Georgia Real Estate Investors Association Inc
- Assets
- $114.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 58-1618762
Organization Overview
Georgia Real Estate Investors Association Inc is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Georgia Real Estate Investors Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia 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 12/2022, Georgia Real Estate Investors Association Inc generated $141.0k 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 (6.2%) each year. All expenses for the organization totaled $129.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE MEMBERS REGARDING INVESTMENTS IN REAL ESTATE.
Describe the Organization's Program Activity:
Part 3
TO ASSIST ITS MEMBERS IN SUCCEEDING IN THEIR REAL ESTATE INVESTMENTS PLANS BY PROVIDING CONTINUING EDUCATION, MOTIVATION, AND OPPORTUNITY IN A POSITIVE AND MUTUALLY SUPPORTIVE ENVIRONMENT
TO ASSIST ITS MEMBERS IN SUCCEEDING IN THEIR REAL ESTATE INVESTMENT PLANS BY PROVIDING CONTINUING EDUCATION, MOTIVATION, AND OPPORTUNITY IN A POSITIVE AND MUTUALLY SUPPORTIVE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Baggenstoss President | 10 | $0 | |
Michelle Mcmillan Vice Preside | 5 | $0 | |
Sheree Hsu Secretary | 2 | $0 | |
Pam Storm Treasurer | 2 | $0 | |
Cleatus Murphy Member At La | 1 | $0 | |
Frank Morales Member At La | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,219 |
| Membership dues | $123,027 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $709 |
| Total Revenue | $140,962 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,956 |
| Professional fees and other payments to independent contractors | $6,436 |
| Occupancy, rent, utilities, and maintenance | $19,224 |
| Printing, publications, postage, and shipping | $87 |
| Other expenses | $41,745 |
| Total expenses | $129,448 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,566 |
| Other assets | $0 |
| Total assets | $114,375 |
| Total liabilities | $999 |
| Net assets or fund balances | $113,376 |