New Mexico Association Of Realtors is located in Santa Fe, NM. The organization was established in 1960. 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 12/2021, New Mexico Association Of Realtors employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico 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 Mexico Association Of Realtors generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, INFORMATION, LEGAL DEFENSE, AND TO INFLUENCE LEGISLATION ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO PROVIDE EDUCATIONAL PROGRAMS USING BOOKS, PERIODICALS, LECTURES AND OTHER EDUCATIONAL MATERIALS TO IMPROVE MEMBER SKILLS.
LEGISLATIVE - TO INFLUENCE LEGISLATION RELATING TO AND ASSOCIATED WITH REAL ESTATE IN GENERAL.
SERVICES AND PUBLICATIONS - TO UNITE REAL ESTATE PROFESSIONALS FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON MATTERS AFFECTING THE REAL ESTATE INTERESTS OF NEW MEXICO AND TO INFORM MEMBERS OF THESE MATTERS.
LEGAL DEFENSE - TO PROVIDE FOR LEGAL SERVICES RELATED TO LITIGATION WHICH MAY HAVE PRECEDENTAL SIGNIFICANCE IN THE NEW MEXICO REAL ESTATE INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
M Steven Anaya Ex-Officio/c | Officer | 50 | $220,000 |
Russ James Mcelroy President | OfficerTrustee | 2 | $0 |
Danny Vigil President El | OfficerTrustee | 2 | $0 |
Paul Wilson Imm. Past Pr | OfficerTrustee | 2 | $0 |
Wes Graham Treasurer | OfficerTrustee | 2 | $0 |
Esther Purkey Se Dis. V. P | OfficerTrustee | 2 | $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 | $2,300,802 |
Investment income | $199,781 |
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 | $2,572,562 |
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. | $220,000 |
Compensation of current officers, directors, key employees. | $65,774 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $376,744 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $17,574 |
Payroll taxes | $45,468 |
Fees for services: Management | $0 |
Fees for services: Legal | $168,509 |
Fees for services: Accounting | $38,126 |
Fees for services: Lobbying | $50,510 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $16,494 |
Office expenses | $17,139 |
Information technology | $55,788 |
Royalties | $0 |
Occupancy | $179,773 |
Travel | $37,663 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $109,845 |
Interest | $91,019 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $125,231 |
Insurance | $78,861 |
All other expenses | $116,162 |
Total functional expenses | $1,960,959 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,636,142 |
Savings and temporary cash investments | $589,378 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,353 |
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 | $49,469 |
Net Land, buildings, and equipment | $3,610,863 |
Investments—publicly traded securities | $3,296,801 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $8,400 |
Other assets | $36,771 |
Total assets | $9,229,177 |
Accounts payable and accrued expenses | $70,876 |
Grants payable | $0 |
Deferred revenue | $1,926,495 |
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 | $1,474,002 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $174,926 |
Total liabilities | $3,646,299 |
Net assets without donor restrictions | $5,582,878 |
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 | $9,229,177 |
Organization Name | Assets | Revenue |
---|---|---|
The Society Of St Vincent De Paul Diocesan Council Of Austin Austin, TX | $5,825,991 | $7,002,465 |
West And Southeast Realtors Of The Valley Inc Chandler, AZ | $16,716,149 | $4,817,480 |
Arizona Multi-Housing Association Phoenix, AZ | $5,772,889 | $3,833,501 |
Greater Houston Blders Assoc Affil W/Natl Assoc Of Home Builders Houston, TX | $5,077,041 | $2,919,418 |
Home Builders Association Of Utah Draper, UT | $4,082,547 | $3,740,603 |
Dallas Builders Association Plano, TX | $1,796,887 | $2,223,405 |
New Mexico Association Of Realtors Santa Fe, NM | $9,229,177 | $2,572,562 |
Utah Central Association Of Realtor Orem, UT | $14,924,046 | $2,344,429 |
Home Builders Association Of Metropolitan Denver Centennial, CO | $1,428,765 | $1,786,767 |
Electric League Of Arizona Phoenix, AZ | $2,581,504 | $1,627,774 |
The Real Estate Council Of Austin Austin, TX | $2,105,322 | $1,470,657 |
Housing & Building Association Of Colorado Springs Colorado Springs, CO | $1,762,666 | $1,429,314 |