2024-10-30T12:53:32-07:00 2023-12-31 521185156 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 990 2023-01-01 464272890 US MORTGAGE INSURERS USMO 2022801820 1101 17TH STREET NW 700 WASHINGTON DC 20036 SETH APPLETON President 2024-10-30 true true Jeff Corydon IV CPA CFP P00297218 3019484400 2023 2024-10-15 13:58:12Z SETH APPLETON 2305574 false X WWW.USMI.ORG X 2013 DC REPRESENTING AND ADVANCING THE INTEREST OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELLFUNCTIONING HOUSING FINANCE SYSTEM. 5 5 0 5 0 0 2496440 2250000 55574 0 2496440 2305574 0 0 0 0 0 2307829 2200670 2307829 2200670 188611 104904 2024391 2182800 238597 292102 1785794 1890698 REPRESENTING AND ADVANCING THE INTEREST OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELLFUNCTIONING HOUSING FINANCE SYSTEM. false false ADVOCACY PROGRAM: ADVOCATE FOR THE PRIORITIES OF THE PRIVATE MORTGAGE INSURANCE INDUSTRY AT THE FEDERAL AND STATE LEVEL TO CREATE A STRONG HOUSING FINANCE SYSTEM AND ENSURE ACCESS TO HOMEOWNERSHIP WHILE PROTECTING TAXPAYERS. PUBLIC RELATIONS PROGRAM: USE VARIOUS PUBLIC RELATIONS CAMPAIGNS AND MEDIA PLATFORMS TO PROMOTE THE BENEFITS OF PRIVATE MORTGAGE INSURANCE TO POLICYMAKERS, MORTGAGE MARKET PARTICIPANTS, AND BORROWERS, INCLUDING THAT THE INDUSTRY FACILITATES BORROWER ACCESS TO AFFORDABLE AND SUSTAINABLE MORTGAGES WITHIN A WELL-FUNCTIONING HOUSING FINANCE SYSTEM. REGULATORY PROGRAM: IDENTIFY, ANALYZE AND PROVIDE RECOMMENDATIONS TO STATE AND FEDERAL REGULATORY AGENCIES ON POLICIES PERTAINING TO PRIVATE MORTGAGE INSURANCE AND THE HOUSING FINANCE SYSTEM. COORDINATE WITH MEMBER COMPANIES ON OUTREACH TO STATE DEPARTMENTS OF INSURANCE AND FEDERAL FINANCIAL REGULATORS TO PROMOTE A STRONG HOUSING FINANCE SYSTEM AND ENSURE PRIVATE MORTGAGE INSURANCE INDUSTRY IS WELL POSITIONED TO ENSURE ACCESS TO MORTGAGE CREDIT WHILE PROTECTING TAXPAYERS. false false false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 10 0 true 0 false false false false false false false false X 5 5 false true false false true true false true true false false true true true true true true false false false X VERTO SOLUTIONS LLC 2022935800 1101 17TH STREET NW STE 700 WASHINGTON DC 20036 X Adolfo Marzol Chair 2.00 0.00 X X 0 0 0 Tim Mattke Treas/Sec 2.00 0.00 X X 0 0 0 Derek Brummer Board Member 2.00 0.00 X 0 0 0 Bradley Shuster Board Member 2.00 0.00 X 0 0 0 Rohit Gupta Vice Chair 2.00 0.00 X X 0 0 0 Seth Appleton President 40.00 0.00 X 0 0 0 0 false false false VERTO SOLUTIONS 1101 17TH STREET NW SUITE 700 WASHINGTON DC 20036 management services 1084344 vision 360 partners 1156 15th St NW Suite 500 WASHINGTON DC 20005 public relations 300000 federal hall policy advisors 1455 Pennsylvania Avenue NW WASHINGTON DC 20004 lobbying 120000 north star navigators 6640 gordon ave falls church VA 22046 mgmt/strategic consulting 117500 4 0 membership dues 900099 2250000 2250000 2250000 55574 55574 0 0 0 0 0 0 0 0 2305574 2250000 55574 X 0 0 0 0 0 0 0 0 0 0 1133087 85803 18225 329998 0 0 482789 0 4840 2064 0 0 24826 0 0 0 0 6094 2810 sponsorships 82500 subscriptions and reference 27634 0 2200670 0 0 0 1998249 10000 2146605 0 0 0 0 0 0 3510 9657 0 0 0 0 22632 16538 0 2024391 2182800 238597 292102 238597 292102 X 1785794 1890698 1785794 1890698 2024391 2182800 104904 X false true X true false false false false true 2250000 329998 -38374 291624 360000 -68376 X 2305574 2305574 2305574 2200670 2200670 2200670 Part X : FIN48 Footnote The Organization is exempt from federal income tax under Section 501(c)(6) of the Internal Revenue Code. However, income from activities not directly related to the Organizations tax-exempt purpose is subject to taxation as unrelated business income. The Organization did not engage in any unrelated business activities during the year ended December 31, 2023.The Organization has adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in ASC Topic Income Taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribe a threshold of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. The Organization performed an evaluation of uncertain tax positions for the year ended December 31, 2023, and determined that there were no material matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. As of December 31, 2023 that statute of limitations for the 2020, 2021, and 2022 tax years remain open with the Internal Revenue Service. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. Form 990, Part VI, Section A, Line 3 MANAGEMENT COMPANY PROVIDES FACILITIES AND OTHER MANAGEMENT SERVICES TO THE ORGANIZATION. Form 990, Part VI, Section A, Line 6 FIVE U.S. MORTGAGE COMPANIES (ESSENT, ENACT, MGIC, NATIONAL MI, AND RADIAN GUARANTY) ARE MEMBERS OF USMI. THE ORGANIZATION IS OPEN TO ALL ACTIVE U.S. MORTGAGE INSURANCE COMPANIES. Form 990, Part VI, Section B, Line 11b FORM 990 IS SHARED VIA EMAIL WITH THE BOARD PRIOR TO FILING. THE DIRECTOR OF FINANCE, PRESIDENT AND CHAIRMAN OF THE BOARD REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c USMI HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL MEMBERS, OFFICERS, DIRECTORS, AND STAFF. ALL ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 OTHER DOCUMENTS AVAILABLE UPON REQUEST FROM THE PUBLIC.