Greater Boston Real Estate Board
- Assets
- $10.1m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Boston, MA
- Founding
- 10/1928
- Data as of
- 12/2021
- EIN
- 04-1107040
Organization Overview
Greater Boston Real Estate Board is located in Boston, MA. The organization was established in 1928. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Boston Real Estate Board employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Boston Real Estate Board 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 12/2021, Greater Boston Real Estate Board generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER BOSTON REAL ESTATE BOARD WAS INCORPORATED AS A NOT-FOR-PROFIT ORGANIZATION TO ADVOCATE, EDUCATE, INFORM AND SERVE MEMBERS OF THE REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER BOSTON REAL ESTATE BOARD (THE "BOARD") WAS INCORPORATED IN 1889 AS A PRIVATE NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION FOR THE PURPOSE OF ADVOCACY, EDUCATION, INFORMATION AND SERVICE FOR THE REAL ESTATE INDUSTRY AND IS THE OLDEST AND LARGEST REAL ESTATE BOARD IN MASSACHUSETTS. THE BOARD REPRESENTS ITS CONSTITUENCY BY OFFERING MEMBERSHIP IN THE FOLLOWING DISTINCT DIVISIONS:GREATER BOSTON ASSOCIATION OF REALTORS ("GBAR")AS THE BOARD'S LARGEST DIVISION, GBAR PROVIDES EDUCATION PROGRAMS IN ITS CENTER FOR PROFESSIONAL DEVELOPMENT, COUNSELING ON THE NATIONAL ASSOCIATION OF REALTORS CODE OF ETHICS, ARBITRATION SERVICES AND INDUSTRY STANDARDS REAL ESTATE FORMS.MASSACHUSETTS APARTMENT ASSOCIATION ("MAA")MMA REPRESENTS AND PROTECTS THE INTEREST AND RIGHTS OF RENTAL HOUSING OWNERS AND MANAGERS THROUGH THE STATE. MMA PROVIDES LEGISLATIVE AND REGULATORY REPRESENTATION, PROFESSIONAL EDUCATION, STANDARD RENTAL FORMS AND UPDATES ON INDUSTRY TRENDS AND DEVELOPMENTS.BUILDING OWNERS AND MANAGERS ASSOCIATION ("BOMA")REPRESENTING COMMERCIAL BUILDING OWNERS AND MANAGERS, BOMA PROVIDES INFORMATION TO MEMBER DEVELOPERS, OWNERS, ASSET AND PROPERTY MANAGERS AND ATTORNEYS, ADVOCACY AT THE LOCAL, STATE AND NATIONAL LEVEL AND PROFESSIONAL EDUCATION.REAL ESTATE FINANCE ASSOCIATION ("REFA")REFA PROVIDES FINANCIAL INFORMATION TO COMMERCIAL REAL ESTATE FINANCE PROFESSIONALS IN THE BANKING, INSURANCE, MORTGAGE BANKING AND BROKER, INVESTOR, ADVISOR, LEGAL, APPRAISER AND CONSULTING INDUSTRIES. REFA OFFERS A WIDE VARIETY OF MEMBER SERVICES INCLUDING INFORMATIVE INDUSTRY UPDATES, ROUNDTABLE DISCUSSIONS AND EDUCATION PROGRAMS.COMMERCIAL BROKERS ASSOCIATION ("CBA")THE LARGEST ORGANIZATION OF COMMERCIAL BROKERS IN MASSACHUSETTS, CBA PROVIDES MEMBERS WITH A VARIETY OF INFORMATIVE PROGRAMS, CONTINUING EDUCATION AND INDUSTRY UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Vasil CEO | Officer | 40 | $321,000 |
Adrienne Maley Executive Director | 40 | $177,984 | |
John Dulczewski Executive Director | 40 | $167,287 | |
Adam Kozol Director Of Finance | Officer | 36 | $126,700 |
Patricia Baumer Director Of Govt. Affairs | 40 | $119,469 | |
Karen Fish-Will Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,095,321 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $388,422 |
| 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 | $4,483,743 |
| Total Program Service Revenue | $1,644,855 |
| Investment income | $43,545 |
| 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 | $252,754 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,801,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $461,540 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $518,689 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,767,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,975 |
| Payroll taxes | $170,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,600 |
| Fees for services: Accounting | $55,150 |
| Fees for services: Lobbying | $129,364 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,988 |
| Advertising and promotion | $202,424 |
| Office expenses | $190,208 |
| Information technology | $277,459 |
| Royalties | $0 |
| Occupancy | $491,487 |
| Travel | $60,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,073,593 |
| Interest | $0 |
| Payments to affiliates | $240,506 |
| Depreciation, depletion, and amortization | $98,348 |
| Insurance | $36,997 |
| All other expenses | $3,668 |
| Total functional expenses | $6,044,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,512,206 |
| Savings and temporary cash investments | $2,661,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $222,154 |
| Net Land, buildings, and equipment | $1,334,878 |
| Investments—publicly traded securities | $4,140,404 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,089,510 |
| Accounts payable and accrued expenses | $791,454 |
| Grants payable | $0 |
| Deferred revenue | $1,653,361 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $440,365 |
| Total liabilities | $2,885,180 |
| Net assets without donor restrictions | $7,204,330 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,089,510 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Boston Real Estate Board has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Metro Credit Union Chelsea, MA PURPOSE: DONATION | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Star Island Corporation Portsmouth, NH | $13,251,365 | $4,288,283 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |