THE REAL ESTATE BOARD OF NEW YORK INC (EIN 131201480) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1896

Legal Domicile

Principal Officer

JAMES WHELAN

Phone

2126165200

Tax Period

2024-01-01 to 2024-12-31

THE REAL ESTATE BOARD OF NEW YORK INC, founded in 1896, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2024. Expenses of $18.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

1. TO UNITE IN COMMON ORGANIZATION THOSE PROFESSIONALLY ENGAGED IN REAL ESTATE. 2. TO PROTECT AND PROMOTE THE MUTUAL INTERESTS OF ITS MEMBERS. 3. TO FORMULATE AND MAINTAIN ETHICAL STANDARDS FOR THE GUIDANCE OF ITS MEMBERS IN THEIR RELATIONS WITH EACH OTHER AND THE PUBLIC. 4. TO ADVOCATE NECESSARY PUBLIC IMPROVEMENTS AND OPPOSE UNNECESSARY OR WASTEFUL EXPENDITURES OF PUBLIC FUNDS. 5. TO PROMOTE AND ENCOURAGE THE ENACTMENT OF JUST AND REASONABLE LAWS AND ORDINANCES AFFECTING REAL ESTATE AND TO OPPOSE THOSE THAT WOULD BE UNJUST AND UNREASONABLE. 6. TO SUPPLY MEMBERS WITH INFORMATION THEY NEED TO MAKE SOUND BUSINESS DECISIONS. 7. TO HELP REAL ESTATE PROFESSIONALS MEET STATE GOVERMENT LICENSING STANDARDS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,149,057

Program Service Revenue $15,104,116

Investment Income $271,300

Other Revenue $165,231

TOTAL REVENUE $16,689,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,926,521

Fundraising Expenses $0

Program Expenses $18,657,552

Other Expenses $9,731,031

TOTAL EXPENSES $18,657,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,689,704	$17,246,867	0.0%
Expenses	$18,657,552	$16,418,271	+0.1%
Net Income	$-1,967,848	$828,596	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

