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Nonprofit · EIN 05-0316314

RHODE ISLAND REALTORS ASSOCIATION INC

Tax-exempt · WARWICK, RI 02888

Financials

$3.3M$3.5M2023$3.6M$3.8M2024$3.4M$3.6M2025
Revenue Expenses · by fiscal year end
Financials of RHODE ISLAND REALTORS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,429,282$3,585,740-$156,458$4,636,469$1,503,829$3,132,640
December 31, 2024990$3,647,067$3,838,284-$191,217$4,572,701$1,305,997$3,266,704
December 31, 2023990$3,280,816$3,511,765-$230,949$4,581,399$1,205,006$3,376,393
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,626,372
Investment income
$154,955
Other revenue
$1,647,955

Expenses

Grants and similar amounts paid
$11,809
Compensation of officers, directors and key employees
$488,643
Other salaries and wages
$1,725,647
Salaries, compensation and benefits (total)
$2,750,523
Professional fundraising fees
$0
Legal fees
$8,773
Accounting fees
$32,311
Occupancy
$37,111
Travel
$84,428
Depreciation
$8,827

Balance sheet and other

Total assets, start of year
$4,572,701
Total assets, end of year
$4,636,469
Total liabilities, end of year
$1,503,829
Net assets, end of year
$3,132,640
Publicly traded securities
$15,173
Net assets without donor restrictions
$3,132,640
Gross unrelated business income
$1,647,955
Gross receipts
$3,429,282
Employees
28
Volunteers
50
Year formed
1963
State of legal domicile
RI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PHILIP TEDESCOCEO
Officer
40$329,236$60,402
CLAUDIA CHAPPELLECFO
Officer
40$89,191$9,814
CHRISTOPHER WHITTENPRESIDENT
Trustee or director, Officer
20$0$0
MICHAEL PEREIRAPRESIDENT-ELECT
Trustee or director, Officer
20$0$0
SANDRA WARNERVICE PRESIDENT
Trustee or director, Officer
5$0$0
CRYSTAL L D'AGOSTINOTREASURER
Trustee or director, Officer
5$0$0
SALLY HERSEYDIRECTOR
Trustee or director
1$0$0
ASHLEY ALMEIDADIRECTOR
Trustee or director
1$0$0
PAUL HARRISONDIRECTOR
Trustee or director
1$0$0
JENNIFER LEMMEDIRECTOR
Trustee or director
1$0$0
RHONDA MESENBOURGDIRECTOR
Trustee or director
1$0$0
KELLY MORANDIRECTOR
Trustee or director
1$0$0
ERICA ARRUDADIRECTOR
Trustee or director
1$0$0
TYLER D BERNADYNDIRECTOR
Trustee or director
1$0$0
JEFF BROOKSDIRECTOR
Trustee or director
1$0$0
29 more people on this return
NameTitleHours / weekCompensation
JOSEPH CAPRARA JRDIRECTOR
Trustee or director
1$0
JESSICA L CHASEDIRECTOR
Trustee or director
1$0
JOHN DOLAN IIIDIRECTOR
Trustee or director
1$0
ELIZABETH ENOCHSDIRECTOR
Trustee or director
1$0
JOY A GILKESONDIRECTOR
Trustee or director
1$0
SHANNON KRASNOWIECKIDIRECTOR
Trustee or director
1$0
PAUL LEYSDIRECTOR
Trustee or director
1$0
ANNE MCCRANNDIRECTOR
Trustee or director
1$0
JOHN MORETTIDIRECTOR
Trustee or director
1$0
ALIESHA NOONANDIRECTOR
Trustee or director
1$0
LISA RUSSODIRECTOR
Trustee or director
1$0
MICHAEL SACCOCCIODIRECTOR
Trustee or director
1$0
STEVEN SITRINDIRECTOR
Trustee or director
1$0
MARY ULRICH BUDLONGDIRECTOR
Trustee or director
1$0
BENJAMIN WILLETTDIRECTOR
Trustee or director
1$0
BRYANT DA CRUZDIRECTOR
Trustee or director
1$0
JASON BOULAYDIRECTOR
Trustee or director
1$0
DARCI ACOMBDIRECTOR
Trustee or director
1$0
STEPHEN LARSONDIRECTOR
Trustee or director
1$0
DEBORAH E SCHUSTERMANDIRECTOR
Trustee or director
1$0
JOSEPH LUCADIRECTOR
Trustee or director
1$0
KEVIN P DUMONTDIRECTOR
Trustee or director
1$0
WILLIAM F DARLINGDIRECTOR
Trustee or director
1$0
GREGORY W ECCLESTONDIRECTOR
Trustee or director
1$0
