Charlotte Regional Realtor Association Inc
- Assets
- $55.3m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Charlotte, NC
- Founding
- 02/1962
- Data as of
- 12/2022
- EIN
- 56-0174058
Organization Overview
Charlotte Regional Realtor Association Inc, operating under the name Canopy Realtor Association, is located in Charlotte, NC. The organization was established in 1962. 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 12/2022, Canopy Realtor Association employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canopy Realtor Association 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 12/2022, Canopy Realtor Association generated $12.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $9.4m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ADVANCING THE PROFESSION AND IMPROVING OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRRA PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH ITS CANOPY REAL ESTATE INSTITUTE SCHOOL. THE SCHOOL OFFERS A VARIETY OF NC REAL ESTATE COMMISSION APPROVED PRE-LICENSING AND POST-LICENSING CONTINUING EDUCATION AND PROFESSIONAL DESIGNATION COURSES FOR ITS MEMBERS. CRRA ALSO PROVIDES A VARIETY OF ADDITIONAL EDUCATIONAL PROGRAMS FREE TO MEMBERS, SUCH AS ITS REALTOR(R) HOT TOPICS AND BROKER BRIEFINGS SEMINARS, ON PERTINENT ISSUES AFFECTING MEMBERS AND THEIR BUSINESS.
CRRA PROVIDES LOCAL ADVOCACY BY BEING THE COLLECTIVE VOICE FOR LOCAL REALTORS(R), HOMEBUYERS, AND SELLERS. CRRA KEEPS MEMBERS INFORMED OF, AND COORDINATES INVOLVEMENT IN SUPPORT OR OPPOSITION OF, LEGISLATIVE AND/OR REGULATORY POLICIES AND ACTIONS THAT IMPACT THE HOME BUYING AND SELLING PROCESS AS WELL AS THE WAY MEMBERS DO BUSINESS.
CRRA PROVIDES GRIEVANCE AND PROFESSIONAL STANDARDS SERVICES TO ENFORCE THE HIGH STANDARDS OF CONDUCT EXPECTED FROM REALTOR(R) MEMBERS. CRRA PROVIDES A PROCESS WHERE MEMBERS AND THE GENERAL PUBLIC CAN FILE A COMPLAINT AGAINST A REALTOR(R) FOR VIOLATION OF THE NATIONAL ASSOCIATION OF REALTORS(R) CODE OF ETHICS OR FOR AN ARBITRATION DISPUTE. COMPLAINTS ARE HEARD BY THE GRIEVANCE COMMITTEE, AND IF DETERMINED TO HAVE MERIT, GO FORWARD FOR A HEARING BY THE PROFESSIONAL STANDARDS COMMITTEE. IN LIEU OF AN ARBITRATION HEARING, MEDIATION SERVICES ARE AVAILABLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kennedy Past President | OfficerTrustee | 5 | $9,000 |
Lee Allen President | OfficerTrustee | 5 | $12,000 |
Cindi Hastings Director | Trustee | 1.5 | $0 |
Charisma Dockery-Smith Secretary | OfficerTrustee | 5 | $2,000 |
Allen Dargins Director | Trustee | 1.5 | $0 |
Magda Esola Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexsen Pruett Llc Legal Fees | 12/30/19 | $200,032 |
Pappas Properties Bulding Construction | 12/30/19 | $2,338,608 |
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 | $3,727,511 |
| Investment income | $79,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $363,069 |
| 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 | $8,313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,190,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $296,909 |
| 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. | $1,420,335 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,971,488 |
| Pension plan accruals and contributions | $112,550 |
| Other employee benefits | $788,684 |
| Payroll taxes | $311,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,205 |
| Fees for services: Accounting | $82,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $314,504 |
| Office expenses | $149,485 |
| Information technology | $367,081 |
| Royalties | $0 |
| Occupancy | $441,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,952 |
| Interest | $37,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,678 |
| Insurance | $68,747 |
| All other expenses | $101,796 |
| Total functional expenses | $9,393,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,306,666 |
| Savings and temporary cash investments | $1,316,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $129,939 |
| Prepaid expenses and deferred charges | $211,335 |
| Net Land, buildings, and equipment | $21,724,280 |
| Investments—publicly traded securities | $3,283,046 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $315,000 |
| Other assets | $23,989,061 |
| Total assets | $55,306,678 |
| Accounts payable and accrued expenses | $348,339 |
| Grants payable | $0 |
| Deferred revenue | $1,281,409 |
| 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 | $1,951,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,521 |
| Total liabilities | $3,676,094 |
| Net assets without donor restrictions | $51,630,584 |
| 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 | $55,306,678 |
Grants Awarded
Over the last fiscal year, Charlotte Regional Realtor Association Inc has awarded $477,684 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE REGIONAL REALTOR ASSOC HOUSING OPPORTUNITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $277,684 |
UNITED WAY OF HAYWOOD COUNTY PURPOSE: HAYWOOD COUNTY FLOOD RELIEF EFFORTS | $150,000 |
MOUNTAIN PROJECTS INC PURPOSE: HAYWOOD COUNTY FLOOD RELIEF EFFORTS | $50,000 |