MORTGAGE BANKERS ASSOCIATION OF AMERICA: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE BANKERS ASSOCIATION OF AMERICA (EIN 36-1505650)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-15
- IRS object ID
- 201142279349300114
- Schema version
- 2009v1.4
- 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 | 2011-08-15T07:58:05-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2009-10-01 | 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 | ANGELA LAZEAR | Name |
| Title | CFO | Title |
| Phone | 2025572700 | Phone |
| Date Signed | 2011-08-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH G KOSNETT | Name |
| Phone | 2022932200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | 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 | 90473228 | 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 | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 147 | TotalNbrEmployees |
| Total Nbr Volunteers | 2000 | TotalNbrVolunteers |
| Total Gross UBI | -21619842 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -24680757 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 28747967 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 30721443 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -3537524 | InvestmentIncomePriorYear |
| Investment Income Current Year | -48468568 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -7919174 | OtherRevenuePriorYear |
| Other Revenue Current Year | 18014987 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17291269 | TotalRevenuePriorYear |
| Total Revenue Current Year | 267862 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 17338236 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14681620 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16415452 | OtherExpensePriorYear |
| Other Expenses Current Year | 14024410 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33753688 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28706030 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -16462419 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -28438168 | RevenuesLessExpensesCY |
| Total Assets BOY | 66893566 | TotalAssetsBOY |
| Total Assets EOY | 14810976 | TotalAssetsEOY |
| Total Liabilities BOY | 78897401 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 31233302 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -12003835 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -16422326 | NetAssetsOrFundBalancesEOY |
| 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 & ConferencesThis past year ended September 30, 2010 (FY2010) saw more than 12,000 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, 2009 in San Diego with over 2,500 attendees. The CREF/Multifamily Convention & Expo was held in Las Vegas with more than 2,000 attendees. Sponsorship and booth sales remained strong at the MBA meetings with over 300 companies exhibiting their products and services.In addition to the large annual convention expected from a major association, MBA hosts four major conferences each year as well as 10 more finely focused special interest conferences. The four 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 tax. 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.In addition to traditional programming, MBA offers workshops that focus on timely topics on which our members need immediate guidance and information. They are quick to market and have been highly successful to date. In 2010 we offered three workshops attracting a total of nearly 450 attendees. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Advocacy for Members and the IndustryMBA policy and legislative staff have continued to educate key stakeholders about the current real estate finance market. As part of this process, MBA has worked with Congress and the Administration to help restore faith in our industry by assisting borrowers and renters in crisis, stabilizing the housing, mortgage and capital markets and preventing reoccurrences of the recent crisis.The past year brought landmark reforms to the real estate finance industry. Notably, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), signed into law by President Obama on July 21, 2010, marked the most sweeping financial regulatory reforms since the Great Depression. Servicing issues are in the media spotlight and secondary market reform continues to be a priority of Congress and the Administration.MBA actively responded to these pressing public policy issues, by sending more than 60 letters to regulators and another 40 letters to members of Congress advocating on the industry's behalf. MBA also testified at several Congressional hearings over the last year.To highlight some key advocacy efforts, MBA has proactively engaged lawmakers and regulators through every step of the Dodd-Frank legislation, from drafting, amending and approving to implementing the over 100 new regulations required in the mortgage space alone. MBA fought for key exemptions to the Ability to Repay and Risk Retention requirements in the law. MBA has also played an active role as the new Consumer Financial Protection Bureau (CFPB) is established pursuant to Dodd-Frank, specifically as it seeks to combine disclosure regimes under regulations for the Real Estate Settlement and Procedures Act (RESPA) and Truth in Lending Act (TILA). In addition to Dodd-Frank initiatives, MBA formed the Council on Residential Mortgage Servicing for the 21st Century to take the lead in proposing policy solutions to the current servicing model. Through the Council, MBA continues to work to make the residential servicing process work better for borrowers, lenders and investors. MBA has also been active with industry members and on Capitol Hill to stay in front of secondary market reform and the future of the Government Sponsored Entities (GSEs). MBA's model for GSE reform continues to serve as the basis for various reform proposals.Loan officer compensation has also faced dynamic changes in the past year due to a final rule by the Federal Reserve. MBA has aggressively pursued this issue through advocacy with Federal Reserve staff and through extensive efforts to educate our members on how to comply with the new standards. MBA also continued to work with the Administration to try to find solutions for borrowers who were having trouble paying their mortgage. As a founding member of the HOPE NOW alliance, MBA and its members and other alliance partners helped nearly 30,000 families at its borrower outreach events in 2010. The alliance held 40 events in 29 cities throughout the year, and alliance members provided 1.76 million modifications to at-risk homeowners through November of last year. | 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 analyzed with interest and widely cited by analysts and the press. No less anticipated are the Weekly Mortgage Applications Survey and the 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. 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. | Description |
Activity Other ActivityOther (3 entries)
| DescriptionDescription |
|---|
| Campus MBACampusMBA offers educational programming to our members and our designations and certifications continue to grow. There were 5,600 individuals enrolled in designation/certification programs. CampusMBA added nearly 40 new Certified Mortgage Bankers (CMBs) to the existing elite group of close to 1,100 during FY2010. In addition, 300 individuals completed achievement, professional or specialist designation programs. |
| Communicating with our MembersMBA spends a great deal of effort on keeping members apprised of economic, regulatory, litigation, and technology developments to help members conduct their business. During FY2010, MBA's online newsletter, MBA NewsLink reached a circulation of 53,000 while MBA Commercial/Multifamily NewsLink subscriptions reached 30,000. Mortgage Banking magazine had a circulation of 9,500 during FY2010. Mortgage Banking magazine's Digital Edition reaches thousands of subscribers monthly who 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. |
| Commercial/MultifamilyActing as the voice for the commercial real estate finance/multifamily housing industry, in 2010 MBA defeated the National Association of Insurance Commissioner's (NAIC's) proposal to increase the risk-based capital charge applicable to life companies' commercial real estate loans; led a 50-member response team to address the SEC's proposed overhaul of the Asset-Backed Securities rules; lobbied extensively before the SEC and the federal banking agencies to promote MBA's CMBS risk retention policy; successfully advocated against an increase in the carried interest tax rate; served as the industry thought leader on FHA and GSE multifamily issues; secured an additional $5 billion in FHA Multifamily Commitment Authority; and submitted over 100 regulatory comment letters.MBA also conducted extensive outreach to its commercial/multifamily members, holding 8 executive roundtables and more than 100 working group meetings and monthly conference calls. |
