Apartment & Office Bldg Assn
- Assets
- $2.5m
- Revenue
- $4.4m
- Investments
- $1.1m
- Employees
- 18
- Location
- Washington, DC
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 53-0184431
Organization Overview
Apartment & Office Bldg Assn is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Apartment & Office Bldg Assn employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apartment & Office Bldg Assn 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, Apartment & Office Bldg Assn generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 3.1% 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
TO KEEP THE OWNERS & MANAGERS OF APARTMENTS & OFFICE BUILDINGS INFORMED OF RECENT & PENDING LEGISLATION AND PROVIDE LEGISLATIVE REPRESENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION - SEMINARS, GENERAL MEMBERSHIP MEETING, REAL PROPERTY ADMINISTRATOR PROGRAM, CERTIFIED APARTMENT MANAGER PROGRAM, NATIONAL LEASING PROFESSIONAL PROGRAM AND FOUNDATIONS OF REAL ESTATE MANAGEMENT.
SPECIAL ACTIVITIES - TO PROMOTE THE BENEFITS OF BELONGING TO THE ASSOCIATION AND TO ATTRACT NEW MEMBERS.
LEGAL DEFENSE FUND IS DESIGNED TO FINANCE LEGAL ACTION FOR THE GENERAL BENEFIT OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frann G Francis Sr Vp/gen Co | Officer | 40 | $552,797 |
Margaret Jeffers ESQ Exec. Vp/sec | Officer | 40 | $436,626 |
Excetral K Caldwell Senior Couns | Officer | 40 | $221,327 |
Nicola Y Whiteman Sr Vp/govt A | Officer | 40 | $218,113 |
Jeanne Clarke VP Of Financ | Officer | 40 | $210,745 |
Brian M Gordon VP Of Gov Af | Officer | 40 | $204,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revillo Hill Associates Economists | 12/30/21 | $413,733 |
Keith Townsend Legal Consultan | 12/30/21 | $236,454 |
William S Pharr Consulting | 12/30/21 | $164,534 |
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 | $3,321,095 |
| Investment income | $171,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,413,314 |
| 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. | $1,844,023 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,041,090 |
| Pension plan accruals and contributions | $340,592 |
| Other employee benefits | $146,664 |
| Payroll taxes | $175,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $462,448 |
| Fees for services: Accounting | $65,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,145 |
| Fees for services: Other | $85,944 |
| Advertising and promotion | $15,497 |
| Office expenses | $104,520 |
| Information technology | $100,540 |
| Royalties | $0 |
| Occupancy | $236,322 |
| Travel | $11,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,582 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,191 |
| Insurance | $120,533 |
| All other expenses | $0 |
| Total functional expenses | $5,280,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,520 |
| Savings and temporary cash investments | $29,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,884 |
| 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 | $92,884 |
| Net Land, buildings, and equipment | $344,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,104,992 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,516,751 |
| Accounts payable and accrued expenses | $1,214,242 |
| Grants payable | $0 |
| Deferred revenue | $38,528 |
| 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 | $1,252,770 |
| Net assets without donor restrictions | $1,257,655 |
| Net assets with donor restrictions | $6,326 |
| 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 | $2,516,751 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Transit Association Washington, DC | $25,928,823 | $18,627,373 |
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |
United States Telecom Association Washington, DC | $26,999,064 | $14,419,422 |
National Association Of Regulatory Utility Commissioners Washington, DC | $14,588,498 | $9,839,643 |
United States Naval Institute Annapolis, MD | $27,665,507 | $24,447,598 |
Telecommunications Industry Association Arlington, VA | $9,432,322 | $8,404,450 |
National Motor Freight Traffic Association Inc Alexandria, VA | $59,067,846 | $11,675,986 |
Government Employees Benefit Association Inc Hanover, MD | $24,504,834 | $8,425,068 |
Apartment & Office Bldg Assn Washington, DC | $2,516,751 | $4,413,314 |
National Guard Association Of The United States Washington, DC | $48,257,857 | $5,434,949 |