2024-05-01T09:12:55-05:00 2023-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 Edgewater Drive Suite 210 Wakefield MA 01880 990 2023-01-01 041107040 Greater Boston Real Estate Board GREA 6174238700 Three Center Plaza Mezzanine Suite Boston MA 02108 Gregory Vasil CEO 6174238700 2024-04-29 1 Gregory Vasil XXX-XX-XXXX 0 Joseph Giso P00030126 7819143400 2024-04-29 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z Gregory Vasil Three Center Plaza Mezzanine Suite Boston MA 02108 7872063 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 32 0 0 0 4333834 4110192 2384123 2645604 59175 178686 776810 855402 7553942 7789884 155500 85000 0 0 2765463 2820515 0 0 0 3827438 4489156 6748401 7394671 805541 395213 11077107 11059262 3669853 2753561 7407254 8305701 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 6469042 85000 3501006 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")MMA represents and protects the interest and rights of rental housing owners and managers through the state. MMA 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. 6469042 0 0 0 1 0 0 0 0 0 1 0 0 0 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 42 0 1 32 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 MA X Gregory Vasil CEO 6173997862 Three Center Plaza Mezzanine Suite Boston MA 02108 Kate Franco Chair 2.00 0.50 X X 0 0 0 Mike Edward Perry Chairman-Elect 1.00 0.50 X X 0 0 0 Bill Tanski Treasurer 1.00 0.50 X X 0 0 0 Dino Confalone Clerk/Assistant Treasurer 1.00 0.50 X X 0 0 0 Guy Corricelli Finance Chair 1.00 0.50 X 0 0 0 Daphna Fields Director 1.00 0.50 X 0 0 0 Jennifer Twombly Director 1.00 0.50 X 0 0 0 Clayton Wentworth Director 1.00 0.50 X 0 0 0 Alison Powers Director 1.00 0.50 X 0 0 0 Samantha Hallowell Director 1.00 0.50 X 0 0 0 Alison Socha Director 1.00 0.50 X 0 0 0 Jared Wilk Compass Director 1.00 0.50 X 0 0 0 Nilesh Bubna Director 1.00 0.50 X 0 0 0 Ravi Ragnauth Director 1.00 0.50 X 0 0 0 Jessica Buonopane Director 1.00 0.50 X 0 0 0 Cecelia Bolognia Director 1.00 0.50 X 0 0 0 Neda Vander Stoep Director 1.00 0.50 X 0 0 0 Joseph Schutt Director 1.00 0.50 X 0 0 0 Tanisha Salmon Director 1.00 0.50 X 0 0 0 Melvin Salmon Director 1.00 0.50 X 0 0 0 David Wluka Director 1.00 0.50 X 0 0 0 Gail Lockberg Director 1.00 0.50 X 0 0 0 Lynn Bora Director 1.00 0.50 X 0 0 0 Karen Fish-Will Director 1.00 0.50 X 0 0 0 William Dermody Director 1.00 0.50 X 0 0 0 Greg Vasil CEO 40.00 4.00 X 334214 0 39071 Adam Kozol Director of Finance 36.00 4.00 X 126222 0 31110 Adrienne Maley Executive Director 40.00 0.50 X 183595 0 16054 John Dulczewski Executive Director 40.00 0.50 X 174081 0 15731 Patricia Baumer Director of Govt. Affairs 40.00 0.50 X 124387 0 13681 Catherine Stewart Director of Administration 40.00 0.50 X 116820 0 15238 1059319 0 130885 6 0 1 0 Melwood Global 1 Beacon Street 15th FL Boston MA 02108 Consulting 220000 Access Marketing Services LLC PO Box 913026 Denver CO 802913026 Marketing 200000 RSM US LLP 5155 Paysphere Circle Chicago IL 60674 Consulting 105459 3 4110192 4110192 Functions & Education 900099 2645604 2645604 2645604 178686 178686 266799 82179 184620 184620 MLS Income 900099 121522 121522 Management Fees 900099 34633 34633 514627 514627 670782 7789884 3501006 0 178686 85000 1059319 1270943 12152 314910 163191 150023 36710 133364 6214 322295 232323 227582 539255 134108 1799336 324200 66190 44791 Special Project 348693 Utilities 47243 Repair & Maintenace 27231 Dues & Subscriptions 25543 24055 7394671 603395 426791 4012528 1333271 436840 189985 208985 248785 3006615 1715137 1270085 1291478 3593341 7085054 951933 483898 11077107 11059262 721277 708524 1938345 1517925 1010231 527112 3669853 2753561 X 7407254 8305701 7407254 8305701 11077107 11059262 395213 503234 0 X X 0 1 X 1 0 0 0 0 4110192 133364 133364 291186 -157822 403700 403700 426300 108935 317365 655148 130408 524740 1521467 1475794 45673 1291478 Due to GBREB Foundation 19458 Current Lease Liability 494477 Operating Lease Liability 13177 527112 X 8577978 503234 284860 788094 7789884 0 7789884 7763100 368429 368429 7394671 0 7394671 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 322,314. Intercompany Eliminations -119,633. Cost of Good Sold 82,179. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 82,179. Greater Boston Real Estate Board Foundation Expenses 405,882. Intercompany Eliminations -119,633. Rounding 1. 1 Greater Boston Real Estate Board Foundation Three Center Plaza Mezzanine Suite Boston MA 02108 223299681 501(c)(3) 85000 0 To fund the scholarship program 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 321360 0 12854 0 0 0 9900 0 29171 0 373285 0 0 0 Adrienne Maley Executive Director 176534 0 7061 0 0 0 5508 0 10546 0 199649 0 0 0 John Dulczewski Executive Director 167386 0 6695 0 0 0 5222 0 10509 0 189812 0 0 0 Adam Kozol Director of Finance 121367 0 4855 0 0 0 3787 0 27323 0 157332 0 0 0 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Greater Boston Real Estate Board Foundation B 85000 Book Greater Boston Real Estate Board Foundation L 37243 Book