Real Estate Investment Council Inc
- Assets
- $82.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/1991
- Data as of
- 06/2023
- EIN
- 59-2426492
Organization Overview
Real Estate Investment Council Inc is located in Tampa, FL. The organization was established in 1991. 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. Real Estate Investment Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Real Estate Investment Council Inc generated $153.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $156.5k during the year ending 06/2023. While expenses have increased by 10.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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 Program Activity:
Part 3
PURPOSES: THE REAL ESTATE INVESTMENT COUNCIL ("REIC") IS AN ORGANIZATION OF A WIDE RANGE OF PROFESSIONALS HAVING AN INTEREST IN COMMERCIAL REAL ESTATE. ITS PURPOSES ARE TO (A)INFORM ITS MEMBERS OF THE LATEST BUSINESS AND FINANCIAL NEW AFFECTING COMMERCIAL REAL ESTATE; (B) CREATE A FORUM FOR THE EXCHANGE OF IDEAS; AND (C) PROVIDE A SETTING FOR MEMBERS TO DEVELOP NEW BUSINESS CONTACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Nelson Director | 3 | $0 | |
Jeffrey Shear Director | 3 | $0 | |
Bruce Burdge Director | 3 | $0 | |
Yakhin Israel Director | 3 | $0 | |
Robert Stern President | 5 | $0 | |
William R Paul ESQ Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $95,318 |
| Membership dues | $57,755 |
| Investment income | $290 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,363 |
| 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 | $29,390 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $232 |
| Other expenses | $126,882 |
| Total expenses | $156,504 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,714 |
| Other assets | $0 |
| Total assets | $82,714 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,714 |