2025-08-15T08:43:09-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-10-01 361505650 MORTGAGE BANKERS ASSOCIATION MORT 2025572700 1919 M STREET NW 5TH FL WASHINGTON DC 20036 ASTRID D VERMEER SVP & CFO 2025572700 2025-08-11 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-08-11 2023 2025-03-06 01:10:19Z ROBERT D BROEKSMIT 1919 M STREET NW 5TH FL WASHINGTON DC 20036 117114033 0 X WWW.MBA.ORG X 1914 IL MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY. 40 40 181 2000 648032 0 68631 83183 63652927 54554329 4301190 4418800 620735 595457 68643483 59651769 510600 419782 0 0 37474225 37542732 0 0 0 26548929 23994768 64533754 61957282 4109729 -2305513 167149281 174097655 54562124 51520447 112587157 122577208 X THE MORTGAGE BANKERS ASSOCIATION (MBA) IS THE NATIONAL ASSOCIATION REPRESENTING THE REAL ESTATE FINANCE INDUSTRY, AN INDUSTRY THAT EMPLOYS MORE THAN 280,000 PEOPLE IN VIRTUALLY EVERY COMMUNITY IN THE COUNTRY. HEADQUARTERED IN WASHINGTON, D.C., MBA INVESTS IN COMMUNITIES 0 0 MEETINGSMBA'S FISCAL YEAR 2024, ENDING SEPTEMBER 30, 2024, SAW MORE THAN 10,134 INDIVIDUAL ATTENDEES AT 14 CONFERENCES AND MEETINGS THAT PROVIDED ATTENDEES WITH TIMELY INFORMATION ABOUT THE ECONOMY, BUSINESS TRENDS, TECHNOLOGICAL INNOVATION AND LEGISLATIVE AND REGULATORY CHANGES AND PROSPECTS. THIS WAS A 2000 ATTENDEE IMPROVEMENT OVER FY2023. MBA CONDUCTED A SUCCESSFUL ANNUAL CONVENTION IN OCTOBER 2023 WITH 3369 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2024 IN SAN DIEGO WITH 2,221 ATTENDEES. SPONSORSHIPS FOR FY2024 SAW STRONG PARTICIPATION WITH 289 AND THE EXPO HAD 235 EXHIBITORS. IN ADDITION TO THE TWO LARGE CONVENTIONS EXPECTED FROM A MAJOR ASSOCIATION MENTIONED ABOVE, MBA USUALLY HOSTS 2 ADDITIONAL LARGE CONFERENCES AND EXPOS EACH YEAR (SERVICING SOLUTIONS CONFERENCE AND EXPO AND THE SECONDARY AND CAPITAL MARKETS CONFERENCE AND EXPO) AS WELL AS 10 MORE FINELY FOCUSED SPECIALIZED INTEREST CONFERENCES TO HELP PARTICIPANTS GAIN KNOWLEDGE AND INFORMATION IN SUCH AREAS AS INDEPENDENT MORTGAGE BANKING, LEGAL ISSUES, REGULATORY COMPLIANCE, COMMERCIAL SERVICING AND TECH, AND ACCOUNTING AND FINANCIAL MANAGEMENT. WE HAVE SUSPENDED THE TECHNOLOGY CONFERENCE, BUT WE CONTINUE TO OFFER ROBUST TECHNOLOGY SESSION AND DEMOS AT AS MANY CONFERENCES AS POSSIBLE.IN TERMS OF PROGRAMMING, WE ISSUED 672 CERTIFICATES FOR CONTINUING LEGAL EDUCATION CREDIT (CLE), 186 FOR CPE CREDITS THROUGH NASBA (NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY) AND OTHER CONTINUING EDUCATION CREDITS RELATED TO OUR PROGRAMS. IT IS WORTH HIGHLIGHTING THAT WE HAD OVER 288 SESSIONS WITH 997 SPEAKERS.EVEN WITH THE FISCALLY SUCCESSFUL ANNUAL CONVENTION AND STRONG SPONSORSHIP SALES, ESPECIALLY AT THE START OF THE FISCAL YEAR, OUR MEMBERS FACED CHALLENGES AND STRONG HEADWINDS AS THE YEAR CONTINUED, AS RATES CONTINUED TO STAY HIGH WITH NO RELIEF FROM THE FEDERAL RESERVE. MEMBERSHIP MBA'S MEMBERSHIP INCLUDES BUSINESSES FROM ALL SEGMENTS OF THE REAL ESTATE FINANCE INDUSTRY. WE ENDED 2024 WITH ALMOST 2,100 TOTAL MEMBERS. EDUCATIONMBA EDUCATION PROVIDED TRAINING AND DEVELOPMENT TO OVER 65,000 REAL ESTATE PROFESSIONALS REPRESENTING SINGLE-FAMILY AND COMMERCIAL/MULTIFAMILY LENDING DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024. TRAINING IS PROVIDED THROUGH A MIX OF DELIVERY FORMATS INCLUDING CLASSROOM-BASED COURSES, INSTRUCTOR-GUIDED ONLINE COURSES, CERTIFICATION AND DESIGNATION PROGRAMS, WEBINARS, AND WEB-BASED SELF-STUDY COURSES. ACROSS MBA EDUCATION'S LIVE PROGRAMMING AND SELF-PACED