Civic Intelligence

Assoc of Real Estate Owned Managers

EIN 33-0168530 • 501(c)6 • Pensacola, FL

Profile

The organization is dedicated to educating the lending and real estate community in the areas of asset management and loss mitigation.

PO Box 841Pensacola, FL 32591

www.reomac.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.22x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.28x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

64th percentile

9.2%

Higher net margin than 64% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

5.9%

Faster revenue growth than 52% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$597,776

Up $104,918 (+21%) from 2023

Liabilities

Up

$130,742

Up $61,609 (+89%) from 2023

Net Assets

Up

$467,034

Up $43,309 (+10%) from 2023

Operations
Liabilities / Revenue79th percentileNet Margin64th percentile

Revenue

Up

$470,430

Up $26,129 (+5.9%) from 2023

Expenses

Down

$427,121

Down $14,432 (-3.3%) from 2023

Net Income

Up

$43,309

Up $40,561 (+1476%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2014: $550,227Liabilities 2014: $145,209Net Assets 2014: $405,0182014Assets 2015: $529,494Liabilities 2015: $82,127Net Assets 2015: $447,3672015Assets 2016: $532,343Liabilities 2016: $172,380Net Assets 2016: $359,9632016Assets 2017: $529,066Liabilities 2017: $138,200Net Assets 2017: $390,8662017Assets 2018: $428,230Liabilities 2018: $100,440Net Assets 2018: $327,7902018Assets 2019: $370,357Liabilities 2019: $39,577Net Assets 2019: $330,7802019Assets 2020: $446,179Liabilities 2020: $51,204Net Assets 2020: $394,9752020Assets 2021: $464,087Liabilities 2021: $57,974Net Assets 2021: $406,1132021Assets 2022: $510,662Liabilities 2022: $89,685Net Assets 2022: $420,9772022Assets 2023: $492,858Liabilities 2023: $69,133Net Assets 2023: $423,7252023Assets 2024: $597,776Liabilities 2024: $130,742Net Assets 2024: $467,0342024

Highlighted filing

2024

Assets$597,776
Liabilities$130,742
Net Assets$467,034
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2014: $511,468Expenses 2014: $646,719Net Income 2014: -$135,2512014Revenue 2015: $425,034Expenses 2015: $382,685Net Income 2015: $42,3492015Revenue 2016: $377,341Expenses 2016: $464,639Net Income 2016: -$87,2982016Revenue 2017: $411,031Expenses 2017: $380,041Net Income 2017: $30,9902017Revenue 2018: $354,106Expenses 2018: $417,182Net Income 2018: -$63,0762018Revenue 2019: $247,337Expenses 2019: $244,347Net Income 2019: $2,9902019Revenue 2020: $192,967Expenses 2020: $128,772Net Income 2020: $64,1952020Revenue 2021: $376,386Expenses 2021: $358,118Net Income 2021: $18,2682021Revenue 2022: $461,918Expenses 2022: $447,054Net Income 2022: $14,8642022Revenue 2023: $444,301Expenses 2023: $441,553Net Income 2023: $2,7482023Revenue 2024: $470,430Expenses 2024: $427,121Net Income 2024: $43,3092024

Highlighted filing

2024

Revenue$470,430
Expenses$427,121
Net Income$43,309
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$597,776
Liabilities
$130,742
Net assets
$467,034
Revenue
$470,430
Expenses
$427,121
Net income
$43,309
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.98$1.31$4.67$4.70$4.27$0.43
2023Detailed filing. Detailed filing data is available for this year.$4.93$0.69$4.24$4.44$4.42$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.11$0.90$4.21$4.62$4.47$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.64$0.58$4.06$3.76$3.58$0.18
2020Detailed filing. Detailed filing data is available for this year.$4.46$0.51$3.95$1.93$1.29$0.64
2019Detailed filing. Detailed filing data is available for this year.$3.70$0.40$3.31$2.47$2.44$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.28$1.00$3.28$3.54$4.17$0.63
2017Detailed filing. Detailed filing data is available for this year.$5.29$1.38$3.91$4.11$3.80$0.31
2016Detailed filing. Detailed filing data is available for this year.$5.32$1.72$3.60$3.77$4.65$0.87
2015Detailed filing. Detailed filing data is available for this year.$5.29$0.82$4.47$4.25$3.83$0.42
2014Detailed filing. Detailed filing data is available for this year.$5.50$1.45$4.05$5.11$6.47$1.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 5, 2025
Return Version
2024v5.0
Gross Receipts
$470,430
Mission and Program Overview

Mission

The organization is dedicated to educating the lending and real estate community in the areas of asset management and loss mitigation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$351,500$352,502▲ $1,002
Cash and Non-Interest-Bearing Accounts$119,580$158,953▲ $39,373
Prepaid Expenses and Deferred Charges$21,887$86,321▲ $64,434
Accounts Receivable$-109--
Total Assets$492,858$597,776▲ $104,918
Liabilities
Deferred Revenue$69,133$130,742▲ $61,609
Total Liabilities$69,133$130,742▲ $61,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$423,725$467,034▲ $43,309
Total Net Assets Fund Balance$423,725$467,034▲ $43,309
Total Liabilities and Net Assets / Fund Balance$492,858$597,776▲ $104,918
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Bryce FendallPresident
Christian EtienneDirector
Christopher LinkDirector
Deann ClarkDirector
Donna LaporteDirector
Erik SellforsDirector
Joe CutronaDirector
Justin PotierDirector
Nolan TurnerDirector
Rick ShargaDirector
Susan DiciccoDirector
PATRICK O'MALLEYFoundation P
Mark PanicciaPast Preside
Stephanie SeeSecretary
Thomas AnselmoTreasurer
Glenn BrooksVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$469,837
Investment Income
$593
Other Revenue
$0
Change in Net Assets
$43,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$211,409
Conferences and Meetings---$188,477
Office Expenses---$24,985
Other Expenses---$2,250
Total Functional Expenses$0$0$0$427,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Administrative, executive management, financial management, membership management, publications and communications, meeting, conference and trade show management, sales administration, website administration and coordination of education programs.”

