2024-02-23T13:03:28-06:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-10-01 320355086 MBA OPENS DOORS FOUNDATION MBAO 2025572700 1919 M STREET NW 5TH FL WASHINGTON DC 20036 LISA J HAYNES TREASURER 2025572700 2024-02-14 1 LISA HAYNES 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBORAH DUBOIS 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 4026920 0 X WWW.MBAOPENSDOORS.ORG X 2011 DE THE PURPOSE OF THE CORPORATION IS TO CREATE AND DELIVER PROGRAMS THAT PROVIDE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL OR INJURED CHILDREN FOR THE PURPOSE OF AIDING IN THE SECURITY OF THEIR HOMES. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION: (A) SHALL DEVELOP AND PROMOTE PHILANTHROPIC PROGRAMS AIMED AT THESE AREAS; AND (B) MAY CARRY ON ANY AND ALL LAWFUL ACTIVITIES RELATED THERETO, ALLOWED UNDER THE ACT, WHETHER OR NOT STATED HEREIN. 19 17 0 17 0 0 5187127 3974488 0 0 9174 52432 0 0 5196301 4026920 5078519 5598432 0 0 0 0 0 0 0 8846 59054 5087365 5657486 108936 -1630566 6951188 5309870 23185 10077 6928003 5299793 X THE PURPOSE OF THE CORPORATION IS TO CREATE AND DELIVER PROGRAMS THAT PROVIDE CHARITABLE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL OR INJURED CHILDREN FOR THE PURPOSE OF AIDING IN THE SECURITY OF THEIR HOMES. 0 0 5598432 5598432 MBA OPENS DOORS FOUNDATION (ODF) WAS CREATED TO SPONSOR PHILANTHROPIC ACTIVITIES FOCUSED ON HELPING FAMILIES MAINTAIN THEIR HOMES, AS WELL AS TO PROVIDE CHARITABLE SUPPORT. ODF'S FIRST INITIATIVE MAKES MORTGAGE AND RENTAL ASSISTANCE PAYMENT GRANTS TO PARENTS AND GUARDIANS WITH CRITICALLY ILL OR INJURED CHILDREN, ALLOWING THEM TO TAKE UNPAID LEAVE FROM WORK AND SPEND PRECIOUS TIME TOGETHER WITHOUT JEOPARDIZING THEIR CHERISHED HOMES.THE MBA OPENS DOORS FOUNDATION MORTGAGE AND RENTAL GRANT ASSISTANCE INITIATIVE IS A PROGRAM BY WHICH DESIGNATED HEALTH CARE PROVIDERS IDENTIFY AND PROVIDE HOME GRANT PROGRAM INFORMATION TO FAMILIES THAT MAY BENEFIT FROM FINANCIAL SUPPORT.THE MBA OPEN DOORS FOUNDATION (ODF):- IDENTIFIES AND FACILITATES THE DESIGNATION OF ADDITIONAL HEALTHCARE PROVIDERS.- ESTABLISHED ITS FIRST DESIGNATED HEALTH CARE PROVIDER IN THE WASHINGTON, DC METROPOLITAN AREA: THE CHILDREN'S NATIONAL MEDICAL CENTER. SINCE ESTABLISHING ITS RELATIONSHIP WITH CHILDREN'S NATIONAL MEDICAL CENTER, THE FOUNDATION HAS DESIGNATED 12 MORE HEALTH CARE PROVIDERS AROUND THE COUNTRY AND IS CURRENTLY RECEIVING GRANTS FROM 13 PROVIDERS FOR THE CURRENT REPORTING PERIOD. 5598432 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ AR AK AL CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY ND NC OH OK PA RI SC SD TN TX UT VT VA WA WV WI WY OR X LISA J HAYNES CPA TREASURER 2025572835 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 ROBERT D BROEKSMIT ODF DIRECTOR, MBA PRESIDENT & CEO 0.30 34.70 X X 0 2039610 314059 MARCIA M DAVIES ODF DIRECTOR, MBA COO 0.30 34.70 X X 0 980257 53438 DEBRA STILL ODF CHAIRMAN 0.30 0.00 X X 0 0 0 ANDREW BON SALLE ODF DIRECTOR 0.30 0.00 X 0 0 0 JEAN BRADLEY ODF DIRECTOR 0.30 0.00 X 0 0 0 JAMES M DEITCH ODF DIRECTOR 0.30 0.00 X 0 0 0 LAURA ESCOBAR ODF DIRECTOR 0.30 0.00 X 0 0 0 KRISTY FERCHO ODF DIRECTOR 0.30 0.00 X 0 0 0 KAREN FRATANTONI ODF DIRECTOR 0.30 0.00 X 0 0 0 CHRISTOPHER M GEORGE ODF DIRECTOR 0.30 0.00 X 0 0 0 DEBBY L JENKINS ODF DIRECTOR 0.30 0.00 X 0 0 0 MARK A JONES ODF DIRECTOR 0.30 0.00 X 0 0 0 J DAVID MOTLEY ODF DIRECTOR 0.30 0.00 X 0 0 0 KURT PFOTENHAUER ODF DIRECTOR 0.30 0.00 X 0 0 0 MATTHEW G ROCCO SR ODF DIRECTOR 0.30 0.00 X 0 0 0 LAMIA SOGHIER ODF DIRECTOR 0.30 0.00 X 0 0 0 SUSAN T STEWART ODF DIRECTOR 0.30 0.00 X 0 0 0 BRIAN F STOFFERS ODF