2024-04-23T14:22:34-05:00 2023-12-31 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2023-01-01 221151210 NEW JERSEY ASSOCIATION OF REALTORS NEWJ 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 JARROD GRASSO CHIEF EXECUTIVE OFFICER 6093417100 2024-04-23 1 JARROD GRASSO 999009999 1 LOVEPREET BUTTAR CPA P01329403 6096899700 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z NEW JERSEY REALTORS JARROD GRASSO 10 HAMILTON AVENUE TRENTON NJ 08611 10529877 0 X WWW.NJREALTOR.COM X 1918 NJ TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION. 48 48 24 383 149268 0 0 20500 10316982 9753382 165980 733171 15046 22824 10498008 10529877 52800 34950 0 0 3226723 3384954 0 0 0 4603928 4557882 7883451 7977786 2614557 2552091 37896701 40068985 4660426 3756738 33236275 36312247 TO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE, & TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE. 0 0 THE ASSOCIATION PROVIDES SERVICES THAT EXPAND MEMBERS' GROWTH AND SUCCESS; ADVOCACY- PROTECTING MEMBERS' LIVELIHOOD AND PROPERTY RIGHTS; PROFESSIONAL DEVELOPMENT AND TRAINING; RECOGNITION OF OUTSTANDING ACHIEVEMENT; PROFESSIONAL STANDARDS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 114 0 24 1 1 1 0 0 0 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARTHA CHANESE 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 NICK MANIS PRESIDENT (UNTIL 12/7) PAST PRESIDENT (BEG. 12/8/ 5.00 X X 0 0 0 GLORIA MONKS PRES ELECT (UNTIL 12/7) PRESIDENT (BEG. 12/8) 5.00 X X 0 0 0 KATHLEEN MORIN FIRST VP (UNTIL 12/7) PRES. ELECT (BEG. 12/8) 5.00 X X 0 0 0 SUSAN LARUE FIRST VICE PRES. (BEGINNING 12/8/23) 5.00 X X 0 0 0 GLORIA SICILIANO TREASURER (UNTIL 12/7/23) 5.00 X X 0 0 0 JAIRO RODRIGUEZ TREASURER (BEG. 12/8/23) 5.00 X X 0 0 0 ROBERT WHITE IMMEDIATE PAST PRESIDENT (UNTIL 12/7/23) 0.20 X 0 0 0 MARGARET AJAMIAN MEMBER 0.20 X 0 0 0 NEHEMIAS BORRERO MEMBER 0.20 X 0 0 0 EMILY BOWDEN MEMBER 0.20 X 0 0 0 COLLEEN CAMILLO MEMBER 0.20 X 0 0 0 CHRISTOPHER COCCIA MEMBER 0.20 X 0 0 0 LISA COMITO MEMBER 0.20 X 0 0 0 EUGENE CORDANO MEMBER 0.20 X 0 0 0 MARY DAVIS MEMBER 0.20 X 0 0 0 ANGELA DESCH MEMBER 0.20 X 0 0 0 NICOLA ESPOSITO MEMBER 0.20 X 0 0 0 DREW FISHMAN MEMBER 0.20 X 0 0 0 YESENIA FRIAS MEMBER 0.20 X 0 0 0 ROBERT FUNABASHI MEMBER 0.20 X 0 0 0 SANDRA GARDNER MEMBER 0.20 X 0 0 0 FRANK GLAUSH MEMBER 0.20 X 0 0 0 KEREN GONEN MEMBER 0.20 X 0 0 0 FELIX GRECO MEMBER 0.20 X 0 0 0 WILLIAM HANLEY MEMBER 0.20 X 0 0 0 CHRISTINE HOOKS MEMBER 0.20 X 0 0 0 ILENE HOROWITZ MEMBER 0.20 X 0 0 0 JEFFREY JONES MEMBER 0.20 X 0 0 0 WILLIAM KEEGAN MEMBER 0.20 X 0 0 0 C JOHN KRUK MEMBER 0.20 X 0 0 0 GENE KRUTYANSKY MEMBER (UNTIL 1/19/23) 0.20 X 0 0 0 PETER MADDEN MEMBER 0.20 X 0 0 0 RACHEL MAMMELE MEMBER 0.20 X 0 0 0 MARIA MARINELLI MEMBER 0.20 X 0 0 0 MARY ANN MASON MEMBER 0.20 X 0 0 0 INGA MAXIMOFF MEMBER 0.20 X 0 0 0 CARMEN MINGUELA MEMBER 0.20 X 0 0 0 JUDITH MORIARTY MEMBER 0.20 X 0 0 0 GEORGEANNA NEWMONES MEMBER 0.20 X 0 0 0 MINA NEWSTADT MEMBER 0.20 X 0 0 0 MARY NUZIALE MEMBER 0.20 X 0 0 0 MARK QUARTELLO MEMBER 0.20 X 0 0 0 BRENDA RICHMOND MEMBER 0.20 X 0 0 0 HEATHER ROBILLARD MEMBER 0.20 X 0 0 0 ANGELA SICOLI MEMBER 0.20 X 0 0 0 PETER SIDERIS MEMBER 0.20 X 0 0 0 JERRY TUSCANO MEMBER 0.20 X 0 0 0 DAVID WYRSCH MEMBER 0.20 X 0 0 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00 X 436625 0 109266 MARTHA CHANESE CHIEF OPERATING OFFICER 35.00 X 285763 0 41653 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 35.00 X 211351 0 44546 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 35.00 X 193267 0 36172 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 35.00 X 164507 0 32824 MARY PILAAR DIRECTOR OF MEMBERSHIP OUT 35.00 X 123392 0 28498 TERESA TILTON DIRECTOR OF PROFESSIONAL S 35.00 X 122564 0 29452 1537469 0 322411 12 0 1 0 LONE WOLF REAL ESTAE TECHNOLOGIES INC 717 N HARWOOD STREET DALLAS TX 75201 TECHNOLOGY SERVICES 530529 GREENBAUM ROWE SMITH AND DAVIS LLP PO BOX 5600 WOODBRIDGE NJ 07095 LEGAL SERVICES 191015 MOSAIC 4801 VIEWPOINT PLACE CHEVERLY MD 20781 PRINTING & MAILING SERVICES 156379 ALOUPIS 1017 RIVERVIEW DR BRIELLE NJ 08730 BUILDING IMPROVEMENTS 129000 GOODWAY GROUP INC LOCKBOX 826955 PHILADELPHIA PA 19182 DIGITAL MARKETING 119869 5 20500 20500 DUES 541900 7161353 7161353 CONVENTION INCOME TRIPLE PLAY 541900 1212921 1212921 SERVICE FEES AND ASSESSMENTS 541900 1025278 1025278 SUBSCRIPTIONS 541900 191212 191212 ADVERTISING 541800 149268 149268 13350 13350 9753382 733171 733171 MISCELLANEOUS INCOME 900099 22824 22824 22824 10529877 9626938 149268 733171 34950 870361 6563 1860243 206063 260152 181572 281853 22940 168749 383342 211251 158728 140930 445243 428537 422037 81314 FORMS EXPENSE 530529 SPEAKERS AND WORKSHOP 337245 NJ REALTORS MAGAZINE 320062 BANK AND CREDIT CARD FE 225120 400002 7977786 1954438 1542690 26859267 29879284 501223 260529 166340 221241 11084785 2940492 8380387 8144293 35046 20948 37896701 40068985 1367595 941858 3256182 2729253 36649 85627 4660426 3756738 X 33236275 36312247 33236275 36312247 37896701 40068985 2552091 523881 0 X X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7161353 502217 502217 1843795 -1341578 PART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIES A PORTION OF DUES WAS EARMARKED FOR NEW JERSEY COALITION OF REAL ESTATE (NJCORE) AND WERE DESIGNATED AS NON-DEDUCTIBLE. THE FUNDS WERE RECEIVED AND DIRECTLY DELIVERED TO NJCORE, A TAX-EXEMPT SECTION 527 POLITICAL ORGANIZATION. 302900 302900 9959957 2224084 7735873 821928 716408 105520 8144293 LEASE - LIABILITY 21865 DEFERRED COMPENSATION PLAN OBLIGATION 63762 85627 X 11053758 523881 523881 10529877 0 10529877 7977786 0 7977786 0 7977786 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)(3) 25000 0 REBUILD COMMUNITIES AFFECTED BY DISASTERS 1 PART I, LINE 2: GRANTS ARE MADE TO ORGANIZATIONS TO SUPPORT THEIR VARIOUS EXEMPT ACTIVITIES. ANY FUNDS DONATED FOR SPECIFIC PROJECTS ARE MONITORED ON AN AS NEEDED BASIS TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X 1 1 X X X X X 0 1 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 358125 0 78500 0 0 0 52056 0 57210 