Mortgage Bankers Association Of Florida
- Assets
- $111.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1959
- Data as of
- 06/2024
- EIN
- 59-1029259
Organization Overview
Mortgage Bankers Association Of Florida is located in Memphis, TN. 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 06/2024, Mortgage Bankers Association Of Florida generated $180.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $159.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
1. HELD TWO SUCCESSFUL LO SUMMITS IN SPRING AND FALL WITH CLOSE 100 ATTENDEES.2. CONTINUE TO HAVE STRONG VOICE FOR THE MORTGAGE INDUSTRY IN TALLAHASSEE WITH OUR LOBBYIST, ERIC PRUTSMAN.3. HAD AN OUTSTANDING ANNUAL CONVENTION AND SECONDARY CONFERENCE IN JUNE 2024 WITH 150+ ATTENDEES AND MOTIVATING SPEAKERS AND PANELISTS.4. FOR THE FIRST TIME, HAD A PRESIDENT THAT IS A TOP 1% PRODUCING LOAN OFFICER.5. SUCCESSFUL FIRST YEAR WITH A NEW ASSOCIATION MANAGER, CONFLUENT STRATEGIES, FOR ASSOCIATION MANAGEMENT. THIS WAS A LARGE UNDERTAKING AND MAJOR ACCOMPLISHMENT.6. INSTALLED AN AWESOME NEW BOARD FOR 2024-2025 WITH A NEW PRESIDENT OF THE MBA OF FLORIDA-SHERRY WEINRICH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Clermont Cmb Amp President | 2 | $0 | |
Sherry Wenrich President Elect | 2 | $0 | |
Robert Villalon Vice President | 2 | $0 | |
Timothy Bazell Treasurer | 2 | $0 | |
Bob Niemi Cmb 2vice President | 2 | $0 | |
Caitlin Guerra Executive Dir. | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $134,924 |
| Membership dues | $45,700 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $180,625 |
| 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 | $73,545 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $65 |
| Other expenses | $85,630 |
| Total expenses | $159,240 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,298 |
| Other assets | $0 |
| Total assets | $111,305 |
| Total liabilities | $15,250 |
| Net assets or fund balances | $96,055 |