Mortgage Bankers Association Of Florida
- Assets
- $104.2k
- Revenue
- $232.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/1959
- Data as of
- 06/2022
- EIN
- 59-1029259
Organization Overview
Mortgage Bankers Association Of Florida is located in Orlando, FL. The organization was established in 1959. 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. Mortgage Bankers Association Of Florida 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 06/2022, Mortgage Bankers Association Of Florida generated $232.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $207.1k during the year ending 06/2022. 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
THE MORTGAGE BANKERS ASSOCIATION OF FLORIDA MBAF HAS INTEGRATED THE STATES DIVERSE REAL ESTATE FINANCE INDUSTRY INTO A UNIFIED SERVICE ORGANIZATION PROMOTING SOUND AND ETHICAL BUSINESS PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELD OUR EASTERN SECONDARY MARKET CONFERENCE AND ANNUAL CONVENTION JUNE 22-24, 2022, THE HYATT REGENCY GRAND CYPRESS, ORLANDO, FLORIDA. WE HAVE THE SECONDARY CONFERENCE TO BRING TOGETHER THOSE WITH INTEREST IN THE SECONDARY MARKET THAT INCLUDES ECONOMIC UPDATES, INVESTMENTS, QM, NON QM, SERVICING, MI, CAPITAL MARKETS, ETC. THE CONFERENCE IS STRICTLY FOR EDUCATION WITH A TRADE SHOW OF ABOUT 25 VENDORS TO PROVIDE TIME TO SHOWCASE THEIR PROGRAMS AND PRODUCTS. WE INCLUDE NETWORKING TIME FOR THE ATTENDEES. DURING THE ANNUAL CONVENTION PORTION, WE CONDUCT THE BUSINESS OF THE ASSOCIATION AND ELECT THE OFFICERS. THE ATTENDANCE ARE THE ASSOCIATION MEMBERS, NON-MEMBERS WITH INTEREST IN THE SUCCESS OF THE MORTGAGE BANKING INDUSTRY. AT THE BUSINESS MEETING WE PROVIDE ASSOCIATION ACTIVITY REPORTS FROM THE COMMITTEES, INCLUDING THE TREASURER PROVIDING A FINANCIAL OVERVIEW. WE ALSO PROVIDE TWO DAYS OF EDUCATIONAL SESSIONS / CLASSES RELEVANT TO THE INDUSTRY AND CAN ALSO POSSIBLY HAVE A MOTIVATIONAL PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Thomas Executive Dir. | Officer | 55 | $60,000 |
Yvette Clermont Cmb Amp Vice President | Trustee | 2 | $0 |
Sherry Wenrich Treasurer | Trustee | 2 | $0 |
Michelle Knoebel Cmb President | Trustee | 2 | $0 |
Doug Leever President Elect | Trustee | 2 | $0 |
Robert Villalon Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $230,855 |
| Investment income | $1 |
| 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 | $231,991 |
| 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 | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,004 |
| All other expenses | $9,142 |
| Total functional expenses | $207,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,939 |
| Savings and temporary cash investments | $10,229 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,168 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $34,565 |
| 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 | $34,565 |
| Net assets without donor restrictions | $69,603 |
| 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 | $104,168 |
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