Asian Real Estate Association of America

EIN: 200503852 Community Improvement

San Diego, CA

Total Revenue
$2,474,151
Total Expenses
$2,464,854
Total Assets
$2,374,223
Net Assets
$1,914,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
Hope Atuel
Phone
6197957873
Tax Period
2024-01-01 to 2024-12-31

Asian Real Estate Association of America, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024.

Mission

The organizations purpose is to educate and help the growth of home ownership for minorities in the United States of America.

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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 $501,042
Program Service Revenue $1,973,088
Investment Income $21
Other Revenue $0
TOTAL REVENUE $2,474,151

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $675,404
Fundraising Expenses $0
Program Expenses $2,077,004
Other Expenses $1,414,129
TOTAL EXPENSES $2,464,854

Year-over-Year Comparison

2024 2023 Change
Revenue $2,474,151 $2,332,151 +0.1%
Expenses $2,464,854 $2,396,498 +0.0%
Net Income $9,297 $-64,347 -1.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
N/A

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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Hur President 5.00
Officer
$0 $0 $0
Helen Nguyen Treasurer 3.00
Officer
$0 $0 $0
Hope Atuel Executive Director 45.00
Officer Highest
$0 $0 $0
Hanah Hua Secretary 3.00
Officer
$0 $0 $0
Allen Okamoto AREAA National Founding Chairman 0.00
Officer
$0 $0 $0
Jim Park AREAA National Chairman Emeritus 0.00
Officer
$0 $0 $0
Allen Chiang AREAA Global Chairman 0.00
Officer
$0 $0 $0
John Yen WOng AREAA National Founding Chairman 0.00
Officer
$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
2024 $2,474,151 $2,464,854 $2,374,223 $9,297
2023 $2,332,151 $2,396,498 $2,343,449 $-64,347
2022 $2,297,757 $2,313,479 $2,546,935 $-15,722
2021 $2,330,274 $1,711,125 $2,354,869 $619,149
2020 $1,811,927 $1,372,965 $1,788,111 $438,962
2019 $2,700,204 $2,543,259 $1,361,017 $156,945
2018 $2,916,094 $2,801,569 $1,133,811 $114,525
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