LONG ISLAND BOARD OF REALTORS INC

EIN: 111020780

WEST BABYLON, NY

Total Revenue
$8,881,368
Total Expenses
$7,655,512
Total Assets
$38,226,393
Net Assets
$30,002,692
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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
NY
Principal Officer
KEVIN LEATHERMAN
Phone
6316614800
Tax Period
2023-01-01 to 2023-12-31

LONG ISLAND BOARD OF REALTORS INC, founded in 1910, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.7M left a modest 14% surplus.

Mission

THE MISSION OF THE LONG ISLAND BOARD OF REALTORS IS TO BE THE TRUSTED ALLY UNITING OUR REALTOR MEMBERS IN PROMOTING THE BENEFITS OF AND ENSURING THE FUTURE OF REAL PROPERTY FOR ALL.

Program Service Accomplishments

Program 1

PROFESSIONAL DEVELOPMENT: EDUCATION AND EVENTS: TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ALL MEMBERS AND TO EQUIPT REALTORS WITH THE NECESSARY KNOWLEDGE AND SKILLS NEEDED TO EXCEL IN THEIR CAREERS...

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PROFESSIONAL DEVELOPMENT: EDUCATION AND EVENTS: TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ALL MEMBERS AND TO EQUIPT REALTORS WITH THE NECESSARY KNOWLEDGE AND SKILLS NEEDED TO EXCEL IN THEIR CAREERS, STAY COMPLIANT WITH INDUSTRY REGULATIONS AND LAWS AND TO PROVIDE THE BEST POSSIBLE SERVICE TO CUSTOMERS AND CLIENTS. LIBOR OFFERS: LICENSING, MANDATORY CONTINUING EDUCATION, SKILL DEVELOPMENT, ETC. AND ALSO, EVENTS TO PROVIDE NETWORKING BUSINESS OPPORTUNITIES, TO ENHANCE MEMBER ENGAGEMENT AND RETENTION. LIBOR OFFERS NYS APPROVED LICENSING AND CONTINUING EDUCATION COURSES, NAR REALTOR DESIGNATION COURSES, BUSINESS AND SKILL DEVELOPMENT PROGRAMS AND BROKER AND MANAGER FORUMS AND SUMMITS THROUGHOUT THE YEAR. THERE WERE 11,065 REGISTRATIONS FOR LIBOR ZOOM/LIVE DISTANCE EDUCATION COURSES (INCLUDING CODE OF ETHICS REPLAYS), 2,969 REGISTRATIONS FOR IN PERSON COURSES/EVENTS, AND 15,254 REGISTRATIONS FOR ONLINE COURSES (INCLUDING LICENSING COURSES). THERE WERE 281 ZOOM EDUCATION COURSES OFFERED AND 76 IN PERSON COURSES/EVENTS OFFERED.

Program 2

REALTOR STORE: TO PROVIDE SUPPLIES, PRODUCTS, SALES AND MARKETING TOOLS TO ALL MEMBERS TO PROMOTE REAL ESTATE ACTIVITY. 133 MEMBERS PURCHASED PRODUCTS THROUGH THE REALTOR STORE. THERE ARE...

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REALTOR STORE: TO PROVIDE SUPPLIES, PRODUCTS, SALES AND MARKETING TOOLS TO ALL MEMBERS TO PROMOTE REAL ESTATE ACTIVITY. 133 MEMBERS PURCHASED PRODUCTS THROUGH THE REALTOR STORE. THERE ARE APPROXIMATELY 30 SUPPLIES AND FORMS AVAILABLE FOR SALE.

Program 3

PSC (PROFESSIONAL STANDARDS COMMITTEE) GRIEVANCE PROCEDURES: TO PROVIDE A COMMITTEE OF PEERS IN WHICH ALL MEMBERS MAY TURN TO FOR FAIR AND PROPER DETERMINATION OF POSSIBLE ETHICS VIOLATIONS AS WELL...

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PSC (PROFESSIONAL STANDARDS COMMITTEE) GRIEVANCE PROCEDURES: TO PROVIDE A COMMITTEE OF PEERS IN WHICH ALL MEMBERS MAY TURN TO FOR FAIR AND PROPER DETERMINATION OF POSSIBLE ETHICS VIOLATIONS AS WELL AS ARBITRATION, MEDIATION, AND OMBUDSMAN SERVICES.THE TOTAL NUMBER OF MEMBERS WHO PARTICIPATED IN THE ARBITRATION OR ETHIC COMPLAINT PROCESS DURING THE YEAR, INCLUDING GRIEVANCE AND MEDIATION, WAS 576.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,000
Program Service Revenue $7,804,424
Investment Income $477,635
Other Revenue $554,309
TOTAL REVENUE $8,881,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,759,384
Fundraising Expenses $0
Other Expenses $2,896,128
TOTAL EXPENSES $7,655,512

