Blue Ridge Association Of Realtors
- Assets
- $969.1k
- Revenue
- $358.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Winchester, VA
- Founding
- Data as of
- 12/2021
- EIN
- 54-1021764
Organization Overview
Blue Ridge Association Of Realtors is located in Winchester, VA. As of 12/2021, Blue Ridge Association Of Realtors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge 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, Blue Ridge Association Of Realtors generated $358.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $362.9k 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
THE BLUE RIDGE ASSOCIATION OF REALTORS WILL ADVOCATE FOR PROPERTY RIGHTS AND BE THE VOICE OF REAL ESTATE FOR THE MEMBER AND CONSUMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A FACILITY FOR EDUCATION, RESEARCH AND EXCHANGE OF INFORMATION FOR THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE BUSINESS, INCLUDING BROKERAGE, MANAGEMENT, MORTGAGE FINANCING, APPRAISING, COUNSELING, LAND DEVELOPMENT AND BUILDING, AND EDUCATION AND RESERACH IN REAL ESTATE, FOR THE PURPOSE OF RAISING THE STANDARDS OF REAL ESTATE PRACTICE AND PRESERVING THE RIGHT OF PROPERTY OWNERSHIP IN THE INTEREST OF THE PUBLIC WELFARE THROUGH EDUCATION AND COMMUNITY WIDE EVENTS.
TO HELP PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE TRANSACTION OF THE REAL ESTATE BUSINESSES BY OFFERING REAL ESTATE MANDATED CONTINUING EDUCATION FOR REAL ESTATE LICENSER, PROFESSIONAL DESIGNATION, AND CODE OF ETHICS CLASSES. OUR ASSOCIATION PLANS AND EXECUTES APPROXIMATELY 32 CLASSES PER YEAR (FOUR A MONTH) WITH THE ASSISTANCE OF THE EDUCATION COMMITTEE AND OUR REAL ESTATE SCHOOL. CLASSES RANGE ANYWHERE FROM AN HOUR AND HALF TO SIX HOURS OF INSTRUCTIONAL TIME IN ONE DAY.
HELD COMMUNITY-WIDE EVENTS TO INFORM THE PUBLIC OF THE ADVANTAGES OF TRANSACTING BUSINESS WITH REALTORS, AND TO ENCOURAGE THE USE BY MEMBERS OF THE TERM RELATOR AND THE EMBLEM SEAL. BY WORKING WITH OUR COMMUNITY PARTNERS SUCH AS CHAMBERS OF COMMERCE, AND BUILDERS ASSOCIATION ON COMMUNITY-WIDE EVENTS SUCH AS ECONOMIC SUMMIT, STATE OF THE REGION SUMMIT, WE ADVOCATE FOR PRESERVING THE RIGHT OF PROPERTY OWNERSHIP IN THE INTEREST OF THE PUBLIC WELFARE. THE ACTIVITIES ARE PLANNED AND EXECUTED WITH THE HELP OF THE EVENTS COMMITTEE AND OUR COMMUNITY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Silva Past Chief Executive Officer | Officer | 40 | $74,842 |
Karen Fried Interim Chief Executive Officer | Officer | 40 | $57,492 |
Don O'wade Secretary/treasurer | OfficerTrustee | 1 | $0 |
Meghan Pachas Vice President | OfficerTrustee | 1 | $0 |
Tim Shamblin President | OfficerTrustee | 1 | $0 |
Traci Shoberg President Elect | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $317,271 |
| Investment income | $18,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,915 |
| 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 | $4,134 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,484 |
| 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. | $104,514 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,751 |
| Payroll taxes | $11,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,638 |
| Fees for services: Accounting | $9,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,401 |
| Advertising and promotion | $489 |
| Office expenses | $7,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,580 |
| Travel | $348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,807 |
| Insurance | $2,628 |
| All other expenses | $18,329 |
| Total functional expenses | $362,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,728 |
| Savings and temporary cash investments | $495,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,283 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $155,864 |
| Investments—publicly traded securities | $127,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $969,140 |
| Accounts payable and accrued expenses | $12,335 |
| Grants payable | $0 |
| Deferred revenue | $245,285 |
| 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 | $257,620 |
| Net assets without donor restrictions | $711,520 |
| 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 | $969,140 |
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