Bay Area Association Of Realtors
- Assets
- $1.3m
- Revenue
- $291.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Chester, MD
- Founding
- 01/1993
- Data as of
- 10/2022
- EIN
- 52-1255930
Organization Overview
Bay Area Association Of Realtors is located in Chester, MD. The organization was established in 1993. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area 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 10/2022, Bay Area Association Of Realtors generated $291.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $132.8k during the year ending 10/2022. 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
ORGANIZATION PROVIDES CONTINUING EDUCATION AND REQUIRES ADHERENCE TO INDUSTRY STANDARDS FOR THE PURPOSE OF INFORMING AND SERVICING REAL ESTATE BUYERS IN THE BEST POSSIBLE MANNER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES CONTINUING EDUCATION AND REQUIRES ADHERENCE TO INDUSTRY STANDARDS FOR THE PURPOSE OF INFORMING AND SERVICING REAL ESTATE BUYERS IN THE BEST POSSIBLE MANNER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Waterman Past Preside | OfficerTrustee | 6 | $0 |
Glenn Morrison Treasurer | OfficerTrustee | 6 | $0 |
Patty Weller President | OfficerTrustee | 6 | $0 |
Linda Austin President | OfficerTrustee | 6 | $0 |
Violetta Aquirre Director | Trustee | 2 | $0 |
Thomas Richardson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,971 |
| 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 | $94,971 |
| Total Program Service Revenue | $153,381 |
| Investment income | $5,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,145 |
| Net Gain/Loss on Asset Sales | $1,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,834 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,026 |
| 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 | $2,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,859 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,642 |
| Insurance | $3,990 |
| All other expenses | $20,947 |
| Total functional expenses | $132,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,498 |
| Savings and temporary cash investments | $109,265 |
| 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 | $1,293 |
| Prepaid expenses and deferred charges | $36,700 |
| Net Land, buildings, and equipment | $948,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $94,218 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,270,874 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,925 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $421,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,292 |
| Total liabilities | $428,530 |
| Net assets without donor restrictions | $0 |
| 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 | $842,344 |
| Total liabilities and net assets/fund balances | $1,270,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Home Builders Of The United States Washington, DC | $117,181,599 | $47,272,832 |
National Apartment Association Arlington, VA | $36,578,270 | $34,472,867 |
Leadingage Inc Washington, DC | $34,986,280 | $17,783,069 |
Pennsylvania Association Of Realtors Lemoyne, PA | $15,365,413 | $8,876,616 |
National Housing Center Corp Washington, DC | $55,551,825 | $8,807,162 |
National American Indian Housing Council Washington, DC | $5,348,139 | $3,809,714 |
National Association Of Residential Property Managers Chesapeake, VA | $7,197,610 | $3,141,683 |
Public Housing Authorities Directors Association Washington Dc, DC | $6,101,461 | $2,791,595 |
Association Of Foreign Investors In Real Estate Washington, DC | $2,165,663 | $2,052,109 |
Stewards Of Affordable Housing For The Future Washington, DC | $4,750,399 | $3,265,921 |
Nahma Inc Alexandria, VA | $1,371,765 | $1,737,919 |
National Housing Rehabilitation Association Washington, DC | $1,764,260 | $1,317,747 |