Year-over-Year Comparison

2023 2022 Change
Revenue $8,881,368 $8,157,820 +0.1%
Expenses $7,655,512 $6,466,284 +0.2%
Net Income $1,225,856 $1,691,536 -0.3%
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
31
Independent Members
29
Employees
66
Volunteers
224

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
6
$1,046,560
Total Directors
31
$83,176
Key Employees
2
$381,840
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA PRINCE MEMBER 3.00
Director
$0 $0 $0
BARBARA A BUCOVETSKY MEMBER 3.00
Director
$2,150 $0 $2,150
CHARLES A CRUSE JR MEMBER 3.00
Director
$0 $0 $0
CHRISTINE DICKSON MEMBER 3.00
Director
$12,614 $0 $12,614
CHRISTOPHER A BACCHUS MEMBER 3.00
Director
$2,835 $0 $2,835
CLAIRE J LEFACE MEMBER 3.00
Director
$0 $0 $0
DAVID M LEGAZ MEMBER 3.00
Director
$769 $0 $769
DIANA C ALFARO MEMBER 3.00
Director
$0 $0 $0
ELIZABETH LOWE MEMBER 3.00
Director
$1,415 $0 $1,415
ERICA E TURNER MEMBER 3.00
Director
$1,340 $0 $1,340
FREDERIC R GREENE MEMBER 3.00
Director
$3,242 $0 $3,242
GINA MARIE BETTENHAUSER PRESIDENT 6.00
Officer Director
$4,434 $0 $4,434
GLENN BOGGIA MEMBER 3.00
Director
$2,835 $0 $2,835
JOOSOO KIM MEMBER 3.00
Director
$2,835 $0 $2,835
JUDY L CANGEMI MEMBER 3.00
Director
$5,777 $0 $5,777
KALEN M RAYNOR MEMBER 3.00
Director
$2,835 $0 $2,835
KEVIN M LEATHERMAN PRESIDENT ELECT 6.00
Officer Director
$7,655 $0 $7,655
LYDIA BUESO-ROMAN MEMBER 3.00
Director
$0 $0 $0
MARC J CANDELARIA MEMBER 3.00
Director
$0 $0 $0
MARGARET MACRAE MEMBER 3.00
Director
$0 $0 $0
MARK T DONNELLY MEMBER 3.00
Director
$3,359 $0 $3,359
MARY ALICE RUPPERT SECRETARY/TREASURER 6.00
Officer Director
$3,392 $0 $3,392
MELISSA L BRANDT MEMBER 3.00
Director
$1,747 $0 $1,747
PAIGE C RYAN MEMBER 3.00
Director
$1,672 $0 $1,672
RAO A SHAAN KHAN MEMBER 3.00
Director
$12,507 $0 $12,507
RENEE B HUGHES MEMBER 3.00
Director
$0 $0 $0
ROB A CHOUDHURY MEMBER 3.00
Director
$2,835 $0 $2,835
RUTH F PFEFFER MEMBER 3.00
Director
$2,475 $0 $2,475
STEPHAN MAHABIR MEMBER 3.00
Director
$0 $0 $0
SUSAN G HELSINGER PAST PRESIDENT (2021) 6.00
Director
$4,378 $0 $4,378
YVETTE D CLARK WATKINS MEMBER 3.00
Director
$75 $0 $75
DOREEN SPAGNUOLO CEO 32.00
Officer
$298,425 $28,408 $395,552
KATHLEEN KENNEDY VP OF ACCOUNTING & FINANCE 20.00
Officer
$93,626 $29,132 $216,383
TESSA HULTZ CEO 30.00
Officer
$265,539 $63,134 $419,144
PATRICK FIFE GENERAL COUNSEL 37.00
Key Emp
$168,824 $15,272 $200,096
PETE CARBO DIRECTOR OF IT 8.00
Key Emp
$31,088 $26,300 $181,744
ANTHONY RUSSO DIRECTOR OF ACCOUNTING SER 31.00
Highest
$103,956 $52,444 $186,247
LEIGH GOLDBLATT NETWORK ADMIN/TECHN/HELPDE 8.00
Highest
$30,194 $25,901 $176,872
LISA FORCA DIRECTOR OF MEMBERSHIP & B 20.00
Highest
$72,842 $25,467 $171,150
MARLO DILTS SR. DIRECTOR PUBLIC & GOV' 40.00
Highest
$141,754 $25,155 $166,909
MARY ANN MONTELEONE VP PROFESSIONAL DEVELOPMEN 40.00
Highest
$151,273 $44,196 $195,469
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 No data No data No data No data
2023 $8,881,368 $7,655,512 $38,226,393 $1,225,856
2022 $8,157,820 $6,466,284 $35,042,277 $1,691,536
2021 $7,922,994 $6,747,991 $32,824,680 $1,175,003
2020 $8,101,630 $6,631,090 $26,187,429 $1,470,540
2019 $8,091,120 $7,093,134 $26,654,177 $997,986
2018 $17,758,884 $17,192,720 $21,420,534 $566,164
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