2025-11-12T15:59:40-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 364470215 RESIDENTIAL REAL ESTATE COUNCIL RESI 3123214400 430 N MICHIGAN AVE 4TH FLOOR CHICAGO IL 60611 JEFF HORNBERGER CEO 3123214400 2025-11-10 1 0 THURE ROSS CPA P00577278 6305738600 2025-11-10 2024 2025-03-06 01:10:19Z JEFF HORNBERGER 430 N MICHIGAN AVE 4TH FLOOR CHICAGO IL 60611 19136094 0 X WWW.CRS.COM X 1976 IL THE RESIDENTIAL REAL ESTATE COUNCIL (RRC) IS COMMITTED TO THE SUCCESS OF ITS MEMBERS THROUGH EDUCATION, LEADERSHIP DEVELOPMENT, REFERRALS, NETWORKING OPPORTUNITIES, AND BUSINESS RESOURCES. 9 8 29 357 149864 18717 0 0 6939049 6307533 837516 2323300 31061 8812 7807626 8639645 0 0 0 0 3584449 3326322 0 0 0 5414966 5588922 8999415 8915244 -1191789 -275599 23190772 22618730 8189701 7785177 15001071 14833553 X THE RESIDENTIAL REAL ESTATE COUNCIL (RRC) IS COMMITTED TO THE SUCCESS OF ITS MEMBERS THROUGH EDUCATION, LEADERSHIP DEVELOPMENT, REFERRALS, NETWORKING OPPORTUNITIES, AND BUSINESS RESOURCES. 0 0 RRC PROVIDES APPROXIMATELY 21,000 MEMBERS WITH MANY BENEFITS INCLUDING THE CRS DESIGNATION, WHICH IS THE HIGHEST PROFESSIONAL DESIGNATION AWARDED TO REALTORS IN THE RESIDENTIAL SALES FIELD. THE DESIGNATION IS ACHIEVED BY BOTH EXPERIENCE AND EDUCATIONAL COURSES OFFERED OR APPROVED BY RRC. OTHER MEMBER BENEFITS INCLUDE ACCESS TO AND INCLUSION IN THE RRC MEMBERSHIP REFERRAL DIRECTORY, ACCESS AND A PROFILE LISTING ON CRS.COM, THE ORGANIZATION'S WEBSITE, WHERE MEMBERS SHARE IDEAS AND FIND SOLUTIONS.ADDITIONALLY, THE RESIDENTIAL SPECIALIST MAGAZINE HELPS MEMBERS STAY ON TOP OF THE PROFESSION BY PROVIDING NEWS AND INDUSTRY TRENDS, AS WELL AS FEATURES ABOUT THE LATEST TECHNOLOGY TOOLS, MARKETING STRATEGIES AND BUSINESS BUILDING IDEAS. RRC CONDUCTS THREE MAJOR MEETINGS (SELL-A-BRATION, MIDYEAR MEETING, ANNUAL REALTORS CONFERENCE, AND EXPO) TO PROVIDE MEMBERS WITH NETWORKING OPPORTUNITIES, EDUCATIONAL WORKSHOPS, AND INDUSTRY INFORMATION. RRC DEVELOPS, APPROVES, AND SUPPORTS EDUCATIONAL OFFERINGS THAT TEACH REAL ESTATE BEST PRACTICES TO RESIDENTIAL REAL ESTATE AGENTS, INCREASING THEIR PRODUCTIVITY, AND ULTIMATELY IMPROVING THE QUALITY OF SERVICE TO HOME BUYERS AND SELLERS. ALL EDUCATIONAL OFFERINGS EARN CRS DESIGNATION CREDIT. IN 2024, RRC HOSTED 105 CLASSES WITH 2,513 REAL ESTATE AGENTS ATTENDING. ADDITIONALLY, WE HOSTED 53 WEBINARS THROUGHOUT THE YEAR, 15 WERE COMPLIMENTARY TO MEMBERS. 2,266 E-LEARNING COURSES WERE PURCHASED. 58% OF THESE CERTIFICATES WERE PURCHASED WITH AN ASYNCHRONOUS LEARNING FORMAT, AND THE OTHER 42% IN A SYNCHRONOUS FORMAT. RRC PARTNERS WITH INDUSTRY LEADERS TO BRING BEST IN CLASS PRODUCTS, SERVICES, AND TOOLS TO ITS' MEMBERS. THESE PRODUCTS, SERVICES, AND TOOLS ARE SELECTED TO HELP RRC MEMBERS AND STUDENTS INCREASE THEIR SALES, IMPROVE THEIR QUALITY OF SERVICE TO HOME BUYERS AND SELLERS, GAIN AN EDGE OVER THE COMPETITION, AND FURTHER PROMOTE THE CRS DESIGNATION, RRC EDUCATION AND CERTIFICATIONS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 29 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X RRC-JEFF HORNBERGER CEO 3123214444 430 N MICHIGAN AVE CHICAGO IL 60611 TRICIA NEKOTA PRESIDENT 3.50 X X 40000 0 0 VIVIAN MACIAS PRESIDENT-ELECT 3.50 X X 10000 0 0 HOLLI WOODWARD IMMEDIATE PAST PRESIDENT 3.50 X X 0 0 0 DEBRA BEAGLE AT-LARGE DIRECTOR 0.50 X 0 0 0 ELLIS GARDNER