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← RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND

Form 990 for tax year 2022

Filed by RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND.

Totals

Total revenue
$164,579
Total expenses
$286,104
Contributions and grants received
$0
Grants paid
$199,909
Program service revenue
$0
Investment income
$164,579
Other revenue
$0
Total assets, end of year
$4,180,244
Total liabilities, end of year
$40,000
Net assets or fund balances, end of year
$4,140,244
Program services expenses (Part IX)
$249,634
Management and general expenses
$36,470
Fundraising expenses
$0
Program service expenses (Part III)
$249,634

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $164,329 · excluded $164,329

  • 7a · Gross sales of assets other than inventory

    securities $886,687

  • 7b · Less cost or other basis and sales expenses

    securities $886,437

  • 7c · Gain or loss

    securities $250

  • 7d · Net gain or loss

    total $250 · excluded $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,000 · program services $162,000

  • 2 · Grants to domestic individuals

    total $36,000 · program services $36,000

  • 3 · Grants to foreign organizations and individuals

    total $1,909 · program services $1,909

  • 11b · Fees: legal

    total $265 · management and general $265

  • 11c · Fees: accounting

    total $10,605 · management and general $10,605

  • 11f · Fees: investment management

    total $24,196 · management and general $24,196

  • 13 · Office expenses

    total $297 · management and general $297

  • 17 · Travel

    total $692 · management and general $692

  • 21 · Payments to affiliates

    total $49,725 · program services $49,725

  • 24a · Other expenses: STAFF REGISTRATION

    total $415 · management and general $415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,749 · end of year $30,458

  • 4 · Accounts receivable

    beginning of year $29 · end of year $34

  • 11 · Investments: publicly traded securities

    beginning of year $4,092,280 · end of year $4,149,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000 · end of year $40,000

  • 18 · Grants payable

    beginning of year $20,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,134,558 · end of year $4,140,244

Mission and programs · 2022

Mission

THE MISSION OF THE RESEARCH INSTITUTE FOR HOUSING AMERICA IS TO PROMOTE AND DISSEMINATE KNOWLEDGE ON THE FUNCTIONING, STRUCTURE, AND FUTURE OF MORTGAGE MARKETS. AN EMPHASIS IS PLACED UPON ISSUES THAT WILL INFORM BOTH BUSINESS AND POLICY DECISIONS, WITH ATTENTION GIVEN TO EMERGING FINANCIAL AND ECONOMIC CHANGES WITHIN, AND AFFECTING, THOSE MARKETS.

Activities or mission (Part I)

SEE SCHEDULE O.THE RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND WAS CREATED BY THE MORTGAGE BANKERS ASSOCIATION TO ENCOURAGE AND SUPPORT RESEARCH AND HIGHER EDUCATION ACTIVITIES IN THE FIELD OF MORTGAGE BANKING. THE TRUST AWARDS GRANTS TO EDUCATIONAL INSTITUTIONS IN ORDER TO PROMOTE HIGHER EDUCATIONAL STANDARDS, AND PREPARE COURSES AND PUBLICATIONS RELATED TO MORTGAGE BANKING AND REAL ESTATE FINANCE.

