Realtor Association Of Northwest Chicagoland in Downers Grove, Illinois (IL)

Realtor Association Of Northwest Chicagoland
Employer Identification Number (EIN)	362421913
Name of Organization	Realtor Association Of Northwest Chicagoland
Address	6655 Main St, Downers Grove, IL 60516-2823
Activities	Real estate association
Subsection	Real Estate Board
Ruling Date	05/1968
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	09/2011
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$4,859,772
Amount of Income	$2,996,477
Form 990 Revenue Amount	$2,859,493
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Real Estate Organizations

Non-representatives - add comments:

Amount of income in 2011: $2,996,477

This organization:	$2,996,477
Other organizations performing similar types of work:	$1,944,492

Assets in 2011: $4,859,772

Realtor Association Of Northwest Chicagoland:	$4,859,772
Other organizations performing similar types of work:	$9,560,426

Expenses in 2011: $3,128,216

This organization:	$3,128,216
Other organizations performing similar types of work:	$470,831

Income to expenses ratio in 2011: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.4

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2011)
Total revenue	$2,859,493
Contributions, Gifts, Grants and Other Similar Amounts	$0
Program Service Revenue	$2,697,153
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$8,416
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental income	$121,926
Gross rents (Real / Personal)	$121,926 / $0
Less: rental expenses (Real / Personal)	$0 / $0
Rental income or (loss) (Real / Personal)	$121,926 / $0
Net loss from sales of assets other than inventory	$-2,613
Gross amount from sales of assets other than inventory (Securities / Other)	$-2,613 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0
Gain or (loss) (Securities / Other)	$-2,613 / $0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net income from sales of inventory	$34,611
Gross sales of inventory, less returns and allowances	$171,595
Less: cost of goods sold	$136,984
Miscellaneous Revenue	$0

Statement of Functional Expenses (for 2011)
Total functional expenses	$3,128,216
Compensation of current officers, directors, trustees, and key employees	$327,739
Other salaries and wages	$493,904
Payroll taxes	$73,232
Professional fundraising services	$0
Other	$2,233,341

Balance Sheet (for 2011)
Total assets	$4,859,772
Total liabilities	$1,142,944
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$0
Unsecured notes and loans payable to unrelated third parties	$0
Other	$1,142,944
Total net assets or fund balances	$3,716,828
Retained earnings, endowment, accumulated income, or other funds	$0

Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:	Not provided

	2000	2001	2002
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$925,481	$1,106,183	$2,273,486
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Contributions to donor advised funds
Direct public support	$0	$0	$0
Indirect public support	$0	$0	$0
Government contributions (grants)	$0	$0	$0
Program service revenue including government fees and contracts	$45,113	$28,300	$271,266
Membership dues and assessments	$670,563	$1,047,603	$1,963,425
Interest on savings and temporary cash investments	$71,718	$38,518	$33,258
Dividends and interest from securities	$0	$497	$612
Net rental income or (loss)	$8,627	$-6,630	$4,435
Gross rents	$62,888	$30,915	$43,390
Less: rental expenses	$54,261	$37,545	$38,955
Other investment income	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$-3,408	$-2,105	$490
Gross amount from sales of assets other than inventory	$0	$29,002	$490
Less: cost or other basis and sales expenses	$3,408	$31,107	$0
Net income or (loss) from special events and activities	$0	$0	$0
Gross revenue	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0
Less: cost of goods sold	$0	$0	$0
Other revenue	$132,868	$0	$0
Total expenses	$1,023,514	$955,159	$1,837,007
Program services	$0	$0	$0
Management and general	$0	$0	$0
Fundraising	$0	$0	$0
Payments to affiliates	$0	$0	$0
Net assets or fund balances at end of year	$1,683,829	$2,514,170	$2,968,247
Excess or (deficit) for the year	$-98,033	$151,024	$436,479
Net assets or fund balances at beginning of year	$1,781,862	$1,683,830	$2,514,170
Other changes in net assets or fund balances	$0	$679,316	$17,598

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2002)
Total functional expenses	$1,837,007	$0	$0	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$210,320	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$644,602	$0	$0	$0
Pension plan contributions not included above	$24,427	$0	$0	$0
Employee benefits not included above	$106,708	$0	$0	$0
Payroll taxes	$74,600	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$29,737	$0	$0	$0
Legal fees	$11,655	$0	$0	$0
Supplies	$61,236	$0	$0	$0
Telephone	$45,507	$0	$0	$0
Postage and shipping	$41,062	$0	$0	$0
Occupancy	$56,984	$0	$0	$0
Equipment rental and maintenance	$45,109	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$15,364	$0	$0	$0
Depreciation, depletion, etc.	$76,332	$0	$0	$0
Other expenses not covered above	$393,364	$0	$0	$0