OFFERINGS, THE DEPARTMENT OFFERS NEARLY 450 TRAINING PROGRAMS COVERING ALL FACETS OF THE INDUSTRY. OUR 3-COURSE FLAGSHIP PROGRAM, THE SCHOOL OF MORTGAGE BANKING, COMBINED TO TRAIN NEARLY 1,100 STUDENTS. SUCCESSFUL COMPLETION OF THE THREE COURSES RESULTS IN STUDENTS BEING AWARDED THE ACCREDITED MORTGAGE PROFESSIONAL (AMP) CERTIFICATION. MBA EDUCATION'S CERTIFICATION AND DESIGNATION PROGRAMS CONTINUED TO BE A SIGNIFICANT BENEFIT TO INDUSTRY PROFESSIONALS. DURING THE FISCAL YEAR, NEARLY ONE THOUSAND INDIVIDUALS ENROLLED IN ONE OF MBA EDUCATION'S SEVEN CERTIFICATION AND DESIGNATION PROGRAMS, INCLUDING SIXTY IN THE PRESTIGIOUS CERTIFIED MORTGAGE BANKER (CMB) DESIGNATION. ADVOCACY FOR MEMBERS AND THE INDUSTRYMBA CONTINUES TO BE THE LEADING ADVOCATE FOR THE ENTIRE REAL ESTATE FINANCE INDUSTRY BOTH IN WASHINGTON, D.C. AND IN STATE CAPITALS. IN FISCAL YEAR 2024, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING PATHWAYS TO CREATING AFFORDABLE RENTAL AND HOMEOWNERSHIP OPPORTUNITIES, REFORMING THE SECONDARY MORTGAGE MARKET, RATIONALIZING RISK-BASED CAPITAL STANDARDS, IMPROVING THE HOMEBUYING EXPERIENCE FOR BORROWERS, TAX POLICIES IMPACTING REAL ESTATE FINANCE, AND OTHER LEGISLATIVE, REGULATORY, AND SUPERVISORY ISSUES.OUR FEDERAL LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY AND STATEMENTS FOR THE RECORD BEFORE KEY CONGRESSIONAL COMMITTEES AND SUPPORT FOR THE ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY), INCLUDING THOSE RELATED TO AFFORDABLE HOUSING AND AFFORDABLE RENTAL HOUSING, VA HOME LOAN PROGRAM REFORMS, FUNDING FOR CRITICAL HUD INFORMATION TECHNOLOGY INFRASTRUCTURE, EXTENDING THE NATIONAL FLOOD INSURANCE PROGRAM, AND MORTGAGE CREDIT "TRIGGER LEADS" LEGISLATION. THROUGH REGULAR MEETINGS WITH FEDERAL LEGISLATORS AND CONGRESSIONAL STAFF OUR LEGISLATIVE AFFAIRS TEAM PROVIDED EDUCATION AND ADVOCACY ON A WIDE VARIETY OF OTHER REAL ESTATE FINANCE ISSUES AFFECTING SINGLE FAMILY, MULTIFAMILY AND COMMERCIAL (E.G., TAX POLICY, REGULATORY CLARITY, GOVERNMENT HOUSING PROGRAMS, MINIMUM FEDERAL REMOTE ONLINE NOTARIZATION STANDARDS, DATA PRIVACY, FALSE CLAIMS ACT, ETC.). MBA'S MORTGAGE ACTION ALLIANCE REGISTERED OVER 70,000 PARTICIPANTS TO CONDUCT CONSTITUENT ENGAGEMENT.REGARDING REGULATORY ACHIEVEMENTS IN THE RESIDENTIAL REAL ESTATE FINANCE SECTOR, MBA SUBMITTED COMMENT LETTERS AND PROVIDED GUIDANCE AND SUBSTANTIVE RECOMMENDATIONS THROUGHOUT THE YEAR TO REGULATORY AGENCIES, INCLUDING HUD, VA, USDA, TREASURY, CFPB, FHFA, SEC, OCC, FDIC, AND THE FEDERAL RESERVE. THESE RECOMMENDATIONS COVERED A WIDE-RANGING SET OF MORTGAGE FINANCE ISSUES, INCLUDING ORIGINATION AND SERVICING GUIDELINES, SECONDARY MARKET STRUCTURE, TAX AND ACCOUNTING REQUIREMENTS, CAPITAL AND LIQUIDITY REQUIREMENTS, CONSUMER PROTECTION REGULATIONS, AND DATA SECURITY/PRIVACY, AND THE USE OF ARTIFICIAL INTELLIGENCE IN LENDING AND SERVICING. THE ASSOCIATION ALSO FILED AMICUS BRIEFS IN NUMEROUS CASES SUPPORTING THE INDUSTRY IN DISPUTES OVER IMPORTANT LEGAL ISSUES.MBA'S REGULATORY WORK IN FISCAL YEAR 2024 SUPPORTED OUR MEMBERS' COMMERCIAL AND MULTIFAMILY REAL ESTATE FINANCE INTERESTS BY SUPPORTING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE INDUSTRY. MBA PROVIDED DATA, INFORMATION, AND RECOMMENDATIONS ON ISSUES AFFECTING THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY TO THE ADMINISTRATION AND REGULATORY AGENCIES, INCLUDING THE CFPB, FDIC, THE FEDERAL RESERVE, FHFA, HUD, THE WHITE HOUSE AND TREASURY. ISSUES INCLUDED: AFFORDABLE RENTAL HOUSING, LOW-INCOME HOUSING