New Orleans Real Estate Investors Association Inc
- Assets
- $415.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 08/1985
- Data as of
- 11/2023
- EIN
- 58-1598367
Organization Overview
New Orleans Real Estate Investors Association Inc is located in Metairie, LA. The organization was established in 1985. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & 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. New Orleans Real Estate Investors Association 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.
For the year ending 11/2023, New Orleans Real Estate Investors Association Inc generated $85.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $87.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES FOR PEOPLE PRIMARILY ENGAGED IN REAL ESTATE INVESTING.
Describe the Organization's Program Activity:
Part 3
SPEAKER RON LEGRAND CAME AND SPOKE IN OUR MONTHLY MEETING AND HE HAD A WEEKEND SEMINAR. \ THERE WERE EDUCATIONAL PACKAGES SOLD AND WE RECEIVED A PERCENTAGE.
SPEAKER PETE YOUNG CAME AND SPOKE TO OUR MONTHLY MEETING. THERE WERE EDUCATIONAL PACKAGES SOLD AND WE RECEIVED A PERCENTAGE.
SPEAKER DON DEROSA CAME AND SPOKE TO OUR MONTHLY MEETING. THERE WERE EDUCATIONAL PACKAGES SOLD AND WE RECEIVED A PERCENTAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Zepeda President | 5 | $0 | |
Linda Locascio Vice President | 5 | $0 | |
Betsy Birdsong Treasurer | 5 | $0 | |
Jack Sternberg Programming | 5 | $0 | |
Jessica Manzella Vendor Membership | 5 | $0 | |
Carol Logreco Special Events Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $41,120 |
| Membership dues | $41,264 |
| Investment income | $3,396 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,780 |
| 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 | $15,717 |
| Occupancy, rent, utilities, and maintenance | $33,137 |
| Printing, publications, postage, and shipping | $917 |
| Other expenses | $37,588 |
| Total expenses | $87,359 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $415,081 |
| Other assets | $0 |
| Total assets | $415,081 |
| Total liabilities | $0 |
| Net assets or fund balances | $415,081 |