Form 990 for tax year 2024
Filed by GREATER BOSTON REAL ESTATE BOARD.
Totals
- Total revenue
- $8,105,333
- Total expenses
- $7,479,438
- Contributions and grants received
- $4,001,800
- Grants paid
- $55,000
- Program service revenue
- $3,275,652
- Investment income
- $300,141
- Other revenue
- $527,740
- Total assets, end of year
- $14,244,453
- Total liabilities, end of year
- $4,821,387
- Net assets or fund balances, end of year
- $9,423,066
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $6,383,241
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
$4,001,800
-
2a · Program service revenue: Functions & Education
total $2,761,048 · related or exempt $2,761,048
-
2b · Program service revenue: Auxiliary Programs
total $242,569 · related or exempt $242,569
-
2c · Program service revenue: Membership Assessments
total $160,411 · related or exempt $160,411
-
2d · Program service revenue: Government Affairs
total $111,624 · related or exempt $111,624
-
3 · Investment income
total $300,141 · excluded $300,141
-
10a · Gross sales of inventory
$325,089
-
10b · Cost of goods sold
$17,703
-
10c · Net income from sales of inventory
total $307,386 · related or exempt $307,386
-
11a · Other revenue: MLS Revenue
total $110,651 · related or exempt $110,651
-
11b · Other revenue: Arbritration Fees
total $53,737 · related or exempt $53,737
-
11c · Other revenue: Management Fees
total $36,995 · related or exempt $36,995
-
11d · All other revenue
total $18,971 · related or exempt $18,971
-
11e · Other revenue, total
$220,354
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,000
-
5 · Compensation of officers, directors and key employees
total $1,221,091
-
7 · Other salaries and wages
total $1,230,722
-
8 · Pension plan contributions
total $15,014
-
9 · Other employee benefits
total $339,905
-
10 · Payroll taxes
total $169,240
-
11b · Fees: legal
total $57,754
-
11c · Fees: accounting
total $40,500
-
11d · Fees: lobbying
total $141,364
-
11g · Fees: other
total $7,137
-
12 · Advertising and promotion
total $330,397
-
13 · Office expenses
total $251,410
-
14 · Information technology
total $267,497
-
16 · Occupancy
total $568,733
-
17 · Travel
total $119,137
-
19 · Conferences, conventions and meetings
total $1,920,061
-
21 · Payments to affiliates
total $280,704
-
22 · Depreciation, depletion and amortization
total $56,583
-
23 · Insurance
total $44,296
-
24a · Other expenses: Special Project
total $197,120
-
24b · Other expenses: Utilities
total $61,533
-
24c · Other expenses: Bad Debt Expense
total $38,075
-
24d · Other expenses: Dues & Subscriptions
total $27,983
-
24e · All other expenses
total $38,182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $426,791 · end of year $408,414
-
2 · Savings and temporary cash investments
beginning of year $1,333,271 · end of year $1,335,353
-
4 · Accounts receivable
beginning of year $189,985 · end of year $239,143
-
9 · Prepaid expenses and deferred charges
beginning of year $248,785 · end of year $214,699
-
10a · Land, buildings and equipment: cost or other basis
$3,104,262
-
10b · Land, buildings and equipment: accumulated depreciation
$1,771,720
-
10c · Land, buildings and equipment, net
beginning of year $1,291,478 · end of year $1,332,542
-
11 · Investments: publicly traded securities
beginning of year $7,085,054 · end of year $8,431,432
-
15 · Other assets
beginning of year $483,898 · end of year $2,282,870
-
17 · Accounts payable and accrued expenses
beginning of year $708,524 · end of year $743,429
-
19 · Deferred revenue
beginning of year $1,517,925 · end of year $1,752,794
-
25 · Other liabilities
beginning of year $527,112 · end of year $2,325,164
-
27 · Net assets without donor restrictions
beginning of year $8,305,701 · end of year $9,423,066
Mission and programs · 2024
Mission
The Greater Boston Real Estate Board was incorporated as a not-for-profit organization to advocate, educate, inform, and serve members of the real estate industry. The Board continues to foster and promote high ethical standards in all real estate transactions, monitor and comment upon legislative measures affecting real estate, protect private property rights, administer an arbitration process for settling business disputes, and provide outstanding continuing education for its membership.
