Central Florida Real Estate Investors Inc
- Assets
- $728.2k
- Revenue
- $226.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Orlando, FL
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 59-3117856
Organization Overview
Central Florida Real Estate Investors Inc is located in Orlando, FL. The organization was established in 2005. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Central Florida Real Estate Investors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Real Estate Investors 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, Central Florida Real Estate Investors Inc generated $226.5k 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 (11.1%) each year. All expenses for the organization totaled $240.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. 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
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR REAL ESTATE INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CFRI GENERAL MEETING HELD ON THE FIRST WEDNESDAY OF EACH MONTH AND LED BY THE CFRI PRESIDENT AND OTHER VOLUNTEERS. TYPICALLY, APPROXIMATELY 250 TO 350 MEMBERS AND GUESTS ATTEND THIS MEETING. THE MEETING STARTS OFF WITH NETWORKING. THIS IS AN INFORMAL DISCUSSION AMONG MEMBERS TO DISCUSS MARKET TRENDS, HOUSING CONDITIONS, ECONOMICS, ETC. SEVERAL MEMBERS EXPLAIN HOW THEY ACHIEVED THEIR DEALS OF THE MONTH. MEMBERS MAKE ANNOUNCEMENTS ABOUT SERVICES THEY OFFER OR PROPERTIES THEY HAVE FOR SALE. THE MAIN SPEAKER COMES ON AND MAY BE OF LOCAL OR NATIONAL RECOGNITION. THE MAIN SPEAKER WILL PROVIDE MEMBERS AND GUESTS WITH THE LATEST INFORMATION AND RESEARCH RELATED TO THE REAL ESTATE INVESTMENT AND HOUSING INDUSTRY. EXAMPLES OF TOPICS INCLUDE REAL ESTATE MARKET TRENDS, LEGAL ISSUES ENCOMPASSING THE REAL ESTATE MARKET PLACE, TAX INFORMATION PERTAINING TO REAL ESTATE ISSUES, ETC.
COUNTY SUBGROUP MEETINGS - FIVE COUNTIES SUBGROUPS (SEMINOLE, ORANGE, BREVARD, LAKE AND VOLUSIA) HAVE BEEN ESTABLISHED IN THE GREATER ORLANDO AREA THAT MEET ONCE A MONTH TO PROVIDE ADDITIONAL EDUCATION IN A MORE INTIMATE SETTING WHERE REGIONAL TOPICS CAN ALSO BE ADDRESSED, SUCH AS NEIGHBORHOOD REVITALIZATIONS, LOCAL CODES AND ORDINANCES, MARKET TRENDS, HOUSING NEEDS, ETC. EACH GROUP MEETS FOR 3 HOURS, AND FOLLOWS A SIMILAR AGENDA AS THE GENERAL MEETING. CFRI VOLUNTEERS LEAD THESE GROUPS.
CFRI FOCUS GROUPS - THERE WERE 9 DIFFERENT FOCUS GROUPS IN 2020. THESE VOLUNTEER-LED SMALL GROUPS MEET ONE TO FOUR TIMES A MONTH FOR 2-3 HOURS FOR THE PURPOSE OF OBTAINING MORE EDUCATION ON A PARTICULAR ASPECT OF REAL ESTATE INVESTING. THEY MEET IN A VARIETY OF LOCATIONS INCLUDING THE CFRI EDUCATIONAL CENTER, AND VARIOUS PUBLIC SPACES. GROUPS INCLUDE: TAX-DEFERRED REAL ESTATE INVESTMENTS, EXPERIENCED INVESTORS, PRIVATE MONEY, MONEY 101, QUICK TURN REAL ESTATE, LATIN BEAT, MARKETING TECHNIQUES FOR INVESTORS, REAL ESTATE INVESTMENT TECHNIQUES, COMMERCIAL & LAND DEVELOPMENT, BUSINESS & TAX STRATEGIES, QUICK START, WOMEN INVESTORS AND REAL ESTATE INVESTING 101.
SEMINARS - CFRI RECEIVED THE APPROVAL OF THE NATIONAL REAL ESTATE INVESTORS ASSOCIATION TO OFFER PROGRAM CREDITS ON ALL SEMINARS TOWARDS NATIONAL REIA PROFESSIONAL HOUSING PROVIDER CERTIFICATION PROGRAM. IN 2018, THERE WERE APPROXIMATELY 4 SEMINARS HELD PER MONTH FOR A TOTAL OF APPROXIMATLEY 48 SEMINARS DURING THE YEAR. FULL DAY SEMINARS WERE HELD ON SATURDAY OR SUNDAY AND 3 HOUR SEMINARS WERE HELD ON WEEK-NIGHTS. SEMINARS WERE OPENED BY AN AUTHORIZED SPOKESPERSON THAT IS USUALLY AN OFFICER OR EMPLOYEE OF THE ORGANIZATION. THE MAIN SPEAKER(S) THEN EXPAND ON TOPICS INTRODUCED AT THE GENERAL MEETING OR OTHER REAL ESTATE INVESTMENT TOPICS INCLUDING: FORECLOSURES, SHORT SALES, FINANCING, AVOIDING MORTGAGE FRAUD, LAND TRUSTS, ASSET PROTECTION, TAX EDUCATION, HOME INSPECTIONS, CONTRACTS, LANDLORDING, REHABBING, WHOLESALING, FINDING PROPERTIES, PROPERTY MANAGEMENT, MARKETING AND NEGOTIATIONS, ETC. SEMINARS ARE HELD AT THE CFRI EDUCATIONAL CENTER IN CASSELBERRY, FLORIDA.JUNKERS TO JEWELS WORKSHOP & BUS TRIP - 2-1/2 DAY EVENT HELD THREE TIMES A YEAR IN SPRING, SUMMER, AND FALL. THIS EVENT IS CONDUCTED BY VOLUNTEERS TO HELP INVESTORS LEARN BASIC CONCEPTS OF REAL ESTATE INVESTING INCLUDING: CONTRACTS, FINDING PROPERTIES, EVALUATING PROPERTIES, ESTIMATING REHAB COSTS, FINDING BUYERS, MARKETING TECHNIQUES. THIS EVENT EDUCATES PARTICIPANTS ON HOW TO HELP REVITALIZE HOUSING STOCK IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Paulauski Executive Director | Officer | 40 | $110,610 |
Steven Young Vice President | OfficerTrustee | 2 | $0 |
Jay Spann President | OfficerTrustee | 2 | $0 |
Greg Bond Treasurer | OfficerTrustee | 2 | $0 |
Chad Schultz Secretary | OfficerTrustee | 2 | $0 |
Mark Johnston Focus Groups Director | Trustee | 2 | $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 | $183,708 |
| Investment income | $2,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,613 |
| 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 | $226,469 |
| 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. | $121,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486 |
| Advertising and promotion | $675 |
| Office expenses | $10,280 |
| Information technology | $3,741 |
| Royalties | $0 |
| Occupancy | $43,557 |
| Travel | $93 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,334 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,700 |
| All other expenses | $0 |
| Total functional expenses | $240,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,904 |
| Savings and temporary cash investments | $676,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $728,187 |
| Accounts payable and accrued expenses | $58 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $58 |
| Net assets without donor restrictions | $728,129 |
| 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 | $728,187 |
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Central Florida Real Estate Investors Inc Orlando, FL | $728,187 | $226,469 |