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Nahrep Subsidiary Incorporated

San Diego, CAUnknown exempt organizationEIN 38-3990141

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

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $189K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+3% vs prior year
Spent
$3.8M
To programs
90%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$3.9M
FY2024▲ +3%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.4M
FY2022$4.0M
FY2023$3.8M
FY2024$3.9M
Expenses
$3.8M
FY2024▲ +2%
Expenses by fiscal year
FY2020$1.7M
FY2021$2.4M
FY2022$3.6M
FY2023$3.7M
FY2024$3.8M
Net assets
$3.1M
FY2024▲ +6%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.8M
FY2023$2.9M
FY2024$3.1M

From the FY2024 Form 990 · see the original

Give Claim

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.

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.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
David Acosta
President
$0Pt VII · Sec A
Daisy Lopez Cid
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nahrep Subsidiary Incorporated executive salaries →

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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.

Provided by the organization

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1 program service account for $3.4M of program spending, described in the organization's 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

$3.4Mprogram expense

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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
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
LineStart FY24End 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
LineTotalProgramsManagementFundraising
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

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.9M$3.8M$168K$3.1M 990 PDF
FY2023 $3.8M$3.7M$137K$2.9M 990 PDF
FY2022 $4.0M$3.6M$410K$2.8M 990 PDF
FY2021 $2.4M$2.4M$73K$2.4M 990 PDF
FY2020 $1.8M$1.7M$154K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
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 (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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