Mortgage Bankers Association Of Metropolitan Washington

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

EIN: 526051846 ✦ Falls church, VA ✦ Designated as a 501(c)(6)

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Overview

What is Mortgage Bankers Association Of Metropolitan Washington?

The Mortgage Bankers Association of Metropolitan Washington is a nonprofit organization situated in Falls Church, Virginia. Its primary mission is to promote excellence among real estate finance professionals, advocate for its members, and encourage fair and ethical lending practices. To achieve this, the association conducts various events, such as specialized residential and commercial seminars, joint activities like a kickoff dinner, golf outing, annual meeting, and a holiday event. These events aim to strengthen the members' abilities to manage their businesses effectively.


Official website here: www.mbamw.org

Is Mortgage Bankers Association Of Metropolitan Washington legitimate?

Mortgage Bankers Association Of Metropolitan Washington is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mortgage Bankers Association Of Metropolitan Washington 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mbamw.org

What is the mission statement of Mortgage Bankers Association Of Metropolitan Washington?

The Mortgage Bankers Association of Metropolitan Washington aims to cultivate excellence among real estate finance professionals. This organization advocates for its members and champions fair and ethical lending practices. Additionally, it strives to enhance its members' abilities to manage their businesses effectively. The association accomplishes this through various initiatives, including educational seminars, joint events, and networking opportunities. These activities not only help professionals improve their skills but also foster a collaborative environment within the industry.


Official website here: www.mbamw.org

Who is the CEO of Mortgage Bankers Association Of Metropolitan Washington?

Debra Goldstein is the President of Mortgage Bankers Association Of Metropolitan Washington.


Official website here: www.mbamw.org

What is the revenue of Mortgage Bankers Association Of Metropolitan Washington?

Mortgage Bankers Association Of Metropolitan Washington's revenue in 2022 was $177,194.


Official website here: www.mbamw.org

Who are the executives of Mortgage Bankers Association Of Metropolitan Washington and what are their salaries?


Here are 20 key members and their salaries:


Dave Rotell (Chairman)
  • Compensation: $0
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Debra Goldstein (President)
  • Compensation: $0
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  • Other: $0
Mark Deitz (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Whittier (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Canellis (Governor)
  • Compensation: $0
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  • Other: $0
David Redmond (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Shields (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sober (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Baker (Governor)
  • Compensation: $0
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  • Other: $0
Joel Bisaillon Jr (Governor)
  • Compensation: $0
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  • Other: $0
Charlie Crowe (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krista Ellis (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramez Fahmy (Governor)
  • Compensation: $0
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  • Other: $0
Sarah Grabarz (Governor)
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David Latimer (Treasurer)
  • Compensation: $0
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  • Other: $0
Richelle Lynch (Governor)
  • Compensation: $0
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  • Other: $0
John Pyne (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margie Rhodes (Governor)
  • Compensation: $0
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  • Other: $0
Claudia Rossi (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Schnippel (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mbamw.org

Where can I find the form 990 for Mortgage Bankers Association Of Metropolitan Washington?

Mortgage Bankers Association Of Metropolitan Washington's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mbamw.org

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

Mission Statement of Mortgage Bankers Association Of Metropolitan Washington

Mortgage Bankers Association of Metropolitan Washington, abbreviated as MBA, is committed to fostering excellence among real estate finance professionals. Their mission extends beyond this, as they also advocate for their members and promote fair and ethical lending practices. Furthermore, MBA aims to strengthen its members' abilities to manage their businesses effectively. This multifaceted mission reflects MBA's dedication to supporting its members and upholding ethical standards within the real estate finance industry.

To achieve its objectives, MBA organizes various programs and seminars, both residential and commercial. These events serve as platforms for professionals to enhance their skills and knowledge, contributing to the overall excellence within the industry. MBA goes beyond mere educational events. For instance, they host joint activities such as a kickoff dinner for all members, a golf outing, and an annual meeting, fostering a sense of community among its members. These events not only provide opportunities for professional growth but also create a network of peers who can support one another in their careers.

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Impact




October, 2024

The Mortgage Bankers Association of Metropolitan Washington significantly impacts the real estate finance industry by enhancing the professionalism and effectiveness of its members. By fostering excellence among real estate finance professionals, the association promotes a culture of high standards and ethical practices within the field. This advocacy not only supports individual member businesses but also strengthens the overall integrity of the lending process.

Through various joint programs and seminars, including specialized training for both residential and commercial sectors, the association provides essential resources for skill development and knowledge sharing. Events such as the kickoff dinner, golf outing, annual meeting, and holiday gathering facilitate networking and collaboration among members, further enriching the professional community.

In promoting fair and ethical lending practices, the association ensures that its members are equipped to uphold these standards, which ultimately benefits consumers and contributes to the health of the broader housing and finance markets. Overall, their efforts lead to improved business management capabilities for members, resulting in a positive ripple effect across the community and the industry as a whole.




This information is meant to be a general summary of Mortgage Bankers Association Of Metropolitan Washington. 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
$177,194 (2022)
Expenses
$171,022 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,303
  • Program Service Revenue: $170,407
  • Gross Receipts: $210,408

Assets and Liabilities:

  • Total Assets: $365,849
  • Total Liabilities: $63,971
  • Net Assets: $301,878

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COMMERCIAL SEMINARS
COMPLIANCE ESSENTIALS REF
JOINT SEMINARS
Membership Dues & Assessments

Revenue

$75,461

RESIDENTIAL SEMINARS

Revenue

$94,946

Organization Details

Founding Year

1953

Principal Officer

Debra Goldstein

Main Address

200 LITTLE FALLS STREET 205, FALLS CHURCH, VA, 22046

NTEE Category

Code: S47 - Community improvement

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