2024-08-15T12:16:09-05:00 2023-09-30 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2022-10-01 520692242 PRINCE GEORGE'S COUNTY ASSOCIATION OF REALTORS INC PRIN 3015908767 8300 CORPORATE DRIVE 100 LANDOVER MD 20785 MICHAEL GRAZIANO EXECUTIVE VICE PRESIDENT 3015908767 2024-08-14 1 0 DANIEL L WEAVER P01249346 3019860600 2024-08-14 2022 2024-08-08 14:25:15Z MICHAEL GRAZIANO 8300 CORPORATE DRIVE 100 LANDOVER MD 20785 2165415 0 X WWW.PGCAR.COM X 1948 MD THE PRINCE GEORGE'S COUNTY ASSOCIATION OF REALTORS (PGCAR) REPRESENTS OVER 3000 REALTORS AND INDUSTRY-RELATED PROFESSIONALS IN PRINCE GEORGE'S COUNTY, MARYLAND, AND THROUGHOUT THE WASHINGTON, DC METROPOLITAN AREA. PGCAR IS THE VOICE OF THE REALTOR, WORKING TO ENSURE PUBLIC POLICY THAT ENCOURAGES HOMEOWNERSHIP IN THE NATIONAL CAPITAL AREA. THE ASSOCIATION ALSO SERVES THE BUSINESS NEEDS OF ITS MEMBERS BY PROVIDING EDUCATION, NETWORKING OPPORTUNITIES, NEWS, INFORMATION AND MANY MORE SERVICES TO GIVE REALTORS THE TOOLS THEY NEED TO BE SUCCESSFUL. 13 13 9 120 0 0 0 0 1482629 1452060 1086105 176791 494140 464094 3062874 2092945 512007 506980 0 0 744771 887478 0 0 0 870926 991638 2127704 2386096 935170 -293151 5764216 5200794 503841 242307 5260375 4958487 X THE PRINCE GEORGE'S COUNTY ASSOCIATION OF REALTORS (PGCAR) REPRESENTS OVER 3000 REALTORS AND INDUSTRY-RELATED PROFESSIONALS IN PRINCE GEORGE'S COUNTY, MARYLAND, AND THROUGHOUT THE WASHINGTON, DC METROPOLITAN AREA. PGCAR IS THE VOICE OF THE REALTOR, WORKING TO ENSURE PUBLIC POLICY THAT ENCOURAGES HOMEOWNERSHIP IN THE NATIONAL CAPITAL AREA. THE ASSOCIATION ALSO SERVES THE BUSINESS NEEDS OF ITS MEMBERS BY PROVIDING EDUCATION, NETWORKING OPPORTUNITIES, NEWS, INFORMATION AND MANY MORE SERVICES TO GIVE REALTORS THE TOOLS THEY NEED TO BE SUCCESSFUL. 0 0 VOICE FOR REAL ESTATE - THE PGCAR PUBLIC POLICY TEAM STAYS IN CLOSE CONTACT WITH THE PRINCE GEORGE'S COUNTY COUNCIL AND LOCAL AND STATE LEGISLATIVE LEADERS. PCGAR WORKS WITH THESE POLICYMAKERS TO ENSURE LEGISLATION THAT ENCOURAGES HOME OWNERSHIP AND DOES NOT PUT BURDENS ON THE BUSINESS OF REAL ESTATE, THROUGH E-MAILS AND ITS WEBSITE, PGCAR QUICKLY ALERTS MEMBERS AND THE PUBLIC WHEN ACTION IS NEEDED ON PROPOSED LEGISLATION OR POLICY CHANGE THAT WOULD DETRIMENTALLY AFFECT HOMEOWNERSHIP WITHIN THE COUNTY. EDUCATION - PGCAR OFFERS CONTINUING EDUCATION COURSES THAT REALTORS NEED TO MAINTAIN THEIR LICENSES. COURSES INCLUDE TOPICS ON FORMS, REGULATIONS, EMERGING TRENDS AND THE LATEST PRODUCTS AND SERVICES. OCCASIONALLY, PGCAR OFFERS HOMEOWNERSHIP AND CREDIT COUNSELING CLASSES FOR MEMBERS OF THE PUBLIC INTERESTED IN BUYING OR SELLING A HOME. SUPPORTING INDUSTRY ETHICS - PGCAR ENSURES THE ENFORCEMENT OF ETHICAL BUSINESS PRACTICES THANKS TO ITS FORUM FOR COMPLAINTS AND RECOURSE FOR SATISFACTION. ALSO, EACH MEMBER IS REQUIRED TO COMPLETE SPECIAL ETHICS TRAINING ABOVE AND BEYOND WHAT IS MANDATED BY LAW TO MAINTAIN HIS/HER STATUS AS A REALTOR. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24 0 1 9 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 3015908767 8300 CORPORATE DRIVE 100 LANDOVER MD 20785 GENE SEMENTILLI PRESIDENT 15.00 0.50 X X 0 0 0 ARNITA GREENE PRESIDENT - ELECT 5.00 0.50 X X 0 0 0 CAROLE WEBB SECRETARY 5.00 0.50 X X 0 0 0 PAUL LANCASTER TREASURER 5.00 0.50 X X 0 0 0 RACHEL JEFFERIES PAST PRESIDENT 5.00 0.50 X X 0 0 0 DEE BARINO DIRECTOR 3.00 X 0 0 0 CHARNISE CARTER DIRECTOR 3.00 X 0 0 0 DONALD FREDERICK DIRECTOR 3.00 X 0 0 0 PAMELA JENIKINS DIRECTOR 3.00 X 0 0 0 RAHKIYA REID DIRECTOR 3.00 X 0 0 0 WILLIE RHONE DIRECTOR 3.00 X 0 0 0 LEISEL TAYLOR DIRECTOR 3.00 X 0 0 0 CAROLE WARREN DIRECTOR 3.00 X 0 0 0 MICHAEL GRAZIANO EXECUTIVE VICE PRESIDENT 40.00 2.00 X 175235 0 20011 175235 0 20011 1 0 1 0 0 MEMBERSHIP DUES 900099 1312354 1312354 MEETINGS AND SEMINARS 900099 139706 139706 1452060 235078 235078 318703 318703 14183 72470 -58287 -58287 -58287 OTHER REVENUE 900099 85284 85284 SENTRILOCK INCOME 900099 60107 60107 145391 2092945 1539164 0 553781 506980 223869 501651 24044 85165 52749 45000 180 15158 29603 160241 166004 224354 3792 194045 64160 22556 RBI EXPENSES 41844 OTHER EXPENSES 24701 2386096 1712832 270895 2714689 3623875 28846 29143 14170 26678 52889 48925 1482064 338922 1182654 1143142 58136 58136 5764216 5200794 64665 80423 231300 75775 207876 86109 503841 242307 X 5260375 4958487 5260375 4958487 5764216 5200794 -293151 -8737 0 X X 0 1 X 1 0 0 0 1 0 0 PART I-A, LINE 1: THE ORGANIZATION ENDORSES SELECTED CANDIDATES FOR POLITICAL OFFICE, WHICH CAN BENEFIT ITS MISSION AND ASSIST THE ORGANIZATION'S MEMBERS IN THEIR REAL ESTATE BUSINESS AND INDUSTRY PURSUITS. 1136842 165581 971261 345222 173341 171881 1143142 DUE TO REALTOR ASSOCIATIONS 86109 86109 X PART X, LINE 2: THE ASSOCIATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ASSOCIATION'S FINANCIAL STATEMENTS, IF ANY. AS OF SEPTEMBER 30, 2023 AND 2022, THE ASSOCIATION HAD NO UNRECOGNIZED TAX BENEFITS RELATED TO UNCERTAIN TAX POSITIONS IN ITS INFORMATION RETURN THAT WOULD QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, THERE WERE NO MATTERS THAT WOULD HAVE RESULTED IN AN ACCRUAL FOR INTEREST AND PENALTIES. THE ASSOCIATION'S INFORMATION TAX RETURNS THAT HAVE BEEN FILED FOR THE YEARS ENDED SEPTEMBER 30, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE, AND LOCAL TAXING AUTHORITIES, GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. 1 PGCAR HOLDINGS LLC 8300 CORPORATE DRIVE SUITE 100 LANDOVER MD 20785 814458240 501(C)(2) 500000 0 LOAN PAYMENT FOR HOLDING COMPANY. 1 PART I, LINE 2: THE ORGANIZATION FOLLOWS UP WITH RECIPIENTS TO VERIFY PROPER USE OF FUNDS. X X X 0 0 0 MICHAEL GRAZIANO EXECUTIVE VICE PRESIDENT 175235 0 0 0 0 0 6573 0 13438 0 195246 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PGCAR HAS MEMBERS IN THE GENERAL CATEGORIES: PRIMARY, SECONDARY, AND AFFILIATE. ALL MEMBERS PAY ANNUAL DUES. AFFILIATE MEMBERS HAVE NO VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7A PGAR MEMBERSHIP VOTES TO ELECT MEMBERS AND OFFICERS OF THE BOARD. CANDIDATES SUBMIT AN APPLICATION AND A COMMITTEE OF BOARD MEMBERS VERIFIES THE CREDENTIALS OF THE CANDIDATE. ONCE THE CANDIDATE'S APPLICATION HAS BEEN APPROVED, THEY ARE INCLUDED ON THE BALLOT THAT THE MEMBERSHIP RECEIVES. FORM 990, PART VI, SECTION A, LINE 7B PGAR MEMBERS VOTE TO APPROVE BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WERE PROVIDED A COPY OF THE FORM 990. THE FORM 990 WAS REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF A DECISION MAKING GROUP (SUCH AS THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE, AND OFFICERS) WILL ANNUALLY DISCLOSE, IN WRITING, ANY POTENTIAL CONFLICTS AND WILL NOT PARTICIPATE (EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION) IN ANY DISCUSSIONS OR DECISIONS RELATIVE TO THAT BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PERIODICALLY CONSIDERS REVISIONS TO THE EXECUTIVE VICE PRESIDENT'S CONTRACT, INCLUDING COMPENSATION. COMPARABLE COMPENSATION DATA IS CONSIDERED, AND MINUTES REFLECT VOTING ON THE ISSUE. THE EXECUTIVE VICE PRESIDENT RECOMMENDS PLANNED COMPENSATION FOR THE REMAINDER OF THE STAFF AS PART OF THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND THE GOVERNING DOCUMENTS ARE AVAILABLE AT PGCAR'S OFFICE BY APPOINTMENT. NOTICE IS PROVIDED ON THE WEBSITE AT WWW.PGCAR.COM. FORM 990, NOTE: THE RETURN WAS FILED BEFORE THE CONSOLIDATED FINANCIAL STATEMENTS WERE FINALIZED. IF REQUIRED THE RETURN WILL BE AMENDED ONCE THE CONSOLIDATED FINANCIAL STATEMENTS ARE FINALIZED. PGCAR HOLDINGS LLC 8300 CORPORATE DRIVE 100 LANDOVER MD 20785 814458240 HOLDING COMPANY FOR PRINCE GEORGE'S COUNTY ASSOCIATION OF REALTORS, INC. MD 501(C)(2) 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PGCAR HOLDINGS LLC B 500000 CASH