EIN 33-0328597

Usfn

IRS 501(c) type
501(c)(6)
Num. employees
5
State
Year formed
1988
Most recent tax filings
2023-11-01
NTEE code, primary
Description
USFN is a national not-for-profit association of select law firms, trustee companies and associated supplier members that provides comprehensive default services to the mortgage banking industry.
Total revenues
$2,747,468
2023
Total expenses
$2,531,843
2023
Total assets
$1,123,270
2023
Num. employees
5
2023

Program areas at Usfn

While operations continued to return to pre-pandemic levels in some areas, other activities remained digitual and virtual. In September 2022 our largest event was postponed To Jan 2023) due to a hurricane striking Florida and closing down transportation and venues. Two major USFN Events returned to smaller audiences, but attendance and development of virtual education grew. The Mortgage default industry slowly emerged from moratoriums imposed on them at the state and federal level that prevent them from moving any foreclosures or other related activities forward. Several member firms have merged or left the business sector.
EDUCATION:In 2023, USFN produced more than 25 different webinars, seminars, and virtual conferences addressing issues of relevance to all levels of the mortgage servicing industry and related legal professionals. Several new programs were developed and expanded, including a new training program Learning Lab and Case Files, to respond to the void left by the lack of in-person training and networking. USFN provided certificates of completion for these basic training modules that were presented live and available recorded at no cost to the mortgage servicer personnelUSFN provided Continuing Legal Education to member attorneys and well as attorneys who work for mortgage servicers. USFN offered more than 8 hours of CLE in 2023 including highly sought-after subjects such as legal ethics.
USFN PUBLICATIONS:The USFN Report, a quarterly legal publication addressing key issues, case law, and regulatory change, converted to a digital version. Social media (Linked-in and Twitter) were used to further the reach of articles of vital interest during these unprecedented times. The E-Update continued to address breaking news and other time-sensitive industry legal regulatory, and judicial updates pertinent to the industry. USFN News a bi monthly newsletter with curated and in house produced content was added. USFN continued to coordinate member contributions and updates to the National Mortgage Servicers Resource Directory (NMSRD) to be a one-of-a-kind state-by-state guide that is considered the definitive resource guide used by the mortgage service industry. Print and digital "desk guides" provide segment-specific resources in an easily referenced format.

Personnel at Usfn

NameTitleCompensation
Pamela L DonahooChief Executive Officer$181,942
Cityof Westminster.Director of Finance
Tracy Vecchio, CaeDirector, Membership and Marketing
Aaron Wolowiec, CaeSenior Director, Education and Strategy
Kristi PayneDirector, Publications and Content
...and 13 more key personnel

Financials for Usfn

RevenuesFYE 11/2023
Total grants, contributions, etc.$228,942
Program services$2,505,877
Investment income and dividends$5,904
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$4,047
Net gain from sale of non-inventory assets$149
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,549
Total revenues$2,747,468

Form 990s for Usfn

Fiscal year endingDate received by IRSFormPDF link
2023-112024-08-15990View PDF
2022-112023-09-27990View PDF
2021-112022-09-13990View PDF
2020-112021-07-21990View PDF
2019-112021-06-08990View PDF
...and 9 more Form 990s
Data update history
August 24, 2024
Posted financials
Added Form 990 for fiscal year 2021
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 1 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
November 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizations
Issues
Science and technologyCrime and lawBusiness and industry
Characteristics
MembershipsPolitical advocacyCommunity engagement / volunteering
General information
Address
9001 Airport Freeway 740
North Richland Hills, TX 76180
Metro area
Dallas-Fort Worth-Arlington, TX
County
Tarrant County, TX
Website URL
usfn.org/default.aspx 
Phone
(800) 635-6128
IRS details
EIN
33-0328597
Fiscal year end
November
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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