Commercial Real Estate Finance Council Inc

C M S A

New York, NY
Tax-exempt since July 1997
EIN: 48-1150519

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$17.6M (2023)

Expenses

$15.8M (2023)

Total Assets

$29.3M (2023)

Total Liabilities

$17.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$17,561,967

Expenses

$15,780,343

Net Income

$1,781,624

Net Assets

$11,813,269

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,855,859	96.0%
Investment Income	$706,108	4.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,673,604	10.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,194,082	20.2%

Assets/Debt
Total Assets	$29,295,036
Total Liabilities	$17,481,767
Net Assets	$11,813,269

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa Pendegast (Executive Director)	$1,066,941	$0	$28,558
Edward W Deangelo (Senior Managing Director, Coo)	$530,633	$0	$47,472
Sairah Bruki (Managing Director, Regulatory Policy)	$426,898	$0	$51,443
David Mccarthy (Managing Director, Head Of Policy)	$390,396	$0	$39,438
Kathleen Olin (Managing Dir. Industry Initiatives)	$367,695	$0	$43,250
Rajesh Aidasani (Managing Director, Research)	$345,567	$0	$51,528
Catlin Adams (Director, Meetings & Membership)	$241,783	$0	$51,242
Abigail Franchot Borok (Governor)	$0	$0	$0
Adam A Behlman (Treasurer)	$0	$0	$0
Aj Sfarra (Governor)	$0	$0	$0
Alan L Todd Cfa (Governor)	$0	$0	$0
Annemarie G Dicola (Governor)	$0	$0	$0
Brendan D Mccormick (Governor)	$0	$0	$0
Chuck Lee (Governor)	$0	$0	$0
Craig A Welin (Governor)	$0	$0	$0
Daniel J Vinson (Governor)	$0	$0	$0
Daniel Olsen (Long Range Planning & Inv. Committee Chair)	$0	$0	$0
Daniel Rood (Governor)	$0	$0	$0
David A Harrison (Program Committee Chair)	$0	$0	$0
Deborah J Ginsberg (Governor)	$0	$0	$0
Douglas J Tiesi (Governor)	$0	$0	$0
Elaine Mckay (Governor)	$0	$0	$0
Eric B Thompson (Immediate Past Chair)	$0	$0	$0
Gerard T Sansosti (Governor)	$0	$0	$0
Gregory A Cross (Policy Committee Chair)	$0	$0	$0
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990

Filed on Nov. 7, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$15,246,700

Expenses

$13,574,780

Net Income

$1,671,920

Net Assets

$10,031,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,114,870	99.1%
Investment Income	$131,830	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,540,435	11.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,686,894	19.8%

Assets/Debt
Total Assets	$27,756,273
Total Liabilities	$17,724,628
Net Assets	$10,031,645

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$948,864	$0	$55,208
Edward W Deangelo (Senior Managing Director)	$480,469	$0	$55,894
Sairah Burki (Managing Director, Regulatory Policy)	$427,479	$0	$55,894
Kathleen Olin (Managing Dir. Industry Initiatives)	$368,077	$0	$55,098
David Mccarthy (Managing Director, Head Of Policy)	$352,830	$0	$33,646
Rajesh Aidasani (Managing Director, Research)	$318,252	$0	$49,814
Kimberly Pang (Director, Programming)	$212,071	$0	$31,912
Caitlin Adams (Director, Meetings & Membership)	$198,699	$0	$52,044
Danielle Nathan (Director, Education)	$197,880	$0	$23,017
Janie Lam (Senior Manager, Member Services)	$105,991	$0	$38,412
Leah Nivison (Chair)	$0	$0	$0
Harris Trifon (Chair Elect)	$0	$0	$0
Eric B Thompson (Immediate Past Chair)	$0	$0	$0
Jan Sternin (Vice Chair)	$0	$0	$0
Robert R Foley (Secretary)	$0	$0	$0
Adam A Behlman (Treasurer)	$0	$0	$0
Tobin Cobb (Membership Committee Chair)	$0	$0	$0
Gregory A Cross (Policy Committee Chair)	$0	$0	$0
David A Harrison (Program Committee Chair)	$0	$0	$0
Daniel Olsen (Long Range Planning & Inv. Committee Chair)	$0	$0	$0
Laura Swihart (Executive Committee Member)	$0	$0	$0
Richard Jones (Pac Co Chair)	$0	$0	$0
Stefanos Arethas (Governor)	$0	$0	$0
Abigail Franchot Borok (Governor)	$0	$0	$0
Matthew Cohen (Governor)	$0	$0	$0
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990

