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Realtors Relief Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364468109 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Realtors Relief Foundation?

Realtors Relief Foundation is a 501(c)(3) nonprofit corporation, headquartered in Chicago, Illinois. Its primary mission is to offer housing-related aid to victims and their families impacted by disasters across the United States and its territories. During 2022, it distributed grants to assist victims of 18 different disaster situations. The foundation collaborates directly with state and local realtor associations to provide financial relief for disaster relief efforts in their respective regions. It swiftly disperses funds collected for specific disaster events, ensuring timely assistance is provided.


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

What are the reviews and ratings of this charity?

95% - Four-Star out of Four Star Rating

The Realtors Relief Foundation has received an impressive rating of 95% from Charity Navigator, which reflects its strong commitment to accountability and financial transparency. This high score, entirely derived from the Accountability & Finance beacon, indicates that the organization is effectively managing its financial resources and adhering to best practices in nonprofit governance.

The foundation boasts a fully independent board of directors with 88% independent members, ensuring a diverse and unbiased approach to decision-making. It has established robust financial practices, evidenced by no material diversion of assets and a program expense ratio of 100%. Furthermore, the foundation excels in its fundraising efficiency, demonstrating a $0.00 expense to raise funds, which highlights its effective utilization of donations directly for its mission.

Despite the strengths, it is important for potential donors to maintain awareness of the organization's specific program outcomes and impact metrics, which are not detailed in the rating. However, the significant financial health and governance practices suggest that the Realtors Relief Foundation is a trustworthy organization for those looking to support relief efforts in the real estate sector.


This AI summary has been generated from information found on Charity Navigator.

Is Realtors Relief Foundation legitimate?

Realtors Relief Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Realtors Relief Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

What is the mission statement of Realtors Relief Foundation?

The Realtors Relief Foundation, as a 501(c)(3) nonprofit organization, is committed to offering housing-related aid to victims and their families impacted by disasters within the United States and its territories. In the year 2022, the foundation distributed grants to assist those affected by 18 different disaster situations. The funds collected for specific catastrophes were swiftly distributed to provide immediate assistance. The Foundation collaborates directly with state and local realtor associations to provide financial relief for disaster relief efforts in their respective regions.


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

Who is the CEO of Realtors Relief Foundation?
What is the revenue of Realtors Relief Foundation?

Realtors Relief Foundation's revenue in 2022 was $4,740,647.


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

Who are the executives of Realtors Relief Foundation and what are their salaries?

There 7 volunteers at Realtors Relief Foundation.


Here are 11 key members and their salaries:


Michael Ford (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcgrew (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Charron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Edwards Jr (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Lane (Director)
  • Compensation: $0
  • Related: $212,356
  • Other: $0
Shanta Patton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Kessler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Pierpoint (Treasurer/Secretary)
  • Compensation: $0
  • Related: $728,319
  • Other: $53,971
Nick Falco (Executive Director (Beg Sept 2022))
  • Compensation: $0
  • Related: $46,422
  • Other: $28,113


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

Where can I find the form 990 for Realtors Relief Foundation?

Realtors Relief Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation

Mission Statement of Realtors Relief Foundation

Realtors Relief Foundation, a 501(c)(3) nonprofit corporation, is committed to offering housing-related aid to victims and their families impacted by disasters across the United States and its territories. Their primary mission is to provide timely assistance during disaster situations, working closely with state and local Realtor associations to organize and fund disaster relief efforts. The Foundation's actions during 2022 reflect this commitment, as they distributed grants to support victims in 18 different disaster scenarios, ensuring that financial aid was promptly delivered to those in need. In essence, Realtors Relief Foundation serves as a vital resource, offering a helping hand to disaster victims in their time of need.

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Impact




October, 2024

The Realtors Relief Foundation plays a crucial role in providing timely housing-related assistance to victims and their families during disaster situations across the United States and its territories. In 2022 alone, grants were distributed to support individuals affected by 18 different disasters, ensuring that aid reached those in need without delay. The Foundation collaborates closely with state and local Realtor associations, enhancing the effectiveness of disaster relief efforts by delivering financial assistance tailored to the specific needs of the affected communities. This proactive approach not only aids recovery but also underscores a commitment to public safety and community resilience in the face of adversity.




This information is meant to be a general summary of Realtors Relief Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,740,647 (2022)
Expenses
$3,629,394 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44,555
  • Gross Receipts: $4,740,647

Assets and Liabilities:

  • Total Assets: $11,496,936
  • Total Liabilities: $0
  • Net Assets: $11,496,936

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Organization Details

Founding Year

2001

Main Address

430 N Michigan, Chicago, IL, 60611

NTEE Category

Code: M20 - Public safety

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