irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0REALTOR STORE: TO PROVIDE SUPPLIES, PRODUCTS, SALES AND MARKETING TOOLS TO ALL MEMBERS TO PROMOTE REAL ESTATE ACTIVITY. 76 MEMBERS PURCHASED PRODUCTS THROUGH THE REALTOR STORE. THERE ARE APPROXIMATELY 23 SUPPLIES AND FORMS AVAILABLE FOR SALE. THE REALTOR STORE WAS CLOSED IN APRIL 2024.
- #2 $0PSC (PROFESSIONAL STANDARDS COMMITTEE) GRIEVANCE PROCEDURES: TO PROVIDE A COMMITTEE OF PEERS IN WHICH ALL MEMBERS MAY TURN TO FOR FAIR AND PROPER DETERMINATION OF POSSIBLE ETHICS VIOLATIONS AS WELL AS ARBITRATION, MEDIATION, AND OMBUDSMAN SERVICES.THE TOTAL NUMBER OF MEMBERS WHO PARTICIPATED IN THE ARBITRATION OR ETHIC COMPLAINT PROCESS DURING THE YEAR, INCLUDING GRIEVANCE AND MEDIATION, WAS 564.
named programs · 4 · from sources
What they call their work
Professional Development Courses
Offers continuing education (CE) courses for real estate licensees on topics including fair housing, agency relationships, legal updates, and technology tools; courses provide state-mandated CE credits and are delivered via Zoom
Professional Standards Committee (PSC)
Provides peer review for ethics complaints, arbitration, mediation, and ombudsman services to resolve disputes among members; ensures adherence to the REALTOR® Code of Ethics
REALTOR Store
Previously provided members with access to real estate supplies, forms, and marketing tools; discontinued in April 2024
Young Professionals Network (YPN) 20 Rising Stars in Real Estate Awards
Recognizes early-career REALTORS® for leadership, innovation, community involvement, and professional growth; includes a formal awards event and public recognition
activities · 13 groups
What they do
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Real Estate Professional Association 2 activities
- Facilitates member engagement with Multiple Listing Service and professional associationsEnables member participation in the Multiple Listing Service (MLS) and provides affiliation with the National Association of REALTORS® and the New York State Association of REALTORS® to support professional practice.
- Supports real estate professionals through trade association servicesServes real estate professionals in Queens, Nassau, and Suffolk Counties via a 30,000-member trade association, offering resources, representation, and operational support.
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Industry and Community Recognition Awards 2 activities
- Hosts awards and recognition events for membersHosts an annual awards gala and presents special honors such as the Heart & Soul Award, Visionary Award, and Rookie of the Year Award to recognize mentorship and support of young professionals.
- Recognizes professional excellence among young real estate professionalsRecognizes early-career REALTORS® through the YPN 20 Rising Stars in Real Estate Awards, honoring professional excellence, leadership, innovation, and community involvement since 2011.
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Business Member Promotion Services 1 activity
- Connects local businesses with real estate professionals through affiliate programLaunched and operates the Bridge2Business Affiliate Program to connect local businesses with REALTORS® through marketing, networking, and sponsorship opportunities.
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Internal Organizational Elections 1 activity
- Elects leadership and governs organizational structureElects new officers for leadership terms, such as the 2027 term elected on June 24, 2026, to guide the organization’s governance and operations.
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Organizational Governance & Leadership Development 1 activity
- Operates and maintains a policy and procedures manual for organizational governanceProduces and maintains a comprehensive policy and procedures manual that governs the operation, structure, and committee functions of the Long Island Board of REALTORS (LIBOR).
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Professional Ethics & Dispute Resolution 1 activity
- Operates peer-based grievance and ethics dispute resolution servicesProvides peer-based grievance procedures including arbitration, mediation, and ombudsman services for ethics complaints, with participation from over 550 members annually.
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Housing Policy Advocacy & Tenant Organizing 1 activity
- Promotes fair housing through public education and outreachOperates HomeForAllOfUs.org, a public website providing resources and information to promote fair housing awareness and responsibilities across Long Island communities.
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Professional Certification and Continuing Education 1 activity
- Provides continuing education for real estate professionalsOffers a catalog of continuing education courses that enable real estate professionals to earn required credits and maintain licensure.
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Organizational Newsletter Production and Distribution 1 activity
- Provides member communications through email newslettersDistributes email newsletters to keep members informed about association news, education offerings, legislative issues, events, and industry trends.
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Recognition and Awards Programs 1 activity
- Recognizes member contributions to political action committeesRecognizes members for lifetime contributions to RPAC, such as honoring Michael Mendicino at the $25,000 level.
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Affordable Home Construction & Rehabilitation 1 activity
- Supports affordable housing through Habitat for Humanity partnershipsSponsored the construction of 20 Habitat for Humanity homes across Long Island since 2004, including providing $3,500 in financial support and member participation in construction activities for a home in Wyandanch.
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Volunteer Mobilization for Community Improvement 1 activity
- Supports community impact through nonprofit partnershipsPartners with nonprofit organizations including Habitat for Humanity of Long Island, Rebuilding Together, City Harvest, Island Harvest, and Long Island Coalition for the Homeless to support community impact initiatives in Queens, Nassau, and Suffolk counties.
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Uncategorized 2 activities
- Facilitates real estate transactions and tracks sales volumeFacilitated over 10,000 real estate closings totaling more than $9 billion in sales volume on Long Island in 2025.
- Operated the Realtor Store to supply members with tools and productsProvided supplies, products, and marketing tools to members through the Realtor Store, with 1,081 members purchasing in 2020, 133 in 2023, and 76 before its closure in April 2024.
