Washington Multi-Family Housing Association
- Assets
- $2.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Renton, WA
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 90-0077585
Organization Overview
Washington Multi-Family Housing Association is located in Renton, WA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Washington Multi-Family Housing Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Multi-Family Housing Association 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, Washington Multi-Family Housing Association generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 12.3% 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.
Since 2015, Washington Multi-Family Housing Association has awarded 14 individual grants totaling $398,505. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE MUTUAL SUPPORT FOR OUR MEMBERS, THE MULTIFAMILY INDUSTRY AND THE COMMUNITY. PROMOTE CAREER DEVELOPMENT BY PROVIDING QUALITY EDUCATION. ADVOCATE FOR CONDITIONS FAVORABLE TO THE MULTIFAMILY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS: THE ASSOCIATION PROVIDES CLASSROOM AND ONLINE EDUCATIONAL COURSES THROUGH THE NATIONAL APARTMENT ASSOCIATION, SUCH AS CERTIFIED APARTMENT MANAGER, CERTIFIED APARTMENT MAINTENANCE TECHNICIAN, CERTIFIED APARTMENT SUPPLIER, CERTIFIED APARTMENT PORTFOLIO SUPERVISOR AND NATIONAL APARTMENT LEASING PROFESSIONAL. THE ASSOCIATION ALSO PROVIDES PERIODIC TRAINING SEMINARS SUCH AS FAIR HOUSING, POOL MAINTENANCE, MARKETING, LEADERSHIP AND FINANCIAL MANAGEMENT.
MEMBERSHIP MEETINGS: THE ASSOCIATION WILL HAVE PERIODIC MEMBERSHIP MEETINGS AND AN ANNUAL AWARDS GALA. THE AVERAGE ATTENDANCE OF MEMBERSHIP MEETINGS IS 75. THE EMERALD AWARDS IS AN EVENT WHEREBY MEMBER COMPANIES CAN NOMINATE INDIVIDUALS FOR A VARIETY OF INDUSTRY AWARDS, SUCH AS PORTFOLIO MANAGER OF THE YEAR OR APARTMENT MANAGER OF THE YEAR. THE AVERAGE NUMBER OF NOMINEES IS 400 AND THE AVERAGE ATTENDANCE IS 1,200.
TRADE SHOWS AND CONFERENCES:THE ASSOCIATION CONDUCTS AN ANNUAL ECONOMIC FORECAST CONFERENCE CALLED WASHINGTON APARTMENT OUTLOOK INTENDED TO PROVIDE INFORMATION ON REGIONAL ECONOMIC CONDITIONS AFFECTING THE APARTMENT INDUSTRY TO APPROXIMATELY 650 MEMBERS AND OTHER INVITED GUESTS IN THE MULTI-FAMILY HOUSING INDUSTRY. THE ASSOCIATION DEVELOPS AN ANNUAL INDUSTRY TRADE SHOW AND EDUCATIONAL CONFERENCE TITLED EDUCATION CONFERENCE AND EXPOSITION. CLASSES ARE OFFERED TO MEMBER ATTENDEES ON A VARIETY OF TOPICS. AVERAGE ATTENDANCE INCLUDES 1,000 MEMBERS.
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 |
|---|---|---|---|
Tali Reiner President | OfficerTrustee | 5 | $0 |
Natasha Amira Immediate Past President | OfficerTrustee | 2 | $0 |
Ron Burkhardt Vice President (thru 06/23) | OfficerTrustee | 2 | $0 |
John Maihofer Treasurer (thru 06/23)/vp From 06/23 | OfficerTrustee | 2 | $0 |
Angie Bentler Secretary/treasurer | OfficerTrustee | 2 | $0 |
Russ Pengelly VP Of The Supplier Council | OfficerTrustee | 2 | $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 | $2,207,760 |
| Investment income | $20,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $279,273 |
| Net Rental Income | $5,675 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,554,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,683 |
| 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. | $599,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,343 |
| Payroll taxes | $102,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,222 |
| Fees for services: Accounting | $12,508 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,167 |
| Advertising and promotion | $5,393 |
| Office expenses | $194,604 |
| Information technology | $38,003 |
| Royalties | $0 |
| Occupancy | $210,693 |
| Travel | $84,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $705,114 |
| Interest | $0 |
| Payments to affiliates | $192,611 |
| Depreciation, depletion, and amortization | $32,092 |
| Insurance | $1,466 |
| All other expenses | $4,362 |
| Total functional expenses | $3,183,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,208,655 |
| Savings and temporary cash investments | $731,868 |
| 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 | $68,468 |
| Net Land, buildings, and equipment | $50,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,408 |
| Total assets | $2,098,998 |
| Accounts payable and accrued expenses | $157,094 |
| Grants payable | $17,107 |
| Deferred revenue | $97,477 |
| 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 | $30,797 |
| Total liabilities | $302,475 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,796,523 |
| Total liabilities and net assets/fund balances | $2,098,998 |
Grants Awarded
Over the last fiscal year, Washington Multi-Family Housing Association has awarded $35,683 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOMESTIC ABUSE WOMEN'S NETWORK PURPOSE: GENERAL OPERATIONS | $10,683 |
PARTNERS FOR AFFORDABLE HOUSING PURPOSE: WA RENT CONTROL DONATION | $25,000 |