Madison Area Apartment Association
- Assets
- $345.6k
- Revenue
- $290.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Madison, WI
- Founding
- 12/1974
- Data as of
- 12/2022
- EIN
- 39-1207755
Organization Overview
Madison Area Apartment Association is located in Madison, WI. The organization was established in 1974. 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, Madison Area Apartment Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Area 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, Madison Area Apartment Association generated $290.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $263.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 4 years. 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
SEE STATEMENT 3
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANT SCREENING SERVICES
SEMINARS, EDUCATION, AND CONFERENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Haines Director | Trustee | 5 | $0 |
Michael Bingha Director | Trustee | 5 | $0 |
Nancy Jensen Director | Trustee | 5 | $0 |
Amy Bexson Executive Dire | Officer | 40 | $80,500 |
Joanna Rouse President | Officer | 5 | $0 |
Margaret Watso Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $188,531 |
| 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 | $188,531 |
| Total Program Service Revenue | $97,219 |
| Investment income | $155 |
| 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 | $4,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,275 |
| 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. | $80,500 |
| Compensation of current officers, directors, key employees. | $80,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,300 |
| Pension plan accruals and contributions | $2,303 |
| Other employee benefits | $3,041 |
| Payroll taxes | $7,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $39,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,349 |
| Advertising and promotion | $0 |
| Office expenses | $3,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,532 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,818 |
| All other expenses | $50,565 |
| Total functional expenses | $263,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,145 |
| Savings and temporary cash investments | $167,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,405 |
| 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 | $2,269 |
| 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 | $345,582 |
| Accounts payable and accrued expenses | $4,583 |
| 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 | $4,583 |
| Net assets without donor restrictions | $340,999 |
| 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 | $345,582 |