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Nonprofiteer
← WEST SAN GABRIEL VALLEY REALTORS

Form 990 for tax year 2023

Filed by WEST SAN GABRIEL VALLEY REALTORS.

Totals

Total revenue
$2,501,752
Total expenses
$2,465,240
Contributions and grants received
$0
Grants paid
$1,500
Program service revenue
$2,174,469
Investment income
$11,163
Other revenue
$316,120
Total assets, end of year
$4,694,223
Total liabilities, end of year
$1,192,506
Net assets or fund balances, end of year
$3,501,717
Program services expenses (Part IX)
$2,465,240
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,465,240

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Membership DuesActivit

    total $2,309,194 · related or exempt $2,309,194

  • 2b · Program service revenue: Membership Dues Discoun

    total -$134,725 · related or exempt -$134,725

  • 3 · Investment income

    total $11,163 · related or exempt $11,163

  • 6a · Gross rents

    real property $310,766

  • 6b · Less rental expenses

    real property $89,224

  • 6c · Rental income or loss

    real property $221,542

  • 6d · Net rental income or loss

    total $221,542 · related or exempt $2,110 · unrelated business $219,432

  • 11a · Other revenue: Other Income

    total $94,578 · related or exempt $94,578

  • 11e · Other revenue, total

    $94,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500 · program services $1,500

  • 5 · Compensation of officers, directors and key employees

    total $148,343 · program services $148,343

  • 7 · Other salaries and wages

    total $328,209 · program services $328,209

  • 8 · Pension plan contributions

    total $14,666 · program services $14,666

  • 9 · Other employee benefits

    total $82,935 · program services $82,935

  • 10 · Payroll taxes

    total $82,142 · program services $82,142

  • 11a · Fees: management

    total $9,600 · program services $9,600

  • 11b · Fees: legal

    total $10,185 · program services $10,185

  • 11c · Fees: accounting

    total $11,550 · program services $11,550

  • 11g · Fees: other

    total $8,562 · program services $8,562

  • 12 · Advertising and promotion

    total $4,621 · program services $4,621

  • 13 · Office expenses

    total $50,413 · program services $50,413

  • 14 · Information technology

    total $68,620 · program services $68,620

  • 16 · Occupancy

    total $148,431 · program services $148,431

  • 19 · Conferences, conventions and meetings

    total $126,239 · program services $126,239

  • 20 · Interest

    total $11,134 · program services $11,134

  • 22 · Depreciation, depletion and amortization

    total $84,896 · program services $84,896

  • 23 · Insurance

    total $12,769 · program services $12,769

  • 24a · Other expenses: Membership Service Exp

    total $1,180,807 · program services $1,180,807

  • 24b · Other expenses: Membership Program Exp

    total $51,855 · program services $51,855

  • 24c · Other expenses: Education Training

    total $5,331 · program services $5,331

  • 24d · Other expenses: Misc

    total $22,432 · program services $22,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $630,513 · end of year $673,701

  • 2 · Savings and temporary cash investments

    beginning of year $1,107,574 · end of year $644,608

  • 4 · Accounts receivable

    beginning of year $179,357 · end of year $167,681

  • 8 · Inventories for sale or use

    beginning of year $19,969 · end of year $22,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,771 · end of year $15,644

  • 10a · Land, buildings and equipment: cost or other basis

    $3,574,513

  • 10b · Land, buildings and equipment: accumulated depreciation

    $622,665

  • 10c · Land, buildings and equipment, net

    beginning of year $2,949,950 · end of year $2,951,848

  • 15 · Other assets

    beginning of year $46,569 · end of year $218,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,956 · end of year $24,645

  • 19 · Deferred revenue

    beginning of year $1,029,838 · end of year $738,835

  • 23 · Secured mortgages and notes payable

    beginning of year $361,704 · end of year $429,026

  • 27 · Net assets without donor restrictions

    beginning of year $3,465,205 · end of year $3,501,717

Mission and programs · 2023

Mission

Our organizations mission is to advocate and enhance the interests of realtors; To promote adherence to the realtor code of ethics and professional competency of members; To safeguard and preserve private property rights, always mindful of culture background within

  • Other Program Expenses

    Expenses $1,208,730

  • Membership: Affiliate & Realtor Membership Dues

    Expenses $1,180,807

  • Membership Programs: Education classes / Global classes, Committee events for members and Installation

    Expenses $75,703

As filed on the 2023 return.

Listed in Part VII

  • Albert Tran

    CEO

    Total calculated
    $175,479
    From this org
    $175,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,343
    Bonus
    not reported
    Other
    $27,136
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,479

  • Ling Chow

    President

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Yin Bihr

    Director

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Shun Zhang

    Vice President

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Cecelia Rudar

    President-Elect

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Brian Chen

    Immediate Past President

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Lorraine Clark

    Director

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Pauline Lam

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Tomas Wong

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Nanette Ong

    Treasurer

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Huei Jeff Huang

    Secretary

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Mao Tom Tseng

    Director

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • William Chung-Y Wei

    Director

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Marian Cavataio

    Director

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202412989349302301

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