New Jersey Association of Realtors

Nonprofit profile at a glance

EIN
221151210
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Trenton, NJ, USA
Phone
6093417117
Rating confidence
Limited

Official website

Reported finances

Revenue
$10,678,309
Expenses
$8,017,393
Assets
$45,573,295
Liabilities
$4,229,481

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

51 people listed

Executive titles in this filing

  • JANET GINSBERG (FIRST VICE PRESIDENT BEGINNING 12/12/2025)
  • GLORIA MONKS (IMMEDIATE PAST PRESIDENT)
  • JUDITH MORIARTY (FIRST VICE PRESIDENT UNTIL 12/11, PRESIDENT ELECT)
  • KATHLEEN MORIN (PRESIDENT UNTIL 12/12, IMMEDIATE PAST PRESIDE)
  • GLORIA SICILIANO (PRESIDENT ELECT UNTIL 12/11, PRESIDENT BEG. 12/12)
  • JARROD GRASSO (CHIEF EXECUTIVE OFFICER (UNTIL 2/28/25))

Highest reported compensation

  • MARTHA CHANESE (CHIEF OPERATING OFFICER): $427,068 total reported compensation
  • DOUGLAS TOMSON (CHIEF EXECUTIVE OFFICER (BEG. 2/18/25)): $419,861 total reported compensation
  • COLLEEN OLIVER (DIR. OF PUBLIC RELATIONS & MRKTG): $257,928 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To unite local boards & associations of realtors in the state of nj for the purpose of exerting effectively a combined influence upon matters affecting real estate, & to elevate the standards of the real estate business throughout the state.

What it reported doing in 2025

The association provides services that expand members' growth and success; advocacy- protecting members' livelihood and property rights; professional development and training; recognition of outstanding achievement; professional standards.

Operating model

Revenue model
Other-operating. 88% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 85
  • Accountability: 86
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.1%; rating input score 95; 33rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.9%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 5.68; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 28.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.3% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 43 of 43 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.8M in reported program spending
  • Leadership: top reported pay $427K · 51 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 3/100.