Nahrep Subsidiary Incorporated: Nonprofit Profile, Financials & Form 990 (EIN 38-3990141)

Revenue by fiscal year
FY2020	$1.8M
FY2021	$2.4M
FY2022	$4.0M
FY2023	$3.8M
FY2024	$3.9M

Expenses by fiscal year
FY2020	$1.7M
FY2021	$2.4M
FY2022	$3.6M
FY2023	$3.7M
FY2024	$3.8M

Net assets by fiscal year
FY2020	$2.3M
FY2021	$2.4M
FY2022	$2.8M
FY2023	$2.9M
FY2024	$3.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $3.4M Management & general 10% · $372K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Gary Acosta

CEO

$0Pt VII · Sec A

David Acosta

President

$0Pt VII · Sec A

Daisy Lopez Cid

Past President

$0Pt VII · Sec A

Juan Martinez

Chairman

$0Pt VII · Sec A

See Nahrep Subsidiary Incorporated executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates real estate professionals to help Hispanic consumers achieve homeownership.

Questions for Nahrep Subsidiary Incorporated

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1 program · $3.4M · in their own filed words · FY2024

01

Purpose is to promote Hispanic home ownership by providing educational resources and activities for real estate professionals serving Hispanic consumers

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-3990141) · Dispute this line

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2019

The Chicago Association of Realtors INCFY2019$8K

Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.9M

Ln 12

Gifts and grantsLn 1h$3.9M

Money outPt IX

$3.8M

Ln 25

Programscol B$3.4M

Managementcol C$372K

Owns and owesPt X

$3.1M

net assets · Ln 32

Cash and savingsLn 1–2$539K

Total assetsLn 16$3.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.9M

Total revenueLn 12$3.9M

Assets in detailPt X, end of year

CashLn 1$539K

Cash and savings togetherLn 1–2$539K

Accounts receivableLn 4$185K

Other assetsLn 15$2.4M

Total assetsLn 16$3.1M

LiabilitiesLn 26$0

Net assetsLn 32$3.1M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$200K	$539K
Total assetsLn 16	$2.9M	$3.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.9M	$3.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$1.2M	$928K	$247K
Advertising and promotionLn 12	$30K		$30K
Office expensesLn 13	$162	$162
Conferences, conventions and meetingsLn 19	$717K	$701K	$16K
Other expenses (24a–d)Ln 24	$1.8M	$1.8M	$49K
All other expensesLn 24e	$31K		$31K
Total functional expensesLn 25	$3.8M	$3.4M	$372K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025	$3.9M	$3.8M	$168K	$3.1M	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$3.8M	$3.7M	$137K	$2.9M	990 PDF
FY2022Filed with the IRS Nov 14, 2023	$4.0M	$3.6M	$410K	$2.8M	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$2.4M	$2.4M	$73K	$2.4M	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$1.8M	$1.7M	$154K	$2.3M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $3,948,624 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,832,434$3,948,624

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $3,832,434$3,948,624

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $3,694,962$3,780,758

I-18 Total expensesPrior year $3,694,962$3,780,758

I-19 Revenue less expensesPrior year $137,472$167,866

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,948,624 across 4 lines filed

VIII-1f All other contributions, gifts and grants$3,948,624

VIII-1h Total contributions, gifts and grants$3,948,624

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,948,624

Part IX · Statement of functional expenses $3,780,758 across 6 lines filed

IX-11g Other fees for servicesPrograms $927,742 · Management $246,615$1,174,357

IX-12 Advertising and promotionManagement $29,526$29,526

IX-13 Office expensesPrograms $162$162

IX-19 Conferences, conventions and meetingsPrograms $701,188 · Management $16,296$717,484

IX-24 Other expenses (24a–d)Programs $1,780,068 · Management $48,557$1,828,625

IX-24e All other expensesManagement $30,604$30,604

IX-25 Total functional expensesPrograms $3,409,160 · Management $371,598 · Fundraising $0$3,780,758

Part X · Balance sheet $3,113,356 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $199,822$539,182

X-4 Accounts receivableStart of year $191,925$184,650

X-15 Other assetsStart of year $2,553,743$2,389,524

X-16 Total assetsStart of year $2,945,490$3,113,356

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,945,490$3,113,356

X-32 Total net assets or fund balancesStart of year $2,945,490$3,113,356

X-33 Total liabilities and net assetsStart of year $2,945,490$3,113,356

Part XI · Reconciliation of net assets $3,113,356 net assets at year end

XI-1 Total revenue$3,948,624

XI-2 Total expenses$3,780,758

XI-3 Revenue less expenses$167,866

XI-4 Net assets at start of year$2,945,490

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,113,356

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Nahrep Subsidiary Incorporated

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nahrep Subsidiary Incorporated

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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