Civic Intelligence

Massachusetts Mortgage Bankers

EIN 20-1367183 • 501(c)3 • Boston, MA

Profile

Education and promotion of affordable housing within the commonwealth of massachusetts.

185 Devonshire Street Suite 601Boston, MA 02110

www.massmba.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.00x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

96th percentile

261%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$408,057

Up $15,684 (+4.0%) from 2023

Liabilities

Up

$2,160

Up $2,160 from 2023

Net Assets

Up

$405,897

Up $13,524 (+3.4%) from 2023

Revenue

Up

$38,337

Up $26,524 (+225%) from 2023

Expenses

Up

$42,858

Up $42,823 (+122351%) from 2023

Net Income

Down

-$4,521

Down $16,299 (-138%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $194,793Liabilities 2010: $22,466Net Assets 2010: $172,3272010Assets 2011: $205,431Liabilities 2011: $24,368Net Assets 2011: $181,0632011Assets 2012: $199,026Liabilities 2012: $19,898Net Assets 2012: $179,1282012Assets 2013: $199,581Liabilities 2013: $9,085Net Assets 2013: $190,4962013Assets 2014: $214,635Liabilities 2014: $1,050Net Assets 2014: $213,5852014Assets 2015: $232,379Liabilities 2015: $1,350Net Assets 2015: $231,0292015Assets 2016: $249,229Liabilities 2016: $100Net Assets 2016: $249,1292016Assets 2017: $266,762Liabilities 2017: $1,137Net Assets 2017: $265,6252017Assets 2018: $267,828Liabilities 2018: $1,450Net Assets 2018: $266,3782018Assets 2019: $297,996Liabilities 2019: $2,600Net Assets 2019: $295,3962019Assets 2020: $333,939Liabilities 2020: $100Net Assets 2020: $333,8392020Assets 2021: $375,914Liabilities 2021: $100Net Assets 2021: $375,8142021Assets 2022: $348,398Liabilities 2022: $10,100Net Assets 2022: $338,2982022Assets 2023: $392,373Liabilities 2023: $0Net Assets 2023: $392,3732023Assets 2024: $408,057Liabilities 2024: $2,160Net Assets 2024: $405,8972024

Highlighted filing

2024

Assets$408,057
Liabilities$2,160
Net Assets$405,897

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2010: $18,436Expenses 2010: $13,434Net Income 2010: $5,0022010Revenue 2011: $23,969Expenses 2011: $15,233Net Income 2011: $8,7362011Revenue 2012: $12,872Expenses 2012: $14,807Net Income 2012: -$1,9352012Revenue 2013: $22,318Expenses 2013: $10,950Net Income 2013: $11,3682013Revenue 2014: $29,404Expenses 2014: $13,800Net Income 2014: $15,6042014Revenue 2015: $18,661Expenses 2015: $13,908Net Income 2015: $4,7532015Revenue 2016: $23,410Expenses 2016: $14,785Net Income 2016: $8,6252016Revenue 2017: $37,838Expenses 2017: $21,481Net Income 2017: $16,3572017Revenue 2018: $28,007Expenses 2018: $27,254Net Income 2018: $7532018Revenue 2019: $44,288Expenses 2019: $15,270Net Income 2019: $29,0182019Revenue 2020: $52,443Expenses 2020: $14,000Net Income 2020: $38,4432020Revenue 2021: $50,195Expenses 2021: $8,220Net Income 2021: $41,9752021Revenue 2022: $16,911Expenses 2022: $10,900Net Income 2022: $6,0112022Revenue 2023: $11,813Expenses 2023: $35Net Income 2023: $11,7782023Revenue 2024: $38,337Expenses 2024: $42,858Net Income 2024: -$4,5212024

Highlighted filing

2024

Revenue$38,337
Expenses$42,858
Net Income-$4,521

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.08$0.02$4.06$0.38$0.43$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.92$0.00$3.92$0.12$0.00$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.48$0.10$3.38$0.17$0.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.50$0.08$0.42
2020Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.52$0.14$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.98$0.03$2.95$0.44$0.15$0.29
2018Detailed filing. Detailed filing data is available for this year.$2.68$0.01$2.66$0.28$0.27$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.67$0.01$2.66$0.38$0.21$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.23$0.15$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.01$2.31$0.19$0.14$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.15$0.01$2.14$0.29$0.14$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.00$0.09$1.90$0.22$0.11$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.20$1.79$0.13$0.15$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.24$1.81$0.24$0.15$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.22$1.72$0.18$0.13$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 14, 2025
Return Version
2024v5.2
Gross Receipts
$38,337
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
EDUCATION AND PROMOTION OF AFFORDABLE HOUSING WITHIN THE COMMONWEALTH OF MASSACUSETTS.$30,000$12,357
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG M NARDIPresident-$0--
GREG KORNTreasurer-$0--
DEBORAH SOUSAClerk-$0--
RYAN M HAYESDirector-$0--
PHIL TOCCIVice President-$0--
PETER FRASERDirector-$0--
DENNY BEYDirector-$0--
JOSEPH LAUREANNODirector-$0--
SAMIA DEMARCODirector-$0--
MICHAEL SINCLAIRDirector-$0--
Filing and Contact Details

Filer

Filer Name
Massachusetts Mortgage Bankers
EIN
20-1367183
Phone
6175709114
Address
185 DEVONSHIRE STREET SUITE 601, BOSTON, MA 02110

Signing Officer

Name
Deborah Sousa
Title
Secretary
Phone
6175709114
Signed
2025-07-14

Preparer

Firm
Daniel Dennis and Company Llp
Address
990 WASHINGTON STREET SUITE 308A, DEDHAM, MA 02026
Preparer
Kenneth Lund
Phone
6172629898
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 9,602. Description: investment income. Amount: 15,071. Total included on form 990-ez, line 4: 24,673.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: other income. Amount: 6,872.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: affordable housing tax exempt entities. Grantee name: various community development organizations. Grantee address: greater boston area greater boston, ma 02110. Grantee relationship: none. Property description: cash. Date of gift: various. Amount given: 30,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: miscellaneous expenses. Amount: 2,198. Description: rebuilding together boston. Amount: 8,500. Total to form 990-ez, line 16: 10,698.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: unrealized gain on investments. Amount: 18,045.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 5,700. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 2,160.

Raw XML Appendix198 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CRAIG M NARDI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 9,602. DESCRIPTION: INVESTMENT INCOME. AMOUNT: 15,071. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 24,673.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OTHER INCOME. AMOUNT: 6,872.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: AFFORDABLE HOUSING TAX EXEMPT ENTITIES. GRANTEE NAME: VARIOUS COMMUNITY DEVELOPMENT ORGANIZATIONS. GRANTEE ADDRESS: GREATER BOSTON AREA GREATER BOSTON, MA 02110. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 30,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 2,198. DESCRIPTION: REBUILDING TOGETHER BOSTON. AMOUNT: 8,500. TOTAL TO FORM 990-EZ, LINE 16: 10,698.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: UNREALIZED GAIN ON INVESTMENTS. AMOUNT: 18,045.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 5,700. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,160.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH SOUSA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06175709114
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS MORTGAGE BANKERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0201367183
ReturnHeader/Filer/PhoneNum06175709114
ReturnHeader/Filer/USAddress/AddressLine1Txt0185 DEVONSHIRE STREET SUITE 601
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042734674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANIEL DENNIS AND COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0990 WASHINGTON STREET SUITE 308A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEDHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002026
ReturnHeader/PreparerPersonGrp/PhoneNum06172629898
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH LUND
ReturnHeader/ReturnTs02025-07-14T12:45:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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