2025-05-05T10:43:42-05:00 2024-12-31 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2024-01-01 221151210 NEW JERSEY ASSOCIATION OF REALTORS NEWJ 6093417117 10 HAMILTON AVENUE TRENTON NJ 08611 DOUGLAS TOMSON CHIEF EXECUTIVE OFFICER 6093417100 2025-05-05 1 1 TYLER M MARCOCCI CPA P02191297 6096899700 2024 2025-03-06 01:10:19Z NEW JERSEY REALTORS DOUGLAS TOMSON 10 HAMILTON AVENUE TRENTON NJ 08611 10289150 0 X WWW.NJREALTOR.COM X 1918 NJ TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION. 41 41 25 303 103992 0 20500 0 9753382 9119457 733171 1119571 22824 26357 10529877 10265385 34950 27500 0 0 3384954 3661483 0 0 0 4557882 4610816 7977786 8299799 2552091 1965586 40068985 42844285 3756738 4238644 36312247 38605641 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 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 1 0 0 0 1 98 0 25 1 1 1 0 0 0 0 0 0 0 X 41 41 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 IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 GLORIA MONKS PRESIDENT UNTIL 12/12, IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 JUDITH MORIARTY MEMBER/FIRST VICE PRESIDENT STARTING 12/13 5.00 X X 0 0 0 KATHLEEN MORIN PRESIDENT-ELECT UNTIL 12/12, PRESIDENT BEG. 12/13 5.00 X X 0 0 0 JAIRO RODRIGUEZ TREASURER 5.00 X X 0 0 0 GLORIA SICILIANO PRESIDENT-ELECT STARTING 12/13 5.00 X X 0 0 0 VALERIE ARCH BELARDO MEMBER 0.20 X 0 0 0 NEHEMIAS BORRERO MEMBER 0.20 X 0 0 0 CORINNA BURKE MEMBER 0.20 X 0 0 0 LAURA CASTELLA MEMBER 0.20 X 0 0 0 CHRISTOPHER COCCIA MEMBER 0.20 X 0 0 0 BRIAN COLLINI MEMBER 0.20 X 0 0 0 LISA COMITO MEMBER 0.20 X 0 0 0 MARY DAVIS MEMBER 0.20 X 0 0 0 ALLAN DECHERT MEMBER 0.20 X 0 0 0 JEFFREY DELUCIA MEMBER 0.20 X 0 0 0 NICOLA ESPOSITO MEMBER 0.20 X 0 0 0 YESENIA FRIAS MEMBER 0.20 X 0 0 0 MAUREEN FUSCO MEMBER 0.20 X 0 0 0 JANET GINSBERG MEMBER 0.20 X 0 0 0 FRANK GLAUSH MEMBER 0.20 X 0 0 0 KEREN GONEN MEMBER UNTIL 08/13 0.20 X 0 0 0 PATRICIA GRAY HENDRICKS MEMBER 0.20 X 0 0 0 FELIX GRECO MEMBER UNTIL 03/05 0.20 X 0 0 0 WILLIAM HANLEY MEMBER 0.20 X 0 0 0 JAMES JOERIMAN MEMBER 0.20 X 0 0 0 JEFFREY JONES MEMBER 0.20 X 0 0 0 TIFFANY KJELLANDER MEMBER 0.20 X 0 0 0 C JOHN KRUK MEMBER 0.20 X 0 0 0 SUSAN LARUE MEMBER UNTIL 12/12 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 GEORGEANNA NEWMONES MEMBER 0.20 X 0 0 0 MARY NUZIALE MEMBER UNTIL 04/08 0.20 X 0 0 0 MICHAEL PENNISI MEMBER 0.20 X 0 0 0 JEANINE PESCATORE 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 DIANE TRAVERSO MEMBER 0.20 X 0 0 0 GIOVANNA VANVALKENBURG MEMBER 0.20 X 0 0 0 ALIDA VASQUEZ MEMBER 0.20 X 0 0 0 ROBERT WHITE MEMBER UNTIL 05/14, PAST PRESIDENT 0.20 X 0 0 0 DAVID WYRSCH MEMBER 0.20 X 0 0 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00 X 479586 0 100758 MARTHA CHANESE CHIEF OPERATING OFFICER 35.00 X 298196 0 54468 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 35.00 X 199608 0 38241 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 35.00 X 177828 0 34043 YULIYA TEDESCHI GENERAL COUNSEL 35.00 X 156500 0 26632 COLLEEN OLIVER DIR. OF PUBLIC RELATIONS & MRKTG 35.00 X 152361 0 35114 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 35.00 X 143820 0 29267 1607899 0 318523 12 0 1 0 GREENBAUM ROWE SMITH AND DAVIS LLP PO BOX 5600 WOODBRIDGE NJ 07095 LEGAL SERVICES 217093 ALOUPIS 1017 RIVERVIEW DR BRIELLE NJ 08730 BUILDING IMPROVEMENTS 202435 K & L GATES LLP PO BOX 830804 PHILADELPHIA PA 19182 LEGAL SERVICES 103813 3 DUES 541900 6630857 6630857 CONVENTION INCOME TRIPLE PLAY 541900 1104828 1104828 SERVICE FEES AND ASSESSMENTS 541900 1086024 1086024 SUBSCRIPTIONS 541900 177531 177531 ADVERTISING 541800 103992 103992 16225 16225 9119457 1124736 1124736 18600 23765 -5165 -5165 -5165 MISCELLANEOUS INCOME 900099 26357 26357 26357 10265385 9036657 103992 1124736 27500 933010 7149 2003691 212477 272234 232922 357065 29840 213930 416101 100735 131795 175576 424734 568302 390486 98802 FORMS EXPENSE 511066 NJ REALTORS MAGAZINE 327896 SPEAKERS AND WORKSHOP 293565 BANK AND CREDIT CARD FE 173774 397149 8299799 1542690 1428388 29879284 32717701 260529 312236 221241 317771 11367958 3306423 8144293 8061535 20948 6654 40068985 42844285 941858 948492 2729253 3195768 85627 94384 3756738 4238644 X 36312247 38605641 36312247 38605641 40068985 42844285 1965586 327808 0 X X 0 1 X 0 0 0 0 0 6630857 504069 504069 1796761 -1292692 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 10177118 2553476 7623642 887940 752947 134993 8061535 LEASE - LIABILITY 6885 DEFERRED COMPENSATION PLAN OBLIGATION 87499 94384 X 10593193 327808 327808 10265385 0 10265385 8299799 0 8299799 0 8299799 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 0 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 381475 0 98111 0 0 0 41400 0 59358 0 580344 0 0 0 MARTHA CHANESE CHIEF OPERATING OFFICER 288696 0 9500 0 0 0 35808 0 18660 0 352664 0 0 0 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 196608 0 3000 0 0 0 23953 0 14288 0 237849 0 0 0 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 174828 0 3000 0 0 0 19755 0 14288 0 211871 0 0 0 COLLEEN OLIVER DIR. OF PUBLIC RELATIONS & MRKTG 148861 0 3500 0 0 0 18296 0 16818 0 187475 0 0 0 YULIYA TEDESCHI GENERAL COUNSEL 152500 0 4000 0 0 0 10955 0 15677 0 183132 0 0 0 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 139964 0 3856 0 0 0 16831 0 12436 0 173087 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 REVIEWS A COMPENSATION STUDY ON AN ANNUAL BASIS AND BENCHMARKS AGAINST OTHER SIMILAR ORGANIZATIONS USING FORM 990 POSTED ON GUIDESTAR IN THE EVALUATION OF THE CEO'S COMPENSATION. THE NATIONAL ASSOCIATION OF REALTORS PERFORMED A COMPENSATION STUDY OF EMPLOYEES 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 8339514 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.