NAREIT FOUNDATION

EIN: 200455984 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$290,348
Total Expenses
$910,825
Total Assets
$2,301,967
Net Assets
$2,301,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DC
Principal Officer
STEVEN WECHSLER
Phone
2027399400
Tax Period
2024-01-01 to 2024-12-31

NAREIT FOUNDATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $290K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $911K exceeded revenue, resulting in a 214% operating deficit.

Mission

MAKING GRANTS TO CHARITABLE, EDUCATIONAL, AND OTHER ORGANIZATIONS QUALIFIED AND RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; TAKING STEPS TO PROMOTE AND ADVANCE SOCIAL RESPONSIBILITY IN THE REAL ESTATE INVESTMENT TRUST INDUSTRY; AND SPONSORING EDUCATIONAL CONFERENCES OR PUBLISHING WRITTEN EDUCATIONAL MATERIAL DEALING WITH LEGAL, ACCOUNTING AND REGULATORY MATTERS CONCERNING REAL ESTATE INVESTMENT TRUSTS.

Program Service Accomplishments

Program 1
Expenses: $906,000

PROVIDED CONTRIBUTIONS TO VARIOUS UNRELATED ORGANIZATIONS THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS CHARITABLE WITHIN THE MEANING OF IRC SECTION 501(C)(3).

Program 2
Expenses: $3,303

SPONSORING EDUCATIONAL CONFERENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,000
Program Service Revenue $0
Investment Income $80,348
Other Revenue $0
TOTAL REVENUE $290,348

Expense Breakdown

Grants Paid $906,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $909,303
Other Expenses $4,825
TOTAL EXPENSES $910,825

Year-over-Year Comparison

2024 2023 Change
Revenue $290,348 $935,929 -0.7%
Expenses $910,825 $901,246 +0.0%
Net Income $-620,477 $34,683 -18.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$3,795,643
Total Directors
20
$3,795,643
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN WECHSLER PRESIDENT 0.00
Officer Director
$0 $68,663 $2,874,992
CATHERINE BARRE TREASURER & SECRETARY 1.00
Officer Director
$0 $83,466 $920,651
MARK J PARRELL CHAIR 0.00
Officer Director
$0 $0 $0
THOMAS A BARTLETT BOARD MEMBER (THRU 2/1/24) 0.00
Director
$0 $0 $0
CONOR C FLYNN BOARD MEMBER 0.00
Director
$0 $0 $0
W MATTHEW KELLY BOARD MEMBER 0.00
Director
$0 $0 $0
MARGUERITE M NADER BOARD MEMBER 0.00
Director
$0 $0 $0
LISA PALMER BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES F RISOLEO BOARD MEMBER 1.00
Director
$0 $0 $0
SUMIT ROY BOARD MEMBER 0.00
Director
$0 $0 $0
DONALD C WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE D HALE CHAIR 0.00
Officer Director
$0 $0 $0
THOMAS J BALTIMORE JR BOARD MEMBER 1.00
Director
$0 $0 $0
CONOR C FLYNN BOARD MEMBER 0.00
Director
$0 $0 $0
W MATTHEW KELLY BOARD MEMBER 0.00
Director
$0 $0 $0
LISA PALMER BOARD MEMBER 0.00
Director
$0 $0 $0
MARK J PARRELL BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES F RISOLEO BOARD MEMBER 1.00
Director
$0 $0 $0
SUMIT ROY BOARD MEMBER 0.00
Director
$0 $0 $0
STEVEN VONDRAN BOARD MEMBER 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $290,348 $910,825 $2,301,967 $-620,477
2023 $935,929 $901,246 $2,922,444 $34,683
2022 $3,023,152 $496,328 $2,887,761 $2,526,824
2021 $687,662 $628,955 $360,937 $58,707
2020 $311,716 $330,926 $373,230 $-19,210
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