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Massachusetts Mortgage Bankers Foundation Inc

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

EIN: 201367183 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Massachusetts Mortgage Bankers Foundation Inc?

The Massachusetts Mortgage Bankers Foundation, situated in Boston, MA, is a dedicated nonprofit organization that advocates for and fosters affordable housing within the Commonwealth of Massachusetts. By offering financial assistance, they support various community development organizations in the Greater Boston area, specifically those that are tax-exempt entities. Their primary objective is to promote and educate on affordable housing, providing cash-based grants without establishing a long-term relationship with the grantees. This foundation's mission is to contribute positively to the housing landscape of Massachusetts.


Official website here: www.massmba.com

What do the Facebook reviews say about Massachusetts Mortgage Bankers Foundation Inc?

98% of 7 reviewers on Facebook recommend the Massachusetts Mortgage Bankers Foundation Inc. Here's a summary of their reviews:

Many users express strong support for the foundation, highlighting its significant impact on mortgage and real estate professionals throughout the Commonwealth. The knowledge and resources provided by the organization are viewed as invaluable, with reviewers noting the benefits of being connected to such a supportive network.

Overall, the sentiment is overwhelmingly positive, with users appreciating the expertise and assistance the foundation offers to enhance their professional development within the industry.


This AI summary has been generated from reviews found on Facebook.

Is Massachusetts Mortgage Bankers Foundation Inc legitimate?

Massachusetts Mortgage Bankers Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Mortgage Bankers Foundation 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.


Official website here: www.massmba.com

What is the mission statement of Massachusetts Mortgage Bankers Foundation Inc?

The Massachusetts Mortgage Bankers Foundation's mission is centered around promoting and educating affordable housing within their respective community. They achieve this objective by providing funding to various community development organizations. The focus of their programs is on educating and advocating for affordable housing. It's important to note that the grants provided by this foundation are in the form of cash and do not establish a formal grantee relationship. This foundation operates independently, although the information provided does not specify its exact location.


Official website here: www.massmba.com

Who is the CEO of Massachusetts Mortgage Bankers Foundation Inc?

Douglas Smith is the President of Massachusetts Mortgage Bankers Foundation Inc.


Official website here: www.massmba.com

What is the revenue of Massachusetts Mortgage Bankers Foundation Inc?

Massachusetts Mortgage Bankers Foundation Inc's revenue in 2022 was $16,911.


Official website here: www.massmba.com

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


Here are 12 key members and their salaries:


Douglas Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denny Bey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Sousa (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mounzer Aylouche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Tocci (Director/Mmba Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Fraser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Langley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Laureanno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Nardi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sinclairr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Skerritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samia Demarco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.massmba.com

Where can I find the form 990EZ for Massachusetts Mortgage Bankers Foundation Inc?

Massachusetts Mortgage Bankers Foundation Inc's most recent form 990EZ 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 Foundation Inc

The Massachusetts Mortgage Bankers Foundation, an organization based in the field of affordable housing, is committed to promoting and educating this concept within the Commonwealth of Massachusetts. Their primary mission involves providing financial assistance to various community development organizations situated in the Greater Boston area. These funds are specifically intended for tax-exempt entities, with the aim of supporting their initiatives towards affordable housing. The foundation's activities are centered around advocating for and promoting affordable housing, without establishing a formal relationship with the grantees through these funds. Instead, the Massachusetts Mortgage Bankers Foundation provides cash-based grants, contributing to the broader goal of making housing more accessible for individuals and families in need.

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Impact




August, 2024

The Massachusetts Mortgage Bankers Foundation Inc's impact is centered on promoting and educating affordable housing within the Commonwealth of Massachusetts. By providing funding to various community development organizations in the Greater Boston area, they support tax-exempt entities dedicated to addressing housing needs. Their programs focus on educating and promoting affordable housing initiatives. This organization, located in Boston, MA, plays a crucial role in fostering accessible and sustainable housing options for individuals and families in the region.




This information is meant to be a general summary of Massachusetts Mortgage Bankers Foundation 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
$16,911 (2022)
Expenses
$10,900 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11
  • Gross Receipts: $16,911

Assets and Liabilities:

  • Total Assets: $348,398
  • Total Liabilities: $10,100
  • Net Assets: $338,298

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Organization Details

Principal Officer

Douglas Smith

Main Address

185 DEVONSHIRE STREET SUITE 703, BOSTON, MA, 02110

NTEE Category

Code: T30 - Philanthropy

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