Nonprofit · EIN 48-1150519
COMMERCIAL REAL ESTATE FINANCE COUNCIL INC
Also known as C M S A
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,711,098 | $16,825,270 | $885,828 | $30,309,490 | $17,610,393 | $12,699,097 |
| December 31, 2023 | 990 | $17,561,967 | $15,780,343 | $1,781,624 | $29,295,036 | $17,481,767 | $11,813,269 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $16,896,544
- Investment income
- $814,327
- Other revenue
- $227
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,895,851
- Other salaries and wages
- $4,169,624
- Salaries, compensation and benefits (total)
- $7,306,228
- Professional fundraising fees
- $0
- Legal fees
- $459,358
- Accounting fees
- $46,068
- Occupancy
- $1,494,306
- Travel
- $125,918
- Depreciation
- $154,655
Balance sheet and other
- Total assets, start of year
- $29,295,036
- Total assets, end of year
- $30,309,490
- Total liabilities, end of year
- $17,610,393
- Net assets, end of year
- $12,699,097
- Land, buildings and equipment
- $692,793
- Publicly traded securities
- $9,971,587
- Net assets without donor restrictions
- $12,699,097
- Gross receipts
- $17,711,098
- Employees
- 22
- Volunteers
- 54
- Year formed
- 1994
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| LISA PENDEGAST | EXECUTIVE DIRECTOR Officer | 40 | $1,228,972 | $29,503 |
| EDWARD W DEANGELO | SENIOR MANAGING DIRECTOR, Officer | 40 | $586,299 | $51,077 |
| SAIRAH BRUKI | MANAGING DIRECTOR, REGULAT Highest-paid employee | 40 | $477,460 | $54,128 |
| DAVID MCCARTHY | MANAGING DIRECTOR, HEAD OF Highest-paid employee | 40 | $478,412 | $31,192 |
| RAJESH AIDASANI | MANAGING DIRECTOR, RESEARC Highest-paid employee | 40 | $394,940 | $54,128 |
| CATLIN ADAMS | DIRECTOR, MEETINGS & MEMBE Highest-paid employee | 40 | $265,300 | $56,773 |
| LUIGI PULICE | SENIOR DIRECTOR OF MARKETING Highest-paid employee | 40 | $268,611 | $22,419 |
| ABIGAIL FRANCHOT BOROK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ADAM A BEHLMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALAN L TODD CFA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ANNEMARIE G DICOLA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| BRENDAN D MCCORMICK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CRAIG WELIN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DANIEL J VINSON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DANIEL OLSEN | LONG RANGE PLANNING & INV. COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
46 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL ROOD | GOVERNOR Trustee or director | 1 | $0 |
| DARREN GLUCK | GOVERNOR Trustee or director | 1 | $0 |
| DEBORAH J GINSBERG | GOVERNOR Trustee or director | 1 | $0 |
| ELAINE MCKAY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| FRANCISCO PAEZ | GOVERNOR Trustee or director | 1 | $0 |
| GERARD T SANSOSTI | GOVERNOR Trustee or director | 1 | $0 |
| GREGORY A CROSS | POLICY COMMITTEE CHAIR Trustee or director | 1 | $0 |
| HARRIS TRIFON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| JAN STERNIN | PAC CO-CHAIR Trustee or director | 1 | $0 |
| JANE LAM | GOVERNOR Trustee or director | 1 | $0 |
| JASON ABEL | COUNSEL Trustee or director | 1 | $0 |
| JEEHAE LEE | GOVERNOR Trustee or director | 1 | $0 |
| KATHLEEN CORTON | GOVERNOR Trustee or director | 1 | $0 |
| KELLY M WRENN | GOVERNOR Trustee or director | 1 | $0 |
| KIM S DIAMOND | GOVERNOR Trustee or director | 1 | $0 |
| LELAND BUNCH | CHAIR-ELECT Trustee or director, Officer | 1 | $0 |
| LESLIE HAYTON | GOVERNOR Trustee or director | 1 | $0 |
| LIBBY KISLAK | GOVERNOR Trustee or director | 1 | $0 |
| LISA PAUQUETTE | GOVERNOR Trustee or director | 1 | $0 |
| LISSETTE RIVERAPAULEY | SECRETARY / PROGRAM COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 |
| MARTIN SCHREIBER | GOVERNOR Trustee or director | 1 | $0 |
| MARY JANE POTTHOFF | GOVERNOR Trustee or director | 1 | $0 |
| MATTHEW COHEN | GOVERNOR Trustee or director | 1 | $0 |
| MATTHEW SALEM | GOVERNOR Trustee or director | 1 | $0 |
| MICHAEL BARBIERE | GOVERNOR Trustee or director | 1 | $0 |
| MICHAEL MESARD | GOVERNOR Trustee or director | 1 | $0 |
| MYNDSAY STEPHENSON | GOVERNOR Trustee or director | 1 | $0 |
| NILESH PATEL | GOVERNOR Trustee or director | 1 | $0 |
| PAUL HUGHSON | GOVERNOR Trustee or director | 1 | $0 |
| PAUL T VANDERSLICE | GOVERNOR Trustee or director | 1 | $0 |
| PETER P COSMETATOS | GOVERNOR Trustee or director | 1 | $0 |
| RAUL OROZCO | GOVERNOR Trustee or director | 1 | $0 |
| RICHARD HIGHFIELD | GOVERNOR Trustee or director | 1 | $0 |
| RICHARD JONES | POLICY COMMITTEE CHAIR Trustee or director | 1 | $0 |
| ROBERT J KOONTZ | GOVERNOR Trustee or director | 1 | $0 |
| ROBERT R FOLEY | CHAIR Trustee or director, Officer | 1 | $0 |
| SCOTT EPPERSON | GOVERNOR Trustee or director | 1 | $0 |
| SCOTT SINDER | COUNSEL Trustee or director | 1 | $0 |
| SHANNON ERDMANN | GOVERNOR Trustee or director | 1 | $0 |
| STEFANOS ARETHAS | GOVERNOR Trustee or director | 1 | $0 |
| STEVE SCHWARTZ | GOVERNOR Trustee or director | 1 | $0 |
| TERESA ZIEN | GOVERNOR Trustee or director | 1 | $0 |
| TOBIN COBB | GOVERNOR Trustee or director | 1 | $0 |
| WENDY PEI | GOVERNOR Trustee or director | 1 | $0 |
| ZACH FREEDMAN | GOVERNOR Trustee or director | 1 | $0 |
| ZANDA LYNN | MEMBERSHIP COMMITTE CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 63 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA PENDEGAST | EXECUTIVE DIRECTOR Officer | 40 | $1,066,941 | $28,558 |
| EDWARD W DEANGELO | SENIOR MANAGING DIRECTOR, COO Officer | 40 | $530,633 | $47,472 |
| SAIRAH BRUKI | MANAGING DIRECTOR, REGULATORY POLICY Highest-paid employee | 40 | $426,898 | $51,443 |
| DAVID MCCARTHY | MANAGING DIRECTOR, HEAD OF POLICY Highest-paid employee | 40 | $390,396 | $39,438 |
| KATHLEEN OLIN | MANAGING DIR. INDUSTRY INITIATIVES Highest-paid employee | 40 | $367,695 | $43,250 |
| RAJESH AIDASANI | MANAGING DIRECTOR, RESEARCH Highest-paid employee | 40 | $345,567 | $51,528 |
| CATLIN ADAMS | DIRECTOR, MEETINGS & MEMBERSHIP Highest-paid employee | 40 | $241,783 | $51,242 |
| ABIGAIL FRANCHOT BOROK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ADAM A BEHLMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AJ SFARRA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ALAN L TODD CFA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ANNEMARIE G DICOLA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| BRENDAN D MCCORMICK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CHUCK LEE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CRAIG A WELIN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DANIEL J VINSON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DANIEL OLSEN | LONG RANGE PLANNING & INV. COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| DANIEL ROOD | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DAVID A HARRISON | PROGRAM COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| DEBORAH J GINSBERG | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS J TIESI | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ELAINE MCKAY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ERIC B THOMPSON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GERARD T SANSOSTI | GOVERNOR Trustee or director | 1 | $0 | $0 |
| GREGORY A CROSS | POLICY COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| HARRIS TRIFON | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| J CHRISTOPHER HOEFFEL | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JACK GAY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JAN STERNIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANE LAM | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JASON ABEL | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JEEHAE LEE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOSHUA CROMER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN CORTON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KEITH A GOLLENBERG | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KELLY M WRENN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KIM S DIAMOND | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LAINIE KAYE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LAURA SWIHART | EXECUTIVE COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
| LEAH NIVISON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LIBBY KISLAK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LISSETTE RIVERAPAULEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MARK RITCHIE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MATTHEW COHEN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MATTHEW SALEM | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MELISSA DOLSKI | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MITCHELL RESNICK | GOVERNOR Trustee or director | 1 | $0 | $0 |
| PAUL HUGHSON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| PAUL T VANDERSLICE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| PETER P COSMETATOS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD HIGHFIELD | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD JONES | PAC CO-CHAIR Trustee or director | 1 | $0 | $0 |
| RICHARD SLATON SR | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ROBERT J KOONTZ | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ROBERT R FOLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT SINDER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| SHANNON ERDMANN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| STEFANOS ARETHAS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| STEVE SCHWARTZ | GOVERNOR Trustee or director | 1 | $0 | $0 |
| TERESA ZIEN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| TOBIN COBB | MEMBERSHIP COMMITTE CHAIR Trustee or director | 1 | $0 | $0 |
| ZACH FREEDMAN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ZANDA LYNN | GOVERNOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 E 53RD ST FL 37, NEW YORK, NY 10022-5056
- Principal officer (990 for 2024)
- ED DEANGELO, 10 EAST 53 ST 37 FL, NEW YORK, NY 10022
- Signed the 990
- ED DEANGELO, CFO
- Phone
- (202) 448-0850
- Website
- WWW.CREFC.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROVIDE A PLATFORM FOR MEMBERS OF THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY TO DEVELOP BEST PRACTICES AND POLICIES.
