Southern Adirondack Realtors Inc
- Assets
- $848.9k
- Revenue
- $179.7k
- Investments
- $287.2k
- Employees
- 3
- Location
- Queensbury, NY
- Founding
- 08/1961
- Data as of
- 12/2021
- EIN
- 14-6032431
Organization Overview
Southern Adirondack Realtors Inc is located in Queensbury, NY. The organization was established in 1961. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Southern Adirondack Realtors Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Adirondack Realtors 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 12/2021, Southern Adirondack Realtors Inc generated $179.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $192.4k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 6 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
TO PROVIDE ITS MEMBERS WITH PROGRAMS AND SERVICES WHICH ENHANCE THE MEMBERS' ABILITY TO SUCCESSFULLY CONDUCT THEIR BUSINESSES IN A COMPETENT AND ETHICAL MANNER, AND TO PROMOTE THE PUBLIC'S RIGHT TO USE AND TRANSFER REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ASSISTANCE AND ADMINISTRATIVE SUPPORT TO MEMBERS IN RENTING, SELLING AND APPRAISING REAL ESTATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Densay Sengsoulavong CEO | Officer | 20 | $60,402 |
Conni Tucker Secretary | OfficerTrustee | 1 | $0 |
Eden Rae Whitaker President Elect | OfficerTrustee | 1 | $0 |
Annie Bennett Treasurer-Elect | OfficerTrustee | 1 | $0 |
Catherine Mcdonough President | OfficerTrustee | 1 | $0 |
Jessica Sherry 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 | $180,356 |
| Investment income | $726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,402 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,670 |
| Payroll taxes | $6,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,176 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,803 |
| Advertising and promotion | $0 |
| Office expenses | $2,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,327 |
| Travel | $16,976 |
| 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 | $4,699 |
| Insurance | $2,363 |
| All other expenses | $10,174 |
| Total functional expenses | $192,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $479,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,483 |
| 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 | $1,599 |
| Net Land, buildings, and equipment | $78,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $287,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $848,890 |
| Accounts payable and accrued expenses | $14,470 |
| 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 | $4,441 |
| Total liabilities | $18,911 |
| Net assets without donor restrictions | $829,979 |
| 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 | $848,890 |
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