Real Estate Finance Forum

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

10 people listed

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

To further the professional development of women.

To further the professional development of women in all phases of commercial real estate finance.

Revenue model: Earned-program. 100% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 88.9%; rating input score 89; 6th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 67.4%; rating input score 67; 48th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: 30.7%; rating input score 81; 81st percentile among comparable filings
Total-asset coverage ratio: 2.2; rating input score 62; 62nd 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 67; 67th percentile among comparable filings

Program expense growth: 11.1% per year; rating input score 100; 70th percentile among comparable filings
Revenue growth: 7.3% per year; rating input score 100; 59th percentile among comparable filings
Asset growth: 13.2% per year; rating input score 100; 71st percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 10 board members independent · 2 of 7 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $0 · 10 people listed
Consistency: 7 of 8 current checks pass · 1 finding to review
Schedules: 2 filed schedules · includes grants
Filing history: 8 filing years from 2018 to 2025
Contacts: How to reach this organization
Money network: 1 filed money-flow record
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.

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

High — Accountability: Independent voting board scored 0/100.
High — Accountability: Governance controls: 4 of 6 not reported.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.