Michigan Mortgage Lenders Association
EIN: 386104797 · Shelby Twp, MI · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $450K |
| Net Assets | $369K |
Is Michigan Mortgage Lenders Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Mortgage Lenders Association
Michigan Mortgage Lenders Association (EIN: 386104797) is a nonprofit organization based in Shelby Twp, MI, classified under NTEE code S41. The organization reported total revenue of $408K and total assets of $408K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Mortgage Lenders Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Mortgage Lenders Association is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $443K |
| Total Expenses | $450K |
| Surplus / Deficit | $-7,068 |
| Total Assets | $414K |
| Total Liabilities | $45K |
| Net Assets | $369K |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Michigan Mortgage Lenders Association reported a deficit of $7K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Michigan Mortgage Lenders Association's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -1.9% | -10.7% |
| 2022 | +11.1% | +10.6% | -0.3% |
| 2021 | +77.9% | +54.6% | -0.3% |
| 2020 | -40.9% | -33.3% | +5.4% |
| 2019 | -10.1% | -0.9% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Mortgage Lenders Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michigan Mortgage Lenders Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Frequently Asked Questions about Michigan Mortgage Lenders Association
Is Michigan Mortgage Lenders Association a legitimate charity?
Michigan Mortgage Lenders Association (EIN: 386104797) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $408K. No red flags identified. Financial health grade: B.
How does Michigan Mortgage Lenders Association spend its money?
Michigan Mortgage Lenders Association reported $408K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michigan Mortgage Lenders Association tax-deductible?
Michigan Mortgage Lenders Association is registered as a tax-exempt nonprofit (EIN: 386104797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Mortgage Lenders Association located?
Michigan Mortgage Lenders Association is headquartered in Shelby Twp, Michigan and files with the IRS under EIN 386104797. It is classified under NTEE code S41.
How many years of IRS 990 filings does Michigan Mortgage Lenders Association have?
Michigan Mortgage Lenders Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $408K in total revenue.
Filing History
IRS 990 filing history for Michigan Mortgage Lenders Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Michigan Mortgage Lenders Association's revenue has grown by 63.6%, moving from $271K to $443K. Total assets increased by 225.7% over the same period, from $127K to $414K. Total functional expenses rose by 60.2%, from $281K to $450K. In its most recent filing year (2023), Michigan Mortgage Lenders Association reported a deficit of $7K, with expenses exceeding revenue. The organization holds $45K in liabilities against $414K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $369K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $443K | $450K | $414K | $45K | — | View 990 |
| 2022 | $483K | $459K | $464K | $88K | — | View 990 |
| 2021 | $435K | $415K | $466K | $114K | — | View 990 |
| 2020 | $245K | $269K | $467K | $135K | — | View 990 |
| 2019 | $414K | $403K | $443K | $88K | — | View 990 |
| 2018 | $461K | $406K | $408K | $63K | — | View 990 |
| 2017 | $440K | $406K | $371K | $81K | — | View 990 |
| 2016 | $422K | $411K | $294K | $38K | — | View 990 |
| 2015 | $399K | $362K | $303K | $57K | — | View 990 |
| 2014 | $314K | $282K | $252K | $44K | — | View 990 |
| 2013 | $369K | $304K | $235K | $59K | — | View 990 |
| 2012 | $328K | $291K | $167K | $56K | — | View 990 |
| 2011 | $271K | $281K | $127K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $443K, expenses of $450K, and assets of $414K (revenue -8.3% year-over-year).
- 2022: Revenue of $483K, expenses of $459K, and assets of $464K (revenue +11.1% year-over-year).
- 2021: Revenue of $435K, expenses of $415K, and assets of $466K (revenue +77.9% year-over-year).
- 2020: Revenue of $245K, expenses of $269K, and assets of $467K (revenue -40.9% year-over-year).
- 2019: Revenue of $414K, expenses of $403K, and assets of $443K (revenue -10.1% year-over-year).
- 2018: Revenue of $461K, expenses of $406K, and assets of $408K (revenue +4.7% year-over-year).
- 2017: Revenue of $440K, expenses of $406K, and assets of $371K (revenue +4.4% year-over-year).
- 2016: Revenue of $422K, expenses of $411K, and assets of $294K (revenue +5.8% year-over-year).
- 2015: Revenue of $399K, expenses of $362K, and assets of $303K (revenue +27.1% year-over-year).
- 2014: Revenue of $314K, expenses of $282K, and assets of $252K (revenue -15.0% year-over-year).
- 2013: Revenue of $369K, expenses of $304K, and assets of $235K (revenue +12.7% year-over-year).
- 2012: Revenue of $328K, expenses of $291K, and assets of $167K (revenue +20.9% year-over-year).
- 2011: Revenue of $271K, expenses of $281K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Mortgage Lenders Association:
Data Sources and Methodology
This transparency report for Michigan Mortgage Lenders Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.