Denver Metropolitan Commercial Association Of Realtors
- Assets
- $301.3k
- Revenue
- $505.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Denver, CO
- Founding
- 01/1995
- Data as of
- 09/2023
- EIN
- 84-1276916
Organization Overview
Denver Metropolitan Commercial Association Of Realtors is located in Denver, CO. The organization was established in 1995. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Denver Metropolitan Commercial Association Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Metropolitan Commercial 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 09/2023, Denver Metropolitan Commercial Association Of Realtors generated $505.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $562.7k during the year ending 09/2023. While expenses have increased by 8.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES FOR MEMBERS TO PROFESSIONALLY, ETHICALLY, AND SUCCESSFULLY CONDUCT THEIR COMMERCIAL REAL ESTATE BUSINESS AND TO PROTECT AND SUPPORT THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP SUPPORT AND TRAINING - THE LEADERSHIP TEAM AND MEMBERS ARE BEING SOUGHT OUT TO SPEAK, HOLD OFFICE AND LEAD OTHERS IN BUSINESS DEVELOPMENT, TECHNOLOGY AND NEW PROCESSES THAT REPRESENT AND BENEFIT COMMERCIAL BROKERS ACROSS THE COUNTRY. THE ORGANIZATION'S NATIONAL REPUTATION HAS BEEN EARNED THROUGH ITS LOCAL FOCUS, HARD WORK AND ACHIEVEMENTS.
GOVERNMENT AFFAIRS - THE ORGANIZATION'S GOVERNMENT AFFAIRS PROGRAM HAS ENJOYED NUMEROUS SUCCESSES AND FEATURES A STRONG FOCUS ON A WIDE RANGE OF KEY ISSUES, INCLUDING: STATE-LEVEL PASSING OF CONSTRUCTION DEFECTS REFORM; MONITORING THE AFFORDABLE HOUSING ORDINANCE, PROVIDING INPUT ON PROPOSED PROGRAMS DEVELOPED BY THE CITY'S COMMITTEE AND ANY POTENTIAL ADDITIONAL PROPERTY TAXES AND DEVELOPMENT IMPACT FEES THAT COULD NEGATIVELY HIT THE COMMERCIAL REAL ESTATE INDUSTRY; PREPARING THE COMMERCIAL REAL ESTATE INDUSTRY TO ADHERE TO NEW ENERGY EFFICIENCY REQUIREMENTS RELATED TO TRANSPARENCY AND BENCHMARKING FOR COMMERCIAL BUILDINGS IN DENVER.
MEMBER SERVICES - THE ORGANIZATIONAL COMMITMENT TO MEMBERSHIP SERVICES HAS HELPED TO MAKE MEMBER BUSINESSES STRONGER AND MORE SUCCESSFUL. DMCAR MEMBERS ENJOY THE HIGHEST QUALITY DATABASE PRODUCTS AT THE MOST AFFORDABLE RATES FROM ITS DATABASE PROVIDER PARTNER. MEMBERS ALSO ENJOY ACCESS TO WORLD-CLASS CONTINUING EDUCATION AND PRODUCTIVE NETWORKING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Marion CEO | Officer | 40 | $175,000 |
Erika Shorter President, Director | OfficerTrustee | 3 | $0 |
Charley Will Past President, Director | OfficerTrustee | 2.5 | $0 |
Justin Lutgen President-Elect, Director | OfficerTrustee | 3 | $0 |
Russell Gruber Treasurer, Director | OfficerTrustee | 2.5 | $0 |
Megan Kranichfeld Secretary, Director | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,000 |
| 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 | $28,000 |
| Total Program Service Revenue | $425,550 |
| Investment income | $5,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,375 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,757 |
| 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. | $256,257 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $12,250 |
| Other employee benefits | $35,651 |
| Payroll taxes | $18,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,281 |
| Advertising and promotion | $39,168 |
| Office expenses | $7,123 |
| Information technology | $35,631 |
| Royalties | $0 |
| Occupancy | $715 |
| 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 | $726 |
| Insurance | $2,432 |
| All other expenses | $0 |
| Total functional expenses | $562,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,829 |
| Savings and temporary cash investments | $187,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,980 |
| 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 | $951 |
| Net Land, buildings, and equipment | $1,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,246 |
| Total assets | $301,308 |
| Accounts payable and accrued expenses | $76,742 |
| Grants payable | $0 |
| Deferred revenue | $64,631 |
| 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 | $0 |
| Total liabilities | $141,373 |
| Net assets without donor restrictions | $154,011 |
| Net assets with donor restrictions | $5,924 |
| 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 | $301,308 |