Atlanta Apartment Association Inc
- Assets
- $8.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Atlanta, GA
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 58-1225117
Organization Overview
Atlanta Apartment Association Inc is located in Atlanta, GA. The organization was established in 1985. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Atlanta Apartment Association Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Apartment Association Inc 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, Atlanta Apartment Association Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 0.0% 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 PROVIDE EDUCATIONAL OPPORTUNITIES TO CREATE AND MAINTAIN A PROFESSIONAL INDUSTRY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT AFFAIRS REPRESENTATION: DEVELOPED POSITIVE RELATIONSHIPS WITH LOCAL, COUNTY AND STATE LEADERS.
EDUCATION: IN SPITE OF THE PANDEMIC, THE ORGANIZATION CONTINUED TO PROVIDE PROFESSIONAL DEVELOPMENT COURSES VIA ONLINE PLATFORMS RATHER THAN USING IN-PERSON CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Fowler President | Officer | 40 | $268,985 |
Mark Sullivan Controller | 40 | $164,249 | |
Michael Pennington Vice President | Officer | 40 | $130,137 |
Stephen Davis Government Affairs Director | 40 | $108,412 | |
Chelsea Juras Dir. Of Pr & Advoc | 40 | $100,204 | |
Melissa White Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,711 |
| Total Program Service Revenue | $3,675,822 |
| Investment income | $33,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,849 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,087,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $399,122 |
| Compensation of current officers, directors, key employees. | $141,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $942,448 |
| Pension plan accruals and contributions | $73,609 |
| Other employee benefits | $100,028 |
| Payroll taxes | $94,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,068 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $174,719 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,711 |
| Fees for services: Other | $285,661 |
| Advertising and promotion | $41,813 |
| Office expenses | $62,702 |
| Information technology | $20,670 |
| Royalties | $0 |
| Occupancy | $222,338 |
| Travel | $20,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,815 |
| Insurance | $30,369 |
| All other expenses | $183,800 |
| Total functional expenses | $3,348,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,639 |
| Savings and temporary cash investments | $1,252,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,881 |
| 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 | $36,485 |
| Net Land, buildings, and equipment | $395,550 |
| Investments—publicly traded securities | $4,656,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $772,437 |
| Total assets | $7,985,482 |
| Accounts payable and accrued expenses | $224,488 |
| Grants payable | $0 |
| Deferred revenue | $1,532,049 |
| 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 | $1,105,754 |
| Total liabilities | $2,862,291 |
| Net assets without donor restrictions | $5,123,191 |
| 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 | $7,985,482 |
Grants Awarded
Over the last fiscal year, Atlanta Apartment Association Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MLK MEMORIAL STATUE PURPOSE: CONTRIBUTION | $25,000 |
Arlington, VA PURPOSE: ASSISTANCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlanta Apartment Association Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Hugh M Inman Foundation Inc Atlanta, GA PURPOSE: PROVIDE OPERATING FUNDS FOR THE CHARITY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Apartment Association Inc Atlanta, GA | $7,985,482 | $4,087,197 |
Southeastern Affordable Housing Management Association Inc Decatur, GA | $3,339,035 | $1,105,572 |
Georgia Affordable Housing Coalition Inc Atlanta, GA | $717,770 | $441,841 |
Kinston Ecumenical Housing Corporation Kinston, NC | $735,422 | $335,257 |
Our Place Nashville Nashville, TN | $263,748 | $400,032 |
Common Ground Project Inc Melbourne, FL | $160,940 | $0 |
Tep Inc St Augustine, FL | $2,528,664 | $400,479 |
A Lotta Love Inc Chapel Hill, NC | $175,104 | $0 |
Streets Of Paradise Inc Sarasota, FL | $138,146 | $0 |
One Voice Shelter Coalition Opelika, AL | $422,070 | $0 |
National Association Of Manufactured Home Owners Jacksonville, FL | $62,158 | $39,240 |
Citizens For Home Rule Inc Knoxville, TN | $108,564 | $13 |