Hometown Association Of Realtors

Organization Overview

Hometown Association Of Realtors is located in Sycamore, IL. The organization was established in 1978. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 10/2021, Hometown Association Of Realtors employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hometown Association Of Realtors 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 10/2021, Hometown Association Of Realtors generated $419.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $364.3k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THIS ORGANIZATION IS TO UNITE INDIVIDUALS ENGAGED IN THE REAL ESTATE PROFESSION FURTHERING COMMON BUSINESS AND PROFESSIONAL INTEREST. THE ASSOCIATION'S NUMEROUS ACTIVITIES INCLUDE A MULTIPLE LISTING SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OTHER PROGRAM SERVICE EXPENSES INCLUDE $90,738 FROM MULTIPLE LISTING SERVICE PROGRAM THAT DOES NOT MEET THE EXEMPT FUNCTION OF THIS ORGANIZATION. VARIOUS OTHER NOMINAL EXPENSES ARE ALSO INCLUDED IN THIS AMOUNT.


THE ORGANIZATION PROVIDES CONTINUING EDUCATION TO ITS MEMBERSHIP.


THE ORGANIZATION HOLDS AN ANNUAL OUTING FOR ITS MEMBERS TO PROVIDE NETWORKING OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Wiedrich
Executive VP
$90,785
Aaron Schwartz
Treasurer
$0
Bonita Wills
President
$0
Todd Burghardt
Past President
$0
Gary Spangler
Director
$0
Larry Hall
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$237,755
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$237,755
Total Program Service Revenue$45,919
Investment income $1,526
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,695
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 $117,182
Miscellaneous Revenue$0
Total Revenue $419,077

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