West Essex Board of Realtors Inc
Nonprofit profile at a glance
- EIN
- 221821351
- IRS 990-EZ coverage
- 2014–2019
- Forms available
- Form 990 2013, Form 990-EZ 2019
- Location
- Morristown, NJ, USA
- Phone
- 9734252590
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $146,203
- Expenses
- $188,811
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- PHILIP BERMAN (PRESIDENT)
- JANE KONELMANN (VICE PRESIDENT)
- ANN MCCARTHY (VICE PRESIDENT)
People named in this filing
- JILL BERMAN LEVY (CHIEF EXEC OFFICER)
- PHILIP BERMAN (PRESIDENT)
- JANE KONELMANN (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To adhere to realtor code of ethics and to provide members with the resources, progams, and services necessary to conduct a professional and successful business.
What it reported doing in 2019
To promote a postive realtor image within the community and to be a voice of the real estate profession through its advocacy of private property rights.
Operating model
- Revenue model
- Membership-supported. 88% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 82
- Sustainability: 4
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.8%; rating input score 56
- Program expense ratio: 42.9%; rating input score 43
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -29.1%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 23.5%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -13.4% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -3.2% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: -7.4% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 55.8% of revenue deployed · 42.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $81K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2014 to 2019
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 17/100.