| 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 |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 147 | 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 |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | 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 | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| 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 | ANGELA LAZEAR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2025572700 | 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 (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ROBERT E STORY JR CM | ||||||||
| CHAIRMAN | 7.00 | X | 16522 | 0 | 0 | |||
| MICHAEL D BERMAN CMB | ||||||||
| CHAIRMAN-ELECT | 4.00 | X | 9699 | 0 | 0 | |||
| MICHAEL W YOUNG | ||||||||
| VICE CHAIRMAN | 4.00 | X | 2023 | 0 | 0 | |||
| DAVID G KITTLE CMB | ||||||||
| IMMED PAST CHAIRMAN | 1.00 | X | 0 | 0 | 0 | |||
| GARY ACOSTA | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| E J BURKE | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| CHRIS W CHRISTENSEN | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| GARRY CIPPONERI | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| BILL COSGROVE CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DAN CROCKETT | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| THOMAS P CRONIN CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| HENRY V CUNNINGHAM JR | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| TIMOTHY C DALE CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| TARI L FLANNERY | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| RODRIGO LOPEZ CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| SAMUEL B MORELLI CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DAVID A ROBERTS CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| JOSEPH A SPLENDIDO | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| DEBRA W STILL CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 3371 | 0 | 0 | |||
| G TODD WHITE CMB | ||||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |||
| JONATHAN L KEMPNER | ||||||||
| PRES & CEO/OUTGOING | 35.00 | 1155688 | 0 | 11477 | X | |||
| JOHN COURSON | ||||||||
| PRES & CEO | 35.00 | 662279 | 0 | 3848 | X | |||
| ANGELA LAZEAR | ||||||||
| CHIEF FINANCIAL OFFICER | 35.00 | 227330 | 0 | 18507 | X | |||
| PHYLLIS SLESINGER | ||||||||
| GENERAL COUNSEL | 35.00 | 226518 | 0 | 18495 | X | |||
| STEPHEN O'CONNOR | ||||||||
| SR VP, GOVT AFFAIRS | 35.00 | 266873 | 0 | 19300 | X | |||
| EMILE J BRINKMANN | ||||||||
| SR VP, RESEARCH | 35.00 | 244443 | 0 | 17769 | X | |||
| CHERYL CRISPEN | ||||||||
| SR VP, COMMUNIC/MKTNG | 35.00 | 241596 | 0 | 18879 | X | |||
| PAUL GREEN | ||||||||
| SR VP, CORP RELATIONS AN | 35.00 | 329465 | 0 | 20190 | X | |||
| JAN STERNIN | ||||||||
| SR VP, COMMERC/MULTIFAMI | 35.00 | 298371 | 0 | 8255 | X | |||
| CHERYL P MALLOY | ||||||||
| SR VP, MULTIFAMILY & GOV | 35.00 | 381138 | 0 | 6874 | X | |||
| SARAH T DEMAREST | ||||||||
| VP, COMMUNICATIONS | 35.00 | 184250 | 0 | 13141 | X | |||
| JAMES GROSS | ||||||||
| ASSOC. VP ACCOUNTING, TA | 35.00 | 180386 | 0 | 9767 | X | |||
| DEBORAH MCKINNON | ||||||||
| VP, COMMERCIAL/MULTIFAMI | 35.00 | 192082 | 0 | 6278 | X | |||
| GENEARLENE NEILL | ||||||||
| VP, HR AND FACILITIES | 35.00 | 195526 | 0 | 13574 | X | |||
| JOSHUA DENNEY | ||||||||
| VP, PUBLIC POLICY | 35.00 | 174323 | 0 | 14320 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4991883 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 200674 | TotalOtherCompensation |
| Number Individuals GT100 K | 50 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LOCHLIN PARTNERS | |||||
| 8300 GREENSBORO DR SUITE 300 | MCLEAN | VA | 22102 | EXECUTIVE SEARCH | 205348 |
| BRYAN CAVE | |||||
| 1155 F ST HW | WASHINGTON | DC | 200041312 | LEGAL SERVICES | 180325 |
| STRATMOR GROUP LLC | |||||
| 6000 SHAKERAG HILL SUITE 300 | PEACHTREE CITY | GA | 30269 | BENCHMARKING SERVICES | 146928 |
| SARAH HOLLANDER | |||||
| 1102 TUCKAHOE LANE | ALEXANDRIA | VA | 23302 | Graphic Design Company | 139783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Other Conferences and | 900099 | 10855962 | 10855962 | |
| MEMBERSHIP DUES | 900099 | 10700476 | 10700476 | |
| Annual Convention | 900099 | 4054344 | 4054344 | |