DEBORAH A FOPPERTDIRECTOR
Trustee or director
1$0
AMANDA HANNONDIRECTOR
Trustee or director
1$0
KRISTEN HOLLOWAYDIRECTOR
Trustee or director
1$0
NOELLE SHILANDDIRECTOR
Trustee or director
1$0
NICHOLAS SLOCUMDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 39 people
NameTitleHours / weekCompensationOther / benefits
PHILIP TEDESCOCEO
Officer
40$327,673$65,714
CLAUDIA CHAPPELLECFO
Officer
40$90,215$9,936
LEANN D'ETTOREDIRECTOR
Trustee or director
1$0$0
SALLY HERSEYPRESIDENT
Trustee or director, Officer
20$0$0
AGUEDA DEL BORGODIRECTOR
Trustee or director
1$0$0
MICHAEL PEREIRAVICE PRESIDENT
Trustee or director, Officer
5$0$0
WILLIAM FAINTREASURER
Trustee or director, Officer
5$0$0
CHRISTOPHER WHITTENPRESIDENT-ELECT
Trustee or director, Officer
20$0$0
BRYANT DA CRUZDIRECTOR
Trustee or director
1$0$0
BRIAN RUSSELLDIRECTOR
Trustee or director
1$0$0
ALEXANDER PARMENIDEZSECRETARY
Trustee or director, Officer
5$0$0
BRUCE ALLENDIRECTOR
Trustee or director
1$0$0
STEPHEN ANTONIDIRECTOR
Trustee or director
1$0$0
DEAN DETONNANCOURTDIRECTOR
Trustee or director
1$0$0
VICTORIA DORANDIRECTOR
Trustee or director
1$0$0
DAVID IANNUCCILLIDIRECTOR
Trustee or director
1$0$0
PAUL LEYSDIRECTOR
Trustee or director
1$0$0
JOSEPH LUCADIRECTOR
Trustee or director
1$0$0
ROBERT MARTINDIRECTOR
Trustee or director
1$0$0
KARL MARTONEDIRECTOR
Trustee or director
1$0$0
SALVATORE MOIODIRECTOR
Trustee or director
1$0$0
ROBERT SCARALIADIRECTOR
Trustee or director
1$0$0
EDWARD STACHURSKIDIRECTOR
Trustee or director
1$0$0
ARTHUR YATSKODIRECTOR
Trustee or director
1$0$0
JULIE FRESHMANDIRECTOR
Trustee or director
1$0$0
NICHOLAS SLOCUMDIRECTOR
Trustee or director
1$0$0
PATRICIA ROBITAILLEDIRECTOR
Trustee or director
1$0$0
KELLY MORANDIRECTOR
Trustee or director
1$0$0
LISA RUSSODIRECTOR
Trustee or director
1$0$0
SHANNON KRASNOWIECKIDIRECTOR
Trustee or director
1$0$0
SANDRA WARNERDIRECTOR
Trustee or director
1$0$0
RHONDA MESENBOURGDIRECTOR
Trustee or director
1$0$0
ANNE MCCRANNDIRECTOR
Trustee or director
1$0$0
JENNIFER LEMMEDIRECTOR
Trustee or director
1$0$0
KEVIN SHEPHERDDIRECTOR
Trustee or director
1$0$0
FABIOLA BRUNACHEDIRECTOR
Trustee or director
1$0$0
JOHN MORETTIDIRECTOR
Trustee or director
1$0$0
MICHAEL SACCOCCIODIRECTOR
Trustee or director
1$0$0
JASON BOULAYDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 45 people
NameTitleHours / weekCompensationOther / benefits
PHILIP TEDESCOCEO
Officer
40$298,023$47,371
CLAUDIA CHAPPELLECFO
Officer
40$82,249$4,875
LEANN D'ETTOREDIRECTOR
Trustee or director
1$0$0
SALLY HERSEYPRESIDENT
Trustee or director, Officer
20$0$0
AGUEDA DEL BORGODIRECTOR
Trustee or director
1$0$0
MICHAEL PEREIRAVICE PRESIDENT
Trustee or director, Officer
5$0$0
WILLIAM FAINTREASURER
Trustee or director, Officer
5$0$0
CHRISTOPHER WHITTENPRESIDENT-ELECT
Trustee or director, Officer
20$0$0
BRYANT DA CRUZDIRECTOR
Trustee or director
1$0$0
SHANNON BUSSDIRECTOR
Trustee or director
1$0$0
BRIAN RUSSELLDIRECTOR
Trustee or director
1$0$0
ALEXANDER PARMENIDEZSECRETARY
Trustee or director, Officer
5$0$0
BRUCE ALLENDIRECTOR
Trustee or director
1$0$0
STEPHEN ANTONIDIRECTOR
Trustee or director
1$0$0
DEAN DETONNANCOURTDIRECTOR
Trustee or director
1$0$0
VICTORIA DORANDIRECTOR
Trustee or director
1$0$0
DAVID IANNUCCILLIDIRECTOR
Trustee or director
1$0$0
PAUL LEYSDIRECTOR
Trustee or director
1$0$0
JOSEPH LUCADIRECTOR
Trustee or director
1$0$0
ROBERT MARTINDIRECTOR
Trustee or director
1$0$0
KARL MARTONEDIRECTOR
Trustee or director
1$0$0
SALVATORE MOIODIRECTOR
Trustee or director
1$0$0
ROBERT SCARALIADIRECTOR
Trustee or director
1$0$0
EDWARD STACHURSKIDIRECTOR
Trustee or director
1$0$0
ARTHUR YATSKODIRECTOR
Trustee or director
1$0$0
ASHLEY ALMEIDADIRECTOR
Trustee or director
1$0$0
JULIE FRESHMANDIRECTOR
Trustee or director
1$0$0
NICHOLAS SLOCUMDIRECTOR
Trustee or director
1$0$0
PATRICIA ROBITAILLEDIRECTOR
Trustee or director
1$0$0
KELLY MORANDIRECTOR
Trustee or director
1$0$0
LISA RUSSODIRECTOR
Trustee or director
1$0$0
SHANNON KRASNOWIECKIDIRECTOR
Trustee or director
1$0$0
SANDRA WARNERDIRECTOR
Trustee or director
1$0$0
RHONDA MESENBOURGDIRECTOR
Trustee or director
1$0$0
ANN MCCRANNDIRECTOR
Trustee or director
1$0$0
MICHELLE KEACHDIRECTOR
Trustee or director
1$0$0
JENNIFER LEMMEDIRECTOR
Trustee or director
1$0$0
KEVIN SHEPHERDDIRECTOR
Trustee or director
1$0$0
FABIOLA BRUNACHEDIRECTOR
Trustee or director
1$0$0
JOHN MORETTIDIRECTOR
Trustee or director
1$0$0
MICHAEL SACCOCCIODIRECTOR
Trustee or director
1$0$0
CHRISTINA ROUSEDIRECTOR
Trustee or director
1$0$0
STEPHEN LARSONDIRECTOR
Trustee or director
1$0$0
CLARISSA HERNANDEZDIRECTOR
Trustee or director
1$0$0
JASON BOULAYDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
100 BIGNALL STREET, WARWICK, RI 02888-1061
Principal officer (990 for 2025)
PHILIP B TEDESCO, 100 BIGNALL STREET, WARWICK, RI 02888
Signed the 990
PHILIP B TEDESCO, CEO
Phone
(401) 785-3650
Return prepared by
CBIZ ADVISORS LLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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.
    Expenses $3,052,409 · revenue $1,117,557
  • THE PROFESSIONAL DEVELOPMENT DEPARTMENT IS OUR EDUCATION DEPARTMENT. WE PROVIDE OUR MEMBERS WITH THE ABILITY TO MEET THE MANDATES OF THE DEPARTMENT OF BUSINESS REGULATION'S MINIMUM REQUIREMENT FOR LICENSURE. THE PROF. DEVELOPMENT DEPT. OFFERS ALL OF THE MANDATORY COURSES AS WELL AS A GOOD NUMBER OF OPTIONAL COURSES TO MEET THE CREDIT HOURS MANDATED BY "DBR". WE ALSO OFFER MANY EDUCATIONAL COURSES BEYOND THE MINIMUM REQUIREMENT TO ENABLE THEM TO REMAIN CURRENT WITH INDUSTRY STANDARDS. WE ALSO OFFER A GROUP OF COURSES WHICH, IF TAKEN, AFFORD THE MEMBER THE HONOR OF A DESIGNATION ACKNOWLEDGED BY THE NATIONAL ASSOCIATION OF REALTORS.
    Expenses $480,318 · grants $11,809 · revenue $373,843
  • THE ANNUAL MEETING INCLUDES OUR FINANCIAL REVIEW FOR THE PREVIOUS YEAR, REVIEW OF THE MINUTES FROM THE PREVIOUS ANNUAL MEETING, INCLUDES A VOTE ON ANY PROPOSED BY-LAW CHANGES, ACKNOWLEDGES ALL OF THE VOLUNTEERS WHO HAVE SERVED IN LEADERSHIP AND COMMITTEE POSITIONS FOR THE YEAR, AND ALSO SERVES AS THE VENUE FOR THE INSTALLATION OF OFFICERS FOR THE NEW YEAR.THE ANNUAL PROGRAM (MINI CONVENTION) IS AN ALL-DAY EVENT THAT INCLUDES SPEAKERS (SOME PAID AND SOME VOLUNTEER) WHO SPEAK ABOUT CURRENT ISSUES AND TRENDS, TECHNOLOGY AND OTHER BUSINESS RELATED TOPICS. THE EVENT INCLUDES A BUFFET LUNCH, AND A SMALL TRADE SHOW AREA. THE ASSOCIATION GETS SPONSORSHIP MONEY FROM AFFILIATE MEMBERS, AND ALSO CHARGES A FEE FOR AN EXHIBITOR BOOTH FOR THE TRADE SHOW. MOST OF THE TRADE SHOW BOOTHS ARE PURCHASED BY COMPANIES THAT ARE DIRECTLY INVOLVED WITH THE REAL-ESTATE BUSINESS. THERE IS NO CHARGE TO OUR MEMBERSHIP TO ATTEND THIS INFORMATION DAY. ALTHOUGH IT IS NOT A MONEY MAKER, IT IS A HUGE MEMBERSHIP BENEFIT WHICH THE REALTORS AND VENDORS APPRECIATE.
    Expenses $86,232 · revenue $16,493
  • OTHER PROGRAM SERVICES
    Expenses $22,971 · revenue $118,479

