Commercial Real Estate Brokerage Association of Greater Washington EIN 52-1675428

Commercial Real Estate Brokerage Association of Greater Washington

EIN  52-1675428 Business league / trade association Rockville, MD
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Advance commercial real estate brokerage through education, networking, and recognition.
Leadership
Kaitlyn Rausse · President
Money in and out
$577K revenue, $644K expenses
Bottom line
-12% operating surplus

Advance commercial real estate brokerage through education, networking, and recognition. For fiscal year 2024 it reported $577K in revenue, $644K in expenses, and $517K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$577K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$517K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Operating surplus
-12%
revenue over expenses▼ -82% vs prior filing year
Earned revenue
97%
of revenue from program services & dues▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$577K
FY2024▲ +9%
Expenses
$644K
FY2024▲ +15%
Total assets
$652K
FY2024▼ -8%
Total liabilities
$135K
FY2024▲ +11%
Total revenue
$577K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$517K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$652K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Creba provides opportunities for real estate professionals to network with their peers. Networking promotes exchange of best practices and exchange of industry related information.

Pt IX · col B
02

Creba provides members with newsletters and other industry related information to keep them informed regarding changes in the commercial real estate market and association updates.

Pt IX · col B
03

Creba provides educational programs to keep real estate professionals up to date regarding industry practices.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommercial Real Estate Brokerage Association of Greater Washington
EINHdr · item D52-1675428
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Jwww.creba.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFMar 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Commercial Real Estate Brokerage Association of Greater Washington executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$559K · 97%
Investment income$18K · 3%
Program service revenue97%$559K
Investment income3%$18K
Total revenueLn 12$577K

Balance Sheet

Part X · end of year
CashLn 1$589K
Total assetsLn 16$652K
Total liabilitiesLn 26$135K
Total net assetsLn 32$517K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $589K · Operating expenses/yr $644K
11.0 months
Where the money goes
Program services
Program services — · Total expenses $644K
Management & General
Management & general — · Total expenses $644K
Fundraising
Fundraising — · Total expenses $644K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $577K
0%
Government reliance
Government grants — · Total revenue $577K
Earned-income share
Program service revenue $559K · Total revenue $577K
97%
Investment reliance
Investment income $18K · Total revenue $577K
+3%
Program self-sufficiency
Program service revenue $559K · Total expenses $644K
87%
Growth & trend
Revenue growth (YoY)
This year $577K · Prior year $527K
+9%
Revenue CAGR
FY2020 $447K · FY2024 $577K
+7%
Net-asset trend (YoY)
End of year $517K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $577K · Expenses $644K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $652K
Net-asset ratio
Net assets $517K · Total assets $652K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $652K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kaitlyn Rausse · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $644K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $644K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 9%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$577K revenue · viewing · ⤓ 990 PDF
FY2023$527K revenue · ⤓ 990 PDF
FY2022$549K revenue · ⤓ 990 PDF
FY2021$401K revenue · ⤓ 990 PDF
FY2020$447K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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