Philadelphia Real Estate Council
Nonprofit profile at a glance
- EIN
- 272267852
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- Philadelphia, PA, USA
- Phone
- 2158406851
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $95,644
- Expenses
- $117,429
- Assets
- $29,643
- Liabilities
- $5,238
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- ANDREW L BENIOFF (CHAIRMAN AND FOUNDER): $66,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Drives advancements in commercial real estate by offering members a professional network that provides them with targeted connections to like-minded people. Valued information, trusted organizations, and timely and focused events.
What it reported doing in 2025
Fill a critical void acting as a connector between valued contacts and content. Provide a social and learning environment for industry leaders. Recommend personal connections with peers focusing on issues relative to business decisions. Forge focused knowledge and information sharing amongst its members. Provide access to subject matter and industry experts for individual and group dissemination through the combination of meeting and an online portal.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 7
- Transparency & Controls: 84
- Accountability: 79
- Sustainability: 22
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.9%; rating input score 8
- Program expense ratio: 6.4%; rating input score 6
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -22.8%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 56.2%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -28.3% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -6.4% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 7.9% of revenue deployed · 6.4% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $66K · 11 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 8/100.
- High — Financial Efficiency: Program expense ratio scored 6/100.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.