Nonprofit · EIN 20-0503852
ASIAN REAL ESTATE ASSOCIATION OF AMERICA
Tax-exempt · SAN DIEGO, CA 92108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,474,151 | $2,464,854 | $9,297 | $2,374,223 | $459,297 | $1,914,926 |
| December 31, 2023 | 990 | $2,332,151 | $2,396,498 | -$64,347 | $2,343,449 | $437,820 | $1,905,629 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $501,042
- Membership dues
- $493,542
- Program service revenue
- $1,973,088
- Investment income
- $21
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,000
- Benefits paid to members
- $374,321
- Compensation of officers, directors and key employees
- $188,740
- Other salaries and wages
- $250,818
- Salaries, compensation and benefits (total)
- $675,404
- Professional fundraising fees
- $0
- Legal fees
- $27,564
- Accounting fees
- $39,803
- Occupancy
- $38,879
- Travel
- $179,410
- Depreciation
- $11,692
- Program services (functional)
- $2,077,004
- Management and general (functional)
- $387,850
Balance sheet and other
- Total assets, start of year
- $2,343,449
- Total assets, end of year
- $2,374,223
- Total liabilities, end of year
- $459,297
- Net assets, end of year
- $1,914,926
- Land, buildings and equipment
- $697,612
- Net assets without donor restrictions
- $1,914,926
- Gross unrelated business income
- $21
- Gross receipts
- $2,474,151
- Employees
- 10
- Year formed
- 2003
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Hur | President Officer | 5 | $0 |
| Helen Nguyen | Treasurer Officer | 3 | $0 |
| Hope Atuel | Executive Director Officer, Highest-paid employee | 45 | $0 |
| Hanah Hua | Secretary Officer | 3 | $0 |
| Allen Okamoto | AREAA National Founding Chairman Officer | 0 | $0 |
| Jim Park | AREAA National Chairman Emeritus Officer | 0 | $0 |
| Allen Chiang | AREAA Global Chairman Officer | 0 | $0 |
| John Yen WOng | AREAA National Founding Chairman Officer | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Park | AREAA National Chairman Emeri Officer | 0 | $0 |
| Allen Okamoto | AREAA National Founding Chair Officer | 0 | $0 |
| John Yen WOng | AREAA National Founding Chair Officer | 0 | $0 |
| Allen Chiang | AREAA Global Chairman Officer | 0 | $0 |
| Helen Nguyen | Treasurer Officer | 3 | $0 |
| Tim Hur | President Officer | 5 | $0 |
| Hanah Hua | Secretary Officer | 3 | $0 |
| Hope Atuel | Executive Director Officer, Highest-paid employee | 45 | $0 |
Address and contacts
- Address (IRS master file)
- 2333 CAMINO DEL RIO S, SAN DIEGO, CA 92108-3607
- In care of
- % HOPE ATUEL
- Principal officer (990 for 2024)
- Hope Atuel, 2333 Camino del Rio South STE 210, San Diego, CA 92108
- Signed the 990
- HOPE ATUEL, President
- Phone
- (619) 795-7873
- Website
- www.areaa.org
- Return prepared by
- Van Ness CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 20-0503852 or by the name ASIAN REAL ESTATE ASSOCIATION OF AMERICA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The organizations purpose is to educate and help the growth of home ownership for minorities in the United States of America.
Program accomplishments
- The organization purpose is to educate and create sustainable home ownership for minorities in the United States of America.Expenses $2,077,004
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 | Not 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
- 20-0503852
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $2,374,223
- Income (IRS master file)
- $2,474,151
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,474,151 | $2,464,854 | $2,374,223 | XML |
| 990 | December 2023 | $2,332,151 | $2,396,498 | $2,343,449 | XML |
| 990 | December 2022 | $2,297,757 | $2,313,479 | $2,546,935 | 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 20-0503852).
Questions about ASIAN REAL ESTATE ASSOCIATION OF AMERICA
- What is the EIN of ASIAN REAL ESTATE ASSOCIATION OF AMERICA?
- The employer identification number (EIN) of ASIAN REAL ESTATE ASSOCIATION OF AMERICA is 20-0503852.
- Is ASIAN REAL ESTATE ASSOCIATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to ASIAN REAL ESTATE ASSOCIATION OF AMERICA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASIAN REAL ESTATE ASSOCIATION OF AMERICA 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 ASIAN REAL ESTATE ASSOCIATION OF AMERICA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN REAL ESTATE ASSOCIATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASIAN REAL ESTATE ASSOCIATION OF AMERICA?
- The 990 for the year ended December 31, 2024 names Hope Atuel.
- Who are the officers and directors of ASIAN REAL ESTATE ASSOCIATION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does ASIAN REAL ESTATE ASSOCIATION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,474,151, expenses of $2,464,854 and total assets of $2,374,223 at year end.
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