Los Angeles Commercial Realty Assoc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954215253 ✦ Burbank, CA ✦ Designated as a 501(c)(6)

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Overview

What is Los Angeles Commercial Realty Assoc?

Los Angeles Commercial Realty Assoc, established in Burbank, CA, functions as a hub for commercial real estate professionals. This nonprofit organization fosters a collaborative environment where its members engage in marketing, developing, and selling commercial properties within the metropolitan Los Angeles area. By offering valuable insights about the commercial real estate sector, Los Angeles Commercial Realty Assoc serves to empower its members, ultimately contributing to the growth and development of the industry within their locality.


Official website here: www.lacra.org

Is Los Angeles Commercial Realty Assoc legitimate?

Los Angeles Commercial Realty Assoc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Los Angeles Commercial Realty Assoc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $106,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,138

For more financial information, click here


Official website here: www.lacra.org

What is the mission statement of Los Angeles Commercial Realty Assoc?

The Los Angeles Commercial Realty Association serves as a platform for real estate professionals, fostering an environment where members engage in marketing, developing, and selling commercial real estate within the metropolitan Los Angeles area. The organization's primary role is to disseminate pertinent information about commercial real estate to its members, thereby supporting their professional growth. Although the information provided does not explicitly state a mission statement, it can be inferred that the association's mission is to facilitate and enhance the commercial real estate industry within the Los Angeles metropolitan area by providing valuable resources and networking opportunities for its members.


Official website here: www.lacra.org

Who is the CEO of Los Angeles Commercial Realty Assoc?

Steve Somer is the Co-Chairman of Los Angeles Commercial Realty Assoc.


Official website here: www.lacra.org

What is the revenue of Los Angeles Commercial Realty Assoc?

Los Angeles Commercial Realty Assoc's revenue in 2022 was $249,205.


Official website here: www.lacra.org

Who are the executives of Los Angeles Commercial Realty Assoc and what are their salaries?

The average compensation at Los Angeles Commercial Realty Assoc during 2022 was $28,034. There are 4 employees and 55 volunteers at Los Angeles Commercial Realty Assoc.


Here are 18 key members and their salaries:


Rachel Mathews (Exec Director)
  • Compensation: $106,000
  • Related: $0
  • Other: $0
Ryan Hursh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Kolsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Caverly (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Collins (Past Co-Chairmn)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Amos (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Mcroskey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elan Matlovsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Tipton (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Natsis (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Somer (Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caitlin Hoffman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Gold (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Nally (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Wrobel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander Cameron (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ollen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Lyon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lacra.org

Where can I find the form 990 for Los Angeles Commercial Realty Assoc?

Los Angeles Commercial Realty Assoc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lacra.org

Learn more at the official website: www.lacra.org

Mission Statement of Los Angeles Commercial Realty Assoc

Los Angeles Commercial Realty Assoc, often referred to as LACRA, serves as a pivotal platform for real estate professionals in the metropolitan Los Angeles area. The organization's primary mission is to function as a forum, fostering an environment where its members can excel in marketing, developing, and selling commercial real estate. LACRA is committed to providing its members with pertinent information about the commercial real estate sector to aid in their professional growth and success. By serving as a hub for this specialized group, LACRA plays a significant role in driving the commercial real estate market in the Los Angeles area.

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Impact




October, 2024

The Los Angeles Commercial Realty Association plays a significant role in shaping the commercial real estate landscape in the metropolitan Los Angeles area. By serving as a forum for real estate professionals, it facilitates networking, collaboration, and the exchange of vital information among its members, who are deeply involved in marketing, developing, and selling commercial properties.

This organization enhances the capabilities of real estate professionals by providing resources and insights that help them navigate the complexities of the industry, ultimately benefiting the local economy and community through informed decision-making and strategic development. Its presence in Burbank acts as a hub for innovation and growth, ensuring that members are equipped with the knowledge they need to drive successful projects that contribute to community improvement. Through its activities, the association fosters a dynamic and informed marketplace that supports sustainable development and addresses the evolving needs of the region.




This information is meant to be a general summary of Los Angeles Commercial Realty Assoc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$249,205 (2022)
Expenses
$266,949 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38
  • Program Service Revenue: $21,726
  • Gross Receipts: $387,324

Assets and Liabilities:

  • Total Assets: $70,744
  • Total Liabilities: $10,104
  • Net Assets: $60,640

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NETWORKING MEETINGS

Revenue

$21,726

Organization Details

Founding Year

1989

Principal Officer

Steve Somer

Main Address

1616 W MAGNOLIA BLVD, BURBANK, CA, 91506

NTEE Category

Code: S47 - Community improvement

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