Is Hudson Gateway Association Of Realtors Inc Legit?

The Hudson Gateway Association Of Realtors Inc demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $2,612,301 in 2013 to $4,391,903 in 2022, with assets growing significantly from $6,497,625 to $11,834,127 in the same period. The organization consistently operates with a surplus, indicating sound financial management and an ability to build reserves. Liabilities have also increased, but at a slower rate than assets, suggesting a healthy balance sheet. The organization's spending efficiency appears strong, as expenses are consistently lower than revenue, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer leadership structure, which could be a positive indicator for donor confidence. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is limited. In terms of transparency, the consistent filing of IRS Form 990s over a long period is a positive sign. However, the lack of reported officer compensation on the 990s, while potentially a positive for efficiency, could also raise questions if executives are indeed compensated but not reported in the standard section. Further detail on functional expenses would enhance transparency regarding how funds are allocated to mission-related activities versus overhead.