Civic Intelligence

Hampton Roads Realtors Association Inc

EIN 54-0722682 • 501(c)6 • Chesapeake, VA

Profile

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

638 Independence ParkwayChesapeake, VA 23320

centerforrealestate.com

Siviq Scores

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

Liabilities / Assets

81st percentile

0.55x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.57x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

11th percentile

-11%

Higher net margin than 11% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$223,950

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

18th percentile

-2.9%

Faster asset growth than 18% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-12%

Faster revenue growth than 8% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$11,086,729

Down $332,378 (-2.9%) from 2023

Liabilities

Down

$6,093,934

Down $76,074 (-1.2%) from 2023

Net Assets

Down

$4,992,795

Down $256,304 (-4.9%) from 2023

Revenue

Down

$2,373,059

Down $315,626 (-12%) from 2023

Expenses

Down

$2,628,487

Down $114,099 (-4.2%) from 2023

Net Income

Down

-$255,428

Down $201,527 (-374%) from 2023

Trend Graphs

Balance Sheet Trend

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

$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

2024

Assets$11,086,729
Liabilities$6,093,934
Net Assets$4,992,795

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$2,373,059
Expenses$2,628,487
Net Income-$255,428

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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$3,134,378
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$5,855,484$5,707,818▼ $147,666
Investments in Publicly Traded Securities$420,580$1,657,703▲ $1,237,123
Cash and Non-Interest-Bearing Accounts$255,086$1,375,263▲ $1,120,177
Savings and Temporary Cash Investments$3,503,822$850,025▼ $2,653,797
Intangible Assets$62,164$125,140▲ $62,976
Prepaid Expenses and Deferred Charges$38,820$83,413▲ $44,593
Accounts Receivable$6,052$9,513▲ $3,461
Investments Other Securities$4,755$4,755→ $0
Total Assets$11,419,107$11,086,729▼ $332,378
Other Assets Total$1,272,344$1,273,099▲ $755
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,554,843$5,408,830▼ $146,013
Deferred Revenue$436,255$484,764▲ $48,509
Other Liabilities$102,441$130,461▲ $28,020
Accounts Payable and Accrued Expenses$76,469$69,879▼ $6,590
Total Liabilities$6,170,008$6,093,934▼ $76,074
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,249,099$4,992,795▼ $256,304
Total Net Assets Fund Balance$5,249,099$4,992,795▼ $256,304
Total Liabilities and Net Assets / Fund Balance$11,419,107$11,086,729▼ $332,378

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,519,814-$659,918
Other Land Buildings$4,188,004$3,734,646$145,688
Other Assets Org$5,371--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn KennedyCEOFT$206,000$17,950$223,950
Richard ZakComptrollerFT$150,000$18,512$168,512
Misty PritchettCOOFT$133,383$5,429$138,812

Board Members and Trustees

NameTitle
Kim GeorgesPresident
Jay MitchellPresident-el
Christian HarrisDirector
Cosette LambourneDirector
Gladys FainDirector
Gregory ChaplainDirector
Jennifer DawnDirector
Linda BassDirector
Michael LittleDirector
Nelene GibbsDirector
Rob WaringDirector
Ronald RiveraDirector
Sean RooneyDirector
James JacksonFirst Vice P
Philip Kazmierczak JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,526,136
Program Service Revenue
$546,984
Investment Income
$125,201
Other Revenue
$174,738
Change in Net Assets
$-255,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,469,413
Other Expenses$1,159,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$519,702$703,989-$1,223,691
All Other Expenses$16,180$270,132-$286,312
Payroll Taxes$46,812$63,405-$110,217
Depreciation Depletion-$99,260-$99,260
Other Employee Benefits$41,077$55,638-$96,715
Fees for Services Legal-$96,623-$96,623
Interest-$89,732-$89,732
Fees for Services Accounting-$75,000-$75,000
Other Expenses$143,048$69,603-$69,603
Pension Plan Contributions$16,475$22,315-$38,790
Fees for Services Other-$32,140-$32,140
Office Expenses-$8,892-$8,892
Advertising-$2,313-$2,313
Total Functional Expenses$934,774$1,693,713$0$2,628,487
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
Dues Payable$82,611
Tenant Security Deposits$45,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The hampton roads realtors association is a membership organization that provides continuing education, member benefits, public relations activities to enhance the realtor brand, advocacy to legislators and regulators on matters of interest to realtors and the general public.

