Civic Intelligence

New Haven Middlesex Association of Realtors Inc

EIN 47-1130802 • 501(c)6 • Guilford, CT

Profile

The organization is a membership association dedicated to providing services to members so they can better serve clients and customers. The organization provides training for persons who enter the real estate or appraisal field as well as continuing education for licensed professionals. The organization also provides forms and supplies to its members as well as the publication and free distribution of a biweekly advertising magazine that is distributed to the public free of charge.

2730 Boston Post RoadGuilford, CT 06437

www.nhmrealtors.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.45x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.32x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-9.0%

Higher net margin than 15% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$235,349

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.0%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-2.1%

Faster revenue growth than 27% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,172,460

Down $97,627 (-3.0%) from 2023

Liabilities

Down

$1,421,106

Down $120,446 (-7.8%) from 2023

Net Assets

Up

$1,751,354

Up $22,819 (+1.3%) from 2023

Revenue

Down

$1,079,616

Down $23,641 (-2.1%) from 2023

Expenses

Up

$1,176,276

Up $3,081 (+0.3%) from 2023

Net Income

Down

-$96,660

Down $26,722 (-38%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $1,360,154Liabilities 2015: $46,904Net Assets 2015: $1,313,2502015Assets 2016: $2,240,573Liabilities 2016: $1,190Net Assets 2016: $2,239,3832016Assets 2017: $1,569,144Liabilities 2017: $206,296Net Assets 2017: $1,362,8482017Assets 2018: $2,802,155Liabilities 2018: $1,430,959Net Assets 2018: $1,371,1962018Assets 2020: $3,295,082Liabilities 2020: $1,661,775Net Assets 2020: $1,633,3072020Assets 2021: $3,455,533Liabilities 2021: $1,697,694Net Assets 2021: $1,757,8392021Assets 2022: $3,312,618Liabilities 2022: $1,597,563Net Assets 2022: $1,715,0552022Assets 2023: $3,270,087Liabilities 2023: $1,541,552Net Assets 2023: $1,728,5352023Assets 2024: $3,172,460Liabilities 2024: $1,421,106Net Assets 2024: $1,751,3542024

Highlighted filing

2024

Assets$3,172,460
Liabilities$1,421,106
Net Assets$1,751,354

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,315,765Expenses 2015: $1,156,285Net Income 2015: $159,4802015Revenue 2016: $1,183,588Expenses 2016: $1,220,561Net Income 2016: -$36,9732016Revenue 2017: $1,244,377Expenses 2017: $1,208,236Net Income 2017: $36,1412017Revenue 2018: $1,294,475Expenses 2018: $1,184,102Net Income 2018: $110,3732018Revenue 2020: $1,157,305Expenses 2020: $1,050,919Net Income 2020: $106,3862020Revenue 2021: $1,206,342Expenses 2021: $1,111,803Net Income 2021: $94,5392021Revenue 2022: $1,143,795Expenses 2022: $1,112,955Net Income 2022: $30,8402022Revenue 2023: $1,103,257Expenses 2023: $1,173,195Net Income 2023: -$69,9382023Revenue 2024: $1,079,616Expenses 2024: $1,176,276Net Income 2024: -$96,6602024

Highlighted filing

2024

Revenue$1,079,616
Expenses$1,176,276
Net Income-$96,660

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,079,616
Mission and Program Overview

Mission

The organization is a membership association dedicated to providing services to members so they can better serve clients and customers. The organization provides training for persons who enter the real estate or appraisal field as well as continuing education for licensed professionals. The organization also provides forms and supplies to its members.

The organization is a membership association which provides services to its members so they can better serve their clients and customers. They provide pre-licensing training for persons who enter the real estate or appraisal field and continuing education for licensed professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,436,853$2,362,830▼ $74,023
Investments in Publicly Traded Securities$494,974$570,374▲ $75,400
Savings and Temporary Cash Investments$255,140$200,158▼ $54,982
Accounts Receivable$41,514$20,133▼ $21,381
Cash and Non-Interest-Bearing Accounts$39,111$18,965▼ $20,146
Total Assets$3,270,087$3,172,460▼ $97,627
Other Assets Total$2,495$0▼ $2,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,317,737$1,268,914▼ $48,823
Deferred Revenue$164,220$101,865▼ $62,355
Accounts Payable and Accrued Expenses$59,595$50,327▼ $9,268
Total Liabilities$1,541,552$1,421,106▼ $120,446
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,728,535$1,751,354▲ $22,819
Total Net Assets Fund Balance$1,728,535$1,751,354▲ $22,819
Total Liabilities and Net Assets / Fund Balance$3,270,087$3,172,460▼ $97,627

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,977,675$357,026$2,334,701
Land$332,500-$332,500
Equipment$52,655$58,631$111,286
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn CalvoCEOFT$229,475$5,874$235,349

