Civic Intelligence

Greenwich Association of Realtors Inc

990 • Fiscal year 2014 • EIN 06-0699086

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

40 East Elm StreetGreenwich, CT 06830

(203) 869-0240

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

64th percentile

7.4%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

40th percentile

0.8%

Faster asset growth than 40% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$656,520

Up $5,060 (+0.8%) from 2013

Net Assets

Up

$617,349

Up $21,315 (+3.6%) from 2013

Liabilities

Down

$39,171

Down $16,255 (-29%) from 2013

Revenue

Up

$286,818

Up $29,592 (+12%) from 2013

Expenses

Up

$265,503

Up $33,640 (+15%) from 2013

Net Income

Down

$21,315

Down $4,048 (-16%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $585,212Liabilities 2010: $0Net Assets 2010: $585,2122010Assets 2011: $594,667Liabilities 2011: $42,850Net Assets 2011: $551,8172011Assets 2012: $623,862Liabilities 2012: $53,191Net Assets 2012: $570,6712012Assets 2013: $651,460Liabilities 2013: $55,426Net Assets 2013: $596,0342013Assets 2014: $656,520Liabilities 2014: $39,171Net Assets 2014: $617,3492014Assets 2015: $661,159Liabilities 2015: $42,642Net Assets 2015: $618,5172015Assets 2016: $704,459Liabilities 2016: $242,372Net Assets 2016: $462,0872016Assets 2017: $878,274Liabilities 2017: $328,870Net Assets 2017: $549,4042017Assets 2018: $892,595Liabilities 2018: $296,946Net Assets 2018: $595,6492018Assets 2019: $872,120Liabilities 2019: $251,599Net Assets 2019: $620,5212019Assets 2020: $1,018,773Liabilities 2020: $335,737Net Assets 2020: $683,0362020Assets 2021: $1,091,416Liabilities 2021: $332,815Net Assets 2021: $758,6012021Assets 2022: $1,120,719Liabilities 2022: $321,241Net Assets 2022: $799,4782022Assets 2023: $1,235,278Liabilities 2023: $331,635Net Assets 2023: $903,6432023Assets 2024: $1,217,765Liabilities 2024: $349,614Net Assets 2024: $868,1512024

Highlighted filing

2014

Assets$656,520
Liabilities$39,171
Net Assets$617,349

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $550,3162010Expenses 2011: $226,7462011Expenses 2012: $258,7042012Revenue 2013: $257,226Expenses 2013: $231,863Net Income 2013: $25,3632013Revenue 2014: $286,818Expenses 2014: $265,503Net Income 2014: $21,3152014Revenue 2015: $301,498Expenses 2015: $300,347Net Income 2015: $1,1512015Revenue 2016: $106,852Expenses 2016: $263,282Net Income 2016: -$156,4302016Revenue 2017: $344,495Expenses 2017: $257,178Net Income 2017: $87,3172017Revenue 2018: $311,561Expenses 2018: $265,320Net Income 2018: $46,2412018Revenue 2019: $328,800Expenses 2019: $272,156Net Income 2019: $56,6442019Revenue 2020: $289,476Expenses 2020: $241,793Net Income 2020: $47,6832020Revenue 2021: $370,749Expenses 2021: $267,586Net Income 2021: $103,1632021Revenue 2022: $335,057Expenses 2022: $265,764Net Income 2022: $69,2932022Revenue 2023: $355,416Expenses 2023: $298,839Net Income 2023: $56,5772023Revenue 2024: $319,770Expenses 2024: $393,667Net Income 2024: -$73,8972024

Highlighted filing

2014

Revenue$286,818
Expenses$265,503
Net Income$21,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$286,818
Mission and Program Overview

Mission

To unite those engaged in the practice of real estate; to promote and maintain high standards of conduct in the real estate profession; to further the interests of homeowners and property owners

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$527,851$549,166▲ $21,315
Cash and Non-Interest-Bearing Accounts$232,966$233,116▲ $150
Investments Other Securities$2,000$201,965▲ $199,965
Savings and Temporary Cash Investments$415,784$141,298▼ $274,486
Investments in Publicly Traded Securities-$79,955-
Pd in Cap Srpls Land Bldg Eqp Fund$68,183$68,183→ $0
Total Assets$651,460$656,520▲ $5,060
Other Assets Total$710$186▼ $524
Liabilities
Other Liabilities$55,339$28,792▼ $26,547
Accounts Payable and Accrued Expenses$87$10,379▲ $10,292
Total Liabilities$55,426$39,171▼ $16,255
Net Assets / Fund Balance
Total Net Assets Fund Balance$596,034$617,349▲ $21,315
Total Liabilities and Net Assets / Fund Balance$651,460$656,520▲ $5,060

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$199,965--
Closely Held Equity Interests$2,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joann ErbPresident
Bk BatesDirector
Eric BjorkDirector
John McateeDirector
Paul PuglieseDirector
Sally ParrisDirector
Theresa HattonExec Vice Pr
Carolyn AndersonSecretary
Bryan TunneyTreasurer
Nancy HealyVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$271,385
Investment Income
$5,433
Other Revenue
$10,000
Change in Net Assets
$21,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,929
Salaries, Compensation, and Employee Benefits$98,574
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,861--$69,861
Fees for Services Management$60,000--$60,000
Advertising$33,533--$33,533
Fees for Services Accounting$24,503--$24,503
Travel$18,578--$18,578
Other Employee Benefits$11,357--$11,357
Pension Plan Contributions$10,309--$10,309
Payroll Taxes$7,047--$7,047
Grants to Domestic Orgs$3,000--$3,000
Fees for Services Legal$2,200--$2,200
Other Expenses$95--$95
All Other Expenses$23--$23
Total Functional Expenses$265,503$0$0$265,503
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$24,369
Due to Car/nar$2,365
Deferred Revenue$2,058
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 provided to executive vice president who will review with the 4 member finance committee of the board of directors.

