Hampton Roads Association For Commercial Real Estate
EIN: 541648222 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $416K |
| Total Expenses | $343K |
| Net Assets | $346K |
Is Hampton Roads Association For Commercial Real Estate Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hampton Roads Association For Commercial Real Estate
Hampton Roads Association For Commercial Real Estate (EIN: 541648222) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $416K and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hampton Roads Association For Commercial Real Estate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hampton Roads Association For Commercial Real Estate is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $343K |
| Surplus / Deficit | $-29,930 |
| Total Assets | $349K |
| Total Liabilities | $4K |
| Net Assets | $346K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Hampton Roads Association For Commercial Real Estate reported a deficit of $30K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hampton Roads Association For Commercial Real Estate's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.9% | +7.3% | -7.2% |
| 2022 | +23.7% | +18.8% | +23.3% |
| 2021 | +39.4% | +38.8% | +18.0% |
| 2020 | -43.3% | -39.1% | +14.6% |
| 2019 | +59.1% | +4.2% | +39.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hampton Roads Association For Commercial Real Estate has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hampton Roads Association For Commercial Real Estate with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Hampton Roads Association For Commercial Real Estate
Is Hampton Roads Association For Commercial Real Estate a legitimate charity?
Hampton Roads Association For Commercial Real Estate (EIN: 541648222) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $416K. No red flags identified. Financial health grade: B.
How does Hampton Roads Association For Commercial Real Estate spend its money?
Hampton Roads Association For Commercial Real Estate reported $416K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hampton Roads Association For Commercial Real Estate tax-deductible?
Hampton Roads Association For Commercial Real Estate is registered as a tax-exempt nonprofit (EIN: 541648222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hampton Roads Association For Commercial Real Estate located?
Hampton Roads Association For Commercial Real Estate is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 541648222.
How many years of IRS 990 filings does Hampton Roads Association For Commercial Real Estate have?
Hampton Roads Association For Commercial Real Estate has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $416K in total revenue.
Filing History
IRS 990 filing history for Hampton Roads Association For Commercial Real Estate showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hampton Roads Association For Commercial Real Estate's revenue has declined by 7.9%, moving from $339K to $313K. Total assets increased by 182.3% over the same period, from $124K to $349K. Total functional expenses rose by 9.4%, from $313K to $343K. In its most recent filing year (2023), Hampton Roads Association For Commercial Real Estate reported a deficit of $30K, with expenses exceeding revenue. The organization holds $4K in liabilities against $349K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $346K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $313K | $343K | $349K | $4K | — | — |
| 2022 | $390K | $319K | $376K | $758 | — | View 990 |
| 2021 | $316K | $269K | $305K | $955 | — | View 990 |
| 2020 | $226K | $193K | $258K | $1K | — | View 990 |
| 2019 | $399K | $318K | $225K | $1K | — | View 990 |
| 2018 | $251K | $305K | $161K | $19K | — | View 990 |
| 2017 | $307K | $341K | $219K | $23K | — | View 990 |
| 2016 | $305K | $316K | $262K | $33K | — | View 990 |
| 2015 | $320K | $273K | $264K | $23K | — | View 990 |
| 2014 | $320K | $288K | $223K | $30K | — | View 990 |
| 2013 | $322K | $307K | $186K | $28K | — | View 990 |
| 2012 | $321K | $295K | $173K | $30K | — | View 990 |
| 2011 | $339K | $313K | $124K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $313K, expenses of $343K, and assets of $349K (revenue -19.9% year-over-year).
- 2022: Revenue of $390K, expenses of $319K, and assets of $376K (revenue +23.7% year-over-year).
- 2021: Revenue of $316K, expenses of $269K, and assets of $305K (revenue +39.4% year-over-year).
- 2020: Revenue of $226K, expenses of $193K, and assets of $258K (revenue -43.3% year-over-year).
- 2019: Revenue of $399K, expenses of $318K, and assets of $225K (revenue +59.1% year-over-year).
- 2018: Revenue of $251K, expenses of $305K, and assets of $161K (revenue -18.3% year-over-year).
- 2017: Revenue of $307K, expenses of $341K, and assets of $219K (revenue +0.8% year-over-year).
- 2016: Revenue of $305K, expenses of $316K, and assets of $262K (revenue -4.6% year-over-year).
- 2015: Revenue of $320K, expenses of $273K, and assets of $264K (revenue -0.1% year-over-year).
- 2014: Revenue of $320K, expenses of $288K, and assets of $223K (revenue -0.5% year-over-year).
- 2013: Revenue of $322K, expenses of $307K, and assets of $186K (revenue +0.2% year-over-year).
- 2012: Revenue of $321K, expenses of $295K, and assets of $173K (revenue -5.4% year-over-year).
- 2011: Revenue of $339K, expenses of $313K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hampton Roads Association For Commercial Real Estate:
Data Sources and Methodology
This transparency report for Hampton Roads Association For Commercial Real Estate is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.