Asian Real Estate Association Of Metro New York Inc in New York, New York (NY)

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Asian Real Estate Association Of Metro New York Inc
Employer Identification Number (EIN)273575797
Name of OrganizationAsian Real Estate Association Of Metro New York Inc
In Care of NameARTHUR HUNG
AddressC/O Arthur Hung Sothebys Intl 149 Fifth Ave No 4/F, New York, NY 10010
Websitehttp://WWW.AREAA.ORG
SubsectionBusiness League
Ruling Date03/2012
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,992
Amount of Income$2,253
Form 990 Revenue Amount$2,253
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2013: $2,253 (it was $64,942 in 2012)
This organization: 

 $2,253
Other organizations performing similar types of work: 

 $88,861

Assets in 2013: $1,992 (it was $24,214 in 2012)
This organization: 

 $1,992
Other organizations performing similar types of work: 

 $51,691

Expenses in 2012: $2,972
Asian Real Estate Association Of Metro New York Inc: 

 $2,972
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2012: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2012: 211.8%
This organization: 

 211.8%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$21,119
Contributions, gifts, grants, and similar amounts received$44,730
Program service revenue including government fees and contracts$0
Membership dues and assessments$8,601
Investment income$0
Gain from sale of assets other than inventory$0
Net loss from gaming and fundraising events$-32,212
Gross income from gaming$0
Gross income from fundraising events$11,611
Less: direct expenses from gaming and fundraising events$43,823
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$2,972
Total net assets$24,214
Excess for the year$18,147
Net assets or fund balances at beginning of year$6,067
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$24,214
Total liabilities$0
Net assets or fund balances$24,214
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
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2San Joaquin Valley Winegrowers Association7030 N Fruit Avenue, Fresno, CA 93711-0782CA2008-11$175,202
3441 Heritage Corridor Inc300 North Thomas Street, Athens, GA 30601GA2000-07$56,377
4World Economic Forum Usa Inc3 E 54th St Fl 18, New York, NY 10022-3104NY2007-05$48,885,511
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6Women Presidents Organization Inc155 E 55th St Apt 4h, New York, NY 10022-4051NY2003-01$3,971,412
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8Airline Passenger Experience Association Inc355 Lexington Ave Fl 15, New York, NY 10017-6603NY2009-07$2,871,501
9Dramatists Guild Of America Inc1501 Broadway Ste 701, New York, NY 10036-5505NY2011-01$2,402,604
10Home Care Association Of New York State Inc388 Broadway Ste 4, Albany, NY 12207-2941NY2009-07$1,776,076
11Corenet Global Inc, New York Chapter380 Lexington Avenue No 19fl, New York, NY 10168-0002NY2014-08$1,317,420
12Council Of Urban Professionals Inc55 Exchange Pl Ste 401, New York, NY 10005-3304NY2009-07$1,290,359
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15Prabhu Family FoundationPO BOX 15014, Albany, NY 12212-5014NY2012-04$962,699
16Hudson Valley Economic Development Corporation4 Crotty Ln, New Windsor, NY 12553-4778NY2010-08$845,809
17New York City Hospitality Alliance Inc65 W 55th Street Suitw 203a, New York, NY 10019NY2012-09$750,247
18Index Industry Association1270 Avenue Of The Americas Ste F-2, New York, NY 10020-1700NY2012-12$750,000
19Pearl Initiative Inc26 Old Lyme Rd, Scarsdale, NY 10583-7636NY2013-07$699,590
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Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957

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