Orlando Regional Realtor Association Inc
- Assets
- $41.4m
- Revenue
- $9.7m
- Investments
- $7.2m
- Employees
- 45
- Location
- Orlando, FL
- Founding
- 01/1965
- Data as of
- 12/2021
- EIN
- 59-0859806
Organization Overview
Orlando Regional Realtor Association Inc is located in Orlando, FL. The organization was established in 1965. 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 12/2021, Orlando Regional Realtor Association Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Regional Realtor Association 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, Orlando Regional Realtor Association Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AN ENVIRONMENT THAT ELEVATES THE PROFESSIONALISM AND EXPERIENCE OF REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND PROFESSIONAL DEVELOPMENT - OUR MEMBER'S PROFESSIONAL SUCCESS IS ONE OF THE CORE ESSENTIALS OF OUR ORGANIZATION'S MISSION AND ON THAT DIRECTION, OUR ASSOCIATION PROVIDES A YEAR- ROUND DIVERSITY OF EDUCATIONAL PROGRAMS ABOUT RISK MANAGEMENT (IDENTIFY AND MANAGE THE RISKS ASSOCIATED WITH DOING BUSINESS), FAIR HOUSING (A GUIDE TO ENSURING THAT BROKERAGES, AGENTS, AND CLIENTS ADHERE YEAR- ROUND TO THE LAWS OF FAIR HOUSING, PROTECTING CONSUMERS OF UNLAWFUL PRACTICE), REALTOR SAFETY TIPS FOR ENSURING SAFETY FOR OUR MEMBERS AND THEIR CLIENTS, DESIGNATION PROGRAMS (TO INCREASE THE SKILLS, PRODUCTIVITY, AND KNOWLEDGE OF OUR REALTOR MEMBERS), AND LICENSING AND CEU'S (FLORIDA'S LICENSING REQUIREMENTS FOR REAL ESTATE).
THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE PUBLIC AWARENESS CAMPAIGN IS FUNDED BY A 25 PER MEMBER ANNUAL ASSESSMENT THAT IS COLLECTED WITH DUES; NEW MEMBERS ARE ALSO ASSESSED 25 WITH THEIR INITIAL DUES PAYMENT. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS.
MEMBER SERVICES - SERVING APPROXIMATELY 16,000 REALTOR MEMBERS, OUR ASSOCIATION STRIVES TO BE THE COLLECTIVE LOCAL FORCE INFLUENCING AND SHAPING THE REAL ESTATE INDUSTRY. IT SEEKS TO BE THE LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY; THE ACKNOWLEDGED LEADER IN DEVELOPING STANDARDS FOR EFFICIENT, EFFECTIVE, AND ETHICAL REAL ESTATE PRACTICES; AND VALUED BY HIGHLY SKILLED REAL ESTATE PROFESSIONALS AND VIEWED BY THEM AS CRUCIAL TO THEIR SUCCESS. OUR ASSOCIATION IS WORKING ON BEHALF OF THE GREATER ORLANDO'S PROPERTY OWNERS. THE ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford Long CEO | Officer | 40 | $359,143 |
Amanda Ornelas COO | Officer | 40 | $178,500 |
Mary Kay Brickey VP | 40 | $132,551 | |
Tansey Soderstrom President | OfficerTrustee | $11,250 | |
Natalie Arrowsmith Former Presi | Officer | $11,250 | |
Lisa Hill Treasurer | OfficerTrustee | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holland & Knight Legal Services | 12/30/20 | $175,561 |
Precision Building Construction Llc Contruction Services | 12/30/20 | $548,005 |
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 | $8,635,981 |
| Investment income | $443,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $500 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $309,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,726 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,652,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,000 |
| 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. | $623,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,833,809 |
| Pension plan accruals and contributions | $113,674 |
| Other employee benefits | $389,619 |
| Payroll taxes | $229,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $439,992 |
| Fees for services: Accounting | $81,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,436 |
| Fees for services: Other | $508,065 |
| Advertising and promotion | $723,631 |
| Office expenses | $112,756 |
| Information technology | $237,211 |
| Royalties | $0 |
| Occupancy | $209,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,149,673 |
| Interest | $3,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,957 |
| Insurance | $23,392 |
| All other expenses | $652,870 |
| Total functional expenses | $10,062,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,874,830 |
| Savings and temporary cash investments | $406,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,762 |
| Prepaid expenses and deferred charges | $383,574 |
| Net Land, buildings, and equipment | $10,946,111 |
| Investments—publicly traded securities | $11,604,727 |
| Investments—other securities | $7,199,216 |
| Investments—program-related | $0 |
| Intangible assets | $4,258 |
| Other assets | $3,496,947 |
| Total assets | $41,443,880 |
| Accounts payable and accrued expenses | $4,102,824 |
| Grants payable | $0 |
| Deferred revenue | $5,480,483 |
| 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 | $988,434 |
| Other liabilities | $2,296,469 |
| Total liabilities | $12,868,210 |
| Net assets without donor restrictions | $28,575,670 |
| 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 | $41,443,880 |
Grants Awarded
Over the last fiscal year, Orlando Regional Realtor Association Inc has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: ASSIST WITH HURRICANE RELIEF | $50,000 |
Chicago, IL PURPOSE: ASSIST WITH HURRICANE RELIEF | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |