Otero County Association Of Realtors Inc
- Assets
- $435.1k
- Revenue
- $106.5k
- Investments
- $48.2k
- Employees
- 1
- Location
- Alamogordo, NM
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 85-0281349
Organization Overview
Otero County Association Of Realtors Inc is located in Alamogordo, NM. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otero County 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, Otero County Association Of Realtors Inc generated $106.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $202.0k during the year ending 12/2021. 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
MUTUAL ASSOCIATION OF REALTORS; MULTIPLE LISTING SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE LISTING SERVICE: PROVIDE LISTINGS TO EACH MEMBER OFFICE EVERY DAY; DAILY NOTICES OF CHANGES TO CURRENT LISTINGS; MONTHLY COMPILATIONS ALSO ADMINISTER AN ELECTRONICALLY MONITORED LOCK BOX SYSTEM PROVIDED BY GENERAL ELECTRIC; AS WELL AS ENTER MULTIPLE LISTINGS INTO A THIRD PARTY CENTRALIZED COMPUTERIZED SYSTEM.
MEMBER SERVICES: NEW MEMBER ORIENTATION; PERSONNEL ROSTER UPDATES, BULLETINS AND NEWSLETTERS; LEGISLATIVE UPDATES; PERIODIC MEETINGS AND LUNCHEONS WITH GUEST SPEAKERS.
EDUCATION: LOCAL, STATE AND NATIONAL SEMINARS AND CLASSES TO ASSIST REALTOR MEMBERS IN MAINTAINING THEIR CURRENCY PROFICIENCY AND RE-LICENSING REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davy J Clark Executive Di | Officer | 40 | $50,711 |
Shawn Oswalt President | OfficerTrustee | 1 | $0 |
Jacob Roberts President El | OfficerTrustee | 1 | $0 |
Anastasia Hobby Secretary/tr | OfficerTrustee | 2 | $0 |
Nick Paul Director | Trustee | 1 | $0 |
Skip Pridemore Director | Trustee | 1 | $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 | $5,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,237 |
| Total Program Service Revenue | $78,697 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,081 |
| 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 | $106,457 |
| 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. | $57,011 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,890 |
| 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 | $1,962 |
| Information technology | $40,235 |
| Royalties | $0 |
| Occupancy | $9,183 |
| Travel | $4,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,298 |
| Insurance | $0 |
| All other expenses | $16,534 |
| Total functional expenses | $201,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,240 |
| Savings and temporary cash investments | $0 |
| 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 | $6,865 |
| Net Land, buildings, and equipment | $99,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $435,053 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $201,857 |
| 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 | $1,514 |
| Total liabilities | $203,371 |
| Net assets without donor restrictions | $152,107 |
| Net assets with donor restrictions | $79,575 |
| 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 | $435,053 |
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