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Nahrep Subsidiary Incorporated FY2023 filing

San Diego, CAUnknown exempt organizationEIN 38-3990141Revenue $3.8M in FY2023

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

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
$3.8M
-4% vs prior year
Spent
$3.7M
To programs
91%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$3.8M
FY2023▼ -4%
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
$3.7M
FY2023▲ +3%
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
$2.9M
FY2023▲ +5%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

91 cents of each dollar spent went to programs.

Program services 91% · $3.3M Management & general 9% · $347K

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
Daisy Lopez Cid
Past President
$0Pt VII · Sec A
David Acosta
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 · $3.3M · in their own filed words · FY2023
01

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

$3.3Mprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.8M
Money outPt IX
$3.7M
Ln 25
Programscol B$3.3M
Managementcol C$347K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$2.9M
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$3.8M
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$200K
Cash and savings togetherLn 1–2$200K
Other assetsLn 15$2.6M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
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 FY23End FY23
Cash and savingsLn 1–2$711K$200K
Total assetsLn 16$2.8M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$1.1M$880K$221K
Advertising and promotionLn 12$22K$22K
Conferences, conventions and meetingsLn 19$641K$618K$23K
Other expenses (24a–d)Ln 24$1.9M$1.8M$50K
All other expensesLn 24e$32K$32K
Total functional expensesLn 25$3.7M$3.3M$347K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.9M$3.8M$168K$3.1M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $3,832,434 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,008,476$3,832,434
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $4,008,476$3,832,434
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 $3,598,065$3,694,962
I-18 Total expensesPrior year $3,598,065$3,694,962
I-19 Revenue less expensesPrior year $410,411$137,472
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 $3,832,434 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,832,434
VIII-1h Total contributions, gifts and grants$3,832,434
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,832,434
Part IX · Statement of functional expenses $3,694,962 across 5 lines filed
IX-11g Other fees for servicesPrograms $880,296 · Management $221,176$1,101,472
IX-12 Advertising and promotionManagement $21,670$21,670
IX-19 Conferences, conventions and meetingsPrograms $618,456 · Management $22,689$641,145
IX-24 Other expenses (24a–d)Programs $1,848,902 · Management $50,182$1,899,084
IX-24e All other expensesManagement $31,591$31,591
IX-25 Total functional expensesPrograms $3,347,654 · Management $347,308 · Fundraising $0$3,694,962
Part X · Balance sheet $2,945,490 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $710,762$199,822
X-4 Accounts receivableStart of year $272,087$191,925
X-15 Other assetsStart of year $1,825,169$2,553,743
X-16 Total assetsStart of year $2,808,018$2,945,490
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,808,018$2,945,490
X-32 Total net assets or fund balancesStart of year $2,808,018$2,945,490
X-33 Total liabilities and net assetsStart of year $2,808,018$2,945,490
Part XI · Reconciliation of net assets $2,945,490 net assets at year end
XI-1 Total revenue$3,832,434
XI-2 Total expenses$3,694,962
XI-3 Revenue less expenses$137,472
XI-4 Net assets at start of year$2,808,018
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,945,490

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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