UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB



(Mark one)

[X]  Quarterly  Report Under Section 13 or 15(d) of The Securities  Exchange Act
     of 1934

                 For the quarterly period ending March 31, 2005

[_]  Transition Report Under Section 13 or 15(d) of The Securities  Exchange Act
     of 1934

         For the transition period from ______________ to _____________




                     Mortgage Assistance Center Corporation

        (Exact name of small business issuer as specified in its charter)

         Florida                                               06-1413994
------------------------                                ------------------------
(State of incorporation)                                (IRS Employer ID Number)

                         2614 Main St., Dallas, TX 75226
                         -------------------------------
                    (Address of principal executive offices)

                                 (214) 670-0005
                                 --------------
                           (Issuer's telephone number)



      Securities registered under Section 12 (b) of the Exchange Act: None

         Securities registered under Section 12(g) of the Exchange Act:
                         Common Stock - $0.001 par value



Check  whether  the issuer  has (1) filed all  reports  required  to be files by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period the Company was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes X  No
                                                             ---   ---

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING  THE
PRECEDING  FIVE YEARS  Check  whether the  registrant  filed all  documents  and
reports  required  to be filed by Section  12, 13 or 15(d) of the  Exchange  Act
after the distribution of securities  under a plan confirmed by a court.
Yes    No
   ---   ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

As of March 31,  2005,  there were  664,603  shares of Common  Stock  issued and
outstanding.

Transitional Small Business Disclosure Format : Yes    No X
                                                   ---   ---


<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.     Financial Statements




                     MORTGAGE ASSISTANCE CENTER CORPORATION


            (FORMERLY SAFE ALTERNATIVES CORPORATION OF AMERICA, INC.)




                              FINANCIAL STATEMENTS



                                       AND



                        REPORT OF INDEPENDENT REGISTERED
                             PUBLIC ACCOUNTING FIRM



                                 MARCH 31, 2005



<PAGE>

                     Mortgage Assistance Center Corporation

            (Formerly Safe Alternatives Corporation of America, Inc.)




                                Table of Contents




                                                                            Page
                                                                            ----

Report of Independent Registered Public Accounting Firm......................F-2

Financial Statements
     Balance Sheets
        as of March 31, 2005 and December 31, 2004...........................F-4

     Statements of Operations and Comprehensive Loss
        for the three months ended March 31, 2005 and 2004...................F-5

     Statements of Cash Flows
       for the three months ended March 31, 2005 and 2004....................F-6

     Notes to Financial Statements...........................................F-7



















                                      F-1
<PAGE>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Board of Directors and Stockholders
Mortgage Assistance Center Corporation
Dallas, Texas

We have reviewed the accompanying  balance sheets of Mortgage  Assistance Center
Corporation (formerly Safe Alternatives Corporation of America, Inc.) (a Florida
corporation)  as of  March  31,  2005  and  the  statements  of  operations  and
comprehensive  loss, and cash flows for the  three-months  ended March 31, 2005.
These  interim  financial  statements  are the  responsibility  of the Company's
management.

We conducted our review in accordance  with the standards of the Public  Company
Accounting  Oversight  Board  (United  States).  A review of  interim  financial
information  consists  principally of applying analytical  procedures and making
inquiries of persons  responsible  for financial and accounting  matters.  It is
substantially  less in scope  than an audit  conducted  in  accordance  with the
standards of the Public Company  Accounting  Oversight  Board,  the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the  accompanying  interim  financial  statements  for  them to be in
conformity with U.S. generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 3 to the
financial statements, the Company has no viable operations or significant assets
and is dependent upon  significant  shareholders to provide  sufficient  working
capital to maintain the integrity of the corporate entity.  These  circumstances
create  substantial  doubt  about the  Company's  ability to continue as a going
concern and are discussed in Note 3. The financial statements do not contain any
adjustments that might result from the outcome of these uncertainties.

The  December  31,  2004  financial  statements  of Mortgage  Assistance  Center
Corporation  were audited by us and we expressed an  unqualified  opinion in our
report dated March 28, 2005,  but we have not performed any auditing  procedures
since that date.



                                      F-2
<PAGE>

The  March  31,  2004  financial   statements  of  Mortgage   Assistance  Center
Corporation were reviewed by other  accountants whose report dated May 24, 2004,
stated  that they were not aware of any  material  modifications  that should be
made to those  statements in order for them to be in conformity  with  generally
accepted accounting principles.


