Civic Intelligence

Hampton Roads Realtors Association Inc

990 • Fiscal year 2013 • EIN 54-0722682

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 07, 2014

638 Independence ParkwayRoom/Suite 10023320

(757) 473-9700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.70x

Higher debt load relative to assets than 88% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

3.06x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2013

Net Margin

70th percentile

10%

Higher net margin than 70% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2013 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2013

Asset Growth

28th percentile

1.0%

Faster asset growth than 28% of similar nonprofits.

2013 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$11,175,900

Up $111,481 (+1.0%) from 2012

Net Assets

Up

$3,350,324

Up $256,934 (+8.3%) from 2012

Liabilities

Down

$7,825,576

Down $145,453 (-1.8%) from 2012

Revenue

$2,560,955

No earlier filing loaded for comparison.

Expenses

Up

$2,304,021

Up $57,860 (+2.6%) from 2012

Net Income

$256,934

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $11,423,884Liabilities 2010: $8,224,718Net Assets 2010: $3,199,1662010Assets 2011: $11,253,581Liabilities 2011: $8,197,122Net Assets 2011: $3,056,4592011Assets 2012: $11,064,419Liabilities 2012: $7,971,029Net Assets 2012: $3,093,3902012Assets 2013: $11,175,900Liabilities 2013: $7,825,576Net Assets 2013: $3,350,3242013Assets 2014: $11,143,268Liabilities 2014: $7,689,178Net Assets 2014: $3,454,0902014Assets 2015: $11,325,353Liabilities 2015: $7,621,368Net Assets 2015: $3,703,9852015Assets 2016: $11,399,637Liabilities 2016: $7,364,998Net Assets 2016: $4,034,6392016Assets 2017: $12,063,822Liabilities 2017: $7,673,815Net Assets 2017: $4,390,0072017Assets 2018: $13,493,178Liabilities 2018: $8,570,864Net Assets 2018: $4,922,3142018Assets 2019: $13,883,020Liabilities 2019: $8,627,221Net Assets 2019: $5,255,7992019Assets 2020: $13,217,114Liabilities 2020: $8,625,756Net Assets 2020: $4,591,3582020Assets 2021: $13,472,521Liabilities 2021: $8,799,785Net Assets 2021: $4,672,7362021Assets 2022: $11,919,571Liabilities 2022: $6,616,571Net Assets 2022: $5,303,0002022Assets 2023: $11,419,107Liabilities 2023: $6,170,008Net Assets 2023: $5,249,0992023Assets 2024: $11,086,729Liabilities 2024: $6,093,934Net Assets 2024: $4,992,7952024

Highlighted filing

2013

Assets$11,175,900
Liabilities$7,825,576
Net Assets$3,350,324

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,982,3802010Expenses 2011: $2,204,3772011Expenses 2012: $2,246,1612012Revenue 2013: $2,560,955Expenses 2013: $2,304,021Net Income 2013: $256,9342013Revenue 2014: $2,480,493Expenses 2014: $2,376,727Net Income 2014: $103,7662014Revenue 2015: $2,630,979Expenses 2015: $2,381,084Net Income 2015: $249,8952015Revenue 2016: $2,842,390Expenses 2016: $2,511,736Net Income 2016: $330,6542016Revenue 2017: $2,835,933Expenses 2017: $2,480,565Net Income 2017: $355,3682017Revenue 2018: $3,042,779Expenses 2018: $2,510,472Net Income 2018: $532,3072018Revenue 2019: $2,860,464Expenses 2019: $2,528,554Net Income 2019: $331,9102019Revenue 2020: $1,919,810Expenses 2020: $2,589,006Net Income 2020: -$669,1962020Revenue 2021: $2,693,290Expenses 2021: $2,611,912Net Income 2021: $81,3782021Revenue 2022: $3,507,575Expenses 2022: $2,877,311Net Income 2022: $630,2642022Revenue 2023: $2,688,685Expenses 2023: $2,742,586Net Income 2023: -$53,9012023Revenue 2024: $2,373,059Expenses 2024: $2,628,487Net Income 2024: -$255,4282024

