THE REAL ESTATE BAR ASSOCIATION FO… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

PETER WITTENBORG

Phone

6178547555

Tax Period

2025-01-01 to 2025-12-31

THE REAL ESTATE BAR ASSOCIATION FOR MASSACHUSETTS INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $852K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year.

Mission

THE REAL ESTATE BAR ASSOCIATION (REBA) FOR MASSACHUSETTS, INC.'S PRIMARY MISSION IS TO ADVANCE THE PRACTICE OF REAL ESTATE LAW IN MASSACHUSETTS BY CREATING AND SPONSORING PROFESSIONAL STANDARDS, ACTIVELY PARTICIPATING IN LEGISLATIVE PROCESSES,CREATING EDUCATIONAL PROGRAMS AND MATERIAL.

Program Service Accomplishments

Program 1

Expenses: $805,230 Revenue: $851,015

THE ASSOCIATION SPONSORS SEMINARS ON MATTERS OF CURRENT INTEREST TO ITS MEMBERS, INCLUDING UPDATES ON RECENT CASE LAW AND LEGISLATION. THE ASSOCIATION ALSO PROPOSES AND MONITORS LEGISLATION ON...

THE ASSOCIATION SPONSORS SEMINARS ON MATTERS OF CURRENT INTEREST TO ITS MEMBERS, INCLUDING UPDATES ON RECENT CASE LAW AND LEGISLATION. THE ASSOCIATION ALSO PROPOSES AND MONITORS LEGISLATION ON CONVEYANCE AND TITLE RELATED ISSUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $602

Program Service Revenue $848,581

Investment Income $0

Other Revenue $2,434

TOTAL REVENUE $851,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $590,484

Fundraising Expenses $160

Program Expenses $805,230

Other Expenses $307,398

TOTAL EXPENSES $897,882

Year-over-Year Comparison

	2025	2024	Change
Revenue	$851,617	$949,581	-0.1%
Expenses	$897,882	$838,961	+0.1%
Net Income	$-46,265	$110,620	-1.4%

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

Independent Members

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

Total Directors

Key Employees

$226,064

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDRA L BERARDI	AT LARGE DIRECTOR	3.00	Director	$0	$0	$0
JULIE P BARRY	EMERITUS DIRECTOR	1.50	Director	$0	$0	$0
NICHOLAS P SHAPIRO	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT K HOPKINS	TREASURER	3.00	Officer Director	$0	$0	$0
PAUL F ALPHEN	DIRECTOR	1.50	Director	$0	$0	$0
KIMBERLY A BIELAN	PRESIDENT-ELECT	3.00	Director	$0	$0	$0
CONRAD J BLETZER JR	AT LARGE DIRECTOR	1.50	Director	$0	$0	$0
KATHLEEN M HEYER	CLERK	3.00	Officer Director	$0	$0	$0
NIEL D GOLDEN	AT LARGE DIRECTOR	1.50	Director	$0	$0	$0
DANIEL P DAIN	DIRECTOR	1.50	Director	$0	$0	$0
HENRY J DANE	DIRECTOR	1.50	Director	$0	$0	$0
LISA J DELANEY	DIRECTOR	1.50	Director	$0	$0	$0
JESSE D SCHOMER	AT LARGE DIRECTOR	3.00	Director	$0	$0	$0
NOEL M DI CARLO	EMERITUS DIRECTOR	1.50	Director	$0	$0	$0
CARRIE B RAINEN	EMERITUS DIRECTOR	1.50	Director	$0	$0	$0
JAQUELINE A WATERS ADAMS	EX OFFICIO DIRECTOR	1.50	Director	$0	$0	$0
THOMAS BHISITKUL	DIRECTOR	1.50	Director	$0	$0	$0
ROBERT K HOPKINS	TREASURER	1.50	Officer Director	$0	$0	$0
ALEXANDRIA K CASTALDO	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTOPHER J DONNELLY	DIRECTOR	1.50	Director	$0	$0	$0
RYAN G DOUGLAS	DIRECTOR	1.50	Director	$0	$0	$0
PETER P GELZINIS	DIRECTOR	1.50	Director	$0	$0	$0
MARIE R INNARELLI	DIRECTOR	1.50	Director	$0	$0	$0
LUKE H LEGERE	DIRECTOR	1.50	Director	$0	$0	$0
TED S PAPADOPOULOS	DIRECTOR	1.50	Director	$0	$0	$0
KIMBERLY L MARTIN-EPSTEIN	DIRECTOR	1.50	Director	$0	$0	$0
THOMAS O MORIARTY	DIRECTOR	1.50	Director	$0	$0	$0
JULIE M PALMACCIO	DIRECTOR	1.50	Director	$0	$0	$0
DOMINIC H PONCIA III	DIRECTOR	1.50	Director	$0	$0	$0
THERESA M SANTORO	DIRECTOR	1.50	Director	$0	$0	$0
ROBERT W STETSON III	DIRECTOR	1.50	Director	$0	$0	$0
DOUGLAS A TROYER	DIRECTOR	1.50	Director	$0	$0	$0
TIMOTHY J VAN DER VEEN	DIRECTOR	1.50	Director	$0	$0	$0
PETER WITTENBORG ESQ	EXECUTIVE DIRECTOR	40.00	Key Emp	$226,064	$0	$226,064

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
2025	$851,617	$897,882	$193,829	$-46,265
2024	$949,581	$838,961	$270,578	$110,620
2023	$707,014	$939,461	$238,754	$-232,447
2022	$812,459	$905,833	$300,652	$-93,374
2021	$672,608	$589,835	$332,780	$82,773
2020	$543,148	$575,077	$243,193	$-31,929
2019	$613,707	$567,727	$206,069	$45,980
2018	$514,681	$607,416	$145,890	$-92,735
2017	$632,506	$569,933	$218,140	$62,573

THE REAL ESTATE BAR ASSOCIATION FOR MASSACHUSETTS INC