Mid Jersey Association Of Realtors Inc
Mid Jersey Association Of Realtors Inc: Strong Asset Growth, Low Liabilities
EIN: 221831517 · South River, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.3M |
| Transparency Score | 75/100 |
Is Mid Jersey Association Of Realtors Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid Jersey Association Of Realtors Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mid Jersey Association Of Realtors Inc
Mid Jersey Association Of Realtors Inc (EIN: 221831517) is a nonprofit organization based in South River, NJ. The organization reported total revenue of $1.8M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Jersey Association Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Jersey Association Of Realtors Inc is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-64,385 |
| Total Assets | $5.2M |
| Total Liabilities | $2.0M |
| Net Assets | $3.3M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 49.3 months |
Financial Health Grade: B
In 2023, Mid Jersey Association Of Realtors Inc reported a deficit of $64K with expenses exceeding revenue, holds 49.3 months of operating reserves (strong position), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Jersey Association Of Realtors Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +12.5% | +143.9% |
| 2022 | -13.8% | +5.1% | +1.8% |
| 2021 | +49.4% | +28.9% | +20.7% |
| 2020 | -4.7% | -8.4% | +10.6% |
| 2019 | +46.7% | +52.3% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mid Jersey Association Of Realtors Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mid Jersey Association Of Realtors Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation is not reported in this section.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mid Jersey Association Of Realtors Inc:
- Significant asset growth from $2,147,329 in 2022 to $5,236,846 in 2023.
- Consistently low liabilities relative to assets, with liabilities at $1,979,222 against $5,236,846 in assets for 2023.
- Positive net income in most years, indicating financial stability.
Frequently Asked Questions about Mid Jersey Association Of Realtors Inc
Is Mid Jersey Association Of Realtors Inc a legitimate charity?
Mid Jersey Association Of Realtors Inc (EIN: 221831517) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Mid Jersey Association Of Realtors Inc spend its money?
Mid Jersey Association Of Realtors Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mid Jersey Association Of Realtors Inc tax-deductible?
Mid Jersey Association Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 221831517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mid Jersey Association Of Realtors Inc CEO make?
Mid Jersey Association Of Realtors Inc's highest-compensated officer earns $0 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mid Jersey Association Of Realtors Inc's spending goes to programs?
Mid Jersey Association Of Realtors Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mid Jersey Association Of Realtors Inc located?
Mid Jersey Association Of Realtors Inc is headquartered in South River, New Jersey and files with the IRS under EIN 221831517.
How many years of IRS 990 filings does Mid Jersey Association Of Realtors Inc have?
Mid Jersey Association Of Realtors Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What does Mid Jersey Association Of Realtors Inc do?
Mid Jersey Association Of Realtors Inc is a nonprofit organization in the Unknown sector, located in South River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mid Jersey Association Of Realtors Inc have?
Mid Jersey Association Of Realtors Inc reported total revenue of $1,757,288. Based on 13 IRS 990 filings on record.
What are Mid Jersey Association Of Realtors Inc's total assets?
Mid Jersey Association Of Realtors Inc holds total assets of $5,312,500 as reported in IRS 990 filings.
Where is Mid Jersey Association Of Realtors Inc located?
Mid Jersey Association Of Realtors Inc is based in South River, New Jersey.
What is Mid Jersey Association Of Realtors Inc's EIN?
Mid Jersey Association Of Realtors Inc's Employer Identification Number (EIN) is 221831517. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mid Jersey Association Of Realtors Inc?
Mid Jersey Association Of Realtors Inc is classified under NTEE code Unknown (Unknown).
Is Mid Jersey Association Of Realtors Inc a registered 501(c)(3)?
Mid Jersey Association Of Realtors Inc appears in IRS records (EIN: 221831517). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mid Jersey Association Of Realtors Inc file IRS Form 990?
Yes, Mid Jersey Association Of Realtors Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mid Jersey Association Of Realtors Inc's revenue in 2023?
In the 202312 filing period, Mid Jersey Association Of Realtors Inc reported total revenue of $1,210,885, total expenses of $1,275,270, and net assets of $5,236,846.
