Houston Apartment Foundation Inc
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 05/1980
- Data as of
- 12/2022
- EIN
- 74-1997269
Organization Overview
Houston Apartment Foundation Inc is located in Houston, TX. The organization was established in 1980. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Houston Apartment Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Apartment Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Houston Apartment Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $958.7k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION AND TRAINING TO THE MULTI-HOUSING INDUSTRY IN THE GREATER HOUSTON AREA.
Describe the Organization's Program Activity:
CONDUCT EDUCATIONAL COURSES AND SEMINARS TO OWNERS AND MANAGERS OF MULTI-FAMILY DEVELOPMENTS IN HOUSTON. PROVIDE EDUCATIONAL COURSES TO INDIVIDUALS WITH INTEREST IN CAREERS IN MULTI-FAMILY INTEREST. PROVIDE INFORMATION TO INDIVIDUALS ATTENDING MULTIFAMILY INDUSTRY EXPOSITION.
PROVIDE NETWORKING EVENTS TO BUSINESSES OPERATING IN MULTIFAMILY BUSINESS AND OTHER REALTED ACTIVITIES.
PROVIDE USE OF SPACE AND EQUIPMENT TO HOUSTON APARTMENT ASSOCIATION, INC. THIS ENABLES THE ASSOCIATION TO CARRYOUT ITS MISSION IN THE MULTIFAMILY HOUSING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Erwin President Elect | OfficerTrustee | 0.25 | $0 |
Sheely Watson Treasurer.secretary | OfficerTrustee | 0.25 | $0 |
Stephanie Graves President | OfficerTrustee | 0.5 | $0 |
Casey Morgan CEO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,400 |
| 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 | $51,400 |
| Total Program Service Revenue | $800,458 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,068 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,022,396 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,101 |
| Pension plan accruals and contributions | $5,794 |
| Other employee benefits | $10,111 |
| Payroll taxes | $15,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,941 |
| Office expenses | $8,716 |
| Information technology | $52,346 |
| Royalties | $0 |
| Occupancy | $72,527 |
| Travel | $10,939 |
| 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 | $62,539 |
| Depreciation, depletion, and amortization | $73,678 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $958,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,205 |
| 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 | $14,894 |
| Net Land, buildings, and equipment | $2,056,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,452 |
| Total assets | $2,549,624 |
| Accounts payable and accrued expenses | $80,005 |
| Grants payable | $11,079 |
| Deferred revenue | $6,837 |
| 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 | $77,954 |
| Total liabilities | $175,875 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,373,749 |
| 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 | $2,549,624 |
Grants Awarded
Over the last fiscal year, Houston Apartment Foundation Inc has awarded $44,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UH BAUER COLLEGE OF BUSINESS PURPOSE: REAL ESTATE SCHOOL | $9,000 |
GOODWILL INDUSTRIES PURPOSE: WORKFORCE DEVELOPMNT | $35,000 |