Milwaukee Chapter No 13 of the Institute of Real Estate Management Inc

EIN: 473829134 Community Improvement

Milwaukee, WI

Total Revenue
$205,432
Total Expenses
$187,752
Total Assets
$462,141
Net Assets
$440,776
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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
2015
Legal Domicile
WI
Principal Officer
Laura Kleczkowski
Phone
4144764736
Tax Period
2025-01-01 to 2025-12-31

Milwaukee Chapter No 13 of the Institute of Real Estate Management Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $205K in total revenue in fiscal year 2025. Expenses of $188K left a modest 9% surplus.

Mission

The mission of IREM Milwaukee is to serve the needs of all Real Estate Management Professionals: Managers of Apartment and Office Buildings, Asset Managers, Property Supervisors, and Management Company Owners by offering educational opportunities, networking, & certification classes.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $184,605
Investment Income $20,827
Other Revenue $0
TOTAL REVENUE $205,432

Expense Breakdown

Grants Paid $11,325
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $176,427
TOTAL EXPENSES $187,752

Year-over-Year Comparison

2025 2024 Change
Revenue $205,432 $205,908 0.0%
Expenses $187,752 $180,776 +0.0%
Net Income $17,680 $25,132 -0.3%
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
11
Independent Members
11
Employees
N/A
Volunteers
30

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven J Heder President 2.50
Officer Director
$0 $0 $0
Steve L Ciesielski President-Elect 2.50
Officer Director
$0 $0 $0
Laura Kleczkowski Secretary/Treasurer 2.50
Officer Director
$0 $0 $0
Shelly Lynn Alvarado Past President 2.50
Officer Director
$0 $0 $0
Joshua Boeckman Director 1.50
Director
$0 $0 $0
Aaron Brooks Director 1.50
Director
$0 $0 $0
Jason Christiansen Director 1.50
Director
$0 $0 $0
Tamer Eid Director 1.50
Director
$0 $0 $0
Meg Elizabeth Kavas Director 1.50
Director
$0 $0 $0
Karen Massey Director 1.50
Director
$0 $0 $0
Ryan McIlwee Director 1.50
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 $205,432 $187,752 $462,141 $17,680
2024 No data No data No data No data
2019 $219,665 $185,968 $344,666 $33,697
2018 $236,737 $183,771 $309,174 $52,966
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