West And Southeast Realtors Of The Valley Inc
- Assets
- $15.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Chandler, AZ
- Founding
- 11/1969
- Data as of
- 12/2022
- EIN
- 86-0214078
Organization Overview
West And Southeast Realtors Of The Valley Inc, operating under the name Weserv, is located in Chandler, AZ. The organization was established in 1969. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Weserv employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weserv 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, Weserv generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 4 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
TO PROVIDE SERVICES THAT LEAD TO MEMBER PROSPERITY UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION, PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT WITHIN THE PROFESSION, AND FURTHER THE INTERESTS OF PROPERTY OWNERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WE RELOCATED OUR PINAL OPERATIONS TO A MORE CENTRAL AREA, CONVENIENT FOR THE MEMBERS OF PINAL COUNTY. WE DISTRIBUTED 240 LOCKBOXES TO THE COMMUNITY SENIOR LOCKBOX PROGRAM IN FOUR ARIZONA COUNTIES. WE AWARDED 8 ARIZONA STUDENTS COLLEGE SCHOLARSHIPS AND PARTNERED WITH THE BOYS AND GIRLS CLUB ON A FUNDRAISER TO SUPPORT THEIR EFFORTS. WE PROVIDED PROFESSIONAL STANDARDS ENFORCEMENT, MEDIATION, OMBUDSMAN SERVICES, PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND CONDUCTED AND PROMOTED A REALTOR SAFETY ACTIVITY FOR OUR MEMBERS. WE PUBLISHED CURRENT REAL ESTATE DATA TO OUR MEMBERS AND NEWS OUTLETS AND ENCOURAGED MEMBERS TO VOTE IN THE UPCOMING ELECTIONS. WESERV IS THE 5TH LARGEST LOCAL ASSOCIATION IN THE UNITED STATES. WE ARE ONE OF THE FEW LOCAL REALTOR ASSOCIATIONS THAT PROVIDE CONTINUING EDUCATION AND PROFESSIONAL STANDARDS SERVICES TO OUR MEMBERS AT NO EXTRA COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Nelson CEO | Officer | 40 | $332,150 |
Pamela Frestedt COO | Officer | 40 | $201,670 |
Maribel Garcia VP Technology Asset Mgt | 40 | $111,364 | |
Tonya Deskins VP Member Services | 40 | $111,048 | |
Donna King VP Of Finance Human Resources | 40 | $111,450 | |
Gary Fenton President | OfficerTrustee | 1 | $3,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,146 |
| Related organizations | $0 |
| Government grants | $193,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,559 |
| Noncash contributions included in lines 1a–1f | $11,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,640 |
| Total Program Service Revenue | $4,302,405 |
| Investment income | $280,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$304,722 |
| Net Gain/Loss on Asset Sales | $119,835 |
| Net Income from Fundraising Events | -$7,162 |
| Net Income from Gaming Activities | $26,294 |
| Net Income from Sales of Inventory | $69,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,818,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,105 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $615,279 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $119,730 |
| Other salaries and wages | $1,483,951 |
| Pension plan accruals and contributions | $40,018 |
| Other employee benefits | $207,581 |
| Payroll taxes | $146,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,575 |
| Fees for services: Accounting | $14,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,097 |
| Fees for services: Other | $256,330 |
| Advertising and promotion | $63,892 |
| Office expenses | $195,383 |
| Information technology | $333,243 |
| Royalties | $20,320 |
| Occupancy | $141,076 |
| Travel | $209,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $232,897 |
| Interest | $93,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $544,515 |
| Insurance | $12,356 |
| All other expenses | $0 |
| Total functional expenses | $4,621,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,775 |
| Savings and temporary cash investments | $2,801,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,002 |
| Prepaid expenses and deferred charges | $119,284 |
| Net Land, buildings, and equipment | $9,580,970 |
| Investments—publicly traded securities | $2,148,386 |
| Investments—other securities | $0 |
| Investments—program-related | $2,000 |
| Intangible assets | $0 |
| Other assets | $155,570 |
| Total assets | $15,494,286 |
| Accounts payable and accrued expenses | $369,295 |
| Grants payable | $0 |
| Deferred revenue | $1,408,590 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,453 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,401,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,203,977 |
| Net assets without donor restrictions | $9,290,309 |
| 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 | $15,494,286 |
Grants Awarded
Over the last fiscal year, West And Southeast Realtors Of The Valley Inc has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ACTION HUMAN RESOURCES AGENCY PURPOSE: Casa Grande Homeless Shelter | $7,000 |
REALTORS OF ARIZONA POLITICAL ACTION COMMITTEE PURPOSE: PAC Administration | $10,000 |