Nonprofit · EIN 52-2062500
NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION
Also known as NRMLA
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,585,645 | $2,003,814 | -$418,169 | $864,346 | $233,684 | $630,662 |
| December 31, 2023 | 990 | $1,792,465 | $2,091,352 | -$298,887 | $1,429,976 | $381,145 | $1,048,831 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $898,187
- Membership dues
- $898,187
- Program service revenue
- $652,966
- Investment income
- $34,492
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $212,809
- Accounting fees
- $31,600
- Occupancy
- $68,459
- Travel
- $10,701
- Depreciation
- $698
- Program services (functional)
- $584,383
- Management and general (functional)
- $1,419,431
Balance sheet and other
- Total assets, start of year
- $1,429,976
- Total assets, end of year
- $864,346
- Total liabilities, end of year
- $233,684
- Net assets, end of year
- $630,662
- Land, buildings and equipment
- $2,000
- Net assets without donor restrictions
- $630,662
- Gross receipts
- $1,585,645
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1998
- State of legal domicile
- DC
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 |
|---|---|---|---|
| MICHAEL KENT | CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| ELLY JOHNSON | SECRETARY Trustee or director, Officer | 0 | $0 |
| MICHAEL MCCULLY | TREASURER Trustee or director, Officer | 0 | $0 |
| JIM CORY | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| ROBERT SIVORI | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| ROB AWALT | DIRECTOR Trustee or director | 0 | $0 |
| JEFFREY BAKER | DIRECTOR Trustee or director | 0 | $0 |
| CARMALON BATISTE | DIRECTOR Trustee or director | 0 | $0 |
| TERRY CONNEALY | DIRECTOR Trustee or director | 0 | $0 |
| JENNIFER COSENTIINI | DIRECTOR Trustee or director | 0 | $0 |
| LAURA CULLEN | DIRECTOR Trustee or director | 0 | $0 |
| JOSEPH DEMARKEY | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER DOWNEY | DIRECTOR Trustee or director | 0 | $0 |
| BRETT DUNN | DIRECTOR Trustee or director | 0 | $0 |
| BRYAN FARON | DIRECTOR Trustee or director | 0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN FRYE | DIRECTOR Trustee or director | 0 | $0 |
| KEVIN GHERARDI | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT HARMES | DIRECTOR Trustee or director | 0 | $0 |
| KRISTINA LARESE | DIRECTOR Trustee or director | 0 | $0 |
| RYAN LAROSE | DIRECTOR Trustee or director | 0 | $0 |
| BRITANY LUTH | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER MAYER | DIRECTOR Trustee or director | 0 | $0 |
| JIM MILANO | DIRECTOR Trustee or director | 0 | $0 |
| ERIK MORIN | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT NORMAN | DIRECTOR Trustee or director | 0 | $0 |
| ALEXANDER PISTONE | DIRECTOR Trustee or director | 0 | $0 |
| LOREN RIDDICK | DIRECTOR Trustee or director | 0 | $0 |
| JONATHAN SCARPATI | DIRECTOR Trustee or director | 0 | $0 |
| PETER SCIANDRA | DIRECTOR Trustee or director | 0 | $0 |
| JAY WRIGHT | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KENT | CO-CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| SCOTT NORMAN | CO-CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| JIM CORY | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| ROBERT SIVORI | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| ELLY JOHNSON | SECRETARY Trustee or director, Officer | 0 | $0 |
| MICHAEL MCCULLY | TREASURER Trustee or director, Officer | 0 | $0 |
| ROB AWALT | DIRECTOR Trustee or director | 0 | $0 |
| CARMALON BATISTE | DIRECTOR Trustee or director | 0 | $0 |
| TERRY CONNEALY | DIRECTOR Trustee or director | 0 | $0 |
| JENNIFER COSENTIINI | DIRECTOR Trustee or director | 0 | $0 |
| LAURA CULLEN | DIRECTOR Trustee or director | 0 | $0 |
| JOSEPH DEMARKEY | DIRECTOR Trustee or director | 0 | $0 |
| CHRIS DOWNEY | DIRECTOR Trustee or director | 0 | $0 |
| KEVIN GHERADI | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT HARMES | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTINA LARESE | DIRECTOR Trustee or director | 0 | $0 |
| RYAN LAROSE | DIRECTOR Trustee or director | 0 | $0 |
| MEGEN LAWLER | DIRECTOR Trustee or director | 0 | $0 |
| BRITANY LUTH | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER MAYER | DIRECTOR Trustee or director | 0 | $0 |
| ALEXANDER PISTONE | DIRECTOR Trustee or director | 0 | $0 |
| LOREN RIDDICK | DIRECTOR Trustee or director | 0 | $0 |
| ED ROBINSON | DIRECTOR Trustee or director | 0 | $0 |
| STEPHEN RYCZEK | DIRECTOR Trustee or director | 0 | $0 |
| JAY WRIGHT | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 19TH STREET NW 5TH FLOOR, WASHINGTON, DC 20036-1609
- Principal officer (990 for 2024)
- STEVE IRWIN, 1300 19TH STREET NW 5TH FLOOR, WASHINGTON, DC 200361609
- Signed the 990
- STEVE IRWIN, CEO
- Phone
- (202) 557-3522
- Website
- WWW.NRMLAONLINE.ORG
- Return prepared by
- HEIMLANTZ CPAS & ADVISORS LLC
Mission
TO EDUCATE CONSUMERS ABOUT THE PROS AND CONS OF REVERSE MORTGAGES, TO TRAIN LENDERS TO BE SENSITIVE TO CLIENTS' NEEDS, TO ENFORCE OUR CODE OF CONDUCT AND BEST PRACTICES, AND TO PROMOTE REVERSE MORTGAGES IN THE NEWS MEDIA.
Program accomplishments
- MEETINGS AT WHICH CASE STUDIES ARE DISCUSSED, GROUP DISCUSSIONS ARE HELD AND EXPERT SPEAKERS ARE PRESENTED. ALL MATTERS PERTAIN TO REVERSE MORTGAGE LENDING.Expenses $186,949 · revenue $406,544
- NEWSLETTER, OTHER EDUCATIONAL MATERIALS, MATERIALS SENT TO ALL MEMBERS, AND WEBSITE MAINTENANCE.Expenses $160,259 · revenue $23,390
- PROVIDE INFORMATION TO THE GENERAL PUBLIC ON AVAILABLE REVERSE MORTGAGE PRODUCTS; CONSUMER INFORMATION.Expenses $237,175 · revenue $223,032
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
- 52-2062500
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $864,346
- Income (IRS master file)
- $1,585,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,585,645 | $2,003,814 | $864,346 | XML |
| 990 | December 2023 | $1,792,465 | $2,091,352 | $1,429,976 | XML |
| 990 | December 2022 | $2,975,782 | $2,550,931 | $1,805,107 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-2062500).
Questions about NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION
- What is the EIN of NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION?
- The employer identification number (EIN) of NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION is 52-2062500.
- Is NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION 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 NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION 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 NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION 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 NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names STEVE IRWIN.
- Who are the officers and directors of NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 0 received compensation from the organization.
- How much revenue does NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,585,645, expenses of $2,003,814 and total assets of $864,346 at year end.
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