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← HOWARD COUNTY ASSOCIATION OF REALTORS INC

Form 990 for tax year 2024

Filed by HOWARD COUNTY ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$996,331
Total expenses
$1,062,598
Contributions and grants received
$82
Grants paid
$11,507
Program service revenue
$790,649
Investment income
$197,823
Other revenue
$7,777
Total assets, end of year
$3,478,430
Total liabilities, end of year
$289,213
Net assets or fund balances, end of year
$3,189,217
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $82

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $629,646 · related or exempt $629,646

  • 2b · Program service revenue: MARS ADMIN SUPPORT FEE

    total $64,635 · related or exempt $64,635

  • 2c · Program service revenue: EVENTS

    total $52,398 · related or exempt $52,398

  • 2d · Program service revenue: NAR/MAR/BRIGHT MLS INC

    total $32,049 · related or exempt $32,049

  • 2e · Program service revenue: EDUCATION

    total $10,835 · related or exempt $10,835

  • 2f · All other program service revenue

    total $1,086 · unrelated business $1,086

  • 3 · Investment income

    total $197,823 · excluded $197,823

  • 6a · Gross rents

    real property $100

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $100

  • 6d · Net rental income or loss

    total $100 · related or exempt $100

  • 10a · Gross sales of inventory

    $4,597

  • 10b · Cost of goods sold

    $3,493

  • 10c · Net income from sales of inventory

    total $1,104 · unrelated business $1,104

  • 11a · Other revenue: REWARDS POINTS

    total $5,391 · excluded $5,391

  • 11b · Other revenue: REFUNDS/REIMBUREMENTS

    total $792 · excluded $792

  • 11c · Other revenue: OTHER MISC. INCOME

    total $390 · excluded $390

  • 11e · Other revenue, total

    $6,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,823

  • 2 · Grants to domestic individuals

    total $684

  • 5 · Compensation of officers, directors and key employees

    total $147,290

  • 7 · Other salaries and wages

    total $291,938

  • 8 · Pension plan contributions

    total $2,090

  • 9 · Other employee benefits

    total $33,299

  • 10 · Payroll taxes

    total $30,341

  • 11b · Fees: legal

    total $3,030

  • 11c · Fees: accounting

    total $59,021

  • 11f · Fees: investment management

    total $3,920

  • 11g · Fees: other

    total $15,629

  • 12 · Advertising and promotion

    total $10,566

  • 13 · Office expenses

    total $52,551

  • 14 · Information technology

    total $86,465

  • 16 · Occupancy

    total $55,049

  • 17 · Travel

    total $45,614

  • 19 · Conferences, conventions and meetings

    total $159,722

  • 22 · Depreciation, depletion and amortization

    total $37,373

  • 23 · Insurance

    total $6,343

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,488

  • 24b · Other expenses: GIFTS AND AWARDS

    total $1,933

  • 24c · Other expenses: UBI TAX

    total $1,627

  • 24d · Other expenses: BAD DEBT

    total $802

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,553 · end of year $162,427

  • 2 · Savings and temporary cash investments

    beginning of year $464,734 · end of year $270,552

  • 8 · Inventories for sale or use

    beginning of year $5,649 · end of year $6,437

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,992 · end of year $69,785

  • 10a · Land, buildings and equipment: cost or other basis

    $1,722,130

  • 10b · Land, buildings and equipment: accumulated depreciation

    $517,061

  • 10c · Land, buildings and equipment, net

    beginning of year $1,240,660 · end of year $1,205,069

  • 11 · Investments: publicly traded securities

    beginning of year $1,475,874 · end of year $1,745,076

  • 13 · Investments: program-related

    beginning of year $25,528 · end of year $17,964

  • 15 · Other assets

    beginning of year $3,600 · end of year $1,120

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,692 · end of year $48,326

  • 19 · Deferred revenue

    beginning of year $230,276 · end of year $222,680

  • 25 · Other liabilities

    beginning of year $14,496 · end of year $18,207

  • 27 · Net assets without donor restrictions

    beginning of year $3,172,126 · end of year $3,189,217

Mission and programs · 2024

Mission

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSES OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS.

  • MEMBERSHIP - THE ASSOCIATION PROVIDES ITS BUSINESS MEMBERS WITH EVENTS AND INFORMATION DESIGNED TO ASSIST THEM IN SUCCESSFULLY CONDUCTING THEIR BUSINESSES WITHIN HOWARD COUNTY. AS OF OCTOBER 31, 2025, THE ASSOCIATION PROVIDED 2,144 BUSINESS MEMBERS WITH THE AFOREMENTIONED EVENTS AND INFORMATION.

  • EDUCATION - THE ASSOCIATION OFFERS A NUMBER OF EDUCATIONAL CLASSES IN ORDER TO KEEP ITS MEMBERS UPDATED IN THE FIELD.

  • EVENTS - THE ASSOCIATION OFFERS OPPORTUNITIES TO MAKE NEW BUSINESS CONTACTS AND NETWORK WITH OTHER BUSINESS PEOPLE AT VARIOUS PROGRAMS AND EVENTS THAT IT ORGANIZES DURING THE YEAR. IT ALSO HOLDS EVENTS FOR THE PURPOSE OF PROVIDING INFORMATION AND RESOURCES THAT IMPACT BUSINESS TO ITS MEMBERS. FOR THE YEAR ENDED OCTOBER 31, 2025, THE ASSOCIATION ORGANIZED FIVE EVENTS.

  • GOVERNMENT AFFAIRS - THE ASSOCIATION MONITORS COUNTY AND LEGISLATIVE ACTIVITIES THAT AFFECT THE CONDUCT OF ITS MEMBERS' BUSINESSES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JIMMIE JENNINGS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CAITLIN MCKENNA

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • PIET DE DREU

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MALAIKA TYLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TONY ZOWD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DAWN DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENEE MANKOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYCE JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORY FLERE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMYLEX CONTEH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • QUAJALYN AMOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY GILBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN ABNEY-SPIVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH RAYNE

    CEO

    Total calculated
    $135,824
    From this org
    $125,734
    From related orgs
    $0
    Other
    $10,090
    Hours/week
    40

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.

Grants on this return

  • MAKING CHANGE INC

    $9,426

    TO COORDINATE AND PROVIDE HOMEOWNERSHIP EDUCATION CLASSES TO UNDERSERVED COMMUNITIES IN HOWARD COUNTY.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602059349301045

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