146550 0 0 1 22866320 3150281 1378868 4529149 4115938 413211 PART I-A LINE 1 MBA'S POLITICAL ACTIVITY FOR THE YEAR ENDED 9/30/19 CONSISTED OF ACTIVITIES CONDUCTED SOLELY THROUGH ITS CONNECTED PAC, THE MORTGAGE BANKERS ASSOCIATION PAC (MORPAC) 2796917 1353074 1443843 2844351 2545278 299073 2127629 327436 1800193 3543109 DEFERRED RENT AND LEASE INCENTIVE 3035818 DUE TO AFFILIATES 1509524 4545342 83905754 251397 251397 83654357 291996 291996 83946353 59084716 4442007 4442007 54642709 291996 291996 54934705 PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 4,442,007. 0 A WIDER CIRCLE 4808 MOORLAND LANE SUITE 802 BETHESDA MD 20814 522345144 501C3 10000 SPONSORSHIP JDRF CAPITAL CHAPTER 200 VESEY STREET FL 28 NEW YORK NY 10281 231907729 501C3 5000 CONTRIBUTION AMERICAN DIABETES ASSOCIATION-CONVIO 2451 CRYSTAL DRIVE SUITE 900 ARLINGTON VA 22202 131623888 501C3 5000 SPONSORSHIP USO OF PENNSYLVANIA AND SOUTHERN NEW JERSEY INC 2700 SOUTHAMPTON ROAD RM 228 PA NATIONAL GUARD ARMORY PHILADELPHIA PA 19154 231426011 501C3 5075 SPONSORSHIP NF FORWARD 1074 WOODWARD AVENUE DETROIT MI 48226 821672519 501C3 7500 SPONSORSHIP JOHN HOPKINS 3910 KESWICK ROAD SUITE N2100 BALTIMORE MD 21211 520595110 501C3 7500 DONATION WOMEN'S CENTER 133 PARK STREET NE VIENNA VA 22180 237423496 501C3 7500 SPONSORSHIP CHILDREN'S TUMOR FOUNDATION 120 WALL STREET 16TH FLOOR NEW YORK NY 10005 132298956 501C3 7500 DONATION WOLF TRAP FOUNDATION 1645 TRAP ROAD VIENNA VA 22182 237011544 501C3 10000 DONATION/SPONSORSHIP AMERICAN CANCER SOCIETY 8219 TOWN CENTER DRIVE NOTTINGHAM MD 21236 540515701 501C3 15000 DONATION CHILDREN'S NATIONAL MEDICAL CENTER 801 ROEDER ROAD SUITE 650 SILVER SPRING MD 20910 521640402 501C3 17500 SPONSORSHIP THE CMG FOUNDATION 3160 CROW CANYON ROAD SAN RAMON CA 94583 455058060 501C3 35000 SPONSORSHIP MBA OPENS DOORS FOUNDATION 1919 M STREET NW WASHINGTON DC 20036 320355086 501C3 62113 CONTRIBUTION MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC 1919 M STREET NW FL 5 WASHINGTON DC 20036 510502943 501C6 2000000 CONTRIBUTION 13 2 X X X X 1 1 X X X X 0 0 0 DAVID H STEVENS FORMER PRESIDENT & CEO 1082510 0 660000 0 121965 0 11600 0 6271 0 1882346 0 0 0 ROBERT D BROEKSMIT PRESIDENT & CEO (BEG: 08/20/18) 313805 0 120000 0 462 0 4248 0 9089 0 447604 0 0 0 HELEN R KANOVSKY SVP & GENERAL COUNSEL 332056 0 50000 0 7386 0 9087 0 3663 0 402192 0 0 0 LISA J HAYNES SVP, CFO AND CHIEF DIVERSITY & INCLU 281602 0 28000 0 1335 0 12152 0 4229 0 327318 0 0 0 MARCIA M DAVIES CHIEF OPERATING OFFICER 601720 0 514894 0 2590 0 294474 0 25271 0 1438949 0 0 0 WILLIAM P KILLMER SVP, LEGISLATIVE & POLITICAL AFFAIRS 501938 0 65000 0 2412 0 17000 0 30542 0 616892 0 0 0 GORDON R MILLS SVP, RESIDENTIAL POLICY & MEMBER SER 472996 0 100000 0 2412 0 16563 0 27518 0 619489 0 0 0 STEPHEN O'CONNOR SVP, PUBLIC POLICY & INDUSTRY RELATI 356678 0 54500 0 2412 0 16500 0 30542 0 460632 0 0 0 THOMAS K KIM SVP, CREF POLICY 339346 0 52300 0 841 0 16500 0 33042 0 442029 0 0 0 MICHAEL C FRATANTONI CHIEF ECONOMIST & SVP OF RESEARCH & 334532 0 51500 0 841 0 15679 0 23488 0 426040 0 0 0 PETER GRACE CIO AND SVP, STRATEGY AND MEMBER SER 356240 0 36500 0 841 0 16500 0 26512 0 436593 0 0 0 ELAINE HOWARD HARRINGTON VP, CONFERENCES 270801 0 45000 0 2412 0 16500 0 33192 0 367905 0 0 0 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE RESEARCH 266402 0 39600 0 1290 0 16206 0 21058 0 344556 0 0 0 JOHN MECHEM VP, PUBLIC AFFAIRS 266840 0 36600 0 872 0 16200 0 26512 0 347024 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 20137 0 320509 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 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 SOUGH 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. 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. 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. FORM 990, PART XI, LINE 9: PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -4,442,007. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. 1331 L STREET LLC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 331210397 HELD MBA HEADQUARTERS OFFICE BUILDING DE MBA FIRST LLC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 PROVIDES SVCS TO ORGANIZATIONS IN THE REAL ESTATE FINANCE INDUSTRY DC MISMO INC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 510502943 DEVELOPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS DE 501(C)(6) 1 RIHA 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) 509(A)(3) 1 MORPAC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 526144335 POLITICAL ACTION COMMITTEE DC 527 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) 1 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) 170(B)(1)(A)(VI) 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 RIHA - GRANT TO MBA'S PATH TO DIVERSITY SCHOLARSHIP R 100000 CASH-BOOK VALUE MISMO INC - CONTRACTUAL FEE L 576000 CASH-BOOK VALUE MISMO INC - ACTUAL EXPENDITURES Q 288437 CASH-BOOK VALUE MISMO INC - REIMBURSEMENT FOR CREDIT CARD RECEIPTS P 341871 CASH-BOOK VALUE MISMO INC - CONTRIBUTION MISMO MILESTONE B 2000000 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION-SHARING OF EMPLOYEES O 570863 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION-REIMBURSEMENT OF EXPENDITURES Q 99878 CASH-BOOK VALUE