Cumberland County Board Of Realtors
- Assets
- $641.3k
- Revenue
- $256.4k
- Investments
- $491.6k
- Employees
- 2
- Location
- Vineland, NJ
- Founding
- 10/1974
- Data as of
- 12/2021
- EIN
- 23-7361276
Organization Overview
Cumberland County Board Of Realtors is located in Vineland, NJ. The organization was established in 1974. 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. As of 12/2021, Cumberland County Board Of Realtors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland County Board 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, Cumberland County Board Of Realtors generated $256.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $204.8k during the year ending 12/2021. 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
UNITE REAL ESTATE BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE REAL ESTATE BUSINESS IN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Depalma President | Trustee | 1 | $6,000 |
Michelle Urgo Secretary | Trustee | $0 | |
Brian Collini Treasurer | Trustee | $0 | |
Carmen Minguela President-El | Trustee | $0 | |
Nehemias Borrero Vice-Preside | Trustee | $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 | $189,564 |
| Investment income | $31,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,175 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $103 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,446 |
| 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 | $62,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,000 |
| Payroll taxes | $5,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,483 |
| Office expenses | $4,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,595 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,446 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,942 |
| Insurance | $4,452 |
| All other expenses | $709 |
| Total functional expenses | $204,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,120 |
| 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 | $32,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $491,576 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727 |
| Total assets | $641,279 |
| Accounts payable and accrued expenses | $1,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $728 |
| 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 | $1,924 |
| 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 | $639,355 |
| Total liabilities and net assets/fund balances | $641,279 |
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Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
Hudson Gateway Association Of Realtors Inc White Plains, NY | $9,638,394 | $4,071,410 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
Astor Place Holding Corporation New York, NY | $864,696 | $1,838,018 |
North Central Jersey Association Of Realtors Inc Morristown, NJ | $6,876,016 | $3,589,162 |