Overview
What is Connecticut Mortgage Bankers Association Inc?
The Connecticut Mortgage Bankers Association Inc. is a nonprofit organization situated in New Britain, Connecticut. With a modest workforce of three individuals, this association serves as a trade hub for mortgage bankers, brokers, and related entities operating within the state. Its primary objective is to bolster the well-being of the mortgage lending industry and associated providers in Connecticut. By conducting seminars on industry-specific regulations and hosting networking events, the association aims to provide valuable insights and opportunities for its members. Moreover, the Connecticut Mortgage Bankers Association Inc. also supports its members' legislative needs, acting as a significant voice in shaping policies that impact the mortgage sector in the state.
Official website here: www.cmba.org
Is Connecticut Mortgage Bankers Association Inc legitimate?
Connecticut Mortgage Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Connecticut Mortgage Bankers Association Inc 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: $100,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cmba.org
What is the mission statement of Connecticut Mortgage Bankers Association Inc?
The Connecticut Mortgage Bankers Association Inc serves as a leading organization, offering guidance and education to mortgage bankers, brokers, and related companies operating within the state. Their mission is primarily focused on enhancing the well-being of the mortgage lending industry in Connecticut. They achieve this by advocating for their members' legislative needs and facilitating a platform for networking within the industry. Additionally, the association organizes seminars to discuss regulations and other pertinent topics related to the field, providing valuable insights to its members.
Official website here: www.cmba.org
What is the revenue of Connecticut Mortgage Bankers Association Inc?
Connecticut Mortgage Bankers Association Inc's revenue in 2024 was $197,984.
Official website here: www.cmba.org
Who are the executives of Connecticut Mortgage Bankers Association Inc and what are their salaries?
The average compensation at Connecticut Mortgage Bankers Association Inc during 2024 was $33,645. There are 3 employees and 48 volunteers at Connecticut Mortgage Bankers Association Inc.
Here are 19 key members and their salaries:
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Official website here: www.cmba.org
Where can I find the form 990 for Connecticut Mortgage Bankers Association Inc?
Connecticut Mortgage Bankers Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cmba.org
Learn more at the official website: www.cmba.org
Mission Statement of Connecticut Mortgage Bankers Association Inc
Connecticut Mortgage Bankers Association, as a leading trade association, is dedicated to providing guidance and direction for mortgage bankers, brokers, and any related companies operating within the state. The primary objective of this organization is to advocate for the well-being of the mortgage lending industry in Connecticut. To achieve this, the association conducts seminars on various industry-related topics, including regulations, thereby ensuring that its members stay updated and compliant with the latest industry standards. Additionally, Connecticut Mortgage Bankers Association fosters networking opportunities within its industry, providing a platform for its members to connect and collaborate. The association's mission is to support the legislative needs of its members, ensuring a favorable regulatory environment for the mortgage lending industry in Connecticut.
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Impact
October, 2024
Connecticut Mortgage Bankers Association Inc plays a pivotal role in the state's mortgage lending landscape by providing leadership, direction, and education to professionals in the industry. It unites mortgage bankers, brokers, and related companies, fostering a collaborative environment that enhances the overall effectiveness and professionalism of the sector.
The association actively supports its members by addressing legislative needs and advocating for policies that benefit the lending industry. Through various educational seminars covering regulations and other industry-related topics, it empowers members with knowledge and insights crucial for navigating the evolving market dynamics.
Moreover, the organization serves as a vital networking platform, enabling members to connect, share best practices, and cultivate relationships that can lead to business opportunities and innovations in the mortgage industry. By promoting the welfare of the mortgage lending sector and enhancing collaboration among key stakeholders, Connecticut Mortgage Bankers Association Inc significantly contributes to the growth and stability of the state's financial services landscape.
This information is meant to be a general summary of Connecticut Mortgage Bankers Association 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $147,609
- Gross Receipts: $197,984
Assets and Liabilities:
- Total Assets: $93,606
- Total Liabilities: $4,893
- Net Assets: $88,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Events
Revenue
$14,735
Conferences and Networking
Revenue
$82,005
Golf Outing
Revenue
$16,869
Corporate Sponsorship
Revenue
$34,000
Organization Details
Founding Year
1984
Principal Officer
Denise Derosier
Website
www.cmba.orgNTEE Category
Code: S41 - Community improvement
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