Detroit Board Of Realtors
- Assets
- $187.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/1938
- Data as of
- 12/2021
- EIN
- 38-0480730
Organization Overview
Detroit Board Of Realtors is located in Detroit, MI. The organization was established in 1938. 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. Detroit Board 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, Detroit Board Of Realtors generated $131.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ACTED AS AN AGENT TO COLLECT STATE AND LOCAL DUES FOR THE PURPOSE OF SUBMITTING TO AGENCIES TIMELY. IN ADDITION, THE ORGANIZATION HOSTED EDUCATIONAL SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Holme President Elect | 2 | $0 | |
Eugene Cunningham Board Member | 2 | $0 | |
Dorian Harvey President | 2 | $0 | |
Michael Poole Board Member | 2 | $0 | |
Robert Johnson Board Member | 2 | $0 | |
Rachel Saltmarshall Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,977 |
| Total Program Service Revenue | $0 |
| Membership dues | $122,694 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,671 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,408 |
| Professional fees and other payments to independent contractors | $11,275 |
| Occupancy, rent, utilities, and maintenance | $6,877 |
| Printing, publications, postage, and shipping | $200 |
| Other expenses | $20,167 |
| Total expenses | $80,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,455 |
| Other assets | $0 |
| Total assets | $187,342 |
| Total liabilities | $113,167 |
| Net assets or fund balances | $74,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Association Of Realtors Columbus, OH | $9,934,028 | $6,554,174 |
Imh Realty Corporation Franklin, IN | $84,073,233 | $0 |
River Park Community Corp Dayton, OH | $44,515,596 | $4,317,871 |
Nso Properties Detroit, MI | $10,016,182 | $2,478,176 |
Greater Milwaukee Association Of Realtors Inc Milwaukee, WI | $7,902,612 | $2,380,526 |
Yswin Development Inc Evansville, IN | $15,509,584 | $1,301,817 |
Realtors Associations Of Northeast Wisconsin Inc Appleton, WI | $6,876,231 | $1,366,137 |
Kosciusko Community Ymca Building Corporation Warsaw, IN | $0 | $738,000 |
Jvs Blue Ash Cincinnati, OH | $0 | $0 |
Zbt National Housing Inc Carmel, IN | $5,637,243 | $1,013,179 |
Mrm North Campus Inc Milwaukee, WI | $19,031,963 | $894,597 |
St Ann Center Properties Inc Milwaukee, WI | $24,367,316 | $308,541 |