2024-08-02T13:49:53-04:00 2023-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2023-01-01 590859806 ORLANDO REGIONAL REALTOR ASSOCIATION ORLA 4075137554 1330 LEE ROAD ORLANDO FL 32810 CLIFFORD LONG CEO 4075137554 2024-07-25 true true ABBEY K REDDEN CPA P00189512 3217572020 2024-07-26 2023 2024-08-08 14:25:15Z CLIFFORD LONG 1330 LEE ROAD ORLANDO FL 32810 13984431 false X WWW.ORLANDOREALTORS.ORG X 1962 FL CREATE AN ENVIRONMENT THAT ELEVATES THE PROFESSIONALISM AND EXPERIENCE OF REALTORS. 19 19 53 19 51520 0 10867241 12218050 229606 444807 124401 417328 11221248 13080185 369852 50000 0 4999082 5696108 0 0 6192023 6851434 11560957 12597542 -339709 482643 43795884 56196097 15602046 22638161 28193838 33557936 X THE CORE PURPOSE OF THE ORLANDO REGIONAL REALTOR ASSOCIATION IS TO HELP OUR MEMBERS ADHERE TO THE ETHICAL AND PROFESSIONAL STANDARDS RATIFIED BY THE NATIONAL ASSOCIATION OF REALTORS AND TO HELP OUR MEMBERS IN THEIR PROFESSIONAL SUCCESS. false false EDUCATION AND PROFESSIONAL DEVELOPMENT - OUR MEMBER'S PROFESSIONAL SUCCESS IS ONE OF THE CORE ESSENTIALS OF OUR ORGANIZATION'S MISSION AND ON THAT DIRECTION, OUR ASSOCIATION PROVIDES A YEAR- ROUND DIVERSITY OF EDUCATIONAL PROGRAMS ABOUT RISK MANAGEMENT (IDENTIFY AND MANAGE THE RISKS ASSOCIATED WITH DOING BUSINESS), FAIR HOUSING (A GUIDE TO ENSURING THAT BROKERAGES, AGENTS, AND CLIENTS ADHERE YEAR- ROUND TO THE LAWS OF FAIR HOUSING, PROTECTING CONSUMERS OF UNLAWFUL PRACTICE), REALTOR SAFETY TIPS FOR ENSURING SAFETY FOR OUR MEMBERS AND THEIR CLIENTS, DESIGNATION PROGRAMS (TO INCREASE THE SKILLS, PRODUCTIVITY, AND KNOWLEDGE OF OUR REALTOR MEMBERS), AND LICENSING AND CEU'S (FLORIDA'S LICENSING REQUIREMENTS FOR REAL ESTATE). THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE PUBLIC AWARENESS CAMPAIGN IS FUNDED BY A 25 PER MEMBER ANNUAL ASSESSMENT THAT IS COLLECTED WITH DUES; NEW MEMBERS ARE ALSO ASSESSED 25 WITH THEIR INITIAL DUES PAYMENT. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS. MEMBER SERVICES - SERVING APPROXIMATELY 21,000 REALTOR MEMBERS, OUR ASSOCIATION STRIVES TO BE THE COLLECTIVE LOCAL FORCE INFLUENCING AND SHAPING THE REAL ESTATE INDUSTRY. IT SEEKS TO BE THE LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY; THE ACKNOWLEDGED LEADER IN DEVELOPING STANDARDS FOR EFFICIENT, EFFECTIVE, AND ETHICAL REAL ESTATE PRACTICES; AND VALUED BY HIGHLY SKILLED REAL ESTATE PROFESSIONALS AND VIEWED BY THEM AS CRUCIAL TO THEIR SUCCESS. OUR ASSOCIATION IS WORKING ON BEHALF OF THE GREATER ORLANDO'S PROPERTY OWNERS. THE ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY. false false false true false false false false false true true false true false true false true false false false false false false false false false true false true false false false false false false false false false false true true true true false true 80 0 53 true true true false false false false false false false X 19 19 false false false false true true false true true false false false true true true true true true false false X AMANDA MARTIN 4075137554 1330 LEE ROAD ORLANDO FL 32810 CLIFFORD LONG CEO 40.00 1.00 X 510144 0 47141 AMANDA ORNELAS COO 40.00 1.00 X 218590 0 39072 LA'TONYA STARK VP OF ENGAGE 40.00 0.00 X 164290 0 37244 ALI TAYLOR VP OF MEMBER 40.00 0.00 X 159800 0 34525 MELINDA SKINNER VP OF HUMAN 40.00 0.00 X 160730 0 29014 LISA HILL PRESIDENT 0.00 0.00 X X 15000 0 0 ROSE KEMP PRESIDENT-EL 0.00 0.00 X X 10000 0 0 RYAN DITMAR TREASURER 0.00 0.00 X X 7500 0 0 KATHERINE FIGUEROA SANTIAGO FIRST VICE P 0.00 0.00 X X 2500 0 0 CHRISTOPHER ATWELL DIRECTOR 0.00 0.00 X 0 0 0 LAWRENCE BELLIDO DIRECTOR 0.00 0.00 X 0 0 0 HAFID BOUJIDI DIRECTOR 0.00 0.00 X 0 0 0 CAROL BURNETTE DIRECTOR 0.00 0.00 X 0 0 0 CYNTHIA EGELI DIRECTOR 