Sutton Robinson Freeman & Co., P.C.
Certified Public Accountants

Tulsa, Oklahoma
May 16, 2005






















                                      F-3
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                                 Balance Sheets
           March 31, 2005 (Unaudited) and December 31, 2004 (Audited)



                                     ASSETS
                                                     March 31,     December 31,
                                                       2005            2004
                                                    (unaudited)     (audited)
                                                   ------------    ------------

Current Assets
   Cash on hand and in bank                        $       --      $       --
                                                   ------------    ------------
       Total current assets                                --              --
                                                   ------------    ------------

Total Assets                                       $       --      $       --
                                                   ============    ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable-trade                          $     27,027    $     25,871
   Advances from affiliate                               49,770          42,860
   Accrued interest payable                                --              --
                                                   ------------    ------------

       Total current liabilities                         76,797          68,731
                                                   ------------    ------------

Commitments and contingencies

Stockholders' Equity (Deficit)
    Common stock - $.001 par value,
       50,000,000 shares authorized,
       664,603 shares issued and outstanding                665             665
   Additional paid in capital                        23,727,231      23,727,231
   Accumulated deficit                              (23,806,852)    (23,798,786)
                                                   ------------    ------------
                                                        (78,956)        (70,890)
      Subscriptions issuable                              2,160           2,160
      Treasury stock - at cost (47 shares)                   (1)             (1)
                                                   ------------    ------------

          Total stockholders' equity (deficit)          (76,797)        (68,731)
                                                   ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY         $       --      $       --
                                                   ============    ============







The accompanying notes are an integral part of these financial statements



                                      F-4
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                 Statements of Operations and Comprehensive Loss
                     Three-Months Ended March 2005 and 2004
                                   (Unaudited)



                                                       Three           Three
                                                   Months Ended    Months Ended
                                                     March 31,       March 31,
                                                       2005            2004
                                                   ------------    ------------

Revenues                                           $       --      $       --
                                                   ------------    ------------

Operating Expenses
   General and administrative expenses                    6,910          10,010
   Interest expense                                       1,156            --
   Compensation expense related to
      common stock issuances at less
      than "fair value"                                    --           838,736

   Depreciation and amortization                           --              --
                                                   ------------    ------------
       Total operating expenses                           8,066         848,746

                                                   ------------    ------------

Operating loss                                           (8,066)       (848,746)

Other income (expense):
   Forgiveness of debt                                     --              --
   Settlement of judgment                                  --              --
                                                   ------------    ------------

Loss before provision for income taxes                   (8,066)       (848,746)

Income tax benefit (expense)                               --              --
                                                   ------------    ------------

Net Loss                                                 (8,066)       (848,746)

Other comprehensive income                                 --              --
                                                   ------------    ------------

Comprehensive Loss                                 $     (8,066)   $   (848,746)
                                                   ============    ============
Net loss per weighted-average share
   of common stock outstanding, calculated
   on Net Loss - basic and fully diluted           $      (0.01)   $      (1.28)
                                                   ============    ============

Weighted-average number of shares of
   common stock outstanding                             664,603         664,603
                                                   ============    ============







The accompanying notes are an integral part of these financial statements


                                      F-5
<PAGE>
<TABLE>
<CAPTION>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                            Statements of Cash Flows
                   Three Months Ended March 31, 2005 and 2004
                                   (Unaudited)


                                                      Three-Months Ended    Three-Months Ended
                                                        March 31, 2005        March 31, 2004
                                                      ------------------    ------------------
<S>                                                   <C>                   <C>
Cash Flows from Operating Activities
   Net loss for the period                            $           (8,066)   $         (848,746)
   Adjustments to reconcile net loss to net cash
      provided by operating expenses
       Depreciation                                                 --                    --
       Professional fees paid with common stock                     --                   8,472
       Compensation expense related to common
          stock issuances at less than "fair value"                 --                 838,736
       Increase (Decrease) in
          Accounts payable - trade                                 1,156                (1,121)
          Accrued interest payable                                  --                    --
                                                      ------------------    ------------------

Net cash used in operating activities                             (6,910)               (2,659)
                                                      ------------------    ------------------

Cash Flows from Investing Activities                                --                    --
                                                      ------------------    ------------------
Cash Flows from Financing Activities
   Cash advanced by affiliate to support operations                6,910                 2,659
   Cash used to pay convertible debt                                --                    --
                                                      ------------------    ------------------

Net cash provided by financing activities                          6,910                 2,659
                                                      ------------------    ------------------

Increase (Decrease) in Cash                                         --                    --

Cash at beginning of period                                         --                    --
                                                      ------------------    ------------------

Cash at end of period                                 $             --      $             --
                                                      ==================    ==================

