RHODE ISLAND ASSOCIATION OF REALTORS INC Charity Report

Public IRS 990 nonprofit record

RHODE ISLAND ASSOCIATION OF REALTORS INC

EIN 05-0316314 · Professional Athletic Leagues (N80)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

105.24%of revenue went to mission work100.0% of expenses · Program services

$111.93spent for every $100 of revenueSpending was higher than revenue this year.

$1.21in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $409,002 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $393,387 for PHILIP TEDESCO (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,647,067

Mission workProgram services$3,838,284105.24% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$3,838,284105.24% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.24% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 107.04% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.50% of revenue

2021Expense mix: 52.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.06% of revenue

2020Expense mix: 54.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.96% of revenue

2019Expense mix: 58.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.11% of revenue

2018Expense mix: 59.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.35% of revenue

2017Expense mix: 55.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.87% of revenue

Money in and money out

Revenue$3,429,282

Expenses$3,838,284

Annual shortfall $409,002 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,838,284 · 100.0% of expenses

See all reported dollar amounts

Revenue$3,429,282

Expenses$3,838,284

Assets$4,636,469

Income$3,429,282

Mission work (program services)$3,838,284

Grants given$71,201

Average grant$3,956

Stocks and bonds$14,049

Accounting fees$40,485

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PHILIP TEDESCOCEO · 40 hrs/week $393,387Base $327,673 · Other $65,714

CLAUDIA CHAPPELLECFO · 40 hrs/week $100,151Base $90,215 · Other $9,936

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

PHILIP TEDESCOCEO

CLAUDIA CHAPPELLECFO

ROBERT MARTINDIRECTOR

LEANN DETTOREDIRECTOR

LISA RUSSODIRECTOR

MICHAEL PEREIRAVICE PRESIDENT

MICHAEL SACCOCCIODIRECTOR

NICHOLAS SLOCUMDIRECTOR

PATRICIA ROBITAILLEDIRECTOR

PAUL LEYSDIRECTOR

RHONDA MESENBOURGDIRECTOR

KELLY MORANDIRECTOR

ROBERT SCARALIADIRECTOR

SALLY HERSEYPRESIDENT

SALVATORE MOIODIRECTOR

SANDRA WARNERDIRECTOR

SHANNON KRASNOWIECKIDIRECTOR

STEPHEN ANTONIDIRECTOR

VICTORIA DORANDIRECTOR

WILLIAM FAINTREASURER

EDWARD STACHURSKIDIRECTOR

ALEXANDER PARMENIDEZSECRETARY

ANNE MCCRANNDIRECTOR

ARTHUR YATSKODIRECTOR

BRIAN RUSSELLDIRECTOR

BRUCE ALLENDIRECTOR

BRYANT DA CRUZDIRECTOR

CHRISTOPHER WHITTENPRESIDENT-ELECT

DAVID IANNUCCILLIDIRECTOR

DEAN DETONNANCOURTDIRECTOR

KEVIN SHEPHERDDIRECTOR

FABIOLA BRUNACHEDIRECTOR

JASON BOULAYDIRECTOR

JENNIFER LEMMEDIRECTOR

JOHN MORETTIDIRECTOR

JOSEPH LUCADIRECTOR

JULIE FRESHMANDIRECTOR

KARL MARTONEDIRECTOR

AGUEDA DEL BORGODIRECTOR

About this charity

Recognized since: January 1968
Location: 100 BIGNALL STREET, WARWICK, RI 02888-1061
County: Kent
In care of: PHILIP B TEDESCO
Primary officer: PHILIP B TEDESCO, CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@rirealtors.org Phone(401) 785-3650

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes