Maine Real Estate Development Assn
- Assets
- $350.9k
- Revenue
- $392.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, ME
- Founding
- 11/1986
- Data as of
- 06/2021
- EIN
- 01-0416849
Organization Overview
Maine Real Estate Development Assn is located in Portland, ME. The organization was established in 1986. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Maine Real Estate Development Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Real Estate Development Assn 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 06/2021, Maine Real Estate Development Assn generated $392.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $428.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. 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
EDUCATION, ADVOCACY AND NETWORKING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS FOR MEMBERS OF THE REAL ESTATE INDUSTRY, CONTINUING EDUCATION, MEMBER COMMUNICATIONS, ADVOCACY AND NETWORKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Clark Secretary/vp Ops | Officer | 40 | $102,171 |
Craig Young Vice President | OfficerTrustee | 1 | $0 |
Josh Fifield President | OfficerTrustee | 1 | $0 |
Shannon Richards Vice President | OfficerTrustee | 1 | $0 |
Mark Stasium Treasurer | OfficerTrustee | 1 | $0 |
Bev Uhlenhake Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $247,935 |
| 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 | $247,935 |
| Total Program Service Revenue | $143,235 |
| Investment income | $1,132 |
| 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 | $392,302 |
| 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. | $102,171 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,787 |
| Other employee benefits | $2,438 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,622 |
| Information technology | $2,432 |
| Royalties | $0 |
| Occupancy | $14,715 |
| 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 | $833 |
| Insurance | $3,409 |
| All other expenses | $12,532 |
| Total functional expenses | $428,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,760 |
| 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 | $2,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,883 |
| Accounts payable and accrued expenses | $10,767 |
| Grants payable | $0 |
| Deferred revenue | $45,570 |
| 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 | $20,832 |
| Total liabilities | $77,169 |
| 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 | $273,714 |
| Total liabilities and net assets/fund balances | $350,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Hooksett, NH | $1,906,150 | $965,768 |
Hospitalitymaine Augusta, ME | $673,443 | $824,980 |
Retail Association Of Maine Augusta, ME | $616,381 | $534,767 |
Maine Real Estate Development Assn Portland, ME | $350,883 | $392,302 |
New Hampshire Society Of Certified Public Accountants Manchester, NH | $614,780 | $417,024 |
Vermont Truck & Bus Association Inc Concord, NH | $189,743 | $317,441 |
New Hampshire Retail Association Bow, NH | $378,268 | $340,520 |
M H H A Augusta, ME | $208,249 | $297,731 |
Maine State Chiropractors Association Lewiston, ME | $222,399 | $236,821 |
Beverage Distributors Of New Hampshire Llc Brentwood, NH | $36,365 | $192,215 |
Maine Association Of Plumbing Heating Cooling Contractors Inc Cumberland, ME | $172,241 | $0 |
Island Marina Association Alton Bay, NH | $230,285 | $0 |