California Apt Association
- Assets
- $20.1m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Sacramento, CA
- Founding
- 07/1943
- Data as of
- 12/2023
- EIN
- 95-2829075
Organization Overview
California Apt Association is located in Sacramento, CA. The organization was established in 1943. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, California Apt Association employed 26 individuals. This organization is the central organization for a national or regional group of organizations. California Apt 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, California Apt Association generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $23.4m during the year ending 12/2023. While expenses have increased by 13.0% 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 2014, California Apt Association has awarded 67 individual grants totaling $1,450,300. 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
TO REPRESENT THE ETHICAL MEMBERS OF THE RENTAL HOUSING INDUSTRY WITHIN THE STATE OF CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM: THE ASSOCIATION MAINTAINS AN ARRAY OF EDUCATIONAL COURSES (50) FOR ITS MEMBERS. THE ASSOCIATION'S ARRAY OF EDUCATIONAL COURSES INCLUDES; LEGAL, GENERAL ADMINISTRATION, MARKETING AND FACILITY MANAGEMENT ASSOCIATED WITH OWNING AND OR MANAGING RESIDENTIAL HOUSING AND APARTMENTS. THE ASSOCIATIONS EDUCATIONAL COURSES WERE UTILIZED BY ITS' MORE THAN 8,500 MEMBERS. THE ASSOCIATION ALSO OFFERED A MANAGEMENT CERTIFICATION PROGRAM THAT CONTRIBUTES TO GREATER PROFESSIONALISM WITHIN THE RENTAL HOUSING AND APARTMENT INDUSTRY. 300 MEMBERS COMPLETED THE CERTIFICATION PROGRAM AND ARE CERTIFIED BY THE ASSOCIATION.
COMMUNICATION AND MEMBERS SERVICES: THE ASSOCIATION PROVIDED EXTENSIVE COMPLIANCE GUIDANCE REGARDING THE MANAGEMENT AND OWNERSHIP OF RESIDENTIAL RENTAL PROPERTY, INCLUDING: CALIFORNIA SPECIFIC "STANDARD OPERATIONAL FORMS" (275), THE "CALIFORNIA MANAGING RENTAL HOUSING REFERENCE BOOK", AN ARRAY OF COMPLIANCE PAPERS (150), NEWSLETTERS, PUBLICATIONS, BROCHURES, SIGNS AND OTHER REFERENCE MATERIAL TO ASSIST THE MEMBERS IN THE MANAGEMENT OF THEIR PROPERTIES. THE ASSOCIATION PROVIDES A COMPREHENSIVE WEBSITE THAT IS A PORTAL TO A VAST LIBRARY OF ASSOCIATION INFORMATION. THE CAA WEBSITE HAD APPROXIMATELY 1,300,000 VISITS TO ITS COMPLIANCE PAGE IN 2023.
ADVOCACY PROGRAM: THE ASSOCIATION IS RESPONSIBLE FOR MONITORING AND REPRESENTING THE RENTAL HOUSING INDUSTRY BEFORE THE STATE LEGISLATURE, STATE REGULATORY BODIES, THE COURTS AND NUMEROUS CITY GOVERNMENTS WITHIN THE STATE OF CALIFORNIA. THE ASSOCIATION ALSO PROVIDES A COMPREHENSIVE BROCHURE IN ENGLISH AND SPANISH "RENTING: A USER'S MANUAL" THAT IS DISSEMINATED BY THE ASSOCIATION TO VARIOUS ELECTED OFFICIALS' OFFICES, AND ASSISTS BOTH OWNERS AND RESIDENTS TO UNDERSTAND THEIR RIGHTS AND RESPONSIBILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Wray President | OfficerTrustee | 5 | $0 |
Bradley Johnson President Elect | OfficerTrustee | 2 | $0 |
Dana David Vice President | OfficerTrustee | 2 | $0 |
Bruce Rueppel Secretary/treasurer | OfficerTrustee | 2 | $0 |
Adam Goldfarb Immediate Past President | Trustee | 1 | $0 |
Barry Altshuler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nielsen Merksamer Parrinello & Leoni Llp Legal Consulting | 12/30/23 | $828,453 |
Deboo Communications Inc Research Consulting | 12/30/23 | $434,408 |
Forward Observer Inc Research Consulting | 12/30/23 | $190,000 |
Emrl Design Consulting | 12/30/23 | $186,102 |
Fairbank Maslin Maullin Metz & Associ Research Consulting | 12/30/23 | $153,500 |
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 | $21,854,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,854,445 |
| Total Program Service Revenue | $6,912,887 |
| Investment income | $234,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $987,081 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,902,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,350 |
| 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. | $2,338,627 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,671,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330,035 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $109,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,703,896 |
| Advertising and promotion | $0 |
| Office expenses | $21,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $373,501 |
| Travel | $103,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,327 |
| Insurance | $38,163 |
| All other expenses | $268,667 |
| Total functional expenses | $23,389,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,397,550 |
| Savings and temporary cash investments | $14,194,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,690 |
| Prepaid expenses and deferred charges | $50,525 |
| Net Land, buildings, and equipment | $911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,416,932 |
| Total assets | $20,102,322 |
| Accounts payable and accrued expenses | $1,575,425 |
| Grants payable | $0 |
| Deferred revenue | $4,347,399 |
| 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 | $5,922,824 |
| Net assets without donor restrictions | $14,179,498 |
| 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 | $20,102,322 |
Grants Awarded
Over the last fiscal year, California Apt Association has awarded $72,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING AND PROTECTING CALIFORNIA'S FUTURE PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION TO GROW BUILDING INFRASTRUCTURE AND ECONOMY IN CALIFORNIA. | $30,000 |
STREET SOCCER USA INC PURPOSE: TO SUPPORT THEIR MISSION OF ADDRESSING THE HOMELESS AND HOUSING CRISIS THROUGH CIVIC ENGAGEMENT. | $20,000 |
PLANNED PARENTHOOD AFFILIATES OF CALIFORNIA PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION TO ADVANCE THE HEALTH AND RIGHTS OF ALL PEOPLE, WORKING TIRELESSLY TO COMBAT INEQUITIES IN HISTORICALLY MARGINALIZED AND UNDER-RESOURCED COMMUNITIES. | $15,000 |
CALIFORNIA STORM OF SACRAMENTO PURPOSE: TO SUPPORT THEIR MISSION BY EMPOWERING WOMEN BY BUILDING SELF-CONFIDENCE AND LEADERSHIP SKILLS. | $7,500 |