Central Florida Realty Investors Association Inc

Nonprofit profile at a glance

EIN
593117856
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Orlando, FL, USA
Phone
4073287773
Rating confidence
Limited
Sector
Nonprofit Management

Official website

Reported finances

Revenue
$289,984
Expenses
$289,522
Assets
$761,277
Liabilities
$39

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • PHIL GEORGES (PRESIDENT)
  • CHAD SCHULTZ (VICE PRESIDENT)
  • ELIZABETH BECKER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH BECKER (EXECUTIVE DIRECTOR): $122,988 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide educational opportunities for real estate investors.

What it reported doing in 2024

Seminars - cfri received the approval of the national real estate investors association to offer program credits on all seminars towards national reia professional housing provider certification program. In 2023, there were approximately 4 seminars held per month for a total of approximatley 48 seminars during the year. Full day seminars were held on saturday or sunday and 3 hour seminars were held on week-nights. Seminars were opened by an authorized spokesperson that is usually an officer or employee of the organization. The main speaker(s) then expand on topics introduced at the general meeting or other real estate investment topics including: foreclosures, short sales, financing, avoiding mortgage fraud, land trusts, asset protection, tax education, home inspections, contracts, landlording, rehabbing, wholesaling, finding properties, property management, marketing and negotiations, etc. Seminars are held at the cfri educational center in casselberry, Florida.junkers to jewels workshop & bus trip - 2-1/2 day event held three times a year in spring, summer, and fall. This event is conducted by volunteers to help investors learn basic concepts of real estate investing including: contracts, finding properties, evaluating properties, estimating rehab costs, finding buyers, marketing techniques. This event educates participants on how to help revitalize housing stock in their communities.

Operating model

Revenue model
Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 46
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.2%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 2.63; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 42.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -4.4% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 12.2% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $123K · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.