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Nonprofiteer
← THE CHICAGO ASSOCIATION OF REALTORS INC

Form 990 for tax year 2024

Filed by THE CHICAGO ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$8,293,923
Total expenses
$8,625,181
Contributions and grants received
$82,444
Grants paid
$38,985
Program service revenue
$7,779,020
Investment income
$199,641
Other revenue
$232,818
Total assets, end of year
$6,633,008
Total liabilities, end of year
$4,176,319
Net assets or fund balances, end of year
$2,456,689
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

  • Erika Vilegas

    President

    Total calculated
    $9,750
    From this org
    $9,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.2 related

  • Lutalo McGee

    President-Elect

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 0.2 related

  • Victoria Silvano

    Treasurer

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

  • Amy Hall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Wu

    Director

    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

  • Genie Birch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hipolito Garcia

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kim Kerbis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Hattar

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marki Lemons Ryhal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Megan Oswald

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • Michael Williamson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Scheid

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • Sarah Ware

    Past President

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sheila Dantzler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Staci Slattery

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wayne Beals

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Naso

    VP Membership (10/24-05/25) COO (beginning 05/25)

    Total calculated
    $186,906
    From this org
    $180,800
    From related orgs
    $0
    Other
    $6,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,800
    Bonus
    $20,000
    Other
    $3,000
    Deferred
    $5,442
    Nontaxable benefits
    $664
    Filer's total
    $186,906

  • Jessica Kern

    Chief Communications Officer

    Total calculated
    $243,083
    From this org
    $226,958
    From related orgs
    $0
    Other
    $16,125
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,451
    Bonus
    $20,000
    Other
    $14,507
    Deferred
    $6,981
    Nontaxable benefits
    $9,144
    Filer's total
    $243,083

  • Michelle Mills Clement

    CEO

    Total calculated
    $544,935
    From this org
    $503,864
    From related orgs
    $0
    Other
    $41,071
    Hours/week
    51 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $382,818
    Bonus
    $85,000
    Other
    $36,046
    Deferred
    $10,350
    Nontaxable benefits
    $30,721
    Filer's total
    $544,935

  • Robert Schmidt

    CFO

    Total calculated
    $254,950
    From this org
    $240,447
    From related orgs
    $0
    Other
    $14,503
    Hours/week
    46 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $198,786
    Bonus
    $20,000
    Other
    $21,661
    Deferred
    $7,349
    Nontaxable benefits
    $7,154
    Filer's total
    $254,950

  • Zachariah Wahlquist

    COO (through 01/25)

    Total calculated
    $278,640
    From this org
    $261,435
    From related orgs
    $0
    Other
    $17,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,179
    Bonus
    $22,000
    Other
    $5,256
    Deferred
    $8,042
    Nontaxable benefits
    $9,163
    Filer's total
    $278,640

  • Brent Dornbos

    Sr Director of Events

    Total calculated
    $147,439
    From this org
    $130,618
    From related orgs
    $0
    Other
    $16,821
    Hours/week
    45

  • Chelsea Hayes

    Chief of Staff

    Total calculated
    $197,529
    From this org
    $185,342
    From related orgs
    $0
    Other
    $12,187
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $172,842
    Bonus
    $10,000
    Other
    $2,500
    Deferred
    $3,860
    Nontaxable benefits
    $8,327
    Filer's total
    $197,529

  • Chris Huizenga

    Director of School

    Total calculated
    $144,213
    From this org
    $125,478
    From related orgs
    $0
    Other
    $18,735
    Hours/week
    41

  • Jay Turner

    HR & Operations Mgr

    Total calculated
    $114,326
    From this org
    $102,140
    From related orgs
    $0
    Other
    $12,186
    Hours/week
    40

  • Mary Beth Durkin

    Sponsorship Account Manager

    Total calculated
    $127,819
    From this org
    $115,330
    From related orgs
    $0
    Other
    $12,489
    Hours/week
    42

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4b Supplemental nonqualified retirement plan
Michelle Mills Clement (CEO) participated in the 457b plan that was established. She contributed $4,114 in calendar year 2024.

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
2024
Filed
8 July 2026
IRS schema version
2024v5.1
Source object
202641899349301809

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