Civic Intelligence

Prea Foundation Inc.

990 • Fiscal year 2021 • EIN 82-1060870

Jan 01, 2021 to Dec 31, 2021 • Filed on May 06, 2022

Organization ProfileWWW.PREA.ORG/FOUNDATION

View Organization Page

100 Pearl Sreet 13th FloorHartford, CT 06103

(860) 692-6341

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

83rd percentile

43%

Higher net margin than 83% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$249,528

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

46th percentile

8.3%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

314%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$15,344,989

Up $1,176,248 (+8.3%) from 2020

Net Assets

Up

$15,301,951

Up $1,152,668 (+8.1%) from 2020

Liabilities

Up

$43,038

Up $23,580 (+121%) from 2020

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin83rd percentile

Revenue

Up

$2,684,612

Up $2,035,643 (+314%) from 2020

Expenses

Up

$1,531,944

Up $526,189 (+52%) from 2020

Net Income

Up

$1,152,668

Up $1,509,454 (+423%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2017: $8,707,414Liabilities 2017: $730,000Net Assets 2017: $7,977,4142017Assets 2018: $10,906,640Liabilities 2018: $119,447Net Assets 2018: $10,787,1932018Assets 2019: $14,559,053Liabilities 2019: $52,984Net Assets 2019: $14,506,0692019Assets 2020: $14,168,741Liabilities 2020: $19,458Net Assets 2020: $14,149,2832020Assets 2021: $15,344,989Liabilities 2021: $43,038Net Assets 2021: $15,301,9512021Assets 2022: $23,190,569Liabilities 2022: $5,551Net Assets 2022: $23,185,0182022Assets 2023: $24,550,282Liabilities 2023: $67,334Net Assets 2023: $24,482,9482023Assets 2024: $35,763,271Liabilities 2024: $79,789Net Assets 2024: $35,683,4822024

Highlighted filing

2021

Assets$15,344,989
Liabilities$43,038
Net Assets$15,301,951
Open 2021 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2017: $8,957,439Expenses 2017: $980,025Net Income 2017: $7,977,4142017Revenue 2018: $3,001,414Expenses 2018: $191,635Net Income 2018: $2,809,7792018Revenue 2019: $4,107,208Expenses 2019: $288,332Net Income 2019: $3,818,8762019Revenue 2020: $648,969Expenses 2020: $1,005,755Net Income 2020: -$356,7862020Revenue 2021: $2,684,612Expenses 2021: $1,531,944Net Income 2021: $1,152,6682021Revenue 2022: $9,656,557Expenses 2022: $1,773,490Net Income 2022: $7,883,0672022Revenue 2023: $4,481,458Expenses 2023: $3,288,293Net Income 2023: $1,193,1652023Revenue 2024: $14,098,469Expenses 2024: $3,712,060Net Income 2024: $10,386,4092024

Highlighted filing

2021

Revenue$2,684,612
Expenses$1,531,944
Net Income$1,152,668
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 6, 2022
Return Version
2021v4.2
Gross Receipts
$2,684,612
Mission and Program Overview

Mission

The mission of prea foundation, inc. (the foundation) is to further the interests and values of the institutional real estate investment community by advancing industry-wide diversity and inclusion.

To advance diversity and inclusion in the institutional real estate industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,528,284$10,529,219▲ $2,000,935
Pledges and Grants Receivable$4,766,921$3,744,343▼ $1,022,578
Cash and Non-Interest-Bearing Accounts$332,329$1,065,008▲ $732,679
Prepaid Expenses and Deferred Charges$541,207$6,419▼ $534,788
Total Assets$14,168,741$15,344,989▲ $1,176,248
Liabilities
Accounts Payable and Accrued Expenses$18,258$41,838▲ $23,580
Other Liabilities$1,200$1,200→ $0
Total Liabilities$19,458$43,038▲ $23,580
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,382,362$11,557,608▲ $2,175,246
Net Assets With Donor Restrictions$4,766,921$3,744,343▼ $1,022,578
Total Net Assets Fund Balance$14,149,283$15,301,951▲ $1,152,668
Total Liabilities and Net Assets / Fund Balance$14,168,741$15,344,989▲ $1,176,248
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ivan BarronExecutive DirectorFT$215,000$34,528$249,528

Board Members and Trustees

NameTitle
Debbie HarmonChair
Kevin FaxonPresident
Kathleen MccarthyVice President
Chris LeeDirector
David GilbertDirector
Eric LangDirector
Gail HaynesDirector
John BradyDirector
Jonathan DavisDirector
Linda AssanteDirector
Mike DireDirector
Sonny KalsiDirector
Tom LeeDirector
Chad TredwayDirector (eff. 05/21)
Yvonne NelsonSecretary
Dhvani ShahTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,683,677
Program Service Revenue
$0
Investment Income
$935
Other Revenue
$0
All Other Contributions
$2,683,677
Change in Net Assets
$1,152,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,684,612
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,684,612
Total Revenue per Form 990
$2,684,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,067,650
Salaries, Compensation, and Employee Benefits$285,742
Other Expenses$178,552
Total Fundraising Expense$122,683
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,067,650--$1,067,650
Current Officers, Directors, Trustees, and Key Employees$108,742$81,557$81,556$271,855
Fees for Services Accounting-$25,200-$25,200
Payroll Taxes$5,555$4,166$4,166$13,887
Fees for Services Legal-$13,474-$13,474
Travel$6,110-$6,111$12,221
Office Expenses$2,504$2,505$2,504$7,513
Advertising--$6,316$6,316
Other Expenses$24,364$5,495$22,030$5,495
Insurance-$2,631-$2,631
All Other Expenses-$2,089-$2,089
Total Functional Expenses$1,230,992$178,269$122,683$1,531,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,531,944
Total Expenses per Audited Statements$1,531,944
Total Expenses per Form 990$1,531,944
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sponsors for Educational Opportunity IncNew York, NY501(c)(3)Prea/seo Real Estate Track Summer 2021 Internship Program$574,650
Urban Alliance IncWashington Dc, DC501(c)(3)Real Estate Skills Training for Underserved High School Seniors$290,000
Basis Impact Group Foundation IncNew York, NY501(c)(3)For the Benefit of the Real Estate Executive Council Summer Intensive Program$200,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The draft federal form 990 is reviewed by the executive director of the foundation and the president of the pension real estate association who also serves on the board of directors of the foundation. Such review takes place upon receipt of the draft form 990, which is prepared by the independent public accounting firm. The review includes the financial information reported and a review of all narrative information for accuracy and completeness prior to filing with the internal revenue service. Further, a complete copy of the form 990 is provided to each member of the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to file a statement on an annual basis disclosing any potential interest that could give rise to conflicts. Individuals with potential conflicts of interest are prohibited from participating in any deliberations or decision that may be affected by a potential conflict of interest.”

Form 990, Part VI, Section B, Line 15A

“In december 2020, a new executive director was hired by the organization. The compensation for this executive director was reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The foundation's audited financial statements are available to the public via foundations website as well as upon request. The foundation's governing documents and conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Prea Foundation Inc
EIN
82-1060870
Phone
8606926341
Address
100 PEARL SREET 13TH FLOOR, HARTFORD, CT 06103

Signing Officer

Name
Ivan Barron
Title
Executive Director
Phone
8606926341
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ivan Barron
Formed
2017
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
18

Preparer

Firm
Leonard Mulherin & Greene Pc
Address
625 GROVE STREET, BRAINTREE, MA 02184
Preparer
Michelle J Amaral
Phone
7813564800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has an audit committee that assumes responsibility for oversight of the audit and its selection of an independent auditor. There have been no changes in this process since the prior year.”

Raw XML AppendixShowing 400 of 533 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/TotalAmt02631
IRS990/InvestmentIncomeGrp/ExclusionAmt0935
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0935
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF PREA FOUNDATION, INC. (THE FOUNDATION) IS TO FURTHER THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY ADVANCING INDUSTRY-WIDE DIVERSITY AND INCLUSION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014149283
IRS990/NetAssetsOrFundBalancesEOYAmt015301951
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09382362
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011557608
IRS990/NoncashContributionsAmt013355
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt02504
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02505
IRS990/OfficeExpensesGrp/ProgramServicesAmt02504
IRS990/OfficeExpensesGrp/TotalAmt07513
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONSULTING FEES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt022030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034054
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17098
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25495
IRS990/OtherExpensesGrp/ProgramServicesAmt016067
IRS990/OtherExpensesGrp/ProgramServicesAmt124364
IRS990/OtherExpensesGrp/TotalAmt072151
IRS990/OtherExpensesGrp/TotalAmt124364
IRS990/OtherExpensesGrp/TotalAmt27098
IRS990/OtherExpensesGrp/TotalAmt35495
IRS990/OtherLiabilitiesGrp/BOYAmt01200
IRS990/OtherLiabilitiesGrp/EOYAmt01200
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04166
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04166
IRS990/PayrollTaxesGrp/ProgramServicesAmt05555
IRS990/PayrollTaxesGrp/TotalAmt013887
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04766921
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03744343
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0541207
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06419
IRS990/PrincipalOfficerNm0IVAN BARRON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0631345
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0725000
IRS990/PYInvestmentIncomeAmt017624
IRS990/PYOtherExpensesAmt0248766
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-356786
IRS990/PYSalariesCompEmpBnftPaidAmt031989
IRS990/PYTotalExpensesAmt01005755
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0648969
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01152668
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08528284
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010529219
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS THE FOUNDATION WAS INCORPORATED ON APRIL 3, 2017, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, EXPLANATION OF SHORT YEAR:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02683677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0631345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04018031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02948339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08955750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019237142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt089177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053075
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01689
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0162500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt017820617
IRS990ScheduleA/SubstantialContributorsTotAmt01416525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02683677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0631345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04018031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02948339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt08955750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019237142
IRS990ScheduleA/TotalSupportAmt019399642
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01531944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02684612
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01531944
IRS990ScheduleD/TotalLiabilityAmt01200
IRS990ScheduleD/TotalRevenuePerForm990Amt02684612
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02684612
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01531944
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0574650
IRS990ScheduleI/RecipientTable/CashGrantAmt1200000
IRS990ScheduleI/RecipientTable/CashGrantAmt2290000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PREA/SEO REAL ESTATE TRACK SUMMER 2021 INTERNSHIP PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2REAL ESTATE SKILLS TRAINING FOR UNDERSERVED HIGH SCHOOL SENIORS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPONSORS FOR EDUCATIONAL OPPORTUNITY INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BASIS IMPACT GROUP FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2URBAN ALLIANCE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0132578670
IRS990ScheduleI/RecipientTable/RecipientEIN1815262949
IRS990ScheduleI/RecipientTable/RecipientEIN2511938443
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 EXCHANGE PLACE SUITE 601
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt175 BROAD STREET SUITE 2110
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22030 Q STREET NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WASHINGTON DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010005
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110004
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd220009
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAKES GRANT AWARDS TO PUBLIC CHARITIES UPON REVIEW OF GRANT PROPOSALS THAT SUFFICIENTLY DEMONSTRATE THE INTENDED USE OF THE FUNDS TO SUPPORT REAL-ESTATE RELATED PROGRAMS. THE FOUNDATION REVIEWS PERIODIC REPORTS FROM GRANTEES TO CONFIRM THAT FUNDS DONATED ARE BEING USED IN THE MANNER DESCRIBED AND CONSISTENT WITH THE FOUNDATION'S MISSION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,344,989
Liabilities
$43,038
Net assets
$15,301,951
Revenue
$2,684,612
Expenses
$1,531,944
Net income
$1,152,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.8$0.08$35.7$14.1$3.71$10.4
2023Detailed filing. Detailed filing data is available for this year.$24.6$0.07$24.5$4.48$3.29$1.19
2022Detailed filing. Detailed filing data is available for this year.$23.2$0.01$23.2$9.66$1.77$7.88
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.04$15.3$2.68$1.53$1.15
2020Detailed filing. Detailed filing data is available for this year.$14.2$0.02$14.1$0.65$1.01$0.36
2019Detailed filing. Detailed filing data is available for this year.$14.6$0.05$14.5$4.11$0.29$3.82
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.12$10.8$3.00$0.19$2.81
2017Summary only. Only limited summary data is available for this year.$8.71$0.73$7.98$8.96$0.98$7.98