Hampton Roads Realtors Association Inc

Organization Overview

Hampton Roads Realtors Association Inc is located in Chesapeake, VA. The organization was established in 1971. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hampton Roads Realtors Association Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Realtors Association 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, Hampton Roads Realtors Association Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 1.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE INDUSTRY AND TO PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES TO REALTORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION WORKSHOPS - THE PURPOSE OF THESE EVENTS IS TO RAISE THE LEVEL OF PROFESSIONALISM IN THE INDUSTRY, INCREASE KNOWLEDGE AND SKILLS AND BETTER SERVE THE PUBLIC.


AWARDS AND ACHIEVEMENTS BANQUETS - THE PURPOSE OF THESE EVENTS IS TO RECOGNIZE THE INDUSTRY'S TOP REGIONAL PRODUCERS.


VARIOUS ACTIVITIES TO PROMOTE THE REAL ESTATE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Dawn Kennedy
CEO
$180,416
Tanya Monroe
Board Chairm
$0
Barbara Sgueglia
Chair Elect
$0
Jimmy Jackson
At Large Dir
$0
Jeremy Johnson
VP Finance
$0
Emil Nazaryan
At Large Dir
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,809,179
Fundraising events$0
Related organizations$8,000
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$1,817,179
Total Program Service Revenue$649,850
Investment income $3,395
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $97,875
Net Gain/Loss on Asset Sales -$3,077
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$10,966
Miscellaneous Revenue$0
Total Revenue $2,693,290

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hampton Roads Realtors Association Inc has recieved totaling $26,834.

Awarding OrganizationAmount
National Association Of Realtors

Chicago, IL

PURPOSE: GENERAL SUPPORT

$26,834
View Grant Recipient Profile

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