2020-10-27T15:47:39-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2019-01-01 201544138 ORLANDO REGIONAL REALTOR FOUNDATION INC ORLA 4075137554 1330 LEE ROAD ORLANDO FL 32810 ROBERT MUSZYNSKI VICE PRESIDENT OF FINANCE 4075137554 2020-10-15 1 AMY CHAPMAN P00843460 4078021200 2020-10-12 67.137.57.251 2020-10-15 10:00:05 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9E5EFC444F94EF5D1CB4AFD80C337CE16910289 2019 2021-01-29 14:40:06Z CLIFTON LONG 1330 LEE ROAD ORLANDO FL 32810 164547 0 X WWW.ORLANDOREALTORSFOUNDATION.ORG X 2003 FL TO SERVE CENTRAL FLORIDA THROUGH HOUSING DEVELOPMENT AND FURTHER PROFESSIONALISM OF THE REALTOR. 16 16 0 25 0 0 122510 164547 0 0 0 0 0 0 122510 164547 182974 0 0 0 0 0 0 0 22742 93138 67825 276112 67825 -153602 96722 582590 691433 97390 109511 485200 581922 X TO ADDRESS CENTRAL FLORIDA'S NEED FOR AFFORDABLE, WORKFORCE HOUSING, TO ENHANCE THE QUALITY OF LIFE WITH FLORIDA COMMUNITIES, AND TO IMPROVE THE PROFESSIONAL AND EDUCATIONAL STANDARDS OF THE REAL ESTATE PROFESSIONAL. 0 0 24913 HEROES' COMMON AT JEFFERSON PARK - IN EARLY 2013, THE FLORIDA REAL ESTATE FOUNDATION AND THE CITY OF ORLANDO MET TO DISCUSS THE POSSIBILITY OF DOING AN AFFORDABLE HOUSING PROJECT WITHIN THE CITY LIMITS. THE RESULT OF THIS DISCUSSION WAS THE CREATION OF "HEROES' COMMONS AT JEFFERSON PARK" IN THE DOWNTOWN ORLANDO PARRAMORE COMMUNITY. THE PRIMARY GOAL OF THE PROJECT IS TO PROVIDE MORTGAGE-FREE, SAFE, AND ATTRACTIVE HOMES FOR VETERANS OF THE US ARMED SERVICES, DISABLED VETERANS, OR LOCAL LAW ENFORCEMENT OFFICERS & FIRST RESPONDERS. AS OF DECEMBER 31,2019, HOUSES ON THREE OF THE SIX LOTS WERE SUCCESSFULLY COMPLETED, AND WERE DONATED TO INDIVIDUALS (THE HOMEOWNER) THAT MET THE SELECTION CRITERIA OF THE PROGRAM.DURING 2018 AND 2019, THE FOUNDATION RECEIVED $44,562 AND $41,361,RESPECTIVELY, OF CONTRIBUTED MANAGEMENT SERVICES FROM ORRA'S KEY EXECUTIVES RELATED TO THE HEROES' COMMONS AT JEFFERSON PARK PROJECT, WHICH WAS RECORDED AS IN-KIND CONTRIBUTIONS IN THE FINANCIAL STATEMENTS. 24913 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X ROBERT MUSZYNSKI 4075137554 1330 LEE ROAD ORLANDO FL 32810 ROBERT CALDWELL CHAIRMAN 16.00 X X 0 0 0 BRIAN WARNER VICE-CHAIRMAN 8.00 X X 0 0 0 EMMA REICHERT TREASURER 4.00 X X 0 0 0 KATHLEEN GALLAGHER MCIVER IMMEDIATE PAST CHAIR 4.00 X X 0 0 0 STEPHEN BAKER DIRECTOR 4.00 X 0 0 0 SCOTT BOYD DIRECTOR 4.00 X 0 0 0 JEFF FAGAN DIRECTOR 4.00 20.00 X 0 0 0 LISA HILL DIRECTOR 4.00 4.00 X 0 0 0 STEVE MERCHANT DIRECTOR 4.00 X 0 0 0 LOU NIMKOFF DIRECTOR 4.00 8.00 X 0 0 0 JOYCE ODONGO DIRECTOR 4.00 X 0 0 0 CANDICE SIMMONS DIRECTOR 4.00 X 0 0 0 REESE STEWART DIRECTOR 4.00 16.00 X 0 0 0 SHARON VOSS DIRECTOR 4.00 X 0 0 0 JUDITH KOVISARS DIRECTOR 4.00 X 0 0 0 TANSEY SODERSTROM DIRECTOR 4.00 4.00 X 0 0 0 CLIFFORD LONG CHIEF EXECUTIVE OFFICER 8.00 40.00 X 0 321326 15000 ROBERT MUSZYNSKI VICE PRESIDENT OF FINANCE 4.00 40.00 X 0 102788 10000 EILEEN ELLIOTT EXECUTIVE DIRECTOR 16.00 40.00 X 0 122531 10000 AMANDA ORNELAS CHIEF OPERATING OFFICER 1.00 40.00 X 0 122738 10000 0 669383 45000 0 0 1 0 0 82803 81744 164547 164547 0 0 0 20649 20649 13434 2256 11178 4552 4552 3753 3080 673 65 65 2633 1711 922 MAINTENANCE EXPENSES 17866 17866 