American Association Of Residential Mortgage Regulators
- Assets
- $332.3k
- Revenue
- $408.1k
- Investments
- $144.1k
- Employees
- 0
- Location
- Reston, VA
- Founding
- 12/1990
- Data as of
- 12/2022
- EIN
- 52-1651713
Organization Overview
American Association Of Residential Mortgage Regulators is located in Reston, VA. The organization was established in 1990. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Residential Mortgage Regulators is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Association Of Residential Mortgage Regulators generated $408.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $380.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE KNOWLEDGE OF RESIDENTIAL MORTGAGE REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2022 CONFERENCE HAD OVER 250 ATTENDEES.
EXAMINER SCHOOLS CONSISTED OF EXAMINER TRAINING IN FINANCIAL STATEMENT ANALYSIS AND REVERSE MORTGAGES. TRAINING WAS ATTENDED BY EXAMINERS IN REGULATION OF MORTGAGE BROKERS, LENDERS AND LOAN ORIGINATORS IN THEIR RESPECTIVE STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Anderson Immediate Past President | OfficerTrustee | 1 | $0 |
Alison Kiyotoki Director | Trustee | 1 | $0 |
Chris Romano Vice President | OfficerTrustee | 1 | $0 |
Rod Carnes Treasurer | OfficerTrustee | 1 | $0 |
Kareeme Tucker Director | Trustee | 1 | $0 |
Clifford Charland President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $131,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,450 |
| Total Program Service Revenue | $276,285 |
| Investment income | $327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $161,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,138 |
| All other expenses | $2,078 |
| Total functional expenses | $380,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,874 |
| Savings and temporary cash investments | $150,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $144,059 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $332,270 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $332,270 |