Institute Of Real Estate Management Of The Natl Assn Of Realtors
- Assets
- $337.9k
- Revenue
- $279.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chandler, AZ
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 51-0203840
Organization Overview
Institute Of Real Estate Management Of The Natl Assn Of Realtors, operating under the name Irem Greater Phoenix Chapter No 47, is located in Chandler, AZ. The organization was established in 1976. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Irem Greater Phoenix Chapter No 47 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 12/2021, Irem Greater Phoenix Chapter No 47 generated $279.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $194.1k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO MEMBERS OF THE REAL ESTATE INDUSTRY AND SCHOLARSHIPS TO THE MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OF REAL ESTATE MANAGEMENT IREM IS AN INTERNATIONAL COMMUNITY OF REAL ESTATE MANAGERS DEDICATED TO ETHICAL BUSINESS PRACTICES, MAXIMIZING THE VALUE OF INVESTMENT REAL ESTATE, AND PROMOTING SUPERIOR MANAGEMENT THROUGH EDUCATION AND INFORMATION SHARING. AN AFFILIATE OF THE NATIONAL ASSOCIATION OF REALTORS, IREM IS THE HOME FOR ALL INDUSTRY PROFESSIONALS CONNECTED TO REAL ESTATE MANAGEMENT AND THE ONLY ORGANIZATION SERVING BOTH THE MULTI-FAMILY AND COMMERCIAL SECTORS. WE BELIEVE IN OUR PEOPLE, AND WE PROVIDE THE TOOLS THEY NEED TO SUCCEED. WE OPEN DOORS, WE FORGE CONNECTIONS, AND WE HELP SHOW THE WAY FORWARD. BACKED BY THE POWER THAT COMES WITH BEING AN AFFILIATE OF THE NATIONAL ASSOCIATION OF REALTORS, WE ADD VALUE TO OUR MEMBERS, WHO IN TURN ADD VALUE TO THEIR TEAMS, THEIR WORKPLACES, AND THE PROPERTIES IN THEIR COMMERCIAL AND RESIDENTIAL PORTFOLIOS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalinda Bridges President | OfficerTrustee | 5 | $0 |
Tyrel Williams Vice President | OfficerTrustee | 5 | $0 |
Melissa Boyle Director | Trustee | 2 | $0 |
Brent Penrod Treasurer | OfficerTrustee | 5 | $0 |
Ed Valerio Treasurer | OfficerTrustee | 2 | $0 |
Lauren Lacasse Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,893 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,893 |
| Total Program Service Revenue | $258,907 |
| Investment income | $283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,561 |
| Net Income from Gaming Activities | $1,135 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,911 |
| Grants and other assistance to domestic individuals. | $449 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,802 |
| Advertising and promotion | $1,628 |
| Office expenses | $9,284 |
| Information technology | $2,123 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,807 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $845 |
| All other expenses | $0 |
| Total functional expenses | $194,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,278 |
| Savings and temporary cash investments | $294,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,917 |
| Total assets | $337,906 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $48,726 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,113 |
| Total liabilities | $57,839 |
| Net assets without donor restrictions | $280,067 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $337,906 |
Grants Awarded
Over the last fiscal year, Institute Of Real Estate Management Of The Natl Assn Of Realtors has awarded $11,911 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: Program support | $6,822 |
Chicago, IL PURPOSE: Scholarships | $5,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Member Services Inc Santa Cruz, CA | $146,353,326 | $23,122,864 |
550 Corporate Center Investment Group Inc El Segundo, CA | $123,957,933 | $9,348,795 |
National Associaton Of Hispanic Real Estate Professionals San Diego, CA | $3,754,334 | $9,140,386 |
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Pasadena Gateway Willas Corporation Pasadena, CA | $583,745,665 | $12,743,337 |
Tmt Tapestry Naperville Inc San Francisco, CA | $84,971,977 | $6,744,374 |
Tmt Park Bridge Inc San Francisco, CA | $97,828,411 | $6,399,295 |
1541 And 1545 Wilshire Seiu 721 Holdings Llc Los Angeles, CA | $47,586,913 | $3,458,952 |
Tmt Arbors At Fair Lakes Apartments Inc San Francisco, CA | $98,381,662 | $6,062,685 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
Tmt Pointe Plaza Inc San Francisco, CA | $52,280,975 | $4,024,011 |
Marshall Square Investment Groupinc El Segundo, CA | $178,044,342 | $8,052,426 |