Form 990, Page 6, Part VI, Line 12C

Policy is communicated to the board of directors annually.

Form 990, Page 6, Part VI, Line 15A

Compensation reviewed by executive vice president along with members of the finance committee; must be approved by its members.

Form 990, Page 6, Part VI, Line 15B

SAME AS ABOVE

Form 990, Page 6, Part VI, Line 19

Documents are available for public inspection through website

Filing and Contact Details

Filer

Filer Name
Greenwich Association of
EIN
06-0699086
Phone
2038690240
Address
40 EAST ELM STREET, GREENWICH, CT 06830

Signing Officer

Name
Theresa Hatton
Title
Executive Vice President
Phone
2038690240
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Hatton
Formed
1960
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
10
Employees
3

Preparer

Firm
Christensen Defruscio Allen & Co LLC
Address
40 WEST ELM STREET SUITE 1A, GREENWICH, CT 06830
Preparer
John P Christensen CPA
Phone
2038695165
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To unite those engaged in the practice of real estate; to promote and maintain high standards of conduct in the real estate profession; to further the interests of homeowners and property owners

Form 990

Form 990 part v question 2a and 2b: organization shares personnel with subsidiary, greenwich multiple listing service-06-0844837. All employment forms are submitted through this entity.

Form 990, Page 2, Part III, Line 4D

Promotion of interest in real estate ownership and improvement of existing conditions in the real estate profession through membership

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO UNITE THOSE ENGAGED IN THE PRACTICE OF REAL ESTATE; TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION; TO FURTHER THE INTERESTS OF HOMEOWNERS AND PROPERTY OWNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 PART V QUESTION 2A AND 2B: ORGANIZATION SHARES PERSONNEL WITH SUBSIDIARY, GREENWICH MULTIPLE LISTING SERVICE-06-0844837. ALL EMPLOYMENT FORMS ARE SUBMITTED THROUGH THIS ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROMOTION OF INTEREST IN REAL ESTATE OWNERSHIP AND IMPROVEMENT OF EXISTING CONDITIONS IN THE REAL ESTATE PROFESSION THROUGH MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PROVIDED TO EXECUTIVE VICE PRESIDENT WHO WILL REVIEW WITH THE 4 MEMBER FINANCE COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY IS COMMUNICATED TO THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION REVIEWED BY EXECUTIVE VICE PRESIDENT ALONG WITH MEMBERS OF THE FINANCE COMMITTEE; MUST BE APPROVED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SAME AS ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION THROUGH WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0060844837
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MULTIPLE L
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0GREENWICH MULTIPLE LISTING SERVICE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt040 EAST ELM STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0GREENWICH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd006830
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt024369
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DUE TO AFFILIATE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0651460
IRS990/TotalAssetsEOYAmt0656520
IRS990/TotalAssetsGrp/BOYAmt0651460
IRS990/TotalAssetsGrp/EOYAmt0656520
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055426
IRS990/TotalLiabilitiesEOYAmt039171
IRS990/TotalLiabilitiesGrp/BOYAmt055426
IRS990/TotalLiabilitiesGrp/EOYAmt039171
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0596034
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0617349
IRS990/TotalProgramServiceExpensesAmt0265503
IRS990/TotalProgramServiceRevenueAmt0271385
IRS990/TotalRevenueGrp/ExclusionAmt05433
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0281385
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286818
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0651460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0656520
IRS990/TravelGrp/ProgramServicesAmt018578
IRS990/TravelGrp/TotalAmt018578
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 EAST ELM STREET
IRS990/USAddress/CityNm0GREENWICH
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006830
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0GREENWICHREALTORS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THERESA HATTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02038690240
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREENWICH ASSOCIATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0REALTORS INC
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0060699086
ReturnHeader/Filer/PhoneNum02038690240
ReturnHeader/Filer/USAddress/AddressLine1Txt040 EAST ELM STREET
ReturnHeader/Filer/USAddress/CityNm0GREENWICH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006830
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262680445
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTENSEN DEFRUSCIO ALLEN & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 WEST ELM STREET SUITE 1A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENWICH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006830
ReturnHeader/PreparerPersonGrp/PhoneNum02038695165
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P CHRISTENSEN CPA
ReturnHeader/ReturnTs02015-06-19T11:24:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.35$0.87$0.32$0.39$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.33$0.90$0.36$0.30$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.32$0.80$0.34$0.27$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.09$0.33$0.76$0.37$0.27$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.34$0.68$0.29$0.24$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.25$0.62$0.33$0.27$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.30$0.60$0.31$0.27$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.33$0.55$0.34$0.26$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.24$0.46$0.11$0.26$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.04$0.62$0.30$0.30$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.04$0.62$0.29$0.27$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.65$0.06$0.60$0.26$0.23$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.05$0.57$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.04$0.55$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.55