Filed on Nov. 16, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$8,091,268

Expenses

$9,001,746

Net Income

-$910,478

Net Assets

$8,359,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,366,276	> 100%
Investment Income	$1,043	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$276,051
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,229,771	13.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,747,337	30.5%

Assets/Debt
Total Assets	$15,641,619
Total Liabilities	$7,281,894
Net Assets	$8,359,725

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$814,426	$0	$64,897
Edward W Deangelo (Senior Managing Director,)	$415,345	$0	$53,286
Kathleen Olin (Managing Director, Industry Initiatives)	$350,142	$0	$45,998
Sairah Burki (Managing Director,Regulatory Policy)	$328,697	$0	$53,053
Rajesh Aidasani (Senior Director, Research)	$285,737	$0	$39,164
Justin Ailes (Managing Director, Government)	$247,697	$0	$180
David Mccarthy (Managing Director, Head Of Policy)	$229,241	$0	$24,160
Leah Nivison (Chair)	$0	$0	$0
Harris Trifon (Chair Elect)	$0	$0	$0
Eric B Thompson (Immediate Past Chair)	$0	$0	$0
Jan Sternin (Vice Chair)	$0	$0	$0
Robert R Foley (Secretary)	$0	$0	$0
Adam A Behlman (Treasurer)	$0	$0	$0
Tobin Cobb (Membership Committee Chair)	$0	$0	$0
Gregory A Cross (Policy Committee Chair)	$0	$0	$0
David A Harrison (Program Committee Chair)	$0	$0	$0
Daniel Olsen (Long Range Planning & Investment Committee Chair)	$0	$0	$0
Laura Swihart (Executive Committee Member)	$0	$0	$0
Stefanos Arethas (Governor)	$0	$0	$0
Abigail Franchot Borok (Governor)	$0	$0	$0
Matthew Cohen (Governor)	$0	$0	$0
Kathleen Corton (Governor)	$0	$0	$0
Peter P Cosmetatos (Governor)	$0	$0	$0
Joshua Cromer (Governor)	$0	$0	$0
Kim S Diamond (Governor)	$0	$0	$0
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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$10,529,359

Expenses

$11,114,823

Net Income

-$585,464

Net Assets

$9,270,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,103,279	96.0%
Investment Income	$25,014	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,678	0.3%
Net Inventory Sales	$0
Other Revenue	$368,388	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,184,959	28.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$801,288	7.2%

Assets/Debt
Total Assets	$12,476,264
Total Liabilities	$3,206,061
Net Assets	$9,270,203

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$758,187	$0	$41,513
Edward W Deangelo (Senior Managing Director, Chief Operating Officer)	$395,383	$0	$40,630
Kathleen Olin (Managing Director, Industry Initiatives)	$314,916	$0	$19,784
Christina R Zausner (Senior Director, Industry And Policy Analysis)	$296,426	$0	$40,324
Rajesh Aidasani (Senior Director, Research)	$278,307	$0	$19,553
Justin Ailes (Managing Director, Government Relations)	$259,997	$0	$1,431
David Mccarthy (Managing Director, Head Of Policy)	$205,113	$0	$20,407
Sairah Burki (Managing Director, Regulatory Policy)	$172,813	$0	$20,659
Danielle Nathan (Senior Manager, Education)	$154,472	$0	$17,580
Caitlin Adams (Senior Manager, Meetings & Events)	$152,870	$0	$13,080
Michael P Flood (Deputy Executive Director)	$132,038	$0	$5,913
Gary Fox (Manager, Executive Assistant)	$121,670	$0	$12,358
Kimberly Pang (Senior Manager, Programming)	$116,785	$0	$15,981
Meghan Roberts (Senior Manager, Sponsorship And Marketing)	$115,673	$0	$17,905
Adam Behlman (Chair)	$0	$0	$0
Eric Thompson (Chair Elect)	$0	$0	$0
Chuck Lee (Immediate Past Chair)	$0	$0	$0
Cory Olson (Vice Chair)	$0	$0	$0
Leah Nivison (Secretary)	$0	$0	$0
Mike Syers (Treasurer)	$0	$0	$0
Zanda Lynn (Membership Committee Chair)	$0	$0	$0
Robert Brennan (Long Range Planning & Investment Committee Chair)	$0	$0	$0
Patrick Sargent (Policy Committee Chair)	$0	$0	$0
Paul Vanderslice (Program Committee Chair)	$0	$0	$0
Larry Brown (Executive Committee Member)	$0	$0	$0
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990

