2026-05-05T14:05:14-05:00 2025-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 Edgewater Drive Suite 210 Wakefield MA 01880 990 2025-01-01 041107040 Greater Boston Real Estate Board GREA 6174238700 Three Center Plaza Mezzanine Suite Boston MA 02108 Gregory Vasil CEO 6174238700 2026-05-04 1 Joseph Giso P00030126 7819143400 2026-05-04 2025 2025-03-06 01:10:19Z Gregory Vasil Three Center Plaza Mezzanine Suite Boston MA 02108 8209419 0 X WWW.GBREB.COM X 1889 MA 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. 25 25 28 200 0 0 4001800 4386636 3275652 3027217 300141 308878 527740 483785 8105333 8206516 55000 44823 0 0 2975972 3071887 0 0 0 4448466 4864201 7479438 7980911 625895 225605 14244453 14473396 4821387 4327902 9423066 10145494 X 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. 0 0 6814589 44823 3511002 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. 6814589 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 51 0 1 28 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Gregory Vasil CEO 6173997862 Three Center Plaza Mezzanine Suite Boston MA 02108 Greg Vasil CEO 40.00 4.00 X 362261 0 47507 Adam Kozol Director of Finance 36.00 4.00 X 189929 0 41391 Adrienne Maley Executive Director 40.00 0.00 X 201931 0 19573 Maria Brogan Executive Director 40.00 0.00 X 176290 0 39249 Catherine Stewart Director of Administration 40.00 0.00 X 127815 0 16647 Bill Tanski Chairman 2.00 0.00 X X 0 0 0 Dino Confalone Chairman-Elect 2.00 0.00 X X 0 0 0 Sarah Mathewson Treasurer 1.00 0.00 X X 0 0 0 Nilesh Bubna Clerk/Assistant Treasurer 1.00 0.00 X X 0 0 0 Guy Corricelli Director 1.00 0.00 X 0 0 0 Alison Socha Director 1.00 0.00 X 0 0 0 Jennifer Christakes Director 1.00 0.00 X 0 0 0 Jennie Brennan Director 1.00 0.00 X 0 0 0 Robert Bryne Director 1.00 0.00 X 0 0 0 Jim Grady Director 1.00 0.00 X 0 0 0 Mark Triglione director 1.00 0.00 X 0 0 0 Joselin Malkhasian Executive Director 1.00 0.00 X 0 0 0 Jill Sharif Director 1.00 0.00 X 0 0 0 John Roach Director 1.00 0.00 X 0 0 0 Jeremy Ouellette Director 1.00 0.00 X 0 0 0 Joseph Thifault Director 1.00 0.00 X 0 0 0 Alison Borrelli Director 1.00 0.00 X 0 0 0 Richard Kim Director 1.00 0.00 X 0 0 0 Neda Vander Stoep Director 1.00 0.00 X 0 0 0 Melvin Vieira Director 1.00 0.00 X 0 0 0 Bonnie Lai Director 1.00 0.00 X 0 0 0 Kyle Zene-Moore Director 1.00 0.00 X 0 0 0 Michael Edward Director 1.00 0.00 X 0 0 0 Kate Franco Director 1.00 0.00 X 0 0 0 Lynn Bora Director 1.00 0.00 X 0 0 0 1058226 0 164367 5 0 1 0 Legalize Starter Homes 91 Mansur St Lowell MA 01852 Advocacy 350000 Melwood Global 1 Beacon Street 15th FL Boston MA 02108 Consulting 163461 RSM US LLP 5155 Paysphere Circle Chicago IL 60674 Database Consulting 105086 3 4147686 238950 4386636 Functions & Education 531390 2757753 2757753 Auxiliary Programs 531390 154116 154116 Membership Assessments 531390 115348 115348 3027217 308878 308878 339162 2903 336259 336259 MLS Revenue 531390 93843 93843 Management Fees 531390 37637 37637 Other revenue 531390 12046 12046 4000 4000 147526 8206516 3511002 0 308878 44823 1058226 1422768 21332 393082 176479 119526 42700 141364 6744 322650 234903 304056 503164 126139 1931160 336593 56416 41973 Special Project 512415 Utilities 69864 Repair & Maintenace 37338 Bad Debt Expense 35223 41973 7980911 408414 588803 1335353 2040349 100000 239143 234004 214699 219753 3118262 1828136 1332542 1290126 8431432 8117288 2282870 1883073 14244453 14473396 743429 509195 1752794 1786452 2325164 2032255 4821387 4327902 X 8040274 8781237 1382792 1364257 9423066 10145494 14244453 14473396 225605 496823 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4147686 141363 141363 289235 -147872 403700 403700 426300 137356 288944 761803 177205 584598 1526459 1513575 12884 1290126 Right-Of-Use Asset 1883073 1883073 Due to