Form990-EZ
Click to see attachment
Department of the Treasury
Internal Revenue Service
Short Form
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code
(except black lung benefit trust or private foundation)
bullet Sponsoring organizations of donor advised funds, organizations that operate one or more hospital facilities, and certain controlling organizations as defined in section 512(b)(13) must file Form 990 (see instructions).
All other organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the year may use this form.
bulletThe organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-1150
2010
Open to Public
Inspection
A
For the 2010 calendar year, or tax year beginning 01-01-2010, and ending 12-31-2010
B
Check if applicable:
C Name of organization
VIRGINIA MORTGAGE LENDERS ASSOCIATI
 
Number and street (or P. O. box, if mail is not delivered to street address)638 INDEPENDENCE PARKWAY
ROOM/SUITE 100Room/suite
City or town, state or country, and ZIP + 4 CHESAPEAKE, VA23320
D Employer identification number

54-0755922
E Telephone number

(757) 473-2160
F Group Exemption
Number. . bullet  
G Accounting method: Other (specify) bullet   H Check bulletI Website:bulletWWW.VIRGINIAMLA.COMJ Tax-Exempt status(check only one)—( 6) bullet(insert no.) or
K Check bullet A Form 990-EZ or Form 990 return is not required though Form 990-N (e-postcard) may be required (see instructions). But if the organization chooses to file a return, be sure to file a complete return.
L Add lines 5b, 6c, and 7b, to line 9 to determine gross receipts; If gross receipts are $200,000 or more, or if total assets (Part II, line 25, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ.. . bullet $ 106,795
Part IRevenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions for Part I.) Check if the organization used Schedule O to respond to any question in this Part I . . . . . . . .
VerticalRevenue 1 Contributions, gifts, grants, and similar amounts received . . . . . . . . . 1  
2 Program service revenue including government fees and contracts . . . . . . . 2 63,786
3 Membership dues and assessments . . . . . . . . . . . . . . 3 42,971
4 Investment income . . . . . . . . . . . . . . . . . . 4 3
5a Gross amount from sale of assets other than inventory . . . . 5a  
b Less: cost or other basis and sales expenses . . 5b  
c Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) . . 5c  
6 Gaming and fundraising events
a Gross income from gaming (attach Schedule G if greater than $15,000) 6a  
b Gross income from fundraising events (not including $   of contributions from fundraising events reported on line 1) (attach Schedule G if the sum of such gross income and contributions exceed $15,000) . . . . . . .
c Less: direct expenses from gaming and fundraising events . . . 6c  
d Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c) 6d  
7a Gross sales of inventory, less returns and allowances . . . . 7a  
b Less: cost of goods sold . . . . . . . . . . 7b  
c Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) . . . . . . 7c  
8 Other revenue (describe in Schedule O) . . . . . . . . . 8 35
9 Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 . . . . . . . . . 9 106,795
VerticalExpenses 10 Grants and similar amounts paid (list in Schedule O) . . . . . . . . 10  
11 Benefits paid to or for members . . . . . . . . . . . . . . . 11  
12 Salaries, other compensation, and employee benefits . . . . . . . . . . . 12  
13 Professional fees and other payments to independent contractors . . . . . . . . 13 57,346
14 Occupancy, rent, utilities, and maintenance . . . . . . . . . . . . . 14  
15 Printing, publications, postage, and shipping . . . . . . . . . . . . 15  
16 Other expenses (describe in Schedule O) . . . . . . . . . . 16 29,654
17 Total expenses. Add lines 10 through 16 . . . . . . . . . . . . 17 87,000
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9) . . . . . . . . . 18 19,795
19 Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
end-of-year figure reported on prior year’s return) . . . . . . . . . . . 19 3,898
20 Other changes in net assets or fund balances (explain in Schedule O) . . . . . . . 20  
21 Net assets or fund balances at end of year. Combine lines 18 through 20 . . . . . Bullet 21 23,693
Part IIBalance Sheets Check if the organization used Schedule O to respond to any question in this Part II. . . . . . . . .

(See the instructions for Part II.)(A) Beginning of year(B) End of year
22Cash, savings, and investments . . . . . . . . . .
42,247
22
62,638
23Land and buildings . . . . . . . . . . . . .
 
23
 
24Other assets (describe in Schedule O) . . . . . .
1,222
24
1,398
25Total assets . . . . . . . . . . . . . .
43,469
25
64,036
26
Total liabilities (describe in Schedule O) . . . . .
39,571
26
40,343
27Net assets or fund balances (line 27 of column (B) must agree with line 21) .
3,898
27
23,693
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2010)
Form 990-EZ (2010)
Page 2
Part IIIStatement of Program Service Accomplishments Check if the organization used Schedule O to respond to any question in this Part III . Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts; optional for others.)
What is the organization's primary exempt purpose? THE MISSION OF THE VMLA IS TO IMPROVE AND PRESERVE THE MORTGAGE BANKING INDUSTRY THROUGH SOUND ETHICAL BUSINESS PRACTICES, MEMBER EDUCATION, LEGISLATIVE AWARENESS, STRATEGIC ALLIANCES, AND EMBRACING TECHNOLOGICAL CHANGES. PROMOTE HOME OWNERSHIP THROUGH COMMUNITY INVOLVEMENT, PUBLIC AWARENESS, AND COMMON GOALS. SERVE AS LIASON FOR THE MEMBERSHIP TO NATIONAL MBA, LOCAL MBA CHAPTERS AND LEGISLATORS.
Describe what was achieved in carrying out the organization's exempt purposes. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 THE MISSION OF THE VMLA IS TO IMPROVE AND PRESERVE THE MORTGAGE BANKING INDUSTRY THROUGH SOUND ETHICAL BUSINESS PRACTICES, MEMBER EDUCATION, LEGISLATIVE AWARENESS, STRATEGIC ALLIANCES, AND BY EMBRACING TECHNOLOGICAL CHANGES.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a  
29
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		29a
30
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		30a
31 Other program services (describe in Schedule O) . . . . . . . . . . . .
(Grants $   ) If this amount includes foreign grants, check here...MediumBullet		 31a
32 Total program service expenses (add lines 28a through 31a) . . . . . . . . . bullet 32  
Part IVList of Officers, Directors, Trustees, and Key Employees. List each one even if not compensated. (See the instructions for Part IV.) Check if the organization used Schedule O to respond to any question in this Part IV . . . . . . . .
(a) Name and address (b) Title and average
hours per week
devoted to position		 (c) Compensation
(If not paid,
enter -0-.) 		(d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
JANET AHLClick to see attachment
11 CAMPUS BLVD SUITE 110
NEWTOWN SQUARE,PA19073
 ASSOCIATE DI1.00 0    
BOYD ALLISON JRClick to see attachment
13651 GLENDOWER ROAD
MIDLOTHIAN,VA23113
 ASSOCIATE DI1.00 0    
GREG CUENINClick to see attachment
4893 PRINCE WILLIAM PKWY 102
WOODBRIDGE,VA22192
 DIRECTOR AT1.00 0    
STEVEN A FARBSTEINClick to see attachment
3900 WESTERRE PARKWAY STE 102
RICHMOND,VA23233
 DIRECTOR AT1.00 0    
LEIGH ANN GRAHAMClick to see attachment
2501 COURTHOUSE DR
VIRGINIA BEACH,VA23456
 TIDEWATER DI1.00 0    
BETH B GRANTClick to see attachment
400 HOLIDAY COURT 103
WARRENTON,VA20186
 NOVA DIRECTO1.00 0    
BRIAN HOLLANDClick to see attachment
1427 N GREAT NECK RD 201
VIRGINIA BEACH,VA23454
 DIRECTOR AT1.00 0    
ROBERT HELTZELClick to see attachment
9393 FORESTWOOD LANE
MANASSAS,VA20110
 VICE PRESIDE1.00 0    
ALICIA O'BRIENClick to see attachment
5014 MONUMENT AVENUE
RICHMOND,VA23230
 RICHMOND DIR1.00 0    
RODNEY WORDClick to see attachment
2810 CHARTSTONE COURT
MIDLOTHIAN,VA23113
 TREASURER1.00 0    
JAMES G CARTERClick to see attachment
901 SEMMES AVENUE MTG 1735
RICHMOND,VA23224
 PAST PRESIDE1.00 0    
BRANDON RAMSEYClick to see attachment
500 VIKING DR SUITE 300
VIRGINIA BEACH,VA23450
 PRESIDENT1.00 0    
JERRY W MABRYClick to see attachment
15521 MIDLOTHIAN TURNPIKE 101
MIDLOTHIAN,VA23113
 PRESIDENT EL1.00 0    
TU RITTERClick to see attachment
825 DILIGENCE DRIVE 116
NEWPORT NEWS,VA23606
 PENINSULA DI1.00 0    
RIC SEGOVIAClick to see attachment
2750 KILLARNEY DRIVE 105
WOODBRIDGE,VA22192
 DIRECTOR AT1.00 0    
KELLIE STEGERClick to see attachment
2766 SPENCERWOOD DR
POWHATAN,VA23139
 ASSOCIATE DI1.00 0    
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 3
Part VOther Information(Note the statement requirements in the instructions for Part V.)YesNo Check if the organization used Schedule O to respond to any question in this Part V . . . .
33
Did the organization engage in any activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ..............
33
 