TAX CREDITS, CONTINUED CAPITAL, FLOOD INSURANCE REGULATIONS, LIFE COMPANY RISK-BASED CAPITAL STANDARDS, GSE CAPITAL AND REGULATORY POLICY, AND FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE. AT THE STATE LEVEL, WE WORKED WITH NUMEROUS STATE MORTGAGE BANKING ASSOCIATIONS AND OTHER PARTNERS ON A WIDE VARIETY OF HOUSING, LICENSING, AND REAL ESTATE FINANCE ISSUES BY PROVIDING DATA AND POLICY ANALYSIS TO SUPPORT THEIR EFFORTS. IN THE COMMERCIAL AND MULTIFAMILY FINANCE SPACE, WE WORKED WITH OUR STATE AND LOCAL CHAPTERS TO COMBAT RENT CONTROL EFFORTS AND INSTEAD ADVOCATE FOR COMMON SENSE SOLUTIONS TO HELP RENTERS, OWNERS, AND LENDERS. ADDITIONAL EFFORTS FOCUSED ON STATE LAWS AND REGULATIONS RELATED TO THE TAXATION OF MEZZANINE DEBT, RENTAL HOUSING SUBSIDIES AND OFFICE CONVERSION TAX CREDITS, DATA PRIVACY/SECURITY, AND MORTGAGE SERVICER CAPITAL AND LIQUIDITY REQUIREMENTS.AS THE VOICE OF THE REAL ESTATE INDUSTRY IN WASHINGTON, D.C. AND THROUGHOUT THE NATION, MBA PROVIDES NUMEROUS BUSINESS SEGMENT FORUMS FOR INDUSTRY PROFESSIONALS TO MEET AND DISCUSS ISSUES UNIQUE TO THEIR SECTOR OF THE REAL ESTATE FINANCE MARKET. MBA IS ALSO PROUD TO HOST AND SUPPORT DIVERSITY AND INCLUSION INITIATIVES, YOUNG PROFESSIONALS' GROUPS, AND AFFORDABLE HOMEOWNERSHIP COALITIONS. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 155 0 1 181 1 1 1 0 0 0 1 1 0 1 0 X 40 40 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ASTRID D VERMEER 2025572835 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 MARK JONES CHAIR 4.00 0.00 X X 2796 0 0 CHRISTINE R CHANDLER VICE CHAIR 4.00 0.00 X X 4109 0 0 MATTHEW G ROCCO SR IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 LAURA ESCOBAR CHAIR-ELECT 4.00 0.00 X X 15376 0 0 DAVID BATTANY BOARD MEMBER 0.50 0.00 X 0 0 0 BILL BANFIELD BOARD MEMBER 0.50 0.00 X 0 0 0 JAY BRAY BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID BRICKMAN BOARD MEMBER 0.50 0.00 X 0 0 0 PATRICK CAREY BOARD MEMBER 0.50 0.00 X 0 0 0 KATE DEKAY BOARD MEMBER 0.50 0.00 X 0 0 0 PAT DODD BOARD MEMBER 4.00 0.00 X 0 0 0 QUENTIN FOGAN BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF FRIEDMAN BOARD MEMBER 4.00 0.00 X 0 0 0 DAVID GANSBERG BOARD MEMBER 0.50 0.00 X 0 0 0 ERIC GATES BOARD MEMBER 0.50 0.00 X 0 0 0 JACK GAY BOARD MEMBER 0.50 0.00 X 0 0 0 CHRISTOPHER M GEORGE BOARD MEMBER 0.50 0.00 X 0 0 0 NIMA GHAMSARI BOARD MEMBER 0.50 0.00 X 0 0 0 SEAN GRZEBIN BOARD MEMBER 0.50 0.00 X 0 0 0 ROHIT GUPTA BOARD MEMBER 0.50 0.00 X 0 0 0 BRIAN HANSON BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN HEDLUND BOARD MEMBER 0.50 0.00 X 0 0 0 TAWN KELLEY BOARD MEMBER 0.50 0.00 X 0 0 0 OWEN LEE BOARD MEMBER 0.50 0.00 X 0 0 0 SUSANNE LIVINGSTON BOARD MEMBER 0.50 0.00 X 0 0 0 GENE LUGAT BOARD MEMBER 0.50 0.00 X 0 0 0 JEFFREY MAJEWSKI BOARD MEMBER 0.50 0.00 X 0 0 0 GREG MICHAUD BOARD MEMBER 0.50 0.00 X 0 0 0 J DAVID MOTLEY BOARD MEMBER 0.50 0.00 X 0 0 0 PETER NORDEN BOARD MEMBER 0.50 0.00 X 0 0 0 MARK O'DONOVAN BOARD MEMBER 0.50 0.00 X 0 0 0 EDDY PEREZ BOARD MEMBER 0.50 0.00 X 0 0 0 STEVEN PLAISANCE BOARD MEMBER 0.50 0.00 X 0 0 0 CHRISTINE C RHEA BOARD MEMBER 0.50 0.00 X 0 0 0 JAMES SIAS BOARD MEMBER 0.50 0.00 X 0 0 0 DEBRA W STILL BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL S TANNER BOARD MEMBER 0.50 0.00 X 0 0 0 JEFFREY TAYLOR BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF WEIDELL BOARD MEMBER 0.50 0.00 X 0 0 0 THOMAS L WIND BOARD MEMBER 0.50 0.00 X 0 0 0 ROBERT D BROEKSMIT PRESIDENT & CEO 34.70 0.30 X 2009201 0 207413 MICHAEL W BRIGGS SVP & GENERAL COUNSEL 32.70 2.30 X 396068 0 38642 LISA J HAYNES SVP, CFO & CHIEF DIV. & IN 33.70 1.30 X 439618 0 57651 MARCIA M DAVIES CHIEF OPERATING OFFICER 34.70 0.30 X 899080 0 56366 GORDON R MILLS SVP, RES. POLICY & MEMBER ENGAGEMENT 35.00 0.00 X 644117 0 65524 WILLIAM P KILLMER SVP, LEGISLATIVE & POLITIC 35.00 0.00 X 615968 0 57770 MICHAEL P FLOOD SVP, CREF & MULTIFAMILY 35.00 0.00 X 496550 0 65524 MICHAEL C FRATANONI CHIEF ECON./SVP OF RESR. & 32.50 2.50 X 486424 0 23843 PETER J GRACE CIO/SVP, STRATEGY & MEMBER 35.00 0.00 X 458050 0 65524 STEPHEN O'CONNOR SVP, AFFORDABLE HOUSING INITIATIVES 35.00 0.00 X 429164 0 64870 ELAINE HOWARD VP, MEETINGS 35.00 0.00 X 338798 0 64914 JOHN MECHEM VP, PUBLIC AFFAIRS 35.00 0.00 X 320573 0 67557 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE 35.00 0.00 X 333066 0 50420 JUSTIN WISEMAN VP, REGULATORY AFFAIRS 35.00 0.00 X 313546 0 60741 TERESSA LURK VP, MARKETING & DESIGN 35.00 0.00 X 303198 0 55670 8505702 0 1002429 114 0 1 0 STRATMOR GROUP LLC PO BOX 19436 BOULDER CO 80308 DATA DRIVEN MORTGAGE ADVISORY 258855 CLIFTONLARSONALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 55402 AUDIT, TAX, CONSULTING 185504 THORN RUN PARTNERS 100 M STREET SE SUITE 750 WASHINGTON DC 20003 LOBBYING SERVICES 180000 MALLOY ASSOCIATES LLC 516 FONTAINE STREET ALEXANDRIA VA 22302 CONSULTING 129730 DIVERSITY TALENT ADVISORS 2111 FITTLEWORTH TERR UPPER MARLBORO MD 20774 EXECUTIVE SEARCH, LEADERSHIP DEVELOPMENT 128750 7 83183 83183 CONFERENCES AND PROGRAMS 900099 22628728 22628728 MEMBERSHIP DUES 900099 22021006 22021006 EDUCATION AND PROGRAMS 900099 4642458 4642458 OTHER PROGRAM SERVICES 900099 3732237 3680765 51472 PERIODICALS AND PUBLICATIONS 541800 1529900 933340 596560 54554329 4248300 4248300 595457 595457 57632764 57462264 170500 170500 170500 59651769 53906297 648032 5014257 419782 7577367 23465629 1701464 3042616 1755656 124970 96462 240530 375403 1381870 134550 2117296 2361927 27135 1663102 1399663 9654214 1716717 448546 PRINTING & PRODUCTION 814343 STAFF PROCUREMENT & TRA 619251 SUBSCRIPTIONS & PUBLICA 278790 539999 61957282 21698834 16308478 2011742 301507 4070150 3194333 12943546 7947808 6159334 4995738 118501959 134732556 14707262 14565043 167149281 174097655 7000017 5734184 26632668 25228931 20929439 20557332 54562124 51520447 X 112455509 122401543 131648 175665 112587157 122577208 167149281 174097655 -2305513 12295564 0 X 0 1 X 1 0 MORTGAGE BANKERS ASSOCIATION PAC 1919 M STREET NW 5TH FLR WASHINGTON DC 20036 526144335 1034180 0 0 1 22021006 3037450 -1784813 1252637 1101050 151587 PART I-A LINE 1 MBA'S POLITICAL ACTIVITY FOR THE YEAR ENDED 9/30/23 CONSISTED OF ACTIVITIES CONDUCTED SOLELY THROUGH ITS CONNECTED PAC, THE MORTGAGE BANKERS ASSOCIATION PAC (MORPAC) 7181180 3150907 4030273 272916 247512 25404 5489450 4549389 940061 4995738 OTHER ASSETS 848352 457 PLAN ASSET 701310 RIGHT OF USE OPERATING ASSET 12855230 ROU FINANCING ASSET 160151 14565043 DUE TO AFFILIATES 112731 457 PLAN LIABLITY 701310 LEASE LIABILITY - OPERATING 19577723 LEASE LIABILITY - FINANCING 165568 20557332 0 ADMIN AWARDS LLC 2118 WALL ST STE 800 GARLAND TX 75041 464701370 S-CORP 14850 0 N/A N/A ADMINAWARDS DONATION/SPONSOR BISHOP JOHN T WALKER SCHOOL FOR BOYS 1801 MISSISSIPPI AVE SE WASHINGTON DC 20020 530196608 501(C)(3) 20000 0 N/A N/A ANNUAL GALA DONATION CHILDREN'S NATIONAL 1 INVENTA PLACE SILVER SPRING MD 20910 521640402 501(C)(3) 17500 0 N/A N/A CHILDREN'S BALL DONATION HBCU BUSINESS DEANS ROUNDTABLE PO BOX 6873 COLUMBUS GA 31917 