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

Dawn kennedy, ceo, richard zak, who provides accounting support, 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 document 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 15A

Special committees reviewed comparable compensation models of similar organizations to determine compensation for top official.

Form 990, Page 6, Part VI, Line 15B

Special committees reviewed comparable compensation models of similar organizations to determine compensation for key employees.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Hampton Roads Realtors Association
EIN
54-0722682
Phone
7574739700
Address
638 INDEPENDENCE PARKWAY, CHESAPEAKE, VA 23320

Signing Officer

Name
Jay Mitchell
Title
President-elect
Phone
3147994251
Signed
2025-11-04

Organization Details

Principal Officer
Jay Mitchell
Formed
1972
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
21

Preparer

Firm
Jones Madden & Council Plc
Address
5029 CORPORATE WOODS DR STE 190, VIRGINIA BEACH, VA 23462-4376
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

Technology 0 65,596 0 credit card fees 0 42,486 0 travel 0 41,726 0 leadership expense 0 22,374 0 office supplies 0 19,736 0 dues & subscriptions 0 19,247 0 the network 7,567 0 0 federal income tax 0 7,414 0 other offce/g&a 0 7,130 0 bank charges 0 6,671 0 postage 0 6,404 0 insurance 0 6,358 0 utilities & telephone 0 6,321 0 printing 0 5,904 0 rpac contribution 0 5,000 0 temp labor/employee searc 0 4,066 0 governmental affairs 3,645 0 0 property mgmt expense 2,500 0 0 affiliate council 2,468 0 0 state income tax 0 2,118 0 other taxes & licenses 0 1,482 0 equipment rental & maint 0 99 0 total 16,180 270,132 0

Raw XML AppendixShowing 400 of 577 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE P
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16COO
IRS990/Form990PartVIISectionAGrp/TitleTxt17COMPTROLLER
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IRS990/MissionDesc0TO PROMOTE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE INDUSTRY AND TO PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES TO REALTORS.
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IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt066108
IRS990/NetUnrelatedBusTxblIncmAmt035306
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt096715
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IRS990/OtherExpensesGrp/Desc1EDUCATION EXPENSES
IRS990/OtherExpensesGrp/Desc2RENTAL PROPERTY EXPENSES
IRS990/OtherExpensesGrp/Desc3MEETINGS & SEMINARS
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016475
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IRS990/ProgramServiceRevenueGrp/Desc0CIRCLE OF EXCELLENCE
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM AND EVENTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0AWARDS AND ACHIEVEMENTS BANQUETS - THE PURPOSE OF THESE EVENTS IS TO RECOGNIZE THE INDUSTRY'S TOP REGIONAL PRODUCERS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0234517
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS ACTIVITIES TO PROMOTE THE REAL ESTATE INDUSTRY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0640246
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0121016
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LONG TERM CD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount13500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt016950
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAWN KENNEDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD ZAK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COMPTROLLER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS ACTIVITIES TO PROMOTE THE REAL ESTATE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HAMPTON ROADS REALTORS ASSOCIATION IS A MEMBERSHIP ORGANIZATION THAT PROVIDES CONTINUING EDUCATION, MEMBER BENEFITS, PUBLIC RELATIONS ACTIVITIES TO ENHANCE THE REALTOR BRAND, ADVOCACY TO LEGISLATORS AND REGULATORS ON MATTERS OF INTEREST TO REALTORS AND THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.

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