Community Associations Institute
- Assets
- $111.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Richmond, VA
- Founding
- 05/1979
- Data as of
- 12/2021
- EIN
- 54-1510053
Organization Overview
Community Associations Institute is located in Richmond, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Associations Institute 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, Community Associations Institute generated $95.7k 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 (9.4%) each year. All expenses for the organization totaled $113.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, NETWORKING, RESOURCES AND ADVOCACY FOR COMMUNITY ASSOCIATIONS AND THE PROFESSIONALS AND VOLUNTEERS WHO SERVE THEM
Describe the Organization's Program Activity:
Part 3
SEMINARS ARE OFFERED TO MEMBERS TO PROVIDE EDUCATION ON ISSUES AFFECTING CONDOMINIUM, COOPERATIVE AND HOMEOWNERS ASSOCIATIONS. THIS INCLUDES ADMINISTERING THE ANNUAL "VIRGINIA LEADERSHIP RETREAT" IN CONJUNCTION WITH THREE OTHER CAI CHAPTERS WITHIN THE COMMONWEALTH OF VIRGINIA. THE EVENT IS OPEN TO ALL COMMUNITY ASSOCIATION MANAGERS, MANAGEMENT COMPANY OWNERS AND BUSINESS PARTNER PROFESSIONAL MEMBERS. THE EDUCATIONAL SESSIONS ARE ADVANCED IN NATURE AND ARE DESIGNED TO DEVELOP THE CAREER PATHS OF THOSE WITH PREVIOUS MANAGEMENT EXPERIENCE. COURSES OFFERED WILL MEET CAMICB AND CAI WITH NINE HOURS OF CONTINUING EDUCATION CREDITS FOR COMMUNITY ASSOCIATION MANAGERS. THE INCOME AND EXPENSES RELATED TO THE VIRGINIA LEADERSHIP RETREAT TOTALED 82,815 AND 85,674, RESPECTIVELY, FOR THE YEAR ENDED DECEMBER 31, 2017, AND HAVE BEEN INCLUDED IN CAI - CENTRAL VIRGINIA CHAPTER'S OPERATING RESULTS. THE VIRGINIA LEADERSHIP RETREAT BEGAN IN 2009 AND HAS SINCE ACCUMULATED CASH OF 29,086 WHICH IS INCLUDED IN CAI - CENTRAL VIRGINIA CHAPTER'S NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2017. THIS CASH IS NOT AVAILABLE FOR THE USE OF THE CHAPTER AND IS EXPECTED TO BE TRANSFERRED TO ANOTHER CHAPTER DURING THE YEAR ENDED DECEMBER 31, 2018.
NEWSLETTERS ARE MAILED TO MEMBERS PROVIDING INFORMATION ON CONDOMINIUM, COOPERATIVE AND HOMEOWNERS ASSOCIATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Coppage Chapter Exec | 40 | $50,577 | |
Bruce Haring President | 1 | $0 | |
Lesley Rigney Vice Preside | 1 | $0 | |
Timothy O'connor Secretary | 1 | $0 | |
Tiffany Brown Treasurer | 1 | $0 | |
Rick Beers President-El | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,439 |
| Membership dues | $38,293 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,732 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,514 |
| Professional fees and other payments to independent contractors | $3,611 |
| Occupancy, rent, utilities, and maintenance | $916 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,804 |
| Total expenses | $113,845 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,381 |
| Other assets | $0 |
| Total assets | $111,132 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,132 |
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 |