Reading Berks Association of Realtors Inc

Nonprofit profile at a glance

EIN
231322057
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Wyomissing, PA, USA
Phone
6103758458
Rating confidence
Limited

Official website

Reported finances

Revenue
$442,405
Expenses
$520,202
Assets
$899,797
Liabilities
$204,256

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

Leadership & pay

15 people listed

Executive titles in this filing

  • EVA EISENBROWN (PRESIDENT)
  • DAVE SNYDER (PRESIDENT-ELECT)
  • JASON BURKHOLDER (PAST PRESIDENT)
  • JENNIFFER JIMENEZ (VICE PRESIDENT)

Highest reported compensation

  • JENNIFER O'BRIEN (ASSOCIATION EXECUTIVE): $92,326 total reported compensation

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

Overview

Mission

The reading berks association of realtors promotes a high standard of professionalism, advocates for private property rights, and strives to improve the quality of life in our communities.

What it reported doing in 2024

The association promotes high standards of conduct by members, through ensuring members meet established criteria for professionalism to help their clients and have the necessary tools to be successful in their work. Members are required to abide by a code of ethics, and maintain other standards to maintain realtor status. The association also connects local members to the state and national realtor associations. See additional information on schedule o.in 2024, there were total of 1,285 members, with 1,144 being individual members and 141 members serving as representatives of local businesses. The association holds various educational lunch and learn and other professional development sessions throughout the year, provided for free to members. A quarterly newsletter called "property lines" is published to educate and update members on real estate related items. There are networking events to bring members together such as the holiday event/annual meeting/board of directors installation event, social hours, volunteer events, and tours of local vacant properties and main street programs. The association also conducted many community outreach activities in 2024 to benefit local organizations including food drives, preparing meals on wheels for local seniors on thanksgiving, holding a breakfast for veterans, and providing easter and christmas gifts for local children in need. The signature fundraising event was a 5k to financially benefit neighborhood housing services and our local habitat for humanity organization.

Operating model

Revenue model
Earned-program. 94% 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: 100
  • Accountability: 90
  • Sustainability: 28
  • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: -17.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 17.7%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -2% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 13 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $520K in reported program spending
  • Leadership: top reported pay $92K · 15 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 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 — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.