721491905 501(C)(3) 15000 0 N/A N/A HBCU BUSINESS DEANS ROUNDTABLE HOMEFREE-USA INC 6200 BALTIMORE AVE RIVERDALE MD 20737 521885132 501(C)(3) 65000 0 N/A N/A CONTRIBUTION HOMEOWNERSHIP COUNCIL OF AMERICA 712 H ST NE UNIT 725 WASHINGTON DC 20002 870798977 501(C)(3) 10000 0 N/A N/A GEN SUPPORT 2024 JOHNS HOPKINS UNIVERSITY 6225 SMITH AVENUE SUITE 100-B BALTIMORE MD 21209 520595110 501(C)(3) 60000 0 N/A N/A DONATION LENDERS ONE 12747 OLIVE BLVD STE 300 ST LOUIS MO 63141 431916565 COOP 12500 0 N/A N/A LENDERS 1 CONF SPONSORSHIP MBA OPENS DOORS FOUNDATION 1919 M ST NW 5TH FL WASHINGTON DC 20036 320355086 501(C)(3) 19421 0 N/A N/A MBA DONATION AND MATCHING NATIONAL ASSOCIATION OF REAL ESTATE BROKERS 9831 GREENBELT RD STE 309 LANHAM MD 20706 366125210 501(C)(3) 20000 0 N/A N/A NATIONAL PARTNERSHIP NATIONAL COMMUNITY REINVESTMENT COALITION 727 15TH ST NW STE 900 WASHINGTON DC 20005 521766126 501(C)(3) 12500 0 N/A N/A SPONSORSHIP 2024 NATIONAL FAIR HOUSING ALLIANCE 1101 VERMONT AVE NW STE 710 WASHINGTON DC 20005 521676364 501(C)(3) 10000 0 N/A N/A SPONSOR: 2024 NAT CONF: EQUITABLE SOC NEMA AMEN 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 501(C)(3) 10000 0 N/A N/A SPONSORSHIP/DONATION URBAN INSTITUTE 2100 M ST NW WASHINGTON DC 20037 520880375 501(C)(3) 10000 0 N/A N/A 2024 HFIF MEMBERSHIP/SPONSORSHIP WOLFTRAP FOUNDATION 1645 TRAP RD VIENNA VA 22182 237011544 501(C)(3) 6000 0 N/A N/A WOLFTRAP CONTRIBUTION 13 2 X X X X 1 1 X X X 0 0 0 ROBERT D BROEKSMIT PRESIDENT & CEO 1335752 0 648441 0 25008 0 157300 0 50113 0 2216614 0 0 0 MARCIA M DAVIES CHIEF OPERATING OFFICER 648016 0 225000 0 26064 0 19800 0 36566 0 955446 0 0 0 GORDON R MILLS SVP, RES. POLICY & MEMBER ENGAGEMENT 542756 0 75000 0 26361 0 19800 0 45724 0 709641 0 0 0 WILLIAM P KILLMER SVP, LEGISLATIVE & POLITIC 524904 0 65000 0 26064 0 19800 0 37970 0 673738 0 0 0 MICHAEL P FLOOD SVP, CREF & MULTIFAMILY 425256 0 70000 0 1294 0 19800 0 45724 0 562074 0 0 0 PETER J GRACE CIO/SVP, STRATEGY & MEMBER 379256 0 55000 0 23794 0 19800 0 45724 0 523574 0 0 0 MICHAEL C FRATANONI CHIEF ECON./SVP OF RESR. & 402682 0 60000 0 23742 0 19800 0 4043 0 510267 0 0 0 LISA J HAYNES SVP, CFO & CHIEF DIV. & IN 364796 0 50000 0 24822 0 19800 0 37851 0 497269 0 0 0 STEPHEN O'CONNOR SVP, AFFORDABLE HOUSING INITIATIVES 363100 0 40000 0 26064 0 19800 0 45070 0 494034 0 0 0 MICHAEL W BRIGGS SVP & GENERAL COUNSEL 357504 0 35000 0 3564 0 19800 0 18842 0 434710 0 0 0 ELAINE HOWARD VP, MEETINGS 310095 0 25139 0 3564 0 19190 0 45724 0 403712 0 0 0 JOHN MECHEM VP, PUBLIC AFFAIRS 291527 0 27756 0 1290 0 18444 0 49113 0 388130 0 0 0 JAMES WOODWELL VP, COMMERCIAL REAL ESTATE 308744 0 22000 0 2322 0 18876 0 31544 0 383486 0 0 0 JUSTIN WISEMAN VP, REGULATORY AFFAIRS 291006 0 22000 0 540 0 18045 0 42696 0 374287 0 0 0 TERESSA LURK VP, MARKETING & DESIGN 279307 0 23050 0 841 0 12974 0 42696 0 358868 0 0 0 PART I, LINE 1A INFORMATION ABOUT THE LISTED BENEFITS IS AS FOLLOWS. FIRST CLASS OR CHARTER TRAVEL: 4 OFFICERS AND 1 KEY EMPLOYEE RECEIVED THE BENEFIT. TRAVEL FOR COMPANIONS: 3 OFFICERS, KEY EMPLOYEES, AND DIRECTORS RECEIVED THE BENEFIT. GROSS UP PAYMENTS: 3 OFFICERS RECEIVED THE BENEFIT. SOCIAL CLUB DUES: 1 OFFICER AND 1 KEY EMPLOYEE RECEIVED THE BENEFIT. THESE BENEFITS WERE NOT TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSONS, EXCEPT FOR BOARD MEMBER'S COMPANION TRAVEL. FORM 990, PART VI, SECTION A, LINE 1A MBA HAS AN EXECUTIVE COMMITTEE THAT IS EMPOWERED TO ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS BETWEEN