Overview
What is National Association Of Minority Mortgag?
The National Association of Minority Mortgage Bankers of America (NAMMBA) is a prominent national organization, located in Orlando, Florida. Their primary mission is to uplift and improve the professional lives of women and minority individuals within the real estate finance sector. NAMMBA achieves this by offering educational scholarships to undergraduate students majoring in Banking and Financial Services and promoting diversity and awareness within the mortgage industry. This initiative has significantly contributed to the career growth of numerous members. With a team of seven dedicated employees, NAMMBA continues to advocate for and support the enrichment and advancement of its members.
Official website here: www.nammba.org
Is National Association Of Minority Mortgag legitimate?
National Association Of Minority Mortgag is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Association Of Minority Mortgag 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: $137,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $653,814
For more financial information, click here
Official website here: www.nammba.org
What is the mission statement of National Association Of Minority Mortgag?
The National Association of Minority Mortgage Bankers of America (NAMMBA) serves as a national trade organization, committed to improving and elevating the prospects of women and minorities within the real estate finance sector. Their mission is centered around enriching and bettering the lives of these individuals, fostering an environment of growth and advancement. NAMMBA has implemented initiatives such as offering scholarships to undergraduate students majoring in Banking and Financial Services, and promoting diversity and awareness within the Mortgage Industry, resulting in notable career progressions for its members.
Official website here: www.nammba.org
Who is the CEO of National Association Of Minority Mortgag?
James Thompson Iii is the Treasurer of National Association Of Minority Mortgag.
Official website here: www.nammba.org
What is the revenue of National Association Of Minority Mortgag?
National Association Of Minority Mortgag's revenue in 2022 was $1,439,262.
Official website here: www.nammba.org
Who are the executives of National Association Of Minority Mortgag and what are their salaries?
The average compensation at National Association Of Minority Mortgag during 2022 was $113,045. There are 7 employees at National Association Of Minority Mortgag.
Here are 5 key members and their salaries:
- Compensation: $77,500
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nammba.org
Where can I find the form 990 for National Association Of Minority Mortgag?
National Association Of Minority Mortgag's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nammba.org
Learn more at the official website: www.nammba.org
Mission Statement of National Association Of Minority Mortgag
The National Association of Minority Mortgage Bankers (NAMMBA) serves as a national trade association, with a mission centered around enhancing and uplifting women and minorities who are part of the real estate finance industry. NAMMBA's objective is to foster growth and improvement within this sector, particularly for underrepresented groups.
One of the ways NAMMBA achieves its mission is by offering scholarships to undergraduate students majoring in Banking and Financial Services. These scholarships not only provide financial assistance but also contribute to the development of a diverse workforce in the mortgage industry. Additionally, NAMMBA has successfully promoted diversity and awareness within the industry, leading to increased opportunities for career advancement for its members.
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Impact
October, 2024
The National Association of Minority Mortgage Bankers of America (NAMMBA) plays a crucial role in advancing diversity and inclusivity within the real estate finance industry. By focusing on the enrichment and betterment of women and minorities, NAMMBA fosters a more equitable environment that encourages professional growth and career advancement for its members.
Through initiatives such as scholarship programs for undergraduate students in Banking and Financial Services, NAMMBA actively invests in the education and development of the next generation of leaders in the mortgage industry. These efforts not only create opportunities for individuals from underrepresented backgrounds but also contribute to a more diverse workforce, which is essential for reflecting the communities served by the mortgage industry.
Furthermore, NAMMBA’s commitment to raising awareness about diversity issues has led to significant improvements in cultural competency within the sector. This increased awareness translates into more inclusive hiring practices and promotional opportunities, ultimately benefiting the entire industry by enhancing its ability to serve a diverse clientele effectively. The impact of NAMMBA extends beyond individual careers; it strengthens the foundational fabric of the real estate finance industry, making it more responsive to the needs of a diverse society.
This information is meant to be a general summary of National Association Of Minority Mortgag. 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 2022.
- Program Service Revenue: $1,439,262
- Gross Receipts: $1,439,262
Assets and Liabilities:
- Total Assets: $483,649
- Total Liabilities: $0
- Net Assets: $483,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Income
Revenue
$1,102,607
Sponsorship Income
Revenue
$336,655
Organization Details
Founding Year
2016
Phone
(980) 722-8079Principal Officer
James Thompson Iii
Main Address
PO Box 691016, Orlando, FL, 32819
Website
www.nammba.orgNTEE Category
Code: S40 - Community improvement
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