Central Maine Apartment Owners Association Inc
- Assets
- $85.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterville, ME
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 27-1803604
Organization Overview
Central Maine Apartment Owners Association Inc is located in Waterville, ME. The organization was established in 2011. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Maine Apartment Owners Association Inc 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 12/2022, Central Maine Apartment Owners Association Inc generated $46.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $45.7k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ACT AS AN ASSOCIATION FOR THE PURPOSES OF TAKING AN ACTIVE ROLE REGARDING ISSUES FACING THE APARTMENT OWNERS AND MANAGERS OF THE CENTRAL MAINE AREA. INCLUDING INFORMING AND ADVOCATING FOR CMAOA MEMBERS, AND EDUCATING THE GENERAL PUBLIC REGARDING THE INTERESTS OF RENTAL PROPERTY OWNERS AND MANAGERS. ALSO TO PROMOTE THE INDIVIDUAL PROPERTY AND CIVIC INTERESTS AND RIGHTS OF ALL PERSONS OR CORPORATIONS OWNING APARTMENT BUILDINGS OR RENTAL PROPERTY IN THE CENTRAL MAINE AREA. IN ADDITION, CMAOA IS TO SERVE ITS MEMBERS AS A TRADE ASSOCIATION, TO OPERATE, AND IMPROVE COMMON SERVICES, INFORMATION AND EDUCATION TO ITS MEMBERS, AND TO ENGAGE IN SUCH OTHER ACTIVITIES AS MAY BE TO THE MUTUAL BENEFIT OF THE MEMBERS OF CMAOA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Casey President | 2 | $0 | |
Tim Connelly Vice Preside | 2 | $0 | |
Justin Giroux Treasurer | 2 | $0 | |
Donna Hodges Secretary | 2 | $0 | |
Corey Ellis Director | 2 | $0 | |
Alek Fortier Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $0 |
| Membership dues | $41,225 |
| Investment income | $375 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,450 |
| Total Revenue | $46,060 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,396 |
| Professional fees and other payments to independent contractors | $2,867 |
| Occupancy, rent, utilities, and maintenance | $7,078 |
| Printing, publications, postage, and shipping | $1,337 |
| Other expenses | $21,986 |
| Total expenses | $45,664 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,280 |
| Other assets | $0 |
| Total assets | $85,280 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Better Business Bureau Of New Hampshire Inc Concord, NH | $2,701,670 | $926,407 |
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Lakes Region Builders & Remodelers Association New Hampton, NH | $113,235 | $0 |
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Orono Economic Development Corporation Orono, ME | $364,991 | $0 |
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