Building Owners And Managers Association Of Los Angeles
- Assets
- $998.5k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 07/1935
- Data as of
- 12/2021
- EIN
- 95-0582340
Organization Overview
Building Owners And Managers Association Of Los Angeles is located in Los Angeles, CA. The organization was established in 1935. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Building Owners And Managers Association Of Los Angeles employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Owners And Managers Association Of Los Angeles 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 12/2021, Building Owners And Managers Association Of Los Angeles generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE VALUE IN COMMERCIAL REAL ESTATE IN THE GREATER LOS ANGELES AREA THROUGH ADVOCACY, EDUCATION AND NETWORKINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE VALUE IN COMMERCIAL REAL ESTATE IN THE GREATER LOS ANGELES AREA THROUGH ADVOCACY, EDUCATION AND NETWORKING.
MEMBERSHIP- GOAL FOR MEMBERSHIP IS TO SUPPLY BUILDING OWNERS, PROPERTY MANAGERS, AND SERVICE PROVIDERS FOR COMMERCIAL REAL ESTATE AND ORGANIZATIONS WHERE THEY CAN CONTINUE TO LEARN, UPDATE AND NETWORK WITH THEIR PEERS. THE ASSOCIATION HAD OVER 400 MEMBERS IN 2021.
PROFESSIONAL DEVELOPMENT- OUR PROFESSIONAL DEVELOPMENT PORTION OF THE ASSOCIATION IS TO PROVIDE UP TO DATE PERTINENT INFORMATION IN THE COMMERCIAL REAL ESTATE INDUSTRY. THIS INCLUDES DESIGNATION CLASSES THAT PROVIDE A DESIGNATION TO THOSE WISHING TO CONTINUE THEIR EDUCATION, REGIONAL EVENTS THAT DEAL WITH EVERYDAY TENANT / OWNER TOPICS, A TRADE SHOW FOR SERVICE PROVIDERS TO NETWORK WITH THE PROPERTY OWNERS AND MANAGERS OF THE ASSOCIATION FOR BUSINESS DEVELOPMENT. THE ASSOCIATION HELD MULIPLE PROFESSIONAL AND NETWORKING EVENTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Ware Executive Dir. | Officer | 40 | $281,387 |
Desmond Brown Membership Coordin | 40 | $132,760 | |
Tonya Burns Marketing Director | 40 | $111,342 | |
Gary Hansel Treasurer/secre | OfficerTrustee | 1 | $0 |
Dave Foley Chairman Elect | OfficerTrustee | 1 | $0 |
Joe Suzuki Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $310,000 |
| 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 | $310,000 |
| Total Program Service Revenue | $1,499,147 |
| Investment income | $114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $129,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,939,040 |
| 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. | $281,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,685 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,195 |
| Payroll taxes | $49,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,361 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,278 |
| Travel | $32,351 |
| 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 | $9,722 |
| Insurance | $22,947 |
| All other expenses | $156,236 |
| Total functional expenses | $1,797,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,387 |
| Savings and temporary cash investments | $245,458 |
| 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 | $79,981 |
| Net Land, buildings, and equipment | $3,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $998,472 |
| Accounts payable and accrued expenses | $94,289 |
| Grants payable | $0 |
| Deferred revenue | $437,973 |
| 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 | $0 |
| Total liabilities | $532,262 |
| Net assets without donor restrictions | $466,210 |
| 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 | $998,472 |
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|---|---|---|
Rancho Mission Viejo Master Maintenance Corporation Irvine, CA | $7,819,802 | $13,243,301 |
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Sun City Roseville Community Association Inc Roseville, CA | $48,765,899 | $12,073,404 |
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Summerlin South Community Association Las Vegas, NV | $6,398,781 | $8,171,493 |
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Dc Ranch Association Inc Scottsdale, AZ | $11,452,331 | $8,727,546 |
Hollywood Property Owners Alliance Hollywood, CA | $2,055,507 | $7,517,501 |
Tahoe Keys Property Owners Association South Lake Tahoe, CA | $11,789,657 | $8,910,347 |
Johnson Ranch Community Association Inc Scottsdale, AZ | $8,421,000 | $6,968,596 |