Aarep La Inc

Nonprofit profile at a glance

EIN
833266410
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2021
Location
Hacienda Heights, CA, USA
Phone
9094367622
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$144,248
Expenses
$113,563
Assets
$63,507
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Kimberly Brown (President)
  • Troy Jenkins (Vice President)

People named in this filing

  • Kimberly Brown (President)
  • Troy Jenkins (Vice President)
  • Michael Tidwell (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support black commercial real estate professionals to drive economic parity and transformative opportunities in the communities we serve by supporting developers, investment and asset managers, brokers, property managers, architects, and finance and law professionals in building relationships and obtaining the resources that aid in current and future growth.

What it reported doing in 2023

The mentorship program and membership programs are the most successful programs for AAREP LA. In 2023, we mentored 11 mentees. They learned from 9 of our most seasoned professionals within the network. We also sent 5 members to Project REAP (Real Estate Associates Program) where they participated in 8 weeks of learning about real estate, the different realms, positions, and accomplishments that can be achieved. Our membership is up to 240 members. We have incorporated a student membership component that has received great feedback from local universities such as USC and UCLA.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.7%; rating input score 79
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 21.3%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 63.7% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 78.7% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $114K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.