MORTGAGE BANKERS ASSOCIATION OF METROPOLITAN WASHINGTON

EIN: 526051846

FALLS CHURCH, VA

Total Revenue
$164,027
Total Expenses
$242,776
Total Assets
$305,828
Net Assets
$223,129
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1953
Phone
7035844954
Tax Period
2023-01-01 to 2023-12-31

MORTGAGE BANKERS ASSOCIATION OF METROPOLITAN WASHINGTON, founded in 1953, is a small nonprofit that reported $237K in total revenue in fiscal year 2018. Expenses of $208K left a modest 12% surplus.

Mission

THE ASSOCIATION FOSTERS EXCELLENCE AMONG REAL ESTATE FINANCE PROFESSIONALS, ADVOCATES FOR ITS MEMBERS, PROMOTES FAIR & ETHICAL LENDING PRACTICES, AND STRENGHTENS MEMBER'S ABILITY TO MANAGE THEIR BUSINESSES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,851
Program Service Revenue $155,855
Investment Income $4,156
Other Revenue $2,165
TOTAL REVENUE $164,027

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,932
Other Expenses $239,776
TOTAL EXPENSES $242,776

Year-over-Year Comparison

2023 2022 Change
Revenue $164,027 $177,194 -0.1%
Expenses $242,776 $171,022 +0.4%
Net Income $-78,749 $6,172 -13.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORDAN ADAMS Governor 1.00
Director
$0 $0 $0
MARK BAKER Governor 1.00
Director
$0 $0 $0
STACEY BAROWICH Governor 1.00
Director
$0 $0 $0
JOEL BISAILLON JR Governor 1.00
Director
$0 $0 $0
CHARLIE CROWE Governor 1.00
Director
$0 $0 $0
SUSAN DEMELLO Governor 1.00
Director
$0 $0 $0
KRISTA ELLIS Governor 1.00
Director
$0 $0 $0
RAMEZ FAHMY Governor 1.00
Director
$0 $0 $0
MIKE NOYES Governor 1.00
Director
$0 $0 $0
CHRISTOPHER PLUMLEY Governor 1.00
Director
$0 $0 $0
JOHN PYNE Governor 1.00
Director
$0 $0 $0
MARGIE RHODES Governor 1.00
Director
$0 $0 $0
JAKE RYON Governor 1.00
Director
$0 $0 $0
STAN SCHNIPPEL Governor 1.00
Director
$0 $0 $0
DAVID SOBER Governor 1.00
Director
$0 $0 $0
DAVE ROTELL Chairman 5.00
Officer
$0 $0 $0
DEBRA GOLDSTEIN President 5.00
Officer
$0 $0 $0
MARK DEITZ Vice President 5.00
Officer
$0 $0 $0
DAVID LATIMER Sec/Treasurer 5.00
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 $164,027 $242,776 $305,828 $-78,749
2022 $177,194 $171,022 $365,849 $6,172
2021 $126,963 $123,420 $612,993 $3,543
2020 $115,017 $123,481 $506,503 $-8,464
2019 $219,762 $196,524 $412,925 $23,238
2018 $237,095 $207,532 $349,142 $29,563
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