Greater Las Vegas Association Of Realtors
- Assets
- $41.4m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Las Vegas, NV
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 88-0109016
Organization Overview
Greater Las Vegas Association Of Realtors, operating under the name Las Vegas Realtors, is located in Las Vegas, NV. The organization was established in 2017. 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, Las Vegas Realtors employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas 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, Las Vegas Realtors generated $13.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $7.9m 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
THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Divecchio See Sch O CEO | Officer | 30 | $349,679 |
Stephanie Hill See Sch O Mls/calv Dir | Officer | 10 | $170,995 |
Daniel Harris See Sch O Cio | 30 | $158,869 | |
Gloria Johnson See Sch O Controller | Officer | 30 | $154,039 |
Donna Andrews See Sch O COO | 30 | $148,225 | |
Krista Baker See Sch O Membership D | 30 | $128,043 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson Elser Moskowitz Eldman Legal | 12/30/20 | $240,421 |
Robertson Partners Advertising | 12/30/20 | $449,170 |
Techvanta Llc It | 12/30/20 | $190,867 |
Bp Advertising Advertising | 12/30/20 | $126,000 |
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 | $10,274,632 |
| Investment income | $2,587,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,017 |
| 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 | $470,607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,529,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,000 |
| 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. | $785,719 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $827,532 |
| Pension plan accruals and contributions | $186,898 |
| Other employee benefits | $262,256 |
| Payroll taxes | $271,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,358 |
| Fees for services: Accounting | $162,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,325 |
| Fees for services: Other | $389,885 |
| Advertising and promotion | $681,411 |
| Office expenses | $761,745 |
| Information technology | $126,980 |
| Royalties | $0 |
| Occupancy | $503,311 |
| Travel | $600,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,063 |
| Interest | $441,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $546,000 |
| Insurance | $72,057 |
| All other expenses | -$1,124,423 |
| Total functional expenses | $7,933,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,590 |
| Savings and temporary cash investments | $15,381,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,550 |
| Prepaid expenses and deferred charges | $442,055 |
| Net Land, buildings, and equipment | $12,974,272 |
| Investments—publicly traded securities | $11,063,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,416,661 |
| Accounts payable and accrued expenses | $445,387 |
| Grants payable | $0 |
| Deferred revenue | $4,633,838 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,361,626 |
| Secured mortgages and notes payable | $8,735,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $860,631 |
| Total liabilities | $19,037,408 |
| Net assets without donor restrictions | $22,379,253 |
| 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 | $41,416,661 |
Grants Awarded
Over the last fiscal year, Greater Las Vegas Association Of Realtors has awarded $67,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: CHARITABLE | $32,000 |
Las Vegas, NV PURPOSE: CHARITABLE | $25,000 |
Chicago, IL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
550 Corporate Center Investment Group Inc El Segundo, CA | $123,957,933 | $9,348,795 |
National Associaton Of Hispanic Real Estate Professionals San Diego, CA | $3,754,334 | $9,140,386 |
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Pasadena Gateway Willas Corporation Pasadena, CA | $583,745,665 | $12,743,337 |
Tmt Tapestry Naperville Inc San Francisco, CA | $84,971,977 | $6,744,374 |
Tmt Park Bridge Inc San Francisco, CA | $97,828,411 | $6,399,295 |
1541 And 1545 Wilshire Seiu 721 Holdings Llc Los Angeles, CA | $47,586,913 | $3,458,952 |
Tmt Arbors At Fair Lakes Apartments Inc San Francisco, CA | $98,381,662 | $6,062,685 |
Tmt Pointe Plaza Inc San Francisco, CA | $52,280,975 | $4,024,011 |
Marshall Square Investment Groupinc El Segundo, CA | $178,044,342 | $8,052,426 |
Fmf Realty Corp Santa Monica, CA | $13,864,181 | $3,655,320 |
Tmt Queen Anne Square Inc San Francisco, CA | $55,215,259 | $4,453,993 |