MORTGAGE BANKERS ASSOCIATION OF AMERICA: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE BANKERS ASSOCIATION OF AMERICA (EIN 36-1505650)
- Tax period
- 2011-10-01 to 2012-09-30
- Filed
- 2013-08-12
- IRS object ID
- 201332249349302438
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-08-12T16:12:06-05:00 | Timestamp |
| Tax Period End Date | 2012-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521855942 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361505650 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MORT | NameControl |
| Phone | 2025572700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 RHODE ISLAND AVENUE NW NO 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID H STEVENS | Name |
| Title | PRESIDENT & CEO | Title |
| Phone | 2025572700 | Phone |
| Date Signed | 2013-08-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH G KOSNETT | Name |
| PTIN | P00290720 | PTIN |
| Phone | 2022932200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID H STEVENS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 RHODE ISLAND AVENUE NW NO 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 38368191 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MORTGAGEBANKERS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1914 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY EDUCATION, RESEARCH, AND ADVOCACY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 148 | TotalNbrEmployees |
| Total Nbr Volunteers | 2000 | TotalNbrVolunteers |
| Total Gross UBI | 1751634 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 33519304 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 37501977 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 12163 | InvestmentIncomePriorYear |
| Investment Income Current Year | 41909 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 963146 | OtherRevenuePriorYear |
| Other Revenue Current Year | 824305 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 34494613 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38368191 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18937756 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20466470 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12781000 | OtherExpensePriorYear |
| Other Expenses Current Year | 13585836 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 31718756 | TotalExpensesPriorYear |
| Total Expenses Current Year | 34052306 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2775857 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4315885 | RevenuesLessExpensesCY |
| Total Assets BOY | 17771177 | TotalAssetsBOY |
| Total Assets EOY | 11885128 | TotalAssetsEOY |
| Total Liabilities BOY | 35737713 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30193626 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -17966536 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -18308498 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 ACROSS THE NATION BY ENSURING THE CONTINUED STRENGTH OF THE NATION'S RESIDENTIAL AND COMMERCIAL REAL ESTATE MARKETS; EXPANDING HOMEOWNERSHIP AND EXTENDING ACCESS TO AFFORDABLE HOUSING TO ALL AMERICANS AND SUPPORTING FINANCIAL LITERACY EFFORTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | MEETINGS & CONFERENCESMBA'S FISCAL YEAR 2012 (FY2012), ENDING SEPTEMBER 30, 2012, SAW MORE THAN 13,200 INDIVIDUAL ATTENDEES AT 15 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 2012 IN CHICAGO WITH 3,191 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN SAN DIEGO WITH 2,309 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS WITH 430 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES.IN ADDITION TO THE LARGE ANNUAL CONVENTION EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS FIVE MAJOR CONFERENCES EACH YEAR AS WELL AS 10 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, NATIONAL TECHNOLOGY IN MORTGAGE BANKING 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, QUALITY ASSURANCE 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 AND OTHER CONTINUING EDUCATION