Real Estate Investment Association

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

ROY RENDINO

Phone

6307477990

Tax Period

2024-07-01 to 2025-06-30

Real Estate Investment Association, founded in 1984, is a small nonprofit that reported $246K in total revenue in fiscal year 2024.

Mission

REIA IS COMPRISED OF A UNIQUE MIX OF SOME OF THE BRIGHTEST, MOST VISIONARY REAL ESTATE INVESTMENT ENTREPRENEURS AND PROFESSIONALS IN THE CHICAGOLAND REAL ESTATE INDUSTRY. THE FORMATION OF REIA WAS DRIVEN BY OUR DESIRE TO ADDRESS THE INTERESTS AND NEEDS OF ALL REAL ESTATE INVESTORS, REGARDLESS OF THE FORM OF OWNERSHIP. OUR MEMBERSHIP INCLUDES PROFESSIONALS INVOLVED IN ALL ASPECTS OF REAL ESTATE TRANSACTIONS, ALL TYPES OF REAL ESTATE PROPERTIES, AND THE VENDORS THAT SUPPORT THE REAL ESTATE INDUSTRY.REIA'S MISSION IS TO OFFER THE VERY BEST VENUE TO MEET INDUSTRY PEERS, DEVELOP REAL ESTATE OPPORTUNITIES AND MAKE DEALS HAPPEN. REIA TRULY IS "WHERE DEALS AND CAPITAL MEET."1. TO FACILITATE BUSINESS AND SOCIAL NETWORKING OPPORTUNITIES FOR REAL ESTATE PROFESSIONALS2. TO PROVIDE A FORUM FOR THE EXCHANGE OF THE MOST RELEVANT AND TIMELY INVESTMENT IDEAS, STRUCTURES, AND INNOVATIONS CRITICAL TO SUCCESS OF THE REAL ESTATE PROFESSIONAL3. TO FOSTER THE CREATION OF CAPITAL FORMATION IN ALL AREAS OF REA

Program Service Accomplishments

Program 1

Expenses: $208,123 Revenue: $234,121

MONTHLY EVENTS ADDRESSING THE NEWEST BUSINESS TECHNIQUES, MARKETING IDEAS, AND REGULATORY/LEGISLATIVE ISSUES KEEPING MEMBERS UP TO DATE WITH CURRENT EVENTS AND TRENDS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,610

Program Service Revenue $158,511

Investment Income $11,526

Other Revenue $0

TOTAL REVENUE $245,647

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,123

Other Expenses $213,738

TOTAL EXPENSES $238,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,647	$235,256	+0.0%
Expenses	$238,738	$190,300	+0.3%
Net Income	$6,909	$44,956	-0.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E JAMES KELEDJIAN	Chairman	5.00	Officer Director	$0	$0	$0
BRIAN LIGNELLI	Past President	1.00	Officer Director	$0	$0	$0
ROY RENDINO	President	5.00	Officer Director	$0	$0	$0
JAMES ALLEN	FIRST VP	5.00	Officer Director	$0	$0	$0
MARK SULLIVAN	FIRST VP	5.00	Officer Director	$0	$0	$0
NOEL HASTALIS	Treasurer/Sec	5.00	Officer 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	$245,647	$238,738	$311,502	$6,909
2024	$235,256	$190,300	$304,593	$44,956
2023	$207,762	$203,419	$259,637	$4,343
2022	$150,512	$162,509	$255,294	$-11,997
2021	$120,450	$180,829	$267,291	$-60,379
2020	$166,008	$158,484	$327,670	$7,524
2019	$211,022	$159,655	$320,146	$51,367