Houston Apartment Foundation Inc
- Assets
- $2.5m
- Revenue
- $689.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 05/1980
- Data as of
- 12/2020
- 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 12/2021, Houston Apartment Foundation Inc employed 2 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 12/2020, Houston Apartment Foundation Inc generated $689.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $769.0k during the year ending 12/2020. 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
2020
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:
Part 3 - Line 4a
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 USE OF SPACE AND EQUIPMENT TO HOUSTON APARTMENT ASSOCIATION, INC. THIS ENABLES THE ASSOCIATION TO CARRYOUT ITS MISSION IN THE MULTIFAMILY HOUSING INDUSTRY.
PROVIDE NETWORKING EVENTS TO BUSINESSES OPERATING IN MULTIFAMILY BUSINESS AND OTHER REALTED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Graves Vice President | OfficerTrustee | 0.25 | $0 |
Christy Rodriguez President | OfficerTrustee | 1 | $0 |
Gina Erwin Treasurer.secretary | OfficerTrustee | 0.25 | $0 |
Casey Morgan CEO | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,810 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,683 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $180,215 |
| Pension plan accruals and contributions | $2,243 |
| Other employee benefits | $19,634 |
| Payroll taxes | $15,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,008 |
| Advertising and promotion | $4,516 |
| Office expenses | $16,366 |
| Information technology | $52,536 |
| Royalties | $0 |
| Occupancy | $27,966 |
| Travel | $1,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $381 |
| Interest | $0 |
| Payments to affiliates | $62,538 |
| Depreciation, depletion, and amortization | $60,401 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $768,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $41,235 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,533,651 |
| Accounts payable and accrued expenses | $43,275 |
| Grants payable | $11,079 |
| Deferred revenue | $31,771 |
| 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 | $51,400 |
| Other liabilities | $600 |
| Total liabilities | $138,125 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,395,526 |
Grants Awarded
Over the last fiscal year, Houston Apartment Foundation Inc has awarded $44,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: WORKFORCE DEVELOPMNT | $35,000 |
UH BAUER COLLEGE OF BUSINESS PURPOSE: REAL ESTATE SCHOOL | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Area Contractors Safety Council Pasadena, TX | $102,679,863 | $32,993,689 |
Api Fund For Payroll Education Inc San Antonio, TX | $20,801,740 | $7,778,526 |
Texas Association Of School Business Officials Austin, TX | $13,552,555 | $8,546,890 |
Wellmed Charitable Foundation San Antonio, TX | $5,288,908 | $6,529,021 |
M E B Alliance For Educator Diversity Inc Austin, TX | $22,314,291 | $21,147,131 |
Center For American And International Law Plano, TX | $32,656,244 | $3,952,050 |
Construction Education Foundation Inc Dfw Airport, TX | $1,773,818 | $2,270,031 |
In His Image International Inc Tulsa, OK | $3,455,358 | $3,136,702 |
Rain Drop Foundation Inc Houston, TX | $11,714,066 | $2,130,496 |
Texas Liver Institute Inc San Antonio, TX | $8,384,288 | $2,734,307 |
Marcana Enterprises Inc El Paso, TX | $1,883,533 | $2,963,942 |
Transmit Receive Labs Inc Houston, TX | $1,236,102 | $2,595,127 |