Greater Fayetteville Apartment Association
- Assets
- $90.2k
- Revenue
- $201.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, NC
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 61-1811442
Organization Overview
Greater Fayetteville Apartment Association is located in Fayetteville, NC. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fayetteville 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, Greater Fayetteville Apartment Association generated $201.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $183.3k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 5 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 GREATER FAYETTEVILLE APARTMENT ASSOCIATION STRIVES TO SERVE ITS MEMBERS BY ENRICHING MULTIFAMILY HOUSING EXPERTISE THROUGH EDUCATION AND PROVIDING SUPPORT USING LEADERSHIP AND RESOURCES, WHILST MAINTAINING OUR COMMITMENT TO THE PROGRESSION OF GREATER FAYETTEVILLE AND ITS NEIGHBORING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONTHE ASSOCIATION HOSTED MONTHLY EDUCATIONAL SEMINARS, AND/OR WEBINARS FOR ALL MEMBERS. SPEAKERS AND CERTIFIED INSTRUCTORS WERE BROUGHT IN TO TEACH LEGAL SEMINARS TO TEACH THE NAA LEASE AND ALL ADDENDA, FAIR HOUSING, DEBT COLLECTION, PROPERTY MANAGEMENT FINANCIALS, NEW LEASING TECHNIQUES FOR THE PANDEMIC, SUPPLIER MARKETING TRAINING FOR THE PANDEMIC, AND MAINTENANCE CERTIFICATIONS (CERTIFIED POOL OPERATOR -2 SEPARATE CLASSES- AND EPA/CFC 2 SEPARATE CLASSES). MEMBERS THAT HAVE DESIGNATIONS GIVEN BY THE NATIONAL APARTMENT ASSOCIATION RECEIVED CONTINUING EDUCATION CREDITS FOR EACH SEMINAR/WEBINAR ATTENDED. THE ASSOCIATION HELD THE FOLLOWING NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE DESIGNATION COURSES: CALP CERTIFIED APARTMENT LEASING PROFESSIONAL, HELD IN PERSON IN AUGUST 2021, HAD 7 STUDENTS. THE ASSOCIATION STARTED A NEW COMMITTEE: DIVERSITY & INCLUSION TO LEARN PROPER TERMINOLOGY AND TREATMENT OF OTHERS PERTAINING TO OUR INDUSTRY. ALSO, NAA WEBINARS IN THIS SUBJECT MATTER WERE SHARED WITH THE MEMBERSHIP FOR FURTHER TRAINING AND AWARENESS.
COMMUNITY OUTREACH MAINTAINED/RENEWED MEMBERSHIPS WITH CHAMBERS OF COMMERCE IN ALL AREAS OF OUR TERRITORIES. ATTENDED IN PERSON AND VIRTUAL MEETINGS AND EVENTS TO CONTINUE MARKETING EFFORTS. BECAME MEMBER OF THE CHAMBER IN HOPE MILLS. MAINTAINED/RENEWED MEMBERSHIP WITH THE LONGLEAF PINE REALTORS ASSOCIATION. ATTENDED THEIR ONLINE EVENTS TO CONTINUE MARKETING EFFORTS, EDUCATION AND NETWORKING. MAINTAINED SOCIAL MEDIA OUTLETS ON FACEBOOK, INSTAGRAM AND LINKED IN TO KEEP IN TOUCH WITH THE MEMBERS WHEN WE WERE NOT PERMITTED TO SEE THEM IN PERSON. ADDED CONSTANT CONTACT AS ANOTHER WAY TO DISTRIBUTE MASS EMAILS, CLASS AND EVENT FLYERS AND MONTHLY NEWSLETTERS TO OUR MEMBERSHIP.
ADVOCACY ATTENDED THE ONLINE AANC PAC RAFFLE AND DONATED A PRIZE FOR THEM TO RAFFLE OFF TO RAISE MONEY. ALL MEMBERS OF BOARD MADE PERSONAL DONATIONS TO THE AANC PAC IN JANUARY 2021. ATTENDED AANC EDUCATION AND LEGISLATIVE CONFERENCE VIRTUALLY IN MAY 2021. ATTENDED LOBBYING IN PERSON IN RALEIGH, NC IN JUNE 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Scott Executive Director | Trustee | 40 | $54,050 |
Jennifer Pittman Immediate Past President | OfficerTrustee | 1 | $0 |
Heather Gonzales President | OfficerTrustee | 1 | $0 |
Brenda Leidholdt Secretary | OfficerTrustee | 1 | $0 |
Nana Bentsi-Enchill Vice President | OfficerTrustee | 1 | $0 |
Nicole Baynes Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $125,182 |
| 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 | $125,182 |
| Total Program Service Revenue | $52,769 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,359 |
| 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 | $201,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,302 |
| Office expenses | $7,652 |
| Information technology | $9,673 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,577 |
| All other expenses | $0 |
| Total functional expenses | $183,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,157 |
| Savings and temporary cash investments | $75,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $90,170 |
| 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 | $90,170 |
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