AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS

EIN: 521651713 501(c)(3) Housing & Shelter

RESTON, VA

Total Revenue
$445,313
Total Expenses
$431,904
Total Assets
$360,730
Net Assets
$345,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
DAVID SAUNDERS
Phone
7037825920
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $445K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $432K left a modest 3% surplus.

Mission

AARMR'S PRIMARY MISSION IS TO PROMOTE THE EXCHANGE OF INFORMATION AND EDUCATION CONCERNING THE LICENSING, SUPERVISION AND REGULATION OF THE RESIDENTIAL MORTGAGE INDUSTRY, TO ENSURE THE ABILITY OF STATE MORTGAGE REGULATORS TO PROVIDE EFFECTIVE MORTGAGE SUPERVISION FOR A SAFE AND SOUND INDUSTRY MEETING THE NEEDS OF THE LOCAL FINANCIAL MARKETS, AND TO PROTECT THE RIGHTS OF CONSUMERS.

Program Service Accomplishments

Program 1
Expenses: $196,569 Revenue: $204,397

THE ANNUAL REGULATORY CONFERENCE IS ATTENDED BY GENERAL (STATE) MEMBERS AND AFFILIATE (INDUSTRY) MEMBERS WHO COME TOGETHER TO NETWORK, SHARE INFORMATION AND HEAR PRESENTATIONS ON RESIDENTIAL MORTGAGE...

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THE ANNUAL REGULATORY CONFERENCE IS ATTENDED BY GENERAL (STATE) MEMBERS AND AFFILIATE (INDUSTRY) MEMBERS WHO COME TOGETHER TO NETWORK, SHARE INFORMATION AND HEAR PRESENTATIONS ON RESIDENTIAL MORTGAGE ISSUES OF MUTUAL INTEREST. THE 2023 CONFERENCE HAD OVER 250 ATTENDEES.

Program 2
Expenses: $91,231 Revenue: $119,962

EXAMINER SCHOOLS CONSISTED OF EXAMINER TRAINING IN VIRTUAL CYBERSECURITY AND ENHANCED FINANCIAL ANALYSIS. TRAINING WAS ATTENDED BY EXAMINERS IN REGULATION OF MORTGAGE BROKERS, LENDERS AND LOAN...

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EXAMINER SCHOOLS CONSISTED OF EXAMINER TRAINING IN VIRTUAL CYBERSECURITY AND ENHANCED FINANCIAL ANALYSIS. TRAINING WAS ATTENDED BY EXAMINERS IN REGULATION OF MORTGAGE BROKERS, LENDERS AND LOAN ORIGINATORS IN THEIR RESPECTIVE STATES.

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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 $117,150
Program Service Revenue $324,359
Investment Income $3,629
Other Revenue $175
TOTAL REVENUE $445,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $287,800
Other Expenses $431,904
TOTAL EXPENSES $431,904

Year-over-Year Comparison

2023 2022 Change
Revenue $445,313 $408,062 +0.1%
Expenses $431,904 $380,796 +0.1%
Net Income $13,409 $27,266 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRSTEN ANDERSON IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
ALISON KIYOTOKI DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ROMANO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROD CARNES TREASURER 1.00
Officer Director
$0 $0 $0
KAREEME TUCKER DIRECTOR 1.00
Director
$0 $0 $0
CLIFFORD CHARLAND PRESIDENT 1.00
Officer Director
$0 $0 $0
ELLENA MEIER SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN CUFF DIRECTOR 1.00
Director
$0 $0 $0
DEREK STORMS DIRECTOR 1.00
Director
$0 $0 $0
DAVID SAUNDERS EXECUTIVE DIRECTOR 25.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $445,313 $431,904 $360,730 $13,409
2022 $408,062 $380,796 $332,270 $27,266
2021 $257,607 $267,119 $319,337 $-9,512
2020 $150,119 $125,713 $336,849 $24,406
2019 $392,531 $484,236 $345,654 $-91,705
2018 $451,562 $435,185 $510,956 $16,377
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