Association Of Progressive Rental Organizations
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Austin, TX
- Founding
- 05/1981
- Data as of
- 11/2023
- EIN
- 74-2139872
Organization Overview
Association Of Progressive Rental Organizations is located in Austin, TX. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 11/2023, Association Of Progressive Rental Organizations employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Progressive Rental Organizations 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 11/2023, Association Of Progressive Rental Organizations generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.0m during the year ending 11/2023. While expenses have increased by 1.2% per year over the past 7 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
APRO IS COMMITTED TO BEING THE NATIONAL RENTAL-PURCHASE TRADE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION AND TRADE SHOW WHICH PROVIDES NETWORKING OPPORTUNITIES, ACCESS TO VENDORS SERVICING THE INDUSTRY AND EDUCATION SESSIONS FOR MEMBERS.
INDUSTRY RESEARCH - APRO HELPS MEMBERS FINE-TUNE THEIR BUSINESS IMAGE AND DEVELOPE STRATEGIES THROUGH MARKET RESEARCH AND OTHER STUDIES.
GONVERMENT RELATIONS AND PUBLIC INFORMATION - APRO CONTINUOUSLY MONITORS ALL LAWS AND REGULATIONS THAT AFFECT THE RTO INDUSTRY.
MEMBER PUBLICATIONS - APRO KEEPS MEMBERS INFORMED WITH A QUARTERLY MAGAZINE, DIGITAL NEWSLETTER, INFORMATIVE WEBSITE AND MEMBER NEWS ALERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Smitherman CEO (06/23-1 | Officer | 40 | $0 |
Jill Mcclure CEO (12/22-0 | Officer | 40 | $223,933 |
Jamie Power Interim CEO | Officer | 40 | $84,496 |
David P David Past Pres 12 | OfficerTrustee | 1 | $0 |
Michael Bennett President | OfficerTrustee | 1 | $0 |
Adam Sutton 1st VP 12/22 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rk Culinary Group Llc Food And Bev. | 11/29/23 | $159,926 |
Matinec Winn Vickers Pc Legal Services | 11/29/23 | $111,426 |
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 | $2,106,022 |
| Investment income | $58,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,276 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,190,144 |
| 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. | $183,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,066 |
| Payroll taxes | $48,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,365 |
| Fees for services: Accounting | $13,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,903 |
| Fees for services: Other | $63,994 |
| Advertising and promotion | $22,887 |
| Office expenses | $37,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,022 |
| Travel | $20,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $812,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,801 |
| All other expenses | $22,148 |
| Total functional expenses | $2,005,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,199 |
| Savings and temporary cash investments | $1,112,105 |
| 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 | $33,724 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $805,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,992,054 |
| Accounts payable and accrued expenses | $6,649 |
| 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 | $12,812 |
| Total liabilities | $19,461 |
| Net assets without donor restrictions | $1,972,593 |
| 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 | $1,992,054 |