Nahrep Subsidiary Incorporated FY2021 filing

San Diego, CAUnknown exempt organizationEIN 38-3990141Revenue $2.4M in FY2021

On file with the IRSnahrep.org2375 Northside Drive Ste 360 · San Diego, CA

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

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
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
$2.4M
+33% vs prior year
Spent
$2.4M
To programs
84%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$2.4M
FY2021▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.4M
FY2022$4.0M
FY2023$3.8M
FY2024$3.9M
Expenses
$2.4M
FY2021▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$2.4M
FY2022$3.6M
FY2023$3.7M
FY2024$3.8M
Net assets
$2.4M
FY2021▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.8M
FY2023$2.9M
FY2024$3.1M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

84 cents of each dollar spent went to programs.

Program services 84% · $2.0M Management & general 16% · $388K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2021
01

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

$2.0Mprogram 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
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Money outPt IX
$2.4M
Ln 25
Programscol B$2.0M
Managementcol C$388K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$623K
Total assetsLn 16$2.4M
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$2.4M
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$623K
Cash and savings togetherLn 1–2$623K
Other assetsLn 15$1.6M
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
Net assetsLn 32$2.4M
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 FY21End FY21
Cash and savingsLn 1–2$592K$623K
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$921K$599K$322K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$23K$1$23K
Conferences, conventions and meetingsLn 19$329K$321K$8K
Other expenses (24a–d)Ln 24$1.0M$1.0M$17K
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$2.4M$2.0M$388K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $2,445,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,839,497$2,445,682
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,839,497$2,445,682
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 $1,685,051$2,372,950
I-18 Total expensesPrior year $1,685,051$2,372,950
I-19 Revenue less expensesPrior year $154,446$72,732
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 $2,445,682 across 4 lines filed
VIII-1b Membership dues$197,241
VIII-1f All other contributions, gifts and grants$2,248,441
VIII-1h Total contributions, gifts and grants$2,445,682
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,445,682
Part IX · Statement of functional expenses $2,372,950 across 6 lines filed
IX-11a Management feesPrograms $598,621 · Management $322,335$920,956
IX-12 Advertising and promotionPrograms $36,940$36,940
IX-13 Office expensesPrograms $1 · Management $22,902$22,903
IX-19 Conferences, conventions and meetingsPrograms $321,294 · Management $8,067$329,361
IX-24 Other expenses (24a–d)Programs $1,028,012 · Management $16,532$1,044,544
IX-24e All other expensesManagement $18,246$18,246
IX-25 Total functional expensesPrograms $1,984,868 · Management $388,082 · Fundraising $0$2,372,950
Part X · Balance sheet $2,397,607 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $591,877$622,635
X-4 Accounts receivableStart of year $210,007$224,284
X-15 Other assetsStart of year $1,522,991$1,550,688
X-16 Total assetsStart of year $2,324,875$2,397,607
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,324,875$2,397,607
X-32 Total net assets or fund balancesStart of year $2,324,875$2,397,607
X-33 Total liabilities and net assetsStart of year $2,324,875$2,397,607
Part XI · Reconciliation of net assets $2,397,607 net assets at year end
XI-1 Total revenue$2,445,682
XI-2 Total expenses$2,372,950
XI-3 Revenue less expenses$72,732
XI-4 Net assets at start of year$2,324,875
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,397,607

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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