Association Of Foreign Investors In Real Estate
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $1.1m
- Employees
- 5
- Location
- Washington, DC
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 52-1565478
Organization Overview
Association Of Foreign Investors In Real Estate is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Association Of Foreign Investors In Real Estate employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Foreign Investors In Real Estate 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, Association Of Foreign Investors In Real Estate generated $2.1m 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 (3.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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 PROMOTE GOODWILL AND EDUCATE THE U.S. ABOUT FOREIGN CAPITAL INVESTED IN THE U.S. REAL ESTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS SEVERAL MEMBERSHIP MEETINGS THROUGHOUT THE YEAR THAT ARE HELD IN THE UNITED STATES, EUROPE, AND ASIA. THE MEETINGS FEATURE SPEAKERS AND OTHER CURRENT MATTERS OF INTEREST AFFECTING INTERNATIONAL REAL ESTATE INVESTMENTS. BECAUSE OF COVID RESTRICTIONS, THE MAJORITY OF OUR EVENTS IN 2021 WERE VIRTUAL. WE HAD A TOTAL OF 819 PEOPLE ATTENDING/VIEWING 20 VIRTUAL AND IN-PERSON EVENTS. WE OFFERED COMPLIMENTARY ATTENDANCE FOR THE MAJORITY OF THE VIRTUAL EVENTS.
AS THE OFFICIAL VOICE OF THE FOREIGN REAL ESTATE INDUSTRY IN THE UNITED STATES, THE ASSOCIATION REPRESENTS THE INTERESTS OF INBOUND INVESTMENT FROM 24 DIFFERENT COUNTRIES. THE ASSOCIATION PROVIDES AN EXCLUSIVE ENVIRONMENT WHERE PRINCIPALS AND SENIOR EXECUTIVES CAN MEET AND EXCHANGE INFORMATION. WE ALSO PROVIDE EXPOSURE TO INFLUENTIAL US POLICY MAKERS AND OPINION LEADERS, UPDATES ON IMPORTANT LEGISLATION AND TAX REGULATIONS, AND INFORMATIVE PUBLICATIONS DEDICATED TO ENSURING THAT THE NON-US INVESTOR IS AS INFORMED AS THE DOMESTIC INVESTOR. THE ASSOCIATION IS GOVERNED SOLELY BY NON-US INVESTOR INSTITUTIONS THROUGH THEIR DESIGNATED DELEGATES AND MANAGED BY A FULL-TIME STAFF IN WASHINGTON, DC.
THE ASSOCIATION PROVIDES ACCESS TO THEIR MEMBERS, VIA THE INTERNET, TO THE QUARTERLY PUBLICATION, SUMMIT JOURNAL, FEATURING ARTICLES ON REAL ESTATE INVESTING, MARKET TRENDS, TAX AND LEGAL ISSUES, AND OTHER GERMANE TOPICS. EACH YEAR THE ASSOCIATION PUBLISHES A DIRECTORY OF ITS MEMBERS, WHICH IS AVAILABLE ONLY TO MEMBERS VIA THE MEMBERS ONLY WEBSITE.
THE ASSOCIATION HAS 180 CORPORATE MEMBERS, REPRESENTING APPROXIMATELY 625 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gunnar Branson Chief Executive Officer | Officer | 40 | $650,000 |
Alexandra Miller Chief Operating Officer | Officer | 40 | $230,000 |
Asmait Tewelde Meeting Director | 40 | $123,200 | |
Benjamin Van Loon Communications Director | 40 | $123,200 | |
Martin J Bruhl Chair | OfficerTrustee | 1 | $0 |
Kai-Yan Lee Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,987,526 |
| Investment income | $7,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,052,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $880,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,478 |
| Pension plan accruals and contributions | $23,160 |
| Other employee benefits | $89,967 |
| Payroll taxes | $63,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,520 |
| Advertising and promotion | $0 |
| Office expenses | $13,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,209 |
| Travel | $15,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,660 |
| Insurance | $0 |
| All other expenses | $44,094 |
| Total functional expenses | $2,086,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,662 |
| Savings and temporary cash investments | $98,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,392 |
| 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 | $176,975 |
| Net Land, buildings, and equipment | $9,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,099,216 |
| Investments—program-related | $0 |
| Intangible assets | $22,735 |
| Other assets | $4,951 |
| Total assets | $2,165,663 |
| Accounts payable and accrued expenses | $358,492 |
| Grants payable | $0 |
| Deferred revenue | $768,500 |
| 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 | $0 |
| Total liabilities | $1,126,992 |
| Net assets without donor restrictions | $1,038,671 |
| 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 | $2,165,663 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leadingage Inc Washington, DC | $34,986,280 | $17,783,069 |
National Housing Center Corp Washington, DC | $55,551,825 | $8,807,162 |
National American Indian Housing Council Washington, DC | $5,348,139 | $3,809,714 |
National Association Of Residential Property Managers Chesapeake, VA | $7,197,610 | $3,141,683 |
Public Housing Authorities Directors Association Washington Dc, DC | $6,101,461 | $2,791,595 |
Association Of Foreign Investors In Real Estate Washington, DC | $2,165,663 | $2,052,109 |
Stewards Of Affordable Housing For The Future Washington, DC | $4,750,399 | $3,265,921 |
Nahma Inc Alexandria, VA | $1,371,765 | $1,737,919 |
National Housing Rehabilitation Association Washington, DC | $1,764,260 | $1,317,747 |
National Association Of Affordable Housing Lenders Washington, DC | $2,812,114 | $1,286,795 |
Home Builders Association Of Virginia Richmond, VA | $2,262,595 | $1,140,915 |
Dulles Area Association Of Realtors Ashburn, VA | $1,053,649 | $713,181 |