NonprofitsDenver Metropolitan Commercial Association Of Realtors

Denver Metropolitan Commercial Association Of Realtors

DENVER, CO

Total revenue

$360K

Total expenses

$466K

Net assets

$54K

Grants received

$28K

1 grants

EIN

841276916

Tax year

2023

Mission

To provide resources for members to professionally, ethically, and successfully conduct their commercial real estate business and to protect and support the right to own, use, and transfer real property

Programs

5 programs

GOVERNMENT AFFAIRS - The organization's Government Affairs program has enjoyed numerous successes and features a strong focus on a wide range of key issues, including: State-level passing of construction defects reform; monitoring the affordable housing ordinance, providing input on proposed programs developed by the City's committee and any potential additional property taxes and development impact fees that could negatively hit the commercial real estate industry; preparing the commercial real estate industry to adhere to new energy efficiency requirements related to transparency and benchmarking for commercial buildings in Denver.

Expenses: $132K

MEMBER SERVICES - The organizational commitment to membership services has helped to make member businesses stronger and more successful. DMCAR members enjoy the highest quality database products at the most affordable rates from its database provider partner. Members also enjoy access to world-class continuing education and productive networking events.

Expenses: $70K

PUBLIC AFFAIRS, COMMUNICATION and MARKETING - The organization continues to be a proactive advocate in both municipal and state issues with a commitment to tackling the industry-wide pressing commercial real estate issues. In addition to these services, DMCAR continues to deliver the premier commercial real estate conference of the year, featuring billionaire entrepreneurs, NFL and real estate Hall of Famers, nationally-recognized corporate executives, and a forecast panel comprised of area top producers. For younger professionals, there is a robust young broker career advancement and placement service, facilitating career growth through special networking opportunities, meaningful connections to managing brokers, and access to a Young Broker Job Board.

Expenses: $47K

EDUCATION - As an association, DMCAR is committed to a tradition of delivering high-value, high-reward education and professional development tools, marketing and business development resources, career advancement and mentoring for young brokers as the foundation of its professional success. In the fall of 2022, DMCAR launched the Inclusive City Builders Fellowship Program, a diverse student-shadowing program that exposes the student participants to real estate, architectural, and construction career training.

Expenses: $30K

PROFESSIONAL STANDARDS and ARBITRATION - The Grievance Committee and the Professional Standards Committee both fall under Professional Standards. These Committees are responsible for ensuring due process in the conduct of hearings to enforce the Code of Ethics and in the arbitration of business disputes arising out of the real estate business. DMCAR offers its members mediation services, as well as the ability to file ethics complaints and arbitration requests through these respective committees.

Expenses: $7K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$303K
Investment income$4K
Other revenue$52K
Total revenue$360K

Expenses

Grants paid
Salaries & benefits$290K
Fundraising
Other expenses$176K
Total expenses$466K
Total assets$188K
Net assets$54K

People

19 listed

NameRoleCompensation

Justin Lutgen

President, Director

Board

3 hrs/wk

Erika Shorter

Past President, Director

Board

2.5 hrs/wk

Russell Gruber

President-Elect, Director

Board

3 hrs/wk

Megan Kranichfeld

Treasurer, Director

Board

2.5 hrs/wk

Tia Jones

Secretary, Director

Board

2.5 hrs/wk

Robb Brown

Director

Board

1.25 hrs/wk

Luke Davidson

Affiliate Director Liaison

Board

1.25 hrs/wk

Jane Fletcher

Director at Large Organization

Board

1.25 hrs/wk

Sarajane Goodfellow

Director

Board

1.25 hrs/wk

Carmon Hicks

Director

Board

1.25 hrs/wk

Aaron Koury

Director at Large Organization

Board

1.25 hrs/wk

Adam Lewis

Director

Board

1.25 hrs/wk

Ashley Stiles

Director at Large Organization

Board

1.25 hrs/wk

Nick Kitaeff

Director at Large Organization

Board

1.25 hrs/wk

Billy Woodward

Director at Large Organization

Board

1.25 hrs/wk

Rachel Canella

Director at Large Organization

Board

1.25 hrs/wk

Logan Schenk

Director at Large Organization

Board

1.25 hrs/wk

Sam Zaitz

Director at Large Organization

Board

1.25 hrs/wk

Rachel Marion

CEO

Staff

$158K

40 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$28K
GENERAL SUPPORT
2020

Funded by

$28K from 1 funder · 1 grant · 2020

National Association of Realtors

$28K · 1 grant · 2020

Details

EIN841276916
Subsection06
Ruling date1995-01
Formed1994
Employees2
Volunteers17
DENVER METROPOLITAN COMMERCIAL ASSOCIATION OF REALTORS — Mission, Financials & Grants Received | Grantivo