HAMPTON ROADS REALTORS ASSOCIATION INC

EIN: 540722682

CHESAPEAKE, VA

Total Revenue
$2,688,685
Total Expenses
$2,742,586
Total Assets
$11,419,107
Net Assets
$5,249,099
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
KIM GEORGES
Phone
7574739700
Tax Period
2023-01-01 to 2023-12-31

HAMPTON ROADS REALTORS ASSOCIATION INC, founded in 1972, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2018. The organization ran a surplus of $532K, a strong 17% operating margin.

Mission

TO PROMOTE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE INDUSTRY AND TO PROVIDE EDUCATIONAL AND NETWORKING OPPORTUNITIES TO REALTORS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,723,193
Program Service Revenue $739,121
Investment Income $48,210
Other Revenue $178,161
TOTAL REVENUE $2,688,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,457,681
Fundraising Expenses $0
Program Expenses $1,017,548
Other Expenses $1,284,905
TOTAL EXPENSES $2,742,586

Year-over-Year Comparison

2023 2022 Change
Revenue $2,688,685 $3,507,575 -0.2%
Expenses $2,742,586 $2,877,311 0.0%
Net Income $-53,901 $630,264 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
22
Volunteers
N/A

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
$0
Total Directors
14
$0
Key Employees
1
$242,125
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY JOHNSON CHAIRMAN OF 1.00
Officer
$0 $0 $0
KIM GEORGES PRESIDENT-EL 1.00
Officer
$0 $0 $0
PHILIP KAZMIERCZAK JR TREASURER 1.00
Officer
$0 $0 $0
BARBARA SGUEGLIA IMMEDIATE PA 1.00
Officer
$0 $0 $0
GLADYS FAIN DIRECTOR 1.00
Director
$0 $0 $0
SHERRY MASER DIRECTOR 1.00
Director
$0 $0 $0
REMONA MURMILLO DIRECTOR 1.00
Director
$0 $0 $0
MARY ROSS DIRECTOR 1.00
Director
$0 $0 $0
NELENE GIBBS DIRECTOR 1.00
Director
$0 $0 $0
JAY MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
LINDA BASS DIRECTOR 1.00
Director
$0 $0 $0
ROB WARING DIRECTOR 1.00
Director
$0 $0 $0
BOB MOHRHUSEN AFFILIATE CO 1.00
Director
$0 $0 $0
KATHERINE GONYEA COMMERCIAL C 1.00
Director
$0 $0 $0
WAIKIKI FRAZIER NEW HOMES CO 1.00
Director
$0 $0 $0
SEAN ROONEY OWNERS MANAG 1.00
Director
$0 $0 $0
CHRISTIAN PHILLIPS PM&L COUNCIL 1.00
Director
$0 $0 $0
KATIE VERHALEN RESALE COUNC 1.00
Director
$0 $0 $0
DAWN KENNEDY CEO 40.00
Key Emp
$201,500 $40,625 $242,125
MISTY PRITCHETT COO 40.00
Highest
$127,617 $9,756 $137,373
RICHARD ZAK COMPTROLLER 40.00
Highest
$110,000 $7,531 $117,531
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 $2,688,685 $2,742,586 $11,419,107 $-53,901
2022 $3,507,575 $2,877,311 $11,919,571 $630,264
2021 $2,693,290 $2,611,912 $13,472,521 $81,378
2020 $1,919,810 $2,589,006 $13,217,114 $-669,196
2019 $2,860,464 $2,528,554 $13,883,020 $331,910
2018 $3,042,779 $2,510,472 $13,493,178 $532,307
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