West Virginia Association Of Realtors Inc
- Assets
- $1.4m
- Revenue
- $957.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Charleston, WV
- Founding
- 09/1970
- Data as of
- 12/2021
- EIN
- 23-7064652
Organization Overview
West Virginia Association Of Realtors Inc is located in Charleston, WV. The organization was established in 1970. 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, West Virginia Association Of Realtors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia 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 12/2021, West Virginia Association Of Realtors Inc generated $957.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $767.1k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO UNITE MEMBER BOARDS OF REALTORS AND THEIR MEMBERS IN THE STATE OF WEST VIRGINIA FOR THE PURPOSE OF EFFECTIVELY EXERTING A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE, TO ELEVATE THE STANDARDS OF PROFESSIONAL CONDUCT OF PERSONS ENGAGED THEREIN, TO PROTECT THE PUBLIC AGAINST UNETHICAL PRACTICE AND PROMOTE THE WELFARE OF REAL ESTATE OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS, PROGRAMS, AND SEMINARS TO PROVIDE TRAINING IN REAL ESTATE REGULATIONS AND PRACTICE.
NEWSLETTERS, MAGAZINES, MEMORANDUM AND SPECIFIC PUBLICATIONS TO INFORM AND EDUCATE MEMBERS IN REAL ESTATE REGULATION AND PRACTICE.
ADMINISTRATION OF CODE OF PROFESSIONAL PRACTICE AND THE COORDINATION OF LOCAL ASSOCIATION ACTIVITIES AND INTERESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Joseph CEO | Officer | 40 | $204,464 |
Amy White President | OfficerTrustee | 0 | $0 |
Mark Mansour Treasurer | OfficerTrustee | 0 | $0 |
Kathy Martin Secretary | OfficerTrustee | 0 | $0 |
Toni Carone Vice President | OfficerTrustee | 0 | $0 |
Jeff Maddox Immediate Past President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,375 |
| 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 | $59,375 |
| Total Program Service Revenue | $866,097 |
| Investment income | $14,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $18 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $957,694 |
| 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. | $204,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,795 |
| Fees for services: Accounting | $53,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,397 |
| Advertising and promotion | $500 |
| Office expenses | $33,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,560 |
| Travel | $58,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,743 |
| Insurance | $5,192 |
| All other expenses | $0 |
| Total functional expenses | $767,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,021,719 |
| Savings and temporary cash investments | $250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,181 |
| Prepaid expenses and deferred charges | $10,575 |
| Net Land, buildings, and equipment | $4,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $304,452 |
| Total assets | $1,384,684 |
| Accounts payable and accrued expenses | $71,114 |
| Grants payable | $0 |
| Deferred revenue | $232,375 |
| 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 | $303,489 |
| Net assets without donor restrictions | $1,081,195 |
| 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 | $1,384,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Virginia Association Of Realtors Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Maryland Association Of Realtors Inc Annapolis, MD PURPOSE: FLOOD DISASTER RELIEF | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mpb Inc Norfolk, VA | $396,978,838 | $58,868,450 |
Strs Ohio Tx Real Estate Investments Inc Columbus, OH | $220,303,180 | $20,609,768 |
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Vertex Non Profit Holdings Inc Fairmont, WV | $32,441,063 | $3,635,457 |
Columbus Association Of Realtors Columbus, OH | $9,934,028 | $6,554,174 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
River Park Community Corp Dayton, OH | $44,515,596 | $4,317,871 |
K C Club Inc State College, PA | $0 | $1,561,572 |