HAMPTON ROADS ASSOCIATION FOR COMMERCIAL REAL ESTATE

EIN: 541648222

VIRGINIA BEACH, VA

Total Revenue
$312,633
Total Expenses
$342,563
Total Assets
$349,341
Net Assets
$345,580
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Phone
7574812494
Tax Period
2023-01-01 to 2023-12-31

HAMPTON ROADS ASSOCIATION FOR COMMERCIAL REAL ESTATE, founded in 1993, is a small nonprofit that reported $251K in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $305K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO EDUCATE AND INFORM THE COMMERCIAL REAL ESTATE INDUSTRY AND OTHER INTERESTED PARTIES OF IMPORTANT TIMELY REAL ESTATE ISSUES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $126,825
Program Service Revenue $140,200
Investment Income $6,266
Other Revenue $39,342
TOTAL REVENUE $312,633

Expense Breakdown

Grants Paid $15,574
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $326,989
TOTAL EXPENSES $342,563

Year-over-Year Comparison

2023 2022 Change
Revenue $312,633 $390,491 -0.2%
Expenses $342,563 $319,126 +0.1%
Net Income $-29,930 $71,365 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
32
Employees
N/A
Volunteers
232

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
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 2.0
Officer Director
$0 $0 $0
N/A President-Elect 2.0
Officer Director
$0 $0 $0
N/A Secretary 2.0
Officer Director
$0 $0 $0
N/A PRESIDENT 2.0
Officer Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
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 $312,633 $342,563 $349,341 $-29,930
2022 $390,491 $319,126 $376,268 $71,365
2021 $315,700 $268,649 $305,100 $47,051
2020 $226,469 $193,491 $258,474 $32,978
2019 $399,438 $317,926 $225,498 $81,512
2018 $251,094 $305,079 $161,291 $-53,985
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