Iowa Commercial Real Estate Association
Nonprofit profile at a glance
- EIN
- 010579900
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Clive, IA, USA
- Phone
- 8778295500
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Boards of Trade
Reported finances
- Revenue
- $42,875
- Expenses
- $56,879
- Assets
- $71,955
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- COREY SEDREL (PRESIDENT)
People named in this filing
- MARK MILLS (MEMBER)
- MITCHELL SANKEY (MEMBER)
- JORDAN BOUSLOG (MEMBER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization seeks to advance the commercial real estate industry throughout the state of Iowa.
What it reported doing in 2024
Each year, Iowa commercial real estate association holds various meetings and events to educate the real estate professionals and advance the commerical real estate industry. During fiscal year 2025, the organization provided two continuing education programs for approximately 100 real estate professionals. In addition, it hosted nine breakfast meetings and quarterly lunch programs featuring guest speakers on topics relative to real estate, with average attendance of approximately 45 participants. The organization also held three member-only networking events, attended by approximately 35 individuals. Finally, the organization partnered with Iowa ccim chapter to host the Iowa commercial real estate expo. This full day convention includes 12 breakout educational sessions and three keynote speakers. Approximately, 450 individuals attended this event.
Operating model
- Revenue model
- Membership-supported. 73% of the money available for current operations came from membership dues.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 6
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.3%; rating input score 9
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -32.7%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.27; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -32.5% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -17.7% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 9.3% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.