Activities or mission (Part I)
The Greater Boston Real Estate Board was incorporated as a not-for-profit organization to advocate, educate, inform, and serve members of the real estate industry.
-
The Greater Boston Real Estate Board (the "Board") was incorporated in 1889 as a private not-for-profit membership organization for the purpose of advocacy, education, information and service for the real estate industry and is the oldest and largest real estate board in Massachusetts. The Board represents its constituency by offering membership in the following distinct divisions:Greater Boston Association of Realtors ("GBAR")As the Board's largest division, GBAR provides education programs in its Center for Professional Development, counseling on the National Association of Realtors Code of Ethics, arbitration services and industry standards real estate forms.Massachusetts Apartment Association ("MAA")MAA represents and protects the interest and rights of rental housing owners and managers through the state. MAA provides legislative and regulatory representation, professional education, standard rental forms and updates on industry trends and developments.Building Owners and Managers Association ("BOMA")Representing commercial building owners and managers, BOMA provides information to member developers, owners, asset and property managers and attorneys, advocacy at the local, state and national level and professional education.Real Estate Finance Association ("REFA")REFA provides financial information to commercial real estate finance professionals in the banking, insurance, mortgage banking and broker, investor, advisor, legal, appraiser and consulting industries. REFA offers a wide variety of member services including informative industry updates, roundtable discussions and education programs.Commercial Brokers Association ("CBA")The largest organization of commercial brokers in Massachusetts, CBA provides members with a variety of informative programs, continuing education and industry updates.
Expenses $6,383,241 · Grants $55,000 · Revenue $3,803,392
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Greg Vasil
CEO
- Total calculated
- $374,403
- From this org
- $329,421
- From related orgs
- $0
- Other
- $44,982
- Hours/week
- 40 + 4 related
Schedule J breakdown matched by us
- Base
- $329,421
- Bonus
- $0
- Other
- $0
- Deferred
- $10,026
- Nontaxable benefits
- $34,956
- Filer's total
- $374,403
-
Adam Kozol
Director of Finance
- Total calculated
- $209,912
- From this org
- $171,179
- From related orgs
- $0
- Other
- $38,733
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $171,179
- Bonus
- $0
- Other
- $0
- Deferred
- $5,287
- Nontaxable benefits
- $33,446
- Filer's total
- $209,912
-
Adrienne Maley
Executive Director
- Total calculated
- $200,107
- From this org
- $181,918
- From related orgs
- $0
- Other
- $18,189
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $181,918
- Bonus
- $0
- Other
- $0
- Deferred
- $5,508
- Nontaxable benefits
- $12,681
- Filer's total
- $200,107
-
John Dulczewski
Executive Director
- Total calculated
- $199,643
- From this org
- $180,381
- From related orgs
- $0
- Other
- $19,262
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $180,381
- Bonus
- $0
- Other
- $0
- Deferred
- $5,568
- Nontaxable benefits
- $13,694
- Filer's total
- $199,643
-
Patricia Baumer
Director of Govt. Affairs
- Total calculated
- $135,902
- From this org
- $119,860
- From related orgs
- $0
- Other
- $16,042
- Hours/week
- 40 + 0.5 related
-
Catherine Stewart
Director of Administration
- Total calculated
- $130,657
- From this org
- $115,143
- From related orgs
- $0
- Other
- $15,514
- Hours/week
- 40 + 0.5 related
-
Mike Edward
Chair
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Bill Tanski
Chairman-Elect
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Dino Confalone
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Sarah Mathewson
Clerk/Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Guy Corricelli
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Sonia Patano
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Clayton Wentworth
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jennifer Christakes
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Samantha Hallowell
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Robert Byrne
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jared Wilk
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Mark Triglione
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Ravi Ragnauth
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jill Sharif
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Cecelia Bolognia
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jeremy Ouellette
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Sheryle Degirolamo
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Alison Socha
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Neda Vander Stoep
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Melvin Vieira
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
David Wluka
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Kyle Zene-Moore
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Kate Franco
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Lynn Bora
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Karen Fish-Will
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.5 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
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
-
To fund the scholarship program
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 Foundation
501(c)(3) · To Make Grants to Charitable Organizations in Greater Boston · MA · controlled entity
Directly controlled by Greater Boston Real Estate Board
-
greater Boston Real Estate Board - PAC
527 · Political Action Committee · MA · controlled entity
Directly controlled by Greater Boston Real Estate Board
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541209349300624
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