Virginia Peninsula Association Of Realtors
- Assets
- $3.8m
- Revenue
- $823.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Hampton, VA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 54-0647947
Organization Overview
Virginia Peninsula Association Of Realtors is located in Hampton, VA. The organization was established in 1999. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Virginia Peninsula Association Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Peninsula 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 12/2021, Virginia Peninsula Association Of Realtors generated $823.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $785.2k during the year ending 12/2021. 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
PROVIDE INFORMATION/EDUCATION SERVICES TO MEMBERS AND PROMOTE HIGH PROFESSIONAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VARIOUS MEMBER INFORMATION SERVICES
ENHANCE MEMBER PROFESSIONAL STANDARDS
PROVIDE HIGH QUALITY TRAINING AND EDUCATION TO REALTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wetzel CEO | Officer | 40 | $87,634 |
Kaera Mims President Elect | OfficerTrustee | 1 | $0 |
Lindsay Pennington Immediate Past President | OfficerTrustee | 1 | $0 |
Sandra Hood President | OfficerTrustee | 1 | $0 |
Russell Skidmore Treasurer | OfficerTrustee | 1 | $0 |
Ruby Conn Board Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $790,474 |
| Investment income | $8,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,615 |
| Net Gain/Loss on Asset Sales | $9,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $823,482 |
| 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. | $95,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,715 |
| Pension plan accruals and contributions | $3,040 |
| Other employee benefits | $16,437 |
| Payroll taxes | $15,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,080 |
| Fees for services: Lobbying | $42,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,976 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,522 |
| Information technology | $182,753 |
| Royalties | $0 |
| Occupancy | $133,619 |
| Travel | $10,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,567 |
| Insurance | $0 |
| All other expenses | -$14,297 |
| Total functional expenses | $785,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,167 |
| Savings and temporary cash investments | $221,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,710 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,885,892 |
| Investments—publicly traded securities | $289,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,135 |
| Total assets | $3,755,603 |
| Accounts payable and accrued expenses | $81,717 |
| Grants payable | $0 |
| Deferred revenue | $395,377 |
| 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 | $2,308,718 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,393 |
| Total liabilities | $2,868,205 |
| Net assets without donor restrictions | $0 |
| 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 | $887,398 |
| Total liabilities and net assets/fund balances | $3,755,603 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Peninsula Association Of Realtors has recieved totaling $5,700.
| Awarding Organization | Amount |
|---|---|
Virginia Real Estate Education Foundation Glen Allen, VA PURPOSE: SUPPORT EDUCATIONAL REAL ESTATE PROGRAMS AND ACTIVITIES | $5,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mpb Inc Norfolk, VA | $396,978,838 | $58,868,450 |
Community Capital Corporation - Sonia Gutierrez Campus Washington, DC | $0 | $6,304,492 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Vertex Non Profit Holdings Inc Fairmont, WV | $32,441,063 | $3,635,457 |
1800 Massachusetts Avenue Corp Washington, DC | $77,332,269 | $5,465,941 |
Rancho Cucamonga Ii Inc Charlotte, NC | $253,822,278 | $8,749,351 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Longleaf Pine Realtors Inc Fayetteville, NC | $7,914,934 | $3,962,762 |
Boscobel Heights Development Company Inc Nashville, TN | $26,913,589 | $950,458 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |
Greater Baltimore Board Of Realtors Inc Lutherville Timonium, MD | $9,621,072 | $2,245,768 |