Community Associations Institute
- Assets
- $265.1k
- Revenue
- $203.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Virginia Beach, VA
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 52-1327718
Organization Overview
Community Associations Institute, operating under the name Southeastern Virginia Chapter Cai, is located in Virginia Beach, VA. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Southeastern Virginia Chapter Cai employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Southeastern Virginia Chapter Cai 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, Southeastern Virginia Chapter Cai generated $203.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $169.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND RESOURCES TO COMMUNITY ASSOCIATIONS, INDIVIDUALS, PUBLIC AGENCIES, BUSINESSES, AND OTHER ORGANIZATIONS IN THE FORM OF SEMINARS, PUBLIC FORUMS, PAMPHLETS, DISSEMINATION OF INFORMATION THROUGH NEWS AGENCIES AND OTHER FORMS OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CA DAY TRADE SHOW & EDUCATION EXPO - VARIOUS SEMINARS FOR THE EDUCATION OF RESIDENTS OF CONDOMINIUM AND HOMEOWNERS' ASSOCIATIONS AND ASSOCIATION MANAGERS. THIS ANNUAL EVENT NORMALLY WITH OVER 500 PARTICIAPANTS WAS HELD VIRTUALLY DURING 2021 DUE TO COVID.
LEGAL & LEGISLATIVE UPDATE - WORKSHOP AND UPDATE ON LEGISLATION REGARDING ASSOCIATIONS FOR RESIDENTS AND ASSOCIATION MANAGERS. APPROXIMATELY EIGHTY-FIVE PEOPLE ATTENDED ONE PROGRAM EVENT.
EDUCATION PROGRAMS - EDUCATION PROGRAMS PROVIDED BY VARIOUS PROFESSIONAL AND BUSINESS PARTNER MEMBERS TO ASSOCIATION MANAGERS AND ASSOCIATION BOARD OF DIRECTOR MEMBERS. APPROXIMATELY FOUR HUNDRED FIXTY PEOPLE ATTENDED SIX PROGRAM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Williams Treasurer | OfficerTrustee | 3 | $0 |
Jim Durkee President | OfficerTrustee | 3 | $0 |
Jeffrey A Hunn President-El | OfficerTrustee | 3 | $0 |
Kathleen Panagis Secretary | OfficerTrustee | 3 | $0 |
Jason Crooke Vice Preside | OfficerTrustee | 3 | $0 |
Shannon Lee Director | Trustee | 3 | $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 | $116,261 |
| Investment income | $174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,540 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $294 |
| Office expenses | $27,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,566 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,634 |
| All other expenses | $35 |
| Total functional expenses | $169,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,244 |
| Savings and temporary cash investments | $55,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $265,102 |
| Accounts payable and accrued expenses | $9,172 |
| 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 | $9,172 |
| Net assets without donor restrictions | $255,930 |
| 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 | $265,102 |
Grants Awarded
Over the last fiscal year, Community Associations Institute has awarded $18,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chesapeake, VA | | $10,000 |
Falls Church, VA | | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Associations Institute Falls Church, VA | $13,548,237 | $18,621,219 |
Lake Linganore Association Inc New Market, MD | $10,199,975 | $5,995,596 |
People Incorporated Financial Services Abingdon, VA | $9,830,118 | $4,663,057 |
Little Rocky Run Homeowners Association Clifton, VA | $4,843,558 | $3,483,958 |
H Street Community Development Corp Washington, DC | $18,054,193 | $5,307,629 |
Marshall Heights Community Development Organization Washington, DC | $2,891,377 | $2,136,005 |
Community Association Managers Intl Certification Board Inc Falls Church, VA | $3,242,861 | $1,625,853 |
Cheers Richmond, VA | $869,139 | $1,586,686 |
Community Associations Institute Falls Church, VA | $1,258,940 | $1,448,607 |
Overlee Community Association Inc Arlington, VA | $5,817,642 | $1,366,825 |
Owl Creek Community Association Inc Louisville, KY | $2,501,043 | $840,293 |
Long Reach Community Association Inc Columbia, MD | $852,759 | $852,995 |