Form 990, Page 6, Part VI, Line 6

“Regular members are employees of financial institutions. Affiliate members are service providers. Agent/borker members are real estate agents or brokers. Outsourcer members are employees of outsourcing companies. All membership categories have the same voting rights.”

Form 990, Page 6, Part VI, Line 7A

“The organization has a formal nominations and voting process.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the president and treasurer.”

Form 990, Page 6, Part VI, Line 12C

“In january every board member signs the conflict of interest policy and lists any possible conflicts. Then quarterly people are reminded of the policy and asked to send any new possible conflicts to headquarters for review. Headquarters reviews the statements and notifies the executive committee of any issues that may need to be reviewed. If there is an issue the executive committee will do an investigation and bring the information to the borads attention. At that point the board will review all the information and vote if there is any needed action and what that action should be.”

Form 990, Page 6, Part VI, Line 19

“Governing docs, policies and financial statements are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Assoc of Real Estate Owned Managers
EIN
33-0168530
Phone
5123829212
Address
PO BOX 841, PENSACOLA, FL 32591

Signing Officer

Name
Bryce Fendall
Title
President
Phone
5123829212
Signed
2025-09-05

Organization Details

Principal Officer
Bryce Fendall
Formed
1985
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Tipton Marler Garner & Chastain
Address
P O BOX 1100, PANAMA CITY, FL 32402-1100
Preparer
D Mark Gusmus CPA
Phone
8507699491
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Raw XML Appendix373 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0351500
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADMINISTRATIVE, EXECUTIVE MANAGEMENT, FINANCIAL MANAGEMENT, MEMBERSHIP MANAGEMENT, PUBLICATIONS AND COMMUNICATIONS, MEETING, CONFERENCE AND TRADE SHOW MANAGEMENT, SALES ADMINISTRATION, WEBSITE ADMINISTRATION AND COORDINATION OF EDUCATION PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGULAR MEMBERS ARE EMPLOYEES OF FINANCIAL INSTITUTIONS. AFFILIATE MEMBERS ARE SERVICE PROVIDERS. AGENT/BORKER MEMBERS ARE REAL ESTATE AGENTS OR BROKERS. OUTSOURCER MEMBERS ARE EMPLOYEES OF OUTSOURCING COMPANIES. ALL MEMBERSHIP CATEGORIES HAVE THE SAME VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A FORMAL NOMINATIONS AND VOTING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN JANUARY EVERY BOARD MEMBER SIGNS THE CONFLICT OF INTEREST POLICY AND LISTS ANY POSSIBLE CONFLICTS. THEN QUARTERLY PEOPLE ARE REMINDED OF THE POLICY AND ASKED TO SEND ANY NEW POSSIBLE CONFLICTS TO HEADQUARTERS FOR REVIEW. HEADQUARTERS REVIEWS THE STATEMENTS AND NOTIFIES THE EXECUTIVE COMMITTEE OF ANY ISSUES THAT MAY NEED TO BE REVIEWED. IF THERE IS AN ISSUE THE EXECUTIVE COMMITTEE WILL DO AN INVESTIGATION AND BRING THE INFORMATION TO THE BORADS ATTENTION. AT THAT POINT THE BOARD WILL REVIEW ALL THE INFORMATION AND VOTE IF THERE IS ANY NEEDED ACTION AND WHAT THAT ACTION SHOULD BE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0REOMAC FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0263576644
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOLARSHI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03305 STECK AVE STE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AUSTIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
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IRS990/TotalAssetsEOYAmt0597776
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0427121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069133
IRS990/TotalLiabilitiesEOYAmt0130742
IRS990/TotalLiabilitiesGrp/BOYAmt069133
IRS990/TotalLiabilitiesGrp/EOYAmt0130742
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0423725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0467034
IRS990/TotalProgramServiceRevenueAmt0469837
IRS990/TotalRevenueGrp/ExclusionAmt0593
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0469837
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0470430
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0492858
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0597776
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05680 GREENWOOD PLAZA BLVD STE 100 S
IRS990/USAddress/CityNm0GREENWOOD VILLAGE
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080111
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.REOMAC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYCE FENDALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05123829212
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASSOC OF REAL ESTATE OWNED MANAGERS
ReturnHeader/Filer/BusinessNameControlTxt0ASSO
ReturnHeader/Filer/EIN0330168530
ReturnHeader/Filer/PhoneNum05123829212
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 841
ReturnHeader/Filer/USAddress/CityNm0PENSACOLA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032591
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201217629
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIPTON MARLER GARNER & CHASTAIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PANAMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0324021100
ReturnHeader/PreparerPersonGrp/PhoneNum08507699491
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D MARK GUSMUS CPA
ReturnHeader/ReturnTs02025-11-17T17:03:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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