Apartment Association Of The Panhandle
- Assets
- $125.3k
- Revenue
- $225.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Amarillo, TX
- Founding
- 01/1982
- Data as of
- 05/2020
- EIN
- 75-1790074
Organization Overview
Apartment Association Of The Panhandle is located in Amarillo, TX. The organization was established in 1982. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 05/2020, Apartment Association Of The Panhandle employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Apartment Association Of The Panhandle 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 05/2020, Apartment Association Of The Panhandle generated $225.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $212.7k during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. 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
EDUCATION AND ASSISTANCE WITH APARTMENT MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFIED APARTMENT MANAGER EDUCATION. PROVIDE SEMINARS, MEETINGS, NEWSLETTERS, UPDATES IN THE LAW, AND RESOURCE MATERIALS FOR PERSONS IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janette Litz Executive Di | Officer | 40 | $84,677 |
Cindy Wilkinson Past Preside | OfficerTrustee | 1 | $0 |
Susan Webb President El | OfficerTrustee | 5 | $0 |
Christopher Garcia Secretary/tr | OfficerTrustee | 5 | $0 |
Chris Childers President | OfficerTrustee | 7 | $0 |
Rachael Ayala Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $688 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,838 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,124 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,436 |
| 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. | $84,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $401 |
| Office expenses | $21,802 |
| Information technology | $6,274 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,683 |
| Interest | $0 |
| Payments to affiliates | $20,275 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,202 |
| All other expenses | $0 |
| Total functional expenses | $212,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,888 |
| Savings and temporary cash investments | $40,407 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,295 |
| Accounts payable and accrued expenses | $713 |
| 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 | $2,250 |
| Other liabilities | $0 |
| Total liabilities | $2,963 |
| 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 | $122,332 |
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|---|---|---|
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Speck Homes Inc Oklahoma City, OK | $1,586,940 | $3,986,679 |
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Tanglewood Homes Association Inc Houston, TX | $2,297,553 | $1,937,017 |
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