Program accomplishments
- CONFERENCES - TO PROVIDE MULTIPLE FORUMS FOR ADDRESSING ISSUES THAT IMPACT THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY.
- WASHINGTON - EFFORTS TO FURTHER GENERAL ISSUES REGARDING COMMERCIAL REAL ESTATE FINANCE ACTIVITY AND GOVERNMENT RELATIONS.
- REGIONAL MEETINGS & EDUCATION - TO PROVIDE A CONTINUOUS FLOW OF INFORMATION TO LOCAL CITIES ACROSS THE COUNTRY.
- MEMBER SERVICES - PROVIDE INFORMATION AND A FORUM FOR MEMBERS TO EXCHANGE INFORMATION ABOUT THE INDUSTRY.
- CRE FINANCE WORLD - PROVIDE MEMBERS WITH PRINTED INFORMATION ABOUT THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY.
- INTERMEDIATE & OTHER PROGRAMS - OTHER ACTIVITIES AS DECIDED BY BOARD COMMITTEES. PHILANTHROPIC PARTNERING WITH CHARITABLE COLLEGES OR UNIVERSITIES FOR THE PURPOSE OF COMMERCIAL REAL ESTATE/MULTIFAMILY RELATED RESEARCH AND STUDIES.
- INTERMEDIATE & OTHER PROGRAMS - OTHER ACTIVITIES AS DECIDED BY BOARD COMMITTEES. PHILANTHROPIC PARTNERING WITH CHARITABLE COLLEGES OR UNIVERSITIES FOR THE PURPOSE OF COMMERCIAL REAL ESTATE/MULTIFAMILY RELATED RESEARCH AND STUDIES.
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
- 48-1150519
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,309,490
- Income (IRS master file)
- $17,711,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,711,098 | $16,825,270 | $30,309,490 | IRS |
| 990 | December 2023 | $17,561,967 | $15,780,343 | $29,295,036 | XML |
| 990 | December 2022 | $15,246,700 | $13,574,780 | $27,756,273 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 48-1150519).
Questions about COMMERCIAL REAL ESTATE FINANCE COUNCIL INC
- What is the EIN of COMMERCIAL REAL ESTATE FINANCE COUNCIL INC?
- The employer identification number (EIN) of COMMERCIAL REAL ESTATE FINANCE COUNCIL INC is 48-1150519.
- Is COMMERCIAL REAL ESTATE FINANCE COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to COMMERCIAL REAL ESTATE FINANCE COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMERCIAL REAL ESTATE FINANCE COUNCIL INC 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 FINANCE COUNCIL INC 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 COMMERCIAL REAL ESTATE FINANCE COUNCIL INC 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 COMMERCIAL REAL ESTATE FINANCE COUNCIL INC?
- The 990 for the year ended December 31, 2024 names ED DEANGELO.
- Who are the officers and directors of COMMERCIAL REAL ESTATE FINANCE COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 61 people; 7 received compensation from the organization, the highest $1,228,972 (LISA PENDEGAST, EXECUTIVE DIRECTOR).
- How much revenue does COMMERCIAL REAL ESTATE FINANCE COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,711,098, expenses of $16,825,270 and total assets of $30,309,490 at year end.
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