Venice Area Board of Realtors Inc
Nonprofit profile at a glance
- EIN
- 596152556
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Venice, FL, USA
- Phone
- 9414840614
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $876,998
- Expenses
- $845,569
- Assets
- $2,315,085
- Liabilities
- $218,096
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LORE MILLER (President)
- MARK SORAVILLA (Vice President)
- JIM MULVEY (PAST PRESIDENT)
People named in this filing
- LORE MILLER (President)
- HELEN MOORE (Director)
- VAN PARKER (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. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the venice area board of realtors, inc. Is to serve its members in identifying needs; developing, promoting and providing programs and services to enhance the members' freedom and ability to conduct their individual businesses successfully, with integrity and competency, and through collective action; and topromote the extension and preservation of the rights to own, transfer and use real property. Some specific objectives include: 1) to provide members with programs and services which will help their businesses prosper, 2) to promote the affordability and availability of housing, 3) to improve the public's awareness of and confidence in the members and the benefits provided by their services, and 4) to educate members regarding risk management and legal liabilities.
What it reported doing in 2025
To assist in the development of the members and their businesses, the venice areaboard of realtors provides access to various technological services for members to be used in the promotion of their real estate activities. Over 700 members have search access of over 80 Florida associations through vabr. Programs are provided where members can learn from industry experts through education courses pertaining to key real estate and business topics. Members fulfill educational requirements related to their profession throughout the year and many attend a 14 hour course provided by vabr twice during the year. New members receive a monthly new member orientation from vabr certified instructors.
Operating model
- Revenue model
- Other-operating. 93% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 93
- Accountability: 94
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.8%; rating input score 87
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 2.74; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 86.8% of revenue deployed · 89.2% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 2 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.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.