Supplemental Disclosure of
   Interest and Income Taxes Paid
      Interest paid for the period                    $             --      $             --
                                                      ==================    ==================
      Income taxes paid for the period                $             --      $             --
                                                      ==================    ==================
</TABLE>




The accompanying notes are an integral part of these financial statements

                                      F-6
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 1 - Organization and Description of Business
         ----------------------------------------

         Mortgage  Assistance  Center  Corporation  (formerly Safe  Alternatives
         Corporation of America, Inc.) (the "Company" or "MAC") was organized in
         1976, under the name Knight  Airlines,  Inc., to engage in the commuter
         airline  business.  In October 1978,  the Company  completed an initial
         public  offering  of  its  common  stock  in  Florida,  pursuant  to an
         exemption from  registration  under Regulation A promulgated  under the
         Securities Act of 1933, as amended.  The Company operated as a commuter
         airline  from  its  inception   through  April  1983,  when  it  ceased
         operations,  and all of the assets of the Company  were sold to satisfy
         all outstanding indebtedness.  From April 1983, through September 1995,
         the  Company  was  dormant.  In May 1994,  the name of the  Company was
         changed to Portsmouth Corporation.

         On  September  15,  1995,  pursuant  to the terms of an Asset  Purchase
         Agreement and Plan of  Reorganization  dated as of August 21, 1995 (the
         "Agreement") between Safe Alternatives  Corporation of America, Inc., a
         Delaware  corporation  ("SAC-Delaware")  and the  Company,  the Company
         purchased,  without limitation, all of the assets of SAC-Delaware,  and
         assumed all of the liabilities of SAC-Delaware (the  "Reorganization"),
         and commenced operations. Prior to the Reorganization,  the Company had
         no meaningful  operations.  On March 4, 1996,  the Company  changed its
         name to Safe  Alternatives  Corporation  of  America,  Inc.  (a Florida
         corporation).

         Pursuant  to a  Majority  Shareholder  Consent,  on May 14,  2004,  the
         Company's Board of Directors authorized a change in the Company name to
         Mortgage  Assistance  Center  Corporation.  The  Company's  Articles of
         Incorporation  were  amended  on  December  22,  2004 and  will  become
         effective  January 17, 2005.  The change in corporate  name was made in
         connection with the requirement of a Letter of Intent executed  between
         the Company and an affiliated entity, in which certain reorganizational
         steps were undertaken prior to the completion of a business combination
         transaction more fully described in Note 3.

         On September 17, 2002,  the Board of Directors of the Company agreed to
         sell, as of June 30, 2002, all of the Company's assets to Environmental
         Alternatives,  Inc. ("EAI"), a privately held Vermont  corporation,  in
         exchange for EAI's  assumption  of and  agreement to indemnify and hold
         the Company harmless from paying any and all claims,  causes of action,
         or other  liabilities,  including  but not limited to interest,  costs,
         expenses,  disbursements  and attorneys'  fees, that could, may or does
         attach to the  Company as of June 30, 2002 as a result of, or is in any
         way related to any of the  Company's  obligations  to its creditors and
         all  adverse   judgments   entered   against  the  Company  except  any
         obligations to the following:





                                      F-7
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 1 - Organization and Description of Business (continued)
         ----------------------------------------

               (A)  Continental Stock Transfer and Trust Company,  the Company's
                    independent stock transfer agent;

               (B)  Green Holman, Frenia & Company, L.L.P., the Company's former
                    independent auditors;

               (C)  Arab Commerce Bank, a holder of a 6% Convertible Note; and

               (D)  any  settlement  amounts due upon the completion of a merger
                    or
               other combination between the Company and another company.

         Except  as  provided  above,  the  agreement  to assume  the  Company's
         liabilities and to indemnify and hold the Company  harmless from paying
         the  same  is  unlimited  as to  amount  or as to  time.  A copy of the
         Agreement was filed by the Company as an exhibit in a Current Report on
         Form 8-K as of September 17, 2002.  Since July 1, 2002, the Company has
         had no assets or operating activities.


Note 2 - Preparation of Financial Statements
         -----------------------------------

         The Company  follows the accrual basis of accounting in accordance with
         accounting  principles  generally  accepted  in the  United  States  of
         America and has a year end of December 31.

         The  preparation of financial  statements in conformity with accounting
         principles  generally accepted in the United States of America requires
         management to make estimates and  assumptions  that affect the reported
         amounts of assets and liabilities  and disclosure of contingent  assets
         and  liabilities  at the  date  of the  financial  statements  and  the
         reported amounts of revenues and expenses during the reporting  period.
         Actual results could differ from those estimates.

