Austin Apartment Association
- Assets
- $6.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 74-1673639
Organization Overview
Austin Apartment Association is located in Austin, TX. The organization was established in 1971. 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, Austin Apartment Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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, Austin Apartment Association generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. 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
PROVIDES INFO TO MEMBERS IN THE MULTIFAMILY AND RENTAL HOUSING INDUSTRY IN THE AUSTIN, TEXAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINTED MATERIALS - THE ASSOCIATION PROVIDES LEASE FORMS, REDBOOKS, AND RESEARCH MATERIALS TO THE MEMBERS SO TO ASSIST WITH THEIR DAILY OPERATIONS AND TO PROVIDE CONSISTENT, EASY TO USE FORMS FOR THE CONSUMER.
PUBLICATIONS - THE ASSOCIATION PUBLISHES A MAGAZINE AND NEWSLETTER TO KEEP ITS MEMBERS ABREAST OF ISSUES IMPORTANT TO THE APARTMENT INDUSTRY.
EDUCATION - THE ASSOCIATION PROVIDES A NUMBER OF EDUCATIONAL SEMINARS TO KEEP MEMBERS AWARE OF NEW RULES AND REGULATIONS, AND PROFESSIONAL CERTIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyndsay Hanes Cam Caps Cpm President | OfficerTrustee | 1 | $0 |
Paige Russell President Elect | OfficerTrustee | 1 | $0 |
Meagan Johnston Caps Secretary/treasurer | OfficerTrustee | 1 | $0 |
Christy Sanchez First Vice President | OfficerTrustee | 1 | $0 |
Kelsea Vernon VP At Large (mbs) | OfficerTrustee | 1 | $0 |
Kimberly Faulkner VP At Large (iii) | OfficerTrustee | 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 | $2,267,746 |
| Investment income | $118,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,422 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,115 |
| Net Income from Fundraising Events | $39,968 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,438,068 |
| 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. | $189,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,958 |
| Pension plan accruals and contributions | $13,293 |
| Other employee benefits | $46,683 |
| Payroll taxes | $58,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,511 |
| Fees for services: Accounting | $15,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,063 |
| Fees for services: Other | $49,030 |
| Advertising and promotion | $0 |
| Office expenses | $93,791 |
| Information technology | $54,061 |
| Royalties | $0 |
| Occupancy | $251,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $484,241 |
| Interest | $0 |
| Payments to affiliates | $329,092 |
| Depreciation, depletion, and amortization | $28,574 |
| Insurance | $3,511 |
| All other expenses | $8,895 |
| Total functional expenses | $2,328,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,907 |
| Savings and temporary cash investments | $206,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,357 |
| Prepaid expenses and deferred charges | $61,394 |
| Net Land, buildings, and equipment | $67,019 |
| Investments—publicly traded securities | $3,783,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,286,478 |
| Total assets | $6,111,357 |
| Accounts payable and accrued expenses | $81,742 |
| Grants payable | $0 |
| Deferred revenue | $671,592 |
| 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 | $1,349,215 |
| Total liabilities | $2,102,549 |
| Net assets without donor restrictions | $4,008,808 |
| 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 | $6,111,357 |
Grants Awarded
Over the last fiscal year, Austin Apartment Association has awarded $27,836 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: HURRICANE HARVEY DISASTER RELIEF | $8,500 |
AUSTIN APARTMENT ASSOCIATION EDUCATION FOUNDATION PURPOSE: DONATION OF SOLT ENDOWMENT FUND | $19,336 |
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 |