AT-LARGE DIRECTOR 0.50 X 0 0 0 MARK GORDON AT-LARGE DIRECTOR 0.50 X 0 0 0 TONYA THOMSEN AT-LARGE DIRECTOR 0.50 X 0 0 0 BRYAN HUGHES EXTERNAL 0.50 X 3000 0 0 TERESA PITT FIRST VICE PRESIDENT 3.50 X X 0 0 0 JEFF HORNEBERGER CEO 35.00 X 390000 0 56417 URSZULA STANKIEWICZ CONTROLLER 35.00 X 124912 0 27566 COLLEEN MCMAHON CHIEF MEMBER & VOLUNTEER SERVICES 35.00 X 158894 0 31090 MELISSA BURKHOLDER VP PROFESSIONAL DEVELOPMENT 35.00 X 132132 0 28357 BOB NITEKMAN VP OF IT 35.00 X 148820 0 30048 CHERE LAROSE VP MARKETING & COMMUNICATION 35.00 X 188717 0 34009 DANWEI ZHANG-RAZ DIRECTOR OF PEOPLE & CULTURE 35.00 X 106177 0 25470 1302652 0 232957 7 0 1 0 GLC CUSTOM MEDIAUNLOCK 1 W HARRIS AVE SUITE 2C LA GRANGE IL 60525 PRINTING 415628 SIEENA INC 600 B STREET SUITE 300 SAN DIEGO CA 92101 IT SERVICES 292603 CAESARS ENTERTAINMENT ONE CAESAR PALACE DRIVE LAS VEGAS NV 89109 HOSPITALITY AND LODGING 250060 INTERCONTINENTAL BOSTON 510 ATLANTIC AVENUE BOSTON MA 02210 HOSPITALITY AND LODGING 195286 MICROSOFT CORPORATION ONE MICROSOFT WAY REDMOND WA 98052 IT SERVICES 156649 8 MEMBERSHIP DUES 900099 4320805 4320805 EDUCATION COURSES AND MEETINGS 900099 1248963 1248963 ADVERTISING AND SUBSCRIPTIONS 541800 664515 514651 149864 SPONSORSHIP REVENUE 900099 73250 73250 6307533 568701 568701 8812 8812 12251048 10496449 1754599 1754599 1754599 8639645 6157669 149864 2332112 X 598895 2139669 100068 282351 205339 39018 153822 127286 989844 135987 761123 506855 671117 547801 688433 176392 307402 CREDIT CARD FEES 160655 MAINTENANCE AND REPAIRS 135094 TAXES 61490 126603 8915244 1804469 1914053 427032 215983 171408 72732 307585 401530 2456681 1139235 1561839 1317446 17854929 17852103 1063510 844883 23190772 22618730 646149 591543 3292892 3085327 2609907 2810000 1640753 1298307 8189701 7785177 X 15001071 14833553 15001071 14833553 23190772 22618730 -275599 108081 0 X X 0 1 X 1 0 0 1 0 1196079 615661 580418 961582 401594 559988 299020 121980 177040 1317446 LEASE LIABILITY 1298307 1298307 X 8620440 108081 108081 8512359 127286 127286 8639645 8787958 0 8787958 127286 127286 8915244 PART X, LINE 2: RRC HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. RRC DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2024. 1 X X X X 0 0 0 JEFF HORNEBERGER CEO 390000 0 0 0 0 0 39957 0 16460 0 446417 0 0 0 CHERE LAROSE VP MARKETING & COMMUNICATION 188717 0 0 0 0 0 19282 0 14727 0 222726 0 0 0 COLLEEN MCMAHON CHIEF MEMBER & VOLUNTEER SERVICES 158894 0 0 0 0 0 16363 0 14727 0 189984 0 0 0 BOB NITEKMAN VP OF IT 148820 0 0 0 0 0 15321 0 14727 0 178868 0 0 0 MELISSA BURKHOLDER VP PROFESSIONAL DEVELOPMENT 132132 0 0 0 0 0 13630 0 14727 0 160489 0 0 0 URSZULA STANKIEWICZ CONTROLLER 124912 0 0 0 0 0 12839 0 14727 0 152478 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, PRESIDENT ELECT, FIRST VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, FOUR AT-LARGE MEMBERS, AND AN ELECTED OUTSIDE MEMBER. AT-LARGE BOARD OF DIRECTORS SHALL BE ELECTED BY MEMBERSHIP AND SHALL SERVE A TWO (2) YEAR TERM. THE MEMBERSHIP VOTE WILL BE HELD ANNUALLY IN MAY WITH THE VOTES TO BE CAST ELECTRONICALLY. THE OPEN POSITIONS FOR THE AT-LARGE BOARD OF DIRECTORS WILL BE FILLED BY THE CANDIDATES RECEIVING THE MOST VOTES. ALL TIES WILL BE BROKEN BY LOT. THE BOARD OF DIRECTORS SHALL ELECT ONE OUTSIDE BOARD OF DIRECTOR EVERY OTHER YEAR TO SERVE A