CREDITS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADVOCACY FOR MEMBERS AND THE INDUSTRYWHILE NOT EXCLUSIVELY, MUCH OF THE WORK THE STAFF OF MBA'S PUBLIC POLICY AND ADVOCACY PROGRAMS ENGAGED ON IN 2012 WAS GEARED TOWARD PREPARING FOR THE FINALIZATION OF DOZENS OF REGULATIONS UNDER THE DODD FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT (DODD-FRANK ACT). MBA MADE SERIOUS EFFORTS TO EFFECT THE OUTCOME OF SEVERAL RULES UNDER THE DODD-FRANK ACT, INCLUDING THE DEFINITION FOR THE QUALIFIED MORTGAGE (QM); THE DEFINITION OF THE QUALIFIED RESIDENTIAL MORTGAGE (QRM); AND THE ESTABLISHMENT OF UNIFORM NATIONAL REQUIREMENTS FOR MORTGAGE SERVICERS. MBA SENT NEARLY 50 LETTERS TO REGULATORY POLICYMAKERS IN 2012. MBA INVOLVED ROUGHLY ONE THOUSAND INDIVIDUALS FROM ACROSS MBA'S RESIDENTIAL MEMBERSHIP TO HELP US DEVELOP AND REFINE OUR ADVOCACY POSITIONS AS WE EDUCATED POLICYMAKERS IN CONGRESS, FEDERAL AGENCIES, CONSUMER GROUPS AND HOUSING-RELATED TRADE ASSOCIATIONS. MBA ALSO BROUGHT IN DOZENS OF REPRESENTATIVES FROM MBA MEMBER COMPANIES TO MEET WITH FEDERAL REGULATORS ON MANY OF OUR TOP POLICY ISSUES, INCLUDING DURING OUR NATIONAL ADVOCACY CONFERENCE. THROUGH THESE EFFORTS, MBA MADE IMPORTANT PROGRESS IN EFFECTING QM, QRM, SERVICING STANDARDS, LICENSING FOR MORTGAGE LOAN OFFICERS, SECONDARY MORTGAGE MARKET REFORM, BASEL III, AND OTHER ISSUES. ON THE LEGISLATIVE FRONT IN 2012, MBA TESTIFIED AND SUBMITTED FIVE STATEMENTS TO CONGRESSIONAL COMMITTEES, AND TRANSMITTED NEARLY 30 LETTERS TO MEMBERS OF CONGRESS. MBA WAS PLEASED TO SECURE A FIVE YEAR EXTENSION ON THE FLOOD INSURANCE LEGISLATION, AND PUSH BACK ON SEVERAL PROPOSALS THAT WOULD RAISE COSTS FOR MORTGAGE CONSUMERS OR CREATE UNNECESSARY REQUIREMENTS FOR OUR INDUSTRY. MBA STAFF AND ITS MEMBERS ALSO WORKED WITH CONGRESS TO APPLY ITS OVERSIGHT POWER ON THE REGULATORY ISSUES DESCRIBED ABOVE. WE ALSO WORKED TO ADVANCE THE CONGRESSIONAL DIALOGUE AND LAY GROUNDWORK FOR FUTURE EFFORTS ON HOUSING FINANCE REFORM PROPOSALS INVOLVING FHA AND THE GSES. MBA'S STATE AND LOCAL ADVOCACY PROGRAM WORKED ON SEVERAL KEY ISSUES AND ASSISTED IN STATE MBAS IN ADVOCACY THIS YEAR. A CONSIDERABLE EFFORT WAS MADE BY MBA TO ADDRESS STATE-REGULATED MORTGAGE LOAN OFFICER (MLO) LICENSING UNDER THE SAFE ACT, WITH EMPHASIS ON A COORDINATED CAMPAIGN WITH STATE MBAS TO SUPPORT THE CONFERENCE OF STATE BANK SUPERVISORS' UNIFORM STATE TEST FOR MLOS. ALSO, OHIO WAS THE FIRST STATE TO ENACT A TRANSITIONAL LICENSING LAW, WHICH IS BASED ON MBA'S DRAFT MODEL LANGUAGE AND WAS SUPPORTED BY MBA IN A LETTER TO LEGISLATORS.DURING 2012, MBA'S POLITICAL ACTION COMMITTEE, MORPAC, RAISED AND RECEIVED CONTRIBUTIONS IN EXCESS OF $727,000 FROM MORE THAN 1,200 INDIVIDUALS. THIS BRINGS THE COMBINED HARD DOLLAR TOTAL FOR THE 2011-2012 FUNDRAISING CYCLE TO $1,247,000 - SURPASSING BOTH THE GOAL FOR THE CYCLE AND SETTING A NEW RECORD FOR THE PAC. DURING 2012, MORE THAN 6,600 COMMUNICATIONS WERE SENT BY MORTGAGE ACTION ALLIANCE (MAA) MEMBERS TO THEIR ELECTED OFFICIALS AND REGULATORS. OF THE SEVENTEEN "CALLS TO ACTION" EMAILS MBA PROMPTED MAA MEMBERS TO ACT UPON, EIGHT WERE TARGETED AT THE STATE LEVEL, THREE WERE DIRECTED TO REGULATORS AND SIX WERE FOCUSED ON THE FEDERAL LEVEL.MORE THAN 4,226 INDUSTRY PROFESSIONALS RENEWED THEIR MEMBERSHIP OR JOINED MAA IN 2012. THESE ACTIVE MEMBERS ALSO SUPPORTED MORPAC BY CONTRIBUTING MORE THAN $15,833 IN RESPONSE TO LOW-DONOR APPEALS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RESEARCH AND ANALYSISOUTSIDE ANALYSTS, COMMENTATORS, LAWMAKERS AND, OF COURSE, OUR MEMBERS HAVE ALL COME TO DEPEND ON MBA REPORTS AND FORECASTS AS ACCURATE AND INDEPENDENT REPRESENTATIONS OF WHAT IS GOING ON IN THE REAL ESTATE FINANCE INDUSTRY AND IN OUR ECONOMY AS A WHOLE. EACH MONTH, MBA'S MORTGAGE FINANCE FORECAST AND ECONOMIC FORECAST ARE READ WITH INTEREST AND WIDELY CITED BY ANALYSTS AND THE PRESS. NO LESS ANTICIPATED ARE MBAS WEEKLY MORTGAGE APPLICATIONS SURVEY AND ITS QUARTERLY NATIONAL DELINQUENCY SURVEY, WHILE THE LATEST TRENDS AND ANALYSIS ON THE COMMERCIAL/MULTIFAMILY FRONT ARE COVERED IN THE COMMERCIAL REAL ESTATE/MULTIFAMILY FINANCE QUARTERLY DATABOOK AND EIGHT OTHER SPECIALIZED QUARTERLY AND ANNUAL REPORTS. IN ADDITION, MBA'S RESPECTED BENCHMARKING TEAM CONDUCTS THE QUARTERLY AND ANNUAL MORTGAGE BANKERS PERFORMANCE REPORT FOR NON-DEPOSITORY INSTITUTIONS, TARGETING INDEPENDENT MORTGAGE COMPANIES AND BANK SUBSIDIARIES WHO GENERALLY ORIGINATE $1 BILLION OR LESS ANNUALLY, ALONG WITH SEVERAL OTHER VALUABLE BENCHMARKING STUDIES. | Description |
Activity Other ActivityOther (3 entries)
| DescriptionDescription |
|---|
| CAMPUSMBACAMPUSMBA CONTINUES TO OFFER EDUCATIONAL PROGRAMMING TO INDUSTRY PROFESSIONALS, AND OUR DESIGNATIONS AND CERTIFICATIONS CONTINUE TO GROW.IN FY2012, CAMPUSMBA OFFERED 58 UNIQUE WEBINARS ON TIMELY TOPICS INCLUDING FHA LENDING, LOSS MITIGATION, REGULATORY REFORM AND MORTGAGE ACCOUNTING. CAMPUSMBA RECEIVED MORE THAN 3,700 REGISTRATIONS FOR THESE ONLINE EVENTS.DURING THIS PERIOD, CAMPUSMBA ENROLLED MORE THAN 500 STUDENTS IN ONE OF THE THREE LEVELS OF THE SCHOOL OF MORTGAGE BANKING PROGRAM AND MORE THAN 750 STUDENTS IN ADDITIONAL CLASSROOM COURSES, INCLUDING THE SCHOOL OF MORTGAGE SERVICING, THE MULTIFAMILY PROPERTY INSPECTIONS WORKSHOP, AND SAFE ACT TRAINING.CAMPUSMBA ALSO OFFERED A NUMBER OF INSTRUCTOR-GUIDED ONLINE COURSES IN FY2012, INCLUDING THE DEFAULT SERVICING SERIES, WHICH COLLECTIVELY TRAINED OVER WELL 300 STUDENTS ON TOPICS AS SINGLE POINT OF CONTACT, COLLECTIONS, LOSS MITIGATION, AND REO AND PROPERTY PRESERVATION.CAMPUSMBA ADDED NEARLY 30 NEW CERTIFIED MORTGAGE BANKERS (CMBS) TO THE EXISTING ELITE GROUP OF CLOSE TO 1,180 DURING FY2012. IN ADDITION, NEARLY 150 INDIVIDUALS COMPLETED OTHER ACHIEVEMENT, PROFESSIONAL OR SPECIALIST DESIGNATION PROGRAMS. |
| COMMUNICATING WITH AND FOR OUR MEMBERSDURING FY 2012, MBA'S ONLINE DAILY NEWSPAPER, MBA NEWSLINK, AVERAGED 45,000 IN CIRCULATION DAILY. MBA COMMERCIAL/MULTIFAMILY NEWSLINK, A WEEKLY FOCUSING ON THE COMMERCIAL/MULTIFAMILY MARKET, AVERAGED 21,200 IN CIRCULATION. MBA'S NEWEST WEEKLY ELECTRONIC NEWSPAPER, MBA SERVICING NEWSLINK, LAUNCHED IN LATE 2011, REACHED JUST UNDER 45,000 IN CIRCULATION.MORTGAGE BANKING MAGAZINE HAD A CIRCULATION OF 11,563 DURING FY2012. MORTGAGE BANKING MAGAZINE'S DIGITAL EDITION REACHES THOUSANDS OF SUBSCRIBERS MONTHLY WHO CAN ENJOY THE BENEFITS OF ENHANCED DIGITAL CAPABILITIES AND A MORE INTERACTIVE EXPERIENCE FOR SUBSCRIBERS.MORTGAGEBANKERS.ORG CONTINUES TO BE A VALUABLE SOURCE OF NEWS AND INFORMATION FOR OUR MEMBERS AND INDUSTRY PROFESSIONALS.HOMELOANLEARNINGCENTER.COM IS MBA'S CONSUMER FINANCIAL LITERACY WEBSITE AND PROVIDES CONSUMERS WITH INFORMATION ON THE LOAN MORTGAGE PROCESS, VARIOUS LOAN PRODUCTS, LOAN MODIFICATIONS AND GOVERNMENT PROGRAMS AIMED AT HELPING BORROWERS.MBA STAFF AND EXECUTIVES ARE REGULARLY QUOTED IN NATIONAL, STATE, LOCAL AND TRADE MEDIA OUTLETS (PRINT, ONLINE AND BROADCAST) REPRESENTING ITS MEMBER'S INTERESTS AND PROVIDING INSIGHT INTO THE REAL ESTATE FINANCE MARKETS. |
| COMMERCIAL/MULTIFAMILYACTING AS THE VOICE FOR THE COMMERCIAL REAL ESTATE/MULTIFAMILY HOUSING FINANCE INDUSTRY, IN 2012 MBA ADVOCATED STRONGLY FOR THE FOLLOWING: - AN INDUSTRY REPLACEMENT TO THE MORTGAGE EXPERIENCE ADJUSTMENT FACTOR (MEAF) - A COMPONENT OF LIFE COMPANIES' RISK-BASED CAPITAL (RBC) CHARGES THAT WOULD FACILITATE MORE COMPETITIVE PRICING BY MORE ACCURATELY REFLECTING RISK ON A LOAN LEVEL BASIS- AUTHORED AND RELEASED A COMPREHENSIVE WHITE PAPER ENTITLED, ENSURING LIQUIDITY AND STABILITY: THE FUTURE OF MULTIFAMILY HOUSING FINANCE AND THE GOVERNMENT SPONSORED ENTERPRISES, SERVING AS THE FOUNDATION FOR MULTIFAMILY HOUSING FINANCE POLICY- SECURED A FIVE-YEAR EXTENSION OF THE NATIONAL FLOOD INSURANCE PROGRAM (NFIP)- FILED A U.S. SUPREME COURT AMICUS BRIEF SUPPORTING LENDERS' ABILITY TO CREDIT BID ON THEIR COLLATERAL IN A CHAPTER 11 BANKRUPTCY PROCEEDING, UNANIMOUSLY SUPPORTED BY THE COURT IN ITS MAY 2012 DECISION- OBTAINED HIGHLY FAVORABLE HUD GUIDANCE ON THE NATIONAL LOAN COMMITTEE REQUIREMENTS APPLICABLE TO FHA MULTIFAMILY INSURANCE PROGRAMS, RESULTING IN EXPEDITED APPLICATION PROCESSING TIMES- LED INDUSTRY EFFORTS TO RETAIN LENDERS' RIGHTS TO EVIDENCE OF PROPERTY AND CASUALTY INSURANCE, TESTIFYING BEFORE THE NATIONAL CONFERENCE OF INSURANCE LEGISLATORS AND ADDRESSING ACTIONS IN 13 STATES- JOINED A COALITION TO INSURE AGAINST TERRORISM (CIAT) TO ADVOCATE FOR EXTENSION OF THE TERRORISM RISK INSURANCE ACT, DUE TO EXPIRE IN 2014 - SPEARHEADED COALITION EFFORTS BEFORE SENIOR REGULATORS AND CONGRESS, OPPOSING THE PREMIUM CAPTURE CASH RESERVE ACCOUNT (PCCRA), THAT WOULD STIFLE THE CMBS MARKETS REVITALIZATION - ANNOUNCED THE NEW FHA MULTIFAMILY UNDERWRITING TRAINING PROGRAM, PROVIDING A COMPREHENSIVE RESOURCE FOR FHA MAP LENDERS TO TRAIN UNDERWRITERS FOR FHA MULTIFAMILY PROGRAMS- ANNOUNCED THE NEW COMMERCIAL CERTIFIED MORTGAGE SERVICER DESIGNATION PROGRAM, THE TOPFLIGHT DESIGNATION IN THE COMMERCIAL REAL ESTATE LOAN SERVICING ARENA- PUBLISHED WHITE PAPERS ON BLANKET INSURANCE AND A PRIMARY SERVICER'S CMBS NEGOTIATION GUIDE- PROMOTED SENIOR EXECUTIVE PEER-TO-PEER IDEA EXCHANGE, HOSTING 10 EXECUTIVE ROUNDTABLES AND A NEXTGEN LIFE COMPANY MEETING TO FOSTER NEW INDUSTRY LEADERSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 1 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 113 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 148 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARGARET COLON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2025572893 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 RHODE ISLAND AVENUE NW NO 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL W YOUNG | |||||||||
| CHAIRMAN | 4.00 | X | X | 12352 | 0 | 0 | |||
| DEBRA W STILL CMB | |||||||||
| CHAIRMAN-ELECT | 7.00 | X | X | 3931 | 0 | 0 | |||
| E J BURKE | |||||||||
| VICE CHAIRMAN | 4.00 | X | X | 0 | 0 | 0 | |||
| MICHAEL D BERMAN CMB | |||||||||
| IMMED PAST CHAIRMAN | 1.00 | X | X | 19235 | 0 | 0 | |||
| GARY ACOSTA | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| GARRY CIPPONERI | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| BILL COSGROVE CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| HENRY V CUNNINGHAM JR CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| TARI L FLANNERY CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| JACK KONYK | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| DAVID J MOTLEY | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| ED PADILLA CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| JOSEPH R REPPERT | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| BRIAN F STOFFERS CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| G TODD WHITE CMB | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| DAN ARRIGIONI | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| DALE DYKEMA | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| ROBERT GAITHER | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| ELLIOT JACOBS | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| JANINE STALLINGS | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| ROBERT STOUT | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| MARK H WILSMANN | |||||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||||
| DAVID STEVENS | |||||||||
| PRESIDENT AND CEO | 35.00 | X | 663379 | 0 | 13392 | ||||
| ANGELA LAZEAR | |||||||||
| CHIEF FINANCIAL OFFICER | 35.00 | X | 256514 | 0 | 28634 | ||||
| PHYLLIS SLESINGER | |||||||||
| GENERAL COUNSEL | 35.00 | X | 264715 | 0 | 22830 | ||||
| STEPHEN O'CONNOR | |||||||||
| SR VP, GOVT AFFAIRS | 35.00 | 373934 | 0 | 26190 | X | ||||
| EMILE J BRINKMANN | |||||||||
| SR VP, RESEARCH | 35.00 | 274957 | 0 | 25584 | X | ||||
| BARBARA VAN ALLEN | |||||||||
| SR VP, COMMUNIC/MKTNG | 35.00 | 240794 | 0 | 23084 | X | ||||
| PAUL GREEN | |||||||||
| SR VP, CORP RELATIONS AND | 35.00 | 390494 | 0 | 15770 | X | ||||
| GAIL DAVIS-CARDWELL | |||||||||
| SR VP, COMMERC/MULTIFAMILY | 35.00 | 267970 | 0 | 9800 | X | ||||
| WILLIAM KILLMER | |||||||||
| SR VP, LEGISLATIVE & POLITICAL AFFAIRS | 35.00 | 457311 | 0 | 20084 | X | ||||
| MICHAEL FRATANTONI | |||||||||
