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Nonprofiteer
← REALTORS RELIEF FOUNDATION

Form 990 for tax year 2023

Filed by REALTORS RELIEF FOUNDATION.

Totals

Total revenue
$4,475,840
Total expenses
$4,603,115
Contributions and grants received
$4,110,540
Grants paid
$4,603,115
Program service revenue
$0
Investment income
$365,300
Other revenue
$0
Total assets, end of year
$11,390,643
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,390,643
Program services expenses (Part IX)
$4,603,115
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,603,115

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $457,197

  • 1f · All other contributions, gifts and grants

    $3,653,343

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $365,300 · excluded $365,300

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,996,893 · program services $2,996,893

  • 2 · Grants to domestic individuals

    total $1,606,222 · program services $1,606,222

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $548,008 · end of year $573,659

  • 2 · Savings and temporary cash investments

    beginning of year $10,237,200 · end of year $10,354,201

  • 3 · Pledges and grants receivable

    beginning of year $667,937 · end of year $460,586

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $43,791 · end of year $2,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,496,936 · end of year $11,390,143

  • 28 · Net assets with donor restrictions

    end of year $500

Mission and programs · 2023

Mission

The Foundation is a 501(c)(3) nonprofit corporation dedicated to providing housing-related assistance to victims and their families in disaster situations affecting the United States of America and its territories.

  • DURING 2023, GRANTS WERE DISTRIBUTED TO ASSIST TO VICTIMS OF 22 DISASTER SITUATIONS. THE AMOUNTS COLLECTED FOR SPECIFIC DISASTROUS EVENTS WERE PROMPTLY DISTRIBUTED TO PROVIDE TIMELY ASSISTANCE. THE FOUNDATION WORKS DIRECTLY WITH STATE AND LOCAL REALTOR ASSOCIATIONS TO PROVIDE FINANCIAL ASSISTANCE FOR DISASTER RELIEF EFFORTS ORGANIZED IN THEIR AREAS.

    Expenses $4,603,115 · Grants $4,603,115

As filed on the 2023 return.

Listed in Part VII

  • David Charron

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael McGrew

    President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Andrea Bushnell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Rogers

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Gregory Hrabcak

    Director

    Total calculated
    $193,800
    From this org
    $0
    From related orgs
    $193,800
    Other
    $0
    Hours/week
    1 + 31 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $193,800 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,800 related

  • Leigh Brown

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Michael Ford

    Immediate Past President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Norman Morris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pat Ziggy Zicarelli

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Shanta Patton

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Pierpoint

    Treasurer/Secretary

    Total calculated
    $851,296
    From this org
    $0
    From related orgs
    $794,320
    Other
    $56,976
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,376 related
    Bonus
    $0 + $227,400 related
    Other
    $0 + $5,544 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $23,976 related
    Filer's total
    $0 + $851,296 related

  • Nick Falco

    EXECUTIVE DIRECTOR

    Total calculated
    $215,781
    From this org
    $0
    From related orgs
    $174,368
    Other
    $41,413
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $162,465 related
    Bonus
    $0 + $11,000 related
    Other
    $0 + $903 related
    Deferred
    $0 + $17,437 related
    Nontaxable benefits
    $0 + $23,976 related
    Filer's total
    $0 + $215,781 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED AND PAID BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION. NAR UTILIZES THE FOLLOWING METHODS TO DETERMINE THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OF DIRECTORS

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.

  • NATIONAL ASSOCIATION OF REALTORS

    501(c)(6) · MEMBER SERVICES · IL

    Directly controlled by NA

  • LEONARD P REAUME MEMORIAL FOUNDATION

    501(c)(3) · EDUCATION · IL

    Directly controlled by NAR

  • CENTER FOR REALTOR DEVELOPMENT

    501(c)(6) · EDUCATION · IL

    Directly controlled by NAR

  • NAR CONGRESSIONAL FUND

    527 · POLITICAL ACTIVITY · IL

    Directly controlled by NAR

  • NAR FUND

    527 · POLITICAL ACTIVITY · IL

    Directly controlled by NAR

  • AMERICAN PROPERTY OWNERS ALLIANCE

    501(c)(4) · ADVANCING AND PROMOTING ISSUES OF CONCERN TO PROPERTY OWNERS THROUGHOUT AMERICA · DC

    Directly controlled by NAR

  • REALTORS POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTIVITY · IL

    Directly controlled by NAR

  • REALTOR FUND FOR GLOBAL ASSISTANCE

    501(c)(3) · INTERNATIONAL DISASTER RELIEF · IL

    Directly controlled by NAR

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SENTRILOCK INTERNATIONAL LLC

    N/A · LOCKBOX SALES AND SUPPORT · OH

    Directly controlled by NA

  • REACH CANADA VENTURES 2020 LIMITED PARTNERSHIP

    N/A · INVESTMENT MANAGEMENT · IL

    Directly controlled by NA

Related corporations and trusts

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

  • REALTORS INFO NETWORK INC

    C Corporation · REAL ESTATE INFO · IL

    Directly controlled by NA

  • NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES CORPORATION AND SUBSID IARIES

    C Corporation · REAL ESTATE SERVICES · IL

    Directly controlled by NA

  • KEYNETICS LTD FKA CAS ONE HOLDINGS LIMITED

    C Corporation · LOCKBOX SALES · UK

    Directly controlled by NA

  • SENTRILOCK LLC

    C Corporation · Lockbox sales and support · OH

    Directly controlled by NA

  • REALTOR PROPERTY RESOURCE LLC

    C Corporation · PROPERTY DATABASE · IL

    Directly controlled by NA

  • SECOND CENTURY VENTURES LLC

    C Corporation · INVESTMENT MANAGEMENT · IL

    Directly controlled by NA

  • REACH ASEA PTY LTD (FDRE)

    C Corporation · INVESTMENT MANAGEMENT · IL

    Directly controlled by NA

  • REACH ASEA HOLDINGS PTY LTD (FDRE)

    C Corporation · INVESTMENT MANAGEMENT · IL

    Directly controlled by NA

  • REACH CANADA ACCELERATOR LTD (CFC)

    C Corporation · INVESTMENT MANAGEMENT · CA

    Directly controlled by NA

  • REACH UK ACCELERATOR LTD (CFC)

    C Corporation · INVESTMENT MANAGEMENT · UK

    Directly controlled by NA

  • REACH CANADA 2020 VENTURES LTD (CFC)

    C Corporation · INVESTMENT MANAGEMENT · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202412089349300721

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