Mortgage Bankers Association Of Northeastern New York

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

EIN: 222570379 ✦ Latham, NY ✦ Designated as a 501(c)(6)

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Overview

What is Mortgage Bankers Association Of Northeastern New York?

The Mortgage Bankers Association of Northeastern New York is a nonprofit organization dedicated to keeping its members informed about modifications in federal and state regulations pertaining to banking. They achieve this through regular monthly meetings, where they share updates on federal and state banking regulations. The organization's primary objective is to educate members about these changes, ensuring they remain compliant with the latest regulations. Their income is generated from various sources, all of which contribute to this mission. In essence, the Mortgage Bankers Association of Northeastern New York serves as a vital resource for its members, providing them with timely and relevant information about banking regulations.


Official website here: www.mbaneny.com

Is Mortgage Bankers Association Of Northeastern New York legitimate?

Mortgage Bankers Association Of Northeastern New York is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mortgage Bankers Association Of Northeastern New York 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.mbaneny.com

What is the mission statement of Mortgage Bankers Association Of Northeastern New York?

The Mortgage Bankers Association of Northeastern New York's mission is centered around educating its members about changes in both federal and state banking regulations. The organization achieves this through regular monthly meetings, where they provide in-depth information on these regulatory updates. Their primary income sources support this core activity. In essence, the association serves to inform and educate its members about the intricacies of federal and state banking regulations, thereby equipping them with the necessary knowledge to navigate the industry effectively.


Official website here: www.mbaneny.com

Who is the CEO of Mortgage Bankers Association Of Northeastern New York?

Elizabeth Cheney is the President of Mortgage Bankers Association Of Northeastern New York.


Official website here: www.mbaneny.com

What is the revenue of Mortgage Bankers Association Of Northeastern New York?

Mortgage Bankers Association Of Northeastern New York's revenue in 2022 was $5,578.


Official website here: www.mbaneny.com

Who are the executives of Mortgage Bankers Association Of Northeastern New York and what are their salaries?


Here are 4 key members and their salaries:


Elizabeth Cheney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Senecal (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Allerton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Beauregard (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mbaneny.com

Where can I find the form 990EZ for Mortgage Bankers Association Of Northeastern New York?

Mortgage Bankers Association Of Northeastern New York's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.mbaneny.com

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

Mission Statement of Mortgage Bankers Association Of Northeastern New York

The Mortgage Bankers Association of Northeastern New York, in its mission, aims to enlighten its members about the evolving landscape of federal and state banking regulations. This organization conducts regular monthly meetings to serve this purpose, ensuring its members are well-informed about any changes in these regulations. The association's activities are primarily funded through various income sources, and its primary goal is to educate members about the intricacies of federal and state legislation affecting the banking sector. By doing so, the Mortgage Bankers Association of Northeastern New York empowers its members to navigate this complex regulatory environment with confidence and expertise.

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Impact




October, 2024

The Mortgage Bankers Association of Northeastern New York plays a crucial role in the local banking industry by keeping its members informed about evolving federal and state regulations. By holding monthly meetings, the organization provides a platform for education and discussion, ensuring that mortgage bankers remain compliant and can adapt to regulatory changes effectively. This proactive approach not only enhances the knowledge and practices of its members but also contributes to the stability and integrity of the local financial sector. Overall, the association fosters a stronger, more informed community, ultimately benefiting both its members and the broader community.




This information is meant to be a general summary of Mortgage Bankers Association Of Northeastern New York. 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
$5,578 (2022)
Expenses
$10,147 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $26,525

Assets and Liabilities:

  • Total Assets: $18,368
  • Total Liabilities: $0
  • Net Assets: $18,368

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Organization Details

Principal Officer

Elizabeth Cheney

Main Address

PO Box 1092, Latham, NY, 12110

NTEE Category

Code: S41 - Community improvement

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