RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND

EIN: 366109824 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$253,717
Total Expenses
$299,243
Total Assets
$4,484,065
Net Assets
$4,422,065
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
IL
Principal Officer
MICHAEL FRATANTONI
Phone
2025572700
Tax Period
2023-09-01 to 2024-08-31

RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND, founded in 1953, is a small nonprofit in the Education sector that reported $254K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $299K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND WAS CREATED BY THE MORTGAGE BANKERS ASSOCIATION TO ENCOURAGE AND SUPPORT RESEARCH AND HIGHER EDUCATION ACTIVITIES IN THE FIELD OF MORTGAGE BANKING. THE TRUST AWARDS GRANTS TO EDUCATIONAL INSTITUTIONS IN ORDER TO PROMOTE HIGHER EDUCATIONAL STANDARDS, AND PREPARE COURSES AND PUBLICATIONS RELATED TO MORTGAGE BANKING AND REAL ESTATE FINANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $253,717
Other Revenue $0
TOTAL REVENUE $253,717

Expense Breakdown

Grants Paid $208,152
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $259,577
Other Expenses $91,091
TOTAL EXPENSES $299,243

Year-over-Year Comparison

2023 2022 Change
Revenue $253,717 $164,579 +0.5%
Expenses $299,243 $286,104 +0.0%
Net Income $-45,526 $-121,525 -0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,695,630
Total Directors
4
$1,442,246
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL W BRIGGS TRUSTEE-RIHA SECRETARY 1.00
Officer Director
$0 $38,642 $434,710
LISA J HAYNES TRUSTEE-RIHA TREAS. UNTIL 09/2024 1.00
Officer Director
$0 $57,651 $497,269
ASTRID D VERMEER TRUSTEE-RIHA TREAS. FROM 10/2024 1.00
Officer Director
$0 $0 $0
MICHAEL C FRATANTONI TRUSTEE-RIHA TRUST ADMINISTRATOR 2.00
Officer Director
$0 $23,843 $510,267
EDWARD J SEILER RIHA EXECUTIVE DIRECTOR 12.00
Officer
$0 $54,930 $253,384
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $253,717 $299,243 $4,484,065 $-45,526
2023 $164,579 $286,104 $4,180,244 $-121,525
2022 $249,850 $220,279 $4,160,058 $29,571
2021 $311,295 $276,660 $5,020,773 $34,635
2020 $35,482 $385,590 $4,573,199 $-350,108
2019 $218,640 $210,035 $4,501,330 $8,605
2018 $224,174 $202,488 $4,634,864 $21,686
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