0.00 0.00 X 0 0 0 YUMERIS FERNANDEZ DIRECTOR 0.00 0.00 X 0 0 0 NORKIS FERNANDEZ-VALDEZ DIRECTOR 0.00 0.00 X 0 0 0 DEIDRE GRAYBILL DIRECTOR 0.00 0.00 X 0 0 0 CATHY MARINO DIRECTOR 0.00 0.00 X 0 0 0 ANTHOULA PAPAGIANNAKIS DIRECTOR 0.00 0.00 X 0 0 0 VANESSA PIERCE DIRECTOR 0.00 0.00 X 0 0 0 CARRIE POLLACK PRIETO DIRECTOR 0.00 0.00 X 0 0 0 GUY SANCHEZ DIRECTOR 0.00 0.00 X 0 0 0 TODD SCHROTH DIRECTOR 0.00 0.00 X 0 0 0 TANSEY SODERSTROM IMMEDIATE PA 40.00 0.00 X 0 0 0 1248554 186996 5 false true false DUES AND ASSESSMENTS 541990 6481256 6481256 MEMBER SERVICES 812990 4594121 4594121 RENTAL INCOME 531120 1091153 1091153 ORLANDO REALTOR-AD REVENUE 541800 51520 51520 12218050 282562 282562 500 500 924992 762747 162245 162245 162245 432653 141499 291154 291154 OTHER INCOME 541990 125674 125674 125674 13080185 12583358 51520 445307 50000 4426206 233464 734067 302371 55862 286851 48023 52732 476128 1045223 227070 340677 777476 979314 198748 272053 63154 STAFF EDUCATION 435450 CREDIT CARD FEES 336594 REPAIRS AND MAINTENANCE 311201 OTHER EXPENSES 227774 717104 12597542 0 0 0 2209747 3217663 100400 101141 936566 858906 43615 36649 791339 1032241 13482804 3134531 10606943 10348273 9893620 11454529 9130202 11287611 4258 4258 10079194 17854826 43795884 56196097 894077 938942 6082825 6019080 8606845 15680139 18299 15602046 22638161 X 28193838 33557936 28193838 33557936 43795884 56196097 X 482643 873375 1151943 2856137 X false true X true false false false true 6481256 310524 310524 388875 -78351 4094445 4094445 7930525 1776325 6154200 1440190 1340562 99628 17644 17644 10348273 11287611 F 11287611 CONSTRUCTION IN PROGRESS 16603949 SWAP ASSETS 911438 DUE FROM RELATED PARTIES 215587 RIGHT OF USE ASSETS 123852 17854826 X 16951194 873375 2997634 3871009 13080185 13080185 12739541 141999 141999 12597542 12597542 SCHEDULE D, PAGE 3, PART X ORRA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)6 OF THE INTERNAL REVENUE CODE ("IRC") AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE IRC AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE EARNINGS OF ORREN AND ORRA'S UNRELATED BUSINESS INCOME ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR EXPECTED FUTURE INCOME TAX CONSEQUENCES OF EVENTS THAT HAVE BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS METHOD, DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL CARRYING AMOUNTS AND THE TAX BASES OF ASSETS AND LIABILITIES USING ENACTED TAX RATES IN EFFECT IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO REVERSE. ORRA AND ITS SUBSIDIARIES IDENTIFY AND EVALUATE UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZE THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNCERTAIN TAX POSITION AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ORRA AND ITS SUBSIDIARIES HAVE NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITION. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, ORRA AND ITS SUBSIDIARIES WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. SCHEDULE D, PAGE 4, PART XI, LINE 2D EQUITY INCOME IN MFRMLS AND ORRA SGS 2,856,137 COGS OFFSET SALE OF INVENTORY 141,499 ROUNDING -2 SCHEDULE D, PAGE 4, PART XII, LINE 2D COGS OFFSET SALES OF INVENTORY 141,999 false ORLANDO REGIONAL REALTOR FOUNDATION 1330 LEE ROAD ORLANDO FL 32810 201544138 501C3 50000 FMV TO PROVIDE SUPPORT 1 X true false X X X X X false false false CLIFFORD LONG CEO 423064 87080 16073 31068 557285 AMANDA ORNELAS COO 200090 18500 8004 31068 257662 LA'TONYA STARK VP OF ENGAGEMENT 154290 10000 6176 31068 201534 ALI TAYLOR VP OF MEMBERSHIP 149800 10000 3457 31068 194325 MELINDA SKINNER VP OF HUMAN RESOURCE 148730 12000 5949 23065 189744 FORM 990 - ORGANIZATION'S MISSION THE CORE PURPOSE OF THE ORLANDO REGIONAL REALTOR ASSOCIATION IS TO HELP OUR MEMBERS ADHERE TO THE ETHICAL AND PROFESSIONAL STANDARDS RATIFIED BY THE NATIONAL ASSOCIATION OF REALTORS AND TO HELP OUR MEMBERS IN THEIR PROFESSIONAL SUCCESS. FORM 990, PAGE 2, PART III, LINE 4B THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE PUBLIC AWARENESS CAMPAIGN IS FUNDED BY A 25 PER MEMBER ANNUAL ASSESSMENT THAT IS COLLECTED WITH DUES; NEW MEMBERS ARE ALSO ASSESSED 25 WITH THEIR INITIAL DUES PAYMENT. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 2, PART III, LINE 4C MEMBER SERVICES - SERVING APPROXIMATELY 21,000 REALTOR MEMBERS, OUR ASSOCIATION STRIVES TO BE THE COLLECTIVE LOCAL FORCE INFLUENCING AND SHAPING THE REAL ESTATE INDUSTRY. IT SEEKS TO BE THE LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY; THE ACKNOWLEDGED LEADER IN DEVELOPING STANDARDS FOR EFFICIENT, EFFECTIVE, AND ETHICAL REAL ESTATE PRACTICES; AND VALUED BY HIGHLY SKILLED REAL ESTATE PROFESSIONALS AND VIEWED BY THEM AS CRUCIAL TO THEIR SUCCESS. OUR ASSOCIATION IS WORKING ON BEHALF OF THE GREATER ORLANDO'S PROPERTY OWNERS. THE ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 11B THE ASSOCIATION EXECUTIVE AND THE VICE PRESIDENT OF FINANCE ARE RESPONSIBLE FOR THE REVIEW OF FORM 990. FORM 990 IS AVAILABLE TO THE GOVERNING BOARD AS PER THEIR REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. NEW BOARD MEMBERS COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ORIENTATION. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE BOARD PRESIDENT AND CHIEF EXECUTIVE OFFICER. ANY BOARD MEMBER HAVING A POSSIBLE OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE ON THE MATTER, AND SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE SAME PROCESS APPLIES TO KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS' BUSINESS PRACTICE IS TO APPOINT A SEARCH COMMITTEE FOR THE SEARCH AND SELECTION OF THE CHIEF EXECUTIVE OFFICER. THE SEARCH COMMITTEE (7 MEMBERS) HAS THE AUTHORITY OF HIRING A CONSULTANT TO ASSIST THE COMMITTEE IN THE SEARCH. THE CONSULTANT AND THE MEMBERS OF THE SEARCH COMMITTEE ARE FULLY INDEPENDENT AND CONFLICTS OF INTEREST ARE NOT ALLOWED. THE SEARCH COMMITEE'S WORK IS OVERVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS AND THEY CANNOT PROCEED WITHOUT THE BOARD OF DIRECTORS REVIEWING ALL THE CANDIDATES AND INFORMATION AND APPROVING THEIR RECOMMENDATION. THE ORGANIZATION ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ACCORDING TO A WRITTERN CONTRACT, WHICH IS RATIFIED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT PERFORMS A SALARY SURVEY EACH YEAR, UTILIZING COMPARABILITY SURVEYS AND/OR OTHER WAGE RESEARCH, AND PAYSCALE IS ADJUSTED ACCORDINGLY FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 EQUITY INCOME FROM STELLAR MLS 2,780,054 EQUITY INCOME FROM ORRA SGS 76,083 TOTAL 2,856,137 ORRA PARTNERS LLC 1330 LEE ROAD ORLANDO FL 32810 843815309 HOLDING FL 78058 6688776 ORRA ORRA VENTURES LLC 1330 LEE ROAD ORLANDO FL 32810 843844207 HOLDING FL 165611 21504062 ORRA FLORIDA ASSOCIATION MANAGEMENT 1330 LEE ROAD ORLANDO FL 32810 843933663 MANAGEMENT FL 39908 229253 ORRA ORLANDO REGIONAL REALTOR FOUNDATION 1330 LEE ROAD ORLANDO FL 32810 201544138 HOUSING FL 501C3 7 ORRA false ORLANDO REGIONAL REAL ESTATE NETWOR 1330 LEE ROAD ORLANDO FL 32810 593753044 SERVICES FL ORLANDO REGIONAL REALTOR C CORP -43739 3203 1.00000 false false true false false false false false false false false false true false true true false false false false ORLANDO REGIONAL REALTOR FOUNDATION L 110321 ESTIMATE ORLANDO REGIONAL REALTOR FOUNDATION B 50000 FMV SCHEDULE R NAME OF RELATED ORGANIZATION: ORLANDO REGIONAL REALTOR FOUNDATION, INC. PRIMARY ACTIVITY: PROVIDING AFFORDABLE HOUSING TO ENHANCE THE QUALITY OF LIFE IN CENTRAL FL