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Nonprofiteer
← CHARLOTTE REGIONAL REALTOR ASSOCIATION INC

Form 990 for tax year 2023

Filed by CHARLOTTE REGIONAL REALTOR ASSOCIATION INC.

Totals

Total revenue
$13,677,843
Total expenses
$9,992,588
Contributions and grants received
$0
Grants paid
$333,933
Program service revenue
$4,524,673
Investment income
$116,196
Other revenue
$9,036,974
Total assets, end of year
$58,977,702
Total liabilities, end of year
$3,598,802
Net assets or fund balances, end of year
$55,378,900
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.

  • 2a · Program service revenue: MEMBERSHIP INCOME

    total $3,630,515 · related or exempt $3,630,515

  • 2b · Program service revenue: EDUCATION INCOME

    total $655,247 · related or exempt $655,247

  • 2c · Program service revenue: SUPRAKEY INCOME

    total $149,958 · excluded $149,958

  • 2d · Program service revenue: SPONSORSHIPS

    total $88,953 · related or exempt $88,953

  • 3 · Investment income

    total $116,196 · excluded $116,196

  • 6a · Gross rents

    real property $1,100,973

  • 6b · Less rental expenses

    real property $663,765

  • 6c · Rental income or loss

    real property $437,208

  • 6d · Net rental income or loss

    total $437,208 · unrelated business $33,221 · excluded $403,987

  • 10a · Gross sales of inventory

    $77,038

  • 10b · Cost of goods sold

    $57,021

  • 10c · Net income from sales of inventory

    total $20,017 · unrelated business $16,879 · excluded $3,138

  • 11a · Other revenue: MANAGEMENT FEES

    total $5,695,337 · related or exempt $5,695,337

  • 11b · Other revenue: NET INCOME FROM WHOLLY OWNED SUB

    total $2,779,700 · excluded $2,779,700

  • 11c · Other revenue: ADVERTISING

    total $16,700 · unrelated business $16,700

  • 11d · All other revenue

    total $88,012 · related or exempt $36,147 · unrelated business $51,865

  • 11e · Other revenue, total

    $8,579,749

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $333,933

  • 5 · Compensation of officers, directors and key employees

    total $1,263,337

  • 7 · Other salaries and wages

    total $3,252,329

  • 8 · Pension plan contributions

    total $82,500

  • 9 · Other employee benefits

    total $952,245

  • 10 · Payroll taxes

    total $292,227

  • 11b · Fees: legal

    total $69,702

  • 11c · Fees: accounting

    total $93,528

  • 12 · Advertising and promotion

    total $362,985

  • 13 · Office expenses

    total $170,517

  • 14 · Information technology

    total $423,609

  • 16 · Occupancy

    total $402,331

  • 19 · Conferences, conventions and meetings

    total $272,867

  • 20 · Interest

    total $45,709

  • 22 · Depreciation, depletion and amortization

    total $673,446

  • 23 · Insurance

    total $71,200

  • 24a · Other expenses: EDUCATIONAL PROGRAMS

    total $666,921

  • 24b · Other expenses: MEMBER EVENTS

    total $264,912

  • 24c · Other expenses: ADVOCACY/MEMBER SVCS

    total $184,336

  • 24d · Other expenses: INCOME TAXES

    total $20,000

  • 24e · All other expenses

    total $93,954

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,306,666 · end of year $6,288,803

  • 2 · Savings and temporary cash investments

    beginning of year $1,316,949 · end of year $1,347,621

  • 4 · Accounts receivable

    beginning of year $30,402 · end of year $5,314

  • 8 · Inventories for sale or use

    beginning of year $129,939 · end of year $139,178

  • 9 · Prepaid expenses and deferred charges

    beginning of year $211,335 · end of year $85,981

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

    $25,030,642

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

    $4,196,995

  • 10c · Land, buildings and equipment, net

    beginning of year $21,724,280 · end of year $20,833,647

  • 11 · Investments: publicly traded securities

    beginning of year $3,283,046 · end of year $3,429,210

  • 14 · Intangible assets

    beginning of year $315,000 · end of year $297,500

  • 15 · Other assets

    beginning of year $23,989,061 · end of year $26,550,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $348,339 · end of year $429,272

  • 19 · Deferred revenue

    beginning of year $1,281,409 · end of year $1,788,207

  • 23 · Secured mortgages and notes payable

    beginning of year $1,951,825 · end of year $1,312,588

  • 25 · Other liabilities

    beginning of year $94,521 · end of year $68,735

  • 27 · Net assets without donor restrictions

    beginning of year $51,630,584 · end of year $55,378,900

Mission and programs · 2023

Mission

THE CHARLOTTE REGIONAL REALTOR (R) ASSOCIATION (CRRA) IS A TRADE ASSOCIATION SERVING MEMBERS IN MECKLENBURG, IREDELL AND HAYWOOD COUNTIES. AT DECEMBER 31, 2023, CRRA HAD 14,030 MEMBERS.

Activities or mission (Part I)

ADVANCING THE PROFESSION AND IMPROVING OUR COMMUNITIES.

  • CRRA PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH ITS CANOPY REAL ESTATE INSTITUTE SCHOOL. THE SCHOOL OFFERS A VARIETY OF NC REAL ESTATE COMMISSION APPROVED PRE-LICENSING AND POST-LICENSING CONTINUING EDUCATION AND PROFESSIONAL DESIGNATION COURSES FOR ITS MEMBERS. CRRA ALSO PROVIDES A VARIETY OF ADDITIONAL EDUCATIONAL PROGRAMS FREE TO MEMBERS, SUCH AS ITS REALTOR(R) HOT TOPICS AND BROKER BRIEFINGS SEMINARS, ON PERTINENT ISSUES AFFECTING MEMBERS AND THEIR BUSINESS.

