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Chinese American Real Estate Association USA Inc

Flushing, NY · EIN 134016452 · Form 990EZ · FY2024 · NTEE L033 · Housing & Shelter · Micro (<$100K) · careausa.com
revenue
$22K
expenses
$31K
net assets
$495
employees
mission · from form 990

Promoting Local Realtors Network

profile · synthesized from sources

Chinese American Real Estate Association USA Inc is a New York-based organization focused on supporting real estate professionals and providing housing guidance to renters and buyers in New York City. It offers educational resources on rental and ownership options, including rent-stabilized apartments, co-ops, and condominiums, with an emphasis on market navigation and financial eligibility. The organization promotes local realtor networks and serves as an informational hub for both domestic and international clients.

named programs · 3 · from sources

What they call their work

Buyer's Guide
Offers guidance to homebuyers on navigating cooperative and condominium purchases in New York City, including ownership structures, financial eligibility, and market nuances.
Lease Guarantor Assistance
Advises applicants on securing lease guarantors when income or credit history does not meet landlord requirements, including documentation and financial verification processes.
Renter's Guide
Provides comprehensive educational resources on renting in New York City, including explanations of rental buildings, co-ops, and condominiums, lease types, approval processes, and financial requirements.
activities · 3 groups

What they do

  • Real Estate Professional Association 4 activities
    • Facilitates professional networking and career advancement in the Chinese American real estate community
      Supports professional connections, knowledge sharing, and career advancement opportunities within the Chinese American real estate industry through organized networking and capacity-building initiatives.
    • Hosts educational events and seminars for real estate professionals
      Organizes events and educational seminars for real estate professionals in the Asian community of the New York area, including co-hosted events with other nonprofit organizations to support the industry.
    • Promotes a network of local realtors
      Supports and promotes a network of local real estate professionals, enhancing collaboration and visibility within the industry.
    • Supports real estate transactions through listing, marketing, and brokerage services
      Facilitates exclusive listing agreements, implements co-brokering arrangements, distributes listings through major real estate platforms (On-Line Residential, REBNY, Manhattan MLS), and markets properties using professional photography, virtual tours, floor plans, and promotional materials, including organizing broker open houses.
  • First-Time Homebuyer Support Services 2 activities
    • Provides guidance on U.S. real estate transactions for foreign buyers
      Offers educational support and resources to foreign buyers navigating U.S. real estate transactions, including reference to data on international investment trends.
    • Provides real estate education and guidance for buyers and renters in New York City
      Offers educational resources on property types (rentals, co-ops, condos), mortgage financing options, the homebuying process, and financial planning for renters and homebuyers in New York City, including personalized decision-making support and income eligibility guidance.
  • Uncategorized 1 activity
    • Offers relocation and moving assistance for individuals moving to New York City
      Provides guidance on selecting reputable moving companies and offers a checklist to help individuals organize and evaluate moving services when relocating to New York City.
financials · form 990EZ · fy2024
revenue
Total revenue$22K
Contributions & grants
Program service revenue
Investment income
Other revenue
expenses
Total expenses$31K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out$2K
balance sheet
Total assets$495
Cash
Investments
Liabilities
Net assets$495
4 years on record · 2020–2024 · YoY revenue -29.0%
relationships · 6

Who they work with

  • BUILT by Backspace Partner — Design and technology partner for CAREA USA's website.
  • Feeding America Partner — Partner agency distributing food
  • National Association of Realtors Partner — Cited as a source for data on international real estate investment in the U.S.
  • Nextspace Partner — Collaborates on interior design projects, with shared client engagement and design processes.
  • Real Estate Board of New York Network — Shares property listings through the REBNY Listing System to connect with the broader real estate brokerage community.
  • other non-profit organizations Partner — Co-organizes events with other nonprofit organizations.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Buyer Education Through Normalization and Financial Literacy
    methodology: buyer_education_through_normalization
    By educating buyers—especially foreign and first-time buyers—on U.S. real estate practices and financial processes, the organization reduces apprehension and loan rejection risk, because framing cooperative ownership as standard and explaining mortgage criteria builds confidence and preparedness.
  • Collaborative Partnerships to Expand Reach
    methodology: collaborative_partnerships
    By collaborating with other nonprofit organizations on joint events and initiatives, the organization advances industry development, because strategic partnerships amplify impact and broaden engagement within the real estate community.
  • Market-Driven Pricing and Brokerage Outreach
    methodology: comparative_market_analysis
    By using comparative market analysis and targeting the broader brokerage community in marketing, the organization maximizes buyer interest and sale outcomes, because accurate, data-informed pricing and agent-to-agent networks drive competitive engagement in NYC’s real estate market.
  • Professional Network Building for Industry Advancement
    methodology: professional_networking_and_development
    By connecting Chinese American real estate professionals, the organization fosters community, advances industry knowledge, and creates career opportunities, because peer networks enhance professional growth and collective industry development.