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Hrec INC FY2022 filing

Not tax-deductible

Houston, TX501(c)(6)Mutual / membership EIN 76-0374063Revenue $49K in FY2022Latest return filed Oct 30, 2025

On file with the IRShoustonrealestatecouncil.orgHouston, TXTax-exempt since Feb 1993

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The houston real estate council is an industry advocacy organization created to address public policies & regulatory issues affecting the real estate investment & development community. The council, thru members of its steering committee, is deeply involved in a wide range of issues that impact the ownership and development of real property.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0374063) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $6K a year · 9% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
9.2 mo
of spending, in cash
9.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 7 voting members
None of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$49K
-44% vs prior year
Spent
$80K
To programs
93%
Net assets
$61K
By yearFY2020–FY2024
Revenue
$49K
FY2022▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$87K
FY2022$49K
FY2023$79K
FY2024$77K
Expenses
$80K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$77K
FY2022$80K
FY2023$79K
FY2024Not on file
Net assets
$61K
FY2022▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$81K
FY2021$92K
FY2022$61K
FY2023$60K
FY2024$63K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 ruling in Feb 1993.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $74K Management & general 7% · $6K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Suzy Hartgrove
Executive Di
$0Pt VII · Sec A
Robert Collins
Of Council
$0Pt VII · Sec A
Chase Crawford
2nd Vice Pre
$0Pt VII · Sec A
Jason Ford
Past Preside
$0Pt VII · Sec A
Brent Laumen
Treasurer
$0Pt VII · Sec A
John Rentz
1st Vice Pre
$0Pt VII · Sec A
Julie Ward
President
$0Pt VII · Sec A
See Hrec INC 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 15aNo

Programs and updates

Advocates for public policies and regulations impacting real estate investment and development.

Questions for Hrec INC

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1 program · $49K · in their own filed words · FY2022
01

To assist the real estate investment and development community

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0374063) · Dispute this line
$49Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$49K
Ln 12
Fees for servicesLn 2g$49K
Money outPt IX
$80K
Ln 25
Programscol B$74K
Managementcol C$6K
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$61K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$49K
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$61K
Cash and savings togetherLn 1–2$61K
Total assetsLn 16$61K
LiabilitiesLn 26$0
Net assetsLn 32$61K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$92K$61K
Total assetsLn 16$92K$61K
LiabilitiesLn 26$0$0
Net assetsLn 32$92K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K$25K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$29$29
Information technologyLn 14$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$49K$49K$240
Total functional expensesLn 25$80K$74K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 30, 2025 $77K$63K 990 PDF
FY2023Filed with the IRS Feb 3, 2025 $79K$79K−$716$60K 990 PDF
FY2022 ViewingFiled with the IRS May 25, 2023 $49K$80K−$31K$61K 990 PDF
FY2021Filed with the IRS Aug 23, 2022 $87K$77K$10K$92K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $72K$77K−$4K$81K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $48,900 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $87,000$48,900
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $87,000$48,900
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 $76,570$79,658
I-18 Total expensesPrior year $76,570$79,658
I-19 Revenue less expensesPrior year $10,430−$30,758
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $48,900 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,900$48,900
VIII-12 Total revenueRelated to mission $48,900$48,900
Part IX · Statement of functional expenses $79,658 across 6 lines filed
IX-11a Management feesPrograms $25,000$25,000
IX-11c Accounting feesManagement $1,165$1,165
IX-11g Other fees for servicesManagement $29$29
IX-14 Information technologyManagement $2,767$2,767
IX-23 InsuranceManagement $1,326$1,326
IX-24 Other expenses (24a–d)Programs $49,131 · Management $240$49,371
IX-25 Total functional expensesPrograms $74,131 · Management $5,527 · Fundraising $0$79,658
Part X · Balance sheet $61,062 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $91,820$61,062
X-16 Total assetsStart of year $91,820$61,062
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $91,820$61,062
X-32 Total net assets or fund balancesStart of year $91,820$61,062
X-33 Total liabilities and net assetsStart of year $91,820$61,062
Part XI · Reconciliation of net assets $61,062 net assets at year end
XI-1 Total revenue$48,900
XI-2 Total expenses$79,658
XI-3 Revenue less expenses−$30,758
XI-4 Net assets at start of year$91,820
XI-10 Net assets at end of year$61,062

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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