Overview
What is Otero County Association Of Realtors Inc?
Otero County Association of Realtors Inc is a nonprofit organization situated in Alamogordo, New Mexico. Their primary focus is to serve as a Mutual Association of Realtors, operating a Multiple Listing Service (MLS). This service ensures that each member office receives daily property listings, daily updates on any changes to current listings, and monthly compilations. They also administer an electronically monitored lock box system, provided by General Electric. By entering multiple listings into a third-party centralized computerized system, this organization facilitates seamless information exchange within the real estate industry in the Otero County area, benefiting both sellers and buyers. With a small team of one dedicated individual, Otero County Association of Realtors Inc plays a vital role in maintaining a well-organized and efficient real estate market.
Is Otero County Association Of Realtors Inc legitimate?
Otero County Association Of Realtors Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Otero County Association Of Realtors Inc 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: $54,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,762
For more financial information, click here
What is the mission statement of Otero County Association Of Realtors Inc?
The Otero County Association of Realtors Inc serves as a mutual organization for realtors, primarily focusing on providing a Multiple Listing Service (MLS). This service entails providing daily listings to each member office, notifying them of any changes to current listings, and compiling monthly summaries. Additionally, they administer an electronically monitored lock box system provided by General Electric. Furthermore, they input multiple listings into a third-party, centralized, computerized system. In essence, the association's primary goal is to facilitate the sharing and management of real estate listings among its member offices, ensuring seamless and efficient operations.
Who is the CEO of Otero County Association Of Realtors Inc?
Davy J Clark is the Executive Di of Otero County Association Of Realtors Inc.
What is the revenue of Otero County Association Of Realtors Inc?
Otero County Association Of Realtors Inc's revenue in 2022 was $318,131.
Who are the executives of Otero County Association Of Realtors Inc and what are their salaries?
The average compensation at Otero County Association Of Realtors Inc during 2022 was $57,031. There is 1 employee at Otero County Association Of Realtors Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Otero County Association Of Realtors Inc?
Otero County Association Of Realtors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Otero County Association Of Realtors Inc
Otero County Association of Realtors Inc serves as a collective body of real estate professionals, functioning as a Mutual Association and a Multiple Listing Service. Their primary mission is to facilitate the exchange of real estate listings among its member offices on a daily basis. The association ensures that each office is updated with the latest listings and any changes to existing ones. Furthermore, they administer an electronically monitored lock box system, provided by General Electric, for enhanced security. Additionally, they enter multiple listings into a centralized, computerized system, ensuring that all relevant information is accessible and up-to-date. This service not only benefits individual real estate agents but also contributes to the overall efficiency and transparency of the real estate market.
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Impact
October, 2024
The Otero County Association of Realtors Inc significantly enhances the real estate landscape in Otero County through its dedicated services tailored for real estate professionals. By providing a robust Multiple Listing Service (MLS), the organization enables member offices to share listings efficiently and keeps them updated with daily notices of changes. This streamlines the buying and selling processes for both realtors and clients, ensuring access to the latest market information and property options.
Additionally, the association administers an electronically monitored lockbox system, which increases security and convenience for showings, further facilitating smoother transactions. Through monthly compilations and centralized computerized systems, the Otero County Association of Realtors contributes to a well-organized and transparent real estate market. Their commitment to fostering a collaborative environment among realtors not only boosts individual business success but also supports community improvement efforts in Alamogordo and the surrounding areas.
This information is meant to be a general summary of Otero County Association Of Realtors Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$4,063
- Program Service Revenue: $279,802
- Gross Receipts: $328,993
Assets and Liabilities:
- Total Assets: $516,487
- Total Liabilities: $253,516
- Net Assets: $262,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSOCIATION DUES & FEES
Revenue
$220,498
MLS ACTIVITIES
Revenue
$44,717
MEMBERSHIP ACTIVITIES
Revenue
$7,380
EDUCATION
Revenue
$3,716
RPAC DUES
Revenue
$3,491
Organization Details
Founding Year
1981
Phone
(575) 437-5195Principal Officer
Davy J Clark
Main Address
914 HAWAII, ALAMOGORDO, NM, 88310
NTEE Category
Code: S47 - Community improvement
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