Counselors of Real Estate
Nonprofit profile at a glance
- EIN
- 366140410
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3123298200
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,420,060
- Expenses
- $2,524,792
- Assets
- $3,178,328
- Liabilities
- $1,509,512
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- MARY FLEISCHMANN (CEO)
Highest reported compensation
- MARY FLEISCHMANN (CEO): $395,677 total reported compensation
- RICHARD SIROIS (DIR. OF MARKETING AND COMMUNICATIONS): $169,564 total reported compensation
- SHEA TURNER (CHIEF ADMINISTRATIVE OFFICER): $161,208 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cre was established exclusively for real estate advisors who provide intelligent, unbiased, and trusted advice for a client or employer. The purpose of the organization is to serve as an information resource and to provide its members with opportunities for (see schedule o) professional development, knowledge sharing, and networking, all grounded in a culture of camaraderie.
What it reported doing in 2024
The counselors of real estate offers multiple communications to benefit its members and the real estate community at large. The "real estate issues" publication is cre's professional journal featuring incisive, dynamic articles that respond to current trends in the real estate industry. The journal is printed three times a year. The association also produces "the counselor" newsletter which showcases cre activities and industry events, along with an annual membership directory.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 48
- Accountability: 86
- Sustainability: 26
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.3%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 40.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 23 of 23 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $396K · 28 people listed · 3 of 6 pay-setting controls reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes foreign activity and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 21/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.