  • THE INSTITUTE SPONSORS AND DISSEMINATES RIGOROUS YET ACCESSIBLE RESEARCH FOCUSED ON ISSUES IMPACTING HOUSING AND MORTGAGE MARKETS.RIHA MAKES GRANTS TO INSTITUTIONS AND INDIVIDUALS THAT FURTHER ITS EXEMPT PURPOSE OF ENCOURAGING AND AIDING THE PURSUIT OF KNOWLEDGE OF MORTGAGE MARKETS AND REAL ESTATE FINANCE. THE RESEARCH PRODUCTS THAT ARE SUPPORTED WITH THESE GRANTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH RIHA'S WEB SITE AT WWW.HOUSINGAMERICA.ORG/PUBLISHEDREPORTS. THE FOLLOWING PAPERS HAVE BEEN PUBLISHED THROUGH THE FISCAL YEAR 2023: FISCAL YEAR 2023-- A COLLECTION OF ESSAYS ON CLIMATE RISK AND THE HOUSING MARKET VOLUME I-- A COLLECTION OF ESSAYS ON CLIMATE RISK AND THE HOUSING MARKET VOLUME IIFISCAL YEAR 2022-- THE IMPACT OF CLIMATE CHANGE ON HOUSING AND HOUSING FINANCE-- THE DISTRIBUTION OF WEALTH IN AMERICA SINCE 2016-- WHO WILL BUY THE BABY BOOMERS' HOMES WHEN THEY LEAVE THEM?FISCAL YEAR 2021-- HOUSING-RELATED FINANCIAL DISTRESS DURING THE PANDEMIC-- THE DISTRIBUTION OF WEALTH SINCE THE GREAT RECESSION-- THE LOCATION OF AFFORDABLE AND SUBSIDIZED RENTAL HOUSING ACROSS AND WITHIN THE LARGEST CITIES IN THE UNITED STATES-- WHY ARE OLDER WORKERS MOVING LESS WHILE WORKING LONGER?FISCAL YEAR 2020-- NO NEW PUBLISHED PAPERS IN FY2020FISCAL YEAR 2019-- NO NEW PUBLISHED PAPERS IN FY2019FISCAL YEAR 2018-- QUANTIFIED PARKING: COMPREHENSIVE PARKING INVENTORIES FOR FIVE U.S. CITIESFISCAL YEAR 2017-- OWNED NOW RENTED LATER? HOUSING STOCK TRANSITIONS AND MARKET DYNAMICS-- MANAGING MORTGAGE PRODUCT DEVELOPMENT RISK (COMPLETED DURING THE FISCAL YEAR 2017 BUT RELEASED ON 9/14/2017) FISCAL YEAR 2016-- COGNITIVE DECLINE AND FINANCIAL DECISION-MAKING AS INDIVIDUALS AGE-- DIVERTED HOMEOWNERS, THE RENTAL CRISIS, AND FOREGONE HOUSEHOLD FORMATION-- THE AFFORDABILITY OF OWNER-OCCUPIED HOUSING IN THE UNITED STATES: ECONOMIC PERSPECTIVESFISCAL YEAR 2015-- DEMOGRAPHIC DRIVERS OF THE US HOMEOWNERHSIP RATE: HOW SHOULD POLICY MAKERS RESPOND?FISCAL YEAR 2014-- A PROFILE OF HOUSING AND HEALTH AMONG OLDER AMERICANS-- MORTGAGE BANKING IN THE UNITED STATES 1870-1940FISCAL YEAR 2013-- A PROFILE OF HOUSING AND HEALTH AMONG OLDER AMERICANS-- MORTGAGE BANKING IN THE UNITED STATES 1870-1940-- IMMIGRANT CONTRIBUTIONS TO HOUSING DEMAND IN THE UNITED STATES: A COMPARISON OF RECENT DECADES AND PROJECTIONS TO 2020 FOR THE STATES AND NATIONFISCAL YEAR 2012--MEASURING THE BENEFITS OF HOMEOWNING: EFFECTS ON CHILDREN REDUX--THE HISTORICAL ORIGINS OF AMERICAS MORTGAGE LAWS--THE GREAT RECESSION AND ATTITUDES TOWARD HOME-BUYING--STRATEGIC DEFAULT IN THE CONTEXT OF A SOCIAL NETWORK: AN EPIDEMIOLOGICAL APPROACHFISCAL YEAR 2011--HOMEOWNERSHIP BOOM AND BUST 2000 TO 2009: WHERE WILL THE HOMEOWNERSHIP RATE GO FROM HERE?--HOMEOWNERSHIP EDUCATION AND COUNSELING: DO WE KNOW WHAT WORKS?--A STUDY OF REAL ESTATE MARKETS IN DECLINING CITIES FISCAL YEAR 2010 --A REVIEW OF STATISTICAL PROBLEMS IN THE MEASUREMENT OF MORTGAGE MARKET DISCRIMINATION AND CREDIT RISK --INTERNATIONAL COMPARISON OF MORTGAGE PRODUCT OFFERINGS --ANATOMY OF RISK MANAGEMENT PRACTICES IN THE MORTGAGE INDUSTRY: LESSONS FOR THE FUTURE --HOUSEHOLD REACTION TO THE FINANCIAL CRISIS: SCARED OR SCARRED? --WHAT HAPPENS TO HOUSEHOLD FORMATION IN A RECESSION FISCAL YEAR 2009 --A FINANCIAL ANALYSIS OF CONSUMER MORTGAGE DECISIONS FISCAL YEAR 2007 --THE IMPACT OF GLOBAL CAPITAL FLOWS AND FOREIGN FINANCING ON US MORTGAGE AND TREASURY INTEREST RATES FISCAL YEAR 2006 --STUDY ON HOUSING TRENDS AMONG BABY BOOMERS

    Expenses $249,634 · Grants $199,909

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael W Briggs

    TRUSTEE-RIHA SECRETARY

    Total calculated
    $433,260
    From this org
    $0
    From related orgs
    $389,428
    Other
    $43,832
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,864 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $25,925 related
    Nontaxable benefits
    $0 + $17,907 related
    Filer's total
    $0 + $433,260 related

  • Lisa J Haynes

    TRUSTEE-RIHA TREASURER

    Total calculated
    $471,102
    From this org
    $0
    From related orgs
    $414,292
    Other
    $56,810
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,373 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $22,919 related
    Deferred
    $0 + $25,925 related
    Nontaxable benefits
    $0 + $30,885 related
    Filer's total
    $0 + $471,102 related

  • Michael C Fratantoni

    TRUSTEE-RIHA TRUST ADMINISTRATOR

    Total calculated
    $528,015
    From this org
    $0
    From related orgs
    $468,058
    Other
    $59,957
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,316 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $21,742 related
    Deferred
    $0 + $25,850 related
    Nontaxable benefits
    $0 + $34,107 related
    Filer's total
    $0 + $528,015 related

  • Edward Seiler

    RIHA EXECUTIVE DIRECTOR

    Total calculated
    $238,968
    From this org
    $0
    From related orgs
    $190,752
    Other
    $48,216
    Hours/week
    12 + 23 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,993 related
    Bonus
    $0 + $8,074 related
    Other
    $0 + $1,685 related
    Deferred
    $0 + $15,933 related
    Nontaxable benefits
    $0 + $32,283 related
    Filer's total
    $0 + $238,968 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, LINE 3
ALL PERSONS LISTED IN PART II OF THIS SCHEDULE ARE COMPENSATED BY THE MORTGAGE BANKERS ASSOCIATION (MBA), A SECTION 501(C)(6) ASSOCIATION THAT IS SUPPORTED BY RIHA. PLEASE SEE MBA'S FORM 990 FOR INFORMATION ON COMPENSATION POLICIES AND PROCEDURES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202421939349301547

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