STRATEGY STUDIO / PUBLIC DATA EXPLORER

CHARLOTTE REGIONAL REALTOR ASSOCIATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CHARLOTTE REGIONAL REALTOR ASSOCIATION INC (EIN 56-0174058)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-15
IRS object ID
201632289349301993
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-08-15T09:58:09-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560574444PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 Metropolitan Ave Ste 1000AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN560174058EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Charlotte Regional Realtor(R)BusinessNameLine1Txt
Business Name Line2Association IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCHARBusinessNameControlTxt
Phone7043720911PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 Greenwood Cliff Suite 200AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANNE MARIE DECATSYEPersonNm
Person TitleCEOPersonTitleTxt
Phone7043720911PhoneNum
Signature2016-08-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKellianne F BensonPreparerPersonNm
PTINP01345659PTIN
Phone7043771678PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANNE MARIE DECATSYEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 GREENWOOD CLIFF SUITE 200AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,807,608GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CAROLINAHOME.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1962FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionTo lead, educate, and equip members to be productive.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee39TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$1,931,136TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$3,373NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,500PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,884,732PYProgramServiceRevenueAmt
CY Program Service Revenue$3,214,030CYProgramServiceRevenueAmt
PY Investment Income$138,115PYInvestmentIncomeAmt
CY Investment Income$124,832CYInvestmentIncomeAmt
PY Other Revenue$3,141,744PYOtherRevenueAmt
CY Other Revenue$2,800,660CYOtherRevenueAmt
PY Total Revenue$6,174,091PYTotalRevenueAmt
CY Total Revenue$6,139,522CYTotalRevenueAmt
PY Grants And Similar Paid$94,152PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$247,459CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,834,618PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,082,363CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,786,188PYOtherExpensesAmt
CY Other Expenses$2,132,739CYOtherExpensesAmt
PY Total Expenses$4,714,958PYTotalExpensesAmt
CY Total Expenses$5,462,561CYTotalExpensesAmt
PY Revenues Less Expenses$1,459,133PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$676,961CYRevenuesLessExpensesAmt
Total Assets BOY$16,161,078TotalAssetsBOYAmt
Total Assets EOY$16,593,767TotalAssetsEOYAmt
Total Liabilities BOY$3,249,499TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,105,282TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$12,911,579NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,488,485NetAssetsOrFundBalancesEOYAmt
MissionThe Charlotte Regional Realtor(r) Association (CRRA) is a trade association serving members in Mecklenburg and Iredell counties. CRRA's mission is to lead, educate, and equip members to be productive. At December 31, 2015, CRRA had 8,056 members.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescCRRA provides educational opportunities through its Mingle School of Real Estate (Mingle). Mingle offers a variety of NC Real Estate Commission approved post-licensing, continuing education and professional designation courses for its members at a discount. CRRA also provides a variety of additional educational programs, such as its Realtor(R) Hot Topics and Broker Briefings seminars, on pertinent issues affecting members and their business that are free to members.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescCRRA provides local advocacy by being the collective voice for local Realtors(R), homebuyers and sellers. CRRA keeps members informed of, and coordinates involvement in support or opposition of, legislative and/or regulatory policies and actions that impact the home buying and selling process as well as the way members do business.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescCRRA provides grievance and professional standards services to enforce the high standards of conduct expected from Realtor(R) members. CRRA provides a process where members and the general public can file a complaint against a Realtor(R) for violation of the National Association of Realtors(R) code of ethics or for an arbitration dispute. Complaints are heard by the Grievance Committee, and if determined to have merit, go forward for a hearing by the Professional Standards Committee. In lieu of an arbitration hearing, mediation services are available.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document31IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee39EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Anne Marie DeCatsyeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7043720911PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 GREENWOOD CLIFF SUITE 200AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ARThur Cotton
Board Member1.500.50Yes (X)$0$0$310
BILLY SHugart
Board Member1.500.50Yes (X)$0$0$310
BRENDA HAYDEN
Board Member1.500.50Yes (X)$0$0$310
DAVID KENNEDY
Board Member1.500.50Yes (X)$0$0$310
JULIE Tache
Board Member1.500.50Yes (X)$0$0$310
LYNNE BOOTH
Board Member1.500.50Yes (X)$0$0$310
MIKE HEGE
Board Member1.500.50Yes (X)$0$0$310
SHANTAE BROWN
Board Member1.500.50Yes (X)$0$0$310
STEPHANIE GOSSETT
Board Member1.500.50Yes (X)$0$0$310
MARen Brisson-Kuester
President5.005.00Yes (X)$7,800$0$310Yes (X)
ROGER Parham
President-elect5.005.00Yes (X)$0$0$310Yes (X)
JOE REMPSON
Past President5.005.00Yes (X)$0$0$310Yes (X)
JASON GENTRY
Treasurer5.005.00Yes (X)$0$0$310Yes (X)
DAVID DEAL
Secretary5.005.00Yes (X)$0$0$310Yes (X)
Anne Marie DeCatsye
Chief Executive Officer20.0020.00$257,981$0$22,106Yes (X)
Heather Chesnutt through 52815
Chief Financial Officer20.0020.00$44,891$0$5,636Yes (X)
MICHELLE MCCOOL Began 111415
Chief Financial Officer20.0020.00$13,684$0$1,008Yes (X)
COURTS HOLLAND interim
Chief Financial Officer20.0020.00$5,183$0$0Yes (X)
Steve Byrd
Chief Technology Officer4.0036.00$146,625$0$13,019Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$476,164TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$46,109TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Nexsen Pruet LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1227 W Trade Street 1550AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28202ZIPCd
FieldValueIRS element (for citing)
ServicesLEGAL FEESServicesDesc
Compensation$159,989CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
MEMBERSHIP INCOME900099$1,658,908$1,658,908
EDUCATION INCOME611430$783,223$783,223
SUPRAKEY INCOME900099$639,295$639,295
Sponsorships900099$132,604$132,604
FieldValueIRS element (for citing)
Total Program Service Revenue$3,214,030TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$125,201TotalRevenueColumnAmt
