Michigan Mortgage Lenders Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 271,002 | 281,168 | −10,166 | 3.2 | 24% |
| 2012 | 327,564 | 290,728 | 36,836 | 4.6 | 21% |
| 2013 | 369,056 | 303,595 | 65,461 | 7.0 | 21% |
| 2014 | 313,848 | 281,857 | 31,991 | 8.9 | 25% |
| 2015 | 398,893 | 361,782 | 37,111 | 8.1 | 19% |
| 2016 | 421,839 | 411,298 | 10,541 | 7.5 | 17% |
| 2017 | 440,227 | 406,434 | 33,793 | 8.6 | 23% |
| 2018 | 460,791 | 406,312 | 54,479 | 10.2 | 27% |
| 2019 | 414,092 | 402,841 | 11,251 | 10.6 | 26% |
| 2020 | 244,645 | 268,514 | −23,869 | 14.8 | 38% |
| 2021 | 435,190 | 415,171 | 20,019 | 10.2 | 28% |
| 2022 | 483,302 | 459,048 | 24,254 | 9.8 | 28% |
| 2023 | 443,360 | 450,428 | −7,068 | 9.8 | 30% |
In its most recent public year (2023), this organization spent $7,068 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 3.2 in 2011. Staff pay was 30% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Michigan Mortgage Lenders Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works