Filed on Nov. 16, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$11,506,257

Expenses

$11,266,276

Net Income

$239,981

Net Assets

$9,855,667

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,293,804	98.2%
Investment Income	$180,443	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,010	0.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,855,246	25.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$895,356	7.9%

Assets/Debt
Total Assets	$15,092,555
Total Liabilities	$5,236,888
Net Assets	$9,855,667

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$717,766	$0	$37,754
Michael P Flood (Deputy Executive Director)	$426,531	$0	$35,574
Edward W De Angelo (Senior Managing Director, Chief Operating Officer)	$332,245	$0	$37,454
Christina R Zausner (Senior Director, Industry & Policy Analysis)	$296,063	$0	$36,150
Kathleen Olin (Managing Director, Industry Initiatives)	$294,623	$0	$20,408
Rajesh Aidasani (Senior Director, Research)	$267,561	$0	$18,540
Martin G Schuh (Senior Director, Government Relations)	$255,990	$0	$12,848
David Mccarthy (Senior Director, Policy & Government Relations)	$163,248	$0	$17,791
Caitlin Adams (Senior Manager, Meetings & Events)	$117,340	$0	$3,752
Meghan Roberts (Senior Manager, Sponsorship & Marketing)	$112,559	$0	$14,619
Kimberly Pang (Senior Manager, Programming)	$100,016	$0	$14,557
Annemarie Dicola (Immediate Past Chair)	$0	$0	$0
Chuck Lee (Chair)	$0	$0	$0
Adam Behlman (Chair Elect)	$0	$0	$0
Eric Thompson (Vice Chair)	$0	$0	$0
Kim Diamond (Secretary)	$0	$0	$0
Mike Syers (Treasurer)	$0	$0	$0
Craig Welin (Membership Committee Chair)	$0	$0	$0
Robert Brennan (Long Range Planning & Inve)	$0	$0	$0
Patrick Sargent (Policy Committee Chair)	$0	$0	$0
Paul Vanderslice (Program Committee Chair)	$0	$0	$0
Ethan Penner (Executive Committee Member)	$0	$0	$0
Timothy Gallagher (Pac Co Chair)	$0	$0	$0
Richard Jones (Pac Co Chair)	$0	$0	$0
Leland Bunch (Governor)	$0	$0	$0
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990

Filed on Nov. 17, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$10,224,265

Expenses

$10,684,565

Net Income

-$460,300

Net Assets

$9,613,626

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,991,365	97.7%
Investment Income	$135,670	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$97,230	1.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,151,405	20.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,119,314	10.5%

Assets/Debt
Total Assets	$15,416,640
Total Liabilities	$5,803,014
Net Assets	$9,613,626