Exclusion$125,201ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$363,727RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$462,915RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$99,188RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$99,188TotalRevenueColumnAmt
Exclusion-$99,188ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$369SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$369SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$369TotalRevenueColumnAmt
Exclusion-$369ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$191,245GrossSalesOfInventoryAmt
Cost Of Goods Sold$204,802CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$13,557TotalRevenueColumnAmt
Unrelated Business Revenue-$17,667UnrelatedBusinessRevenueAmt
Exclusion$4,110ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
MANAGEMENT FEES561000$2,713,851$782,042$1,931,809
net income from wholly owned sub900099$148,481$148,481
MISCELLANEOUS900099$25,966$23,600$2,366

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,107TotalRevenueColumnAmt
Related Or Exempt Func Income$10,479RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$14,628UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,913,405OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,139,522TotalRevenueColumnAmt
Related Or Exempt Func Income$3,390,856RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,931,136UnrelatedBusinessRevenueAmt
Exclusion$817,530ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$247,459TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$362,629TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,087,807TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$454,917TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$177,010TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$70,685TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,364TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,345TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$121,473TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$208,893TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$140,767TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$233,158TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$258,755TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$34,878TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$39,844TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
educational programs$708,242
member events$124,665
TAXES$106,858
MISCELLANEOUS$16,597

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,215TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,462,561TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,428,281BOYAmt
EOY$1,587,323EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$605,057BOYAmt
EOY$859,510EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$29,519BOYAmt
EOY$42,112EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$120,511BOYAmt
EOY$115,543EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$141,497BOYAmt
EOY$268,732EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,130,693LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,036,023LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,158,673BOYAmt
EOY$6,094,670EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$4,116,610BOYAmt
EOY$3,976,858EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,560,930BOYAmt
EOY$3,649,019EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$16,161,078BOYAmt
EOY$16,593,767EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,377,160BOYAmt
EOY$1,411,600EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$722,865BOYAmt
EOY$684,123EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,149,474BOYAmt
EOY$1,009,559EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,249,499BOYAmt
EOY$3,105,282EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$12,911,579BOYAmt
EOY$13,488,485EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,911,579BOYAmt
EOY$13,488,485EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,161,078BOYAmt
EOY$16,593,767EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$676,961ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$100,055NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,803,749OtherCostOrOtherBasisAmt
Book Value$5,803,749BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,861,964OtherCostOrOtherBasisAmt
Depreciation$1,699,147DepreciationAmt
Book Value$162,817BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$189,228OtherCostOrOtherBasisAmt
Depreciation$172,681DepreciationAmt
Book Value$16,547BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$837,109OtherCostOrOtherBasisAmt
Depreciation$763,909DepreciationAmt
Book Value$73,200BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$438,643OtherCostOrOtherBasisAmt
Depreciation$400,286DepreciationAmt
Book Value$38,357BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,094,670TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
Descbond mutual fundDesc
Book Value$3,976,858BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$3,976,858TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DEFERRED TAX ASSET$10,500
DUE FROM AFFILIATES$279,562
DEFERRED LOAN COSTS$1,875
investment in subsidiary$3,357,082
FieldValueIRS element (for citing)
Total Book Value Other Assets$3,649,019TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Association follows the Financial Accounting Standards Board ("FASB") guidance on accounting for uncertainty in income taxes. The Association's policy is to record a liability for any tax position taken that is beneficial to the Association, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of December 31, 2015 and 2014 and, accordingly, no liability has been accrued. Income tax returns filed prior to the year ended December 31, 2012, are no longer subject to audit by the taxing authority.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1HOUSING OPPORTUNITY FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 GREENWOOD CLIFF SUITE 200AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Recipient EIN561609175RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$225,000CashGrantAmt
Purpose Of GrantGENERAL OPERATING SUPPORT TO ASSIST THE ORGANIZATION IN ACCOMPLISHING ITS MISSION-TO AFFECT A BETTER QUALITY OF LIFE IN THE CHARLOTTE REGION BY PROMOTING AFFORDABLE HOMEOWNERSHIP, PROVIDING FUNDING TO CREATE HOUSING OPPORTUNITIES, AND POSITIONING AND EDUCATING REALTORS(R) AS VOLUNTEER LEADERS IN SUPPORT OF PHILANTHROPIC ACTIVITIES.PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationCRRA provides funding to its related 501(c)(3) charitable organization (the Housing Opportunity Foundation) annually. The proposed annual contribution is approved by the Board of Directors during the annual budget process.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Anne Marie DeCatsye
Chief Executive Officer$257,981$0$0$0$0$0$9,087$0$13,019$0$280,087$0$0$0
Steve Byrd
Chief Technology Officer$146,625$0$0$0$0$0$0$0$13,019$0$159,644$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 1aFormAndLineReferenceDesc
ExplanationTHE CEO HAS A BUDGETED AMOUNT FOR DISCRETIONARY BUSINESS LUNCHES WHICH SHE IS REQUIRED TO SUBSTANTIATE ON A REGULAR BASIS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6CRRA IS AN ASSOCIATION OF MEMBERS.
