Mortgage Bankers Assoc of Central Florida
Nonprofit profile at a glance
- EIN
- 591916229
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2008
- Location
- Maitland, FL, USA
- Phone
- 8135454712
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $28,005
- Expenses
- $29,331
- Assets
- $13,813
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MICHELLE MENDEZ (PRESIDENT)
- NATHAN MORRIS (PAST PRESIDENT)
- JARED VARITEK (PRESIDENT ELECT)
- JOE MANGLARDI (VICE PRESIDENT)
People named in this filing
- MICHELLE MENDEZ (PRESIDENT)
- NATHAN MORRIS (PAST PRESIDENT)
- JARED VARITEK (PRESIDENT ELECT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage among our members sound business practices in the marketing, providing and servicing of real estate mortgages loans. To constantly raise and improve the ideals and standards by those engaged in the industry.
What it reported doing in 2024
Monthly luncheon meetings to educate our members. Weprovide speakers at each meeting providing education & valuedirected toward the mortgage and real estate industry.
Operating model
- Revenue model
- Earned-program. 61% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 11
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.1%; rating input score 18
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.7%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.1% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 18.1% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 18/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.