Community Associations Institute
- Assets
- $948.9k
- Revenue
- $739.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Wellesley, MA
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 04-2652955
Organization Overview
Community Associations Institute is located in Wellesley, MA. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community Associations Institute employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Associations Institute 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, Community Associations Institute generated $739.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $586.5k during the year ending 12/2021. 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 EDUCATE AND REPRESENT RESIDENTIAL COMMUNITY ASSOCIATIONS AND RELATED PROFESSIONALS AND SERVICE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, SEMINARS AND PROGRAMS CONDUCTED FOR ASSOCIATION HOMEOWNERS, BOARD MEMBERS, INDUSTRY PROFESSIONALS AND PROVIDERS OF ASSOCIATION PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudette Carini CEO | Officer | 40 | $197,400 |
John Kadim Vice President | OfficerTrustee | 1 | $0 |
Tony Chiarelli Treasurer | OfficerTrustee | 1 | $0 |
Tom Moriarty President | OfficerTrustee | 1 | $0 |
David Barrett Clerk | OfficerTrustee | 1 | $0 |
Andrew Costa Director | Trustee | 1 | $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 | $532,298 |
| Investment income | $2,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,221 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $357 |
| Net Income from Fundraising Events | $58,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $739,053 |
| 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. | $197,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,613 |
| Pension plan accruals and contributions | $19,704 |
| Other employee benefits | $0 |
| Payroll taxes | $23,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,733 |
| Office expenses | $25,623 |
| Information technology | $24,372 |
| Royalties | $0 |
| Occupancy | $39,982 |
| Travel | $86 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,219 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $392 |
| Insurance | $22,312 |
| All other expenses | $205 |
| Total functional expenses | $586,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,569 |
| Savings and temporary cash investments | $131,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,880 |
| 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 | $975 |
| Net Land, buildings, and equipment | $4,037 |
| Investments—publicly traded securities | $54,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,387 |
| Total assets | $948,898 |
| Accounts payable and accrued expenses | $65,539 |
| Grants payable | $0 |
| Deferred revenue | $24,260 |
| 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 | $89,799 |
| 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 | $859,099 |
| Total liabilities and net assets/fund balances | $948,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Association For Inter Cultural Affairs Inc Bronx, NY | $108,593,584 | $80,687,284 |
Eastman Community Association Grantham, NH | $24,089,251 | $7,350,665 |
Allston Brighton Comm Dev Corp Brighton, MA | $15,959,814 | $4,412,557 |
East Harlem Council For Community Improvement Inc New York, NY | $2,118,161 | $3,411,139 |
Warwick Valley Local Development Corporation Warwick, NY | $848,951 | $5,651,378 |
Radisson Community Association Inc Baldwinsville, NY | $3,036,076 | $2,758,047 |
Blue Hills Civic Association Incorporated Hartford, CT | $568,444 | $2,282,715 |
Southside Institutions Neighborhood Alliance Inc Hartford, CT | $5,370,562 | $1,765,981 |
Community Housing Improvement Program Inc New York, NY | $2,216,727 | $1,575,020 |
Good Old Lower East Side Inc New York, NY | $2,010,294 | $1,873,147 |
Agassiz Baldwin Community A Cambridge Corporation Cambridge, MA | $2,560,544 | $1,271,480 |
Washington Heights Inwood Preservation And Restoration Corpo New York, NY | $2,215,992 | $1,226,530 |