West And Southeast Realtors Of The Valley Inc

Organization Overview

West And Southeast Realtors Of The Valley Inc is located in Chandler, AZ. The organization was established in 1969. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, West And Southeast Realtors Of The Valley Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West And Southeast Realtors Of The Valley 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, West And Southeast Realtors Of The Valley Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 10.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SERVICES THAT LEAD TO MEMBER PROSPERITY UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION, PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT WITHIN THE PROFESSION, AND FURTHER THE INTERESTS OF PROPERTY OWNERSHIP

Describe the Organization's Program Activity:

Part 3 - Line 4a

MERGED WITH SANTA CRUZ COUNTY BOARD OF REALTORS IN JANUARY 2021, AND NOW PROVIDE SERVICES TO MEMBERS THROUGHOUT THE EAST AND WESTERN PORTIONS OF MARICOPA COUNTY VALLEY, AS WELL AS PINAL, COCHISE AND SANTA CRUZ COUNTIES. WESERV IS THE 5TH LARGEST LOCAL ASSOCIATION IN THE UNITED STATES. WE ARE ONE OF THE FEW LOCAL REALTOR ASSOCIATIONS THAT PROVIDE CONTINUING EDUCATION AND PROFESSIONAL STANDARDS SERVICES TO OUR MEMBERS AT NO EXTRA COST. WE DISTRIBUTED 53 CHRISTMAS TREES SETS TO FAMILIES IN NEED, DONATED 350 LOCKBOXES TO THE COMMUNITY SENIOR LOCKBOX PROGRAM, DONATED FUNDS TO THE TELEGRAPH FIRE RELIEF, SEEDS OF HOPE, AND CASA GRANDE HOMELESS SHELTER, AND AWARDED SIX STUDENT COLLEGE SCHOLARSHIPS IN ARIZONA.


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Board, Officers & Key Employees

Name (title)Compensation
Roger Nelson
CEO
$312,274
Pamela Frestedt
COO
$196,626
Maribel Garcia
VP Technology Asset Mgt
$106,903
Donna King
VP Of Finance Human Resources
$105,530
Tonya Deskins
VP Member Services
$103,696
Lance Billingsly
Treasurer
$1,010

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,269
Related organizations$0
Government grants $440,745
All other contributions, gifts, grants, and similar amounts not included above$61,715
Noncash contributions included in lines 1a–1f $2,634
Total Revenue from Contributions, Gifts, Grants & Similar$503,729
Total Program Service Revenue$4,143,169
Investment income $244,791
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$271,752
Net Gain/Loss on Asset Sales $110,820
Net Income from Fundraising Events $6,363
Net Income from Gaming Activities $894
Net Income from Sales of Inventory $56,267
Miscellaneous Revenue$0
Total Revenue $4,817,480

Grants Awarded

Over the last fiscal year, West And Southeast Realtors Of The Valley Inc has awarded $17,000 in support to 2 organizations.

Grant RecipientAmount

REALTORS OF ARIZONA POLITICAL ACTION COMMITTEE

PURPOSE: PAC Administration

$10,000

COMMUNITY ACTION HUMAN RESOURCES AGENCY

Org PageRecipient Profile

Eloy, AZ

PURPOSE: Casa Grande Homeless Shelter

$7,000
View Grant Profile

Endowment Analysis

Beg. Balance$3,782,657
Net Contributions$577,307
Other Expense$349,520
Ending Balance$4,010,444

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