149

Independent Members

147

Employees

Volunteers

N/A

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

$3,771,842

Total Directors

149

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JED WALENTAS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
WILLIAM C RUDIN	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
DOUGLAS D DURST	PAST CHAIRPE	0.50	Officer Director	$0	$0	$0
ROBERT SPEYER	PAST CHAIRPE	0.50	Officer Director	$0	$0	$0
MARY ANN TIGHE	PAST CHAIRPE	0.50	Officer Director	$0	$0	$0
DANIEL BRODSKY	VICE CHAIRPE	0.50	Officer Director	$0	$0	$0
ALAN H WIENER	VICE CHAIRPE	0.50	Officer Director	$0	$0	$0
LEONARD BOXER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
ROBERT KANAKEL	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
FREDERICK W PETERS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
AMY ROSE	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DONALD ZUCKER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
LESLIE WOHLMAN HIMMEL	TREASURER	0.50	Officer Director	$0	$0	$0
BRUCE BEAL	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHELLE ADAMS	MEMBER BD GO	0.25	Director	$0	$0	$0
SCOTT ALPER	MEMBER BD GO	0.25	Director	$0	$0	$0
BARRY ALTSHULER	MEMBER BD GO	0.25	Director	$0	$0	$0
J DEAN AMRO	MEMBER BD GO	0.25	Director	$0	$0	$0
GARY BARNETT	MEMBER BD GO	0.25	Director	$0	$0	$0
ALBERT P BEHLER	MEMBER BD GO	0.25	Director	$0	$0	$0
CHARLES BENDIT	MEMBER BD GO	0.25	Director	$0	$0	$0
LAWRENCE B BENENSON	MEMBER BD GO	0.25	Director	$0	$0	$0
MEGUMI BROD	MEMBER BD GO	0.25	Director	$0	$0	$0
THOMAS BRODSKY	MEMBER BD GO	0.25	Director	$0	$0	$0
ANDREW BRODY	MEMBER BD GO	0.25	Director	$0	$0	$0
BENJAMIN BROWN	MEMBER BD GO	0.25	Director	$0	$0	$0
MARTY BURGER	MEMBER BD GO	0.25	Director	$0	$0	$0
DONALD CAPOCCIA	MEMBER BD GO	0.25	Director	$0	$0	$0
JOHN CATSIMATIDIS	MEMBER BD GO	0.25	Director	$0	$0	$0
LAWRENCE J COHEN	MEMBER BD GO	0.25	Director	$0	$0	$0
ALEXANDER DURST	MEMBER BD GO	0.25	Director	$0	$0	$0
HELENA DURST	MEMBER BD GO	0.25	Director	$0	$0	$0
JEFF DVORETT	MEMBER BD GO	0.25	Director	$0	$0	$0
DOUGLAS EISENBERG	MEMBER BD GO	0.25	Director	$0	$0	$0
PHILIP EISENBERG	MEMBER BD GO	0.25	Director	$0	$0	$0
ABIGAIL BLACK ELBAUM	MEMBER BD GO	0.25	Director	$0	$0	$0
H HENRY ELGHANAYAN	MEMBER BD GO	0.25	Director	$0	$0	$0
JUSTIN ELGHANAYAN	MEMBER BD GO	0.25	Director	$0	$0	$0
K THOMAS ELGHANAYAN	MEMBER BD GO	0.25	Director	$0	$0	$0
JAKE ELGHANAYAN	MEMBER BD GO	0.25	Director	$0	$0	$0
RALPH ESPOSITO	MEMBER BD GO	0.25	Director	$0	$0	$0
BRIAN FEIL	MEMBER BD GO	0.25	Director	$0	$0	$0
JEFFREY J FEIL	MEMBER BD GO	0.25	Director	$0	$0	$0
RICHARD FERRARI	MEMBER BD GO	0.25	Director	$0	$0	$0
ANTHONY MALKIN	MEMBER BD GO	0.25	Director	$0	$0	$0
HAROLD A FETNER	MEMBER BD GO	0.25	Director	$0	$0	$0
JOHN FISH	MEMBER BD GO	0.25	Director	$0	$0	$0
WINSTON FISHER	MEMBER BD GO	0.25	Director	$0	$0	$0
ADAM FLATTO	MEMBER BD GO	0.25	Director	$0	$0	$0
MICHAEL FRANCO	MEMBER BD GO	0.25	Director	$0	$0	$0
BESS FREEDMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
ROBERT L FREEDMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
MARIO GAZTAMBIDE	MEMBER BD GO	0.25	Director	$0	$0	$0
BRENNAN GILBANE KOCH	MEMBER BD GO	0.25	Director	$0	$0	$0
MARY ANNE GILMARTIN	MEMBER BD GO	0.25	Director	$0	$0	$0
BARRY GOSIN	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMES M GRIPPI	MEMBER BD GO	0.25	Director	$0	$0	$0
DAN J GRONICH	MEMBER BD GO	0.25	Director	$0	$0	$0
JOSEPH A GROTTO JR	MEMBER BD GO	0.25	Director	$0	$0	$0
JEFFREY GURAL	MEMBER BD GO	0.25	Director	$0	$0	$0
ERIC D HADAR	MEMBER BD GO	0.25	Director	$0	$0	$0
WARREN M HELLER	MEMBER BD GO	0.25	Director	$0	$0	$0
DAMON J HEMMERDINGER	MEMBER BD GO	0.25	Director	$0	$0	$0
MONIQUE HENLEY	MEMBER BD GO	0.25	Director	$0	$0	$0
DOROTHY HERMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
MARC HOLLIDAY	MEMBER BD GO	0.25	Director	$0	$0	$0
GARY JACOB	MEMBER BD GO	0.25	Director	$0	$0	$0
STEVEN JAMES	MEMBER BD GO	0.25	Director	$0	$0	$0
KATHRYN KALIKOW	MEMBER BD GO	0.25	Director	$0	$0	$0
MEREDITH KANE	MEMBER BD GO	0.25	Director	$0	$0	$0
ALEX KATZ	MEMBER BD GO	0.25	Director	$0	$0	$0
STEVEN M KENNY	MEMBER BD GO	0.25	Director	$0	$0	$0
GEORGE KLEIN	MEMBER BD GO	0.25	Director	$0	$0	$0
MARIAN KLEIN	MEMBER BD GO	0.25	Director	$0	$0	$0
DAVID J KOEPPEL	MEMBER BD GO	0.25	Director	$0	$0	$0
JASON KOLLANDER	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMES D KUHN	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMIL LACOURT	MEMBER BD GO	0.25	Director	$0	$0	$0
KEVIN LALEZARIAN	MEMBER BD GO	0.25	Director	$0	$0	$0
ANITA LAREMONT	MEMBER BD GO	0.25	Director	$0	$0	$0
MARGARETTE LEE	MEMBER BD GO	0.25	Director	$0	$0	$0
HARRISON LEFRAK	MEMBER BD GO	0.25	Director	$0	$0	$0
JEFFERY E LEVINE	MEMBER BD GO	0.25	Director	$0	$0	$0
DAVID LICHTENSTEIN	MEMBER BD GO	0.25	Director	$0	$0	$0
PAMELA LIEBMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
HOWARD LORBER	MEMBER BD GO	0.25	Director	$0	$0	$0
KELLY MACK	MEMBER BD GO	0.25	Director	$0	$0	$0
GARY MALIN	MEMBER BD GO	0.25	Director	$0	$0	$0
MARK MARCUCCI	MEMBER BD GO	0.25	Director	$0	$0	$0
FREDERICK KANE MAREK	MEMBER BD GO	0.25	Director	$0	$0	$0
FRANK MARINO	MEMBER BD GO	0.25	Director	$0	$0	$0
BENJAMIN M MCGRATH	MEMBER BD GO	0.25	Director	$0	$0	$0
KEN MCINTYRE	MEMBER BD GO	0.25	Director	$0	$0	$0
JOSEPH A MCMILLAN JR	MEMBER BD GO	0.25	Director	$0	$0	$0
KARA MCSHANE	MEMBER BD GO	0.25	Director	$0	$0	$0
JONATHAN L MECHANIC	MEMBER BD GO	0.25	Director	$0	$0	$0
STEPHEN J MERINGOFF	MEMBER BD GO	0.25	Director	$0	$0	$0
JOSEPH MOINIAN	MEMBER BD GO	0.25	Director	$0	$0	$0
DANIELLE MOLAISON	MEMBER BD GO	0.25	Director	$0	$0	$0
WILLIAM C MONTANA	MEMBER BD GO	0.25	Director	$0	$0	$0
ROSS MOSKOWITZ	MEMBER BD GO	0.25	Director	$0	$0	$0
BRUCE E MOSLER	MEMBER BD GO	0.25	Director	$0	$0	$0
WENDY MOSLER	MEMBER BD GO	0.25	Director	$0	$0	$0
JASON L MUSS	MEMBER BD GO	0.25	Director	$0	$0	$0
MIKI NAFTALI	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMES NELSON	MEMBER BD GO	0.25	Director	$0	$0	$0
JAY A NEVELOFF	MEMBER BD GO	0.25	Director	$0	$0	$0
WAYNE NGAI	MEMBER BD GO	0.25	Director	$0	$0	$0
JJ OFER	MEMBER BD GO	0.25	Director	$0	$0	$0
MARIO J PALUMBO	MEMBER BD GO	0.25	Director	$0	$0	$0
ADAM PARKOFF	MEMBER BD GO	0.25	Director	$0	$0	$0
MATT PETRULA	MEMBER BD GO	0.25	Director	$0	$0	$0
DAVID PICKET	MEMBER BD GO	0.25	Director	$0	$0	$0
JOEL I PICKET	MEMBER BD GO	0.25	Director	$0	$0	$0
SCOTT RECHLER	MEMBER BD GO	0.25	Director	$0	$0	$0
