Delaware Association Of Realtors
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Dover, DE
- Founding
- 09/1967
- Data as of
- 12/2022
- EIN
- 51-0104520
Organization Overview
Delaware Association Of Realtors is located in Dover, DE. The organization was established in 1967. 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, Delaware Association Of Realtors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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 12/2022, Delaware Association Of Realtors generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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 ITS MEMBERS WITH EDUCATION, INFORMATION & SERVICES RELATING TO THE PROFESSION. THE DELAWARE ASSOCIATION OF REALTORS IN CONJUCTION WITH MEMBER BOARDS/ASSOCIATIONS AND THE NATIONAL ASSOCIATION OF REALTORS, SERVES AND SUPPORTS ITS MEMBERSHIP BY RECOGNIZING AND ADDRESSING ITS NEEDS AND CONCERNS BY DEVELOPING, PROVIDING AND PROMOTING PROGRAMS AND SERVICES WHICH WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE LARGEST PROGRAM SERVICES BY EXPENSES INCLUDE LOBBYING, ANNUAL CONVENTION, AND EDUCATION. LOBBYING ALLOWS THE ASSOCIATION TO BE PROACTIVE IN GOVERNMENTAL AFFAIRS AT THE LOCAL, STATE, AND NATIONAL LEVELS OF GOVERNMENT TO PROTECT AN INDIVIDUAL'S RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY, AND TO ENSURE THAT ITS MEMBERSHIP IS ABLE TO PRACTICE REAL ESTATE BROKERAGE WITHOUT THE BURDEN OF UNFAIR AND RESTRICTIVE GOVERNMENTAL REGULATIONS. THE ANNUAL CONVENTION AND EDUCATIONAL SERVICES ALLOWS THE ASSOCIATION TO SUPPORT ITS MEMBERSHIP THROUGH CONTINUING EDUCATION THAT WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.
THE THREE LARGEST PROGRAM SERVICES BY EXPENSES INCLUDE LOBBYING, ANNUAL CONVENTION, AND EDUCATION. LOBBYING ALLOWS THE ASSOCIATION TO BE PROACTIVE IN GOVERNMENTAL AFFAIRS AT THE LOCAL, STATE, AND NATIONAL LEVELS OF GOVERNMENT TO PROTECT AN INDIVIDUAL'S RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY, AND TO ENSURE THAT IS MEMBERSHIP IS ABLE TO PRACTICE REAL ESTATE BROKERAGE WITHOUT THE BURDEN OF UNFAIR AND RESTRICTIVE GOVERNMENTAL REGULATIONS. THE ANNUAL CONVENTION AND EDUCATIONAL SERVICES ALLOWS THE ASSOCIATION TO SUPPORT ITS MEMBERSHIP THROUGH CONTINUING EDUCATION THAT WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Stefanick Ceo/secretar | OfficerTrustee | 40 | $125,000 |
Scott Farnan Vice Preside | OfficerTrustee | $0 | |
Beau Zebley Director | OfficerTrustee | $0 | |
Mia Burch Director | OfficerTrustee | $0 | |
Jake Lipton Treasurer | OfficerTrustee | $0 | |
Susan Giove President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $924,418 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,500 |
| 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 | $931,918 |
| Total Program Service Revenue | $192,712 |
| Investment income | $2,757 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,127,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,967 |
| Payroll taxes | $29,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163 |
| Fees for services: Accounting | $12,111 |
| 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 | $16,854 |
| Information technology | $27,798 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $240,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,402 |
| Insurance | $4,027 |
| All other expenses | $57,720 |
| Total functional expenses | $1,015,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,692 |
| Savings and temporary cash investments | $1,135,056 |
| 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 | $17,582 |
| Net Land, buildings, and equipment | $522,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,103,298 |
| Accounts payable and accrued expenses | $21,472 |
| Grants payable | $0 |
| Deferred revenue | $523,898 |
| 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 | $545,370 |
| Net assets without donor restrictions | $1,547,928 |
| Net assets with donor restrictions | $10,000 |
| 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 | $2,103,298 |
Grants Awarded
Over the last fiscal year, Delaware Association Of Realtors has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: DISASTER RELIEF | $15,000 |
CENTRAL DE HABITAT FOR HUMANITY PURPOSE: HOME BUILDING | $13,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware Association Of Realtors has recieved totaling $99,632.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $99,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Association Of Realtors Lemoyne, PA | $15,365,413 | $8,876,616 |
East Orange Senior Citizens Housing Association East Orange, NJ | $2,480,383 | $1,612,967 |
Delaware Association Of Realtors Dover, DE | $2,103,298 | $1,127,387 |
Montgomery County Association Of Realtors Inc Malvern, PA | $0 | $967,962 |
Metro Centre Association Of Realtors Corp South River, NJ | $1,945,530 | $612,218 |
Home Builders Assoc Bucks Montgmry Counties Fort Washington, PA | $316,946 | $474,741 |
Brethren Housing Association Harrisburg, PA | $2,687,730 | $259,207 |
Collateral Risk Network Inc Berlin, MD | $282,353 | $347,086 |
Westmoreland West Association Of Realtors North Huntingdon, PA | $93,696 | $268,204 |
Pennsylvania Association Of Housing And Redevelopment Agencies New Florence, PA | $302,508 | $282,995 |
Home Builders Association Of Chester & Delaware Counties West Chester, PA | $817,877 | $159,871 |
National Environmental Balancing Inc Upper Marlboro, MD | $459,949 | $155,113 |