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$665,126	$0	$36,126
Michael P Flood (Deputy Executive Director)	$412,971	$0	$33,701
Edward W De Angelo (Vp Technology & Operations)	$326,774	$0	$35,459
Christina R Zausner (Vp Industry & Policy Analy)	$265,925	$0	$26,619
Martin G Schuh (Vp Legislative & Regulator)	$253,896	$0	$21,022
Rajesh Aidasani (Senior Director)	$211,914	$0	$21,218
David Mccarthy (Director Of Industry & Pol)	$148,272	$0	$16,247
Sara Elkas (Senior Manager)	$134,832	$0	$5,463
Nina Fazenbanker (Senior Manager)	$123,575	$0	$15,004
Meghan Roberts (Senior Manager)	$109,597	$0	$11,859
Annie Lee (Analyst)	$100,572	$0	$9,482
Mark Zytko (Immediate Past Chairman)	$0	$0	$0
Annemarie Dicola (Chairman)	$0	$0	$0
Chuck Lee (Chair Elect)	$0	$0	$0
Kathleen Olin (Governor)	$0	$0	$0
Larry Brown (Governor)	$0	$0	$0
Daniel Bober (Governor)	$0	$0	$0
Nik Chillar (Membership Committee Chair)	$0	$0	$0
Robert Brennan (Long Range Planning & Inve)	$0	$0	$0
Kim Diamond (Governor)	$0	$0	$0
Brian Olasov (Governor)	$0	$0	$0
Jack Cohen (Governor)	$0	$0	$0
Adam Behlman (Governor)	$0	$0	$0
Christine Patterson (Executive Committee Member)	$0	$0	$0
Richard Jones (Pac Co Chair)	$0	$0	$0
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990

Filed on Nov. 16, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$9,280,199

Expenses

$8,886,363

Net Income

$393,836

Net Assets

$10,072,767

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,171,942	98.8%
Investment Income	$59,138	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$49,119	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,460,425	16.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,429,116	16.1%

Assets/Debt
Total Assets	$16,301,470
Total Liabilities	$6,228,703
Net Assets	$10,072,767

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa A Pendergast (Executive Director)	$640,649	$0	$19,171
Michael P Flood (Deputy Executive Director)	$413,750	$0	$18,995
Edward W De Angelo (Vp Technology & Operations)	$301,151	$0	$17,478
Martin G Schuh (Vp Legislative & Regulator)	$263,839	$0	$5,133
Christina R Zausner (Vp Industry & Policy Analy)	$254,786	$0	$10,453
Nina Fazenbanker (Senior Manager)	$122,719	$0	$3,952
David Mccarthy (Director Of Industry & Policy)	$120,899	$0	$2,896
Sara Elkas (Senior Manager)	$115,025	$0	$1,946
Elizabeth Janicki (Senior Manager)	$105,268	$0	$4,700
Meghan Roberts (Senior Manager)	$101,729	$0	$2,457
Mark Zytko (Chairman)	$0	$0	$0
Annemarie Dicola (Chairman Elect)	$0	$0	$0
Gregory Michaud (Immediate Past Chairman)	$0	$0	$0
Kathleen Olin (Vice Chairman)	$0	$0	$0
Larry Brown (Secretary)	$0	$0	$0
Daniel Bober (Treasurer)	$0	$0	$0
Nik Chillar (Membership Committee Chair)	$0	$0	$0
Robert Brennan (Long Range Planning & Investment Committee Chair)	$0	$0	$0
Kim Diamond (Program Committee Chair)	$0	$0	$0
Brian Olasov (Policy Committee Chair)	$0	$0	$0
Jack Cohen (Executive Committee Member)	$0	$0	$0
Adam Behlman (Governor)	$0	$0	$0
Kent Born (Governor)	$0	$0	$0
Matthew Borstein (Governor)	$0	$0	$0
Leland Bunch (Governor)	$0	$0	$0
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990

Filed on Nov. 16, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$9,932,453

Expenses

$8,503,483

Net Income

$1,428,970

Net Assets

$9,680,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,885,388	99.5%
Investment Income	$47,065	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,031,656	23.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$583,041	6.9%

Assets/Debt
Total Assets	$15,162,756
Total Liabilities	$5,482,365
Net Assets	$9,680,391

