Hampton Roads Realtors Foundation

Nonprofit profile at a glance

EIN: 541578359
IRS 990-EZ coverage: 2012–2024
Forms available: Form 990-EZ 2024
Location: Chesapeake, VA, USA
Phone: 7574738701
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Public Foundations

Official website

Reported finances

Revenue: $15,600
Expenses: $26,111
Assets: $79,599

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

Leadership & pay

4 people listed

Executive titles in this filing

PHILIP KAZMIERCZAK (PRESIDENT/CH)
JAY MITCHELL (PRESIDENT)

People named in this filing

PHILIP KAZMIERCZAK (PRESIDENT/CH)
JAY MITCHELL (PRESIDENT)
DAWN KENNEDY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Conducting or funding charitable activities, research, literacy and education on behalf of the real estate industry to meet the charitable needs of the community.

What it reported doing in 2024

Conducting or funding charitable activities, research, literacy and education on behalf of the real estate industry which would benefit the community.

Operating model

Revenue model: Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 92
Transparency & Controls: 82
Sustainability: 33
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 78.5%; rating input score 79

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -67.4%; rating input score 10; 10th percentile among comparable filings
Total-asset coverage ratio: 3.05; rating input score 75; 75th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -8.3% per year; rating input score 0; 30th percentile among comparable filings
Revenue growth: -10.9% per year; rating input score 0; 23rd percentile among comparable filings
Asset growth: -4.4% per year; rating input score 0; 25th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 78.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $20K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 12 filing years from 2012 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Related organizations: Filed and resolved organization relationships.
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 10/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.