MEETINGS. THE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ADOPT OFFICIAL POSITIONS ON PUBLIC POLICY MATTERS (UNLESS EXPLICITLY PROVIDED THAT POWER); APPROVE THE ANNUAL BUDGET; DETERMINE MEMBER DUES; APPOINT OR REMOVE THE PRESIDENT AND CEO; FILL BOARD AND EXECUTIVE COMMITTEE VACANCIES; ADOPT BYLAWS AMENDMENTS; APPROVE ORGANIZATIONAL CONSOLIDATION OR MERGER; OR ELIMINATE A STANDING COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE ELECTED OFFICERS AND THE CHAIRS OF COMBOG AND RESBOG, AS WELL AS THE PRESIDENT AND CEO OF THE ASSOCIATION SERVICING EX OFFICIO AS NONVOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 6 MBA IS A NONPROFIT MEMBERSHIP CORPORATION. IT HAS THE FOLLOWING CLASSES OF MEMBERSHIP: (A) REGULAR MEMBERS - FINANCIAL INSTITUTIONS AND OTHER ENTITIES THAT ARE REGULARLY IN THE BUSINESS OF ORIGINATING, SERVICING, OR INVESTING IN MORTGAGE LOANS OR OTHERWISE SHARE IN THE RISK OF MORTGAGE LOAN PERFORMANCE, SUCH AS MORTGAGE INSURERS AND TITLE INSURANCE UNDERWRITERS, SHALL BE CONSIDERED REGULAR MEMBERS. (B) ASSOCIATE MEMBERS - BUSINESS ORGANIZATIONS, FINANCIAL INSTITUTIONS, AND INDIVIDUALS THAT REGULARLY PROVIDE SERVICE OR PRODUCTS FOR BUSINESS ORGANIZATIONS OR FINANCIAL INSTITUTIONS ELIGIBLE TO BE REGULAR MEMBERS SHALL BE CONSIDERED ASSOCIATE MEMBERS. (C) ALLIANCE MEMBER - THE BOARD OF DIRECTORS NAMES AS THE SOLE ALLIANCE MEMBER THE MORTGAGE ACTION ALLIANCE, INC., AN AFFILIATE ORGANIZATION THAT OPERATES TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE RESIDENTIAL AND COMMERCIAL REAL ESTATE FINANCE INDUSTRIES THROUGH GRASSROOTS ADVOCACY ACTIVITIES. (D) HONORARY MEMBERS - INDIVIDUALS WHO HAVE SERVED ALL OR PART OF TWO TERMS AS A MEMBER OF ONE OF THE BOARD OF GOVERNORS, OR WHO HAVE SERVED AS AN OFFICER FOR TWO YEARS, AND WHO HAVE RETIRED FROM ACTIVE BUSINESS SHALL BE CONSIDERED HONORARY MEMBERS. (E) STUDENT MEMBERS - INDIVIDUALS (I) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN A COMMUNITY OR OTHER TWO-YEAR COLLEGE OR OTHER POST-SECONDARY EDUCATIONAL INSTITUTION ("EDUCATIONAL INSTITUTION") AND ALSO VALIDLY ENROLLED IN THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION, OR (II) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN ANY EDUCATIONAL INSTITUTIONAL AFTER COMPLETING THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE ASSOCIATION'S BYLAWS, ONLY REGULAR MEMBERS AND THE ALLIANCE MEMBER MAY ELECT OFFICERS AND THE AT-LARGE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO MERGE INTO ANOTHER ASSOCIATION OR OTHER ENTITY, OR A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO ABSORB ANOTHER ASSOCIATION OR OTHER ENTITY, AND THE MERGER WOULD RESULT IN (I) A NAME CHANGE FOR THE ASSOCIATION, (II) THE CREATION OF A NEW MEMBERSHIP CLASS, (III) THE ELIMINATION OF A MEMBERSHIP CLASS, OR (IV) A SUBSTANTIAL CHANGE TO THE THEN CURRENT GOVERNANCE SYSTEM. IN ADDITION, REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN FOR CONSOLIDATION WHEREBY THE ASSOCIATION WOULD COMBINE WITH ONE OR MORE ASSOCIATIONS TO CREATE A NEW ASSOCIATION AND CEASE TO EXIST AS AN INDEPENDENT ENTITY. FORM 990, PART VI, SECTION B, LINE 11B FIVE INDEPENDENT MEMBERS OF THE FINANCE & AUDIT COMMITTEE, WHICH IS A BOARD-LEVEL COMMITTEE, RECEIVED A COPY OF THE FORM 990 BEFORE ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C IT IS MBA'S POLICY THAT NO COVERED PARTY PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY IF THE COVERED PARTY'S PARTICIPATION WOULD CREATE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. MBA'S