Is Mid Jersey Association Of Realtors Inc's revenue growing or declining?
Mid Jersey Association Of Realtors Inc's revenue is growing. Revenue went from $1,143,788 (202212) to $1,210,885 (202312), a +5.9% change. Based on 13 filings on record.
What is Mid Jersey Association Of Realtors Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mid Jersey Association Of Realtors Inc covers tax period 202312. It shows revenue of $1,210,885, expenses of $1,275,270, total assets of $5,236,846, and liabilities of $1,979,222.
How much does Mid Jersey Association Of Realtors Inc spend on programs vs administration?
Based on IRS 990 analysis, Mid Jersey Association Of Realtors Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Mid Jersey Association Of Realtors Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mid Jersey Association Of Realtors Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Mid Jersey Association Of Realtors Inc's strengths?
Positive indicators for Mid Jersey Association Of Realtors Inc include: Significant asset growth from $2,147,329 in 2022 to $5,236,846 in 2023.. Consistently low liabilities relative to assets, with liabilities at $1,979,222 against $5,236,846 in assets for 2023.. Positive net income in most years, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Mid Jersey Association Of Realtors Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation is not reported in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial increase in assets from 2022 to 2023, nearly tripling from $2,147,329 to $5,236,846?
The provided data does not specify the exact nature of the asset increase, but such a significant jump often indicates a major investment, donation, or acquisition of property/equipment.
Filing History
IRS 990 filing history for Mid Jersey Association Of Realtors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Jersey Association Of Realtors Inc's revenue has grown by 216%, moving from $383K to $1.2M. Total assets increased by 554.4% over the same period, from $800K to $5.2M. Total functional expenses rose by 197.7%, from $428K to $1.3M. In its most recent filing year (2023), Mid Jersey Association Of Realtors Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $5.2M in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $5.2M | $2.0M | — | — |
| 2022 | $1.1M | $1.1M | $2.1M | $431K | — | View 990 |
| 2021 | $1.3M | $1.1M | $2.1M | $387K | — | View 990 |
| 2020 | $888K | $837K | $1.7M | $272K | — | View 990 |
| 2019 | $932K | $914K | $1.6M | $166K | — | View 990 |
| 2018 | $635K | $600K | $1.8M | $376K | — | View 990 |
| 2017 | $594K | $512K | $814K | $382K | — | — |
| 2016 | $574K | $519K | $708K | $358K | — | View 990 |
| 2015 | $570K | $499K | $950K | $369K | — | View 990 |
| 2014 | $440K | $445K | $807K | $297K | — | View 990 |
| 2013 | $416K | $453K | $747K | $236K | — | View 990 |
| 2012 | $437K | $436K | $827K | $289K | — | View 990 |
| 2011 | $383K | $428K | $800K | $264K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $5.2M (revenue +5.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue -13.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $2.1M (revenue +49.4% year-over-year).
- 2020: Revenue of $888K, expenses of $837K, and assets of $1.7M (revenue -4.7% year-over-year).
- 2019: Revenue of $932K, expenses of $914K, and assets of $1.6M (revenue +46.7% year-over-year).
- 2018: Revenue of $635K, expenses of $600K, and assets of $1.8M (revenue +7.0% year-over-year).
- 2017: Revenue of $594K, expenses of $512K, and assets of $814K (revenue +3.4% year-over-year).
- 2016: Revenue of $574K, expenses of $519K, and assets of $708K (revenue +0.8% year-over-year).
- 2015: Revenue of $570K, expenses of $499K, and assets of $950K (revenue +29.5% year-over-year).
- 2014: Revenue of $440K, expenses of $445K, and assets of $807K (revenue +5.8% year-over-year).
- 2013: Revenue of $416K, expenses of $453K, and assets of $747K (revenue -4.8% year-over-year).
- 2012: Revenue of $437K, expenses of $436K, and assets of $827K (revenue +14.0% year-over-year).
- 2011: Revenue of $383K, expenses of $428K, and assets of $800K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Jersey Association Of Realtors Inc:
Data Sources and Methodology
This transparency report for Mid Jersey Association Of Realtors Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.