2016-08-08T10:55:19-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2015-01-01 201544138 FLORIDA REAL ESTATE FOUNDATION INC FLOR 4075137554 1330 LEE ROAD ORLANDO FL 32810 JACQUE STANLY ASSOCIATION EXECUTIVE 4075137554 2016-07-19 1 AMY CHAPMAN P00843460 4078021200 2016-07-19 2015 2016-12-15 16:53:06Z X JACQUELYN STANLY 1330 LEE ROAD ORLANDO FL 32810 444713 0 X HTTP://WWW.FLORIDAREALESTATEFOUNDATION.COM X 2003 FL 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. 10 10 0 19 0 0 0 440713 0 0 0 0 0 -12212 0 428501 0 1197 0 0 0 0 0 0 0 0 27530 0 28727 0 399774 317822 901408 55921 239733 261901 661675 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. 1 0 6287 1197 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 PARAMORE 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. THE ANTICIPATED YEARS OF CONSTRUCTION AND COMPLETION OF ALL SIX-HOMES, 2016-2017.DURING 2015 AND 2014, THE FOUNDATION RECEIVED $20,749 AND $28,099,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 ACCOMPANYING STATEMENTS OF ACTIVITIES. 6287 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 12 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 X ROBERT MUSZYNSKI 4075137554 1330 LEE ROAD ORLANDO FL 32810 BEVERLY EVANS CHAIRMAN 16.00 X X 0 0 0 KATHLEEN MCIVER VICE-CHAIRMAN 16.00 X X 0 0 0 BEVERLY Y PINDLING PAST-CHAIR 16.00 X X 0 0 0 ROBERT CALDWELL TREASURER 16.00 X X 0 0 0 BRIAN WARNER DIRECTOR 16.00 X 0 0 0 JOHN LAZENBY DIRECTOR 16.00 X 0 0 0 SHARON VOSS DIRECTOR 16.00 X 0 0 0 STEVE MERCHANT DIRECTOR 16.00 X 0 0 0 LELIA ALLEN DIRECTOR 16.00 X 0 0 0 ALLIE BRASWELL JR DIRECTOR 16.00 X 0 0 0 JACQUELYN STANLY ASSOCIATION EXECUTIVE 2.00 X 0 283644 22114 HECTOR SANCHEZ VP OF FINANCE 6.00 X 0 125393 16721 0 409037 38835 0 0 1 0 0 126000 314713 440713 4000 12179 -8179 -8179 -8179 0 4033 -4033 -4033 428501 0 0 -12212 1197 1197 1646 1317 329 848 848 8235 8235 3336 1021 2315 20 20 1052 1052 4460 4460 DUES AND SUBSCRIPTIONS 4844 4844 MAINTENANCE EXPNESES FO 1904 1904 BANK SERVICE CHARGES 1019 1019 MISC EXPENSES 166 166 28727 6287 22440 0 159623 710391 5667 38583 5775 544 2674 2570 50000 4831 47168 45169 96915 104151 317822 901408 3769 12025 45000 225000 7152 2708 55921 239733 X 38485 33569 223416 628106 261901 661675 317822 901408 399774 0 X X 0 1 X 1 0 X 4180 71000 158056 440713 673949 4180 71000 158056 440713 673949 296044 377905 3000 6000 4000 13000 686949 0.55010 0.48730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 4831 45169 45169 BUILDING LOTS AND CONSTRUCTION COSTS 104151 104151 DUE TO ORLANDO REGIONAL REALTOR ASSOCIATION, INC. 2708 2708 X 465462 20749 20749 444713 -16212 -16212 428501 65688 20749 16212 36961 28727 0 28727 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 INCOME TAX CODE. 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 STATEMENT 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 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES OFFSET TO FUNDRAISING REVENUE -4,033. RENTAL PROPERTY EXPENSES -12,179. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES OFFSET TO FUNDRAISING REVENUE 4,033. RENTAL PROPERTY EXPENSES 12,179. 0 0 0 0 0 0 0 0 0 JACQUELYN STANLY ASSOCIATION EXECUTIVE 0 237394 0 46250 0 0 0 13045 0 9069 0 305758 0 0 FORM 990, PART III, LINE 2 HEROES' COMMONS AT JEFFERSON PARK - IN PARTNERSHIP WITH THE CITY OF ORLANDO, THE PROJECT EMBARK THE CONSTRUCTION OF SIX-HOMES FOR ELIGIBLE HOMEOWNERS - VETS, LOCAL LAW ENFORCEMENT OFFICERS AND FIRST RESPONDERS. 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 11 THE ASSOCIATION EXECUTIVE 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 C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2 (C) THIS ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. 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 0 0 0 0 0 0 ORLANDO REGIONAL REALTOR ASSOCIATION INC C 126000 ORLANDO REGIONAL REALTOR ASSOCIATION INC M 20749