| Periodicals & Publicat | 541800 | 2342760 | 735210 | 1607550 |
| Educational Programs | 900099 | 1974377 | 1974377 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 793524 | TotalRevenueColumn |
| Related Or Exempt Function Income | 793524 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 30721443 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14015 | TotalRevenueColumn |
| Exclusion | $14,015 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 359191 | TotalRevenueColumn |
| Exclusion | $359,191 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 319527 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 824233 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -504706 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -504706 | TotalRevenueColumn |
| Unrelated Business Revenue | 149339 | UnrelatedBusinessRevenue |
| Exclusion | -$654,045 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 225142 | Securities |
| Other | 40673408 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 89381133 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 225142 | Securities |
| Other | -48707725 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -48482583 | TotalRevenueColumn |
| Unrelated Business Revenue | -23376731 | UnrelatedBusinessRevenue |
| Exclusion | -$25,105,852 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| GAAP GAIN ON DEBT VALU | 900099 | 17450000 | $17,450,000 |
| OTHER REVENUE | 900099 | 710502 | $710,502 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 18160502 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 267862 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29113893 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -21619842 | UnrelatedBusinessRevenue |
| Exclusion | -$7,226,189 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4280858 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7999491 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 877755 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 752576 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770940 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 268327 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64344 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30954 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2097087 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29106 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1770041 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 290079 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121186 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2593048 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 616535 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2242214 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37194 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 593609 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 288633 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| EQUIPMENT RENTAL & MAIN | 916056 |
| MERCHANT CARD FEES | 431527 |
| MISCELLANEOUS | 306629 |
| OUTSOURCING FEES | 284842 |
| COMMISSIONS | 256246 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 786753 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28706030 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 906385 | BOY |
| EOY | 1387329 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5083122 | BOY |
| EOY | 8738731 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 401454 | BOY |
| EOY | 347613 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1902584 | BOY |
| EOY | 1346390 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4471361 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3631206 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4251468 | BOY |
| EOY | 840155 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382345 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6203858 | BOY |
| EOY | 1186930 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47762350 | BOY |
| EOY | 963828 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66893566 | BOY |
| EOY | 14810976 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3001175 | BOY |
| EOY | 2463302 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10441610 | BOY |
| EOY | 11032598 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57550000 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 7690000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7904616 | BOY |
