Form 990 for tax year 2025
Filed by GREATER BOSTON REAL ESTATE BOARD FOUNDATION.
Totals
- Total revenue
- $204,162
- Total expenses
- $184,104
- Contributions and grants received
- $248,440
- Grants paid
- $120,500
- Program service revenue
- $0
- Investment income
- $42,255
- Other revenue
- -$86,533
- Total assets, end of year
- $1,299,243
- Total liabilities, end of year
- $27,637
- Net assets or fund balances, end of year
- $1,271,606
- Program services expenses (Part IX)
- $120,500
- Management and general expenses
- $63,604
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $120,500
Program services were 65.5% 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.
-
1c · Fundraising events
$132,955
-
1d · Related organizations
$110,259
-
1f · All other contributions, gifts and grants
$5,226
-
3 · Investment income
total $42,255 · excluded $42,255
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$132,955
-
8b · Fundraising events: direct expenses
$86,533
-
8c · Net income from fundraising events
total -$86,533 · excluded -$86,533
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $113,500 · program services $113,500
-
2 · Grants to domestic individuals
total $7,000 · program services $7,000
-
11a · Fees: management
total $56,579 · management and general $56,579
-
11c · Fees: accounting
total $5,000 · management and general $5,000
-
24a · Other expenses: Credit Card Fees
total $1,897 · management and general $1,897
-
24b · Other expenses: Miscellaneous
total $128 · management and general $128
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,174 · end of year $17,540
-
2 · Savings and temporary cash investments
beginning of year $435,605 · end of year $450,671
-
11 · Investments: publicly traded securities
beginning of year $780,884 · end of year $813,721
-
15 · Other assets
beginning of year $18,880 · end of year $17,311
-
25 · Other liabilities
beginning of year $26,995 · end of year $27,637
-
27 · Net assets without donor restrictions
beginning of year $914,012 · end of year $934,070
-
28 · Net assets with donor restrictions
beginning of year $337,536 · end of year $337,536
Mission and programs · 2025
Mission
Grants to charitable 501(c) organizations whose activities are conducted in the Greater Boston area.
-
The Greater Boston Real Estate Board Foundation was established in 1994 to provide contributions to housing related charities. In addition, the foundation provides scholarships for eligible graduating high school seniors to attend college.
Expenses $120,500 · Grants $120,500
As filed on the 2025 return.
Listed in Part VII
-
Greg Vasil
CEO
- Total calculated
- $409,768
- From this org
- $0
- From related orgs
- $362,261
- Other
- $47,507
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $355,661 related
- Bonus
- $0 + $6,600 related
- Other
- $0
- Deferred
- $0 + $10,500 related
- Nontaxable benefits
- $0 + $37,007 related
- Filer's total
- $0 + $409,768 related
-
Adam Kozol
Director of Finance
- Total calculated
- $231,320
- From this org
- $0
- From related orgs
- $189,929
- Other
- $41,391
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $184,729 related
- Bonus
- $0 + $5,200 related
- Other
- $0
- Deferred
- $0 + $5,866 related
- Nontaxable benefits
- $0 + $35,525 related
- Filer's total
- $0 + $231,320 related
-
Adrienne Maley
Executive Director
- Total calculated
- $221,504
- From this org
- $0
- From related orgs
- $201,931
- Other
- $19,573
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $196,431 related
- Bonus
- $0 + $5,500 related
- Other
- $0
- Deferred
- $0 + $6,113 related
- Nontaxable benefits
- $0 + $13,460 related
- Filer's total
- $0 + $221,504 related
-
Maria Brogan
Executive Director
- Total calculated
- $215,539
- From this org
- $0
- From related orgs
- $176,290
- Other
- $39,249
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $176,290 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,738 related
- Nontaxable benefits
- $0 + $35,511 related
- Filer's total
- $0 + $215,539 related
-
Catherine Stewart
Director of Administration
- Total calculated
- $144,462
- From this org
- $0
- From related orgs
- $127,815
- Other
- $16,647
- Hours/week
- 0 + 40 related
-
Bill Tanski
Chairman
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Dino Confalone
Chairman-Elect
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Sarah Mathewson
Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Nilesh Bubna
Clerk/Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Guy Corricelli
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Alison Socha
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jennifer Christakes
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jennie Brennan
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Robert Bryne
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jim Grady
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Mark Triglione
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Joselin Malkhasian
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jill Sharif
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
John Roach
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jeremy Ouellette
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Joseph Thifault
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Alison Borrelli
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Richard Kim
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Neda Vander Stoep
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Melvin Vieira
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Bonnie Lai
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Kyle Zene-Moore
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Michael Edward
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Kate Franco
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Lynn Bora
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
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
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7
- Information for compensation paid by related entity and disclosed on this return: Bonuses and incentive compensation for the listed officers, key employees, and highest compensated employees are determined and approved annually by the organization's Board of Directors. A third-party studies similarly situated organizations to ensure all compensation, including bonuses, is reasonable and not an excess benefit transaction. Bonus payments are contingent based upon the organization's performance. The following individuals received bonuses for tax year 12/31/25. Please see schedule J, Part II.
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
-
$45,000
General Support
-
$15,000
General Support
-
$15,000
General Support
-
$13,500
General Support
-
$10,000
General Support
-
$10,000
General Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Greater Boston Real Estate Board
501(c)(6) · To Advocate, Educate, Inform and Serve Members of the Real Estate Industry · MA
-
Greater Boston Real Estate Board-PAC
527 · Political Action Committee · MA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611259349302581
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