FOUNDATION FOR INNOVATION IN REAL ESTATE (EIN 861654217) - Form 990 Financial Analysis & Trantor Score

🔒

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

2020

Legal Domicile

Principal Officer

MATT KNIGHT

Phone

2159814385

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR INNOVATION IN REAL ESTATE, founded in 2020, is a small nonprofit in the Education sector that reported $211K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $333K exceeded revenue, resulting in a 58% operating deficit.

Mission

FOUNDATION FOR INNOVATION IN REAL ESTATE (THE FOUNDATION) IS (CONTINUED ON SCHEDULE O) A CHARITABLE AND ADVANCE UNDERREPRESENTED CANDIDATES IN THE REAL ESTATE TECHNOLOGY INDUSTRY ("PROPTECH") THROUGH ITS SUPPORT AND CONTRIBUTION TO EDUCATIONAL AND CAREER-BASED OPPORTUNITIES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $17,439

Program Service Revenue $0

Investment Income $193,212

Other Revenue $0

TOTAL REVENUE $210,651

Expense Breakdown

Grants Paid $16,900

Salaries & Benefits $97,500

Fundraising Expenses $45,000

Program Expenses $191,039

Other Expenses $218,455

TOTAL EXPENSES $332,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,651	$192,142	+0.1%
Expenses	$332,855	$197,005	+0.7%
Net Income	$-122,204	$-4,863	+24.1%

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

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

$97,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE GARLAND	DIRECTOR	1.00	Director	$0	$0	$0
TYLER THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY STINTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOHAN HOLMBERG	SECRETARY AND TREASURER	1.00	Officer	$0	$0	$0
MATT KNIGHT	PRESIDENT	40.00	Officer	$97,500	$0	$97,500

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	$210,651	$332,855	$5,534,084	$-122,204
2023	$192,142	$197,005	$5,677,645	$-4,863
2023	$192,142	$197,005	$5,677,645	$-4,863
2022	$22,644	$322,683	$5,815,745	$-300,039
2022	$22,644	$322,683	$5,815,745	$-300,039
2021	$6,000,000	$44,693	$6,000,000	$5,955,307

FOUNDATION FOR INNOVATION IN REAL ESTATE