Nevada State Apartment Association
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Las Vegas, NV
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 30-0034344
Organization Overview
Nevada State Apartment Association is located in Las Vegas, NV. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nevada State Apartment Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada State 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, Nevada State Apartment Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEVADA STATE APARTMENT ASSOCIATION IS DEVOTED TO SUPPORTING THE DIVERSITY, INTEGRITY AND EVER-CHANGING ENVIRONMENT OF THE MULTIFAMILY HOUSING INDUSTRY IN NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEVADA STATE APARTMENT ASSOCIATION ORGANIZED AND PRESENTED 8 EVENTS IN THE CURRENT YEAR SERVING 2,400 INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT THE MULTIFAMILY HOUSING INDUSTRY IN NEVADA. THESE EVENTS INCLUDED SOCIAL, EDUCATIONAL, LOBBYING, AND NETWORKING SERVICES THAT WERE DESIGNED TO HELP THE MEMBERS OF THE ASSOCIATION LEARN MORE ABOUT BEST PRACTICES AND POLICIES RELATED TO THE MANY AREAS OF MULTIFAMILY HOUSING INDUSTRY IN NEVADA.
THE NEVADA STATE APARTMENT ASSOCIATION, AS PART OF ITS EDUCATIONAL PROGRAMMING SURROUNDING BEST PRACTICES, HELD AN EDUCATIONAL SEMINAR THAT HAD A QUALIFIED EXEMPT PURPOSE UNDER IRS SECTION 501(C)(6). ATTENDEES OF THE EDUCATIONAL PROGRAM WERE GIVEN THE OPPORTUNITY TO LEARN MORE ABOUT THE DIFFERENT LEGISLATIVE ISSUES AND CONCERNS REGARDING MULTIFAMILY HOUSING IN THE STATE OF NEVADA.
AS PART OF THE NEVADA STATE APARTMENT ASSOCIATION'S EDUCATIONAL PROGRAMS, SPECIFIC PROGRAMS ARE DESIGNED TO DEMONSTRATE THE DIFFERENCES BETWEEN ADVOCACY, EDUCATION, AND LOBBYING AND THE IMPORTANCE OF EACH ACTIVITY IN THE COMMUNITY. THE GOAL OF ALL ACTIVITIES IS PRIMARILY TO EDUCATE. HOWEVER, THE LOBBYING ACTIVITIES ARE SPECIFICALLY FOCUSED ON PROMOTING LEGISLATION WHICH WILL MAKE MUTLIFAMILY HOUSING IN NEVADA MORE FAVORABLE TO NOT ONLY THE MEMBERS OF THE ASSOCIATION, BUT ALL NEVADA TAXPAYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Vasquez Exec. Director | Officer | 40 | $86,872 |
Phyllis Garcia President | OfficerTrustee | 0.9 | $0 |
Bret Holmes Past President | OfficerTrustee | 0.73 | $0 |
Troy Perkins Vice President | OfficerTrustee | 0.9 | $0 |
Debra Peterson Exec. Officer | OfficerTrustee | 0.73 | $0 |
Lisa Lynes Treasurer | OfficerTrustee | 0.9 | $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 | $56,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,224 |
| Total Program Service Revenue | $910,868 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $213,298 |
| 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 | $1,180,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,258 |
| 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. | $86,872 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,174 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $110,545 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,382 |
| Advertising and promotion | $832 |
| Office expenses | $20,787 |
| Information technology | $8,688 |
| Royalties | $0 |
| Occupancy | $54,239 |
| Travel | $30,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,698 |
| Insurance | $14,615 |
| All other expenses | $30,619 |
| Total functional expenses | $1,044,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,534 |
| 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 | $13,177 |
| Investments—publicly traded securities | $905,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,503,915 |
| Accounts payable and accrued expenses | $140,114 |
| Grants payable | $0 |
| Deferred revenue | $110,280 |
| 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 | $250,394 |
| Net assets without donor restrictions | $1,253,521 |
| 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 | $1,503,915 |
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