Dearborn Real Estate Board Inc
- Assets
- $50.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 36-4413452
Organization Overview
Dearborn Real Estate Board Inc is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dearborn Real Estate Board Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AS ADVOCATES IN THE COMMUNITY OUR MEMBERS RECEIVE EXCLUSIVE ACCESS TO TRAINING, PROFESSIONAL DEVELOPMENT AND A NATIONWIDE REFERRAL NEWORK TO HELP BUILD & GROW THEIR IMPACT ON THE 2MN5 INITIATIV. THE CHICAGO REALTISTS, DEARBORN REALTIST BOARD ARE THE OLDEST AFRICAN AMERICAN REAL ESTATE TRADE ASSOCIATION IN THE NATION. WE WERE ESTABLISHED IN 1941 IN AN AREA WHERE AFRICAN AMERICANS RESIDED WAS A COMMUNITY IN CHICAGO CALLED DEARBORN WHICH STEMMED FROM 22ND STREET ON THE NORTH, SOUTH TO 63RD STREET, EAST TO THE LAKE AND WEST TO WENTWORTH STREET IN CHICAGO. THIS AREA IS WHERE OUR FOUNDING PRESIDENTS ESTABLISHED THEIR OFFICE AND THE NAME OF DEARBORN REALTIST BOARD WAS FORMED. THE DREB'S MANTRA IS "DEMOCRACY IN HOUSING." WE ARE AT THE FOREFRONT OF ECONOMIC DEVELOPMENT IN HOUSING IN THE AFRICAN AMERICAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwendolene Newton President & CEO | 2 | $0 | |
Fosta Smith Secretary | 2 | $0 | |
Edward Beavers Asst Treasurer | 2 | $0 | |
Dianne Simmons Mbr At Large | 1 | $0 | |
Ronald Branch Treasurer | 5 | $0 | |
Victoria Vann Asst Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,418 |
| Total expenses | $3,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,418 |
| Other assets | $0 |
| Total assets | $50,886 |
| Total liabilities | $47,468 |
| Net assets or fund balances | $3,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dearborn Real Estate Board Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
The Chicago Association Of Realtors Inc Chicago, IL PURPOSE: Assist with Various Programs & Events | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Specialized Realtor Education Inc Chicago, IL | $26,431,436 | $9,121,401 |
Swedish American Realty Corporation Rockford, IL | $18,485,524 | $7,044,065 |
Sdco Sfs Logistics Center Inc Chicago, IL | $145,459,378 | $6,525,972 |
Ipers 510 Marquette Inc Chicago, IL | $54,685,062 | $6,518,064 |
Ipers Creekside Inc Chicago, IL | $129,458,514 | $6,603,466 |
Savelli Properties Inc St Louis, MO | $35,804,880 | $2,705,555 |
Ipers Villas On Guadalupe-Tx Inc Chicago, IL | $47,058,177 | $4,863,492 |
Oakland 14th Office Inc Chicago, IL | $72,846,084 | $5,287,147 |
Highlands 501c 25 Inc Chicago, IL | $44,455,397 | $4,360,723 |
Sdc Clifton Commons Inc Chicago, IL | $61,522,059 | $4,418,653 |
Imh Realty Corporation Franklin, IN | $84,073,233 | $0 |
Pera Urban West Corp Chicago, IL | $39,397,546 | $4,020,273 |