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
05-0316314
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,636,469
Income (IRS master file)
$3,429,282

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,429,282$3,585,740$4,636,469XML
990December 2024$3,647,067$3,838,284$4,572,701XML
990December 2023$3,280,816$3,511,765$4,581,399XML
990December 2022$3,503,299$3,380,837$4,745,040IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0316314).

Questions about RHODE ISLAND REALTORS ASSOCIATION INC

What is the EIN of RHODE ISLAND REALTORS ASSOCIATION INC?
The employer identification number (EIN) of RHODE ISLAND REALTORS ASSOCIATION INC is 05-0316314.
Is RHODE ISLAND REALTORS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1968.
Are donations to RHODE ISLAND REALTORS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does RHODE ISLAND REALTORS ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RHODE ISLAND REALTORS ASSOCIATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RHODE ISLAND REALTORS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of RHODE ISLAND REALTORS ASSOCIATION INC?
The 990 for the year ended December 31, 2025 names PHILIP B TEDESCO.
Who are the officers and directors of RHODE ISLAND REALTORS ASSOCIATION INC?
The 990 for the year ended December 31, 2025 lists 44 people; 2 received compensation from the organization, the highest $329,236 (PHILIP TEDESCO, CEO).
How much revenue does RHODE ISLAND REALTORS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,429,282, expenses of $3,585,740 and total assets of $4,636,469 at year end.

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