Nonprofit · EIN 23-7009533
MORTGAGE BANKERS ASSOCIATION OF N J
Tax-exempt · TOMS RIVER, NJ 08753
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $280,757 | $464,980 | -$184,223 | $65,952 | $39,459 | $26,493 |
| December 31, 2023 | 990 | $313,364 | $360,437 | -$47,073 | $228,448 | $31,290 | $197,158 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $71,658
- Membership dues
- $34,718
- Program service revenue
- $205,595
- Investment income
- $0
- Net income from fundraising events
- $3,504
- Other revenue
- $3,504
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $12,413
- Compensation of officers, directors and key employees
- $73,269
- Other salaries and wages
- $79,134
- Salaries, compensation and benefits (total)
- $165,460
- Professional fundraising fees
- $0
- Travel
- $2,683
Balance sheet and other
- Total assets, start of year
- $228,448
- Total assets, end of year
- $65,952
- Total liabilities, end of year
- $39,459
- Net assets, end of year
- $26,493
- Net assets without donor restrictions
- $26,493
- Gross unrelated business income
- $3,504
- Gross receipts
- $281,307
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E ROBERT LEVY | ESQ. Trustee or director, Officer | 35 | $73,269 |
| PAUL CHIARELLI | TREASURER Trustee or director, Officer | 5 | $0 |
| MATT VANFOSSEN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JUSTIN DEMOLA | TRUSTEE Trustee or director | 1 | $0 |
| GABRIEL GILLEN | TRUSTEE Trustee or director | 1 | $0 |
| DEVIN DALY | TRUSTEE Trustee or director | 1 | $0 |
| JUSTIN FERRIS | TRUSTEE Trustee or director | 1 | $0 |
| STEVE GROSSMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN PISANI | TRUSTEE Trustee or director | 1 | $0 |
| RALPH VITIELLO | TRUSTEE Trustee or director | 1 | $0 |
| RYAN FAUGHNER | TRUSTEE Trustee or director | 1 | $0 |
| ERIC REEBER | TRUSTEE Trustee or director | 1 | $0 |
| ASHLEY GRAVANO | TRUSTEE Trustee or director | 1 | $0 |
| GINO BROWN | TRUSTEE Trustee or director | 1 | $0 |
| MARY BULMAN | TRUSTEE Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICH JORDAN | TRUSTEE Trustee or director | 1 | $0 |
| LAURA BRANDAO | TRUSTEE Trustee or director | 1 | $0 |
| KELCEY BROWN | TRUSTEE Trustee or director | 1 | $0 |
| CHRIS STANTON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E ROBERT LEVY | ESQ. Trustee or director, Officer | 50 | $85,000 |
| SAMUEL LAMPARELLO | CMB Trustee or director, Officer | 5 | $0 |
| PAUL CHIARELLI | TREASURER Trustee or director, Officer | 5 | $0 |
| MATT VANFOSSEN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TAYLOR STORK | TREASURER Trustee or director, Officer | 5 | $0 |
| JUSTIN DEMOLA | TRUSTEE Trustee or director | 1 | $0 |
| GABRIEL GILLEN | TRUSTEE Trustee or director | 1 | $0 |
| DEVIN DALY | TRUSTEE Trustee or director | 1 | $0 |
| JUSTIN FERRIS | TRUSTEE Trustee or director | 1 | $0 |
| STEVE GROSSMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN PISANI | TRUSTEE Trustee or director | 1 | $0 |
| RALPH VITIELLO | TRUSTEE Trustee or director | 1 | $0 |
| RYAN FAUGHNER | TRUSTEE Trustee or director | 1 | $0 |
| ERIC REEBER | TRUSTEE Trustee or director | 1 | $0 |
| ASHLEY GRAVANO | TRUSTEE Trustee or director | 1 | $0 |
| GINO BROWN | TRUSTEE Trustee or director | 1 | $0 |
| MARY BULMAN | TRUSTEE Trustee or director | 1 | $0 |
| RICH JORDAN | TRUSTEE Trustee or director | 1 | $0 |
| LAURA BRANDAO | TRUSTEE Trustee or director | 1 | $0 |
| KELCEY BROWN | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 130 W WATER STREET 326, TOMS RIVER, NJ 08753-6531
- Principal officer (990 for 2024)
- E ROBERT LEVY, 330 MOUNT CORNER DR 181, FREEHOLD, NJ 07728
- Signed the 990
- E ROBERT LEVY, EXECUTIVE DIRECTOR
- Phone
- (732) 596-1619
- Website
- WWW.MBANJ.COM
- Return prepared by
- CATHEDRAL CPAS & ADVISORS
Mission
TO SUPPORT AND PROMOTE THE EXPANSION OF THE MORTGAGE BANKING BUSINESS IN THE STATE OF NEW JERSEY; TO PROMOTE SOUND AND ETHICAL BUSINESS PRACTICES AMONGST THE MEMBERS; TO PROVIDE TIMELY INFORMATION TO THE MEMBERS REGARDING CHANGES IN CONDITIONS, LAWS AND ADMINISTRATIVE
Program accomplishments
- TO SUPPORT THE MORTGAGE BANKING INDUSTRY IN NEW JERSEY BY SERVING APPROXIMATELY 300 COMPANIES WITH OVER 1000 INDIVIDUAL MEMBERS THROUGH EDUCATIONAL FORUMS CONSISTING OF AN ANNUAL REGIONAL CONFERENCE AND VARIOUS SEMINARS AND MEETINGS THROUGHOUT THE YEAR.Expenses $464,980 · revenue $205,595
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7009533
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $65,952
- Income (IRS master file)
- $281,307
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $280,757 | $464,980 | $65,952 | IRS |
| 990 | December 2023 | $313,364 | $360,437 | $228,448 | XML |
| 990 | December 2022 | $597,505 | $501,071 | $367,294 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7009533).
Questions about MORTGAGE BANKERS ASSOCIATION OF N J
- What is the EIN of MORTGAGE BANKERS ASSOCIATION OF N J?
- The employer identification number (EIN) of MORTGAGE BANKERS ASSOCIATION OF N J is 23-7009533.
- Is MORTGAGE BANKERS ASSOCIATION OF N J tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1967.
- Are donations to MORTGAGE BANKERS ASSOCIATION OF N J tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORTGAGE BANKERS ASSOCIATION OF N J file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MORTGAGE BANKERS ASSOCIATION OF N J due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORTGAGE BANKERS ASSOCIATION OF N J last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MORTGAGE BANKERS ASSOCIATION OF N J?
- The 990 for the year ended December 31, 2024 names E ROBERT LEVY.
- Who are the officers and directors of MORTGAGE BANKERS ASSOCIATION OF N J?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $73,269 (E ROBERT LEVY, ESQ.).
- How much revenue does MORTGAGE BANKERS ASSOCIATION OF N J have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $280,757, expenses of $464,980 and total assets of $65,952 at year end.
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