Center for REALTOR Development Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

3123298200

Tax Period

2023-01-01 to 2023-12-31

Center for REALTOR Development Inc, founded in 1997, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2023. Net assets of $23.9M represent 31 months of operating reserves.

Mission

The mission of the Center for REALTOR Development (CRD) is to promote the interest of members by creating and presenting educational programs; encouraging high standards through the creation/awarding of designations, certifications and degrees in real estate; and working with the NAR for the enactment of laws to advance interests of members.

Program Service Accomplishments

Program 1

THE ACCREDITED BUYER'S REPRESENTATIVE (ABR) DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF HOMEBUYERS AND ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPDATES THAT HELP MEMBERS TO STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT HOMEBUYERS. IN ADDITION, MEMBERS RECEIVE MARKETING TOOLS (INCLUDING THE HOMEBUYERS TOOLKIT) TO ENHANCE SERVICES TO CLIENTS AND ACCESS TO MEMBERS ONLY RESOURCES AND PUBLICATIONS.

Program 2

THE SENIOR REAL ESTATE SPECIALIST DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF OLDER-AMERICANS AND WITH ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPGRADES THAT HELP MEMBERS STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT OLDER-AMERICANS. ALSO, SEVERAL OTHER EDUCATIONAL ELECTIVE OPTIONS ARE OFFERED AS A PART OF THE ACCREDITED BUYER'S REPRESENTATIVE DESIGNATION PROGRAM. THESE INCLUDE COURSES DESIGNED TO ENHANCE MEMBER TECHNICAL SKILLS, MANAGEMENT SKILLS AND REAL ESTATE SAVVY.

Program 3

THE SHORT SALES AND FORECLOSURES CERTIFICATION PROGRAM EDUCATES MEMBERS ON HOW TO HELP SELLERS MANEUVER THE COMPLEXITIES OF SHORT SALES AS WELL AS HELP BUYERS PURSUE SHORT SALE AND FORECLOSURE...

THE SHORT SALES AND FORECLOSURES CERTIFICATION PROGRAM EDUCATES MEMBERS ON HOW TO HELP SELLERS MANEUVER THE COMPLEXITIES OF SHORT SALES AS WELL AS HELP BUYERS PURSUE SHORT SALE AND FORECLOSURE OPPORTUNITIES BY PROVIDING PROPER TOOLS AND TRAINING THAT MEMBERS CAN USE TO BUILD THEIR BUSINESS FOR THE LONG-TERM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,439,173

Investment Income $797,010

Other Revenue $43,500

TOTAL REVENUE $9,279,683

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $3,308,799

Fundraising Expenses $0

Program Expenses $0

Other Expenses $5,654,814

TOTAL EXPENSES $9,063,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,279,683	$8,600,055	+0.1%
Expenses	$9,063,613	$7,816,519	+0.2%
Net Income	$216,070	$783,536	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,662,802

Total Directors

$4,810,321

Key Employees

$206,216

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President (THRU 11/17/2023)	1.0	Officer Director	$0	$56,976	$3,059,724
N/A	SECRETARY/TREASURER	7.5	Officer Director	$0	$56,976	$763,655
N/A	Interim President (BEG 11/20/2023)	1.0	Officer Director	$0	$56,976	$484,589
N/A	BOARD MEMBER (THRU 8/28/2023)	1.0	Director	$0	$0	$220,859
N/A	BOARD MEMBER (NAR President)	1.0	Director	$0	$0	$281,494
N/A	VICE PRESIDENT AND EXECUTIVE DIRECTOR	37.5	Officer	$300,780	$54,054	$354,834
N/A	DIRECTOR OF BUSINESS AND INSTRUCTOR DEVELOPMENT	37.5	Key Emp	$165,673	$40,543	$206,216
N/A	DIRECTOR OF MARKETING AND EVENTS	37.5	Highest	$147,588	$38,735	$186,323
N/A	Director of Learning and Development	37.5	Highest	$142,117	$38,188	$180,305
N/A	Manager, Learning and Digital Design	37.5	Highest	$107,943	$34,770	$142,713
N/A	Manager, Learning and Development Programs	37.5	Highest	$114,284	$35,404	$149,688
N/A	Director of Credentials and Operations	37.5	Highest	$144,623	$38,438	$183,061

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$9,279,683	$9,063,613	$27,241,815	$216,070
2022	$8,600,055	$7,816,519	$25,910,426	$783,536
2021	$9,121,401	$8,112,354	$26,431,436	$1,009,047
2020	$10,219,477	$8,364,220	$25,718,110	$1,855,257
2019	$8,747,852	$7,643,241	$23,293,898	$1,104,611
2018	$8,119,470	$7,736,334	$21,525,366	$383,136