Overview
What is Colorado Mortgage Lenders Association?
The Colorado Mortgage Lenders Association (CMLA) is a nonprofit organization located at 8400 E Crescent PKWY 600, Greenwood Village, CO 80112. Its primary mission is to promote responsible homeownership by fostering integrity-based lending practices within the mortgage industry. The association offers education, representation, and networking opportunities to its members, ensuring they adhere to the highest ethical standards. Additionally, CMLA monitors legislative developments and addresses industry-specific problems through task forces. With a relatively small workforce of 4 individuals, the organization serves its community by advocating for free enterprise and contributing to the growth of the mortgage lending sector in Colorado.
Official website here: www.cmla.com
Is Colorado Mortgage Lenders Association legitimate?
Colorado Mortgage Lenders Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Colorado Mortgage Lenders 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
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Other Salaries and Wages: $205,488
For more financial information, click here
Official website here: www.cmla.com
What is the mission statement of Colorado Mortgage Lenders Association?
The Colorado Mortgage Lenders Association is an organization dedicated to promoting responsible homeownership. They achieve this by embracing integrity-based lending practices. The association serves its community through effective education, principled representation, and gracious networking. These efforts aim to foster free enterprise and uphold the highest ethical standards within the mortgage lending industry.
Official website here: www.cmla.com
What is the revenue of Colorado Mortgage Lenders Association?
Colorado Mortgage Lenders Association's revenue in 2023 was $560,797.
Official website here: www.cmla.com
Who are the executives of Colorado Mortgage Lenders Association and what are their salaries?
The average compensation at Colorado Mortgage Lenders Association during 2023 was $68,496. There are 3 employees at Colorado Mortgage Lenders Association.
Here are 43 key members and their salaries:
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Official website here: www.cmla.com
Where can I find the form 990 for Colorado Mortgage Lenders Association?
Colorado Mortgage Lenders Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cmla.com
Learn more at the official website: www.cmla.com
Mission Statement of Colorado Mortgage Lenders Association
The Colorado Mortgage Lenders Association, a renowned organization, is dedicated to promoting responsible homeownership. They achieve this goal by advocating for integrity-based lending practices. This association serves its community effectively through three key strategies: education, principled representation, and gracious networking. By fostering these aspects, the Colorado Mortgage Lenders Association strives to uphold the principles of free enterprise and maintain the highest ethical standards within the mortgage lending industry.
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Impact
October, 2024
The Colorado Mortgage Lenders Association (CMLA) significantly influences the mortgage lending landscape in Colorado by promoting responsible homeownership through integrity-based lending practices. Its commitment to effective education empowers members with vital industry knowledge, ensuring informed decision-making and ethical standards in lending.
CMLA fosters networking opportunities, facilitating connections among industry professionals that enhance collaboration and problem-solving. By monitoring legislation, it keeps members informed about regulatory changes, enabling them to navigate complexities with confidence. This proactive engagement helps to advance free enterprise while maintaining the highest ethical standards in the mortgage lending industry.
Overall, CMLA’s initiatives contribute to a more informed and responsible mortgage lending environment, supporting community improvement and enhancing the overall homeownership experience for residents in Colorado.
This information is meant to be a general summary of Colorado Mortgage Lenders 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,016
- Program Service Revenue: $339,494
- Gross Receipts: $572,801
Assets and Liabilities:
- Total Assets: $518,058
- Total Liabilities: $178,018
- Net Assets: $340,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORUM REVENUE
Revenue
$188,429
CONVENTION REVENUE
Revenue
$82,221
LENDERS FAIR
Revenue
$47,786
LUNCHEON REVENUE
Revenue
$17,314
MORTGAGE LEADERSHIP PR
Revenue
$3,600
Organization Details
Founding Year
1956
Principal Officer
Rod Shuster
Website
www.cmla.comNTEE Category
Code: S41 - Community improvement
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