Nonprofit · EIN 56-6063634
DURHAM REGIONAL ASSOCIATION OF REALTORS INC
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $679,517 | $682,919 | -$3,402 | $2,226,290 | $1,205,202 | $1,021,088 |
| December 31, 2024 | 990 | $648,562 | $631,571 | $16,991 | $2,278,537 | $1,254,421 | $1,024,116 |
| December 31, 2023 | 990 | $665,243 | $678,910 | -$13,667 | $2,293,903 | $1,267,569 | $1,026,334 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,179
- of which government grants
- $1,179
- Program service revenue
- $614,516
- Investment income
- $20,910
- Net rental income
- $34,409
- Net income from sales of inventory
- $8,503
- Other revenue
- $42,912
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,644
- Other salaries and wages
- $110,358
- Salaries, compensation and benefits (total)
- $343,505
- Professional fundraising fees
- $0
- Legal fees
- $2,880
- Accounting fees
- $15,485
- Occupancy
- $65,665
- Travel
- $23,770
- Depreciation
- $36,608
- Program services (functional)
- $682,919
Balance sheet and other
- Total assets, start of year
- $2,278,537
- Total assets, end of year
- $2,226,290
- Total liabilities, end of year
- $1,205,202
- Net assets, end of year
- $1,021,088
- Land, buildings and equipment
- $924,498
- Net assets without donor restrictions
- $1,021,088
- Gross receipts
- $691,513
- Employees
- 5
- Volunteers
- 124
- Year formed
- 1932
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shelia Willis | CEO Officer | 40 | $173,644 |
| Bert Woodall | President Institutional trustee, Officer | 5 | $0 |
| Sondra Trice-Jones | President Elect Institutional trustee, Officer | 5 | $0 |
| Lynwood Cherry III | Vice President Institutional trustee, Officer | 5 | $0 |
| Steed Rollins | Secretary Treasurer Institutional trustee, Officer | 5 | $0 |
| Grace Jones | 2024 President Institutional trustee, Officer | 5 | $0 |
| Tim Alwran | Director Institutional trustee | 1 | $0 |
| Bill Barefoot | Director Institutional trustee | 1 | $0 |
| Latrice Harris | Director Institutional trustee | 1 | $0 |
| Roger Hudson | Director Institutional trustee | 1 | $0 |
| Rebecca Ives | Director Institutional trustee | 1 | $0 |
| Penny Rogers | Director Institutional trustee | 1 | $0 |
| Jon Fletcher | Director Institutional trustee | 1 | $0 |
| Tye Williams | Director Institutional trustee | 1 | $0 |
| Michelle Ketchum | Director Institutional trustee | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Crawford | Director Institutional trustee | 1 | $0 |
| Colleen Ellis | Director Institutional trustee | 1 | $0 |
| Matt Demson | Director Institutional trustee | 1 | $0 |
| Michelle Young Medley | Director Institutional trustee | 1 | $0 |
| Carl Johnson | Director Institutional trustee | 1 | $0 |
| Sharon Sunkel | Director Institutional trustee | 1 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELIA WILLIS | CEO Key employee | 40 | $168,881 | $3,308 |
| GRACE JONES | President Institutional trustee, Officer | 5 | $0 | $0 |
| BERT WOODALL | PRESIDENT ELECT Institutional trustee, Officer | 5 | $0 | $0 |
| SONDRA TRICE-JONES | VICE PRESIDENT Institutional trustee, Officer | 5 | $0 | $0 |
| M LYNWOOD CHERRY III | SECRETARY TREASURER Institutional trustee, Officer | 5 | $0 | $0 |
| CINDIE BURNS | 2023 PRESIDENT Institutional trustee, Officer | 5 | $0 | $0 |
| TIM ALWRAN | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| BILL BAREFOOD | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| LATRICE HARRIS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| ROGER HUDSON | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| REBECCA IVES | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| PENNY ROGERS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| STEED ROLLINS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| TYE WILLIAMS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| EMILEE COLLINS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| COLLEEN ELLIS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| SUSAN HERST | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| MICHELLE KETCHUM | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| MICHELLE YOUNG MEDLEY | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| AMY SHAIR MILLER | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| SHARON SUNKEL | DIRECTOR Institutional trustee | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELIA WILLIS | CEO Officer | 40 | $162,500 | $11,083 |
| CINDIE BURNS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| GRACE JONES | PRESIDENT-ELECT Trustee or director, Officer | 5 | $0 | $0 |
| BERT WOODALL | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| SONDRA TRICE-JONES | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| SHAWN HAYS | PAST PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WALLACE PEIFFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEED ROLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM HANAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH DOUGHERTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE KIRK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRITZ HINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY SHAIR MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON SUNKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN HERST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M LYNWOOD CHERRY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE KETCHUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE YOUNG MEDLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4326 UNIVERSITY DR, DURHAM, NC 27707-0000
- In care of
- % BERT WOODALL
- Principal officer (990 for 2025)
- Shelia Willis, 4326 University Drive, Durham, NC 27707
- Signed the 990
- BERT WOODALL, President
- Phone
- (919) 403-2117
- Return prepared by
- JS Accounting Inc
Mission
TO PROMOTE REAL ESTATE BY PROVIDING ETHICAL, PROFESSIONAL SERVICES TO ITS MEMBERS AND CONSUMERS SEEKING REAL ESTATE INFORMATION
Program accomplishments
- THE ASSOCIATION IS A VOLUNTARY TRADE ORGANIZATION THAT BRINGS TOGETHER PEOPLE INVOLVED IN SELLING, LEASING AND APPRAISING REAL PROPERTY. THE ASSOCATION PROMOTES PROFESSIONALISM AND HIGH ETHICAL STANDARDS AMONG MEMBERS THROUGH SEMINARS, MEETINGS AND SOCIAL EVENTS. THE ASSOCIATION HAS OVER 1,700 MEMBERS.Expenses $682,919
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6063634
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,226,290
- Income (IRS master file)
- $691,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $679,517 | $682,919 | $2,226,290 | XML |
| 990 | December 2024 | $648,562 | $631,571 | $2,278,537 | XML |
| 990 | December 2023 | $665,243 | $678,910 | $2,293,903 | XML |
| 990 | December 2022 | $654,652 | $609,350 | $2,435,724 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 56-6063634).
Questions about DURHAM REGIONAL ASSOCIATION OF REALTORS INC
- What is the EIN of DURHAM REGIONAL ASSOCIATION OF REALTORS INC?
- The employer identification number (EIN) of DURHAM REGIONAL ASSOCIATION OF REALTORS INC is 56-6063634.
- Is DURHAM REGIONAL ASSOCIATION OF REALTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Are donations to DURHAM REGIONAL ASSOCIATION OF REALTORS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DURHAM REGIONAL ASSOCIATION OF REALTORS 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 DURHAM REGIONAL ASSOCIATION OF REALTORS 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 DURHAM REGIONAL ASSOCIATION OF REALTORS 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 DURHAM REGIONAL ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2025 names Shelia Willis.
- Who are the officers and directors of DURHAM REGIONAL ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2025 lists 21 people; 1 received compensation from the organization, the highest $173,644 (Shelia Willis, CEO).
- How much revenue does DURHAM REGIONAL ASSOCIATION OF REALTORS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $679,517, expenses of $682,919 and total assets of $2,226,290 at year end.
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