Highlighted filing

2013

Revenue$2,560,955
Expenses$2,304,021
Net Income$256,934
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 7, 2014
Return Version
2013v3.1
Gross Receipts
$3,139,234
Mission and Program Overview

Mission

To promote high standards of conduct in the real estate industry and to provide educational and networking opportunities to realtors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,076,678$6,917,647▼ $159,031
Cash and Non-Interest-Bearing Accounts$2,476,736$2,659,582▲ $182,846
Investments Other Securities$646,169$711,091▲ $64,922
Savings and Temporary Cash Investments$324,424$401,739▲ $77,315
Intangible Assets$165,643$121,463▼ $44,180
Prepaid Expenses and Deferred Charges$9,202$16,638▲ $7,436
Other Notes and Loans Receivable, Net$11,877--
Inventories for Sale or Use$9,228$8,637▼ $591
Accounts Receivable$9,885$5,941▼ $3,944
Total Assets$11,064,419$11,175,900▲ $111,481
Other Assets Total$334,577$333,162▼ $1,415
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,015,702$6,811,137▼ $204,565
Accounts Payable and Accrued Expenses$896,272$924,195▲ $27,923
Deferred Revenue$39,252$73,497▲ $34,245
Other Liabilities$19,803$16,747▼ $3,056
Total Liabilities$7,971,029$7,825,576▼ $145,453
Net Assets / Fund Balance
Unrestricted Net Assets$2,955,981$3,216,654▲ $260,673
Temporarily Rstr Net Assets$137,409$133,670▼ $3,739
Total Net Assets Fund Balance$3,093,390$3,350,324▲ $256,934
Total Liabilities and Net Assets / Fund Balance$11,064,419$11,175,900▲ $111,481

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,519,814-$630,164
Equipment$25,598$163,460$137,784
Other Land Buildings$1,933$79,014$80,947
Buildings$4,387,249$1,275,299-
Leasehold Improvements$983,053$251,999-
Closely Held Equity Interests$711,091--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amy RhodesChairman Ele
Patricia a SteeleChairman of
Susan MurphyResale Chair
Rusty HulettVice Chair F
Jamie CookAffiliates C
Jay PayneAppraisers C
Becky ClaggettAt Large
Candy DennisAt Large
Harry CrossAt Large
Jimmy JacksonAt Large
Mark EdwardsAt Large
Nikita HouchinsAt Large
Paul D McgirtAt Large
Priscilla LemoineAt Large
Ron PearmanAt Large
Shirley J ConnerAt Large
Terry GearhartAt Large
Troy BrinkleyCommercial C
J Michael ReitelbachCorp. Secret
Sherry MasterNew Homes Co
Jay MitchellOwners Counc
Laura WenslaffProperty Man
Revenue and Support

Revenue Composition

Contributions and Grants
$1,108,618
Program Service Revenue
$945,645
Investment Income
$5,866
Other Revenue
$500,826
Change in Net Assets
$256,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,304,021
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
All Other Expenses$316,178$34,574-$350,752
Interest$10,707$215,278-$225,985
Other Expenses$142,782$194,245-$142,782
Depreciation Depletion-$108,111-$108,111
Office Expenses$79,843--$79,843
Fees for Services Accounting-$28,001-$28,001
Fees for Services Legal-$21,970-$21,970
Advertising$6,717$14,455-$21,172
Total Functional Expenses$847,327$1,456,694$0$2,304,021
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$16,747
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Accounting and clerical support

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

The organization has a nominating committee of members. The nominating committee submits the name of one nominee for each office. Additional nominees may be made at the organization's meeting by the members entitled to vote. Elections occur by ballot at the annual meeting provided a quorom of votes are cast.

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

Decisions regarding assessments and large capital expenditures are subject to approval of members.

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

Blair kinchen, comptroller with omg, who provides accounting and clerical support, mike reitelbach, executive vice president, and the current board chairman, all review the form 990 before it is filed. A copy of the 990 is put on the website for all members of the governing body to review.

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

Every january, all members of the governing body documents in writing whether or not they have a conflict of interest and agree to disclose in the future should any arise.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

EIN
54-0722682
Phone
7574739700

Signing Officer

Name
Patricia Steele
Title
Chairman of the Board
Phone
7574739700
Signed
2014-08-07

Organization Details

Principal Officer
Patricia Steele
Formed
1972
Legal Domicile
Va
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Preparer
Edward S Jones
Phone
7574611040
Supplemental Narrative

Additional Explanations

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

Various activities to promote the real estate industry.

Form 990, Part IX, Line 24E

Program services 89,655 0 0 credit card discount 77,192 0 0 circle of excellence expe 44,926 0 0 new homes expense 20,287 0 0 meetings & seminars 18,164 0 0 utilities & telephone 15,147 0 0 bank charges 0 13,978 0 equipment rental & mainte 12,065 0 0 other taxes & licenses 0 10,539 0 office supplies 0 9,813 0 property mgmt expense 9,626 0 0 meeting expense 7,300 0 0 printing and publications 5,759 0 0 insurance 3,948 0 0 rim expenses 3,827 0 0 travel 3,046 0 0 dues & subscriptions 2,633 0 0 postage and shipping 2,075 0 0 miscellaneous expense 528 0 0 admin appropriation 0 244 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt1AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2AT LARGE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8AT LARGE
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IRS990/Form990PartVIISectionAGrp/TitleTxt10AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11AT LARGE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14OWNERS COUNC
IRS990/Form990PartVIISectionAGrp/TitleTxt15RESALE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIRMAN ELE
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IRS990/InterestGrp/ProgramServicesAmt010707
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1194245
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IRS990/OtherExpensesGrp/ProgramServicesAmt1142782
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt096063
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS ACTIVITIES TO PROMOTE THE REAL ESTATE INDUSTRY.
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IRS990/PYTotalRevenueAmt02283092
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0742677
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0324424
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0401739
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04387249
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01275299
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05662548
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0711091
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt025598
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0163460
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt051274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137784
IRS990ScheduleD/LandGrp/BookValueAmt01519814
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0889650
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0630164
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0983053
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0251999
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01235052
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$6.09$4.99$2.37$2.63$0.26
2023Detailed filing. Detailed filing data is available for this year.$11.4$6.17$5.25$2.69$2.74$0.05
2022Detailed filing. Detailed filing data is available for this year.$11.9$6.62$5.30$3.51$2.88$0.63
2021Detailed filing. Detailed filing data is available for this year.$13.5$8.80$4.67$2.69$2.61$0.08
2020Detailed filing. Detailed filing data is available for this year.$13.2$8.63$4.59$1.92$2.59$0.67
2019Detailed filing. Detailed filing data is available for this year.$13.9$8.63$5.26$2.86$2.53$0.33
2018Detailed filing. Detailed filing data is available for this year.$13.5$8.57$4.92$3.04$2.51$0.53
2017Detailed filing. Detailed filing data is available for this year.$12.1$7.67$4.39$2.84$2.48$0.36
2016Detailed filing. Detailed filing data is available for this year.$11.4$7.36$4.03$2.84$2.51$0.33
2015Detailed filing. Detailed filing data is available for this year.$11.3$7.62$3.70$2.63$2.38$0.25
2014Detailed filing. Detailed filing data is available for this year.$11.1$7.69$3.45$2.48$2.38$0.10
2013Detailed filing. Detailed filing data is available for this year.$11.2$7.83$3.35$2.56$2.30$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$7.97$3.09$2.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$8.20$3.06$2.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$8.22$3.20$1.98