Massachusetts Mortgage Bankers Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042605504 ✦ Boston, MA ✦ Designated as a 501(c)(6)

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Overview

What is Massachusetts Mortgage Bankers Association?

The Massachusetts Mortgage Bankers Association is a Boston-based nonprofit organization situated at 185 Devonshire Street Suite 703, MA 02110. Its primary mission is to sponsor educational seminars related to the mortgage industry, aiming to address and solve various mortgage-related problems. With a team of two dedicated individuals, the association works tirelessly to promote learning and innovation within the mortgage sector.


Official website here: www.massmba.com

Is Massachusetts Mortgage Bankers Association legitimate?

Massachusetts Mortgage Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Mortgage Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,769

For more financial information, click here


Official website here: www.massmba.com

What is the mission statement of Massachusetts Mortgage Bankers Association?

The Massachusetts Mortgage Bankers Association is committed to sponsoring educational seminars related to the mortgage industry and striving to address mortgage-related issues. Their primary objective is to provide a platform for learning and problem-solving within the mortgage sector. By hosting these seminars, they aim to contribute to the advancement of knowledge and solutions in the field of mortgages. The association's activities are centered around fostering an environment that encourages the resolution of mortgage-related challenges.


Official website here: www.massmba.com

Who is the CEO of Massachusetts Mortgage Bankers Association?

Deborah Sousa is the Director of Massachusetts Mortgage Bankers Association.


Official website here: www.massmba.com

What is the revenue of Massachusetts Mortgage Bankers Association?

Massachusetts Mortgage Bankers Association's revenue in 2022 was $537,189.


Official website here: www.massmba.com

Who are the executives of Massachusetts Mortgage Bankers Association and what are their salaries?

The average compensation at Massachusetts Mortgage Bankers Association during 2022 was $89,884. There are 2 employees at Massachusetts Mortgage Bankers Association.


Here are 21 key members and their salaries:


Dawn Dawson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Guimarra (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Bellevance (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Antonellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kemple (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Blake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Caffee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Coveney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hogan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheri Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosemary O'Neill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Korn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kelleher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Roach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Potter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Hayes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shanika Rogowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Tocci (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Wilkinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Sousa (Executive Director)
  • Compensation: $87,500
  • Related: $0
  • Other: $0
Barbara Yanke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.massmba.com

Where can I find the form 990 for Massachusetts Mortgage Bankers Association?

Massachusetts Mortgage Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.massmba.com

Learn more at the official website: www.massmba.com

Mission Statement of Massachusetts Mortgage Bankers Association

The Massachusetts Mortgage Bankers Association, as an organization, is committed to sponsoring educational seminars related to the mortgage industry. Their primary objective is to address and attempt to resolve mortgage-related problems. By hosting these educational events, they aim to contribute to the growth and development of the mortgage sector, while simultaneously working towards finding solutions to the challenges it faces. The association's activities are geared towards benefiting the mortgage industry as a whole, by providing a platform for the exchange of ideas, knowledge, and best practices.

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Impact




October, 2024

The Massachusetts Mortgage Bankers Association (MMBA) significantly impacts the mortgage industry by sponsoring educational seminars and addressing mortgage-related challenges. By providing ongoing education, the MMBA enhances the knowledge and skills of professionals in the industry, ultimately fostering a more informed and effective workforce. This educational focus helps ensure that mortgage bankers stay updated on industry regulations, market trends, and best practices, which is vital for maintaining the integrity and efficiency of the mortgage process.

Additionally, the MMBA plays a crucial role in problem-solving within the industry. By attempting to tackle mortgage-related issues, the association promotes collaboration and innovation, leading to better solutions that benefit both lenders and borrowers. Their initiatives support community improvement by ensuring that the mortgage industry operates smoothly and transparently, ultimately contributing to homeownership opportunities and economic stability in Massachusetts.




This information is meant to be a general summary of Massachusetts Mortgage Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$537,189 (2022)
Expenses
$653,855 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,725
  • Program Service Revenue: $413,054
  • Gross Receipts: $537,189

Assets and Liabilities:

  • Total Assets: $997,341
  • Total Liabilities: $480,894
  • Net Assets: $516,447

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCE INCOME

Revenue

$376,054

CORPORATE ADVISORY

Revenue

$25,000

Organization Details

Founding Year

1976

Principal Officer

Deborah Sousa

Main Address

185 DEVONSHIRE STREET SUITE 703, BOSTON, MA, 02110

NTEE Category

Code: S41 - Community improvement

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