NEW JERSEY ASSOCIATION OF REALTORS

EIN: 221151210

TRENTON, NJ

Total Revenue
$10,529,877
Total Expenses
$7,977,786
Total Assets
$40,068,985
Net Assets
$36,312,247
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
NJ
Principal Officer
JARROD GRASSO
Phone
6093417100
Tax Period
2023-01-01 to 2023-12-31

NEW JERSEY ASSOCIATION OF REALTORS, founded in 1918, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. The organization ran a surplus of $2.6M, a strong 24% operating margin.

Mission

TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,500
Program Service Revenue $9,753,382
Investment Income $733,171
Other Revenue $22,824
TOTAL REVENUE $10,529,877

Expense Breakdown

Grants Paid $34,950
Salaries & Benefits $3,384,954
Fundraising Expenses $0
Other Expenses $4,557,882
TOTAL EXPENSES $7,977,786

Year-over-Year Comparison

2023 2022 Change
Revenue $10,529,877 $10,498,008 +0.0%
Expenses $7,977,786 $7,883,451 +0.0%
Net Income $2,552,091 $2,614,557 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
48
Independent Members
48
Employees
24
Volunteers
383

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
8
$873,307
Total Directors
48
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK MANIS PRESIDENT (UNTIL 12/7) PAST PRESIDENT (BEG. 12/8/ 5.00
Officer Director
$0 $0 $0
GLORIA MONKS PRES ELECT (UNTIL 12/7) PRESIDENT (BEG. 12/8) 5.00
Officer Director
$0 $0 $0
KATHLEEN MORIN FIRST VP (UNTIL 12/7) PRES. ELECT (BEG. 12/8) 5.00
Officer Director
$0 $0 $0
SUSAN LARUE FIRST VICE PRES. (BEGINNING 12/8/23) 5.00
Officer Director
$0 $0 $0
GLORIA SICILIANO TREASURER (UNTIL 12/7/23) 5.00
Officer Director
$0 $0 $0
JAIRO RODRIGUEZ TREASURER (BEG. 12/8/23) 5.00
Officer Director
$0 $0 $0
ROBERT WHITE IMMEDIATE PAST PRESIDENT (UNTIL 12/7/23) 0.20
Director
$0 $0 $0
MARGARET AJAMIAN MEMBER 0.20
Director
$0 $0 $0
NEHEMIAS BORRERO MEMBER 0.20
Director
$0 $0 $0
EMILY BOWDEN MEMBER 0.20
Director
$0 $0 $0
COLLEEN CAMILLO MEMBER 0.20
Director
$0 $0 $0
CHRISTOPHER COCCIA MEMBER 0.20
Director
$0 $0 $0
LISA COMITO MEMBER 0.20
Director
$0 $0 $0
EUGENE CORDANO MEMBER 0.20
Director
$0 $0 $0
MARY DAVIS MEMBER 0.20
Director
$0 $0 $0
ANGELA DESCH MEMBER 0.20
Director
$0 $0 $0
NICOLA ESPOSITO MEMBER 0.20
Director
$0 $0 $0
DREW FISHMAN MEMBER 0.20
Director
$0 $0 $0
YESENIA FRIAS MEMBER 0.20
Director
$0 $0 $0
ROBERT FUNABASHI MEMBER 0.20
Director
$0 $0 $0
SANDRA GARDNER MEMBER 0.20
Director
$0 $0 $0
FRANK GLAUSH MEMBER 0.20
Director
$0 $0 $0
KEREN GONEN MEMBER 0.20
Director
$0 $0 $0
FELIX GRECO MEMBER 0.20
Director
$0 $0 $0
WILLIAM HANLEY MEMBER 0.20
Director
$0 $0 $0
CHRISTINE HOOKS MEMBER 0.20
Director
$0 $0 $0
ILENE HOROWITZ MEMBER 0.20
Director
$0 $0 $0
JEFFREY JONES MEMBER 0.20
Director
$0 $0 $0
WILLIAM KEEGAN MEMBER 0.20
Director
$0 $0 $0
C JOHN KRUK MEMBER 0.20
Director
$0 $0 $0
GENE KRUTYANSKY MEMBER (UNTIL 1/19/23) 0.20
Director
$0 $0 $0
PETER MADDEN MEMBER 0.20
Director
$0 $0 $0
RACHEL MAMMELE MEMBER 0.20
Director
$0 $0 $0
MARIA MARINELLI MEMBER 0.20
Director
$0 $0 $0
MARY ANN MASON MEMBER 0.20
Director
$0 $0 $0
INGA MAXIMOFF MEMBER 0.20
Director
$0 $0 $0
CARMEN MINGUELA MEMBER 0.20
Director
$0 $0 $0
JUDITH MORIARTY MEMBER 0.20
Director
$0 $0 $0
GEORGEANNA NEWMONES MEMBER 0.20
Director
$0 $0 $0
MINA NEWSTADT MEMBER 0.20
Director
$0 $0 $0
MARY NUZIALE MEMBER 0.20
Director
$0 $0 $0
MARK QUARTELLO MEMBER 0.20
Director
$0 $0 $0
BRENDA RICHMOND MEMBER 0.20
Director
$0 $0 $0
HEATHER ROBILLARD MEMBER 0.20
Director
$0 $0 $0
ANGELA SICOLI MEMBER 0.20
Director
$0 $0 $0
PETER SIDERIS MEMBER 0.20
Director
$0 $0 $0
JERRY TUSCANO MEMBER 0.20
Director
$0 $0 $0
DAVID WYRSCH MEMBER 0.20
Director
$0 $0 $0
JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00
Officer
$436,625 $109,266 $545,891
MARTHA CHANESE CHIEF OPERATING OFFICER 35.00
Officer
$285,763 $41,653 $327,416
DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 35.00
Highest
$211,351 $44,546 $255,897
MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 35.00
Highest
$193,267 $36,172 $229,439
WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 35.00
Highest
$164,507 $32,824 $197,331
MARY PILAAR DIRECTOR OF MEMBERSHIP OUT 35.00
Highest
$123,392 $28,498 $151,890
TERESA TILTON DIRECTOR OF PROFESSIONAL S 35.00
Highest
$122,564 $29,452 $152,016
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 No data No data No data No data
2024 No data No data No data No data
2023 $10,529,877 $7,977,786 $40,068,985 $2,552,091
2022 $10,498,008 $7,883,451 $37,896,701 $2,614,557
2021 $9,547,353 $7,120,730 $35,262,029 $2,426,623
2020 $7,235,945 $5,380,165 $31,398,592 $1,855,780
2019 $8,961,846 $6,892,920 $29,795,265 $2,068,926
2018 $8,144,680 $6,276,810 $26,980,076 $1,867,870
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NEW JERSEY ASSOCIATION OF REALTORS with other nonprofits in New Jersey and across the country.