JONATHAN RESNICK	MEMBER BD GO	0.25	Director	$0	$0	$0
PETER G RIGUARDI	MEMBER BD GO	0.25	Director	$0	$0	$0
ANDREW H ROOS	MEMBER BD GO	0.25	Director	$0	$0	$0
GABRIEL ROSEN	MEMBER BD GO	0.25	Director	$0	$0	$0
DAVID ROTHENBERG	MEMBER BD GO	0.25	Director	$0	$0	$0
STEVEN RUBENSTEIN	MEMBER BD GO	0.25	Director	$0	$0	$0
MICHAEL RUDIN	MEMBER BD GO	0.25	Director	$0	$0	$0
SUJOHN SARKAR	MEMBER BD GO	0.25	Director	$0	$0	$0
ROBERT SCHARF	MEMBER BD GO	0.25	Director	$0	$0	$0
CHRISTOPHER SCHLANK	MEMBER BD GO	0.25	Director	$0	$0	$0
SETH SCHOCHET	MEMBER BD GO	0.25	Director	$0	$0	$0
AVI SCHRON	MEMBER BD GO	0.25	Director	$0	$0	$0
TODD SCHWARTZ	MEMBER BD GO	0.25	Director	$0	$0	$0
JEREMY SHELL	MEMBER BD GO	0.25	Director	$0	$0	$0
DAVID SIGMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
LISA SILVERSTEIN	MEMBER BD GO	0.25	Director	$0	$0	$0
SCOTT SINGER	MEMBER BD GO	0.25	Director	$0	$0	$0
SCOTT E SOLOMON	MEMBER BD GO	0.25	Director	$0	$0	$0
HILARY SPANN	MEMBER BD GO	0.25	Director	$0	$0	$0
DARCY A STACOM	MEMBER BD GO	0.25	Director	$0	$0	$0
BRIAN STEINWURTZEL	MEMBER BD GO	0.25	Director	$0	$0	$0
HOWARD SWARZMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
DANIEL R TISHMAN	MEMBER BD GO	0.25	Director	$0	$0	$0
JON VOGEL	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMES R WACHT	MEMBER BD GO	0.25	Director	$0	$0	$0
KEVIN R WANG	MEMBER BD GO	0.25	Director	$0	$0	$0
BERNARD WARREN	MEMBER BD GO	0.25	Director	$0	$0	$0
PHILIP TOD WATERMAN III	MEMBER BD GO	0.25	Director	$0	$0	$0
SETH WIENER	MEMBER BD GO	0.25	Director	$0	$0	$0
GLEN J WEISS	MEMBER BD GO	0.25	Director	$0	$0	$0
FRED WILPON	MEMBER BD GO	0.25	Director	$0	$0	$0
LARY S WOLF	MEMBER BD GO	0.25	Director	$0	$0	$0
JANET WOODS	MEMBER BD GO	0.25	Director	$0	$0	$0
LAURIE ZUCKER	MEMBER BD GO	0.25	Director	$0	$0	$0
JAMES WHELAN	PRESIDENT	40.00	Officer	$868,930	$85,315	$954,245
TRACEY MALLIN	CONTROLLER	40.00	Highest	$260,977	$41,786	$302,763
SANDHYA ESPITIA	COO	40.00	Officer	$436,595	$26,738	$463,333
REGGIE THOMAS	SVP	40.00	Officer	$199,483	$24,712	$224,195
ARAVELLA SIMOTAS	SVP	40.00	Officer	$141,792	$9,243	$151,035
CARL HUM	SVP GENERAL	40.00	Officer	$271,970	$84,784	$356,754
BASHA GERHARDS	SVP	40.00	Officer	$218,663	$72,308	$290,971
NINVE JAMES	SVP	40.00	Officer	$380,468	$26,738	$407,206
ZACHARY SCHECTER-STEINBERG	SVP	40.00	Officer	$225,779	$17,903	$243,682
KATHERINE WRIGHT	SVP	40.00	Officer	$96,341	$23,112	$119,453
YVONNE RILEY-TEPIE	SVP	40.00	Officer	$278,057	$58,346	$336,403
COLLEEN SLATTERY	SVP	40.00	Officer	$190,923	$33,642	$224,565
MIAH YOO	DIRECTOR	40.00	Highest	$170,039	$46,396	$216,435
MARYANN AVILES	VP	40.00	Highest	$204,255	$28,814	$233,069
JASON RYAN	VP	40.00	Highest	$169,471	$30,083	$199,554
ANA LIS	VP	40.00	Highest	$172,181	$29,937	$202,118

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	$16,689,704	$18,657,552	$24,867,283	$-1,967,848
2023	$17,246,867	$16,418,271	$26,730,806	$828,596
2022	$16,622,426	$15,211,817	$13,320,941	$1,410,609
2021	$14,285,773	$13,481,500	$13,608,943	$804,273
2020	$15,537,931	$17,640,665	$14,709,348	$-2,102,734
2019	$16,230,615	$16,851,304	$18,384,030	$-620,689
2018	$15,421,216	$15,275,031	$18,229,417	$146,185

THE REAL ESTATE BOARD OF NEW YORK INC