Tidewater Mortgage Bankers Association Inc
- Assets
- $213.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 54-1607447
Organization Overview
Tidewater Mortgage Bankers Association Inc is located in Chesapeake, VA. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Mortgage Bankers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Tidewater Mortgage Bankers Association Inc generated $70.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $75.1k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OFFERS MEMBERS AN OPPORTUNITY TO PARTICIPATE IN MEETINGS RELATING TO CURRENT ISSUES FACING THE MORTGAGE BANKING PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Sager President | 1 | $0 | |
Brian Hill President El | 1 | $0 | |
Sarah Stedfast Secretary | 1 | $0 | |
Patrick Steele Treasurer | 1 | $0 | |
Ray Gunter Director | 1 | $0 | |
Brandon Ramsey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,719 |
| Membership dues | $8,800 |
| Investment income | $3,054 |
| Gain or Loss | -$38 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,535 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,050 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,087 |
| Total expenses | $75,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,648 |
| Other assets | $0 |
| Total assets | $213,094 |
| Total liabilities | $43,324 |
| Net assets or fund balances | $169,770 |