Residential Real Estate Council
Nonprofit profile at a glance
- EIN
- 364470215
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3123214400
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $8,639,645
- Expenses
- $8,915,244
- Assets
- $22,618,730
- Liabilities
- $7,785,177
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- TRICIA NEKOTA (PRESIDENT)
- VIVIAN MACIAS (PRESIDENT-ELECT)
- HOLLI WOODWARD (IMMEDIATE PAST PRESIDENT)
- TERESA PITT (FIRST VICE PRESIDENT)
- JEFF HORNEBERGER (CEO)
Highest reported compensation
- JEFF HORNEBERGER (CEO): $446,417 total reported compensation
- CHERE LAROSE (VP MARKETING & COMMUNICATION): $222,726 total reported compensation
- COLLEEN MCMAHON (CHIEF MEMBER & VOLUNTEER SERVICES): $189,984 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 residential real estate council (rrc) is committed to the success of its members through education, leadership development, referrals, networking opportunities, and business resources.
What it reported doing in 2024
Rrc provides approximately 21,000 members with many benefits including the crs designation, which is the highest professional designation awarded to realtors in the residential sales field. The designation is achieved by both experience and educational courses offered or approved by rrc. Other member benefits include access to and inclusion in the rrc membership referral directory, access and a profile listing on crs.com, the organization's website, where members share ideas and find solutions.additionally, the residential specialist magazine helps members stay on top of the profession by providing news and industry trends, as well as features about the latest technology tools, marketing strategies and business building ideas. Rrc conducts three major meetings (sell-a-bration, midyear meeting, annual realtors conference, and expo) to provide members with networking opportunities, educational workshops, and industry information.
Operating model
- Revenue model
- Earned-program. 92% 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: 82
- Accountability: 89
- Sustainability: 37
- 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; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th 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: -3.2%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 2.54; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 17.2%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.1% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $446K · 16 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 24/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.