Mississippi Apartment Association
- Assets
- $231.6k
- Revenue
- $264.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Brandon, MS
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 26-0395422
Organization Overview
Mississippi Apartment Association is located in Brandon, MS. The organization was established in 2010. 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. As of 12/2021, Mississippi Apartment Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 12/2021, Mississippi Apartment Association generated $264.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $252.5k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES PROFESSIONALISM IN THE MULTIFAMILY INDUSTRY TO SERVE THE PUBLIC'S RENTAL HOUSING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSISSIPPI APARTMENT ASSOCIATION COMBINED THEIR ANNUAL CRAWFISH BOIL AND TRADESHOW IN APRIL, HOSTED THE FIRST LEADERSHIP LYCEUM OVER 3 MONTHS FOR THE BOARD OF DIRECTORS AND BEGAN HOSTING EVENTS IN THE OXFORD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Elder Association Director | OfficerTrustee | 40 | $90,000 |
Michelle Archer-Littlejohn President | Officer | 1 | $0 |
Kevin Hodges Treasurer | Officer | 1 | $0 |
Renee Ainsworth Vice President | Officer | 1 | $0 |
Arthur Blankenship Secretary | Officer | 1 | $0 |
Donna Mccarthy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $143,909 |
| 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 | $143,909 |
| Total Program Service Revenue | $111,198 |
| Investment income | $0 |
| 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 | $264,019 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,227 |
| Fees for services: Accounting | $4,805 |
| Fees for services: Lobbying | $12,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,876 |
| Advertising and promotion | $6,236 |
| Office expenses | $11,352 |
| Information technology | $8,487 |
| Royalties | $0 |
| Occupancy | $12,094 |
| Travel | $4,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,349 |
| All other expenses | $0 |
| Total functional expenses | $252,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,148 |
| 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 | $231,637 |
| Accounts payable and accrued expenses | $1,113 |
| 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 | $1,113 |
| Net assets without donor restrictions | $230,524 |
| 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 | $231,637 |
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