         Management  further  acknowledges  that it is  solely  responsible  for
         adopting sound  accounting  practices,  establishing  and maintaining a
         system of internal  accounting  control and  preventing  and  detecting
         fraud. The Company's system of internal  accounting control is designed
         to assure, among other items, that 1) recorded  transactions are valid;
         2) valid transactions are recorded; and 3) transactions are recorded in
         the proper  period in a timely manner to produce  financial  statements
         which present fairly the financial condition, results of operations and
         cash flows of the Company for the respective periods being presented.




                                      F-8
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)


Note 2 - Preparation of Financial Statements (continued)
         -----------------------------------

         During interim periods, the Company follows the accounting policies set
         forth in its annual audited  financial  statements filed with the U. S.
         Securities and Exchange  Commission on its Annual Report on Form 10-KSB
         for the year ended December 31, 2004. The information  presented within
         these  interim  financial  statements  may not include all  disclosures
         required by generally accepted accounting principles,  and the users of
         financial  information provided for interim periods should refer to the
         annual  financial  information and footnotes when reviewing the interim
         financial results presented herein.

         In the  opinion  of  management,  the  accompanying  interim  financial
         statements,  prepared  in  accordance  with  the U. S.  Securities  and
         Exchange  Commission's  instructions for Form 10-QSB, are unaudited and
         contain all material  adjustments,  consisting only of normal recurring
         adjustments  necessary  to  present  fairly  the  financial  condition,
         results of operations  and cash flows of the Company for the respective
         interim periods presented. The current period results of operations are
         not necessarily indicative of results which ultimately will be reported
         for the full fiscal year ending December 31, 2005.

Note 3 - Going Concern Uncertainty
         -------------------------

         Since July 1,  2002,  the  Company  has had no assets or  revenues  and
         intends to seek a suitable  business  combination  transaction  through
         either a purchase  or merger.  The  Company's  continued  existence  is
         dependent  upon its  ability  to  generate  sufficient  cash flows from
         operations  to  support  its  daily   operations  as  well  as  provide
         sufficient  resources to retire existing liabilities and obligations on
         a timely basis. Additionally,  as a result of having no assets, several
         liabilities  and no operations,  the Company's  auditors have issued an
         audit opinion on the accompanying financial statements which includes a
         statement describing the Company's going concern status. This means, in
         the auditors' opinion, substantial doubt about the Company's ability to
         continue as a going concern existed at the date of their opinion.

         On May 14, 2004,  the  Company's  President,  Dale  Hensel,  executed a
         Letter  of  Intent  with  Mortgage  Assistance  Corporation,   a  Texas
         corporation  controlled by Mr. Hensel,  whereby subject to the approval
         of the Company's shareholders,  Mortgage Assistance Corporation offered
         to be acquired by the Company on the  following  terms and  conditions:
         SACA board will call a special shareholder meeting or obtain a majority
         shareholder  consent  in lieu of a  special  meeting  according  to the
         Florida  Business  Corporation  Statutes and  recommend and approve the
         following actions:



                                      F-9
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 3 - Going Concern Uncertainty (continued)
         -------------------------

               1.   Effect a reverse split of the  Company's  common shares on a
                    One for Two Hundred Fifty (1:250) basis;
               2.   Effect  a  corporate  name  change  from  Safe  Alternatives
                    Corporation   of  America,   Inc.  to  Mortgage   Assistance
                    Corporation;
               3.   Change the  authorized  number of common  stock shares to be
                    issued from 175,000,000 to 50,000,000 shares;
               4.   Authorize a business  combination  whereby the Company  will
                    exchange 12,000,000 post reverse split common shares for all
                    of the  issued  and  outstanding  common  stock of  Mortgage
                    Assistance Corporation; and
               5.   Any  such  further  recommendations  as  may  be  considered
                    reasonable and in the best interest of the shareholders.

         In May 2004, a majority  shareholder  action approved the reverse stock
         split and the  reduction  in the  authorized  number of common  shares.

         A Business Combination Agreement (the "Agreement") was entered into the
         10th day of May, 2005 between Mortgage  Assistance  Center  Corporation
         (MACC) and Mortgage  Assistance  Corporation (MAC), and the MAC selling
         Shareholders,  ("Sellers")  whereby  the Company  will issue  shares to
         Sellers in exchange for their shares of MAC.