GBREB Foundation 17311 Current Lease Liability 431441 Operating Lease Liability 1583503 2032255 X 8918300 496823 214961 711784 8206516 0 8206516 8175812 194901 194901 7980911 0 7980911 Part X, Line 2: The Board is organized under Section 501(c)(6) of the Internal Revenue Code as a tax-exempt membership organization. As such, the Board has not provided for income taxes in the accompanying consolidated financial statements except on its activities unrelated to its exempt purpose. Part XI, Line 2d - Other Adjustments: Greater Boston Real Estate Board Foundation Income 290,695. Intercompany Eliminations -78,637. Cost of Good Sold 2,903. Rounding Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 2,903. Greater Boston Real Estate Board Foundation Expenses 270,634. Intercompany Eliminations -78,637. Rounding 1. 1 Greater Boston Real Estate Board Foundation Three Center Plaza Mezzanine Suite Boston MA 02108 223299681 501(c)(3) 41000 0 To fund the scholarship program 1 Part I, Line 2: For grants made to housing related charities, charities submit a written proposal explaining why they should be selected and what the contribution will be used for. Committees of GBREB evaluate the proposals to select the grant recipients. X X X 0 0 0 Greg Vasil CEO 355661 0 6600 0 0 0 10500 0 37007 0 409768 0 0 0 Adam Kozol Director of Finance 184729 0 5200 0 0 0 5866 0 35525 0 231320 0 0 0 Adrienne Maley Executive Director 196431 0 5500 0 0 0 6113 0 13460 0 221504 0 0 0 Maria Brogan Executive Director 176290 0 0 0 0 0 3738 0 35511 0 215539 0 0 0 Part I, Line 7 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. Form 990, Part VI, Section B, line 11b An e-copy of the form 990 is e-mailed to the Board members prior to the monthly Board meeting, in time for the Board to review and prepare questions. The document is then reviewed by the CFO and the Board members at the monthly board meeting prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is distributed to all trustees and officers. Signed disclosure are returned to the director of finance who reviews the forms for potential conflicts. An individual found to have a conflict would be barred from the discussions or vote on the conflicting matter. Form 990, Part VI, Section B, line 15 The CEO, Executive Director(s), and CFO were paid based on average wages for similar positions and years of experience. The process included the following: * Review and approval by a governing body or compensation committee, with no participation by interested persons (includes family & business associates). * Use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. * Contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Form 990, Part VI, Section C, line 19 The organization makes its governing documents including its conflict of interest policy, and its financial statements, available to the public upon request in writing or in person to Greater Boston Real Estate Board. The director of finance will provide the information. Form 990, Part XII, Line 2c: the organization did not change either its oversight process of the audit, review, or compilation of its financial statements or selection process for an independent accountant during the tax year. Greater Boston Real Estate Board Foundation 3 Center Plaza Boston MA 02108 223299681 To Make Grants to Charitable Organizations in Greater Boston MA 501(c)(3) 7 Greater Boston Real Estate Board 1 greater Boston Real Estate Board - PAC 3 Center Plaza Boston MA 02108 043468188 Political Action Committee MA 527 N/A Greater Boston Real Estate Board 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Greater Boston Real Estate Board Foundation B 41000 Book Greater Boston Real Estate Board Foundation D 10326 Book Greater Boston Real Estate Board Foundation Q 37637 book