CONFLICTS POLICY WILL BE CONTINOUSLY MONITORED BY THE BOARD OF DIRECTORS ON AN ONGOING BASIS FOR COMPLIANCE WITH THE POLICY AND REQUIRES ANNUAL DISCLOSURE TO THE MBA GENERAL COUNSEL AND SECRETARY OF "CONFLICTS OF INTEREST" DEFINED AS A SITUATION IN WHICH A COVERED PARTY WOULD PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY, IF SUCH INDIVIDUAL, OR SUCH INDIVIDUAL'S EMPLOYER, WOULD OBTAIN MORE THAN AN INSIGNIFICANT FINANCIAL BENEFIT, EITHER DIRECTLY OR INDIRECTLY. "COVERED PARTY" MEANS A MEMBER OF THE MBA BOARD OF DIRECTORS OR A MEMBER OF THE BOARD COMMITTEE OR BOARD TASK FORCE THAT MAY BOTH (I) RECOMMEND ENTERING INTO CONTRACTS AND (II) PLAY A ROLE IN VENDOR REVIEW AND SELECTION. MOREOVER, COVERED PARTIES ARE SUPPOSED TO UPDATE THEIR DISCLOSURES AS CIRCUMSTANCES WARRANT AND PROVIDE THEM TO THE MBA GENERAL COUNSEL AND SECRETARY. THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OF THE MBA BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR BEHAVIOR IN CONFLICT WITH THIS POLICY HAS OCCURRED, AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY) AND ITS DECISION WILL BE FINAL, EXCEPT AS FOLLOWS. THE EXECUTIVE COMMITTEE SHALL INFORM THE FULL BOARD OF DIRECTORS OF ANY DISAGREEMENT BETWEEN THE EXECUTIVE COMMITTEE AND THE DISCLOSING DIRECTOR AS TO ITS DETERMINATION THAT A CONFLICT OF INTEREST, OR BEHAVIOR IN CONFLICT OF THE POLICY, EXISTS AND ANY RECOMMENDED ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE THE EXECUTIVE COMMITTEE'S DETERMINATIONS IN THIS CONTEXT. THE CONFLICTS OF INTEREST POLICY ALSO ADDRESSES CONFIDENTIALITY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR PRESIDENT AND CEO 1. REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE, ON BEHALF OF THE BOARD, WILL REVIEW AND APPROVE THE COMPENSATION OF MBA'S CHIEF EMPLOYED EXECUTIVE, THE PRESIDENT, PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE PRESIDENT USING AS REFERENCES POINTS: (I) COMPENSATION OF ANY PREDECESSOR PRESIDENT, AND (II) READILY AVAILABLE PUBLIC DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (FORMAL BENCHMARKING STUDIES BY OUTSIDE COMPENSATION CONSULTANTS NEED NOT BE COMMISSIONED ANNUALLY BUT MAY BE SOUGHT PERIODICALLY). 3. ASSESSMENT OR PERFORMANCE. THE COMPENSATION COMMITTEE WILL TAKE INTO ACCOUNT: (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD, (II) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD, AND (III) SUCH OTHER CONSIDERATIONS AS MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS. PROCESS FOR SPECIFIED KEY EMPLOYEES 1. REVIEW AND APPROVAL. THE PRESIDENT WILL SUBMIT RECOMMENDATIONS TO THE COMPENSATION COMMITTEE FOR REVIEW AND APPROVAL OF THE TOTAL COMPENSATION OF THE FOLLOWING SPECIFIED KEY EMPLOYEES, AS DEFINED IN THE INTERNAL REVENUE SERVICE'S FORM 990 INSTRUCTIONS: -- THE CHIEF FINANCIAL OFFICER -- THE SECRETARY, AS APPROVED BY THE BOARD OF DIRECTORS -- ALL SENIOR VICE PRESIDENTS PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE SPECIFIED KEY EMPLOYEES, BASED ON THE RECOMMENDATIONS OF THE PRESIDENT, WHO WILL USE AS REFERENCES POINTS: (I)READILY AVAILABLE PUBLIC OR OTHER DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (MBA NEED NOT OBTAIN FORMAL BENCHMARKING STUDIES FROM OUTSIDE COMPENSATION CONSULTANTS ANNUALLY BUT THESE MAY BE SOUGHT PERIODICALLY); AND (II) THE SALARY AND LENGTH OF SERVICE OF THE PREVIOUS INCUMBENT. 