Real Estate Finace Association Of Connecticut

Organization Overview

Real Estate Finace Association Of Connecticut is located in Bloomfield, CT. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Finace Association Of Connecticut 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, Real Estate Finace Association Of Connecticut generated $263.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $294.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 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

TO BRING TOGETHER QUALITY INFORMATION TO REAL ESTATE PROFESSIONALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZATION PROVIDED BREAKFAST AND LUNCHEON PROGRAMS, SPECIAL NETWORKING EVENTS AND CONTINUING EDUCATION OPPORTUNITIES FOR ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Way
President/chairman
$0
Mark Schuman
Executive Director
$0
Rocco Quaresima
Director
$0
John Alissi
Director
$0
James Lane
Director
$0
Frank Appicelli
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$63,180
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,180
Total Program Service Revenue$178,617
Investment income $19,342
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 $263,152

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