RICS AMERICAS INC

EIN: 452383686 Community Improvement

NEW YORK, NY

Total Revenue
$1,417,631
Total Expenses
$1,465,980
Total Assets
$229,372
Net Assets
$-5,955,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DE
Principal Officer
LORELLA PATERSON
Phone
2128477400
Tax Period
2023-01-01 to 2023-12-31

RICS AMERICAS INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

TO BE RECOGNIZED IN KEY INTERNATIONAL MARKETS AS THE BODY THAT PROMOTES AND ENFORCES PROFESSIONAL STANDARDS & OFFERS ACCESS TO THE MOST SOUGHT AFTER PROFESSIONAL STATUS. SEE SCHEDULE O FOR MORE INFORMATION.

Program Service Accomplishments

Program 1

SERVICE FEE INCOME - REIMBURSEMENT OF COSTS, PLUS A 5% MARKUP OF THE INTERNAL COSTS, INCURRED IN THE FURTHERANCE OF RICS UK'S ACTIVITIES, SPECIFICALLY IN PROMOTING MEMBERSHIP TO AND PROCESSING...

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SERVICE FEE INCOME - REIMBURSEMENT OF COSTS, PLUS A 5% MARKUP OF THE INTERNAL COSTS, INCURRED IN THE FURTHERANCE OF RICS UK'S ACTIVITIES, SPECIFICALLY IN PROMOTING MEMBERSHIP TO AND PROCESSING APPLICATIONS FOR PROFESSIONALS IN THE REGION.

Program 2

RICS AMERICAS, INC. HOSTED 10 SMALL NETWORKING EVENTS AND 1 CONFERENCE (WORLD BUILT ENVIRONMENT FORUM CONFERENCE) DURING THE PERIOD FROM JANUARY 2023 TO DECEMBER 2023, TO BRING TOGETHER MEMBERS AND...

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RICS AMERICAS, INC. HOSTED 10 SMALL NETWORKING EVENTS AND 1 CONFERENCE (WORLD BUILT ENVIRONMENT FORUM CONFERENCE) DURING THE PERIOD FROM JANUARY 2023 TO DECEMBER 2023, TO BRING TOGETHER MEMBERS AND INDUSTRY EXPERTS TO DISCUSS AND LEARN THE BIG ISSUES FACING THE BUILT ENVIRONMENT ACROSS THE REGION, AND TO PROMOTE THE RICS AND ITS STANDARDS. THESE EVENTS ALSO OFFERED OPPORTUNITIES FOR RICS MEMBERS TO FULFIL ANY CPD RELATED REQUIREMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,417,631
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,417,631

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,173,914
Fundraising Expenses $0
Other Expenses $292,066
TOTAL EXPENSES $1,465,980

Year-over-Year Comparison

2023 2022 Change
Revenue $1,417,631 $930,508 +0.5%
Expenses $1,465,980 $851,261 +0.7%
Net Income $-48,349 $79,247 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
8
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
3
$657,650
Total Directors
3
$657,650
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL SHAH UNTIL 732023 DIRECTOR OF STRATEGIC PART 40.00
Officer Director
$138,468 $26,386 $164,854
ALISON CURRIE DIRECTOR (AS OF 7/3/2023) 1.00
Officer Director
$0 $21,257 $246,752
LORELLA PATERSON DIRECTOR (AS OF 9/30/2023) 10.00
Officer Director
$0 $13,188 $246,044
STEVE CHOI PROGRAM LEAD - VALUATION 40.00
Highest
$129,795 $46,088 $175,883
MICHAEL ZURIFF SEN. PUBLIC AFFAIRS OFFICE 40.00
Highest
$114,832 $41,137 $155,969
ANIL SAWHNEY PROGRAM LEAD - CONSTRUCTIO 40.00
Highest
$146,549 $48,388 $194,937
ALLEN WILLIAMS PARTNER DEVELOPMENT MANAGE 40.00
Highest
$101,608 $22,857 $124,465
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 No data No data No data No data
2023 $1,417,631 $1,465,980 $229,372 $-48,349
2022 $1,397,718 $2,100,639 $290,505 $-702,921
2022 $930,508 $851,261 $284,354 $79,247
2021 $565,579 $2,401,429 $326,192 $-1,835,850
2020 $1,651,471 $2,995,437 $296,819 $-1,343,966
2019 $2,844,623 $4,297,083 $578,492 $-1,452,460
2018 $3,555,695 $3,984,649 $310,862 $-428,954
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