Pennsylvania Apartment Association
- Assets
- $1.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Bala Cynwyd, PA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 23-3017717
Organization Overview
Pennsylvania Apartment Association is located in Bala Cynwyd, PA. The organization was established in 2018. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pennsylvania Apartment Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania 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 12/2022, Pennsylvania Apartment Association generated $2.3m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 89.0% per year over the past 5 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 PROMOTE QUALITY APARTMENT LIVING & ADVANCE THE SUCCESS OF MEMBERS & THE APARTMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOSTS THE FOLLOWING MEETINGS AND EVENTS ANNUALLY:1) TRADE SHOW - AN ANNUAL INDUSTRY EXPOSITION WHERE EDUCATIONALSEMINARS ARE HELD AND MEMBERS HAVE THE OPPORTUNITY TO SHOW THEIRBUSINESSES. 2) APARTMENT LIVING AWARDS - AN ANNUAL AWARDS PROGRAM TO RECOGNIZE THE BEST APARTMENT OWNERS, MANAGEMENT, AND MAINTENANCE PROGRAMS IN THE INDUSTRY.
THE GOVERNMENT AFFAIRS PROGRAM ADVOCATES ON BEHALF OF THE ASSOCIATION'S LEGISLATIVE OBJECTIVES. WE UPDATE THE MEMBERS ON THE LATEST POLICIES AND PROPOSALS ON THE LOCAL, STATE, AND FEDERAL LEVELS THAT CAN IMPACT THEIR OPERATIONS AND BOTTOM LINES. WE MAKE SURE THAT LEGISLATORS AND DECISION-MAKERS KNOW THAT THE MULTIFAMILY INDUSTRY IS VITAL TO OUR METROPOLITAN REGION AND OUR COMMONWEALTH. PAA MEMBERS MEET WITH DOZENS OF HARRISBURG LEGISLATORS TO SHOWCASE OUR IMPORTANCE AND TO INFORM THEM ABOUT OUR TOP POLICY PRIORITIES. THIS EVENT PROVIDES YOU WITH INVALUABLE TIME TO CONNECT WITH YOUR ELECTED OFFICIALS AND TO GIVE THEM FIRST-HAND ACCOUNTS OF THE EXPERIENCES OF PROPERTY OWNERS AND MANAGERS.
EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE TIMELY SEMINARS ON INDUSTRY RELATED ISSUES AND PROFESSIONAL DESIGNATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Morgan President | OfficerTrustee | 2 | $0 |
Donna Colbert Vice President | OfficerTrustee | 2 | $0 |
Connor Woodward Secretary | OfficerTrustee | 2 | $0 |
Alex Stefanelli Treasurer | OfficerTrustee | 2 | $0 |
Michael Cohen Board Member | Trustee | 1 | $0 |
Chuck Colletti Board Member | 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 | $104,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,478 |
| Total Program Service Revenue | $2,183,466 |
| Investment income | $375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,288,319 |
| 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. | $196,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $640,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,272 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $86,062 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,378 |
| Information technology | $21,313 |
| Royalties | $0 |
| Occupancy | $90,692 |
| Travel | $71,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $339,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,833 |
| Insurance | $24,120 |
| All other expenses | $0 |
| Total functional expenses | $2,273,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,742 |
| Savings and temporary cash investments | $1,253,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,651 |
| 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 | $62,954 |
| Net Land, buildings, and equipment | $27,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,610,438 |
| Accounts payable and accrued expenses | $43,669 |
| Grants payable | $0 |
| Deferred revenue | $510,049 |
| 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 | $159,587 |
| Other liabilities | $0 |
| Total liabilities | $713,305 |
| Net assets without donor restrictions | $858,000 |
| Net assets with donor restrictions | $39,133 |
| 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 | $1,610,438 |