National Apartment Association
- Assets
- $36.6m
- Revenue
- $34.5m
- Investments
- $20.6m
- Employees
- 113
- Location
- Arlington, VA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 53-0191129
Organization Overview
National Apartment Association is located in Arlington, VA. The organization was established in 1945. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, National Apartment Association employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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 12/2021, National Apartment Association generated $34.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $32.4m during the year ending 12/2021. While expenses have increased by 3.0% 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 SERVE AS A TRUSTED, PREEMINENT RESOURCE FOR ALL STAKEHOLDERS IN THE RENTAL HOUSING INDUSTRY THROUGH ADVOCACY, EDUCATION AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL LEASE PROGRAM - THE NAA CLICK & LEASE IS A WEB-BASED LEASING PROGRAM. THIS LEASING PROGRAM ALLOWS AN APARTMENT COMMUNITY TO SAVE TIME AND MONEY BY SPEEDING UP THE PREPARATION AND PRINTING OF LEGAL DOCUMENTS. IN ADDITION TO PROVIDING GREATER EFFICIENCY TO THE ONSITE LEASING PROCESS, PROSPECTIVE RESIDENTS MAY FILL OUT A RENTAL APPLICATION ONLINE AND PROPERTY MANAGERS MAY AUDIT AND EDIT ENTIRE PORTFOLIOS OF LEASES WITH A FEW MOUSE CLICKS.
MEETINGS AND EXPOSITIONS - INTERACTION WITH NATIONAL MEMBERSHIP THROUGH INDUSTRY MEETINGS, AS WELL AS VISITS TO STATE AND LOCAL AFFILIATES.
GOVERNMENT AFFAIRS - NAA PARTNERS WITH NATIONAL MULTIFAMILY HOUSING COUNCIL (NMHC) TO ADVOCATE FOR A SUPPORTIVE LEGISLATIVE AND REGULATORY CLIMATE TO PROTECT BUSINESSES. AT THE STATE AND LOCAL LEVELS, NAA ANALYZES LEGISLATION, CONDUCTS RESEARCH, AND PROVIDES RESOURCES TO HELP BUILD MEMBERS' STRENGTH AND INFLUENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Pinnegar Cae Chief Executive Officer | Officer | 37.5 | $556,490 |
Greg Brown Senior VP Government Affairs | Officer | 37.5 | $310,176 |
Amy Groff Cpm Chief Operating Officer | Officer | 37.5 | $242,091 |
Rebecca Sullivan Senior VP Strategic Communicat | Officer | 37.5 | $203,752 |
Nancy Carbone Sr VP Human Resour. & Admin | 37.5 | $203,449 | |
Paula Munger Avp Industry Research & Analys | 37.5 | $189,330 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sme Entertainment Group Llc Speaker Services | 12/30/21 | $501,727 |
Nexxtshow Exposition Services Llc Exhibitor Services | 12/30/21 | $327,439 |
Smg Food Beverage Llc Catering | 12/30/21 | $377,628 |
Real Strategy Group Llc Consulting Services | 12/30/21 | $298,797 |
John J Mcdermott Legal Services | 12/30/21 | $177,975 |
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 | $94,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,325 |
| Total Program Service Revenue | $30,160,744 |
| Investment income | $466,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,472,867 |
| 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. | $1,846,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $7,526,089 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $280,162 |
| Other employee benefits | $1,178,732 |
| Payroll taxes | $655,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $481,536 |
| Fees for services: Accounting | $53,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,548 |
| Fees for services: Other | $2,480,929 |
| Advertising and promotion | $670,478 |
| Office expenses | $1,189,111 |
| Information technology | $281,248 |
| Royalties | $0 |
| Occupancy | $876,832 |
| Travel | $395,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,063,669 |
| Interest | $59,930 |
| Payments to affiliates | $7,350,690 |
| Depreciation, depletion, and amortization | $782,236 |
| Insurance | $310,513 |
| All other expenses | $0 |
| Total functional expenses | $32,399,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,651 |
| Savings and temporary cash investments | $175,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,125,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,202 |
| Prepaid expenses and deferred charges | $3,904,187 |
| Net Land, buildings, and equipment | $3,543,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,634,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,889,776 |
| Total assets | $36,578,270 |
| Accounts payable and accrued expenses | $3,302,488 |
| Grants payable | $0 |
| Deferred revenue | $11,464,684 |
| 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 | $2,700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,785,455 |
| Total liabilities | $25,252,627 |
| Net assets without donor restrictions | $11,325,643 |
| 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 | $36,578,270 |
Grants Awarded
Over the last fiscal year, National Apartment Association has awarded $225,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: FOUNDATION SUPPORT | $200,000 |
Austin, TX PURPOSE: FOUNDATION SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Home Builders Of The United States Washington, DC | $117,181,599 | $47,272,832 |
National Apartment Association Arlington, VA | $36,578,270 | $34,472,867 |
Leadingage Inc Washington, DC | $34,986,280 | $17,783,069 |
National Housing Center Corp Washington, DC | $55,551,825 | $8,807,162 |
National American Indian Housing Council Washington, DC | $5,348,139 | $3,809,714 |
National Association Of Residential Property Managers Chesapeake, VA | $7,197,610 | $3,141,683 |
Public Housing Authorities Directors Association Washington Dc, DC | $6,101,461 | $2,791,595 |
Association Of Foreign Investors In Real Estate Washington, DC | $2,165,663 | $2,052,109 |
Stewards Of Affordable Housing For The Future Washington, DC | $4,750,399 | $3,265,921 |
Nahma Inc Alexandria, VA | $1,371,765 | $1,737,919 |
Wake County Continuum Of Care Raleigh, NC | $296,436 | $1,664,133 |
Greater Louisville Association Of Realtors Inc Louisville, KY | $9,529,127 | $1,361,558 |