American Resorts & Residential Dev
- Assets
- $15.9m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Washington, DC
- Founding
- 06/1971
- Data as of
- 12/2022
- EIN
- 52-0895129
Organization Overview
American Resorts & Residential Dev is located in Washington, DC. The organization was established in 1971. 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 12/2022, American Resorts & Residential Dev employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Resorts & Residential Dev 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, American Resorts & Residential Dev generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. While expenses have increased by 0.7% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE AFFAIRS: EDUCATES GOVERNMENT OFFICIALS AND LEGISLATORS ABOUT THE RESORT INDUSTRY.
MEMBERSHIP SERVICES: TO PROTECT, CONNECT, AND AFFECT THOSE ORGANIZATIONS IN THE VACATION OWERNSHIP AND RESORT DEVELOPMENT INDUSTRIES THROUGH ADVOCACY, PROMOTION, AND NETWORKING.
MEETINGS AND AWARDS: ARDA OFFERS THE INDUSTRY EXCEPTIONAL EDUCATIONAL AND NETWORKING OPPORTUNITIES THROUGH ITS ANNUAL CONVENTION, FALL CONFERENCE, AND VARIETY OF REGIONAL SEMINARS THROUGHOUT THE YEAR.
COMMUNICATIONS & PUBLICATIONS: A MAGAZINE IS PROVIDED AS A MEMBERSHIP BENEFIT. OTHER PUBLICATIONS RELEVANT TO THE TIMESHARE INDUSTRY ARE ALSO MADE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Gamel President | OfficerTrustee | 15 | $589,121 |
Michael Brown Chairman | OfficerTrustee | 2 | $0 |
Thomas Nelson Chairman-Elect (to May '22) | OfficerTrustee | 1 | $0 |
Robert Spottswood Past Chair | OfficerTrustee | 1 | $0 |
Robert Webb General Counsel/secretary | OfficerTrustee | 2 | $0 |
Jared Saft Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Digital Ignite Advertising Services | 12/30/22 | $883,843 |
Diplomat Resort & Spa Convention Services | 12/30/22 | $504,098 |
Epic Decade Llc Strategic Development | 12/30/22 | $142,744 |
Leading Authorities Inc Convention Services | 12/30/22 | $383,400 |
Lamark Media Group Advertising Services | 12/30/22 | $157,975 |
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 | $9,568,648 |
| Investment income | $294,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,046 |
| Net Rental Income | $147,225 |
| Net Gain/Loss on Asset Sales | $69,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,097,639 |
| 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. | $1,308,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,561,728 |
| Pension plan accruals and contributions | $280,968 |
| Other employee benefits | $178,785 |
| Payroll taxes | $79,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186,642 |
| Fees for services: Accounting | $38,669 |
| Fees for services: Lobbying | $393,797 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,775 |
| Fees for services: Other | $425,632 |
| Advertising and promotion | $896,312 |
| Office expenses | $125,076 |
| Information technology | $110,330 |
| Royalties | $0 |
| Occupancy | $581,276 |
| Travel | $158,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,652,696 |
| Interest | $629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,543 |
| Insurance | $80,032 |
| All other expenses | $100 |
| Total functional expenses | $9,482,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,540,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,328 |
| 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 | $492,645 |
| Net Land, buildings, and equipment | $123,474 |
| Investments—publicly traded securities | $9,632,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,108,957 |
| Total assets | $15,913,625 |
| Accounts payable and accrued expenses | $1,404,985 |
| Grants payable | $0 |
| Deferred revenue | $2,485,601 |
| 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 | $3,552,204 |
| Total liabilities | $7,442,790 |
| Net assets without donor restrictions | $8,470,835 |
| 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 | $15,913,625 |