New Orleans Metropolitan Association Of Realtors

Organization Overview

New Orleans Metropolitan Association Of Realtors is located in Metairie, LA. The organization was established in 1972. 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 12/2020, New Orleans Metropolitan Association Of Realtors employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Metropolitan 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 12/2020, New Orleans Metropolitan Association Of Realtors generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. While expenses have increased by 5.6% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUSTED ADVOCATE AND RESOURCE FOR THE REAL ESTATE COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTINUING EDUCATION PROVIDED 263 HOURS OF CONTINUING EDUCATION TO NOMAR MEMBERS HELD THROUGHOUT THE NEW ORLEANS METRO AREA. PROVIDED 6 HOURS OF COMMERCIAL CONTINUING EDUCATION.WE MAINTAIN LEADERSHIP ATTENDANCE AT THE NATIONAL AND STATE CONVENTIONS TO GET THE LATEST ON REALTOR TRENDS, PRODUCTS, SERVICES AND REGULATIONS TO BRING BACK TO THE LOCAL ASSOCIATIONS AND OUR MEMBERS.PROVIDE TRAINING FOR ALL OUR BOARD MEMBERS ON AN ANNUAL BASIS ON BOARD FINANCE AND POLICY MATTERS.


PROFESSIONAL STANDARDSCONDUCTED HEARINGS REGARDING ETHICS COMPLAINTS. HELD ARBITRATION HEARINGS TO SETTLE DISPUTES OVER COMMISSIONS. THE GRIEVANCE COMMITTEE MET AND REVIEWED COMPLAINTS/ARBITRATION REQUESTS.PRODUCE THE STANDARD REALTOR FORMS AND ADDENDUMS WHICH ARE MADE AVAILABLE TO MEMEBERS VIA OUR WEBSITE. PARTICIPATE WITH THE STATE ASSOCIATION TO FACILITATE ANY CHANGES AND CORRECTIONS TO THE MADATORY FORMS.


GOVERNMENTAL AFFAIRSMONITOR ALL COUNCIL MEETINGS FOR ORLEANS, ST TAMMANY, ST BERNARD, JEFFERSON, ST CHARLES AND ST JOHN PARISHES AND ARE PROACTIVE IN ADVOCATING FOR ECONOMIC DEVELOPMENT, AFFORDABLE HOUSING, CRIME PREVENTION AND QUALITY OF LIFE ISSUES THAT ATTRACT HOMEBUYERS TO VARIOUS COMMUNITIES IN THE TEN PARISHES THAT NOMAR SERVES. CONDUCTS INTENSIVE OUTREACH ACTIVITIES TO ALIGN STRATEGIC PARTNERSHIPS FOR RESOURCES TO SUPPORT OUR MEMBERS.


CONTINUING EDUCATION PROVIDED 263 HOURS OF CONTINUING EDUCATION TO NOMAR MEMBERS HELD THROUGHOUT THE NEW ORLEANS METRO AREA. PROVIDED 6 HOURS OF COMMERCIAL CONTINUING EDUCATION.WE MAINTAIN LEADERSHIP ATTENDANCE AT THE NATIONAL AND STATE CONVENTIONS TO GET THE LATEST ON REALTOR TRENDS, PRODUCTS, SERVICES AND REGULATIONS TO BRING BACK TO THE LOCAL ASSOCIATIONS AND OUR MEMBERS.PROVIDE TRAINING FOR ALL OUR BOARD MEMBERS ON AN ANNUAL BASIS ON BOARD FINANCE AND POLICY MATTERS.


PROFESSIONAL STANDARDSCONDUCTED HEARINGS REGARDING ETHICS COMPLAINTS. HELD ARBITRATION HEARINGS TO SETTLE DISPUTES OVER COMMISSIONS. THE GRIEVANCE COMMITTEE MET AND REVIEWED COMPLAINTS/ARBITRATION REQUESTS.PRODUCE THE STANDARD REALTOR FORMS AND ADDENDUMS WHICH ARE MADE AVAILABLE TO MEMEBERS VIA OUR WEBSITE. PARTICIPATE WITH THE STATE ASSOCIATION TO FACILITATE ANY CHANGES AND CORRECTIONS TO THE MADATORY FORMS.


GOVERNMENTAL AFFAIRSMONITOR ALL COUNCIL MEETINGS FOR ORLEANS, ST TAMMANY, ST BERNARD, JEFFERSON, ST CHARLES AND ST JOHN PARISHES AND ARE PROACTIVE IN ADVOCATING FOR ECONOMIC DEVELOPMENT, AFFORDABLE HOUSING, CRIME PREVENTION AND QUALITY OF LIFE ISSUES THAT ATTRACT HOMEBUYERS TO VARIOUS COMMUNITIES IN THE TEN PARISHES THAT NOMAR SERVES. CONDUCTS INTENSIVE OUTREACH ACTIVITIES TO ALIGN STRATEGIC PARTNERSHIPS FOR RESOURCES TO SUPPORT OUR MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Colleen Whittington
Chief Executive Officer
$191,083
Cindee Leboeuf
Chief Financial Officer
$113,083
Amanda Hanemann
President
$0
Anne Comarda
President-Elect
$0
David Favret
Secretary-Treasurer
$0
Latanya Labranch
Ex-Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,068,902
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$1,068,902
Total Program Service Revenue$125,126
Investment income $7,107
Tax Exempt Bond Proceeds $23,914
Royalties $0
Net Rental Income $37,986
Net Gain/Loss on Asset Sales $19,022
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $665
Miscellaneous Revenue$0
Total Revenue $1,495,891

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