New Haven Middlesex Association Of Realtors is located in Guilford, CT. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Haven Middlesex Association Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven Middlesex 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, New Haven Middlesex Association Of Realtors generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION WHICH PROVIDES SERVICES TO ITS MEMBERS SO THEY CAN BETTER SERVE THEIR CLIENTS AND CUSTOMERS. THEY PROVIDE PRE-LICENSING TRAINING FOR PERSONS WHO ENTER THE REAL ESTATE OR APPRAISAL FIELD AND CONTINUING EDUCATION FOR LICENSED PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED EDUCATION TO REALTORS IN ETHICS AND PROFESSIONAL TRAINING. WE PROVIDED LEGISLATIVE AND INDUSTRY UPDATES DURING OUR MEETING EVENTS. WE ALSO HELPED MEMBERS OF THE PUBLIC OBTAIN A REAL ESTATE LICENSE IN CONNECTICUT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dawn Calvo CEO | OfficerTrustee | 40 | $188,432 |
Jed Backus President | OfficerTrustee | 0.5 | $0 |
Tom Clancy President-Elect | OfficerTrustee | 0.5 | $0 |
Nicholle Mckiernan Vice President | OfficerTrustee | 0.5 | $0 |
Lorrie Maiorano Treasurer | OfficerTrustee | 0.5 | $0 |
Yolanda Lowe Director | Trustee | 0.5 | $0 |
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 | $1,174,192 |
Investment income | $32,150 |
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 | $1,206,342 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $205,932 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $259,205 |
Pension plan accruals and contributions | $5,912 |
Other employee benefits | $41,292 |
Payroll taxes | $32,853 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $187,661 |
Advertising and promotion | $0 |
Office expenses | $4,626 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $26,513 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $62,700 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $117,178 |
Insurance | $6,338 |
All other expenses | $12,294 |
Total functional expenses | $1,111,803 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $104,169 |
Savings and temporary cash investments | $293,086 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $27,309 |
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 | $1,332 |
Net Land, buildings, and equipment | $2,536,420 |
Investments—publicly traded securities | $493,217 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,455,533 |
Accounts payable and accrued expenses | $39,951 |
Grants payable | $0 |
Deferred revenue | $231,970 |
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 | $1,425,163 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $610 |
Total liabilities | $1,697,694 |
Net assets without donor restrictions | $1,757,839 |
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 | $3,455,533 |
Over the last fiscal year, we have identified 1 grants that New Haven Middlesex Association Of Realtors has recieved totaling $8,228.
Awarding Organization | Amount |
---|---|
Connecticut Association Of Realtors Inc East Hartford, CT PURPOSE: PARTICIPATION IN CFA PROGRAM AND DESIGNATION GRANT | $8,228 |
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