Rhode Island Association of Realtors Inc
Nonprofit profile at a glance
- EIN
- 050316314
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Warwick, RI, USA
- Phone
- 4017853650
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,429,282
- Expenses
- $3,585,740
- Assets
- $4,636,469
- Liabilities
- $1,503,829
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
44 people listed
Executive titles in this filing
- CHRISTOPHER WHITTEN (PRESIDENT)
- MICHAEL PEREIRA (PRESIDENT-ELECT)
- SANDRA WARNER (VICE PRESIDENT)
- PHILIP TEDESCO (CEO)
Highest reported compensation
- PHILIP TEDESCO (CEO): $389,638 total reported compensation
- CLAUDIA CHAPPELLE (CFO): $99,005 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 ri association of realtors exists to unite the realtors of this state for the purpose of exerting effectively a combined influence upon matters affecting real estate interests. To enable realtors and others to transact their business connected with the buying, selling, renting and caring for real estate, to better advantage to themselves and their clients, by the adoption of such rules and regulations as may be deemed proper. To promote and maintain the high standards of conduct in the transaction of real estate. To promote the individual ownership of homes and real estate in the state of Rhode Island as a wise and profitable investment. To co-operate with other organizations in the civic development and the economic growth of the state of Rhode Island. To provide the vast number of home-owners and property-owners in our state with a grass-roots connection through our association to advance civic development and economic growth in ri.
What it reported doing in 2025
Membership dues are based on the budgetary needs to financially accomplish pre-planned objectives. The profits from the educational program and income from investments offsets some of the expenses related to these objectives, and the remainder is funded by the dues. The major expenses funded by dues include the administrative function which includes bank fees and meeting expenses. Also included is the governance function which includes leadership training for our volunteer leaders, strategic planning and travel to the national association of realtor meetings. Another area funded by the dues income is membership services expenses. This area includes professional standards expenses related to training and arbitration hearings. This area also includes the expense of our on-line forms application which provides all of our copyrighted forms to our members to utilize in their transactions. Communication and public relations is funded by dues income. This area includes the cost of our public relations consultant, press releases, and an electronic newsletter to our membership. Our contract lobbyist is funded through the dues income as well as lobbying expenses incurred by our staff. Dues also fund all of our overhead expenses which include our rent and utilities for our office space, and salaries and related benefits for those employees who work for the association.
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: 87
- Accountability: 91
- Sustainability: 26
- Growth: 60
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: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 75th 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: 7 of 9 controls in place; rating input score 78
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 42 of 42 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $3.6M in reported program spending
- Leadership: top reported pay $390K · 44 people listed · 3 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 12 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 25/100.