Nexus Association Of Realtors
- Assets
- $5.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Cherry Hill, NJ
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 22-3543373
Organization Overview
Nexus Association Of Realtors is located in Cherry Hill, NJ. The organization was established in 1998. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Nexus Association Of Realtors employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexus Association Of Realtors 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 12/2022, Nexus Association Of Realtors generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 10.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE PROFESSIONALISM AND PROFITABILITY OF MEMBERS IN THE REAL ESTATE INDUSTRY THROUGH SERVICES, COMMUNICATION, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE MEMBERS ON REAL ESTATE INDUSTRY ISSUES THROUGH SEMINARS AND OTHER PROGRAMS.
SPONSOR VARIOUS RECOGNITION PROGRAMS TO HONOR MEMBER ACHIEVEMENTS.
OPERATE A REALTOR STORE OFFERING SERVICES AND PRODUCTS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Streichert CEO | Officer | 40 | $231,871 |
Valerie Belardo President | OfficerTrustee | 1 | $10,000 |
Ronald Woods Past President | OfficerTrustee | 1 | $1,000 |
Brenda Richmond President Elect | OfficerTrustee | 1 | $5,000 |
David Wyrsch Jr Treasurer | OfficerTrustee | 1 | $2,500 |
Eugenia Bonilla Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,514,361 |
| 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 | $1,514,361 |
| Total Program Service Revenue | $347,407 |
| Investment income | $135,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $577,164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,881 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,746,865 |
| 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. | $263,605 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $687,717 |
| Pension plan accruals and contributions | $21,143 |
| Other employee benefits | $59,437 |
| Payroll taxes | $76,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,864 |
| Fees for services: Accounting | $10,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,793 |
| Office expenses | $49,213 |
| Information technology | $59,744 |
| Royalties | $0 |
| Occupancy | $15,200 |
| Travel | $1,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,539 |
| Insurance | $8,602 |
| All other expenses | $272,886 |
| Total functional expenses | $2,043,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,922 |
| Savings and temporary cash investments | $1,275,740 |
| 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 | $1,089 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,149,594 |
| Investments—publicly traded securities | $2,858,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $5,651,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $753,317 |
| 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 | $127,262 |
| Total liabilities | $880,579 |
| Net assets without donor restrictions | $4,770,645 |
| 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 | $5,651,224 |