Tucson Association Of Realtors Inc
- Assets
- $7.1m
- Revenue
- $3.3m
- Investments
- $2.1m
- Employees
- 21
- Location
- Tucson, AZ
- Founding
- 06/1953
- Data as of
- 12/2021
- EIN
- 86-0108815
Organization Overview
Tucson Association Of Realtors Inc is located in Tucson, AZ. The organization was established in 1953. 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, Tucson Association Of Realtors Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tucson 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, Tucson Association Of Realtors Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 3.0% 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 UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION; PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT; SAFEGUARD OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAR IS A MEMBERSHIP ORGANIZATION SERVING THE REALTOR COMMUNITY. THE ACTIVITIES OF TAR CENTER AROUND PROVIDING THE REALTORS WITH EDUCATION, MEMBER ACTIVITIES, AND A COMMUNICATION FORUM.
UNITING REAL ESTATE PROFESSIONALS TO ENCOURAGE HIGHER INDUSTRY STANDARDS AND SUPPORT OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Rogers CEO | Officer | 40 | $221,884 |
Judith Lowe CEO | OfficerTrustee | 40 | $13,429 |
Kim Clifton President-El | OfficerTrustee | 0.38 | $0 |
Jodi Koch President | OfficerTrustee | 0.38 | $0 |
Jennie James Vice Preside | OfficerTrustee | 0.38 | $0 |
Marcela Fuentes Treasurer | OfficerTrustee | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,759,483 |
| 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 | $1,759,483 |
| Total Program Service Revenue | $13,869 |
| Investment income | $15,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,342,875 |
| 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. | $235,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $998,287 |
| Pension plan accruals and contributions | $32,140 |
| Other employee benefits | $108,187 |
| Payroll taxes | $88,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,119 |
| Fees for services: Accounting | $17,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,168 |
| Fees for services: Other | $67,800 |
| Advertising and promotion | $0 |
| Office expenses | $43,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153 |
| Travel | $45,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,319 |
| Insurance | $13,498 |
| All other expenses | $172,038 |
| Total functional expenses | $2,544,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451,823 |
| Savings and temporary cash investments | $188,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,441 |
| 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 | $83,520 |
| Net Land, buildings, and equipment | $2,607,141 |
| Investments—publicly traded securities | $609,020 |
| Investments—other securities | $2,051,421 |
| Investments—program-related | $0 |
| Intangible assets | $6,271 |
| Other assets | $101,245 |
| Total assets | $7,118,539 |
| Accounts payable and accrued expenses | $159,282 |
| Grants payable | $0 |
| Deferred revenue | $1,023,839 |
| 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 | $10,546 |
| Other liabilities | $49,042 |
| Total liabilities | $1,242,709 |
| Net assets without donor restrictions | $5,875,830 |
| 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 | $7,118,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
550 Corporate Center Investment Group Inc El Segundo, CA | $123,957,933 | $9,348,795 |
National Associaton Of Hispanic Real Estate Professionals San Diego, CA | $3,754,334 | $9,140,386 |
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Pasadena Gateway Willas Corporation Pasadena, CA | $583,745,665 | $12,743,337 |
Tmt Tapestry Naperville Inc San Francisco, CA | $84,971,977 | $6,744,374 |
Tmt Park Bridge Inc San Francisco, CA | $97,828,411 | $6,399,295 |
1541 And 1545 Wilshire Seiu 721 Holdings Llc Los Angeles, CA | $47,586,913 | $3,458,952 |
Tmt Arbors At Fair Lakes Apartments Inc San Francisco, CA | $98,381,662 | $6,062,685 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
Tmt Pointe Plaza Inc San Francisco, CA | $52,280,975 | $4,024,011 |
Marshall Square Investment Groupinc El Segundo, CA | $178,044,342 | $8,052,426 |
Fmf Realty Corp Santa Monica, CA | $13,864,181 | $3,655,320 |