Association Of Real Estate Owned Managers
- Assets
- $464.1k
- Revenue
- $376.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 33-0168530
Organization Overview
Association Of Real Estate Owned Managers is located in Pensacola, FL. The organization was established in 1988. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Real Estate Owned Managers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Association Of Real Estate Owned Managers generated $376.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $358.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO EDUCATING THE LENDING AND REAL ESTATE COMMUNITY IN THE AREAS OF ASSET MANAGEMENT AND LOSS MITIGATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Cutrona Director | OfficerTrustee | 1 | $0 |
Mark Paniccia President | OfficerTrustee | 1 | $0 |
Andrew Oliverson Vice Preside | OfficerTrustee | 1 | $0 |
Stephanie See Secretary | OfficerTrustee | 1 | $0 |
Donna Laporte Advocacy Co | OfficerTrustee | 1 | $0 |
Erik Sellfors Advocacy Co | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287 |
| Total Program Service Revenue | $376,049 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $183,603 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,317 |
| Total functional expenses | $358,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,070 |
| Savings and temporary cash investments | $347,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,048 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,087 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $57,974 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,974 |
| Net assets without donor restrictions | $406,113 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $464,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Atlanta Home Builders Association Inc Atlanta, GA | $2,099,399 | $1,943,083 |
Greater Birmingham Association Of Home Builders Birmingham, AL | $2,470,065 | $1,460,469 |
National Property Management Association Atlanta, GA | $1,900,437 | $1,089,769 |
Realtors Of Punta Gorda Port Charlotte North Port Desoto Inc Port Charlotte, FL | $1,538,822 | $1,461,831 |
Baldwin County Assoc Of Realtors Robertsdale, AL | $6,364,960 | $1,529,077 |
Lakeland Association Of Realtors Lakeland, FL | $2,655,515 | $1,043,502 |
Montgomery Area Association Of Realtors Montgomery, AL | $4,209,450 | $856,263 |
Ocala-Marion County Association Of Realtors Ocala, FL | $5,236,729 | $891,502 |
Florida Ccim Chapter Of The Realtors National Marketing Instit Miami, FL | $758,496 | $466,608 |
Home Builders Association Of Savannah Savannah, GA | $1,026,746 | $435,664 |
Alabama Association Of Housing And Redevelopment Authorities Panama City Beach, FL | $360,812 | $370,776 |
Association Of Real Estate Owned Managers Pensacola, FL | $464,087 | $376,386 |