DIRECTOR 0.30 0.00 X 0 0 0 RICHARD G THORNBERRY ODF DIRECTOR 0.30 0.00 X 0 0 0 LISA J HAYNES ODF TREASURER 0.30 34.70 X 0 414292 56810 MICHAEL BRIGGS ODF SECRETARY & GENERAL COUNSEL 0.30 34.70 X 0 389428 43832 DEBORAH E DUBOIS ODF PRESIDENT 35.00 0.00 X 0 277470 38592 TERESA F BETZ ODF COO 18.00 17.00 X 0 220705 33474 0 4321762 540205 0 0 1 0 0 3974488 42636 3974488 52432 52432 4026920 0 0 52432 5598432 5598432 18400 18400 MISC. EXPENSE 40654 40654 5657486 5598432 59054 0 5494643 1005351 0 2319200 976383 1738380 437987 211180 1636 13279 40539 22480 6951188 5309870 23185 9507 0 570 23185 10077 X 6928003 5299793 6928003 5299793 6951188 5309870 -1630566 2356 0 X X 0 1 X 1 0 X 3312963 3798345 4645697 5187127 3974488 20918620 3312963 3798345 4645697 5187127 3974488 20918620 875407 20043213 38120 29158 9753 9174 52432 138637 21057257 0.95180 0.94070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATE 570 570 X 4997090 2356 967814 970170 4026920 0 4026920 6625300 967814 967814 5657486 0 5657486 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1) OF THE IRC. 1 0 0 MORTGAGE AND RENTAL ASSISTANCE 3360 5598432 N/A N/A PART I, LINE 2: ALL APPLICATIONS ARE RECEIVED ELECTRONICALLY. THEY ARE REVIEWED FOR ACCURACY AND COMPLETENESS IN ACCORDANCE WITH THE GRANT GUIDELINES. GRANTEES AND/OR SOCIAL WORKERS ARE CONTACTED DIRECTLY IF INFORMATION IS MISSING OR IF FURTHER INFORMATION IS REQUIRED. THE APPLICATIONS ARE THEN SUMMARIZED IN A SINGLE DOCUMENT AND PRESENTED TO THE REVIEW COMMITTEE FOR APPROVAL. A LOG OF ALL APPLICATIONS IS MAINTAINED AND UPDATED EACH MONTH AS NEW APPLICATIONS ARE RECEIVED AND GRANTS AWARDED. THE LOG INCLUDES ALL PERTINENT DETAILS OF THE APPLICATION AND ITS DISPOSITION. 0 0 0 0 0 0 0 0 0 ROBERT D BROEKSMIT ODF DIRECTOR, MBA PRESIDENT & CEO 0 1246374 0 770414 0 22822 0 275925 0 38134 0 2353669 0 0 MARCIA M DAVIES ODF DIRECTOR, MBA COO 0 630693 0 325500 0 24064 0 25925 0 27513 0 1033695 0 0 LISA J HAYNES ODF TREASURER 0 336373 0 55000 0 22919 0 25925 0 30885 0 471102 0 0 MICHAEL BRIGGS ODF SECRETARY & GENERAL COUNSEL 0 345864 0 40000 0 3564 0 25925 0 17907 0 433260 0 0 DEBORAH E DUBOIS ODF PRESIDENT 0 256558 0 18500 0 2412 0 22008 0 16584 0 316062 0 0 TERESA F BETZ ODF COO 0 199087 0 18700 0 2918 0 17150 0 16324 0 254179 0 0 PART I, LINE 3 THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS COMPENSATED BY MORTGAGE BANKERS ASSOCIATION ("MBA"), A RELATED TAX-EXEMPT ORGANIZATION. THE PROCESS UNDERTAKEN BY MBA IS AS FOLLOWS: 1. REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE, ON BEHALF OF THE BOARD, WILL REVIEW AND APPROVE THE COMPENSATION OF MBA'S CHIEF EMPLOYED EXECUTIVE, THE PRESIDENT, PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE PRESIDENT USING AS REFERENCES POINTS: (I) COMPENSATION OF ANY PREDECESSOR PRESIDENT, AND (II) READILY AVAILABLE PUBLIC DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (FORMAL BENCHMARKING STUDIES BY OUTSIDE COMPENSATION CONSULTANTS NEED NOT BE COMMISSIONED ANNUALLY BUT MAY BE SOUGHT PERIODICALLY). 3. ASSESSMENT OR PERFORMANCE. THE COMPENSATION COMMITTEE WILL TAKE INTO ACCOUNT: (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD, (II) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD, AND (III) SUCH OTHER CONSIDERATIONS AS MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS. X 16 27811 FMV X SPORTS TICKETS 5 11825 FMV X WINE AUCTION AUCTIONEER 1 5000 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 ODF'S SOLE MEMBER IS THE MORTGAGE BANKERS ASSOCIATION (MBA), A SECTION 501(C)(6) RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MBA HAS THE POWER TO APPOINT AND REMOVE