Nexus Association Of Realtors
- Assets
- $5.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Cherry Hill, NJ
- Founding
- 10/1998
- Data as of
- 12/2021
- 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 12/2021, Nexus Association Of Realtors employed 14 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 12/2021, Nexus Association Of Realtors generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 7.1% 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
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 | $191,635 |
Ronald Woods President | OfficerTrustee | 1 | $10,251 |
Valerie Belardo President Elect | OfficerTrustee | 1 | $5,149 |
Denise Jasinski Treasurer | OfficerTrustee | 1 | $2,500 |
Linda Musser Past President | OfficerTrustee | 1 | $1,000 |
Valerie Dickson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,398,122 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,612 |
| 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 | $1,544,734 |
| Total Program Service Revenue | $295,798 |
| Investment income | $130,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,914 |
| Net Gain/Loss on Asset Sales | $119,774 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,473 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,310,774 |
| 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. | $223,704 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,049 |
| Pension plan accruals and contributions | $16,956 |
| Other employee benefits | $49,752 |
| Payroll taxes | $72,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,730 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $575 |
| Office expenses | $29,855 |
| Information technology | $62,245 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,324 |
| Interest | $17,406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,684 |
| Insurance | $13,581 |
| All other expenses | $332,064 |
| Total functional expenses | $1,799,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,489 |
| Savings and temporary cash investments | $508,115 |
| 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 | $1,340,263 |
| Investments—publicly traded securities | $3,622,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,718,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $744,955 |
| 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 | $131,216 |
| Total liabilities | $876,171 |
| Net assets without donor restrictions | $4,841,910 |
| 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 | $5,718,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Independent Drivers Guild Inc Long Island City, NY | $5,104,857 | $7,835,962 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
World Trade Centers Association Inc New York, NY | $23,293,174 | $7,185,978 |