| VP, SINGLE FAMILY RESEARCH & POLICY DEVELOPMENT | 35.00 | 198113 | 0 | 20310 | X | ||||
| GENEARLENE NEILL | |||||||||
| VP, HUMAN RESOURCES | 35.00 | 215051 | 0 | 23470 | X | ||||
| JAMES WOODWELL | |||||||||
| VP, COMMERCIAL REAL ESTATE | 35.00 | 214125 | 0 | 18582 | X | ||||
| JAMES GROSS | |||||||||
| VP, FINANCIAL ACCOUNTING & PUBLIC POLICY | 35.00 | 209932 | 0 | 10884 | X | ||||
| SARAH DEMAREST | |||||||||
| VP, COMMUNICATIONS | 35.00 | 198845 | 0 | 20766 | X | ||||
| KEN MARKISON | |||||||||
| AVP & REGULATORY COUNSEL | 35.00 | 195559 | 0 | 21052 | X | ||||
| JOHN COURSON | |||||||||
| FORMER PRES & CEO | 35.00 | 816677 | 0 | 3204 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5273888 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 303636 | TotalOtherCompensation |
| Number Individuals GT100 K | 41 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MORGAN LEWIS & BOCKIUS LLP | |||||
| 101 PARK AVE | NEW YORK | NY | 101780060 | LEGAL SERVICES | 230000 |
| HMS PROMOTIONS | |||||
| PO BOX 44298 | FORT WASHINGTON | MD | 20749 | PRINTING/PROMOTION | 215052 |
| STRATMOR GROUP LLC | |||||
| 6000 SHAKERAG HILL SUITE 300 | PEACHTREE CITY | GA | 30269 | BENCHMARKING SERVICE | 162146 |
| SARAH HOLLANDER | |||||
| 1102 TUCKAHOE LANE | ALEXANDRIA | VA | 22302 | GRAPHIC DESIGN SERVICES | 147469 |
| MARGARET COLON | |||||
| 18 GREY PEBBLE CT | DARNESTOWN | MD | 20874 | CONSULTING SERVICES | 144055 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | 14099303 | 14099303 | |
| OTHER CONFERENCES AND | 900099 | 12299251 | 12299251 | |
| ANNUAL CONVENTION | 900099 | 5241770 | 5241770 | |
| EDUCATIONAL PROGRAMS | 900099 | 2804463 | 2804463 | |
| PERIODICALS & PUBLICAT | 541800 | 2314109 | 562475 | 1751634 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 743081 | TotalRevenueColumn |
| Related Or Exempt Function Income | 743081 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 37501977 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35664 | TotalRevenueColumn |
| Exclusion | $35,664 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 640732 | TotalRevenueColumn |
| Exclusion | $640,732 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2085 | Securities |
| Other | 4160 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2085 | Securities |
| Other | 4160 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6245 | TotalRevenueColumn |
| Exclusion | $6,245 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 183573 | TotalRevenueColumn |
| Exclusion | $183,573 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 183573 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38368191 | TotalRevenueColumn |
| Related Or Exempt Function Income | 35750343 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1751634 | UnrelatedBusinessRevenue |
| Exclusion | $866,214 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4429572 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12880735 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1670627 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 553647 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 931889 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 202764 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67530 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43648 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1870888 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56549 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1859700 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 193824 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91351 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1797407 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 744171 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2655311 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46790 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 213895 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 293303 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| EQUIPMENT RENTAL & MAIN | 1058009 |
| LOSS ON OPERATING LEASE | 638496 |
| CREDIT CARD FEES | 464154 |
| MEALS AND ENTERTAINMENT | 361827 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 926219 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34052306 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1625231 | BOY |
| EOY | 2044821 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 479955 | BOY |
| EOY | 463953 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2520648 | BOY |
| EOY | 2273962 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4542988 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3951078 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 707489 | BOY |
| EOY | 591910 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10338717 | BOY |
| EOY | 4386023 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1200490 | BOY |
| EOY | 1223091 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 898647 | BOY |
| EOY | 901368 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17771177 | BOY |
| EOY | 11885128 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1705762 | BOY |
| EOY | 2538118 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13910613 | BOY |
| EOY | 13104137 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7605361 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12515977 | BOY |
| EOY | 14551371 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35737713 | BOY |
| EOY | 30193626 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -17966536 | BOY |
| EOY | -18308498 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -17966536 | BOY |
| EOY | -18308498 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17771177 | BOY |
| EOY | 11885128 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4315885 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4657847 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION PAC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 RHODE ISLAND AVE NW 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526144335 | EIN |
| Amt Of Contribs Recd Delivered | 519798 | AmtOfContribsRecdDelivered |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 1 | AgreeToCarryoverPriorYear |
| Dues Assessments | 14099303 | DuesAssessments |
| Non Ded Lobby Political Current | 2687719 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Carryover | -2788854 | NonDedLobbyPoliticalCarryover |
| Non Ded Lobby Political Total | -101135 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 2114895 | AggrAmtReportedInDuesNotices |
| Taxable | -$2,216,030 | TaxableAmount |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES. | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 426312 | OtherCostOrOtherBasis |
| Depreciation | 199556 | Depreciation |
| Book Value | 226756 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3624928 | OtherCostOrOtherBasis |
| Depreciation | 3294905 | Depreciation |
| Book Value | 330023 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 491748 | OtherCostOrOtherBasis |
| Depreciation | 456617 | Depreciation |
| Book Value | 35131 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 591910 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENT IN PVT INDUSTRY UTILITY CO | 1000000 | C |
| INVESTMENTS IN MISMO, SISAC AND LTC | 223091 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1223091 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHER ASSETS | 54369 |
| ESCROW ACCOUNTS | 846999 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 901368 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIABILITY FOR PENSION BENEFITS | $12,494,689 |
| DEFERRED COMPENSATION AND POST EMPLOYMENT BENEFITS | $166,299 |
| DEFERRED RENT AND LEASE INCENTIVE | $1,890,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 14551371 | TotalOfAmounts |
| Total Revenue | 38368191 | TotalRevenue |
| Total Expenses | 34052306 | TotalExpenses |
| Excess Or Deficit For Year | 4315885 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 12483 | NetUnrealizedGLOnInvestments |
| Other | -$4,670,330 | OtherAmount |