         Under the terms of the  Agreement,  the Company  and Sellers  agreed to
         exchange  shares whereby the Company will acquire all of the issued and
         outstanding  stock of MAC.  The Company  will issue  Company  shares to
         Sellers in exchange  for their MAC shares.  The Company  will issue One
         and six tenths (1.6) share of Company common stock ("Exchange  Shares")
         for each  single (1) share of  Sellers'  MAC stock.  The  Company  will
         acquire One Hundred (100%) percent of the issued and outstanding  stock
         of MAC and issue Sellers a total of Twelve Million  (12,000,000) shares
         Company  common  stock in  exchange  for  Seven  Million  Five  Hundred
         Thousand  (7,500,000)  MAC  shares.  The shares will be issued from the
         Company's  treasury  pursuant to the securities  transaction  exemption
         afforded by Section 4 (2) and  Regulation D Rule 506 of the  Securities
         Act of 1933,  as  amended.  The shares  will be  restricted  securities
         bearing the Company's standard  restrictive  legend. As of May 10, 2005
         Ninety-two (92%) of the Sellers had agreed to the Business  Combination
         Agreement.

         While the Company is of the opinion  that good faith  estimates  of the
         Company's ability to secure  additional  capital in the future to reach
         our goals have been made,  there is no guarantee  that the Company will
         receive  sufficient  funding to sustain  operations  or  implement  any
         future business plan steps.

         If no additional  operating  capital is received during the next twelve
         months, the Company will be forced to rely upon additional funds loaned
         by management and/or significant stockholders to preserve the integrity
         of the  corporate  entity during this time. In the event the Company is
         unable  to  acquire   advances  from  management   and/or   significant
         stockholders,  the  Company's  continued  existence as a going  concern
         would be jeopardized.

         It is the intent of management and significant  stockholders to provide
         sufficient  working  capital  necessary  to support  and  preserve  the
         integrity of the corporate entity.  However,  no formal  commitments or
         arrangements  to advance or loan funds to the Company or repay any such
         advances  or  loans  exist.  There is no legal  obligation  for  either
         management or significant  stockholders  to provide  additional  future
         funding.





                                      F-10
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)




Note 4 - Summary of Significant Accounting Policies
         ------------------------------------------

         Cash and cash equivalents:

         For Statement of Cash Flows purposes, the Company considers all cash on
         hand and in banks,  including  accounts  in book  overdraft  positions,
         certificates  of  deposit  and  other  highly-liquid  investments  with
         maturities of three months or less, when purchased, to be cash and cash
         equivalents.

         Income Taxes:

         The  Company  uses the asset and  liability  method of  accounting  for
         income taxes. At March 31, 2005 the deferred tax asset and deferred tax
         liability  accounts,   as  recorded  when  material  to  the  financial
         statements, are entirely the result of temporary differences. Temporary
         differences  represent  differences  in the  recognition  of assets and
         liabilities  for  tax  and  financial  reporting  purposes,   primarily
         accumulated  depreciation  and  amortization,  allowance  for  doubtful
         accounts and vacation accruals.

         As of March 31, 2005,  the deferred tax asset  related to the Company's
         net  operating  loss  carryforward  was  fully  reserved.  Due  to  the
         provisions  of Internal  Revenue Code Section 338, the Company may have
         limited net operating loss carryforwards  available to offset financial
         statement or tax return taxable income in future periods as a result of
         a change  in  control  involving  50  percentage  points or more of the
         issued and outstanding securities of the Company during the year 2000.

         Income (Loss) per share:

         Basic earnings  (loss) per share is computed by dividing the net income
         (loss)  by the  weighted-average  number  of  shares  of  common  stock
         outstanding. The calculation of fully diluted earnings (loss) per share
         assumes the  dilutive  effect of the exercise  outstanding  options and
         warrants,  using the treasury stock method,  at either the beginning of
         the respective  period presented or the date of issuance,  whichever is
         later. As of December 31, 2004 and 2003, respectively,  the Company had
         no outstanding stock warrants,  options or convertible securities which
         could be  considered  as  dilutive  for  purposes of the loss per share
         calculation.


         In November  2004, a one-for-two  hundred  fifty (1:250)  reverse stock
         split was effected.  Accordingly, all historical weighted average share
         and per share amounts have been restated to reflect the stock split.



                                      F-11
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 5 - Fair Value of Financial Instruments
         -----------------------------------

         The carrying amounts of cash, accounts receivable, accounts payable and
         notes payable,  as applicable,  approximate fair value due to the short
         term nature of these items and/or the current interest rates payable in
         relation to current market conditions.

         Interest rate risk is the risk that the Company's  earnings are subject
         to fluctuations in interest rates on either  investments or on debt and
         is fully dependent upon the volatility of these rates. The Company does
         not use  derivative  instruments  to moderate  its exposure to interest
         rate risk, if any.