TWO (2) YEAR TERM. THE ELECTIONS ARE SUBJECT TO REVIEW AND APPROVAL AS TO REGULARITY BY THE BOARD OF DIRECTORS. THE TERM SHALL BEGIN ON THE FIRST DAY OF THE CALENDAR YEAR FOLLOWING THE MEETING OR VOTE AT WHICH THE DIRECTOR WAS ELECTED AND END ON THE LAST DAY OF THE CALENDAR YEAR OR UNTIL THE POSITION IS FILLED. THE RRC REPRESENTATIVE ON NAR'S EXECUTIVE COMMITTEE SERVES AS AN EX-OFFICIO, VOTING MEMBER. IN ADDITION, THE CHIEF EXECUTIVE OFFICER SERVES AS AN EX-OFFICIO, NON-VOTING MEMBER. WITH THE EXCEPTION OF THE CHIEF EXECUTIVE OFFICER, EMPLOYEES OF THE ORGANIZATION MAY NOT SERVE AS MEMBERS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS AND THE CEO BEFORE IT IS FILED WITH THE IRS. THE RETURN IS SIGNED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE ORGANIZATION'S OFFICERS AND GOVERNING BOARD (INTERESTED PERSONS) ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EXIST WITH THE ORGANIZATION. AS OUTLINED IN THE POLICY, INTERESTED PERSONS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST OR IF HE OR SHE MAY STAND TO DIRECTLY OR INDIRECTLY BENEFIT FROM A TRANSACTION COMPLETED OR DECISION MADE BY THE ORGANIZATION. COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE ORGANIZATION TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. IF IT IS DETERMINED AN ACTUAL CONFLICT EXISTS, THE PERSON WITH A CONFLICT IS REQUIRED TO REFRAIN FROM VOTING OR OTHERWISE INFLUENCE THE DECISION ON A MATTER OR TRANSACTION FOR WHICH A CONFLICT EXISTS. MINUTES OF APPROPRIATE MEETINGS SHALL REFLECT THAT SUCH DISCLOSURE WAS MADE AND THAT SUCH PERSON REMOVED HIM OR HERSELF FROM THE DISCUSSION OR PROS AND CONS AND THE VOTE ON THE MATTER WITH A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED BY A FOUR MEMBER PERSONNEL PRACTICES COMMITTEE, WHICH INCLUDES THE PRESIDENT AND PRESIDENT-ELECT OF THE BOARD, USING COMPARABILITY DATA FROM OTHER SIMILAR ORGANIZATIONS. EACH YEAR THERE IS A PERFORMANCE EVALUATION WHICH INCLUDES A DISCUSSION OF THE UPCOMING YEAR'S GOALS AND OBJECTIVES (DETERMINED BY THE CEO AND THE EVALUATION TEAM) AND ANY CHANGES IN PAY (INCLUDING BONUSES AND MERIT INCREASES). THE CEO DOES NOT TAKE PART IN ANY DISCUSSION OR VOTING REGARDING THEIR OWN COMPENSATION. AT THE COMPLETION OF THE FORMAL EVALUATION, THE EVALUATION DOCUMENT IS SIGNED, DATED, AND GIVEN TO THE CHIEF FINANCIAL OFFICER AS AUTHORIZATION AND DOCUMENTATION TO PROCESS THE APPROPRIATE PAPERWORK. THE LATEST CEO REVIEW TOOK PLACE IN NOVEMBER 2024. OTHER KEY EMPLOYEES ARE EVALUATED BY THEIR SUPERVISORS UNDER RRC'S EMPLOYEE PERFORMANCE EVALUATION PROGRAM. COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON A CASE BY CASE BASIS AS APPROPRIATE. FORM 990, PART VI, SECTION A., LINE 6 RRC'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED IN PART VI, LINE 6 OF THE 990 INSTRUCTIONS. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE QUESTIONS ON LINES 6- 7B. FORM 990, PART IX, LINE 11G OTHER 46,307. SPEAKER FEES 271,387. CONTRACTORS 23,592. CONSULTANTS 648,558. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ISSUED ON A CONSOLIDATED BASIS WITH THE NATIONAL ASSOCIATION OF REALTORS. NAR'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION ALSO HAD A SEPARATE FINANCIAL STATEMENT AUDIT OF THE ORGANIZATION. THE ORGANIZATION'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE SEPARATE AUDIT.