Public Charity

FOUNDATION FOR INNOVATION IN REAL ESTATE

FOUNDATION FOR INNOVATION IN REAL ESTATE is a Public Charity headquartered in CHICAGO, IL. Financial data from the 2024 filing: $211K revenue, $333K expenses, $5.5M total assets. IRS filings disclose 8 grants awarded by this foundation, totaling roughly $587K.

EIN: 861654217 CHICAGO, IL Latest filing: 2024
Total Revenue$211K
Total Expenses$333K
Total Assets$5.5M
Grants Given8
Grant Total$587K
Filing Years2022–2024

Mission

FOUNDATION FOR INNOVATION IN REAL ESTATE IS A CHARITABLE AND EDUCATIONAL ORGANIZATION CREATED TO INTRODUCE, EMPOWER, AND ADVANCE UNDERREPRESENTED CANDIDATES IN THE REAL ESTATE TECHNOLOGY INDUSTRY ("PROPTECH") THROUGH ITS SUPPORT AND (CONTINUED ON SCHEDULE O) OPPORTUNITIES. THE FOUNDATION ACCOMPLISHES ITS CHARITABLE GOALS PRIMARILY BY PAYING FOR THE COST OF ATTENDANCE AT VARIOUS INDUSTRY SEMINARS AND EVENTS FOR UNDERREPRESENTED PERSONS WHO WISH TO PARTICIPATE.

Sample Grants Given

IRVINE, CA · 2023
NAWRB ANNUAL SUMMIT AND DIVERSITY LEADERSHIP COUNCIL
$11,000
IRVINE, CA · 2023
NAWRB ANNUAL SUMMIT AND DIVERSITY LEADERSHIP COUNCIL
$11,000
CAMBRIDGE, MA · 2023
SUPPORT FOR MIT DESIGN X ACADEMIC PROGRAM
$10,000
CAMBRIDGE, MA · 2023
SUPPORT FOR MIT DESIGN X ACADEMIC PROGRAM
$10,000
CRETECH
GLADSTONE, NJ · 2022
AFFORDABLE HOUSING INITIATIVE
$262,590

Showing up to 5 of 8 total records — full history available with membership.

Officers & Directors

VICE PRESIDENT Ashley Stinton
DIRECTOR Dave Garland
SECRETARY AND TREASURER Johan Holmberg
PRESIDENT Matt Knight
DIRECTOR Tyler Thompson

Officer compensation and complete director data available with membership.

Top Grant Purposes

Affordable Housing Initiative
$262,590 1 grant
AFFORDABLE HOUSING INITIATIVE
$262,590 1 grant
NAWRB ANNUAL SUMMIT AND DIVERSITY LEADERSHIP COUNCIL
$22,000 2 grants
SUPPORT FOR MIT DESIGN X ACADEMIC PROGRAM
$20,000 2 grants
Relief Efforts in Ukraine
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $211K $333K $5.5M
2023 $192K $197K $5.7M
2022 $23K $323K $5.8M

Between 2022 and 2024, reported annual revenue grew from $23K to $211K (+830%), with total assets most recently reported at $5.5M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA, DC, MA, NJ.

CADCMANJ

Full geographic grant map with state-by-state breakdown available with membership.

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