"According to the form, less than $9 million of that revenue came from member dues, with the rest of it coming from investment income, which was up roughly $20 million annually. The association's net income was $10.7 million in 2024, down from $39 million a year prior, despite its total liabilities falling $5 million annually to $690 million, with $440 million of that being attributed to the settlement litigation."
"As for salaries and executive expenses, which were a sticking point in NAR's 2023 Form 990, there were just three executives whose compensation came in at over $1 million in 2024, one of whom was naturally NAR CEO Nykia Wright. While Wright joined the organization in late 2023, she was not named as permanent CEO until August 2024. For her work in 2024, Wright was paid just over $2.5 million, with $250,000 of that being designated as an incentive or bonus."
Less than $9 million of revenue came from member dues in 2024, with the remainder from investment income that grew by roughly $20 million annually. Net income declined to $10.7 million in 2024 from $39 million the prior year. Total liabilities decreased by $5 million to $690 million, with $440 million attributed to settlement litigation. Net assets rose to $387 million, including $199 million in savings and temporary cash investments. Total assets, including land, buildings, and equipment, reached $1.08 billion. Three executives earned over $1 million, including CEO Nykia Wright.
Read at www.housingwire.com
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