NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)

EIN: 273586050 Community Improvement

WASHINGTON, DC

Total Revenue
$37,302,219
Total Expenses
$33,551,700
Total Assets
$47,548,466
Net Assets
$25,180,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DC
Principal Officer
STEVEN WECHSLER
Phone
2027399400
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT), founded in 2010, is a mid-sized nonprofit in the Community Improvement sector that reported $37.3M in total revenue in fiscal year 2024. Expenses of $33.6M left a modest 10% surplus.

Mission

FURTHER THE INTERESTS OF REITS AND OTHERS THAT OWN, OPERATE, & FINANCE INCOME-PRODUCING R.E.

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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 $0
Program Service Revenue $26,655,091
Investment Income $1,412,447
Other Revenue $9,234,681
TOTAL REVENUE $37,302,219

Expense Breakdown

Grants Paid $130,000
Salaries & Benefits $18,804,190
Fundraising Expenses $0
Other Expenses $14,617,510
TOTAL EXPENSES $33,551,700

Year-over-Year Comparison

2024 2023 Change
Revenue $37,302,219 $35,406,722 +0.1%
Expenses $33,551,700 $33,655,015 0.0%
Net Income $3,750,519 $1,751,707 +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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
48
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
11
$4,290,848
Total Directors
34
$0
Key Employees
4
$2,837,258
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W MATTHEW KELLY CHAIR 1.00
Officer Director
$0 $0 $0
CONOR C FLYNN FIRST VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUMIT ROY SECOND VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK J PARRELL TREASURER 1.00
Officer Director
$0 $0 $0
PETER E BACCILE EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS A BARTLETT EXECUTIVE BOARD MEMBER (THRU 2/1/24) 1.00
Director
$0 $0 $0
H ERIC BOLTON JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT M BRINKER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
TAMARA D FISCHER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE D HALE EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
THEODORE J KLINCK EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
MARGUERITE M NADER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
LISA PALMER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD B PITONIAK EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH D RUSSELL JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN W SCHALL EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES M TAYLOR JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
CONOR C FLYNN CHAIR 1.00
Officer Director
$0 $0 $0
SUMIT ROY FIRST VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK J PARRELL SECOND VICE CHAIR 1.00
Officer Director
$0 $0 $0
LESLIE D HALE TREASURER 1.00
Officer Director
$0 $0 $0
PETER E BACCILE EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
H ERIC BOLTON JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT M BRINKER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
W MATTHEW KELLY EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
THEODORE J KLINCK EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHALL A LOEB EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
LISA PALMER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD B PITONIAK EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW P POWER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH D RUSSELL JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN W SCHALL EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES M TAYLOR JR EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN VONDRAN EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN WECHSLER PRESIDENT & CEO 40.00
Officer
$2,806,329 $68,663 $2,874,992
CATHERINE BARRE EVP, POLICY & PUBLIC AFFAIRS & GC 39.00
Officer
$837,185 $83,466 $920,651
ROBERTO DIAZ EVP, FINANCE & FISCAL MANAGEMENT 39.00
Officer
$429,866 $65,339 $495,205
TONY EDWARDS SENIOR EXECUTIVE VP (THRU 3/31/24) 40.00
Key Emp
$1,037,191 $36,468 $1,073,659
JOHN WORTH EVP, RESEARCH & INVESTOR OUTREACH 40.00
Key Emp
$654,166 $83,669 $737,835
MATTHEW BECHARD EVP, COMMS. & INDUSTRY AFFAIRS 40.00
Key Emp
$464,003 $78,446 $542,449
VICTOR DRISTAS EVP, OPERATIONS 40.00
Key Emp
$406,783 $76,532 $483,315
ROBERT DIBBLEE SVP, GOVERNMENT RELATIONS 36.00
Highest
$583,137 $59,066 $642,203
JOHN JONES SVP, GOVERNMENT RELATIONS 40.00
Highest
$516,037 $47,945 $563,982
VICTORIA ROSTOW SVP, REG. AFFAIRS & DEPUTY GC 40.00
Highest
$509,996 $48,896 $558,892
KURT WALTEN SVP, INVESTMENT AFFAIRS 40.00
Highest
$507,575 $70,614 $578,189
CHRISTOPHER DRULA SVP, FINANCIAL STANDARDS 40.00
Highest
$498,193 $72,984 $571,177
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 $37,302,219 $33,551,700 $47,548,466 $3,750,519
2023 $35,406,722 $33,655,015 $43,051,105 $1,751,707
2022 $33,272,382 $34,223,432 $40,371,097 $-951,050
2021 $29,098,912 $26,922,525 $37,201,891 $2,176,387
2020 $26,615,096 $26,763,272 $30,603,959 $-148,176
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