Apartment Association Of The Panhandle
- Assets
- $184.8k
- Revenue
- $220.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Amarillo, TX
- Founding
- 01/1982
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Apartment Association Of The Panhandle generated $220.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $237.6k 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
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 Director | Officer | 40 | $37,754 |
Elexi Norton Executive Director | Officer | 40 | $48,722 |
Tony Link President | OfficerTrustee | 7 | $0 |
Becky Taylor President Elect | OfficerTrustee | 5 | $0 |
Angelica Silvas Secretary/treasurer | OfficerTrustee | 5 | $0 |
Christopher Garcia Immediate Past President | OfficerTrustee | 5 | $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 | $187,148 |
| Investment income | $1,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,525 |
| 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. | $86,476 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $886 |
| Office expenses | $30,979 |
| Information technology | $8,912 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,401 |
| All other expenses | $0 |
| Total functional expenses | $237,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,659 |
| Savings and temporary cash investments | $62,632 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,554 |
| Total assets | $184,845 |
| Accounts payable and accrued expenses | $1,985 |
| 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 | $49,795 |
| Total liabilities | $51,780 |
| Net assets without donor restrictions | $130,815 |
| Net assets with donor restrictions | $2,250 |
| 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 | $184,845 |