3. ASSESSMENT OF PERFORMANCE. THE COMPENSATION COMMITTEE WILL REVIEW OF SPECIFIED KEY EMPLOYEES THE PRESIDENT'S ASSESSMENT OF -- (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (II) THE LEVEL OF ATTAINMENT OF A SPECIFIED KEY EMPLOYEE'S INDIVIDUAL GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (III) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD; AND (IV) OTHER, DOCUMENTED CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS. PROCESS FOR REMAINING EMPLOYEES 1. THE PRESIDENT IS AUTHORIZED AND DIRECTED TO: (A) IMPLEMENT MBA'S PRESENT EMPLOYEE POSITION CLASSIFICATION SYSTEM THAT IDENTIFIES FUNCTIONALLY COMPARABLE POSITIONS ACROSS GROUPS, AND (B) ADMINISTER A COMPENSATION PLAN BASED ON: (I) SUCH CLASSIFICATION SYSTEM, (II) REASONABLY AVAILABLE CURRENT COMPENSATION DATA FROM SIMILARLY SITUATED ASSOCIATIONS, (III) MBA'S GOALS AND OBJECTIVES, AND (IV) SUCH OTHER CRITERIA OR CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 2. THE PRESIDENT IS FURTHER AUTHORIZED TO REVISIT THE EMPLOYEE CLASSIFICATION SYSTEM AS WELL AS TO ENGAGE COMPENSATION CONSULTANTS, FROM TIME TO TIME, TO HELP ASSURE THAT THE EMPLOYEE CLASSIFICATION SYSTEM AND THE COMPENSATION DATA AND PLAN REMAIN RELEVANT TO THE ACHIEVEMENT OF MBA'S OVERALL GOALS AND OBJECTIVES. 3. UNDER EXCEPTIONAL CIRCUMSTANCES THAT MUST BE DOCUMENTED AND REPORTED TO THE COMPENSATION COMMITTEE, THE PRESIDENT IS AUTHORIZED TO OFFER SIGNING OR RETENTION BONUSES AND OTHER FORMS OF COMPENSATION TO EMPLOYEES IN ORDER TO HELP ASSURE THE SMOOTH OPERATION OF MBA AND/OR THE ACHIEVEMENT OF SIGNIFICANT MBA GOALS AND OBJECTIVES. FORM 990, PART VI, SECTION C, LINE 19 CHARTER, BYLAWS AND CONFLICTS OF INTEREST POLICY ARE PROVIDED UPON REQUEST. FINANCIAL INFORMATION IS PROVIDED THROUGH THE FORM 990 UPON REQUEST. FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS AND ARE NOT MADE AVAILABLE PUBLICLY. 1331 L STREET LLC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 331210397 HELD MBA HEADQUARTERS OFFICE BUILDING DE 0 0 MORTGAGE BANKERS ASSOCIATION MBA FIRST LLC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 PROVIDES SVCS TO ORGANIZATIONS IN THE REAL ESTATE FINANCE INDUSTRY DC 0 0 MORTGAGE BANKERS ASSOCIATION MBA OPENS DOORS FOUNDATION 1919 M STREET NW 5TH FL WASHINGTON DC 20036 320355086 RENTAL & MORTGAGE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL CHILDREN DE 501(C)(3) LINE 7 MORTGAGE BANKERS ASSOCIATION 1 MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE 1919 M STREET NW 5TH FL WASHINGTON DC 20036 526144335 POLITICAL ACTION COMMITTEE DC 527 MORTGAGE BANKERS ASSOCIATION 1 MORTGAGE ACTION ALLIANCE INC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 271893100 SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY DE 501(C)(6) MORTGAGE BANKERS ASSOCIATION 1 MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 510502943 DEVELOPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS DE 501(C)(6) MORTGAGE BANKERS ASSOCIATION 1 RESEARCH INSTITUTE FOR HOUSING AMERICA 1919 M STREET NW 5TH FL WASHINGTON DC 20036 366109824 FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE IL 501(C)(3) LINE 12A TYPE I MORTGAGE BANKERS ASSOCIATION 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 MBA OPENS DOORS FOUNDATION B 63571 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION O 657447 CASH-BOOK VALUE MBA OPENS DOORS FOUNDATION P 306771 CASH-BOOK VALUE MISMO INC P 900765 CASH-BOOK VALUE MISMO INC Q 167370 CASH-BOOK VALUE MISMO INC L 2271579 CASH-BOOK VALUE RESEARCH INSTITUTE FOR HOUSING AMERICA C 125000 CASH-BOOK VALUE RESEARCH INSTITUTE FOR HOUSING AMERICA O 48775 CASH-BOOK VALUE RESEARCH INSTITUTE FOR HOUSING AMERICA Q 14544 CASH-BOOK VALUE