Mgma Realty Corp
- Assets
- $1.0m
- Revenue
- $691.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 11/1989
- Data as of
- 06/2022
- EIN
- 84-1119908
Organization Overview
Mgma Realty Corp is located in Englewood, CO. The organization was established in 1989. 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. Mgma Realty Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Mgma Realty Corp generated $691.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $691.2k during the year ending 06/2022. 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
HOLDS TITLE TO REAL PROPERTY AND COLLECTS RENT FROM ITS EXEMPT PARENT, MGMA-ACMPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MGMA REALTY CORP HOLDS TITLE TO THE REAL PROPERTY AND COLLECTS RENT FROM ITS EXEMPT PARENT, MGMA-ACMPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Marcelo Board Chair | OfficerTrustee | 1 | $0 |
Jeffrey W Smith Vice Chair | OfficerTrustee | 1 | $0 |
Eric D Crockett Finance/audit Chair | OfficerTrustee | 1 | $0 |
William R Hambsh Past Board Chair | OfficerTrustee | 1 | $0 |
Halee Fischer-Wright President/ceo | Officer | 2 | $0 |
Ronald Holder COO | Officer | 2 | $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 | $691,238 |
| Investment income | $0 |
| 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 | $691,238 |
| 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 | $203,655 |
| Pension plan accruals and contributions | $34,596 |
| Other employee benefits | $285 |
| Payroll taxes | $15,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| 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 | $31,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $272,384 |
| Travel | $4,701 |
| 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 | $5,182 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $691,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,629 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $824,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,037,308 |
| Accounts payable and accrued expenses | $83,220 |
| 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 | $1,195,139 |
| Total liabilities | $1,278,359 |
| Net assets without donor restrictions | -$241,051 |
| 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 | $1,037,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
Kansas City Regional Association Of Realtors Inc Leawood, KS | $26,272,975 | $5,840,290 |
Tmc Holdings Inc Tucson, AZ | $68,218,396 | $6,472,503 |
Tucson Association Of Realtors Inc Tucson, AZ | $7,118,539 | $3,342,875 |
Denver Metro Association Of Realtors Denver, CO | $6,496,632 | $3,131,809 |
South Metro Denver Realtor Association Inc Centennial, CO | $7,202,323 | $1,681,652 |
Victory Title Holding Corporation Tulsa, OK | $54,852,893 | $0 |
Northern Wasatch Association Of Realtors South Ogden, UT | $9,212,927 | $2,554,624 |
Laureate Building Corporation Tulsa, OK | $5,103,931 | $1,232,752 |
Pikes Peak Association Of Realtors Inc Colorado Springs, CO | $10,870,945 | $1,683,320 |
Omaha Area Board Of Realtors Omaha, NE | $3,033,383 | $1,260,890 |
Washington County Board Of Realtors St George, UT | $5,134,467 | $1,625,807 |