Northwest Louisiana Association Of Realtors
- Assets
- $1.5m
- Revenue
- $612.3k
- Investments
- $403.9k
- Employees
- 6
- Location
- Shreveport, LA
- Founding
- 08/1948
- Data as of
- 12/2021
- EIN
- 72-0453576
Organization Overview
Northwest Louisiana Association Of Realtors is located in Shreveport, LA. The organization was established in 1948. 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. As of 12/2021, Northwest Louisiana Association Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Louisiana Association Of Realtors 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, Northwest Louisiana Association Of Realtors generated $612.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $711.6k during the year ending 12/2021. 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
NWLAR IS THE LEADING PROVIDER OF SERVICES AND PRODUCTS TO ENHANCE THE PERFORMANCE, PROFESSIONALISM AND PROFITABILITY OF ITS MEMBERS AND THE LOCAL ADVOCATE FOR PRIVATE PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE TRADITIONALLY ONE OF THE LARGEST PROVIDER OF REAL ESTATE CONTINUING EDUCATION IN LOUISIANA, PROVIDING MORE THAN 10,000 FREE CE HOURS TO OUR MEMBERS.
WE ARE TRADITIONALLY ONE OF THE MOST SUCCESSFUL ADVOCACY GROUPS WORKING FOR PRIVATE PROPERTY RIGHTS, REAL ESTATE PROFESSIONALS AND EDUCATING OUR MEMBERS ON KEY INDUSTRY ISSUES AND CONCERNS.
WE PROVIDED ELECTRONIC FORMS FOR REAL ESTATE PROFESSIONALS TO HELP FACILITATE MORE THAN 6,000 TRANSACTIONS DONE BY MEMBERS THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Scott Hughes Association Executive | Officer | 25 | $102,115 |
Shelly Wagner Mls Representative | Officer | 5 | $0 |
Rose Mclane Cid President | Officer | 5 | $0 |
Misty Ingersoll President | Officer | 5 | $0 |
Theresa Miller Past President | Officer | 5 | $0 |
Debra Lindsey Secretary-Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $269,962 |
| 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 | $269,962 |
| Total Program Service Revenue | $343,533 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$17,605 |
| 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 | $612,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,564 |
| 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. | $102,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,197 |
| Pension plan accruals and contributions | $9,548 |
| Other employee benefits | $60,097 |
| Payroll taxes | $25,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,024 |
| Information technology | $38,256 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,469 |
| Insurance | $13,279 |
| All other expenses | $2,046 |
| Total functional expenses | $711,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,228 |
| Savings and temporary cash investments | $462,119 |
| 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 | $383,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $403,944 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,600 |
| Total assets | $1,461,654 |
| Accounts payable and accrued expenses | $1,046 |
| Grants payable | $0 |
| Deferred revenue | $267,233 |
| 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 | $268,279 |
| Net assets without donor restrictions | $1,178,965 |
| Net assets with donor restrictions | $14,410 |
| 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 | $1,461,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Louisiana Association Of Realtors has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
West Virginia Realtors Relief Fund Inc Charleston, WV PURPOSE: FLOOD RELIEF | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Ebr Medical Facilities Inc New Orleans, LA | $60,955,683 | $6,389,401 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Ocf Medical Facilities Inc New Orleans, LA | $46,999,065 | $6,205,815 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |
Jtvp Corporation Houston, TX | $44,960,322 | $2,264,005 |
Nochi Real Estate Inc New Orleans, LA | $19,922,264 | $1,302,004 |