Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
16 people listed on the 990; $211K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Pamela L Donahoo | $227,413 | $210,780 | $181,942 | $180,859 | $169,038 | $159,758 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Usfn executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Advances the real estate finance industry through professional development, advocacy, and business opportunities.
Questions for Usfn
Your first name shows with your question. Usfn answers here, for everyone.
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.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0328597) · Dispute this lineEDUCATIONIn 2024, USFN produced more than 20 different webinars, seminars, and conferences addressing issues of relevance to all levels of the mortgage servicing industry and related legal professionals. USFN provided Continuing Legal Education to member attorneys and well as attorneys who work for mortgage servicers.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0328597) · Dispute this lineThe 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. USFN Events saw near return to pre-pandemic levels.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0328597) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $504K | $526K |
| InvestmentsLn 11–13 | $181K | $210K |
| Land, buildings, equipmentLn 10c | $48K | $77K |
| Total assetsLn 16 | $1.1M | $1.2M |
| LiabilitiesLn 26 | $821K | $763K |
| Net assetsLn 32 | $303K | $400K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $243K | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $274K | |||
| Pension plan contributionsLn 8 | $6K | |||
| Other employee benefitsLn 9 | $62K | |||
| Payroll taxesLn 10 | $33K | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $5K | |||
| Accounting feesLn 11c | $107K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $2K | |||
| Other fees for servicesLn 11g | $320K | |||
| Advertising and promotionLn 12 | $40K | |||
| Office expensesLn 13 | $13K | |||
| Information technologyLn 14 | $78K | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $66K | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $830K | |||
| InterestLn 20 | $4K | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $10K | |||
| Other expenses (24a–d)Ln 24 | $90K | |||
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $2.2M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 11, 2026 | $2.4M | $2.3M | $82K | $482K | 990 PDF |
| FY2024 ViewingFiled with the IRS Jun 25, 2025 | $2.3M | $2.2M | $70K | $400K | 990 PDF |
| FY2023Filed with the IRS Aug 15, 2024 | $2.7M | $2.5M | $216K | $303K | 990 PDF |
| FY2022Filed with the IRS Sep 27, 2023 | $1.1M | $1.4M | −$265K | $82K | 990 PDF |
| FY2021Filed with the IRS Sep 13, 2022 | $1.2M | $948K | $213K | $424K | 990 PDF |
| FY2020Filed with the IRS Jul 15, 2021 | $1.1M | $1.0M | $144K | $203K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $2,256,101 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $2,256,101 across 10 lines filed
Part IX · Statement of functional expenses $2,185,697 across 31 lines filed
Part X · Balance sheet $1,162,205 assets, 24 lines filed
Part XI · Reconciliation of net assets $399,519 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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