Mibor Realtor Association Inc
Nonprofit profile at a glance
- EIN
- 350413700
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3179565000
- Rating confidence
- Limited
Reported finances
- Revenue
- $5,582,964
- Expenses
- $5,830,511
- Assets
- $12,342,030
- Liabilities
- $5,984,565
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- ANNE CARUSO (PRESIDENT)
- ZACH MILLER (PRESIDENT ELECT)
- SHELLEY SPECCHIO (CEO)
Highest reported compensation
- SHELLEY SPECCHIO (CEO): $403,215 total reported compensation
- PATRICK CLINE (CHIEF LEGAL COUNSEL): $228,585 total reported compensation
- CHRISTOPHER PRYOR (VP - GOVT AND COMMUNICATION): $221,997 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mibor realtor association, inc. (mibor) formed for the purpose of discovering and promoting activities in the best interest of the community and of its members with respect to real property, its ownership and use, toward providing a better community in which to live and work. Its activities include developing and publicizing the benefits inherent in ownership of real property, facilitating its exchange, development, management, financing, and construction; assembling and dissembling information pertinent to all phases of real property ownership and activity; requiring a high standard of ethics; improving standards of practice; promoting cooperation and stimulating education on the part of all those whose business activiity relates to real property. Mibor participates in civic activity relating to real property, including but not limited to planning, zoning, taxation, and urban renewal.
What it reported doing in 2024
To help create a healthy real estate market by supporting organizations who:1. Help create a strong workforce2. Develop healthy communities3. Improve awareness of housing opportunities and issues
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 79
- Accountability: 100
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 41.1%; rating input score 41; 14th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 2.12; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $403K · 17 people listed · 5 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 5 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.
- Moderate — Transparency & Controls: Grant itemization coverage scored 41/100.
- High — Sustainability: Operating margin scored 21/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.