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen M Renna (President & Ceo 2015)	$655,865	$0	$13,315
Stacy A Stathopoulos (Vp Strategic Initiatives)	$325,899	$0	$8,723
Michael P Flood (Deputy Executive Director)	$221,394	$0	$1,504
Edward W De Angelo (Vp Technology & Operations)	$218,900	$0	$23,592
Martin G Schuh (Vp Legislative & Regulator)	$200,505	$0	$16,760
Christina R Zausner (Vp Industry & Policy Analy)	$196,027	$0	$22,982
Lisa A Pendergast (Executive Director 2016)	$121,185	$0	$4,729
Timothy Gallagher (Director)	$0	$0	$0
Gregory R Michaud (Immediate Past Chairman)	$0	$0	$0
David M Nass (Vice Chairman)	$0	$0	$0
Matthew Borstein (Director)	$0	$0	$0
Mark Zytko (Chairman)	$0	$0	$0
Daniel E Bober (Treasurer)	$0	$0	$0
Brian Olasov (Director)	$0	$0	$0
Paul T Vanderslice (Director)	$0	$0	$0
Samir Lakhani (Director)	$0	$0	$0
Jack M Cohen (Secretary)	$0	$0	$0
Adam A Behlman (Director)	$0	$0	$0
Leland F Bunch Iii (Director)	$0	$0	$0
Kevin M Collins (Director)	$0	$0	$0
Matthew Salem (Director)	$0	$0	$0
Nik Chillar (Director)	$0	$0	$0
Adam Hayden (Director)	$0	$0	$0
Greta Guggenheim (Director)	$0	$0	$0
Luke Dann (Director)	$0	$0	$0
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990

Filed on Nov. 16, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$9,301,644

Expenses

$6,968,928

Net Income

$2,332,716

Net Assets

$8,246,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,279,087	99.8%
Investment Income	$22,557	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,722,828	24.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$460,499	6.6%

Assets/Debt
Total Assets	$13,628,428
Total Liabilities	$5,381,738
Net Assets	$8,246,690

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen M Renna (President & Ceo 2015)	$704,594	$0	$39,020
Stacy A Stathopoulos (Vp Strategic Initiatives)	$275,641	$0	$20,070
Edward W De Angelo (Vp Technology & Operations)	$243,538	$0	$21,730
Christina R Zausner (Vp Industry & Policy Analy)	$216,753	$0	$23,240
Martin G Schuh (Vp Legislative & Regulator)	$211,423	$0	$16,610
Sara B Thomas (Director Of Education Initiatives)	$100,182	$0	$12,420
Timothy Gallagher (Immediate Past Chairman)	$0	$0	$0
Gregory R Michaud (Chairman)	$0	$0	$0
David M Nass (Vice Chairman)	$0	$0	$0
Matthew Borstein (Chairman Elect)	$0	$0	$0
Mark Zytko (Secretary)	$0	$0	$0
Daniel E Bober (Treasurer)	$0	$0	$0
Brian Olasov (Director)	$0	$0	$0
Paul T Vanderslice (Director)	$0	$0	$0
Samir Lakhani (Director)	$0	$0	$0
Mitchell Resnick (Director)	$0	$0	$0
David Durning (Director)	$0	$0	$0
John E D'amico (Director)	$0	$0	$0
Kevin M Collins (Director)	$0	$0	$0
Matthew Salem (Director)	$0	$0	$0
Nik Chillar (Director)	$0	$0	$0
Jonathan Schultz (Director)	$0	$0	$0
Eric Draeger (Director)	$0	$0	$0
Luke Dann (Director)	$0	$0	$0
Donald D Sheets (Director)	$0	$0	$0
See filing for compensation of 46 other people →

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990

Filed on Nov. 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$7,979,076

Expenses

$6,080,455

Net Income

$1,898,621

Net Assets

$5,915,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,967,317	99.9%
Investment Income	$11,759	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,594,815	26.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$485,687	8.0%

Assets/Debt
Total Assets	$11,635,325
Total Liabilities	$5,720,124
Net Assets	$5,915,201

