Florida Apartment Association Inc
- Assets
- $3.1m
- Revenue
- $7.0m
- Investments
- $371.5k
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 59-1309017
Organization Overview
Florida Apartment Association Inc is located in Orlando, FL. The organization was established in 1971. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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 12/2023, Florida Apartment Association Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 13.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FLORIDA APARTMENT ASSOCIATION IS A FEDERATION OF ASSOCIATIONS REPRESENTING AND ADVOCATING THE INTERESTS OF THE MULITFAMILY APARTMENT RENTAL HOUSING INDUSTRY IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLORIDA APARTMENT ASSOCIATION IS A FEDERATION OF ASSOCIATIONS REPRESENTING AND ADVOCATING THE INTERESTS OF THE MULITFAMILY APARTMENT RENTAL HOUSING INDUSTRY IN FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Novak Immediate Past President | Officer | 1 | $0 |
Jimmy Chestnut President | Officer | 1 | $0 |
Jordan Petras Secretary | Officer | 1 | $0 |
Keri Walker Pfeifer Treasurer | Officer | 1 | $0 |
Ricardo Alicea Vice President | Officer | 1 | $0 |
Keith Gibbons Fsc Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $263,496 |
| 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 | $263,496 |
| Total Program Service Revenue | $6,540,468 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $184,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,031,725 |
| 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. | $189,590 |
| Compensation of current officers, directors, key employees. | $142,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $753,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,302 |
| Office expenses | $323,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,841 |
| Travel | $115,034 |
| 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 | $28,746 |
| Insurance | $0 |
| All other expenses | $801,069 |
| Total functional expenses | $6,653,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,898 |
| Savings and temporary cash investments | $1,146,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,966 |
| 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 | $160,982 |
| Net Land, buildings, and equipment | $142,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $371,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $391,991 |
| Total assets | $3,092,638 |
| Accounts payable and accrued expenses | $284,408 |
| Grants payable | $0 |
| Deferred revenue | $58,690 |
| 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 | $388,300 |
| Total liabilities | $731,398 |
| Net assets without donor restrictions | $2,345,115 |
| Net assets with donor restrictions | $16,125 |
| 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 | $3,092,638 |