| EOY | 10047402 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78897401 | BOY |
| EOY | 31233302 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -12003835 | BOY |
| EOY | -16422326 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -12003835 | BOY |
| EOY | -16422326 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66893566 | BOY |
| EOY | 14810976 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt Expended For527 Activities | 20000 | AmtExpendedFor527Activities |
| Total Exmpt Function Expenditures | 20000 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | 1 | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Amt Pd From Internal FundsAmtPdFromInternalFunds | Amt Of Contribs Recd DeliveredAmtOfContribsRecdDelivered |
|---|---|---|---|---|---|---|
| REPUBLICAN GOVERNORS ASSOCIATION | ||||||
| 1747 PENNSYLVANIA AVE NW STE 250 | WASHINGTON | DC | 20006 | 113655877 | 10000 | |
| DEMOCRATIC GOVERNORS ASSOCIATION | ||||||
| 1401 K St NW STE 200 | WASHINGTON | DC | 20005 | 521304889 | 10000 | |
| MORTGAGE BANKERS ASSOCIATION PAC | ||||||
| 1717 RHODE ISLAND AVE NW | WASHINGTON | DC | 20036 | 526144335 | 455482 | |
| 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 | 10700476 | DuesAssessments |
| Non Ded Lobby Political Current | 2580446 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Carryover | -681333 | NonDedLobbyPoliticalCarryover |
| Non Ded Lobby Political Total | 1899113 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 5243233 | AggrAmtReportedInDuesNotices |
| Taxable | -$3,344,120 | TaxableAmount |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I-A, Line 1: | Identifier |
| Return Reference | Organizations Direct and Indirect Political Campaign Activities: | 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 | 28515 | Depreciation |
| Book Value | 397797 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3461996 | OtherCostOrOtherBasis |
| Depreciation | 3089189 | Depreciation |
| Book Value | 372807 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 583053 | OtherCostOrOtherBasis |
| Depreciation | 513502 | Depreciation |
| Book Value | 69551 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 840155 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Investment in pvt industry utility corp | 1000000 | C |
| INVESTMENTS IN MISMO, SISAC AND LTC | 186930 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1186930 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER ASSETS | Description |
| Book Value | 963828 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 963828 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIABILITY FOR PENSION BENEFITS | $8,112,917 |
| DEFERRED COMPENSATION AND POST EMPLOYMENT BENEFITS | $244,796 |
| ACCRUED LOSS ON OPERATING LEASE | $798,754 |
| DEFERRED RENT AND LEASE INCENTIVE | $890,935 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10047402 | TotalOfAmounts |
| Total Revenue | 267862 | TotalRevenue |
| Total Expenses | 28706030 | TotalExpenses |
| Excess Or Deficit For Year | -28438168 | ExcessOrDeficitForYear |
| Other | $24,019,677 | OtherAmount |
| Total Adjustments | 24019677 | TotalAdjustments |
| Excess Or Deficit Per FS | -4418491 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 31537956 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 12369 | OtherRevenues |
| Revenue Not Rptd F990 | 12369 | RevenueNotRptdF990 |
| Revenue Subtotal | 31525587 | RevenueSubtotal |
| Other Revenues Not Included | -31257725 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -31257725 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 267862 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35956447 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 7250417 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 7250417 | ExpensesNotRptdF990 |
| Expenses Subtotal | 28706030 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 28706030 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | During the year ended September 30, 2010, management did not identify any uncertain income tax positions. At a minimum, the September 30, 2007 through 2010 tax years are open for examination by taxing authorities. |
| Part XI, Line 8 - Other Adjustments: | TAX BASIS LOSS ON BUILDING: 45879549. PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST: -2889443. EQUITY IN INCOME OF SUBSIDIARIES: 12369. BOOK ADJUSTMENTS FOR LEASE AND NOTE VALUATION: -1532798. GAAP GAIN ON DEBT VALUATION: -17450000. | |
