Florida Apartment Association Inc
- Assets
- $2.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Orlando, FL
- Founding
- 04/1971
- Data as of
- 12/2021
- 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. As of 12/2021, Florida Apartment Association Inc employed 7 individuals. 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 12/2021, Florida Apartment Association Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 11.8% 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
THE FLORIDA APARTMENT ASSOCIATION IS A FEDERATION OF ASSOCIATIONS REPRESENTING AND ADVOCATING THE INTERESTS OF THE MULTIFAMILY APARTMENT RENTAL HOUSING INDUSTRY IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANDARD LEASE - TO SIMPLIFY AND STANDARDIZE THE APARTMENT LEASE ON FLORIDA, FAA AND NAA HAVE DEVELOPED A STANDARD LEASE FOR THE USE OF FLORIDA MULTIHOUSING OWNERS NAD MANAGERS. ONLY MEMBERS OF FAA MAY PURCHASE AND USE THE SITE LICENSE TO PREPARE LEASES EFFICIENTLY AND IN COMPLIANCE WITH THE LATEST LEGISLATION.
EDUCATION CONFERENCE - FAA'S ANNUAL EDUCATION CONFERENCE & TRADE SHOW PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES THAT ARE NOT AVAILABLE THROUGH THE LOCAL ASSOCIATIONS. THIS IS ONE OF THE PREMIER STATE MULTI-HOUSING INDUSTRY EVENTS IN THE STATE OF FLORIDA, BRINGING IN STATE AND NATIONAL SPEAKERS.
ALL OTHER REGISTRATION, SCHOLARSHIPS, SPONSORSHIPS, AND FEES. THE ASSOCIATION PARTNERS WITH THE STATE DEPARTMENT OF HEALTH AND BUREAU OF TOBACCO FREE FLORIDA TO EDUCATE OWNERS AND MANAGERS OF FLORIDA PROPERTIES ON SMOKE-FREE POLICIES AND ISSUES. INFORMATIONAL PRESENTATIONS ARE HELD AT LOCAL AFFILIATES THROUGHOUT THE YEAR TO HELP THE AFFILIATES ADOPT AND ADMINISTER SMOKE-FREE POLICIES AND TO HELP THEM ACHIEVE SMOKE-FREE CERTIFICATIONS FOR THEIR RESPECTIVE PROPERTIES. THE ASSOCIATION HAS RECEIVED GRANTS FROM THE STATE GOVERNMENT TO HELP WITH THE ADMINISTRATION OF THIS PROGRAM TO IT'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Gold Exec VP | Trustee | 40 | $161,070 |
Kimberly Maggard President | Trustee | 1 | $0 |
Katie Wrenn Immed Past Pres | Trustee | 0 | $0 |
Ricardo Alicea Secretary | Trustee | 1 | $0 |
Justin Frost Fsc Chairman | Trustee | 0 | $0 |
Lindsey Mcclain Aec Chairman | Trustee | 1 | $0 |
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 | $5,182,237 |
| Investment income | $3,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,209,574 |
| 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. | $161,070 |
| Compensation of current officers, directors, key employees. | $18,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,927 |
| 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 | $93,562 |
| Office expenses | $59,104 |
| Information technology | $220,298 |
| Royalties | $0 |
| Occupancy | $72,068 |
| Travel | $57,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $544,984 |
| Interest | $849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,365 |
| Insurance | $16,348 |
| All other expenses | $55,220 |
| Total functional expenses | $4,653,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,873 |
| Savings and temporary cash investments | $1,442,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,705 |
| 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 | $140,411 |
| Net Land, buildings, and equipment | $190,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,791 |
| Total assets | $2,248,938 |
| Accounts payable and accrued expenses | $24,522 |
| Grants payable | $0 |
| Deferred revenue | $53,724 |
| 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 | $14,336 |
| Total liabilities | $92,582 |
| Net assets without donor restrictions | $2,140,374 |
| Net assets with donor restrictions | $15,982 |
| 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 | $2,248,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carrfour Supportive Housing Inc Miami, FL | $81,747,585 | $17,403,027 |
Southeast Alabama Community Action Partnership Inc Enterprise, AL | $872,465 | $5,704,500 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Florida Apartment Association Inc Orlando, FL | $2,248,938 | $5,209,574 |
Cornerstone Christian Center Of Homestead Florida Inc Cutler Bay, FL | $348,385 | $3,241,114 |
Melvin J & Claire Levine Jewish Residential & Fmly Srvc Of Palm Be West Palm Beach, FL | $1,927,835 | $2,953,195 |
One Roof Birmingham, AL | $634,868 | $2,365,347 |
Pinellas Affordable Living Inc St Petersburg, FL | $23,875,454 | $1,660,928 |
Southwest Florida Affordablehousing Choice Foundation Inc Fort Myers, FL | $17,591,096 | $4,902,368 |
L Arche Jacksonville Inc Jacksonville, FL | $2,089,376 | $1,488,359 |
A M E Housing Agency Of Florida Inc Jacksonville, FL | $4,745,642 | $1,865,895 |
New Pilgrim Homes Inc Birmingham, AL | $4,030,690 | $1,672,643 |