Board Members and Trustees

NameTitle
Tom ClancyPast President
Lorrie MaioranoPresident
Gena Ruocco-lockeryPresident-elect
Doug BlackwoodVice President
Alan Stewart JrDirector
David CandeloraDirector
David GallittoDirector
Edward PellegrinoDirector
Jameka JefferiesDirector
Jed BackusDirector
Joel GrossmanDirector
Juliet CavanaughDirector
Kishore KipoorDirector
Michael BarbaroDirector
Michael StroudDirector
Nikki TravaglinoDirector
Jeremy RosnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,054,198
Investment Income
$25,418
Other Revenue
$0
Change in Net Assets
$-96,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$600,589
Other Expenses$575,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$253,309
Current Officers, Directors, Trustees, and Key Employees---$235,349
Fees for Services Other---$118,451
Interest---$80,760
Depreciation Depletion---$77,628
Other Employee Benefits---$64,783
Occupancy---$43,676
Payroll Taxes---$41,960
Fees for Services Accounting---$41,200
All Other Expenses---$26,668
Other Expenses---$25,307
Fees for Services Legal---$5,625
Pension Plan Contributions---$5,188
Insurance---$4,356
Office Expenses---$4,304
Total Functional Expenses$0$0$0$1,176,276
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a non stock association with members.

Form 990, Part VI, Section A, Line 7A

The members have the power to elect one or more members to the board of directors.

Form 990, Part VI, Section B, Line 11B

Form 990 is given to the board for their review prior to submission to the irs

Form 990, Part VI, Section B, Line 15A

Compensation is determined by industry standards

Form 990, Part VI, Section C, Line 19

All documents are available for public inspection upon request

Filing and Contact Details

Filer

Filer Name
New Haven Middlesex Association of
EIN
47-1130802
Phone
2032347700
Address
2730 BOSTON POST ROAD, GUILFORD, CT 06437

Signing Officer

Name
Dawn Calvo
Title
CEO
Phone
2032347700
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Calvo
Formed
2014
Legal Domicile
Ct
Voting Board Members
18
Independent Board Members
17
Employees
7
Volunteers
47

Preparer

Firm
Beers Hamerman Cohen & Burger Pc
Address
234 CHURCH STREET, NEW HAVEN, CT 06510
Preparer
Francis Broderick
Phone
2037876527
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

EDUCATION 118,451.

FORM 990, PART XI, LINE 9:

Contributed net assets from merger on 10/15/2025 67,608.

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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION DEDICATED TO PROVIDING SERVICES TO MEMBERS SO THEY CAN BETTER SERVE CLIENTS AND CUSTOMERS. THE ORGANIZATION PROVIDES TRAINING FOR PERSONS WHO ENTER THE REAL ESTATE OR APPRAISAL FIELD AS WELL AS CONTINUING EDUCATION FOR LICENSED PROFESSIONALS. THE ORGANIZATION ALSO PROVIDES FORMS AND SUPPLIES TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01317737
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01268914
IRS990/NetAssetsOrFundBalancesBOYAmt01728535
IRS990/NetAssetsOrFundBalancesEOYAmt01751354
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt051871
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01728535
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01751354
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt043676
IRS990/OfficeExpensesGrp/TotalAmt04304
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02495
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt067608
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064783
IRS990/OtherExpensesGrp/Desc0MEETINGS
IRS990/OtherExpensesGrp/Desc1LEADERSHIP
IRS990/OtherExpensesGrp/Desc2MISCELLAENOUS
IRS990/OtherExpensesGrp/Desc3SERVICE SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt071569
IRS990/OtherExpensesGrp/TotalAmt138173
IRS990/OtherExpensesGrp/TotalAmt237970
IRS990/OtherExpensesGrp/TotalAmt325307
IRS990/OtherSalariesAndWagesGrp/TotalAmt0253309
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt041960
IRS990/PensionPlanContributionsGrp/TotalAmt05188
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAWN CALVO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL COURSES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/Desc3KEY CARD/LOCKBOX
IRS990/ProgramServiceRevenueGrp/Desc4MEETINGS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0705987
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1107105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt299687
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt360622
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt452697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0705987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1107105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt299687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt360622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt452697
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015428
IRS990/PYOtherExpensesAmt0559876
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01087829
IRS990/PYRevenuesLessExpensesAmt0-69938
IRS990/PYSalariesCompEmpBnftPaidAmt0613319
IRS990/PYTotalExpensesAmt01173195
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01103257
IRS990/ReconcilationRevenueExpnssAmt0-96660
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01054198
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0255140
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0200158
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01977675
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0357026
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02334701
IRS990ScheduleD/EquipmentGrp/BookValueAmt052655
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058631
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0111286
IRS990ScheduleD/LandGrp/BookValueAmt0332500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0332500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02362830
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0229475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05874
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAWN CALVO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0235349
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON STOCK ASSOCIATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS HAVE THE POWER TO ELECT ONE OR MORE MEMBERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS GIVEN TO THE BOARD FOR THEIR REVIEW PRIOR TO SUBMISSION TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY INDUSTRY STANDARDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EDUCATION 118,451.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRIBUTED NET ASSETS FROM MERGER ON 10/15/2025 67,608.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03270087
IRS990/TotalAssetsEOYAmt03172460
IRS990/TotalAssetsGrp/BOYAmt03270087
IRS990/TotalAssetsGrp/EOYAmt03172460
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt01176276
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01541552
IRS990/TotalLiabilitiesEOYAmt01421106
IRS990/TotalLiabilitiesGrp/BOYAmt01541552
IRS990/TotalLiabilitiesGrp/EOYAmt01421106
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01728535
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01751354
IRS990/TotalOtherCompensationAmt05874
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt028100
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt028100

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