Bronx Realty Advisory Board Inc
- Assets
- $524.5k
- Revenue
- $239.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Bronx, NY
- Founding
- 11/1959
- Data as of
- 10/2021
- EIN
- 13-1699461
Organization Overview
Bronx Realty Advisory Board Inc is located in Bronx, NY. The organization was established in 1959. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronx Realty Advisory Board Inc 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 10/2021, Bronx Realty Advisory Board Inc generated $239.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $183.8k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. 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
TO PROVIDE LEGAL SERVICES TO OWNERS OF CO-OPS AND RENTAL BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LEGAL AND ADVISORY SERVICES TO THE OWNERS OF RENTAL AND COOPERATIVE BUILDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Duncan Executive Director | Officer | 40 | $79,010 |
William Schur President | OfficerTrustee | 5 | $35,000 |
Matthew Engel First Vice President | OfficerTrustee | 1 | $0 |
Matthew Schmelzer Second Vice President | OfficerTrustee | 1 | $0 |
Michael Laub Chairman Of The Board | OfficerTrustee | 1 | $0 |
James Coleman Treasurer | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $198,415 |
| Investment income | $23,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $114,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,987 |
| Payroll taxes | $6,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,940 |
| Fees for services: Accounting | -$8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,133 |
| Information technology | $7,696 |
| Royalties | $0 |
| Occupancy | $9,130 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $559 |
| All other expenses | $0 |
| Total functional expenses | $183,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,152 |
| Savings and temporary cash investments | $57,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $442,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,535 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $24,755 |
| Total liabilities | $24,755 |
| Net assets without donor restrictions | $499,780 |
| 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 | $524,535 |
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Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
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Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
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Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
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