DIRECTORS OF ODF, AND ALSO HAS THE POWER TO ADJUST THE TOTAL NUMBER OF ODF BOARD MEMBERS. ADDITIONALLY, ANY ACTION OF ODF REQUIRING MEMBER APPROVAL MUST OBTAIN APPROVAL OF MBA, AS SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B MBA APPROVES THE APPOINTMENT OF DIRECTORS AND ANY CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT, AND THE BOARD IS PROVIDED A COPY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ODF ADHERES TO ITS CONFLICT OF INTEREST POLICY TO PROTECT THE ORGANIZATION WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION (OR OTHER PERSON LISTED BELOW) OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. THE POLICY IMPOSES A DUTY TO DISCLOSE A FINANCIAL INTEREST, AS DEFINED, WHETHER DIRECT OR INDIRECT, OF A DIRECTOR, OFFICER, MANAGER, KEY EMPLOYEE(AS DEFINED) OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. THE DUTY ENCOMPASSES DISCLOSURE OF ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEDURES FOR ADDRESSING THE FINANCIAL INTEREST ARE: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ODF ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THAT THERE IS NO CONFLICT OF INTEREST, THE TRANSACTION OR ARRANGEMENT IS NOT SUBJECT TO THE REMAINING PROCEDURES C. THROUGH E. OUTLINED IN THIS SECTION 3. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THAT THERE IS A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL FOLLOW THE PROCEDURES OUTLINED IN PARAGRAPHS C. THROUGH E. OF THIS SECTION 3. C. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. D. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. E. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. UNDER THE POLICY, A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: 1. AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, 2. A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR 3. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ODF ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. - COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. - A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. UNDER ARTICLE III, SECTION 2, A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BOARD OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C MBA'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY OF OVERSEEING THE AUDIT OF MBA OPENS DOORS FOUNDATION. MORTGAGE BANKERS ASSOCIATION 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 361505650 REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF THE FINANCE INDUSTRY IL 501(C)(6) 0 RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 366109824 FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE IL 501(C)(3) LINE 12A, I MORTGAGE BANKERS ASSOCIATION 0 MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 510502943 DEVEOLPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS DE 501(C)(6) MORTGAGE BANKERS ASSOCIATION 0 MORPAC 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 526144335 POLITICAL ACTION COMMITTEE DC 527 MORTGAGE BANKERS ASSOCIATION 0 MORTGAGE ACTION ALLIANCE INCORPORATED 1919 M STREET NW 5TH FLOOR WASHINGTON DC 20036 271893100 SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY DE 501(C)(6) MORTGAGE BANKERS ASSOCIATION 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 MORTGAGE BANKERS ASSOCIATION O 639137 CASH-BOOK VALUE MORTGAGE BANKERS ASSOCIATION C 80758 CASH-BOOK VALUE MORTGAGE BANKERS ASSOCIATION S 312679 CASH-BOOK VALUE SCHEDULE R PART V LINE 2 MBA OPENS DOORS FOUNDATION RECEIVES IN KIND SERVICES INCLUDING SHARING OF EMPLOYEES AND FACILITIES WITH MORTGAGE BANKERS ASSOCIATION. THE ESTIMATED AMOUNT IS INCLUDED ON SCHEDULE R PART V LINE 2.