Civic Intelligence

Hernando County Association Of

990 • Fiscal year 2018 • EIN 59-1636162

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 29, 2019

7321 Sunshine Grove RoadBrooksville, FL 34613

(352) 799-1971

Siviq Scores

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

Liabilities / Assets

79th percentile

0.44x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

0.86x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

80th percentile

14%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

57th percentile

4.2%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

4.9%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,487,073

Up $60,357 (+4.2%) from 2017

Net Assets

Up

$837,770

Up $103,879 (+14%) from 2017

Liabilities

Down

$649,303

Down $43,522 (-6.3%) from 2017

Revenue

Up

$752,203

Up $35,216 (+4.9%) from 2017

Expenses

Up

$648,325

Up $8,750 (+1.4%) from 2017

Net Income

Up

$103,878

Up $26,466 (+34%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $1,394,181Liabilities 2016: $737,701Net Assets 2016: $656,4802016Assets 2017: $1,426,716Liabilities 2017: $692,825Net Assets 2017: $733,8912017Assets 2018: $1,487,073Liabilities 2018: $649,303Net Assets 2018: $837,7702018Assets 2019: $1,485,769Liabilities 2019: $319,483Net Assets 2019: $1,166,2862019Assets 2020: $1,655,872Liabilities 2020: $310,989Net Assets 2020: $1,344,8832020Assets 2021: $2,179,689Liabilities 2021: $538,969Net Assets 2021: $1,640,7202021Assets 2022: $2,457,504Liabilities 2022: $557,297Net Assets 2022: $1,900,2072022Assets 2023: $2,884,476Liabilities 2023: $855,167Net Assets 2023: $2,029,3092023Assets 2024: $2,939,795Liabilities 2024: $920,633Net Assets 2024: $2,019,1622024

Highlighted filing

2018

Assets$1,487,073
Liabilities$649,303
Net Assets$837,770

Operations Trend

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

$1.0M$500K$0Revenue 2016: $737,484Expenses 2016: $643,408Net Income 2016: $94,0762016Revenue 2017: $716,987Expenses 2017: $639,575Net Income 2017: $77,4122017Revenue 2018: $752,203Expenses 2018: $648,325Net Income 2018: $103,8782018Revenue 2019: $871,319Expenses 2019: $542,803Net Income 2019: $328,5162019Revenue 2020: $771,898Expenses 2020: $591,801Net Income 2020: $180,0972020Revenue 2021: $902,514Expenses 2021: $606,333Net Income 2021: $296,1812021Revenue 2022: $941,660Expenses 2022: $681,173Net Income 2022: $260,4872022Revenue 2023: $854,046Expenses 2023: $723,944Net Income 2023: $130,1022023Revenue 2024: $809,246Expenses 2024: $763,475Net Income 2024: $45,7712024

Highlighted filing

2018

Revenue$752,203
Expenses$648,325
Net Income$103,878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 29, 2019
Return Version
2018v3.1
Gross Receipts
$820,723
Mission and Program Overview

Mission

Exists to promote and maintain the code of ethics, to provide multiple listing services, to provide educational and technological instruction and to provide leadership opportunities, in order to recognize our membership's common goals of increased professionalism and profitability

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$637,338$574,887▼ $62,451
Savings and Temporary Cash Investments$165,000$436,760▲ $271,760
Cash and Non-Interest-Bearing Accounts$580,763$432,346▼ $148,417
Accounts Receivable$26,949$35,658▲ $8,709
Prepaid Expenses and Deferred Charges-$221-
Total Assets$1,426,716$1,487,073▲ $60,357
Other Assets Total$16,666$7,201▼ $9,465
Liabilities
Other Liabilities$305,564$327,067▲ $21,503
Unsecured Notes Loans Payable$387,261$322,236▼ $65,025
Total Liabilities$692,825$649,303▼ $43,522
Net Assets / Fund Balance
Unrestricted Net Assets$733,891$837,770▲ $103,879
Total Net Assets Fund Balance$733,891$837,770▲ $103,879
Total Liabilities and Net Assets / Fund Balance$1,426,716$1,487,073▲ $60,357

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$158,386$318,563$476,949
Buildings$352,747$72,731$425,478
Equipment$3,514$52,315$55,829
Land$55,524-$55,524
Other Land Buildings$4,716$7,582$12,298
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$265,702
Program Service Revenue
$472,109
Investment Income
$4,472
Other Revenue
$9,920
Change in Net Assets
$103,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,151
Salaries, Compensation, and Employee Benefits$305,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$283,540
Depreciation Depletion---$34,212
Conferences and Meetings---$30,055
Fees for Services Other---$27,344
All Other Expenses---$22,963
Payroll Taxes---$21,634
Occupancy---$20,302
Office Expenses---$18,957
Information Technology---$18,269
Advertising---$8,426
Other Expenses---$7,080
Fees for Services Accounting---$6,098
Fees for Services Legal---$4,500
Insurance---$2,853
Total Functional Expenses$0$0$0$648,325
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
Yes
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Dues/fees$234,176
Nar Payable$24,040
Supra Payable$20,860
Fr Payable$18,170
Refundable Deposits$8,875
Rpac Payable$8,161
Due to Hcis$6,364
Disaster Relief Fund$2,948
Miscellaneous Payables$1,824
Sales Tax Payable$1,101
Payroll Liabilities$548
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Hernando County Association of
EIN
59-1636162
Phone
3527991971
Address
7321 SUNSHINE GROVE ROAD, BROOKSVILLE, FL 34613

Signing Officer

Name
Brenda S Rabbitt
Title
CEO
Phone
3527991971
Signed
2019-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda S Rabbitt
Voting Board Members
150
Independent Board Members
150
Employees
5

Preparer

Firm
Campbell & Company Cpas Pa
Address
7211 HIAWATHA PKWY, SPRING HILL, FL 34606-2542
Preparer
James M Wilhelm
Phone
3526837365
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Exists to promote and maintain the code of ethics, to provide multiple listing services, to provide educational and technological instruction and to provide leadership opportunities, in order to recognize our membership's common goals of increased professionalism and profitability

Form 990, Part XI, Line 9

Book / tax depreciation difference 1

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0DE MINIMIS CAMPAIGN CONTRIBUTIONS
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1THE HERNANDO COUNTY ASSOCIATION OF REALTORS ADVOCATES POLICIES ON BEHALF OF ITS MEMBERS AND PROVIDES FINANCIAL SUPPORT TO CANDIDATES RUNNING FOR LOCAL OFFICE WHOSE POSITION ON REAL ESTATE REGULATION AND A FREE-MARKET BUSINESS ENVIRONMENT MOST CLOSELY REPRESENTS ASSOCIATION INITIATIVES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE C, PART IV
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FR PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5RPAC PAYABLE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8MISCELLANEOUS PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc9SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc10PAYROLL LIABILITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXISTS TO PROMOTE AND MAINTAIN THE CODE OF ETHICS, TO PROVIDE MULTIPLE LISTING SERVICES, TO PROVIDE EDUCATIONAL AND TECHNOLOGICAL INSTRUCTION AND TO PROVIDE LEADERSHIP OPPORTUNITIES, IN ORDER TO RECOGNIZE OUR MEMBERSHIP'S COMMON GOALS OF INCREASED PROFESSIONALISM AND PROFITABILITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE OF PREMISES
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1AGREED UPON MGMT FEES
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