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financials · form 990 · fy2024
revenue
Total revenue$8.98M
Contributions & grants$51K1%
Program service revenue$7.75M86%
Investment income$749K8%
Other revenue$432K
expenses
Total expenses$7.93M
Program expenses61%
Admin / overhead39%
Fundraising0%
Salaries & benefits$4.97M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$46.26M
Cash$22.33M
Investments$21.48M
Liabilities$11.75M
Net assets$34.51M
Liquid reserves66.3 mo
3 years on record · 2020–2024 · YoY revenue +1.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 25
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| DOREEN SPAGNUOLO | CEO | 36 | $547K |
| PATRICK FIFE | GENERAL COUNSEL | 34 | $216K |
| KATHLEEN KENNEDY | VP OF ACCOUNTING & FINANCE | 20 | $210K |
| MARY ANN MONTELEONE | VP OF PROFESSIONAL DEVELOPMENT | 40 | $207K |
| PETE CARBO | DIRECTOR OF IT | 8 | $195K |
| ANTHONY RUSSO | DIRECTOR OF ACCOUNTING SER | 40 | $179K |
| LEIGH GOLDBLATT | NETWORK ADMIN/TECHN/HELPDE | 8 | $179K |
| MARLO PAVENTI | SR. DIRECTOR PUBLIC & GOV' | 40 | $169K |
| AMY FLETCHER | DIRECTOR OF COMMUNICATIONS | 40 | $161K |
| LISA FORCA | DIRECTOR OF MEMBERSHIP & B | 20 | $160K |
| ALFONSO SPICCIATIE | NETWORK ADMIN/HELPDESK TECH | 10 | $143K |
| RAO A SHAAN KHAN | SECRETARY/TREASURER | 6 | $12K |
| MARK T DONNELLY | PRESIDENT ELECT | 6 | $11K |
| DEBRA CHIAPPETTA | MEMBER | 3 | $10K |
| YOSHINORI TAKITA | MEMBER | 3 | $10K |
| RUTH F PFEFFER | MEMBER | 3 | $9K |
| JOOSOO KIM | MEMBER | 3 | $9K |
| ROB A CHOUDHURY | MEMBER | 3 | $7K |
| CHRISTINE DICKSON | MEMBER | 3 | $7K |
| MARY ALICE RUPPERT | MEMBER | 3 | $6K |
| PAIGE C RYAN | MEMBER | 3 | $5K |
| NATASHA A WILLIAMS | MEMBER | 3 | $4K |
| GINA MARIE BETTENHAUSER | MEMBER | 6 | $4K |
| ERICA E TURNER | MEMBER | 3 | $3K |
| FREDERIC R GREENE | MEMBER | 3 | $3K |
relationships · 15
Who they work with
- Bridge2Business Affiliate Program Partner — Program enabling local businesses to connect with REALTORS® through marketing, events, and sponsorships.
- City Harvest Partner — Partner organization in community food distribution and hunger relief initiatives.
- Habitat for Humanity of Long Island Partner — Collaborates with LIBOR on building affordable homes for Long Island families.
- Habitat for Humanity of Long Island Partner — Partner organization in community engagement and housing initiatives.
- Island Harvest Partner — Partner organization in community food security and hunger relief programs.
- Long Island Coalition for the Homeless Partner — Partner organization in addressing homelessness and housing insecurity on Long Island.
- Mid-Island Mortgage Corp. Partner — 2026 YPN Visionary Sponsor of the Rising Stars gala
- NYSAR Partner — Collaborates on certification programs such as PSA and CIPS, and offers joint continuing education courses.
- National Association of REALTORS® Network — LIBOR members are affiliated with the National Association of REALTORS®.
- National Association of REALTORS® Network — Member organization aligned with national diversity and inclusion standards.
- National Association of REALTORS® Network — Member organization that inducted a LIBOR member into the NAR RPAC Hall of Fame.
- New York State Association of REALTORS® Network — LIBOR members are affiliated with the New York State Association of REALTORS®.
- New York State Association of REALTORS® Network — State-level affiliate organization with shared leadership and committee involvement
- OneKey® MLS Partner — 2026 Platinum Sponsor of LIBOR
- Rebuilding Together Partner — Partner organization in community rebuilding and housing improvement efforts.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community Partnerships for Affordable Homeownershipmethodology: community_partnership_for_affordable_homeownershipBy partnering with community organizations, we expand access to affordable homeownership, because collaborative networks leverage shared resources and local knowledge to overcome structural barriers to entry.
- Ethics-Based Professional Identitymethodology: ethics_based_professional_designationBy requiring adherence to a strict Code of Ethics and Standards of Practice, we distinguish REALTORS® from other licensees and promote professional accountability, because ethical differentiation strengthens public trust and ensures consistent transaction integrity.
- Fair Housing Advocacy Through Education and Policymethodology: fair_housing_advocacyBy combining policy advocacy with education, we advance fair housing and inclusion in real estate, because systemic change requires both legal influence and cultural transformation among practitioners and communities.
- Leadership Development for Sustained Professional Engagementmethodology: leadership_cultivationBy cultivating emerging leaders through recognition and development programs, we ensure long-term vitality in the profession, because investing in leadership pipelines strengthens member engagement and organizational resilience.
- Political Advocacy to Protect Homeownership and Property Rightsmethodology: political_advocacy_through_pacBy supporting aligned lawmakers through RPAC contributions, we protect private property rights and promote homeownership, because sustained policy influence requires strategic political engagement at all levels of government.