| Total Adjustments | -4657847 | TotalAdjustments |
| Excess Or Deficit Per FS | -341962 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 38565780 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 12483 | NetUnrealizedGainsInvestments |
| Other Revenues | 185106 | OtherRevenues |
| Revenue Not Rptd F990 | 197589 | RevenueNotRptdF990 |
| Revenue Subtotal | 38368191 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38368191 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 38907742 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 4855436 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 4855436 | ExpensesNotRptdF990 |
| Expenses Subtotal | 34052306 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 34052306 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. AT A MINIMUM, THE FISCAL YEARS 2009 THROUGH 2012 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -2,725,275. EQUITY IN INCOME OF SUBSIDIARIES 19,602. OPERATING LEASE FAIR VALUE ADJUSTMENT 165,504. NOTE PAYABLE FAIR VALUE ADJUSTMENT -2,130,161. TOTAL TO SCHEDULE D, PART XI, LINE 8: -4,670,330. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EQUITY IN INCOME OF SUBSIDIARIES 19,602. OPERATING LEASE FAIR VALUE ADJUSTMENT 165,504. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | PENSION CHANGES NOT INCLUDED IN PERIODIC PENSION COST 2,725,275. BUILDING AND MORTGAGE LOAN FAIR VALUE ADJUSTMENT 2,130,161. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (16 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID STEVENS | |||||||||||||
| 662211 | 0 | 0 | 0 | 1168 | 0 | 4900 | 0 | 12260 | 0 | 680539 | 0 | 0 | 0 |
| ANGELA LAZEAR | |||||||||||||
| 254191 | 0 | 0 | 0 | 2323 | 0 | 14700 | 0 | 18398 | 0 | 289612 | 0 | 0 | 0 |
| PHYLLIS SLESINGER | |||||||||||||
| 260940 | 0 | 0 | 0 | 3775 | 0 | 14088 | 0 | 13402 | 0 | 292205 | 0 | 0 | 0 |
| STEPHEN O'CONNOR | |||||||||||||
| 329100 | 0 | 0 | 0 | 44834 | 0 | 14088 | 0 | 18168 | 0 | 406190 | 0 | 0 | 0 |
| EMILE J BRINKMANN | |||||||||||||
| 270697 | 0 | 0 | 0 | 4260 | 0 | 14700 | 0 | 16949 | 0 | 306606 | 0 | 0 | 0 |
| BARBARA VAN ALLEN | |||||||||||||
| 237991 | 0 | 0 | 0 | 2803 | 0 | 7350 | 0 | 24096 | 0 | 272240 | 0 | 0 | 0 |
| PAUL GREEN | |||||||||||||
| 193440 | 0 | 0 | 0 | 197054 | 0 | 7963 | 0 | 11115 | 0 | 409572 | 0 | 0 | 0 |
| GAIL DAVIS-CARDWELL | |||||||||||||
| 265155 | 0 | 0 | 0 | 2815 | 0 | 9800 | 0 | 6040 | 0 | 283810 | 0 | 0 | 0 |
| WILLIAM KILLMER | |||||||||||||
| 455583 | 0 | 0 | 0 | 1728 | 0 | 7350 | 0 | 18800 | 0 | 483461 | 0 | 0 | 0 |
| MICHAEL FRATANTONI | |||||||||||||
| 197629 | 0 | 0 | 0 | 484 | 0 | 6288 | 0 | 23233 | 0 | 227634 | 0 | 0 | 0 |
| GENEARLENE NEILL | |||||||||||||
| 211607 | 0 | 0 | 0 | 3444 | 0 | 12391 | 0 | 16671 | 0 | 244113 | 0 | 0 | 0 |
| JAMES WOODWELL | |||||||||||||
| 212959 | 0 | 0 | 0 | 1166 | 0 | 12840 | 0 | 11319 | 0 | 238284 | 0 | 0 | 0 |
| JAMES GROSS | |||||||||||||
| 206497 | 0 | 0 | 0 | 3435 | 0 | 0 | 0 | 16482 | 0 | 226414 | 0 | 0 | 0 |
| SARAH DEMAREST | |||||||||||||
| 196515 | 0 | 0 | 0 | 2330 | 0 | 9126 | 0 | 17097 | 0 | 225068 | 0 | 0 | 0 |
| KEN MARKISON | |||||||||||||
| 192219 | 0 | 0 | 0 | 3340 | 0 | 11213 | 0 | 15212 | 0 | 221984 | 0 | 0 | 0 |
| JOHN COURSON | |||||||||||||
| 289210 | 0 | 0 | 0 | 527467 | 0 | 2756 | 0 | 2201 | 0 | 821634 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINES 4A-B | ReturnReference |
| Explanation | JOHN COURSON, SEVERANCE, $437,500 STEPHEN O'CONNOR, 457F PLAN DISTRIBUTION, $43,209 PAUL GREEN, 457F PLAN DISTRIBUTION, $36,240 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 AMMENDMENTS; 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 SERVING EX OFFICIO AS NONVOTING MEMBERS. [COMBOG IS THE COMMERCIAL REAL ESTATE/MULTIFAMILY FINANCE BOARD OF GOVERNORS. RESBOG IS THE RESIDENTIAL/SINGLE-FAMILY BOARD OF GOVERNORS.] | |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE ADJUSTED IN AUGUST 2012 TO INCREASE THE NUMBER OF VOTING DIRECTORS TO 23 FOR A TOTAL OF 24 DIRECTORS, INCLUDING THE PRESIDENT & CEO WHO SERVES EX OFFICIO IN A NON-VOTING CAPACITY. THE BYLAWS WERE FURTHER AMENDED TO ELIMINATE CERTAIN STRICT BUCKETS FOR THE SELECTION OF AT-LARGE DIRECTORS SELECTED BY THE CHAIRMAN-ELECT IN CONSULTATION WITH THE NOMINATING COMMITTEE. INSTEAD, THE BYLAWS IMPOSE A MANDATE FOR BALANCE AMONG RESIDENTIAL AND COMMERCIAL AND MULTIFAMILY MEMBERS, AMONG LARGE AND SMALL MEMBERS AND AMONG MEMBERS OF DIFFERENT KINDS OF OWNERSHIP STRUCTURES AND CHARTERS. | |