         Financial  risk is the risk that the Company's  earnings are subject to
         fluctuations in interest rates or foreign  exchange rates and are fully
         dependent upon the volatility of these rates.  The company does not use
         derivative  instruments to moderate its exposure to financial  risk, if
         any.

Note 6 - Advances from Affiliates
         ------------------------

         During the year ended December 31, 2004, in anticipation of the reverse
         acquisition  transaction  discussed  in  previous  footnotes,  Mortgage
         Assistance  Corporation  ("MAC") paid additional  expenses on behalf of
         the   Company  of   approximately   $43,000.   MAC  paid   expenses  of
         approximately  $7,000  during the three  months  ended March 31,  2005.
         These advances are unsecured and are repayable upon demand.

Note 7 - Income Taxes
         ------------

         The  components  of  income  tax  (benefit)   expense,   on  continuing
         operations,  for the  three-months  ended  March  31,  2005  and  2004,
         respectively, are as follows:



                                         Three-Months Ended   Three-MonthsEnded
                                           March 31, 2005      March 31, 2004
                                         ------------------   ------------------
         Federal:
             Current                     $             --     $             --
             Deferred                                  --                   --
                                         ------------------   ------------------
                                                       --                   --
                                         ------------------   ------------------
         State:
             Current                                   --                   --
             Deferred                                  --                   --
                                         ------------------   ------------------
             Total                       $             --     $             --
                                         ==================   ==================





                                      F-12
<PAGE>
<TABLE>
<CAPTION>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)


Note 7 - Income Taxes (continued)
         ------------

         As of March 31, 2005 the Company had a net operating loss  carryforward
         of approximately $9,300,000 to offset future taxable income. Subject to
         current regulations, this carryforward will begin to expire in 2007. If
         the reverse acquisition  transaction  discussed  previously occurs, the
         usage of the Company's net operating loss carryforward will be severely
         limited.  The  amount  and  availability  of  the  net  operating  loss
         carryforwards may be subject to limitations set forth by Section 338 of
         the  Internal  Revenue  Code.  Factors  such as the  number  of  shares
         ultimately issued within a three year look-back  period;  whether there
         is a deemed  more than 50 percent  change in  control;  the  applicable
         long-term tax exempt bond rate; continuity of historical business;  and
         subsequent income of the Company all enter into the annual  computation
         of allowable annual utilization of the carryforwards.

         The  Company's  income tax expense for the periods ended March 31, 2005
         and 2004,  respectively,  differed from the statutory tax rate of 34.0%
         as follows:


                                                                    Three-Months    Three-Months
                                                                        Ended           Ended
                                                                      March 31,       March 31,
                                                                        2005            2004
                                                                    ------------    ------------
         <S>                                                        <C>             <C>
         Statutory rate applied to income
            before income taxes                                     $     (2,740)   $   (288,570)
         Increase (decrease) in income taxes
            resulting from:
              State income taxes                                            --              --
              Non-deductible compensation expense related
                to common stock issued at less than "fair value"            --           285,170

              Other, including reserve for deferred tax asset and
                application of net operating loss carryforward
                                                                           2,740           3,400
                                                                    ------------    ------------
         Income tax expense                                         $       --      $       --
                                                                    ============    ============
         </TABLE>


         Temporary  differences,  consisting primarily of statutory deferrals of
         expenses for  organizational  costs and  statutory  differences  in the
         depreciable  lives for property and  equipment,  between the  financial
         statement carrying amounts and tax bases of assets and liabilities give
         rise to the following  deferred tax assets and  liabilities as of March
         31, 2005 and December 31, 2004, respectively:




                                      F-13
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 7 - Income Taxes (continued)
         ------------

                                                 March 31,      March 31,
                                                   2005           2004
                                                -----------    -----------

         Deferred tax assets
             Net operating loss carryforwards   $ 3,177,200    $ 3,174,500
             Less valuation allowance            (3,177,200)    (3,174,500)
                                                -----------    -----------

         Net Deferred Tax Asset                 $      --      $      --
                                                ===========    ===========


         During the years ended  December 31, 2004 and 2003, the reserve for the
         deferred tax asset did not significantly change.

