irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $0SPRING/FALL GOLF OUTINGS:THE ANNUAL GOLF OUTING(S) IS A NETWORKING SPORTING EVENT BRINGING TOGETHER MEMBERS FROM ALL OVER THE INDUSTRY.
- #2 $0ANNUAL HOLIDAY LUNCHEON:THE ANNUAL HOLIDAY LUNCHEON IS A NETWORKING EVENT IN CELEBRATION OF THE HOLIDAYS, CONTAINING INSTALLMENT OF UPCOMING OFFICERS, PRESENTATION OF EDUCATIONAL SCHOLARSHIPS, AND A CIVIC BETTERMENT AWARD TO A DESERVING CHARITY.
named programs · 6 · from sources
What they call their work
BOMI Designation Courses
Offers RPA, FMA, SMT, and SMA certification programs through live virtual learning for property and facilities professionals.
Codes & Regulations Committee
Monitors and advocates on local, state, and federal regulations affecting commercial real estate; organizes the annual Conference & Leadership Breakfast.
Energy & Sustainability Committee
Promotes energy efficiency and sustainable practices in commercial buildings; organizes the Annual Energy Action Day program.
Pinnacle Awards
Recognizes excellence in building management and operations among members at the local level, feeding into regional and international awards.
Professional Development Committee
Develops and plans seminars and educational events to inform members and industry professionals on commercial real estate topics.
Scholarship Program
Provides financial assistance to members pursuing BOMI designations, including full scholarships for qualifying BOMA NY members.
activities · 8 groups
What they do
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Industry Advocacy and Regulatory Engagement 2 activities
- Advocacy and policy representation for commercial real estateMonitors, lobbies, and advocates on legislative, regulatory, and code issues at local, state, and national levels to protect the interests of commercial real estate owners and managers. Engages with the Mayor’s Office, City Council, city agencies, and task forces, and submits testimony and comments on draft rules.
- Research, data reporting, and industry resourcesConducts research and data collection to support the commercial real estate industry, publishing annual reports such as the Experience Exchange Report, Membership Directory and Buyer’s Guide, and maintaining the BOMA sourcebook and website.
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Industry and Community Recognition Awards 1 activity
- Building excellence and awards administrationAdministers the Local Pinnacle Awards and supports participation in Regional and International TOBY Awards to recognize excellence in building management and promote professional standards across the industry.
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Local Clean Energy Adoption & Education 1 activity
- Energy efficiency and sustainability initiativesPlans and executes the Annual Energy Action Day program to promote energy efficiency and sustainable practices in commercial real estate operations.
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Professional Networking Events 1 activity
- Industry events and networking programsHosts annual events including spring and fall golf outings, a holiday luncheon with officer installations and award presentations, the BOMA New York Conference & Leadership Breakfast, and virtual monthly forums. Also operates a job board and Pinnacle Awards program.
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Membership Program Administration 1 activity
- Membership structure and engagementOffers five membership levels—Principal, Associate, Professional, Allied, and Emerging Leaders—and manages applications, board recommendations, and strategies for membership promotion and retention. Includes a targeted Emerging Leaders program for individuals aged 35 or under or with five or fewer years of experience, limited to two years.
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Mentorship and Professional Development Programs 1 activity
- Mentorship program for industry professionalsOperates a year-long mentoring program pairing current and retired members for professional growth, requiring monthly meetings and participation in events such as kick-off, socials, and graduation. The program was launched in 2024 and is in its third cohort as of 2026.
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Professional Training for Real Estate and Building Practitioners 1 activity
- Professional development and educational programmingOffers a range of educational programs including BOMI designation courses, LEED/WELL certifications, seminars, lunch and learns, virtual forums, and six-week virtual courses in property and facilities management. Programs are designed to enhance professional credibility and support career advancement.
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Industry-Specific Student Scholarships and Competitions 1 activity
- Scholarship program for BOMI designation seekersProvides full scholarships covering up to eight BOMI courses, e-books, and exam fees for members of BOMA New York and employees of member firms, as well as financial assistance to students in BOMI programs. Applicants must submit an essay, letter of recommendation, and complete an interview.
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financials · form 990 · fy2024
revenue
Total revenue$2.95M
Contributions & grants$00%
Program service revenue$2.81M95%
Investment income$64K2%
Other revenue$78K
expenses
Total expenses$2.87M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$659K
Grants paid out$14K
Largest expense lineCompensation
balance sheet
Total assets$3.61M
Cash$2.43M
Investments$0
Liabilities$1.32M
Net assets$2.30M
Liquid reserves10.2 mo
3 years on record · 2020–2024 · YoY revenue +13.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| LORI RAPHAEL | EXECUTIVE DIRECTOR | 40 | $263K |
| MATTHEW CARANANTE | DIRECTOR OF MEMBERSHIP & EVENTS | 40 | $158K |
board members · 23
- ANDREW HARDY — DIRECTOR
- BRIAN HORAN — DIRECTOR (THRU APR 2024)
- BRIAN ROTHSCHILD — DIRECTOR
- BRIDGET CUNNINGHAM — TREASURER
- CAROLINA RAMOS — DIRECTOR
- CAROLINE GADALETA — DIRECTOR
- CHRISTOPHER MASOTTO — DIRECTOR
- DERMOT SHEA — DIRECTOR
- DIANE FIELDS — DIRECTOR
- DOMINGO DIAZ — DIRECTOR
- DREW O' CONNOR — DIRECTOR
- EDUARDO FIALLO — SECRETARY
- HEIDI AMAR — DIRECTOR
- JAVIER LEZAMIZ — DIRECTOR
- JOSEPH SZABO — DIRECTOR
- JULIE ARCE — DIRECTOR
- LAURA BELT-PONOMAREV — DIRECTOR
- LINDAY DEFOUW BLANCK — DIRECTOR
- MARK FURMAN — DIRECTOR
- MARK LANDSTROM — DIRECTOR (THRU AUG 2024)
- MATTHEW J DUTHIE — DIRECTOR
- MICHAEL PREFI — DIRECTOR
- NICHOLAS MATHER — DIRECTOR
relationships · 33
Who they work with
- BOMA International Network — Collaborates with BOMA International to analyze and prioritize proposed updates to building and energy codes.
