NORTHEAST ASSOCIATION OF REALTORS INC

EIN: 046110749

WESTFORD, MA

Total Revenue
$782,834
Total Expenses
$659,379
Total Assets
$2,987,804
Net Assets
$2,575,337
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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
MA
Principal Officer
WHITNEY MCNAMARA
Phone
9785776138
Tax Period
2024-01-01 to 2024-12-31

NORTHEAST ASSOCIATION OF REALTORS INC, founded in 1957, is a small nonprofit that reported $783K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $123K, a strong 16% operating margin.

Mission

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS (N.A.R.). TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED. TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP. TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THIS COMMUNITY WITH THE MASSACHUSETTS ASSOCIATION OF REALTORS AND THE N.A.R., THEREBY FURTHERING THEIR OWN OBJECTIVE THROUGHOUT THE STATE AND NATION, AND OBTAINING THE BENEFITS AND PRIVILIDGES OF MEMBERSHIP THEREIN. TO DESIGNATE, FOR THE BENEFIT OF THE PUBLIC, INDIVIDUALS AUTHORIZED TO USE THE TERMS REALTOR AND REALTORS AS LICENSED, PRESCRIBED, AND CONTROLLED BY THE N.A.R.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $705,772
Investment Income $78,460
Other Revenue $-1,398
TOTAL REVENUE $782,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $364,766
Fundraising Expenses $0
Other Expenses $294,613
TOTAL EXPENSES $659,379

Year-over-Year Comparison

2024 2023 Change
Revenue $782,834 $835,507 -0.1%
Expenses $659,379 $705,260 -0.1%
Net Income $123,455 $130,247 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
3
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCES MARKEL PRESIDENT 1.00
Officer Director
$0 $0 $0
BRANDON SWEENEY PRESIDENT-EL 1.00
Officer Director
$0 $0 $0
TRACY CALLAHAN FIRST VICE P 1.00
Officer Director
$0 $0 $0
SHANNON FORSYTHE SECRETARY-TR 1.00
Officer Director
$0 $0 $0
JEFFREY BORSTELL DIRECTOR 1.00
Director
$0 $0 $0
RON CARPENTINO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS DOHERTY DIRECTOR 1.00
Director
$0 $0 $0
MARK KAVANAUGH DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN KEEGAN DIRECTOR 1.00
Director
$0 $0 $0
CHERYL KING DIRECTOR 1.00
Director
$0 $0 $0
WENDY MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN MURPHY DIRECTOR 1.00
Director
$0 $0 $0
GLORISELL ORTEGA DIRECTOR 1.00
Director
$0 $0 $0
SHALMAI RIVERA DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE SAUNDERS DIRECTOR 1.00
Director
$0 $0 $0
NEILY SOTO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
MARIA BROGAN CEO (TO 12/3 49.00
$152,045 $0 $152,045
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $782,834 $659,379 $2,987,804 $123,455
2023 $835,343 $726,294 $2,814,810 $109,049
2023 $835,507 $705,260 $2,805,032 $130,247
2022 $839,138 $700,140 $2,624,134 $138,998
2021 $805,449 $566,208 $2,754,798 $239,241
2020 $623,339 $501,793 $2,376,710 $121,546
2019 $760,709 $677,746 $1,998,067 $82,963
2018 $755,005 $598,121 $1,747,202 $156,884
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