Texas Apartment Association
- Assets
- $10.5m
- Revenue
- $14.5m
- Investments
- $8.0k
- Employees
- 15
- Location
- Austin, TX
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 74-1546205
Organization Overview
Texas Apartment Association is located in Austin, TX. The organization was established in 1966. 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 12/2023, Texas Apartment Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 12/2023, Texas Apartment Association generated $14.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $14.0m during the year ending 12/2023. While expenses have increased by 5.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCEPTIONAL ADVOCACY, EDUCATION AND COMMUNICATION FOR THE TEXAS RENTAL HOUSING INDUSTRY INCLUDING ALL TYPES OF RENTAL PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASES, FORMS, AND PUBLICATIONS - THE ASSOCIATION SELLS LEASING FORMS AND SOFTWARE LEASING PROGRAMS TO ITS MEMBERS TO PROVIDE CONSISTENCY IN CONTENT AND FORMAT, COMPLY WITH TEXAS STATUTES AND RULES, AND ENHANCE OPERATIONAL EFFICIENCY. THE ASSOCIATION ALSO OFFERS PRINTED REDBOOKS AND ONLINE REDBOOKS, WHICH SIMPLIFIES THE TEXAS PROPERTY CODE AND THOSE STATUTES WHICH RELATE TO THE INDUSTRY.
LEGISLATIVE - THE ASSOCIATION IS RESPONSIBLE FOR REPRESENTING THE RENTAL HOUSING INDUSTRY BEFORE THE TEXAS LEGISLATURE AND STATE REGULATORY AGENCIES. THE ASSOCIATION ALSO MONITORS CURRENT LEGISLATION AND COMMUNICATES TO ITS MEMBERS ANY ISSUES WHICH MAY AFFECT THE INDUSTRY.EDUCATION - THE ASSOCIATION HOSTS MANY EDUCATIONAL PROGRAMS FOR ITS MEMBERS. THESE PROGRAMS INCLUDE LEGAL AND LEASING SEMINARS, CONTINUING EDUCATION, AND CERTIFICATION PROGRAMS FOR ITS MEMBERS, AS WELL AS ONLINE AND OTHER ELECTRONIC TYPE DELIVERY PROGRAMS.
MEMBER SERVICES - THE ASSOCIATION PROVIDES A NUMBER OF SERVICES TO ASSIST ITS MEMBERS WITH THEIR DAILY OPERATIONS. THE ASSOCIATION SENDS QUARTERLY MAGAZINES AND HAS A MONTHLY E-NEWSLETTER FOR MEMBERS TO KEEP THEM INFORMED OF THE LATEST INDUSTRY NEWS. THE ASSOCIATION ALSO MAINTAINS A WEBSITE TO KEEP MEMBERS INFORMED OF DEVELOPING ISSUES.
CONFERENCE AND TRADE SHOW - TAA ONE CONFERENCE & EXPO IS AN ANNUAL EVENT THAT TAKES PLACE EACH SPRING. EDUCATIONAL SESSIONS ARE AVAILABLE FOR MEMBERS AT ALL LEVELS OF THE RENTAL INDUSTRY. KEYNOTE SPEAKERS ALSO PROVIDE EDUCATION FOR THE MEMBERS. THE TRADE SHOW PROVIDES MEMBERS AND VENDORS AN OPPORTUNITY TO DISCUSS PRODUCTS AND SERVICES AVAILABLE IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demetrio Jimenez President | OfficerTrustee | 1 | $0 |
Mike Rust Secretary | OfficerTrustee | 1 | $0 |
Lori Bush VP At Large | Trustee | 1 | $0 |
Hugh Cobb Past President | Trustee | 1 | $0 |
Cayce Coon VP At Large | Trustee | 1 | $0 |
Theresa Ebner VP At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Moon Software Click & Lease Software And Management | 12/30/23 | $3,047,016 |
Omni Hotel Fort Worth Conference Expo Hotel & Event Space | 12/30/23 | $378,833 |
Pfp Sports & Celebrity Talent Conference Speakers | 12/30/23 | $334,000 |
Freeman Event A/v And Services | 12/30/23 | $519,813 |
Trinity F&b Services Conference Food & Beverage Services | 12/30/23 | $254,208 |
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 | $14,302,477 |
| Investment income | $103,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $59,472 |
| 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 | $14,483,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,255 |
| 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. | $1,400,620 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,215,061 |
| Pension plan accruals and contributions | $70,658 |
| Other employee benefits | $97,266 |
| Payroll taxes | $147,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,408 |
| Fees for services: Accounting | $77,895 |
| Fees for services: Lobbying | $132,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,283 |
| Fees for services: Other | $7,432 |
| Advertising and promotion | $103,746 |
| Office expenses | $202,524 |
| Information technology | $123,926 |
| Royalties | $0 |
| Occupancy | $137,160 |
| Travel | $238,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,534,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,626 |
| Insurance | $48,075 |
| All other expenses | $45,419 |
| Total functional expenses | $13,983,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,202 |
| Savings and temporary cash investments | $770,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $249,707 |
| 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 | $3,964,996 |
| Net Land, buildings, and equipment | $1,327,303 |
| Investments—publicly traded securities | $2,494,648 |
| Investments—other securities | $8,027 |
| Investments—program-related | $0 |
| Intangible assets | $353,842 |
| Other assets | $186,802 |
| Total assets | $10,457,259 |
| Accounts payable and accrued expenses | $554,666 |
| Grants payable | $0 |
| Deferred revenue | $5,440,615 |
| 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 | $76,002 |
| Total liabilities | $6,071,283 |
| Net assets without donor restrictions | $4,385,976 |
| 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 | $10,457,259 |
Grants Awarded
Over the last fiscal year, Texas Apartment Association has awarded $135,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NAA EDUCATION INSTITUTE PURPOSE: UNRESTRICTED PLEDGE | $100,000 |
TEXAS APARTMENT ASSOCIATION EDUCATION FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Apartment Association Austin, TX | $10,457,259 | $14,483,298 |
Epayresources Dallas, TX | $12,283,589 | $5,510,975 |
New Mexico Coalition To End Homelessness Santa Fe, NM | $1,348,487 | $4,440,518 |
Austin Apartment Association Austin, TX | $6,111,357 | $2,438,068 |
San Antonio Apartment Association Inc San Antonio, TX | $2,660,467 | $1,786,966 |
House Of Tulip New Orleans, LA | $1,042,133 | $936,819 |
Barelas Community Coalition Inc Albuquerque, NM | $122,155 | $0 |
Community For Permanent Supported Housing Richardson, TX | $50,813 | $0 |
Shine On Inc Graham, TX | $158,664 | $0 |
Rayo Planning Dallas, TX | $0 | $0 |
Ugm Calvert Cimarron Housing Alliance Inc Dallas, TX | $0 | $0 |
In Their Shoes Inc Houston, TX | $0 | $0 |
Faith Is Action Love In Action Restoration Int L Inc Red Oak, TX | $0 | $0 |
Good Neighbor Outreach Foundation Inc Humble, TX | $950,000 | $0 |