REAL ESTATE INVESTMENT ASSOCIATION Charity Report

Public IRS 990 nonprofit record

REAL ESTATE INVESTMENT ASSOCIATION

EIN 36-3474657 · Professional Athletic Leagues (N80)

What they do

REIA is COMPRISED of A UNIQUE MIX of SOME of THE BRIGHTEST, MOST VISIONARY REAL ESTATE INVESTMENT ENTREPRENEURS and PROFESSIONALS IN THE CHICAGOLAND REAL ESTATE INDUSTRY. THE FORMATION of REIA WAS DRIVEN BY OUR DESIRE to ADDRESS THE INTERESTS and NEEDS of ALL REAL ESTATE INVESTORS, REGARDLESS of THE FORM of OWNERSHIP. OUR MEMBERSHIP INCLUDES PROFESSIONALS INVOLVED IN ALL ASPECTS of REAL ESTATE TRANSACTIONS, ALL TYPES of REAL ESTATE PROPERTIES, and THE VENDORS THAT SUPPORT THE REAL ESTATE INDUSTRY.REIAS MISSION is to OFFER THE VERY BEST VENUE to MEET INDUSTRY PEERS, DEVELOP REAL ESTATE OPPORTUNITIES and MAKE DEALS HAPPEN. REIA TRULY is "WHERE DEALS and CAPITAL MEET."1. to FACILITATE BUSINESS and SOCIAL NETWORKING OPPORTUNITIES for REAL ESTATE PROFESSIONALS2. to PROVIDE A FORUM for THE EXCHANGE of THE MOST RELEVANT and TIMELY INVESTMENT IDEAS, STRUCTURES, and INNOVATIONS CRITICAL to SUCCESS of THE REAL ESTATE PROFESSIONAL3. to FOSTER THE CREATION of CAPITAL FORMATION IN ALL AREAS of REA

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.72%of revenue went to mission work87.2% of expenses · Program services

$97.19spent for every $100 of revenueRevenue covered expenses this year.

12.46%of revenue went to management and office costs12.8% of expenses

$1.30in assets for every $1 spent this yearSome assets cannot be spent right away.

30.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$245,647

Mission workProgram services$208,12384.72% of revenue87.2% of expenses

ManagementOffice and general costs$30,61512.46% of revenue12.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$6,9092.81% of revenueShown in gray on the chart

Total expenses$238,73897.19% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.2% mission · 12.8% management · 0.0% fundraisingTotal expenses: 97.19% of revenue

2023Expense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 80.89% of revenue

2022Expense mix: 0.0% mission · 10.8% management · 1.7% fundraisingTotal expenses: 97.91% of revenue

2021Expense mix: 0.0% mission · 15.4% management · 0.1% fundraisingTotal expenses: 107.97% of revenue

2020Expense mix: 0.0% mission · 17.1% management · 0.1% fundraisingTotal expenses: 150.13% of revenue

2019Expense mix: 0.0% mission · 14.5% management · 0.5% fundraisingTotal expenses: 95.47% of revenue

2018Expense mix: 0.0% mission · 14.4% management · 0.1% fundraisingTotal expenses: 75.66% of revenue

2017Expense mix: 0.0% mission · 12.9% management · 0.0% fundraisingTotal expenses: 76.56% of revenue

Money in and money out

Revenue$245,647

Expenses$238,738

Annual surplus $6,909 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$208,123 · 87.2% of expenses

Management and office costs$30,615 · 12.8% of expenses

See all reported dollar amounts

Revenue$245,647

Expenses$238,738

Assets$311,502

Income$245,647

Contributions$75,610

Mission work (program services)$208,123

Grants given$188,500

Average grant$20,944

Management and general$30,615

Accounting fees$5,661

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

BRIAN LIGNELLIPAST PRESIDENT

E JAMES KELEDJIANCHAIRMAN

JAMES ALLENFIRST VP

MARK SULLIVANFIRST VP

NOEL HASTALISTREASURER/SEC

ROY RENDINOPRESIDENT

About this charity

Recognized since: January 1987
Location: 6410 SAINT JAMES CT, BURR RIDGE, IL 60527-5773
County: DuPage
In care of: NOEL HASTALIS
Primary officer: NOEL HASTALIS, Treasurer

How to reach them

WebsiteVisit the charity’s website Emailinfo@reia.orgwww.reia.org Phone(630) 747-7990

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CRAY KAISER LTD
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes