Honolulu Board Of Realtors
- Assets
- $11.4m
- Revenue
- $3.2m
- Investments
- $306.2k
- Employees
- 30
- Location
- Honolulu, HI
- Founding
- 11/1975
- Data as of
- 12/2023
- EIN
- 99-0108344
Organization Overview
Honolulu Board Of Realtors is located in Honolulu, HI. The organization was established in 1975. 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 12/2023, Honolulu Board Of Realtors employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honolulu Board 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 12/2023, Honolulu Board Of Realtors generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROGRAMS - TO IMPROVE THE PROFESSIONAL IMAGE OF REALTORS; TO BE THE CENTRAL SOURCE OF INFORMATION AFFECTING THE REAL ESTATE INDUSTRY AND TO BE AN EFFECTIVE VOICE FOR RELEVANT ISSUES AND PRIVATE PROPERTY RIGHTS. EDUCATIONAL COURSES - TO TEACH REALTORS TO PERFORM MORE EFFECTIVELY AND WITH GREATER PROFESSIONALISM. OTHER MISCELLANEOUS PROGRAMS - TO PROVIDE SERVICES TO MEMBERS AND TO BE AN EFFECTIVE AND EFFICIENTLY MANAGED ORGANIZATION RESPONSIVE TO MEMBER NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Villarmia-Kahawai President | OfficerTrustee | 2 | $0 |
Fran Gendrano President-El | OfficerTrustee | 2 | $0 |
Chad Takesue Past Preside | OfficerTrustee | 2 | $0 |
Lurline Johnson Secretary | OfficerTrustee | 2 | $0 |
Paula Bruno Director | Trustee | 2 | $0 |
Shaila Campbell Director | Trustee | 2 | $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 | $2,681,760 |
| Investment income | $153,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $266,104 |
| Net Gain/Loss on Asset Sales | $13,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$315 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,176,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,587 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $145,286 |
| Compensation of current officers, directors, key employees. | $300,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $991,685 |
| Pension plan accruals and contributions | $79,484 |
| Other employee benefits | $101,486 |
| Payroll taxes | $113,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,961 |
| Fees for services: Accounting | $19,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,067 |
| Fees for services: Other | $272,593 |
| Advertising and promotion | $21,670 |
| Office expenses | $119,540 |
| Information technology | $61,621 |
| Royalties | $0 |
| Occupancy | $201,655 |
| Travel | $92,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,178 |
| Interest | $236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,638 |
| Insurance | $23,777 |
| All other expenses | $34,230 |
| Total functional expenses | $3,342,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,917,849 |
| Savings and temporary cash investments | $1,104,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,813 |
| Prepaid expenses and deferred charges | $95,578 |
| Net Land, buildings, and equipment | $3,454,732 |
| Investments—publicly traded securities | $3,188,849 |
| Investments—other securities | $306,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,799 |
| Total assets | $11,422,991 |
| Accounts payable and accrued expenses | $436,555 |
| Grants payable | $0 |
| Deferred revenue | $1,970,188 |
| 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 | $229,175 |
| Total liabilities | $2,635,918 |
| Net assets without donor restrictions | $8,722,372 |
| Net assets with donor restrictions | $64,701 |
| 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 | $11,422,991 |
Grants Awarded
Over the last fiscal year, Honolulu Board Of Realtors has awarded $27,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: SEE PART IV | $20,000 |
HAWAII HOMEOWNERSHIP CENTER PURPOSE: SEE PART IV | $7,600 |