National Association Of Minority Mortgage Bankers Of America Inc

Organization Overview

National Association Of Minority Mortgage Bankers Of America Inc is located in Orlando, FL. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, National Association Of Minority Mortgage Bankers Of America Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Minority Mortgage Bankers Of America 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 12/2022, National Association Of Minority Mortgage Bankers Of America Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 47.0% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE NATIONAL ASSOCIATION OF MINORITY MORTGAGE BANKERS OF AMERICA NAMMBA IS A NATIONAL TRADE ASSOCIATION DEDICATED TO THE ENRICHMENT AND BETTERMENT OF WOMEN AND MINORITIES WHO WORK IN THE REAL ESTATE FINANCE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NATIONAL ASSOCIATION OF MINORITY MORTGAGE BANKERS OF AMERICA NAMMBA IS A NATIONAL TRADE ASSOCIATION DEDICATED TO THE ENRICHMENT AND BETTERMENT OF WOMEN AND MINORITIES WHO WORK IN THE REAL ESTATE FINANCE INDUSTRY. NAMMBA AWARDED SCHOLARSHIPS TO UNDERGRADUATE STUDENTS CURRENTLY ENROLLED IN BANKING AND FINANCIAL SERVICES MAJORS AND, NAMMBA SUCCESSFULLY CREATED DIVERSITY AND AWARENESS IN THE MORTGAGE INDUSTRY THAT RESULTED IN CAREER ADVANCEMENT FOR MANY OF OUR MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Yolanda Thompson
Treasurer
$77,500
James Thompson III
President
$60,000
Lathan Turner
Secretary
$0
Desmond Smith
Director
$0
Stephen Templeton
Director
$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$1,439,262
Investment income $0
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 $1,439,262

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