Mortgage Bankers Association of America
Only null% goes to programs Strong reserves Growing revenue
Mortgage Bankers Association of America is a 501(c)(6) organization based in Washington, District of Columbia, registered in 1942, with $59,651,769 in FY2023 revenue. CharityIndex grades it A.
1919 M St Nw, Washington, DC, 20036 EIN 36-1505650 Since 1942
Revenue (FY2023)
$59.7M
▼ 13.1% vs prior year
Unknown median: $232K
Expenses (FY2023)
$62.0M
Net assets
$122.6M
Employees
181
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mortgage Bankers Association of America— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating24 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mortgage Bankers Association of America: 24 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mortgage Bankers Association of America: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mortgage Bankers Association of America: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mba's principal activities are industry, education, research, and advocacy.
What they do
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 i
Contact & location
- Address
- 1919 M St Nw, Washington, DC, 20036
- City
- Washington
- State
- District of Columbia
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $51.9M (FY2013) to $59.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $51.5MNet assets $122.6M
Operating margin
-3.9%
Spent more than it raised in the latest fiscal year.
Total assets
$174.1M
Total liabilities
$51.5M
Net assets
$122.6M
Salaries & benefits
$37.5M
61% of expenses
Board members
40
40 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $59,651,769▼13.1% | $61,957,282▼4.0% | $122,577,208▲8.9% | $174,097,655▲4.2% | 990 |
| 2022 | $68,643,483▼6.3% | $64,533,754▲4.3% | $112,587,157▲9.5% | $167,149,281▲17.4% | 990 |
| 2021 | $73,245,539▲52.0% | $61,871,505▲31.0% | $102,806,495▼7.0% | $142,430,652▼6.2% | 990 |
| 2020 | $48,193,239▼21.6% | $47,217,053▼7.3% | $110,564,999▲6.3% | $151,811,395▲14.8% | 990 |
| 2019 | $61,474,364▼26.8% | $50,944,336▼7.3% | $104,060,356▲12.4% | $132,210,021▲4.0% | 990 |
| 2018 | $83,946,353▲29.0% | $54,934,705▲1.0% | $92,570,593▲36.6% | $127,064,646▲24.8% | 990 |
| 2017 | $65,076,554▲4.9% | $54,387,198▲10.2% | $67,749,555▲17.7% | $101,788,531▲13.3% | 990 |
| 2016 | $62,015,321▼8.3% | $49,334,080▲1.7% | $57,553,945▲41.5% | $89,836,136▲9.9% | 990 |
| 2015 | $67,655,466▲25.5% | $48,507,998▲16.8% | $40,684,188▲181% | $81,771,091▲38.1% | 990 |
| 2014 | $53,912,379▲3.8% | $41,514,999▲5.9% | $14,495,324▲88.9% | $59,210,917▲39.8% | 990 |
| 2013 | $51,931,995 | $39,199,392▲6.8% | $7,673,071▲302% | $42,357,558▲64.2% | 990 |
| 2012 | — | $36,698,898▲7.8% | -$3,796,488▲79.3% | $25,799,113▲117% | 990 |
| 2011 | — | $34,052,306▲7.3% | -$18,308,498▼1.9% | $11,885,128▼33.1% | 990 |
| 2010 | — | $31,740,654▲10.6% | -$17,966,536▼9.4% | $17,771,177▲20.0% | 990 |
| 2009 | — | $28,706,030 | -$16,422,326 | $14,810,976 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Robert D Broeksmit — $2,009,201 (3.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert D Broeksmit | President & Ceo | 34.7 | $2,009,201 |
| Marcia M Davies | Chief Operating Officer | 34.7 | $899,080 |
| Gordon R Mills | Svp, Res. Policy & Member Engagement | 35 | $644,117 |
| William P Killmer | Svp, Legislative & Politic | 35 | $615,968 |
| Michael P Flood | Svp, Cref & Multifamily | 35 | $496,550 |
| Michael C Fratanoni | Chief Econ./svp of Resr. & | 32.5 | $486,424 |
| Peter J Grace | Cio/svp, Strategy & Member | 35 | $458,050 |
| Lisa J Haynes | Svp, Cfo & Chief Div. & In | 33.7 | $439,618 |
| Stephen O'connor | Svp, Affordable Housing Initiatives | 35 | $429,164 |
| Michael W Briggs | Svp & General Counsel | 32.7 | $396,068 |
| Elaine Howard | Vp, Meetings | 35 | $338,798 |
| James Woodwell | Vp, Commercial Real Estate | 35 | $333,066 |
| John Mechem | Vp, Public Affairs | 35 | $320,573 |
| Justin Wiseman | Vp, Regulatory Affairs | 35 | $313,546 |
| Teressa Lurk | Vp, Marketing & Design | 35 | $303,198 |
| Laura Escobar | Chair-elect | 4 | $15,376 |
| Christine R Chandler | Vice Chair | 4 | $4,109 |
| Mark Jones | Chair | 4 | $2,796 |
| Bill Banfield | Board Member | 0.5 | — |
| Brian Hanson | Board Member | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Stratmor Group LLC | Data Driven Mortgage Advisory | $258,855 |
| Cliftonlarsonallen LLP | Audit, Tax, Consulting | $185,504 |
| Thorn Run Partners | Lobbying Services | $180,000 |
| Malloy Associates LLC | Consulting | $129,730 |
| Diversity Talent Advisors | Executive Search, Leadership Development | $128,750 |
Grants made · $303K in FY2023
15 grants totaling $303K in FY2023. All grants made by Mortgage Bankers Association of America →
| Recipient | Purpose | Amount |
|---|---|---|
| Homefree USA Inc | Contribution | $65,000 |
| Johns Hopkins University | Donation | $60,000 |
| Convention of P E Church of the Diocese of Washington | Annual gala donation | $20,000 |
| National Association of Real Estate Brokers | National partnership | $20,000 |
| Mba Opens Doors Foundation | Mba donation and matching | $19,421 |
| Childrens Hospital Foundation | Children's ball donation | $17,500 |
| National Hbcus Business Deans Roundtable Inc | Hbcu business deans roundtable | $15,000 |
| Admin Awards LLC | Adminawards donation/sponsor | $14,850 |
| Lenders One | Lenders 1 conf sponsorship | $12,500 |
| National Community Reinvestment Coalition Inc | Sponsorship 2024 | $12,500 |
| National Fair Housing Alliance | Sponsor: 2024 nat conf: equitable soc | $10,000 |
| Tides Foundation | Sponsorship/donation | $10,000 |
| Urban Institute | 2024 hfif membership/sponsorship | $10,000 |
| Homeownership Council of America | Gen support 2024 | $10,000 |
| Wolf Trap Foundation For the Performing Arts | Wolftrap contribution | $6,000 |
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Frequently asked questions
- Is Mortgage Bankers Association of America a legitimate nonprofit?
- Yes. Mortgage Bankers Association of America is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 36-1505650, based in Washington, District of Columbia.
- What is Mortgage Bankers Association of America's EIN?
- Mortgage Bankers Association of America's Employer Identification Number (EIN) is 36-1505650.
- How much revenue does Mortgage Bankers Association of America report?
- Mortgage Bankers Association of America reported $59,651,769 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mortgage Bankers Association of America have?
- CharityIndex grades Mortgage Bankers Association of America A, based on financial health (reserves and operating margin).
- How much does Mortgage Bankers Association of America's highest-paid employee make?
- The highest reported compensation on Mortgage Bankers Association of America's latest Form 990 is $2,009,201, paid to Robert D Broeksmit (President & Ceo).
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Data for Mortgage Bankers Association of America (EIN 36-1505650) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.