  • CRRA PROVIDES LOCAL ADVOCACY BY BEING THE COLLECTIVE VOICE FOR LOCAL REALTORS(R), HOMEBUYERS, AND SELLERS. CRRA KEEPS MEMBERS INFORMED OF, AND COORDINATES INVOLVEMENT IN SUPPORT OR OPPOSITION OF, LEGISLATIVE AND/OR REGULATORY POLICIES AND ACTIONS THAT IMPACT THE HOME BUYING AND SELLING PROCESS AS WELL AS THE WAY MEMBERS DO BUSINESS.

  • CRRA PROVIDES GRIEVANCE AND PROFESSIONAL STANDARDS SERVICES TO ENFORCE THE HIGH STANDARDS OF CONDUCT EXPECTED FROM REALTOR(R) MEMBERS. CRRA PROVIDES A PROCESS WHERE MEMBERS AND THE GENERAL PUBLIC CAN FILE A COMPLAINT AGAINST A REALTOR(R) FOR VIOLATION OF THE NATIONAL ASSOCIATION OF REALTORS(R) CODE OF ETHICS OR FOR AN ARBITRATION DISPUTE. COMPLAINTS ARE HEARD BY THE GRIEVANCE COMMITTEE, AND IF DETERMINED TO HAVE MERIT, GO FORWARD FOR A HEARING BY THE PROFESSIONAL STANDARDS COMMITTEE. IN LIEU OF AN ARBITRATION HEARING, MEDIATION SERVICES ARE AVAILABLE.

As filed on the 2023 return.

Listed in Part VII

  • LEE ALLEN

    PAST PRESIDENT

    Total calculated
    $3,505
    From this org
    $1,000
    From related orgs
    $1,000
    Other
    $1,505
    Hours/week
    5 + 5 related

  • CINDI HASTINGS

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • CHARISMA DOCKERY-SMITH

    PRESIDENT-ELECT

    Total calculated
    $10,295
    From this org
    $4,500
    From related orgs
    $4,500
    Other
    $1,295
    Hours/week
    5 + 5 related

  • ALLEN DARGINS

    SECRETARY

    Total calculated
    $3,535
    From this org
    $1,000
    From related orgs
    $1,000
    Other
    $1,535
    Hours/week
    5 + 5 related

  • MAGDA ESOLA

    DIRECTOR

    Total calculated
    $1,265
    From this org
    $0
    From related orgs
    $0
    Other
    $1,265
    Hours/week
    1.5 + 0.5 related

  • TIFFANY JOHANNES

    PRESIDENT

    Total calculated
    $13,535
    From this org
    $6,000
    From related orgs
    $6,000
    Other
    $1,535
    Hours/week
    5 + 5 related

  • TIA WASHINGTON

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • MICHAEL WONG

    TREASURER (FROM 7/1/23)

    Total calculated
    $2,295
    From this org
    $500
    From related orgs
    $500
    Other
    $1,295
    Hours/week
    5 + 5 related

  • GEENA FIE

    TREASURER (THRU 6/30/23)

    Total calculated
    $2,025
    From this org
    $500
    From related orgs
    $500
    Other
    $1,025
    Hours/week
    5 + 5 related

  • ERIKA PITTMAN

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • PATRICK MCDOWELL

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • JONATHAN YEATTS

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • SALLIE MYRICK

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • BROOKE SINES

    DIRECTOR

    Total calculated
    $1,295
    From this org
    $0
    From related orgs
    $0
    Other
    $1,295
    Hours/week
    1.5 + 0.5 related

  • JAMIE YOUNG

    DIRECTOR

    Total calculated
    $1,475
    From this org
    $0
    From related orgs
    $0
    Other
    $1,475
    Hours/week
    1.5 + 0.5 related

  • ANNE MARIE DECATSYE

    CEO

    Total calculated
    $521,521
    From this org
    $468,907
    From related orgs
    $0
    Other
    $52,614
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $414,957
    Bonus
    $53,950
    Other
    $0
    Deferred
    $24,750
    Nontaxable benefits
    $27,864
    Filer's total
    $521,521

  • MICHELLE MCCOOL

    CFO

    Total calculated
    $219,629
    From this org
    $190,226
    From related orgs
    $0
    Other
    $29,403
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $180,226
    Bonus
    $0
    Other
    $10,000
    Deferred
    $14,330
    Nontaxable benefits
    $15,073
    Filer's total
    $219,629

  • STEVE BYRD

    CTO

    Total calculated
    $221,883
    From this org
    $187,245
    From related orgs
    $0
    Other
    $34,638
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $187,245
    Bonus
    $0
    Other
    $0
    Deferred
    $14,043
    Nontaxable benefits
    $20,595
    Filer's total
    $221,883

  • MICHELLE MCCASKILL

    GENERAL COUNSEL

    Total calculated
    $253,309
    From this org
    $209,750
    From related orgs
    $0
    Other
    $43,559
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $209,750
    Bonus
    $0
    Other
    $0
    Deferred
    $15,695
    Nontaxable benefits
    $27,864
    Filer's total
    $253,309

  • ASHLEY WHEELER

    SENIOR VP

    Total calculated
    $182,642
    From this org
    $154,475
    From related orgs
    $0
    Other
    $28,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,475
    Bonus
    $0
    Other
    $0
    Deferred
    $5,187
    Nontaxable benefits
    $22,980
    Filer's total
    $182,642

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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

  • CAROLINA MULTIPLE LISTING SERVICES INC

    C · MULTIPLE LISTING SERVICE · NC · 100% owned · share of income $18,101,591 · share of assets $30,045,009 · controlled entity

    Directly controlled by CHARLOTTE REGIONAL REALTOR(R)

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349301915

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