Connecticut Apartment Association
- Assets
- $286.1k
- Revenue
- $248.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 12/2013
- Data as of
- 06/2022
- EIN
- 10-0006520
Organization Overview
Connecticut Apartment Association is located in Springfield, MA. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Apartment Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Connecticut Apartment Association generated $248.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $242.5k during the year ending 06/2022. While expenses have increased by 12.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND PROTECT THE WELFARE OF THE APARTMENT INDUSTRY IN CONNECTICUT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTO PROVIDE A COST-EFFECTIVE FORUM FOR MULTI-FAMILY HOUSING OWNERS, MANAGERS, AND THEIR STAFF TO ADVANCE THEIR KNOWLEDGE AND UNDERSTANDING OF THE ISSUES PRESENTED IN THEIR BUSINESS ON A DAILY BASIS.TO PROVIDE A RESOURCE THAT WILL ALLOW THE UNITED REPRESENTATION IN THE CREATION, MODIFICATION, AND ENFORCEMENT OF LAWS ON A LOCAL, STATE, AND NATIONAL LEVEL.TO DEVELOP AND PROVIDE A LEVEL OF STANDARDS THAT WILL ENHANCE THE MEMBER'S ABILITY TO PROVIDE SUPERIOR RESIDENT SERVICES, RETENTION, AND SATISFACTION.TO CONVEY INFORMATION THAT WILL DIRECTLY IMPACT THE MEMBER'S ABILITY TO ENHANCE THE LEVEL OF SERVICE AND KNOWLEDGE THEY PROVIDE TO THEIR RESIDENTS AND OR EMPLOYERS.TO PROVIDE A SOLID VOICE THAT WILL REPRESENT THE BEST INTERESTS OF ITS MEMBERS IN POLITICAL AND ECONOMIC ARENAS.TO DEVELOP AND MONITOR A LEVEL OF SERVICE AND STANDARDS FROM OUR BUSINESS PARTNER MEMBERS. THIS SHALL INCLUDE EXCEPTIONAL QUALITY AND SERVICE, AND A FAIR AND EQUITABLE COST.TO COOPERATE WITH, AND SHARE RESOURCES, INFORMATION, AND KNOWLEDGE WITH OTHER ORGANIZATIONS WORKING WITH SIMILAR OBJECTIVES FOR THE ADVANCEMENT OF THE MULTI-FAMILY HOUSING MARKET WITHIN THE STATE OF CONNECTICUT.TO DEVELOP, ENFORCE AND ENHANCE A CODE OF ETHICS FOR ALL MEMBERS.TO SUPPORT AND PROMOTE THE CONSISTENT ADVANCEMENT OF THE BUILDING AND OPERATION TECHNIQUES IN THE MULTI-FAMILY HOUSING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Dematteo President | OfficerTrustee | 1 | $0 |
Brian Lemire Treasurer | OfficerTrustee | 1 | $0 |
Brent Reihl Secretary | OfficerTrustee | 1 | $0 |
Jim Brooks Vice President Of Assoc Affairs | OfficerTrustee | 1 | $0 |
Justin Gaboury Immediate Past President | Trustee | 1 | $0 |
Dragana Lacore President Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $223,466 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $112,301 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,742 |
| Office expenses | $11,611 |
| Information technology | $9,791 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $562 |
| All other expenses | $0 |
| Total functional expenses | $242,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,888 |
| Savings and temporary cash investments | $152,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $286,075 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $286,075 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $286,075 |
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