Rhode Island Mortgage Bankers Assoc Inc

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

EIN: 050425705 ✦ Providence, RI ✦ Designated as a 501(c)(6)

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Overview

What is Rhode Island Mortgage Bankers Assoc Inc?

Rhode Island Mortgage Bankers Assoc Inc is a nonprofit organization that advocates for the mortgage banking sector, emphasizing ethical conduct and responsible business practices. They accomplish this by organizing events, delivering educational seminars, and collaborating with legislators to evaluate potential legislation, thereby contributing positively to the industry's growth and development.


Official website here: www.rimba.org

Is Rhode Island Mortgage Bankers Assoc Inc legitimate?

Rhode Island Mortgage Bankers Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rhode Island Mortgage Bankers Assoc Inc submitted a form 990EZ, 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: $0

For more financial information, click here


Official website here: www.rimba.org

What is the mission statement of Rhode Island Mortgage Bankers Assoc Inc?

The Rhode Island Mortgage Bankers Association, in its mission, works towards promoting the mortgage banking industry and upholding ethical business practices within it. They accomplish this by organizing meetings, delivering educational seminars, and collaborating with legislators to scrutinize proposed legislation. By doing so, they aim to foster a responsible and effective mortgage banking sector.


Official website here: www.rimba.org

What is the revenue of Rhode Island Mortgage Bankers Assoc Inc?

Rhode Island Mortgage Bankers Assoc Inc's revenue in 2023 was $121,970.


Official website here: www.rimba.org

Who are the executives of Rhode Island Mortgage Bankers Assoc Inc and what are their salaries?

Here are 14 key members and their salaries:


Benjamin Pettit (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Grant (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Fleming (Exec Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Currie (First Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James H Hahn (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Farrell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dolbec (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Imondi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Hanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter C Pagonis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Viera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Zickendrath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samia Demarco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rimba.org

Where can I find the form 990EZ for Rhode Island Mortgage Bankers Assoc Inc?

Rhode Island Mortgage Bankers Assoc Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.rimba.org

Learn more at the official website: www.rimba.org

Mission Statement of Rhode Island Mortgage Bankers Assoc Inc

Rhode Island Mortgage Bankers Assoc Inc is dedicated to fostering the growth and advancement of the mortgage banking sector in a responsible and ethical manner. They accomplish this by hosting events, delivering educational seminars, and collaborating with legislators in evaluating potential legislation. The association's primary objective is to promote the mortgage banking industry, ensuring adherence to ethical standards within the industry. By sponsoring gatherings and providing educational resources, they aim to maintain a high level of professionalism and integrity within the sector. Furthermore, they engage with legislators to review proposed legislation, ensuring that the interests of the mortgage banking industry are represented and protected.

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Impact




October, 2024

The Rhode Island Mortgage Bankers Association plays a crucial role in enhancing the mortgage banking industry within the state. By sponsoring meetings and presenting educational seminars, the association fosters a culture of continuous learning and professionalism among its members. This focus on education helps ensure that industry practices align with ethical standards and sound business principles, ultimately benefiting both consumers and the marketplace.

Moreover, the association actively engages with legislators to influence and review proposed legislation, advocating for policies that support responsible mortgage practices. This involvement not only shapes the regulatory landscape but also promotes awareness of the industry's significance to the state’s economy. Through these efforts, the Rhode Island Mortgage Bankers Association contributes to community improvement and the overall stability of the housing market in Rhode Island.




This information is meant to be a general summary of Rhode Island Mortgage Bankers Assoc Inc. 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
$121,970 (2023)
Expenses
$129,508 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $27
  • Program Service Revenue: $20,429
  • Gross Receipts: $175,404

Assets and Liabilities:

  • Total Assets: $95,460
  • Total Liabilities: $31,859
  • Net Assets: $63,601

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Organization Details

Principal Officer

Benjamin Pettit

NTEE Category

Code: S41 - Community improvement

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