Daytona Beach Area Association of Realtors Inc
Nonprofit profile at a glance
- EIN
- 596151125
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Holly Hill, FL, USA
- Phone
- 3866777131
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,641,787
- Expenses
- $2,830,253
- Assets
- $3,654,617
- Liabilities
- $592,964
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- KRISTIN PETERSEN (PRESIDENT)
- MARY SMITH (PRESIDENT ELECT)
- FELICIA CARUSO (VICE PRESIDENT)
- PHATE MABRY (IMMEDIATE PAST PRESIDENT)
- LEAH SELIG (CEO)
Highest reported compensation
- LEAH SELIG (CEO): $224,904 total reported compensation
- DENNIS KIRSCHBAUM (FINANCE DIRECTOR): $84,214 total reported compensation
- KRISTIN PETERSEN (PRESIDENT): $2,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association was organized to unite those engaged in the real estate profession in this community with the Florida and national association of realtors thereby furthering their own objectives throughout the state and nation.
What it reported doing in 2025
To upgrade and elevate the practice of the real estate profession and to improve the conditions of the real estate entity through the promotion of education, maintenance of high standards of conduct, formulation and promulgation of the code of ethics for members and the protection of private property and its free transferability.
Operating model
- Revenue model
- Earned-program. 98% 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: 69
- Accountability: 95
- Sustainability: 27
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 1st percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 77.3%; rating input score 77; 27th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.1%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 11%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.3% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $225K · 17 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $273K reported
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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 — Sustainability: Operating margin scored 13/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.