- BOMA International Network — Federation member of BOMA International, the world's largest trade association for commercial real estate professionals.
- BOMA International Network — Greater New York area’s federation of BOMA International
- BOMA International Network — International federation providing advocacy, education, research, and industry standards for commercial real estate professionals.
- BOMA International Network — Produces industry publications, benchmarks, standards, and recognition programs used by BOMA New York members.
- BOMI Partner — Provides educational programs for which BOMA New York offers scholarships; courses and designations are jointly supported.
- BOMI International Partner — Collaborates on BOMI classes and professional certification programs for building industry professionals.
- BOMI International Partner — Collaborates with BOMA New York to offer 6-week virtual education courses in property and facilities management.
- BOMI International Partner — Provides professional development courses and designation programs for property and facility management professionals.
- Brooklyn Navy Yard Development Corp. Partner — Organization represented by Adrian Hester, a member of the BOMA New York Scholarship Committee.
- Building Owners and Managers Institute Partner — Collaborates with BOMI to offer certification and designation coursework to members.
- CBRE Partner — Co-chair organization of the Codes & Regulations Committee and the Engineering Operations Committee
- City Council Government — Engages with the City Council to influence local laws and regulations affecting commercial real estate.
- CodeGreen, A Pinchin Company Partner — Co-chair organization of the Energy & Sustainability Committee
- Colliers Partner — Organization represented by Mark Furman, a member of the BOMA New York Scholarship Committee.
- Cushman & Wakefield Partner — Co-chair organization of the Emerging Leaders Committee and the Professional Development Committee
- Cushman & Wakefield Partner — Organization represented by Sandy Forbes, a member of the BOMA New York Scholarship Committee.
- Department of Buildings Government — Works with the Department of Buildings on matters related to building codes and regulations.
- Deserving Charity Partner — Receives the Civic Betterment Award through the organization's annual holiday luncheon.
- Diaz Architects & Associates, PC Partner — Co-chair organization of the Codes & Regulations Committee
- George Comfort & Sons Partner — Co-chair organization of the Mentorship Committee
- Hines Partner — Co-chair organization of the Membership Committee
- JLL Partner — Co-chair organization of the Energy & Sustainability Committee
- JLL Partner — Organization represented by Julie Arce, a member of the BOMA New York Scholarship Committee.
- M & S Mechanical Partner — Chair organization of the Pinnacle Awards Committee
- Mayor’s Office Government — Regularly engages with the Mayor’s Office to discuss policy proposals and provide recommendations on commercial real estate matters.
- Middle Atlantic Conference Network — Regional network of BOMA federations that facilitates cooperation among building owners and managers in the Middle Atlantic region.
- NY Life Investment Management LLC Partner — Former affiliation of the Chair of the Scholarship Committee
- Paramount Group Partner — Co-chair organization of the Pinnacle Awards Committee
- Rudin Management Partner — Co-chair organization of the Professional Development Committee
+ 3 more
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.
- Collective Advocacy and Coalition Buildingmethodology: collective_advocacyBy uniting industry professionals and forming cross-sector coalitions, the organization amplifies its policy influence on commercial real estate issues, because coordinated action increases leverage in shaping legislation and regulatory outcomes.
- Membership-Driven Industry Advancementmethodology: membership_driven_industry_advancementBy combining education, advocacy, networking, and standards development within a membership model, the organization strengthens industry capacity and alignment, because collective engagement fosters shared progress and policy influence in commercial real estate.
- Mentorship-Based Leadership Developmentmethodology: mentorship_based_leadership_developmentBy pairing emerging professionals with experienced leaders through personalized mentorship, the organization cultivates leadership continuity and internal community, because one-on-one engagement fosters deeper professional growth and industry retention.
- Professional Integrity and Client-First Standardsmethodology: ethical_professional_standardsBy enforcing ethical business practices, client-first conduct, and consulting neutrality, the organization enhances trust and objectivity in real estate services, because adherence to high standards improves professional credibility and client outcomes.
- Structured Learning and Knowledge Sharingmethodology: structured_learning_and_knowledge_sharingBy delivering education through structured programs, site visits, and knowledge exchange, the organization improves technical and operational performance in building management, because applied learning enhances practical expertise and industry-wide best practices.