Naples Area Board Of Realtors
- Assets
- $6.2m
- Revenue
- $1.7m
- Investments
- $783.2k
- Employees
- 12
- Location
- Naples, FL
- Founding
- 12/1976
- Data as of
- 12/2021
- EIN
- 59-0788505
Organization Overview
Naples Area Board Of Realtors is located in Naples, FL. The organization was established in 1976. 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, Naples Area Board Of Realtors employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naples Area 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, Naples Area Board Of Realtors generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
NAPLES AREA BOARD OF REALTORS AND ASSOCIATION OF REAL ESTATE PROFESSIONALS, INC. (NABOR) PROVIDES AREA REALTORS WITH EDUCATION, ETHICS ENFORCEMENT AND ARBITRATION SERVICES, CONTRACTS AND FORMS, AN INTRANET WITH REAL ESTATE BUSINESS CONTENT, SOCIAL FUNCTIONS, EDUCATIONAL SEMINARS AND COURSES. NABOR'S MAIN OBJECTIVES ARE: TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS; TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION; TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED; TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP; TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THIS COMMUNITY WITH THE FLORIDA ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETHICS TRAINING AND ORIENTATION - A REALTOR IS A MEMBER OF THE NATIONAL ASSOCIATION OF REALTORS. NOT ALL REAL ESTATE LICENSEES ARE REALTORS. ALL REALTORS MUST KNOW AND COMMIT TO THE CODE OF ETHICS, WHICH DISTINGUISHES REALTORS FROM OTHER REAL ESTATE LICENSEES AND ASSURES CLIENTS AND CUSTOMERS THAT REALTORS WILL GO BEYOND WHAT IS REQUIRED BY LAW TO WIN CONSUMERS TRUST. FEW OTHER PROFESSIONAL ORGANIZATIONS IN THE NATION, IF ANY, HAVE PUT IN PLACE SUCH RIGOROUS ETHICS TRAINING REQUIREMENTS FOR THEIR MEMBERS. A REALTOR IS SUBJECT TO DISCIPLINARY ACTION SHOULD A LOCAL ASSOCIATION OF REALTORS FIND HIM OR HER IN VIOLATION OF THE CODE OF ETHICS.
PROFESSIONAL DEVELOPMENT-A VARIETY OF EDUCATIONAL COURSES OFFERED TO MEMBERS IN ORDER TO ADVANCE THEIR KNOWLEDGE WITHIN THE REAL ESTATE INDUSTRY, HELP THEM IN OBTAINING VARIOUS PROFESSIONAL DESIGNATIONS AND PROVIDING THEM WITH A PLACE TO FULFILL THEIR REQUIRED REALTOR CONTINUING EDUCATION CREDITS.
MEDIATION AND ENFORCEMENT OF ETHICS-IN-HOUSE MEDIATION AND ARBITRATION IS OFFERED IN AN EFFORT TO PROVIDE INTERVENTION BETWEEN CONFLICTING PARTIES, TO PROMOTE RECONCILIATION, SETTLEMENT, OR COMPROMISE. THE PROCESS PROVIDES AN OUTLET FOR ALL PARTIES IN A TRANSACTION TO COME TOGETHER TO RESOLVE THEIR ISSUES. IT BENEFITS BOTH MEMBERS AND THOSE IN THE COMMUNITY INVOLVED IN THE TRANSACTION OR EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Manion CEO | Officer | 40 | $213,860 |
Corie Chase Chief Administrative Officer | 40 | $101,591 | |
Nick Bobzien President-Elect | OfficerTrustee | 4 | $0 |
Ryan Bleggi President | OfficerTrustee | 12 | $0 |
Patricia Smith Treasurer | OfficerTrustee | 4 | $0 |
Christine Citrano Vice President/secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| 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 | $1,407,854 |
| Investment income | $42,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,693,023 |
| 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. | $213,860 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,347 |
| Pension plan accruals and contributions | $29,844 |
| Other employee benefits | $82,812 |
| Payroll taxes | $41,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,990 |
| Fees for services: Accounting | $21,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,700 |
| Office expenses | $15,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,289 |
| Insurance | $19,822 |
| All other expenses | $65,897 |
| Total functional expenses | $1,443,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,152,400 |
| Savings and temporary cash investments | $2,104,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,677 |
| 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 | $41,055 |
| Net Land, buildings, and equipment | $58,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $783,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,399 |
| Total assets | $6,186,632 |
| Accounts payable and accrued expenses | $182,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,087,618 |
| Total liabilities | $6,270,158 |
| Net assets without donor restrictions | -$83,526 |
| 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 | $6,186,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |
Florida Rv Trade Association Riverview, FL | $9,475,092 | $4,511,413 |