Topsail Island Association of Realtors Inc

Topsail Island Association of Realtors Inc is a nonprofit organization dedicated to enhancing the real estate profession in the Topsail Island area of North Carolina. The association is designated as a 501(c)(6) organization, which includes business leagues, chambers of commerce, and real estate boards created to improve business conditions.

Mission and Activities

The primary objective of Topsail Island Association of Realtors Inc is to serve the various professionals within the real estate sector, including agents, builders, lenders, appraisers, sellers, and renters. To achieve this mission, the association conducts meetings and disseminates relevant information to stakeholders through public speakers. This approach fosters collaboration and promotes best practices within the industry, benefiting the broader community.

Financial Overview

As of recent reports, the organization had total assets valued at approximately $268,551 and total liabilities of $58,208, resulting in net assets of $210,343. The association generates revenue primarily through program services, which accounted for the majority of its income. Notably, donations to this organization are not tax-deductible, as it is classified under a 501(c)(6) designation rather than a charity-focused 501(c)(3).

Community Engagement

Beyond its core activities, Topsail Island Association of Realtors Inc contributes to local organizations and participates in community activities. This commitment not only strengthens the association's network but also contributes to the overall well-being of the community by supporting the development of the real estate sector and enhancing public services.

History

Topsail Island Association of Realtors Inc was established in 1992, with a focus on furthering the interests of real estate professionals and protecting public real property rights. Since its inception, it has remained true to these foundational goals.

Overall, Topsail Island Association of Realtors Inc plays a crucial role in promoting and improving the real estate landscape in the Topsail Island area, while also supporting local community development.