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Nonprofiteer
← THE CHICAGO ASSOCIATION OF REALTORS INC

Form 990 for tax year 2023

Filed by THE CHICAGO ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$8,479,295
Total expenses
$9,013,487
Contributions and grants received
$119,983
Grants paid
$98,765
Program service revenue
$7,964,668
Investment income
$190,056
Other revenue
$204,588
Total assets, end of year
$7,480,304
Total liabilities, end of year
$4,847,965
Net assets or fund balances, end of year
$2,632,339
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • Drussy Ruth Hernandez

    President (partial year)

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Erika Vilegas

    President (partial Year)

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.2 related

  • Lutalo McGee

    President-Elect (partial year)

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 0.2 related

  • Sarah Ware

    Treasurer (partial year)

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Amy Wu

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ayoub Rabah

    Director (partial year)

    Total calculated
    $0
    Hours/week
    1

  • Deanous Reed

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erik Schwab

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gaspar Flores Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Kmiecik

    Director (partial year)

    Total calculated
    $0
    Hours/week
    1

  • Linda Hattar

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Scott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lyle Harlow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mabel Guzman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marki Lemons Ryhal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martin Walsh

    Director (partial year)

    Total calculated
    $0
    Hours/week
    1

  • Megan Oswald

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Moses Hall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Scheid

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • Rafael Alvarado

    Director

    Total calculated
    $0
    Hours/week
    1

  • Staci Slattery

    Director

    Total calculated
    $0
    Hours/week
    1

  • Victoria Silvano

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessica Kern

    Chief Communications Officer

    Total calculated
    $244,265
    From this org
    $227,182
    From related orgs
    $0
    Other
    $17,083
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $196,450
    Bonus
    $10,000
    Other
    $20,732
    Deferred
    $8,642
    Nontaxable benefits
    $8,441
    Filer's total
    $244,265

  • Michelle Mills Clement

    CEO

    Total calculated
    $517,134
    From this org
    $476,741
    From related orgs
    $0
    Other
    $40,393
    Hours/week
    51 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $357,755
    Bonus
    $82,050
    Other
    $36,936
    Deferred
    $12,375
    Nontaxable benefits
    $28,018
    Filer's total
    $517,134

  • Robert Schmidt

    CFO

    Total calculated
    $242,191
    From this org
    $226,468
    From related orgs
    $0
    Other
    $15,723
    Hours/week
    46 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $199,992
    Bonus
    $10,000
    Other
    $16,476
    Deferred
    $8,674
    Nontaxable benefits
    $7,049
    Filer's total
    $242,191

  • Zachariah Wahlquist

    COO

    Total calculated
    $267,900
    From this org
    $249,821
    From related orgs
    $0
    Other
    $18,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,734
    Bonus
    $10,000
    Other
    $5,087
    Deferred
    $9,619
    Nontaxable benefits
    $8,460
    Filer's total
    $267,900

  • Brent Dornbos

    Sr Director of Events

    Total calculated
    $143,369
    From this org
    $126,794
    From related orgs
    $0
    Other
    $16,575
    Hours/week
    45

  • Dave Naso

    VP of Membership

    Total calculated
    $174,709
    From this org
    $167,750
    From related orgs
    $0
    Other
    $6,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,800
    Bonus
    $7,000
    Other
    $2,950
    Deferred
    $6,331
    Nontaxable benefits
    $628
    Filer's total
    $174,709

  • Donald Coleman

    Director of IT

    Total calculated
    $190,477
    From this org
    $185,170
    From related orgs
    $0
    Other
    $5,307
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $99,462
    Bonus
    $0
    Other
    $85,708
    Deferred
    $4,729
    Nontaxable benefits
    $578
    Filer's total
    $190,477

  • Jacob Knabb

    Director Commercial Services

    Total calculated
    $140,839
    From this org
    $128,128
    From related orgs
    $0
    Other
    $12,711
    Hours/week
    40

  • Jakeeva Lee

    Director of Diversity

    Total calculated
    $161,826
    From this org
    $149,282
    From related orgs
    $0
    Other
    $12,544
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,067
    Bonus
    $3,500
    Other
    $20,715
    Deferred
    $5,632
    Nontaxable benefits
    $6,912
    Filer's total
    $161,826

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
The CEO is allowed a travel allowance of up to $3,500 per year for the purpose of allowing her spouse or family member to attend employer related out of town events. This is not treated as taxable compensation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Don Coleman: $69,300 Jacob Knabb: $52,300 Both individuals were terminated as part of a restructuring/cost reduction plan. Both individuals signed separation agreements.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Michelle Mills Clement (CEO) participated in the 457b plan that was established. She contributed $3,853 in calendar year 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202502249349302800

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