Overview
What is Illinois Real Estate Lawyers Association?
The Illinois Real Estate Lawyers Association (IRELA) is a nonprofit organization situated in Arlington Heights, Illinois. Its primary mission is to support and educate Illinois real estate attorneys, offering resources for their professional development. IRELA conducts seminars on legal topics affecting real estate law and keeps its members updated on current, pending, and necessary legislation and regulations. The association aims to promote and maintain the role of real estate lawyers in Illinois by addressing the complex issues clients encounter in real estate transactions and educating the public on the importance of having an experienced, independent attorney represent both buyers and sellers.
Official website here: www.irela.org
Is Illinois Real Estate Lawyers Association legitimate?
Illinois Real Estate Lawyers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Real Estate Lawyers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,000
For more financial information, click here
Official website here: www.irela.org
What is the mission statement of Illinois Real Estate Lawyers Association?
The Illinois Real Estate Lawyers Association (IRELA) is committed to assisting its members in addressing the intricate issues that arise in real estate transactions. By providing solutions, IRELA aims to support its members in effectively representing the interests of both buyers and sellers in these transactions. Furthermore, the organization seeks to educate the public on the significance of having an experienced and independent attorney involved in real estate transactions. This ensures that the rights and interests of all parties involved are protected throughout the process.
Official website here: www.irela.org
Who is the CEO of Illinois Real Estate Lawyers Association?
John G O'Brien is the President of Illinois Real Estate Lawyers Association.
Official website here: www.irela.org
What is the revenue of Illinois Real Estate Lawyers Association?
Illinois Real Estate Lawyers Association's revenue in 2022 was $424,314.
Official website here: www.irela.org
Who are the executives of Illinois Real Estate Lawyers Association and what are their salaries?
There 21 volunteers at Illinois Real Estate Lawyers Association.
Here are 22 key members and their salaries:
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Official website here: www.irela.org
Where can I find the form 990 for Illinois Real Estate Lawyers Association?
Illinois Real Estate Lawyers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irela.org
Learn more at the official website: www.irela.org
Mission Statement of Illinois Real Estate Lawyers Association
The Illinois Real Estate Lawyers Association (IRELA) is committed to aiding its members in navigating the intricate challenges that clients encounter in real estate transactions. Their mission is twofold: firstly, they strive to assist their members in finding solutions to the complex issues that arise in real estate deals. Secondly, they aim to educate the general public about the significance of having an experienced, independent attorney representing the interests of both buyers and sellers in real estate transactions. By doing so, IRELA emphasizes the importance of legal representation in safeguarding the rights and interests of all parties involved in real estate transactions.
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Impact
October, 2024
The Illinois Real Estate Lawyers Association (IRELA) plays a crucial role in enhancing the practice of real estate law in Illinois. By providing resources for professional development and education, IRELA equips real estate attorneys with the knowledge needed to navigate the increasingly complex landscape of real estate transactions. This support includes organizing seminars focused on current legal topics and delivering timely updates that keep members informed on evolving regulations and practices.
Moreover, IRELA is actively engaged in advocacy efforts, working on drafting, modifying, and analyzing legislation and regulations that affect real estate law. This work is vital for promoting and maintaining the significant role of real estate lawyers in the state, thereby ensuring that clients receive competent legal representation during transactions.
The association also emphasizes public education, underscoring the importance of having experienced, independent attorneys to safeguard the interests of buyers and sellers. Through these initiatives, IRELA not only enhances the profession but also contributes to the overall integrity and effectiveness of real estate transactions in Illinois, ultimately benefiting the community at large.
This information is meant to be a general summary of Illinois Real Estate Lawyers Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $9,350
- Gross Receipts: $430,655
Assets and Liabilities:
- Total Assets: $303,649
- Total Liabilities: $0
- Net Assets: $303,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WEBINAR FEES AND OTHER
Revenue
$9,350
Organization Details
Founding Year
1996
Phone
(630) 285-5300Principal Officer
John G O'Brien
Main Address
1350 W NORTHWEST HIGHWAY, ARLINGTON HEIGHTS, IL, 60004
Website
www.irela.orgNTEE Category
Code: S41 - Community improvement
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