Apartment Life Inc
- Assets
- $7.7m
- Revenue
- $31.1m
- Investments
- $0.0
- Employees
- 260
- Location
- Bedford, TX
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 75-2868621
Organization Overview
Apartment Life Inc is located in Bedford, TX. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Apartment Life Inc employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apartment Life 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 12/2023, Apartment Life Inc generated $31.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $30.1m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 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
APARTMENT LIFE HELPS APARTMENT OWNERS CARE FOR RESIDENTS BY CONNECTING THEM IN RELATIONSHIPS, WHICH HELPS IMPROVE THE COMMUNITY'S FINANCIAL PERFORMANCE THROUGH ONLINE REPUTATION, RESIDENT SATISFACTION, AND RESIDENT RETENTION. LEARN MORE AT HTTP://APARTMENTLIFE.ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT LIFE CONNECTS AND BUILDS COMMUNITY BASED ON THE UNIQUE NEEDS OF THE RESIDENTS. THE PROGRAM IS DESIGNED TO HELP APARTMENT OWNERS CARE FOR RESIDENTS, AND IN TURN, IMPROVE THE COMMUNITYS FINANCIAL PRESENCE THROUGH RESIDENT RETENTION, RESIDENT SATISFACTION AND ONLINE REPUTATION. WHETHER IT'S OFFERING A LISTENING EAR WHEN A RESIDENT HAS A BAD DAY OR PROVIDING SUPPORT DURING LIFE TRANSITIONS SUCH AS JOB LOSS OR THE BIRTH OF A BABY, APARTMENT LIFE COORDINATORS ARE PASSIONATE ABOUT LOVING RESIDENTS. THEY ARE ALSO FAMILIAR WITH A BROAD NETWORK OF COMMUNITY SUPPORT PROVIDERS AND CAN PARTNER WITH YOUR ONSITE STAFF TO PROVIDE RESIDENTS THE RESOURCES THEY NEED AT JUST THE RIGHT TIME. APARTMENT LIFE COORDINATORS WORK HARD TO WELCOME NEW RESIDENTS AND HELP THEM GET PLUGGED INTO THE COMMUNITY BY INVITING THEM TO EVENTS. THERE ARE 500,000 RESIDENTS PARTICIPATING IN THE PROGRAM IN 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Kelly CEO | OfficerTrustee | 40 | $254,506 |
Kelly Kimberlin Divisional Pres. | 40 | $172,139 | |
Kelly Jones COO | Officer | 40 | $168,451 |
David Marshall Divisional Pres. | 40 | $161,264 | |
Jaclyn Ratzlaff Divisional Pres. | 40 | $159,330 | |
Kiley Sharp Divisional Pres. | 40 | $156,603 |
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 | $22,589,336 |
| Noncash contributions included in lines 1a–1f | $15,804,449 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,589,336 |
| Total Program Service Revenue | $8,020,036 |
| Investment income | $191,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,052,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,804,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $780,947 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,820,844 |
| Pension plan accruals and contributions | $114,585 |
| Other employee benefits | $4,622,986 |
| Payroll taxes | $744,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,450 |
| Fees for services: Accounting | $33,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,326 |
| Advertising and promotion | $27,680 |
| Office expenses | $664,224 |
| Information technology | $331,692 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $201,731 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $3,929 |
| Insurance | $51,410 |
| All other expenses | $7,981 |
| Total functional expenses | $30,126,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,116,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $780,004 |
| Loans from Officers, Directors, or Controlling Persons | $258,527 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $337,076 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,189,490 |
| Intangible assets | $0 |
| Other assets | $34,214 |
| Total assets | $7,715,807 |
| Accounts payable and accrued expenses | $20,281 |
| Grants payable | $0 |
| Deferred revenue | $76,525 |
| 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 | $2,720,971 |
| Total liabilities | $2,817,777 |
| Net assets without donor restrictions | $4,882,081 |
| Net assets with donor restrictions | $15,949 |
| 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 | $7,715,807 |