Chattanooga Association Of Realtors Inc
- Assets
- $0.0
- Revenue
- $268.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 05/2016
- EIN
- 62-0649503
Organization Overview
Chattanooga Association Of Realtors Inc is located in Chattanooga, TN. Chattanooga Association 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 05/2016, Chattanooga Association Of Realtors Inc generated $268.1k 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 (39.7%) each year. All expenses for the organization totaled $256.2k during the year ending 05/2016. As we would expect to see with falling revenues, expenses have declined by (36.8%) per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SERVICE AND EDUCATION TO ABOUT 1663 REAL ESTATE PROFESSIONAL ENGAGED IN EVERY ASPECT OF REAL ESTATE THROUGHOUT SOUTHEAST TENNESSEE AND NORTHWEST GEORGIA. THIS ORGANIZATION GIVES ACCESS TO ALL RELEVANT INFORMATION ON PROPERTIES LISTED FOR SALE OR RECENTLY SOLD. EDUCATION IS CONDUCTED TO ENABLE MEMBERS TO MAINTAIN OR IMPROVE SKILLS OR REQUIREMENTS FOR LICENSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SERVICE AND EDUCATION TO REALTOR MEMBERS, AND PROMOTE PROFESSIONAL STANDARDS THROUGHOUT THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Walldorf President | OfficerTrustee | 2 | $0 |
Jennie Brockman Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Mark Hite President-Elect | OfficerTrustee | 2 | $0 |
Carol Seal CEO Exec Vice President | Officer | 40 | $0 |
Vicki Trapp Director | Trustee | 2 | $0 |
Brenda Pargeon 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 | $234,652 |
| Investment income | $2,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,716 |
| Net Gain/Loss on Asset Sales | -$5,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,008 |
| Fees for services: Accounting | $9,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,420 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,192 |
| Office expenses | $3,274 |
| Information technology | $2,252 |
| Royalties | $0 |
| Occupancy | $28,740 |
| Travel | $5,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,208 |
| Interest | $1,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,000 |
| Insurance | $2,144 |
| All other expenses | $976 |
| Total functional expenses | $256,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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