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen M Renna (President & Ceo)	$652,847	$0	$39,019
Stacy A Stathopoulos (Vp Strategic Initiatives)	$229,573	$0	$20,067
Edward W De Angelo (Vp Technology & Operations)	$222,466	$0	$21,731
Martin G Schuh (Vp Legislative & Regulatory)	$192,073	$0	$16,605
Christina R Zausner (Vp Industry & Policy Analysis)	$187,374	$0	$23,244
Erin Liberatore (Director Of Meetings & Member Services)	$110,482	$0	$12,424
Timothy Gallagher (Chairman)	$0	$0	$0
Gregory R Michaud (Chairman Elect)	$0	$0	$0
Keith A Gollenberg (Immediate Past Chairman)	$0	$0	$0
Mitchell Resnick (Vice Chairman)	$0	$0	$0
John M Mulligan (Secretary)	$0	$0	$0
Daniel E Bober (Treasurer)	$0	$0	$0
Brian Olasov (Director)	$0	$0	$0
Paul T Vanderslice (Director)	$0	$0	$0
Samir Lakhani (Director)	$0	$0	$0
David M Nass (Director)	$0	$0	$0
Nilesh Patel (Director)	$0	$0	$0
John E D'amico (Director)	$0	$0	$0
Mitchell Resnick (Director)	$0	$0	$0
Matthew Salem (Director)	$0	$0	$0
Nik Chillar (Director)	$0	$0	$0
Joshua Mason (Director)	$0	$0	$0
Matthew Borstein (Director)	$0	$0	$0
Chris J Albano (Director)	$0	$0	$0
Michael T Moran (Director)	$0	$0	$0
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990

Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$6,690,029

Expenses

$5,022,292

Net Income

$1,667,737

Net Assets

$4,016,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,678,379	99.8%
Investment Income	$7,840	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,810	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,194,956	23.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$507,944	10.1%

Assets/Debt
Total Assets	$9,080,422
Total Liabilities	$5,063,842
Net Assets	$4,016,580

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen M Renna (President And Ceo)	$590,686	$0	$38,188
Ed De Angelo (Vp Technology & Operatio)	$211,539	$0	$21,473
Stacy Stathopoulos (Vp Strategic Initiatives)	$208,766	$0	$17,964
Martin Schuh (Vp Legislative And Regulat)	$183,965	$0	$16,723
Erin Liberatore (Director Of Meetings & Member Services)	$117,375	$0	$12,562
Anna H Glick (Director)	$0	$0	$0
Brian P Lancaster (Director)	$0	$0	$0
Kathleen C Olin (Director)	$0	$0	$0
Timothy Gallagher (Chairman Elect)	$0	$0	$0
Caroline E Blakely (Director)	$0	$0	$0
Gregory Michaud (Director)	$0	$0	$0
Annemarie G Dicola (Director)	$0	$0	$0
Guy K Johnson (Director)	$0	$0	$0
Matthew Salem (Director)	$0	$0	$0
Daniel E Bober (Treasurer)	$0	$0	$0
Paul T Vanderslice (Immediate Past Chairman)	$0	$0	$0
Margie A Custis (Director)	$0	$0	$0
Darrell Wheeler (Director)	$0	$0	$0
John E D'amico (Director)	$0	$0	$0
John M Mulligan (Director)	$0	$0	$0
Greg Winchester (Director)	$0	$0	$0
Robert R Foley (Director)	$0	$0	$0
Anand N Gajjar (Director)	$0	$0	$0
Rene J Theriault (Director)	$0	$0	$0
Keith A Gollenberg (Chairman)	$0	$0	$0
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990

Filed on Nov. 17, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$5,555,469

Expenses

$4,873,199

Net Income

$682,270

Net Assets

$2,348,843

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,607,900	> 100%
Investment Income	$14,362	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$66,793
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,213,024	24.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$597,631	12.3%

Assets/Debt
Total Assets	$5,524,312
Total Liabilities	$3,175,469
Net Assets	$2,348,843

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,513,238

Expenses

$5,048,445

Net Income

$464,793

Net Assets

$1,666,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,531,866	> 100%
Investment Income	$31,372	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$50,000
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,336,412	26.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$594,080	11.8%

Assets/Debt
Total Assets	$4,774,661
Total Liabilities	$3,108,088
Net Assets	$1,666,573

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 31, 2025

Commercial Real Estate Finance Council Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $17.6M (2023)

Expenses $15.8M (2023)

Total Assets $29.3M (2023)

Total Liabilities $17.5M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$17.6M (2023)

Expenses

$15.8M (2023)

Total Assets

$29.3M (2023)

Total Liabilities

$17.5M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004