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← NORTH BAY ASSOCIATION OF REALTORS

Form 990 for tax year 2024

Filed by NORTH BAY ASSOCIATION OF REALTORS.

Totals

Total revenue
$1,583,328
Total expenses
$1,540,991
Contributions and grants received
$1,500,467
Grants paid
$7,200
Program service revenue
$30,568
Investment income
$49,657
Other revenue
$2,636
Total assets, end of year
$1,492,170
Total liabilities, end of year
$771,255
Net assets or fund balances, end of year
$720,915
Program services expenses (Part IX)
$814,373
Management and general expenses
$726,618
Fundraising expenses
$0
Program service expenses (Part III)
$814,373

Program services were 52.8% 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.

  • 1b · Membership dues

    $1,500,467

  • 2a · Program service revenue: CHAPTER FUNCTIONS

    total $24,665 · related or exempt $24,665

  • 2b · Program service revenue: OTHER MEMBER SERVICES

    total $5,903 · related or exempt $5,903

  • 3 · Investment income

    total $33,187 · excluded $33,187

  • 7a · Gross sales of assets other than inventory

    securities $16,470

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $16,470

  • 7d · Net gain or loss

    total $16,470 · unrelated business $16,470

  • 10a · Gross sales of inventory

    $5,244

  • 10b · Cost of goods sold

    $2,608

  • 10c · Net income from sales of inventory

    total $2,636 · related or exempt $2,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,200 · program services $7,200

  • 5 · Compensation of officers, directors and key employees

    total $353,927 · program services $176,555 · management and general $177,372

  • 7 · Other salaries and wages

    total $383,275 · program services $229,965 · management and general $153,310

  • 8 · Pension plan contributions

    total $11,373 · program services $6,824 · management and general $4,549

  • 9 · Other employee benefits

    total $34,373 · program services $20,624 · management and general $13,749

  • 10 · Payroll taxes

    total $44,884 · program services $26,930 · management and general $17,954

  • 11b · Fees: legal

    total $50,132 · program services $30,079 · management and general $20,053

  • 11c · Fees: accounting

    total $24,008 · program services $2,401 · management and general $21,607

  • 11g · Fees: other

    total $52,453 · program services $52,453

  • 13 · Office expenses

    total $4,153 · program services $1,246 · management and general $2,907

  • 16 · Occupancy

    total $219,240 · program services $120,582 · management and general $98,658

  • 17 · Travel

    total $2,598 · program services $1,039 · management and general $1,559

  • 19 · Conferences, conventions and meetings

    total $112,725 · program services $112,725

  • 22 · Depreciation, depletion and amortization

    total $15,729 · program services $6,292 · management and general $9,437

  • 23 · Insurance

    total $6,406 · program services $1,281 · management and general $5,125

  • 24a · Other expenses: OTHER EXPENSE

    total $135,524 · management and general $135,524

  • 24b · Other expenses: BANK CHARGES

    total $37,051 · management and general $37,051

  • 24c · Other expenses: TELEPHONE

    total $17,425 · program services $5,227 · management and general $12,198

  • 24d · Other expenses: EQUIPMENT RENTAL & MAIN

    total $10,911 · program services $3,273 · management and general $7,638

  • 24e · All other expenses

    total $17,604 · program services $9,677 · management and general $7,927

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $289 · end of year $579

  • 2 · Savings and temporary cash investments

    beginning of year $1,274,668 · end of year $1,165,123

  • 4 · Accounts receivable

    beginning of year $12,863 · end of year $29,906

  • 8 · Inventories for sale or use

    beginning of year $3,736 · end of year $3,885

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,355 · end of year $81,365

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

    $251,832

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

    $226,272

  • 10c · Land, buildings and equipment, net

    beginning of year $44,909 · end of year $25,560

  • 11 · Investments: publicly traded securities

    beginning of year $100 · end of year $100

  • 15 · Other assets

    beginning of year $356,738 · end of year $185,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,097 · end of year $40,046

  • 19 · Deferred revenue

    beginning of year $535,250 · end of year $506,860

  • 25 · Other liabilities

    beginning of year $490,733 · end of year $224,349

  • 27 · Net assets without donor restrictions

    beginning of year $678,578 · end of year $720,915

Mission and programs · 2024

Mission

THE NORTH BAY ASSOCIATION OF REALTORS IS A UNIFIED ORGANIZATION BENEFICIALLY REPRESENTING ALL ASPECTS OF ORGANIZED REAL ESTATE, DEDICATED TO SERVING ITS MEMBERS, THE INDUSTRY AND THE COMMUNITY THROUGH THE PROMOTION OF PROFESSIONAL STANDARDS AND ETHICS, PRIVATE PROPERTY RIGHTS AND SERVICES THAT INCREASE THE SUCCESS OF OUR MEMBERS.

Activities or mission (Part I)

REAL ESTATE TRADE ASSOCIATION

  • MEMBER EDUCATION PROGRAMS: EDUCATIONAL SEMINARS, WORKSHOPS, COMPUTER-BASED, ON-LINE AND VIDEO CLASSES.

    Expenses $112,725

  • MEMBER INFORMATION: INDUSTRY TRENDS AND OTHER INFORMATION UPDATES THROUGH NEWSLETTERS, PUBLICATIONS, BROADCAST FAXES, THE INTERNET, AND MEETINGS AND CONFERENCES. OVERALL PROMOTION OF THE INDUSTRY, PROFESSIONAL STANDARDS, AND GOVERNMENTAL AFFAIRS.

    Expenses $701,648

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dean Castelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Cervantes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Gorsiski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carla Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Grotte

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George Lagoyda

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jan Loewen

    AFFILIATE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Nieto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Sacco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Selzer

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Kate Spadarotto

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Heather Thurber

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Badenfort

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $217,172
    From this org
    $205,860
    From related orgs
    $0
    Other
    $11,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,321
    Bonus
    $1,539
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,312
    Filer's total
    $217,172

  • Teresa Biondi

    FINANCE DIRECTOR

    Total calculated
    $136,754
    From this org
    $123,462
    From related orgs
    $0
    Other
    $13,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,983
    Bonus
    $5,479
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,292
    Filer's total
    $136,754

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2024
Filed
9 July 2025
IRS schema version
2024v5.2
Source object
202521959349301597

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