No
34
Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the change on Schedule O (see instructions). ...................
34
 
No
35
If the organization had income from business activities, such as those reported on lines 2, 6a, and 7a (among others), but not reported on Form 990-T, explain in Schedule O why the organization did not report the income on Form 990-T. ........................
a
Did the organization have unrelated business gross income of $1,000 or more or was it a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements?
35a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year? (see instructions) ........
35b
 
 
36
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes,” complete applicable parts of Schedule N .............
36
 
No
37a
Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet
37a
 
b
Did the organization file Form 1120-POL for this year? ...............
37b
 
No
38a
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were
any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?
38a
 
No
b
If “Yes,” complete Schedule L, Part II and enter the total amount involved .
38b
 
39
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on line 9 ......
39a
 
b
Gross receipts, included on line 9, for public use of club facilities ....
39b
 
40a
Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:
section 4911 bullet   ; section 4912 bullet   ; section 4955 bullet  
b
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I. ....
40b
 
 
c
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ..bullet  
d
Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax on line 40c reimbursed by the organization ...................bullet  
e
All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T. .................
40e
 
No
41List the states with which a copy of this return is filed. bullet
42aThe organization's books are in care of bulletORGANIZATION MANAGEMENT GROUP INC Telephone no. bullet (757) 609-3660
Located at bullet638 INDEPENDENCE PARKWAY SUITE 100
CHESAPEAKE,VA ZIP + 4bullet23320
b
At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
Yes
No
42b
 
No
If “Yes,” enter the name of the foreign country: bullet  
See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
c
At any time during the calendar year, did the organization maintain an office outside of the U.S.?
42c
 
No
If “Yes,” enter the name of the foreign country: bullet  
43.......bullet
and enter the amount of tax-exempt interest received or accrued during the tax year . . . bullet43
 
44a
Did the organization maintain any donor advised funds? If "Yes", Form 990 must be completed instead of
Yes
No
Form 990-EZ.. . . . . . . . . . . . . . . . . . . .
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If ‘Yes,’ Form 990 must be completed instead of Form990-EZ. . . . . . . . .
44b
 
No
c
Did the organization receive any payments for indoor tanning services during the year? . . . . . . .
44c
 
No
d
If 'Yes' to line 44c, has the organization filed a Form 720 to report these payments? If ‘No,’ provide an explanation in Schedule O. . . . . . . . .
44d
 
 
45
Is any related organization a controlled entity of the organization within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. . . . . . . . .
45
 
No
45a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. .
45a
 
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I. . . . . . . . . .
46
 
No
Form 990-EZ (2010)
Form 990-EZ (2010)
Page 4
Part VI
Section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts must answer questions 47-49b and 52. Check if the organization used Schedule O to respond to any question in this Part VI . . . . . . . .
Yes
No
47
Did the organization engage in lobbying activities? If "Yes," complete Schedule C, Part II . . . .
47
 
 
48
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E . . .
48
 
 
49a
Did the organization make any transfers to an exempt non-charitable related organization? . . . .
49a
 
 
b
If "Yes," was the related organization a section 527 organization? . . . . . . . . .
49b
 
 
50
Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each employee paid more than $100,000 (b) Title and average
hours per week
devoted to position		 (c) Compensation
 (d) Contributions to
employee benefit plans &
deferred compensation		 (e) Expense
account and
other allowances
 
50(f)
Total number of other employees paid over $100,000 . . . . . . . . . . . . . bullet  

51
Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and address of each independent contractor paid more than $100,000 (b) Type of service (c) Compensation
 
51(d)
Total number of other independent contractors each receiving over $100,000 . . . . . . . bullet  
52
Did the organization complete Schedule A? NOTE: All Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A ....................
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(See instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2010)

Additional Data


Software ID:  
Software Version:  

Form 990-EZ, Special Condition Description:
Special Condition Description
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
VIRGINIA MORTGAGE LENDERS ASSOCIATI
 
Employer identification number

54-0755922
Identifier Return Reference Explanation
OTHER REVENUE FORM 990-EZ, PART I, LINE 8 MISCELLANEOUS 35 TOTAL 35
OTHER EXPENSES FORM 990-EZ, PART I, LINE 16 EXPENSES CONFERENCES/MEETINGS 23,458 INSURANCE 1,028 CREDIT CARD DISCOUNTS 2,227 DUES 1,000 OFFICE EXPENSE 708 POSTAGE & DELIVERY 112 PRINTING 368 TAXES, LICENSE, FEES 25 TELEPHONE 728 TOTAL 29,654
OTHER ASSETS FORM 990-EZ, PART II, LINE 24 PREPAID EXPENSES AND DEFERRED CHARGES 1,222 1,398 TOTAL 1,222 1,398
OTHER LIABILITIES FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 639 2,008 DEFERRED REVENUE 28,190 26,760 DUE TO AFFILIATES 10,742 11,575
PRIMARY EXEMPT PURPOSE FORM 990-EZ, PART III THE MISSION OF THE VMLA IS TO IMPROVE AND PRESERVE THE MORTGAGE BANKING INDUSTRY THROUGH SOUND ETHICAL BUSINESS PRACTICES, MEMBER EDUCATION, LEGISLATIVE AWARENESS, STRATEGIC ALLIANCES, AND EMBRACING TECHNOLOGICAL CHANGES. PROMOTE HOME OWNERSHIP THROUGH COMMUNITY INVOLVEMENT, PUBLIC AWARENESS, AND COMMON GOALS. SERVE AS LIASON FOR THE MEMBERSHIP TO NATIONAL MBA, LOCAL MBA CHAPTERS AND LEGISLATORS.
FIRST ACHIEVEMENT FORM 990-EZ, PART III, LINE 28 THE MISSION OF THE VMLA IS TO IMPROVE AND PRESERVE THE MORTGAGE BANKING INDUSTRY THROUGH SOUND ETHICAL BUSINESS PRACTICES, MEMBER EDUCATION, LEGISLATIVE AWARENESS, STRATEGIC ALLIANCES, AND BY EMBRACING TECHNOLOGICAL CHANGES.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  

TY 2010 CompensationExplanation
Name:
VIRGINIA MORTGAGE LENDERS ASSOCIATI
EIN: 54-0755922
Person Name Explanation
JANET AHL  
BOYD ALLISON JR  
GREG CUENIN  
STEVEN A FARBSTEIN  
LEIGH ANN GRAHAM  
BETH B GRANT  
BRIAN HOLLAND  
ROBERT HELTZEL  
ALICIA OBRIEN  
RODNEY WORD  
JAMES G CARTER  
BRANDON RAMSEY  
JERRY W MABRY  
TU RITTER  
RIC SEGOVIA  
KELLIE STEGER