Note 8 - Common Stock Transactions
         -------------------------

         During July 2002, in order to facilitate the Company's  merger or other
         business  combination  transaction  with another  company,  the Company
         issued  a  total  of  84,720,733  pre-split  shares  of  the  Company's
         unregistered,  restricted  common  stock to be held in  escrow  for the
         benefit of the Company's  merger or combination  partner.  No value had
         been assigned to this issuance  pending the  consummation of a business
         combination  transaction.  On March 9,  2004,  the  Company's  Board of
         Directors authorized the issuance of these shares held in escrow to the
         Company's legal counsel,  Loper & Seymour,  P.A. of St. Paul, Minnesota
         for legal services. The transaction was valued at approximately $8,500,
         which  equaled the common  stock's  par value of $.0001 per share,  and
         these  shares were deemed  fully paid and  non-assessable.  Pursuant to
         Statement of Financial  Accounting  Standards No. 123,  "Accounting for
         Stock-Based  Compensation",  the imputed fair value of this transaction
         was calculated as approximately $847,200,  using the discounted closing
         quoted  stock  price on March 9, 2004.  The  differential  between  the
         imputed fair value and the agreed-upon value of the services  provided,
         approximately  $838,700,  was recorded as "compensation expense related
         to common stock  issuances  at less than "fair value" upon  exercise of
         outstanding stock options in the accompanying statement of operations.

         On  May  14,  2004,  the  Stockholders  approved  an  amendment  to the
         Company's  Articles of  Incorporation  which increased the par value of
         each share of common  stock from  $0.0001 per share to $0.001 per share
         and decreased the number of authorized  common shares from  175,000,000
         shares  to  50,000,000   shares.   The  stockholders  also  approved  a
         one-for-two  hundred  fifty (1:250)  reverse  stock split.  Pursuant to
         authorization by the Board of Directors, the reverse stock split became
         effective  for  stockholders  of record as of November 22, 2004.  Stock
         certificates  representing pre-split denominations may be exchanged for
         stock certificates  representing the post-split  denominations,  at the
         election of  stockholders,  as  mandatory  certificate  exchange is not
         required.



                                      F-14
<PAGE>

                     Mortgage Assistance Center Corporation
            (Formerly Safe Alternatives Corporation of America, Inc.)
                          Notes to Financial Statements
                                 March 31, 2005
                                   (Unaudited)



Note 8 - Common Stock Transactions (continued)
         -------------------------


         Common  stock and  additional  paid-in  capital  at March 31,  2005 and
         December 31, 2004 have been restated to reflect this split.  The number
         of common shares issued at March 31, 2005 and December 31, 2004,  after
         giving effect to the split,  was determined to be 664,603  (165,853,058
         shares issued before the split),  including 1191 shares estimated to be
         issued to fractional stockholders.

         The effect of the reverse stock split has been  reflected as of January
         1, 2004 in the balance  sheet,  but activity for 2004 and prior periods
         has not been restated in those statements. All references to the number
         of common  shares  and per share  amounts  elsewhere  in the  financial
         statements  and related  footnotes have been restated as appropriate to
         reflect the effect of the reverse split for all periods presented.

Note 9 - Treasury Stock
         --------------
         Treasury  stock  represents  47 shares  (11,682  before  reverse  stock
         split),  recorded  at cost,  being  held in trust to be used for future
         issuance to employees,  investors, and other potential funding sources.
         As the Company  directly  benefits  from the sales of the shares in the
         trust, these shares have been recorded as treasury stock.

















                                      F-15
<PAGE>

Item 2. Management's Discussion and Analysis or Plan of Operation

The  Company  had no business  operations  during 2004 and the first  quarter of
2005.

The Company's future  operating  results may be affected by a number of factors,
including general economic conditions and the business  combination  transaction
with Mortgage Assistance  Corporation (MAC). The Company's business  combination
with MAC will cause substantial dilution of the current  shareholders'  interest
in the Company.

The report of the Company's  independent  auditor contains a paragraph as to the
Company's ability to continue as a going concern. Among the factors cited by the
auditors as raising substantial doubt as to the Company's ability to continue as
a going concern are: (i) the Company has incurred  recurring  operating  losses;
and, (ii) the Company has a working capital deficiency.

The Company has been financing its operations  through capital  contributions by
MAC, which  aggregated  approximately  $49,770 for the three months ending March
31, 2005.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital to preserve the integrity of the corporate  entity,
however,  there are no commitments to provide additional funds have been made by
management or other stockholders.  There can be no assurance that any additional
funds will be available to the Company to allow it to cover its expenses.

The Company may seek to  compensate  providers of services by issuances of stock
in lieu of cash.

