Is Buffalo Niagara Association Of Realtors Inc Legit?

The Buffalo Niagara Association Of Realtors Inc demonstrates a stable financial position with consistent revenue generation over the past decade. While the organization experienced a slight deficit in 2023, with expenses exceeding revenue by $10,914, this follows several years of positive net income, such as in 2022 where revenue exceeded expenses by $214,661. The organization's assets have shown growth, reaching $4,081,627 in 2023, indicating a healthy balance sheet. Liabilities have also increased, but the asset-to-liability ratio remains favorable. The organization's spending efficiency appears to be focused on its core mission, as indicated by the absence of reported officer compensation, suggesting that resources are directed towards operational activities rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent revenue growth from $1,642,605 in 2014 to over $3 million in recent years suggests effective financial management and member engagement. Transparency is generally good, with regular IRS 990 filings available. The lack of reported officer compensation is a notable point, indicating that the organization may rely on volunteer leadership or that compensation is structured differently and not reported in this specific field. Further detail on functional expenses would enhance transparency regarding how funds are allocated across programs, administration, and fundraising.