Tidewater Mortgage Bankers Association Inc
- Assets
- $214.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 01/1993
- Data as of
- 12/2021
- 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 12/2021, Tidewater Mortgage Bankers Association Inc generated $64.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $61.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Darlene Kemp President | 1 | $0 | |
Roger Garrett Secretary | 1 | $0 | |
Mike Grunwald President-El | 1 | $0 | |
Steve Sager Treasurer | 1 | $0 | |
Ray Gunter Director | 1 | $0 | |
Dan Fowler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,181 |
| Membership dues | $9,750 |
| Investment income | $7,098 |
| Gain or Loss | $502 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,531 |
| 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 | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,844 |
| Total expenses | $61,794 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $199,316 |
| Other assets | $0 |
| Total assets | $214,127 |
| Total liabilities | $20,770 |
| Net assets or fund balances | $193,357 |
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