Maine Real Estate Development Assn

Organization Overview

Maine Real Estate Development Assn is located in Portland, ME. The organization was established in 1986. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Maine Real Estate Development Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Real Estate Development Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2021, Maine Real Estate Development Assn generated $392.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $428.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION, ADVOCACY AND NETWORKING

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SEMINARS FOR MEMBERS OF THE REAL ESTATE INDUSTRY, CONTINUING EDUCATION, MEMBER COMMUNICATIONS, ADVOCACY AND NETWORKING.


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Board, Officers & Key Employees

Name (title)Compensation
Shelly Clark
Secretary/vp Ops
$102,171
Josh Fifield
President
$0
Shannon Richards
Vice President
$0
Craig Young
Vice President
$0
Mark Stasium
Treasurer
$0
William Schad
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$247,935
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$247,935
Total Program Service Revenue$143,235
Investment income $1,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $392,302

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