Form 990, Part VI, Section A, line 7aMembers have the right to elect the officers and directors of the association. Decisions made by the Board of Directors are final and not approved by the members.
Form 990, Part VI, Section A, line 7bPer By-laws, the Board of Directors cannot incur any obligation in excess of the available cash on hand of its combined consolidated balance sheet without authorization by vote of a majority of the Realtor(R) members present and voting at any meeting at which a quorum is present, provided the substance of such proposed expenditure is plainly stated in the call for the meeting.
Form 990, Part VI, Section B, line 11The Form 990 is reviewed in detail by the CFO and CEO. A draft is shared and reviewed with the Board of Directors prior to filing. The filed version is posted on the internal website for members to login and review as well.
Form 990, Part VI, Section B, line 12cOn an annual basis, the board of directors and other CRRA leaders are required to sign a conflict of interest policy form. The policy requires them to immediately disclose all facts material to any actual or potential conflicts of interest at the outset of any discussion by CRRA pertaining to the business. Any potential or actual conflicts of interest are reviewed and evaluated by CRRA's leadership. CRRA's leadership determines the appropriate steps necessary to alleviate, monitor and deal with conflicts, such as restricting the actions of persons with a conflict by prohibiting them from participating in the governing body's deliberation and decisions for a particular issue.
Form 990, Part VI, Section B, line 15CRRA uses comparability data (from Forms 990 of other organizations and by compensation studies of other similarly sized Realtor(r) associations) to determine the salary of the CEO. After an annual performance review occurs, comparability data is reviewed to determine if any pay change is deemed warranted. The individuals approving the compensation and the data upon which they rely is documented in the executive committee minutes. With regards to other officers and highly compensated employees, CRRA participates in an annual salary survey that is offered by a local employment organization as well as comparisons of other similarly sized Realtor(r) associations and MLS salaries. Additionally, CRRA participates in an informal Realtor(r) Association survey on a regional basis to compare not only salaries but also benefits. Lastly, various reports are purchased from professional organizations to compare non-profit salaries on a national basis if pay adjustments exceeding a cost-of-living increase are in question.
Form 990, Part VI, Section C, line 19The governing documents, conflict of interest policy and annual audited financial statements are available on the internal website for members to login and view.
FORM 990, PART XIi, LINE 2C:The Audit, Budget & Finance Committee is charged with oversight of the annual external audit and selection of the independent accountants. The committee is comprised of at least five members, including the current treasurer who serves as the committee chair.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1HOUSING OPPORTUNITY FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 GREENWOOD CLIFF SUITE 200AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
EIN561609175EIN
Primary ActivitiesSUPPORT & FUNDING FOR AFFORDABLE HOUSING OPPORTUNITIESPrimaryActivitiesTxt
Legal Domicile StateNCLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1CHARLOTTE REGIONAL REALTOR(R) ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CAROLINA MULTIPLE LISTING SERVICES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 GREENWOOD CLIFF SUITE 200AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
EIN561731051EIN
Primary ActivitiesMULTIPLE LISTING SERVICEPrimaryActivitiesTxt
Legal Domicile StateNCLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1CHARLOTTE REGIONAL REALTOR(R) ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$8,339,553ShareOfTotalIncomeAmt
Share Of EOY Assets$5,245,989ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CAROLINA MULTIPLE LISTING SERVICES INC
A$270,000CASH
caROLINA MULTIPLE LISTING SERVICES INC
A$693,295cash
HOUSING OPPORTUNITY FOUNDATION
B$225,000cash
CAROLINA MULTIPLE LISTING SERVICES INC
Q$2,504,881cash
housing OPPORTUNITY FOUNDATION
Q$227,019cash