FORWARD-LOOKING STATEMENTS:

We have included  forward-looking  statements in this report.  For this purpose,
any  statements  contained in this report that are not  statements of historical
fact may be  deemed to be  forward  looking  statements.  Without  limiting  the
foregoing,  words  such as "may",  "will",  "expect",  "believe",  "anticipate",
"estimate",  "plan" or "continue" or the negative or other variations thereof or
comparable  terminology  are  intended to identify  forward-looking  statements.
These statements by their nature involve  substantial  risks and  uncertainties,
and actual  results  may differ  materially  depending  on a variety of factors.
Factors that might cause  forward-looking  statements to differ  materially from
actual  results  include,  among other  things,  overall  economic  and business
conditions,  demand  for the  Company's  products,  competitive  factors  in the
industries in which we compete or intend to compete,  and other uncertainties of
our future acquisition plans.


<PAGE>

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK:

The  Company  does  not  issue  or  invest  in  financial  instruments  or their
derivatives for trading or speculative  purposes.  The operations of the Company
are conducted  primarily in the United States,  and, are not subject to material
foreign  currency  exchange risk.  Although the Company has outstanding debt and
related  interest  expense,  market risk of interest rate exposure in the United
States is currently not material.

Item 3. Controls and Procedures

As of the end of the  reporting  period,  March  31,  2005,  we  carried  out an
evaluation,  under the supervision and with the participation of our management,
including  the  Company's  Chairman  and Chief  Executive  Officer and the Chief
Financial  Officer,  of the  effectiveness  of the design and  operation  of our
disclosure  controls and procedures pursuant to Rule 13a-15(e) of the Securities
Exchange  Act of 1934  (the  "Exchange  Act"),  which  disclosure  controls  and
procedures are designed to insure that information required to be disclosed by a
company  in the  reports  that it files  under  the  Exchange  Act is  recorded,
processed, summarized and reported within required time periods specified by the
SEC's rules and forms.  Based upon that  evaluation,  the Chairman and the Chief
Financial  Officer  concluded  that our  disclosure  controls and procedures are
effective  in timely  alerting  them to  material  information  relating  to the
Company required to be included in the Company's period SEC filings.

(b) Changes in Internal Control.

Subsequent to the date of such evaluation as described in  subparagraph(a)above,
there were no changes  in our  internal  controls  or other  factors  that could
significantly affect these controls, including any corrective action with regard
to significant deficiencies and material weaknesses.

(c) Limitations.

Our  management,   including  our  Principal  Executive  Officer  and  Principal
Financial  Officer,  does not expect  that our  disclosure  controls or internal
controls over  financial  reporting  will prevent all errors or all instances of
fraud. A control system,  no matter how well designed and operated,  can provide
only reasonable,  not absolute,  assurance that the control system's  objectives
will be met. Further,  the design of a control system must reflect the fact that
there are resource constraints,  and the benefits of controls must be considered
relative to their  costs.  Because of the  inherent  limitations  in all control
systems,  no  evaluation  of controls can provide  absolute  assurance  that all
control  issues and  instances  of fraud,  if any,  within our company have been
detected.  These  inherent  limitations  include the realities that judgments in
decision-making  can be faulty,  and that breakdowns can occur because of simple
error or mistake.  Controls can also be  circumvented  by the individual acts of


<PAGE>

some persons,  by collusion of two or more people, or by management  override of
the controls. The design of any system of controls is based in part upon certain
assumptions  about the  likelihood  of future  events,  and any  design  may not
succeed in achieving  its stated goals under all  potential  future  conditions.
Over time,  controls may become  inadequate  because of changes in conditions or
deterioration  in the degree of compliance with policies or procedures.  Because
of the inherent limitation of a cost-effective control system, misstatements due
to error or fraud may occur and not be detected.

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings

         None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

         None.

Item 3. Defaults Upon Senior Securities

         None.

Item 4. Submission of Matters to a Vote of Security Holders

         No matter was submitted to a vote of the security holders,  through the
solicitation  of proxies or  otherwise,  during the first  quarter of the fiscal
year covered by this report.

Item 5. Other Information

         None.

Item 6. Exhibits and Reports on Form 8-K

a) Exhibits

    Exhibit No.            Exhibit Name

       31                  Chief  Executive  and Financial  Officer-Section  302
                           Certification pursuant to Sarbanes-Oxley Act.

       32                  Chief  Executive  and Financial  Officer-Section  906
                           Certification pursuant to Sarbanes-Oxley Act.

b) Reports  on Form 8-K.  We filed one  report  on Form 8-K on  January  7, 2005
   reporting Items 8.01 and 9.01.



<PAGE>

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

May 18, 2005                                    MORTGAGE ASSISTANCE
                                                CENTER CORPORATION

                                                 /s/ Dale Hensel
                                                --------------------------------
                                                By: Dale Hensel
                                                Title: President, CEO, CFO