Nonprofit · EIN 06-1583521
COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION
Tax-exempt · HERNDON, VA 20171
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $487,828 | $339,125 | $148,703 | $5,495,942 | $785,250 | $4,710,692 |
| December 31, 2024 | 990 | $740,289 | $406,564 | $333,725 | $4,724,701 | $448,519 | $4,276,182 |
| December 31, 2023 | 990 | $499,953 | $369,763 | $130,190 | $3,999,968 | $145,639 | $3,854,329 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $342,952
- Program service revenue
- $0
- Investment income
- $144,876
- Net gain from sales of assets
- $20,557
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $112,291
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $18,210
- Salaries, compensation and benefits (total)
- $18,210
- Professional fundraising fees
- $0
- Program services (functional)
- $309,618
- Management and general (functional)
- $28,188
- Fundraising (functional)
- $1,319
Balance sheet and other
- Total assets, start of year
- $4,724,701
- Total assets, end of year
- $5,495,942
- Total liabilities, end of year
- $785,250
- Net assets, end of year
- $4,710,692
- Publicly traded securities
- $3,816,035
- Net assets without donor restrictions
- $1,254,093
- Net assets with donor restrictions
- $3,456,599
- Gross receipts
- $910,455
- Employees
- 0
- Volunteers
- 11
- Year formed
- 2000
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC SELVITELLI | EX-OFFICIO MEMBER Officer | 1 | $0 | $731,032 | $42,700 |
| Jennifer Lefurgy | EXECUTVE DIRECTOR(Thru 5/2/25) Officer | 1 | $0 | $76,804 | $29,684 |
| JEAN KANE | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRANK P BAIRD | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALEXANDER RICKENBAKER | SECRETARY-TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEWIS AGNEW | BOARD MEMBER (Thru 5/16/2025) Trustee or director | 1 | $0 | $0 | $0 |
| TRACY ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN E BARR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MOLLY R CARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID GRISSOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL LEVISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATE NOLAN BRYDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK G LEVY | Board Member (Eff. 5/19/2025) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC SELVITELLI | EX-OFFICIO MEMBER Officer | 1 | $0 | $712,443 | $40,161 |
| JENNIFER LEFURGY | EXECUTVE DIRECTOR Officer | 1 | $0 | $175,193 | $31,270 |
| JEAN KANE | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Frank Baird | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Alexander Rickenbaker | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEWIS AGNEW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TRACY ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN BARR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MOLLY CARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID GRISSOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL LEVISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATE NOLAN BRYDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC SELVITELLI | EXEC DIRECTOR (THRU 7/2022) Former | 1 | $0 | $622,743 | $35,916 |
| THOMAS BISACQUINO | EX-OFFICIO (THRU 6/2022) Former | 1 | $0 | $191,575 | $178,389 |
| JENNIFER LEFURGY | EXECUTVE DIRECTOR (EFF 7/2022) Officer | 1 | $0 | $168,560 | $13,493 |
| FE KALB JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEAN KANE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALEXANDER RICKENBACKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRACY ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANK BAIRD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| COLLIN BARR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILIJACK BELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LEWIS AGNEW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EVA STEVENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MOLLY CARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID GRISSOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2355 DULLES CORNER BLVD STE 750, HERNDON, VA 20171-6270
- In care of
- % HEDIYEH SADEGHEIN
- Principal officer (990 for 2025)
- MARC SELVITELLI, 2355 DULLES CORNER BLVD 750, HERNDON, VA 20171
- Signed the 990
- MARC SELVITELLI, EX-OFFICIO MEMBER
- Phone
- (703) 904-7100
- Website
- WWW.NAIOP.ORG/FOUNDATION
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
THE NAIOP RESEARCH FOUNDATION FOSTERS BUILDING BETTER COMMUNITIES THROUGH PRACTICAL RESEARCH AND EDUCATION THAT ADVANCES THE QUALITY AND MAKES EVIDENT THE BENEFITS OF COMMERCIAL REAL ESTATE OWNERSHIP AND DEVELOPMENT.
Program accomplishments
- RESEARCH - RESEARCH IS CENTERED ON HELPING DEVELOPERS, OWNERS AND OTHERS INVOLVED IN COMMERCIAL REAL ESTATE TO MEET AND EXCEED THE NEEDS AND EXPECTATIONS OF OUR COMMUNITIES, NOW AND IN THE FUTURE. IN 2025, THE FOUNDATION RELEASED TEN NEW RESEARCH PROJECTS. RESEARCH IS PROVIDED FOR FREE IN PDF FORM.Expenses $309,618 · grants $112,291
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1583521
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $5,495,942
- Income (IRS master file)
- $910,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $487,828 | $339,125 | $5,495,942 | IRS |
| 990 | December 2024 | $740,289 | $406,564 | $4,724,701 | IRS |
| 990 | December 2023 | $499,953 | $369,763 | $3,999,968 | XML |
| 990 | December 2022 | $635,832 | $294,681 | $3,532,992 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1583521).
Questions about COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION
- What is the EIN of COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION?
- The employer identification number (EIN) of COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION is 06-1583521.
- Is COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 names MARC SELVITELLI.
- Who are the officers and directors of COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does COMMERCIAL REAL ESTATE DEVELOPMENT ASSOCIATION RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $487,828, expenses of $339,125 and total assets of $5,495,942 at year end.
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