Durham Association Of Realtors Inc
- Assets
- $2.4m
- Revenue
- $675.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Durham, NC
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 56-6063634
Organization Overview
Durham Association Of Realtors Inc is located in Durham, NC. The organization was established in 1978. 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, Durham 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. Durham 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, Durham Association Of Realtors Inc generated $675.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $584.3k during the year ending 12/2021. While expenses have increased by 2.2% 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
TO PROMOTE REAL ESTATE BY PROVIDING ETHICAL, PROFESSIONAL SERVICES TO ITS MEMBERS AND CONSUMERS SEEKING REAL ESTATE INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS A VOLUNTARY TRADE ORGANIZATION BRINGING TOGETHER PEOPLE INVOLVED IN SELLING, LEASING & APPRAISING REAL PROPERTY. IT PROMOTES PROFESSIONALISM & HIGH ETHICAL STANDARDS AMONG MEMBERS THROUGH SEMINARS, MEETINGS AND SOCIAL EVENTS. THE ORGANIZATION HAS OVER 1,700 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelia Willis CEO | Officer | 40 | $150,000 |
Karen Roberts President | OfficerTrustee | 5 | $0 |
Cindie Burns Vice President | OfficerTrustee | 4 | $0 |
Shawn Hays President-Elect | OfficerTrustee | 5 | $0 |
Wallace Peiffer Past President | OfficerTrustee | 3 | $0 |
Grace Jones Secretary/treasurer | OfficerTrustee | 3 | $0 |
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 | $672,713 |
| Investment income | $156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,365 |
| 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 | $4,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,036 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,796 |
| Pension plan accruals and contributions | $9,790 |
| Other employee benefits | $20,264 |
| Payroll taxes | $17,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,100 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,567 |
| Advertising and promotion | $0 |
| Office expenses | $15,398 |
| Information technology | $17,901 |
| Royalties | $0 |
| Occupancy | $56,711 |
| Travel | $12,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,254 |
| Interest | $26,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,786 |
| Insurance | $5,738 |
| All other expenses | $1,525 |
| Total functional expenses | $584,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,950 |
| Savings and temporary cash investments | $558,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $624,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,315 |
| Prepaid expenses and deferred charges | $1,042 |
| Net Land, buildings, and equipment | $1,046,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,446,306 |
| Accounts payable and accrued expenses | $212 |
| Grants payable | $0 |
| Deferred revenue | $440,100 |
| 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 | $642,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $369,498 |
| Total liabilities | $1,452,764 |
| Net assets without donor restrictions | $993,542 |
| 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 | $2,446,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mpb Inc Norfolk, VA | $396,978,838 | $58,868,450 |
Georgia Association Of Realtors Inc Atlanta, GA | $16,334,740 | $7,998,537 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Grady Cass Incorporated Atlanta, GA | $161,041,116 | $0 |
The Georgia Health Sciences Foundation Inc Augusta, GA | $27,494,312 | $7,447,103 |
Rancho Cucamonga Ii Inc Charlotte, NC | $253,822,278 | $8,749,351 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Longleaf Pine Realtors Inc Fayetteville, NC | $7,914,934 | $3,962,762 |
Atlanta Realtors Association Inc Atlanta, GA | $8,002,087 | $2,853,636 |
Boscobel Heights Development Company Inc Nashville, TN | $26,913,589 | $950,458 |
Houston Healthcare Properties Inc Warner Robins, GA | $28,129,794 | $1,213,722 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |