Chesapeake Bay & Rivers Association Of Realtors Inc

Organization Overview

Chesapeake Bay & Rivers Association Of Realtors Inc, operating under the name Of Realtors Inc, is located in Gloucester, VA. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Of Realtors Inc generated $54.4k 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 (12.5%) each year. All expenses for the organization totaled $72.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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

THIS IS A PROFESSIONAL ASSOCIATION OF REALTORS. IT REINFORCES ETHICAL CONDUCT AND PROVIDES CONTINUING EDUCATION OF MEMBERS MONTHLY ON ALL ASPECTS OF REAL ESTATE SALES AND ENSURES RECOGNITION OF THE HIGH ETHICAL STANDARDS BY STAKEHOLDERS, CUSTOMERS AND COMMUNITY LEADERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION AND PROFESSIONAL DEVELOPMENT OF MEMBERS OF THE PROFESSIONAL ASSOCIATION. DUES FOR NATIONAL, STATE AND LOCAL ASSOCIATION ARE COLLECTED AND A PORTION IS PASSED THROUGH TO THE NATIONAL ASSOCIATION OF REALTORS, VIRGINIA ASSOCIATION OF REALTORS AND RPAC.MORE MEMBERS, OVER TIME, ARE OPTING TO PAY SEPARATELY FOR THOSE PASS THROUGH DUES. AS A RESULT, EVEN THOUGH THE BILLINGS AT THE BEGINNING OF THE CYCLE (AUGUST 1 TO JULY 31) MAY INDICATE A POTENTIALLY HIGHER INCOME, THE END RESULT IS THAT LESS PASSTHROUGH REVENUE TO NAR, VAR OR RPAC IS ACTUALLY BEING HANDLED.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Jackson
President
$0
Candace Segalini
Secretarytreasurer
$0
Theresa Ashberry
Vice President
$0
Susan Silvus
Assn Executive
$0
Shane Eller
Past President
$0
Debbie Martin
Director
$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$53,983
Investment income $420
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 $54,403

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