Chicagoland Apartment Association
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 36-3626780
Organization Overview
Chicagoland Apartment Association is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Chicagoland Apartment Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicagoland 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, Chicagoland Apartment Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
CHICAGOLAND APARTMENT ASSOCIATION ("CAA") IS A NON-PROFIT ASSOCIATION FORMED TO ADVANCE THE RENTAL HOUSING INDUSTRY BY PROVIDING EDUCATION, LEGISLATIVE AND INFORMATIONAL SUPPORT, ENABLING MEMBERS TO OPERATE SUCCESSFULLY WHILE CONTRIBUTING TO THE COMMUNITY AROUND THEM. CAA OFFERS EDUCATIONAL COURSES RELATED TO PROPERTY MANAGEMENT, ORGANIZES AN ANNUAL AWARDS PROGRAM AND SUPPORTS LOBBYING ACTIVITIES. REVENUES ARE DERIVED FROM MEMBER DUES, PROGRAM REVENUES AND SPECIAL EVENTS. CAA IS AN AFFILIATE OF THE NATIONAL APARTMENT ASSOCIATION ("NAA"), A NATIONAL ADVOCATE FOR QUALITY RENTAL HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAA'S LEGISLATIVE PROGRAM PROVIDES A STRONG UNITED VOICE ADVOCATING ON BEHALF OF MEMBERS' RIGHTS UNDER LOCAL, STATE AND FEDERAL LAW. THE LEGISLATIVE COMMITTEE AND BOARD AND MEMBERS DETERMINE AND DIRECT CAA'S PUBLICLY STATED POSITION ON IMPORTANT ISSUES. MEMBERS DETERMINE THE POSITION AND PUT A VOICE TO THE MESSAGE. TWO CONTRACT LOBBYISTS IN SPRINGFIELD AND CHICAGO DELIVER THAT MESSAGE DAILY. CAA ENGAGES IN COALITION BUILDING TO MAXIMIZE IMPACT ON IMPORTANT ISSUES. A COORDINATED LEGISLATIVE/PR MESSAGE IS DELIVERED TO THE PRESS. THE CAA EVP MONITORS LEGISLATIVE TRENDS - BOTH POSITIVE AND NEGATIVE. LONG TERM CONSISTENT REPRESENTATION IS PROVIDED ON RECURRING ISSUES AT THE LOCAL, STATE AND NATIONAL LEVEL BY CAA AND THE NAA/NMHC JOINT LEGISLATIVE PROGRAM.
THE ASSOCIATION PUBLISHED A QUARTERLY MAGAZINE WHICH PROVIDED CAA MEMBERS WITH USEFUL, INFORMATIVE,IN-DEPTH ARTICLES ON MULTIFAMILY HOUSING INDUSTRY ISSUES. COMMUNITY SPOTLIGHTS, INFORMATION ABOUT UPCOMING EDUCATION PROGRAMS, EVENT REGISTRATION INFORMATION, VENDOR PROFILES, AND REVIEWS OF CAA EVENTS WERE FEATURED. THE CHICAGOLAND APARTMENT MARKETING AND MANAGEMENT EXCELLENCE (CAMME) AWARDS ARE TYPICALLY HELD ANNUALLY TO CELEBRATE MULTI-FAMILY HOUSING COMPANIES AND PROFESSIONALS THAT HAVE DEMONSTRATED EXCELLENCE IN THE PREVIOUS YEAR. THE PROGRAM INCLUDES AN EXTENSIVE JUDGING PROCESS AND AN AWARDS EVENT.
ANNUAL TRADE SHOW FOR PRODUCTS AND SERVICES RELATED TO THE MULTIFAMILY HOUSING INDUSTRY
CAA PROVIDES EDUCATIONAL SEMINARS THROUGHOUT THE YEAR. THE EDUCATIONAL PROGRAMS MAY LEAD TO PROFESSIONAL DESIGNATIONS, LICENSING OR FAIR HOUSING COMPLIANCE FOR PROPERTY OWNERS, MANAGERS, MAINTENANCE TECHNICIANS AND LEASING PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Fertitta President | OfficerTrustee | 1 | $0 |
Gina Fortune Harmon 1st Vice President | OfficerTrustee | 1 | $0 |
Stuart Handler 2nd Vice President | OfficerTrustee | 1 | $0 |
Steve Rappin 2nd Vice President | OfficerTrustee | 1 | $0 |
Steve Sise Treasurer | OfficerTrustee | 1 | $0 |
Dan Gladden Secretary | OfficerTrustee | 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 | $1,731,530 |
| Investment income | $2,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815,642 |
| 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. | $204,156 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,149 |
| Pension plan accruals and contributions | $16,771 |
| Other employee benefits | $69,794 |
| Payroll taxes | $35,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,085 |
| Fees for services: Accounting | $20,360 |
| Fees for services: Lobbying | $126,745 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,007 |
| Advertising and promotion | $48,000 |
| Office expenses | $32,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,676 |
| Insurance | $7,507 |
| All other expenses | $4,227 |
| Total functional expenses | $1,690,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,433 |
| 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 | $80,115 |
| Net Land, buildings, and equipment | $8,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,048,903 |
| Accounts payable and accrued expenses | $26,737 |
| Grants payable | $0 |
| Deferred revenue | $304,832 |
| 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 | $331,569 |
| Net assets without donor restrictions | $717,334 |
| 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 | $1,048,903 |