ASSOCIATION OF FOREIGN INVESTORS I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

GUNNAR BRANSON

Phone

2023121400

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF FOREIGN INVESTORS IN REAL ESTATE, founded in 1988, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 11% surplus.

Mission

TO PROMOTE GOODWILL AND EDUCATE THE U.S. PUBLIC ABOUT THE BENEFITS OF FOREIGN CAPITAL BEING INVESTED IN THE U.S. REAL ESTATE MARKET.

Program Service Accomplishments

Program 1

THE ASSOCIATION CONDUCTS SEVERAL MEMBERSHIP MEETINGS THROUGHOUT THE YEAR THAT ARE HELD IN THE UNITED STATES, EUROPE, AND ASIA. THE MEETINGS FEATURE SPEAKERS AND OTHER CURRENT MATTERS OF INTEREST...

THE ASSOCIATION CONDUCTS SEVERAL MEMBERSHIP MEETINGS THROUGHOUT THE YEAR THAT ARE HELD IN THE UNITED STATES, EUROPE, AND ASIA. THE MEETINGS FEATURE SPEAKERS AND OTHER CURRENT MATTERS OF INTEREST AFFECTING INTERNATIONAL REAL ESTATE INVESTMENTS. AFIRE HELD SIX (6) IN-PERSON EVENTS IN 2023 WITH A TOTAL ATTENDANCE OF 835 PEOPLE.

Program 2

AS THE OFFICIAL VOICE OF THE FOREIGN REAL ESTATE INDUSTRY IN THE UNITED STATES, THE ASSOCIATION REPRESENTS THE INTERESTS OF INBOUND INVESTMENT FROM 24 DIFFERENT COUNTRIES. THE ASSOCIATION PROVIDES AN EXCLUSIVE ENVIRONMENT WHERE PRINCIPALS AND SENIOR EXECUTIVES CAN MEET AND EXCHANGE INFORMATION. WE ALSO PROVIDE EXPOSURE TO INFLUENTIAL US POLICY MAKERS AND OPINION LEADERS, UPDATES ON IMPORTANT LEGISLATION AND TAX REGULATIONS, AND INFORMATIVE PUBLICATIONS DEDICATED TO ENSURING THAT THE NON-US INVESTOR IS AS INFORMED AS THE DOMESTIC INVESTOR. THE ASSOCIATION IS GOVERNED SOLELY BY NON-US INVESTOR INSTITUTIONS THROUGH THEIR DESIGNATED DELEGATES AND MANAGED BY A FULL-TIME STAFF IN WASHINGTON, DC.

Program 3

THE ASSOCIATION PROVIDES ACCESS TO THEIR MEMBERS, VIA THE INTERNET, TO THE QUARTERLY PUBLICATION, SUMMIT JOURNAL, FEATURING ARTICLES ON REAL ESTATE INVESTING, MARKET TRENDS, TAX AND LEGAL ISSUES, AND OTHER GERMANE TOPICS. EACH YEAR THE ASSOCIATION PUBLISHES A DIRECTORY OF ITS MEMBERS, WHICH IS AVAILABLE ONLY TO MEMBERS VIA THE MEMBERS ONLY WEBSITE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,105,950

Investment Income $42,221

Other Revenue $14,048

TOTAL REVENUE $3,162,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,322,593

Fundraising Expenses $0

Other Expenses $1,487,841

TOTAL EXPENSES $2,810,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,162,219	$2,522,387	+0.3%
Expenses	$2,810,434	$2,977,015	-0.1%
Net Income	$351,785	$-454,628	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$740,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUNNAR BRANSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$450,000	$27,348	$477,348
SYLVIA GROSS	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN MCCARTHY	DEPUTY CHAIR	1.00	Officer Director	$0	$0	$0
AMY PRICE	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE HU	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
PETER GREY-WOLF	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MICHEL SCHRAM	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ALEXIA GOTTSCHALCH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
PAUL MEYER	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
BRYAN SANCHEZ	DIRECTOR OF PROGRAMS	1.00	Director	$0	$0	$0
JANICE STANTON	DIRECTOR OF MEMBERSHIP	1.00	Director	$0	$0	$0
BYRON CARLOCK	DIRECTOR OF LEGAL & TAX	1.00	Director	$0	$0	$0
STEVE COLLINS	DIRECTOR OF MEMBER RETENTI	1.00	Director	$0	$0	$0
KAREN HORSTMANN	PRIOR YEAR CHAIR	1.00	Director	$0	$0	$0
ERIC C WURTZEBACH	DIRECTOR	0.25	Director	$0	$0	$0
NAEL MUSTAFA	DIRECTOR	0.25	Director	$0	$0	$0
AMY ERIXON	DIRECTOR	0.25	Director	$0	$0	$0
MJ TURMEL	DIRECTOR	0.25	Director	$0	$0	$0
AMER HAMMOUR	DIRECTOR	0.25	Director	$0	$0	$0
BARDO MAGEL	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS O'SHEA	DIRECTOR	0.25	Director	$0	$0	$0
BYRON LAMOTTE	DIRECTOR	0.25	Director	$0	$0	$0
KAI-YAN LEE	DIRECTOR	0.25	Director	$0	$0	$0
ALEXANDER HEJINK	DIRECTOR	0.25	Director	$0	$0	$0
CATHERINE PFEIFFENBERGER	DIRECTOR	0.25	Director	$0	$0	$0
IGNACIO DIEGO	DIRECTOR	0.25	Director	$0	$0	$0
WILL GIBBY	DIRECTOR	0.25	Director	$0	$0	$0
RANDY GIRALDO	DIRECTOR	0.25	Director	$0	$0	$0
IAN BROWNLOW	DIRECTOR	0.25	Director	$0	$0	$0
BARRY GREEN	DIRECTOR	0.25	Director	$0	$0	$0
EL ROSENHEIM	DIRECTOR	0.25	Director	$0	$0	$0
TADATSUGU MATSUTANI	DIRECTOR	0.25	Director	$0	$0	$0
PETER VIEHE-NAESS	DIRECTOR	0.25	Director	$0	$0	$0
ALI O ALGHANNAM	DIRECTOR	0.25	Director	$0	$0	$0
ABDULAZIZ AL-MARZOOQ	DIRECTOR	0.25	Director	$0	$0	$0
MARWAN ISBAIH	DIRECTOR	0.25	Director	$0	$0	$0
STEVE HASON	DIRECTOR	0.25	Director	$0	$0	$0
LARA OSTERHAUS	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MCCARTHY	DIRECTOR	0.25	Director	$0	$0	$0
JOAO MADEIRA DE ANDRADE	DIRECTOR	0.25	Director	$0	$0	$0
GENGHIS HADI	DIRECTOR	0.25	Director	$0	$0	$0
KRISTIN LEUNG	DIRECTOR	0.25	Director	$0	$0	$0
RALF WESSEL	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL CAMPBELL	DIRECTOR	0.25	Director	$0	$0	$0
JOHN GELLATY	DIRECTOR	0.25	Director	$0	$0	$0
RUSSEL APPEL	DIRECTOR	0.25	Director	$0	$0	$0
MAGGIE COLEMAN	DIRECTOR	0.25	Director	$0	$0	$0
LILI DUNN	DIRECTOR	0.25	Director	$0	$0	$0
STANLEY IEZMAN	DIRECTOR	0.25	Director	$0	$0	$0
RALPH ROSENBERG	DIRECTOR	0.25	Director	$0	$0	$0
ALEXANDRA MILLER	CHIEF OPERATING OFFICER	40.00	Officer	$236,400	$27,229	$263,629
BENJAMIN VAN LOON	COMMUNICATIONS DIRECTOR	40.00	Highest	$132,120	$12,826	$144,946
ASMAIT TEWELDE	MEETING DIRECTOR	40.00	Highest	$129,800	$12,654	$142,454

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	$3,162,219	$2,810,434	$3,813,054	$351,785
2022	$2,522,387	$2,977,015	$2,138,726	$-454,628
2021	$2,052,109	$2,086,361	$2,165,663	$-34,252
2020	$2,239,715	$2,110,249	$2,375,285	$129,466
2019	$2,687,080	$2,847,036	$2,078,938	$-159,956
2018	$2,633,018	$3,241,497	$2,579,646	$-608,479

ASSOCIATION OF FOREIGN INVESTORS IN REAL ESTATE