| 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, 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 BOARDS OF GOVERNORS, OR WHO HAVE SERVED AS AN OFFICER FOR TWO YEARS, AND WHO HAVE RETIRED FROM ACTIVE BUSINESS SHALL BE CONSIDERED HONORARY MEMBERS. | |
| 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 BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN OF MERGER CALLS FOR THE ASSOCIATION TO MERGE INTO ANOTHER ASSOCIATION OR OTHER ENTITY, OR A PLAN OF MERGER CALLS FOR THE ASSOCIATION TO ABSORB ANOTHER ASSOCIATION OR OTHER ENTITY, BUT 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 11 | THE FIVE INDEPENDENT MEMBERS OF THE AUDIT COMMITTEE, WHICH IS A BOARD-LEVEL COMMITTEE, REVIEWED THE FORM 990 BEFORE ITS FILING. THE MBA BOARD HAD THE OPPORTUNITY TO REQUEST A COPY OF THE DRAFT FOR REVIEW BEFORE IT WAS FILED. | |
| 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 A 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 OF 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 WILL 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 FOR 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 FOR THE REMAINING EMPLOYEES, THE BOARD HEREBY APPROVES THE FOLLOWING PROCESS FOR DETERMINING TOTAL COMPENSATION: 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 5: | NET UNREALIZED GAINS ON INVESTMENTS: 12,483. PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -2,725,275. EQUITY IN INCOME OF SUBSIDIARIES 19,602. OPERATING LEASE FAIR VALUE ADJUSTMENT 165,504. NOTE PAYABLE FAIR VALUE ADJUSTMENT -2,130,161. TOTAL TO FORM 990, PART XI, LINE 5: -4,657,847. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets |
|---|---|---|---|---|---|---|---|---|
| 1331 L STREET LLC (DISREGARDED ENTITY) | ||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 331210397 | HOLDS MBA HEADQUARTERS OFFICE BUILDING | DE | 0 | 0 |
| MBA FIRST LLC | ||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | PROVIDES SVCS TO ORGANIZATIONS IN THE REAL ESTATE FINANCE INDUSTRY | DC | 0 | 0 | |
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|
| MISMO INC | |||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 510502943 | DEVELOPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS | DE | 501(C)(6) | 1 | |
| RIHA | |||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 366109824 | FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE | IL | 501(C)(3) | 1 | 509(A)(3) |
| MORPAC | |||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 526144335 | POLITICAL ACTION COMMITTEE | DC | 527 | 1 | |
| MORTGAGE ACTION ALLIANCE INC | |||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 271893100 | SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY | DE | 501(C)(6) | 1 | |
| MBA OPENS DOORS FOUNDATION | |||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 320355086 | SPONSORS PHILANTHROPIC ACTIVITIES FOCUSED ON HOME OWNERSHIP | DE | 501(C)(3) | 1 | 170(B)(1)(A)(VI) |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| LENDER TECHNOLOGIES CORPORATION | ||||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 522233464 | ENABLES VALUE-ADDED TECHNOLOGY AND INFORMATION PRODUCTS | DC | C | 45807 | 143208 | 1.00000 |
| SISAC INC | ||||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 522413168 | OPEN ACCESS AND STANDARDS IN REAL ESTATE FINANCE BUSINESS TRANSACTIONS | DE | C | -827 | 1.00000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| RIHA | ||
| N | 30000 | BOOK VALUE |
| RIHA | ||
| P | 9508 | BOOK VALUE |
| MISMO INC | ||
| K | 170000 | CONTRACTUAL FEE |
| MISMO INC | ||
| P | 134077 | ACTUAL EXPENDITURES |
| MISMO INC | ||
| R | 96732 | REIMB FOR CC FEES |