0 545891 0 0 0 MARTHA CHANESE CHIEF OPERATING OFFICER 276263 0 9500 0 0 0 34318 0 7335 0 327416 0 0 0 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 204351 0 7000 0 0 0 4075 0 40471 0 255897 0 0 0 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 190267 0 3000 0 0 0 23192 0 12980 0 229439 0 0 0 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 161507 0 3000 0 0 0 19755 0 13069 0 197331 0 0 0 TERESA TILTON DIRECTOR OF PROFESSIONAL S 120564 0 2000 0 0 0 14708 0 14744 0 152016 0 0 0 MARY PILAAR DIRECTOR OF MEMBERSHIP OUT 121392 0 2000 0 0 0 14823 0 13675 0 151890 0 0 0 PART I, LINE 1A THE CEO'S WIFE OCCASIONALLY TRAVELS TO PROVIDE ASSISTANCE TO THE CEO, LEADERSHIP AND MEMBERS AT RELATED CONFERENCES AND MEETINGS. SHE IS NOT COMPENSATED FOR HER TIME. THIS COMPENSATION WAS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO. PART I, LINE 4B THE ASSOCIATION SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) AND 457(F) OF THE INTERNAL REVENUE CODE TO BENEFIT THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER. ANNUAL DISCRETIONARY CONTRIBUTIONS UP TO $10,000 FOR THE CEO AND $5,000 FOR THE COO ARE PERMITTED EACH PLAN YEAR THE OFFICERS ARE EMPLOYED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATIONS OFFICER OF THE ORGANIZATION. IT IS THEN MADE AVAILABLE TO THE ELECTED OFFICERS FOR REVIEW GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION ELECTS A NEW LEADERSHIP TEAM ON AN ANNUAL BASIS. IN JANUARY, AT THE EXECUTIVE COMMITTEE MEETING AND THE BOARD OF DIRECTOR MEETING, THE CONFLICT OF POLICY INTEREST POLICY IS REVIEWED AND CONFLICTS ARE DISCUSSED AT THE BEGINNING OF EACH MEETING. ANY CONFLICTS ARE ASKED TO BE DISCLOSED AT THAT TIME. THIS SAME PROCEDURE IS FOLLOWED BY ALL COMMITTEES AND THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BEFORE EACH MEETING. MEMBERS WITH A CONFLICT OF INTEREST PERTAINING TO A BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES, MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THAT BUSINESS. FURTHERMORE, NO MEMBER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND EMPLOYMENT CONTRACT. NEW JERSEY REALTORS PERFORMS A COMPENSATION STUDY ON A PERIODIC BASIS AND ALSO BENCHMARKS AGAINST OTHER SIMILAR ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF REALTORS. THE ASSOCIATION ALSO REVIEWS SIMILAR ASSOCIATION'S FORM 990 POSTED ON GUIDESTAR IN THE EVALUATION OF THE CEO'S COMPENSATION. THE PROCESS WAS DOCUMENTED AND LAST UNDERTAKEN IN 2019 FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENT ARE AVAILABLE THROUGH ITS WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLC 200 AMERICAN METRO BLVD HAMILTON NJ 08619 474589991 REAL ESTATE REDEVELOPMENT NJ 304500 8526965 NEW JERSEY ASSOCIATION OF REALTORS PART I, LINE D NEW JERSEY ASSOCIATION OF REALTORS AND FERGUSON GARDEN STATE GROWTH ZONE ARE CONSOLIDATED FOR FINANCIAL STATEMENT PURPOSES. INCOME OF $304,500 RELATED TO RENTAL INCOME FOR FERGUSON GARDEN STATE GROWTH ZONE IS ELIMINATED WITH OFFSETTING RENTAL EXPENSE FOR NEW JERSEY ASSOCIATION OF REALTORS.