| Part XII, Line 2d - Other Adjustments: | EQUITY IN INCOME OF SUBSIDIARIES: 12369. | |
| Part XII, Line 4b - Other Adjustments: | TAX BASIS LOSS ON SALE OF HEADQUARTERS BUILDING: -45879549. GAAP GAIN ON DEBT VALUATION: 17450000. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT: -2828176. | |
| Part XIII, Line 2d - Other Adjustments: | PENSION CHANGES NOT INCLUDED IN PERIODIC PENSION COST: 2889443. BOOK ADJUSTMENTS FOR LEASE AND NOTE VALUATION: 1532798. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT: 2828176. |
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 (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JONATHAN L KEMPNER | |||||||||||||
| 0 | 0 | 262014 | 0 | 893674 | 0 | 0 | 0 | 16507 | 0 | 1172195 | 0 | 194414 | 0 |
| JOHN COURSON | |||||||||||||
| 657788 | 0 | 0 | 0 | 4491 | 0 | 3438 | 0 | 3674 | 0 | 669391 | 0 | 0 | 0 |
| ANGELA LAZEAR | |||||||||||||
| 226181 | 0 | 0 | 0 | 1149 | 0 | 5830 | 0 | 21381 | 0 | 254541 | 0 | 0 | 0 |
| PHYLLIS SLESINGER | |||||||||||||
| 224388 | 0 | 0 | 0 | 2130 | 0 | 5728 | 0 | 21263 | 0 | 253509 | 0 | 0 | 0 |
| STEPHEN O'CONNOR | |||||||||||||
| 266063 | 0 | 0 | 0 | 810 | 0 | 6823 | 0 | 22923 | 0 | 296619 | 0 | 0 | 0 |
| EMILE J BRINKMANN | |||||||||||||
| 242141 | 0 | 0 | 0 | 2302 | 0 | 6203 | 0 | 20029 | 0 | 270675 | 0 | 0 | 0 |
| CHERYL CRISPEN | |||||||||||||
| 241061 | 0 | 0 | 0 | 535 | 0 | 6203 | 0 | 23019 | 0 | 270818 | 0 | 27446 | 0 |
| PAUL GREEN | |||||||||||||
| 265143 | 0 | 62000 | 0 | 2322 | 0 | 6823 | 0 | 22133 | 0 | 358421 | 0 | 0 | 0 |
| JAN STERNIN | |||||||||||||
| 247140 | 0 | 50000 | 0 | 1231 | 0 | 3101 | 0 | 10667 | 0 | 312139 | 0 | 0 | 0 |
| CHERYL P MALLOY | |||||||||||||
| 105857 | 0 | 32500 | 0 | 242781 | 0 | 4349 | 0 | 5452 | 0 | 390939 | 0 | 0 | 0 |
| SARAH T DEMAREST | |||||||||||||
| 182560 | 0 | 0 | 0 | 1690 | 0 | 2360 | 0 | 18889 | 0 | 205499 | 0 | 0 | 0 |
| JAMES GROSS | |||||||||||||
| 177901 | 0 | 0 | 0 | 2485 | 0 | 0 | 0 | 18079 | 0 | 198465 | 0 | 0 | 0 |
| DEBORAH MCKINNON | |||||||||||||
| 49000 | 0 | 0 | 0 | 143082 | 0 | 3778 | 0 | 3588 | 0 | 199448 | 0 | 0 | 0 |
| GENEARLENE NEILL | |||||||||||||
| 193748 | 0 | 0 | 0 | 1778 | 0 | 4931 | 0 | 15926 | 0 | 216383 | 0 | 0 | 0 |
| JOSHUA DENNEY | |||||||||||||
| 174026 | 0 | 0 | 0 | 297 | 0 | 2843 | 0 | 21456 | 0 | 198622 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4a | ReturnReference |
| Explanation | JONATHAN KEMPNER, CONTRACTUAL COMMITMENT, $817,600 JONATHAN KEMPNER, 457 DISTRIBUTION, $194,414 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 PRESENT 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 MBA BYLAWS WERE AMENDED IN AUGUST TO PROVIDE FOR THE FOLLOWING SIGNIFICANT CHANGES: -- TWO-YEAR STAGGERED TERMS FOR NON-OFFICERS -- NO MORE THAN TWO CONSECUTIVE TERMS UNLESS THERE IS A ONE YEAR BREAK IN SERVICE -- TOTAL OF 21 BOARD MEMBERS (WAS 20) -- EXPANDING ASSOCIATE MEMBER REPRESENTATIVES TO 3 (WAS 1) -- PROVISION OF ONE BOARD SLOT FOR THE MORPAC CHAIR -- EXPANSION OF THE EXECUTIVE COMMITTEE -- EXPULSION PENALTY FOR UNEXCUSED BOARD MEETING NONATTENDANCE -- REDUCTION OF VOTING QUORUM TO 2.5% OF VOTING MEMBERS (WAS 5%) |
| 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 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 | ||||||||
| 1717 RHODE ISLAND AVE NW 400 | WASHINGTON | DC | 20036 | 331210397 | HOLDS MBA HEADQUARTERS OFFICE BUILDING | DE | 1686714 | 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 (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | 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) | |
| 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) | 509(A)(3) |
| MORPAC | ||||||||
| 1717 Rhode Island Ave NW 400 | WASHINGTON | DC | 20036 | 526144335 | POLITICAL ACTION COMMITTEE | DC | 527 | |
| 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) (PENDING) | |
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 | 32123 | 106987 | 1.00000 |
| SISAC INC | ||||||||||
| 1717 Rhode Island Ave NW 400 | WASHINGTON | DC | 20036 | 522413168 | OPEN ACCESS AND STANDARDS IN REAL ESTATE FINANCE | DE | C | 150 | 121586 | 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 | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| RESEARCH INSTITUTE FOR HOUSING AMERICA | |
| N | 30000 |
| RESEARCH INSTITUTE FOR HOUSING AMERICA | |
| P | 8853 |
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