Detroit Board Of Realtors
- Assets
- $152.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/1938
- Data as of
- 12/2022
- EIN
- 38-0480730
Organization Overview
Detroit Board Of Realtors is located in Detroit, MI. The organization was established in 1938. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit 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 12/2022, Detroit Board Of Realtors generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $61.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ACTED AS AN AGENT TO COLLECT STATE AND LOCAL DUES FOR THE PURPOSE OF SUBMITTING TO AGENXIES TIMELY. IN ADDITION, THE ORGANIZATION HOSTED EDUCATIONAL SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herb Strather President | 2 | $0 | |
Terance Bowers President Elect | 2 | $0 | |
Lolita Haley Secretary | 2 | $0 | |
Michael Poole Co. Treasurer | 2 | $0 | |
Carol Trowell Co. Treasurer | 2 | $0 | |
Darralyn Bowers Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,090 |
| Membership dues | $37,570 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $21,888 |
| Total Revenue | $77,550 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,519 |
| Professional fees and other payments to independent contractors | $6,572 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,736 |
| Other expenses | $32,237 |
| Total expenses | $61,064 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,764 |
| Other assets | $0 |
| Total assets | $152,764 |
| Total liabilities | $85,467 |
| Net assets or fund balances | $67,297 |