Three Rivers Association Of Realtors Inc
- Assets
- $484.0k
- Revenue
- $551.5k
- Investments
- $100.0
- Employees
- 5
- Location
- Joliet, IL
- Founding
- 04/1976
- Data as of
- 09/2022
- EIN
- 36-2812883
Organization Overview
Three Rivers Association Of Realtors Inc is located in Joliet, IL. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Three Rivers Association Of Realtors Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers Association Of Realtors Inc 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 09/2022, Three Rivers Association Of Realtors Inc generated $551.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $609.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF REAL ESTATE IN ORDER TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AND TO FURTHER THE INTEREST OF HOME AND OTHER REAL ESTATE OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONTINUING EDUCATIONAL CLASSES FOR THE MEMBERSHIP TO MAINTAIN REQUIRED SKILLS.
PROVIDE THE MEMBERSHIP WITH VARIOUS SUPPORTING SERVICES AND MATERIALS TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION.
PROVIDE ACCESS TO MULTIPLE LISTING SERVICES WITHIN THE WILL AND GRUNDY COUNTY AREAS FOR ITS MEMBERSHIP. (THIS PROGRAM IS CONSIDERED TO BE UNRELATED BUSINESS INCOME.)
REALTOR BOARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Burns C.e.o | Officer | 40 | $100,000 |
Rhonda Altman President | OfficerTrustee | 8 | $625 |
Judy Panozzo Secretary/tr | OfficerTrustee | 8 | $0 |
Justin Mclaughlin President El | OfficerTrustee | 8 | $0 |
Sara Reiss Director | Trustee | 2 | $0 |
Matt Rittof Director | Trustee | 2 | $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 | $49,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,725 |
| Total Program Service Revenue | $245,200 |
| Investment income | $180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $231,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,491 |
| 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 | $273,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,078 |
| Fees for services: Accounting | $9,232 |
| 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 | $7,144 |
| Information technology | $23,643 |
| 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 | $70,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,835 |
| Insurance | $7,073 |
| All other expenses | $74,320 |
| Total functional expenses | $609,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $343,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,674 |
| Prepaid expenses and deferred charges | $4,487 |
| Net Land, buildings, and equipment | $118,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,020 |
| Accounts payable and accrued expenses | $5,027 |
| Grants payable | $0 |
| Deferred revenue | $104,544 |
| 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 | $22,059 |
| Total liabilities | $131,630 |
| Net assets without donor restrictions | $352,390 |
| 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 | $484,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |