Apartment Association Of Fort Wayne Inc
- Assets
- $534.7k
- Revenue
- $112.3k
- Investments
- $387.0k
- Employees
- 2
- Location
- Fort Wayne, IN
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 31-0958745
Organization Overview
Apartment Association Of Fort Wayne Inc is located in Fort Wayne, IN. The organization was established in 1987. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Apartment Association Of Fort Wayne Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apartment Association Of Fort Wayne 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, Apartment Association Of Fort Wayne Inc generated $112.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $130.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND RESOURCES TO OUR COMMUNITY, LEGISLATIVELY ADVOCATE ON BEHALF OF THE RENTAL HOUSING INDUSTRY AND PROMOTE AN EDUCATED AND SKILLED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - OFFERING EDUCATION TO APARTMENT COMMUNITY MANAGERS, LEASING CONSULTANTS, AND MAINTENANCE STAFF AS WELL AS THOSE THAT OWN AND OPERATE THEIR OWN INDEPENDENT RENTALS. IN 2022, 201 STUDENTS PARTICIPATED IN SEMINARS AND CFC CERTIFICATION CLASSES VIRTUALLY.
PUBLICATIONS - NEWSLETTER, MEMBERSHIP DIRECTORY - KEEPING MEMBERS UP TO DATE ON TRENDS IN RENTAL HOUSING, INFORMED ABOUT CHANGES IN ORDINANCES AND REGULATIONS AFFECTING HOUSING, AND CONNECTED TO OTHER MEMBERS IN THE AAFW - NEI NETWORK.
EVENTS/MEETINGS PROVIDING NETWORKING OPPORTUNITIES FOR MEMBERS. BREAKFAST CONNECTIONS WERE HELD IN PERSON IN 2022. 267 ATTENDEES AT EITHER BREAKFAST/LUNCHEON CONNECTIONS OR AFTER HOUR MEETING IN JANUARY THROUGH DECEMBER. ANNUAL GOLF OUTING HELD WITH 75 ATTENDEES (GOLFERS, VOLUNTEERS, AND SPONSORS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Meyer Executive Di | Officer | 40 | $67,950 |
Michele West President | OfficerTrustee | 2 | $0 |
David Lamb Vice Preside | OfficerTrustee | 2 | $0 |
Amy Jacobowitz Secretary | OfficerTrustee | 2 | $0 |
Angela Rose Treasurer | OfficerTrustee | 2 | $0 |
Patricia Mckinney Director | Trustee | 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 | $3,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,670 |
| Total Program Service Revenue | $102,723 |
| Investment income | $5,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| 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 | $112,331 |
| 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. | $68,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $735 |
| Payroll taxes | $5,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $462 |
| Office expenses | $4,099 |
| Information technology | $1,466 |
| Royalties | $0 |
| Occupancy | $8,483 |
| Travel | $415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,983 |
| Insurance | $679 |
| All other expenses | $0 |
| Total functional expenses | $130,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,906 |
| Savings and temporary cash investments | $111,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,208 |
| 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 | $0 |
| Net Land, buildings, and equipment | $87 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $387,018 |
| Investments—program-related | $0 |
| Intangible assets | $3,194 |
| Other assets | $0 |
| Total assets | $534,701 |
| Accounts payable and accrued expenses | $22 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $100 |
| Total liabilities | $122 |
| Net assets without donor restrictions | $534,579 |
| 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 | $534,701 |