MISC EXPENSES 4873 2780 2093 67825 24913 20170 22742 52585 38246 14491 175 312 3901 65 0 3836 515339 649039 582590 691433 7390 15891 90000 90000 0 3620 97390 109511 X 22200 29000 463000 552922 485200 581922 582590 691433 96722 0 X 0 1 X 1 0 X 440713 238323 188636 122510 164547 1154729 440713 238323 188636 122510 164547 1154729 339728 815001 4000 4108 2900 11008 1165737 0.69910 0.67480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3901 65 3836 3836 BUILDING LOTS AND CONSTRUCTION COSTS 649039 649039 DUE TO/FROM RELATED PARTY 3620 3620 X 205908 41361 41361 164547 0 164547 109186 41361 41361 67825 0 67825 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENTS OF FINANCIAL POSITION. THE FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2B $41,361 IS THE DONATED SERVICE FROM THE RELATED ENTITY, ORLANDO REGIONAL REALTOR ASSOCIATION, INC. 0 0 0 0 0 0 0 0 0 CLIFFORD LONG CHIEF EXECUTIVE OFFICER 0 286326 0 35000 0 0 0 0 0 15000 0 336326 0 0 PART I, LINE 4 THE ORGANIZATION DID NOT COMPENSATE ANY CURRENT OFFICER, DIRECTOR, OR TRUSTEE. HOWEVER, SOME OF THE OFFICERS AND DIRECTORS WERE PAID BY THE RELATED ORGANIZATION (ORLANDO REGIONAL REALTOR ASSOCIATION, INC.(ORRA)). THE ORRA'S BOARD OF DIRECTORS' BUSINESS PRACTICE IS TO APPOINT A SEARCH COMMITTEE FOR THE SEARCH AND SELECTION OF THE CHIEF EXECUTIVE OFFICER. THE SEARCH COMMITTEE (7 MEMBERS) HAS THE AUTHORITY OF HIRING A CONSULTANT TO ASSIST THE COMMITTEE IN THE SEARCH. THE CONSULTANT AND THE MEMBERS OF THE SEARCH COMMITTEE ARE FULLY INDEPENDENT. THE ORGANIZATION ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ACCORDING TO A WRITTEN CONTRACT, WHICH IS RATIFIED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT PERFORMS A SALARY SURVEY EACH YEAR, UTILIZING COMPARABILITY SURVEYS AND/OR OTHER WAGE RESEARCH, AND PAYSCALE IS ADJUSTED ACCORDINGLY FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE ELECTED TRUSTEES SHALL BE SELECTED BY ORLANDO REGIONAL REALTOR ASSOCIATION'S BOARD OF DIRECTORS. THE ASSOCIATION'S EXECUTIVE COMMITTEE SHALL PRESENT TO ITS BOARD OF DIRECTORS NO LATER THAN SEPTEMBER EACH YEAR, THE NAMES OF RECOMMENDED CANDIDATES TO FILL THE VACANCIES OF THE RETIRING ELECTED TRUSTEES AND ANY OTHER THEN EXISTING VACANCIES ON THE FOUNDATION BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE VICE PRESIDENT AND THE VICE PRESIDENT OF FINANCE ARE RESPONSIBLE FOR THE REVIEW OF FORM 990. FORM 990 IS AVAILABLE TO THE GOVERNING BOARD AS PER THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. NEW BOARD MEMBERS COMPELTE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ORIENTATION. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE BOARD PRESIDENT AND CHIEF EXECUTIVE OFFICER. ANY BOARD MEMBER HAVING A POSSIBLE OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE ON THE MATTER, AND SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE SAME PROCESS APPLIES TO KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ORLANDO REGIONAL REALTOR ASSOCIATION INC 1330 LEE ROAD ORLANDO FL 32810 590859806 REALTOR ASSOCIATION FL 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 ORLANDO REGIONAL REALTOR ASSOCIATION INC M 41361 ESTIMATE ORLANDO REGIONAL REALTOR ASSOCIATION INC C 82803 FMV