	2000	2001	2002
Balance Sheets
Total assets	$3,988,890	$5,154,066	$4,416,551
Cash - non-interest-bearing	$1,636,154	$2,490,414	$2,029,504
Savings and temporary cash investments	$547,225	$471,840	$1,469,879
Accounts receivable less allowance for doubtful accounts	$677	$45,297	$5,760
Pledges receivable less allowance for doubtful accounts	$0	$0	$0
Grants receivable	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$1,220,429	$1,571,793	$357,388
Inventories for sale or use	$0	$0	$0
Prepaid expenses and deferred charges	$7,199	$1,500	$17,296
Investments - publicly-traded securities
Investments - other securities	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0
Investments - other	$1,601	$1,701	$1,701
Land, buildings, and equipment less accumulated depreciation	$573,409	$569,325	$535,023
Other assets, including program-related investments	$2,196	$2,196	$0
Total liabilities	$2,305,060	$2,639,896	$1,448,304
Accounts payable and accrued expenses	$2,037,569	$2,280,131	$931,319
Grants payable	$0	$0	$0
Deferred revenue	$184,530	$291,433	$466,457
Loans from officers, directors, trustees, and key employees	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0
Other liabilities	$82,961	$68,332	$50,528
Total liabilities and net assets/fund balances	$3,988,890	$5,154,066	$4,416,551
Total net assets or fund balances	$1,683,830	$2,514,170	$2,968,247

	2000	2001	2002
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$925,482	$1,106,183	$2,273,486
Total revenue, gains, and other support per audited financial statements	$925,482	$1,106,183	$2,273,486
Other expenses	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0
Donated services and use of facilities	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0
Other	$0	$0	$0
Other revenue	$0	$0	$0
Investment expenses	$0	$0	$0
Other	$0	$0	$0

	2000	2001	2002
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$1,023,521	$955,159	$1,837,007
Total expenses and losses per audited financial statements	$1,023,521	$955,159	$1,837,007
Other revenue	$0	$0	$0
Donated services and use of facilities	$0	$0	$0
Prior year adjustments	$0	$0	$0
Losses	$0	$0	$0
Other	$0	$0	$0
Other expenses	$0	$0	$0
Investment expenses	$0	$0	$0
Other	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	Yes
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	19

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2002)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$4,435		$34,360	$2,234,691
Program service revenue
Program service revenue 1	000000	$0	00	$0	$271,266
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$1,963,425
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$33,258	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$612	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	Lessors of nonresidential buildings (except miniwarehouses)	$4,435	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$490	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
363872555	100%	$-470,493	$516,747
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	1999	2000	2001
Support Schedule
Total	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0
Membership fees received	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0
Other income	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Virginia Association Of Realtors	10231 Telegraph Rd, Glen Allen, VA 23059-4561	VA	1983-07	$8,801,037
2	Hawaii International Real Estate Council	1259 Aala St 300, Honolulu, HI 96817	HI		$40,315
3	Tr Lpc Wilshire Corp	120 N Lasalle St 1750, Chicago, IL 60602-2492	IL	2004-02	$123,120,506
4	Tr Energy Crossing Corp Ii	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2013-06	$101,755,831
5	Tr 2300 N Street Corp	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2012-03	$16,777,236
6	100 Pine Street Investment Group L L C	200 East Randolph Drive, Chicago, IL 60601-6436	IL	2012-05	$13,290,510
7	Tr Rolling Brook Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$10,612,941
8	Tr Ip Tower Iii Corp	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2008-09	$8,427,878
9	Tr 16 Market Square Corp	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2006-02	$7,892,299
10	Tr 39th St Corp	120 N Lasalle Ste 1750, Chicago, IL 60602-2492	IL	2008-06	$7,048,035
11	Tr Stonegate Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$5,338,695
12	Tr Sonsrena Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$5,143,804
13	Tr Wildwood Creek Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$4,782,120
14	Tr Turnberry Corp	875 North Michigan Avenue Suite 34, Chicago, IL 60611-1803	IL	2006-01	$4,764,089
15	Tr Autumn Chase Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2010-12	$3,909,093
16	Tr Ashley Lake Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$3,433,210
17	Tr Mill Creek Corp	875 N Michigan Ave Ste 3430, Chicago, IL 60611-1958	IL	2006-01	$2,851,433
18	Palm Terrace Investment Group Llc	200 East Randolph Drive, Chicago, IL 60601-6436	IL	2009-09	$2,061,150
19	Tr Evergreen Park Corp	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2008-10	$1,414,806
20	Tr Piedmont Center Corp	120 N La Salle St Ste 1750, Chicago, IL 60602-2492	IL	2005-09	$33,582

Number of organizations performing similar types of work

Alaska	1
Alabama	2
Arizona	3
California	82
Colorado	5
Connecticut	9
District of Columbia	3
Florida	7
Georgia	6
Hawaii	3
Iowa	1
Idaho	2
Illinois	45
Indiana	2
Kansas	1
Kentucky	3
Louisiana	2
Massachusetts	13
Maryland	7
Michigan	7
Minnesota	5
Missouri	2
Mississippi	2

Montana	1
North Carolina	3
North Dakota	2
Nebraska	1
New Jersey	5
New Mexico	1
Nevada	1
New York	59
Ohio	6
Oklahoma	1
Oregon	4
Pennsylvania	7
Rhode Island	3
South Carolina	1
South Dakota	1
Tennessee	2
Texas	46
Virginia	6
Vermont	1
Washington	8
Wisconsin	3
West Virginia	1
Wyoming	1

Total

377

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