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      <TotalLiabNetAssetsFundBalances>
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        <EOY>14489880</EOY>
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      <ReconcilationRevenueExpenses>1352856</ReconcilationRevenueExpenses>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>1</AccountantCompileOrReview>
      <FSAudited>0</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
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        <BookValue>242300</BookValue>
      </Land>
      <Buildings>
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      <TotalOfBookValueLandBuildings>1041218</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>INVESTMENT IN CD'S</Description>
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        <MethodOfValuation>C</MethodOfValuation>
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      <TotalOfBookValueSecurities>735000</TotalOfBookValueSecurities>
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        <Description>TENANT SECURITY DEPOSITS</Description>
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      </OtherLiabilities>
      <TotalOfAmounts>17108</TotalOfAmounts>
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      <RecipientTable>
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          <BusinessNameLine1>NJAR EDUCATIONAL FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>295 PIERSON AVENUE PO BOX 2098</AddressLine1>
          <City>EDISON</City>
          <State>NJ</State>
          <ZIPCode>08818</ZIPCode>
        </AddressUS>
        <EINOfRecipient>237063186</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>30000</AmountOfCashGrant>
        <PurposeOfGrant>TO FOSTER EDUCATION, PROMOTE KNOWLEDGE, CONDUCT RESEARCH AND ASSIST IN THE EDUCATION OF STUDENTS PURSUING A DEGREE.</PurposeOfGrant>
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      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
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        <TotalCompensationFilingOrg>267724</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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        <NamePerson>MARTHA CHANESE</NamePerson>
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        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
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        <NontaxableBenefitsFilingOrg>16943</NontaxableBenefitsFilingOrg>
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        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>CLUB DUES ARE PAID TO THE EAGLE OAKS COUNTRY CLUB FOR THE CEO AS A MEANS OF ASSURING THAT NJAR REMAINS AN INTEGRAL PART OF THE NJ PROFESSIONAL REALTORS COMMUNITY, BY HOSTING MEMBER FUNCTIONS AND FOSTERING RELATIONSHIPS WITHIN THE INDUSTRY.</Explanation>
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    </IRS990ScheduleJ>
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      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 6</Identifier>
        <Explanation>THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7A</Identifier>
        <Explanation>THE ASSOCIATION MEMBERS HOLD AN ANNUAL ELECTION TO ELECT THE LEADERSHIP TEAM.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATIONS OFFICER OF THE ORGANIZATION AND IS THEN MADE AVAILABLE TO THE LEADERSHIP TEAM OF OFFICERS WHO REVIEW AT THEIR DISCRETION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE ASSOCIATION ELECTS A NEW LEADERSHIP TEAM ON AN ANNUAL BASIS AT WHICH TIME COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE CHIEF EXECUTIVE OFFICER'S (CEO) EMPLOYMENT CONTRACT. THE ASSOCIATION PURCHASES THE NEW JERSEY BUSINESS &amp; INDUSTRY ASSOCIATION'S COMPENSATION REPORT TO USE IN THE EVALUATION OF THE CEO'S COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON ITS WEBSITE: WWW.NJAR.COM.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XI, LINE 2C</ReturnReference>
        <Explanation>THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
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          <City>EDISON</City>
          <State>NJ</State>
          <ZIPCode>08818</ZIPCode>
        </AddressUS>
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        <PublicCharityStatus>509(A)(2)</PublicCharityStatus>
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        <EIN>223102761</EIN>
        <PrimaryActivities>THROUGH PUBLIC INFORMATION &amp; EDUCATIONAL CAMPIGNS ADVOCATES FOR PRIVATE PROP</PrimaryActivities>
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        <ExemptCodeSection>527</ExemptCodeSection>
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      <Form990ScheduleRPartII>
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      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>NJAR HOUSING OPPORTUNITY FOUNDATION INC</BusinessNameLine1>
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      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
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      <TransactionsRelatedOrgsTable>
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      <TransactionsRelatedOrgsTable>
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          <BusinessNameLine1>NJAR EDUCATIONAL FOUNDATION</BusinessNameLine1>
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        <TransactionType>N</TransactionType>
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      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
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        <TransactionType>E</TransactionType>
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    </IRS990ScheduleR>
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</Return>