Young Mens-Womens Real Estate Association Of New York Inc
- Assets
- $322.8k
- Revenue
- $360.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 13-3013058
Organization Overview
Young Mens-Womens Real Estate Association Of New York Inc is located in New York, NY. The organization was established in 1980. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens-Womens Real Estate Association Of New York Inc 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 12/2023, Young Mens-Womens Real Estate Association Of New York Inc generated $360.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $378.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO UNITE IN COMMON ORGANIZATION THOSE YOUNG MEN AND WOMEN WHOSE PRINCIPLE OCCUPATION IS THE REAL ESTATE PROFESSION; TO INVESTIGATE, DEBATE, PROMOTE AND PUBLICIZE THOSE POLICIES WHICH, IN THE OPINION OF THE ORGANIZATION, SHALL BENEFIT THE INDUSTRY, THE ORGANIZATION AND IT'S MEMBERS; TO COOPERATE WITH ALL OTHER ORGANIZATIONS WITH COMMON PURPOSE AND GOALS; TO UNITE IN COMMON ACTION TO FURTHER THESE GOALS; TO PROMOTE GREATER UNDERSTANDING AND KNOWLEDGE AMONG ITS MEMBERS; TO STRIVE TO SECURE THE HIGHEST STANDING OF ETHICAL AND MORAL PROFESSIONAL CONDUCT BY ITS MEMBERS AND THE ENTIRE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS SEVERAL EVENTS DURING THE YEAR. SOME OF THESE EVENTS INCLUDE, BUT ARE NOT LIMITED TO:LUNCHEONS - HELD APPROXIMATELY 10 TIMES PER YEAR; THE PURPOSE IS TO INFORM AND EDUCATE MEMBERS ABOUT RELEVANT REAL ESTATE ISSUES AND DEVELOPMENTS.DINNER DANCES, OUTINGS, SOCIAL GATHERINGS - THE PURPOSE IS TO GATHER MEMBERS AND NON-MEMBERS TOGETHER TO INFORM PARTICIPANTS OF CURRENT AND UPCOMING EVENTS AND DEVELOPMENTS.PRINTING & PUBLICATIONS - PERIODIC NEWSLETTER AND MEMBERSHIP DIRECTORY IS PRINTED AND CIRCULATED TO ALL MEMBERS. THE NEWSLETTER COVERS CURRENT REAL ESTATE ISSUES AND DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Rooney Governor | Trustee | 6 | $0 |
Kylie Vanburen Vice-Chairman | Trustee | 4 | $0 |
Patrick Steffens Governor | Trustee | 3 | $0 |
Dave Carswell Governor | Trustee | 3 | $0 |
Mike Kavanagh Secretary | Trustee | 6 | $0 |
James Nelson Chairman | Trustee | 12 | $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 | $258,965 |
| Investment income | $9,229 |
| 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 | $360,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,861 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $22 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,065 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $8,266 |
| All other expenses | $12,176 |
| Total functional expenses | $378,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,642 |
| Savings and temporary cash investments | $249,130 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $322,772 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $302,667 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $20,105 |
| Total liabilities and net assets/fund balances | $322,772 |
Grants Awarded
Over the last fiscal year, Young Mens-Womens Real Estate Association Of New York Inc has awarded $21,941 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: GENERAL SUPPORT | $5,000 |
THE RIVER FUND OF NEW YORK PURPOSE: GENERAL SUPPORT | $11,000 |
THE DALMATIAN DREAMS FOUNDATION DBA THE DREAM FDN PURPOSE: GENERAL SUPPORT | $5,941 |