Cleveland Association Of Building Owners And Managers
- Assets
- $474.4k
- Revenue
- $395.8k
- Investments
- $282.3k
- Employees
- 4
- Location
- Cleveland, OH
- Founding
- 10/1940
- Data as of
- 12/2022
- EIN
- 34-0148640
Organization Overview
Cleveland Association Of Building Owners And Managers is located in Cleveland, OH. The organization was established in 1940. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Cleveland Association Of Building Owners And Managers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Association Of Building Owners And Managers 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, Cleveland Association Of Building Owners And Managers generated $395.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $453.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING AND ECONOMIC SAVINGS OPPORTUNITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
531310 MONTHLY MEETINGS ENABLE THE BUILDING OWNERS & MANAGERS ASSOCIATION OF GREATER CLEVELAND TO SERVE ITS MEMBERS BY PROVIDING VALUABLE RESOURCES SUCH AS ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING & ECONOMIC OPPORTUNITY WITHIN THE COMMERCIAL REAL ESTATE INDUSTRY. PRESENTLY 118 FULL & 108 ASSOCIATE MEMBERS TAKE ADVANTAGE OF THIS BUSINESS OPPORTUNITY.
531390 A NEWSLETTER IS PRINTED FOR MEMBERS. THIS LETTER CONTAINS UPCOMING EVENTS, MORE IMPORTANTLY, IT KEEPS MEMBERS AWARE OF THE LATEST LEGISLATION FROM CONGRESS, THE STATEHOUSE OR LOCAL OFFICIALS THAT WILL AFFECT THEIR BUSINESS. LEGISLATION SUCH AS THE NEWEST MEASUREMENT STANDARDS FOR RENTABLE AREA, OHSA AND THE EPA NEW MANDATES AND CHANGES TO THE EXISTING ONES. AN ADVISORY SERVICE & MEMBER SHARING PROGRAM IS PROVIDED TO BENEFIT MEMBERS BY OFFERING DISCOUNTED GROUP PURCHASING RATES FOR ELECTRICITY & PUBLICATIONS. THE ADVISORY SERVICE & NEWSLETTER STIR THE MEMBERS TO ATTEND MEETINGS & BECOME MORE INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Nemanic New Executiv | Officer | 45 | $83,000 |
Byron Bright Director | Trustee | 3 | $0 |
Brad Butler Director | Trustee | 3 | $0 |
Kristi Feller Director | Trustee | 3 | $0 |
Kevin Gail Director | Trustee | 3 | $0 |
Tom Hobbs Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,002 |
| 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 | $215,002 |
| Total Program Service Revenue | $181,829 |
| Investment income | -$1,080 |
| 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 | $395,751 |
| 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. | $83,000 |
| Compensation of current officers, directors, key employees. | $62,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,300 |
| Pension plan accruals and contributions | $4,714 |
| Other employee benefits | $2,010 |
| Payroll taxes | $16,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $881 |
| Fees for services: Accounting | $6,101 |
| 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 | $15,973 |
| Information technology | $9,223 |
| Royalties | $0 |
| Occupancy | $43,942 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,742 |
| Insurance | $7,645 |
| All other expenses | $1,906 |
| Total functional expenses | $453,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,228 |
| Savings and temporary cash investments | $129,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,435 |
| 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 | $3,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $282,257 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,431 |
| Accounts payable and accrued expenses | $1,647 |
| Grants payable | $0 |
| Deferred revenue | $20,460 |
| 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 | $0 |
| Total liabilities | $22,107 |
| Net assets without donor restrictions | $447,327 |
| Net assets with donor restrictions | $4,997 |
| 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 | $474,431 |