Greater Fayetteville Apartment Association
- Assets
- $123.0k
- Revenue
- $226.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, NC
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 61-1811442
Organization Overview
Greater Fayetteville Apartment Association is located in Fayetteville, NC. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Greater Fayetteville Apartment 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 12/2022, Greater Fayetteville Apartment Association generated $226.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $194.9k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER FAYETTEVILLE APARTMENT ASSOCIATION STRIVES TO SERVE ITS MEMBERS BY ENRICHING MULTIFAMILY HOUSING EXPERTISE THROUGH EDUCATION AND PROVIDING SUPPORT USING LEADERSHIP AND RESOURCES, WHILST MAINTAINING OUR COMMITMENT TO THE PROGRESSION OF GREATER FAYETTEVILLE AND ITS NEIGHBORING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONPLANNED DESIGNATION COURSES, MAINTENANCE CERTIFICATION CLASSES, AND HOSTED VARIOUS SEMINARS TAUGHT BY CERTIFIED INSTRUCTORS ON RELEVANT TOPICS. COLLECTED INPUT FROM MEMBERS ON FUTURE PLANNING RECOMMENDATIONS AND INTERESTS.COMMITTEE MEMBERS HAVE ATTENDED TRAINING OFFERED BY NAA ON DIVERSITY & INCLUSION. CREATED AND CONTINUED TO DEVELOP THE GFAA DIVERSITY & INCLUSION SCHOLARSHIP AND BRAINSTORMED HOW TO BETTER EDUCATE THE GFAA MEMBERS IN THESE AREAS, RAISE AWARENESS, AND OFFER TRAINING CLASSES TO MAKE US MORE DIVERSE.
COMMUNITY OUTREACHPROMOTION OF THE GFAA, AND ITS UPCOMING EVENTS, CLASSES, ETC. ON SOCIAL MEDIA. CREATED NEW IDEAS FOR CONTESTS, FLYERS, POSTS, AND MORE TO PROMOTE ATTENDANCE. PLANNED UPCOMING EVENTS THROUGHOUT THE YEAR AND HOSTED THE ANNUAL HOLIDAY PARTY. NETWORKED IN 6 COUNTIES TO FIND NEW PROSPECTS AND ESTABLISHED NETWORKING EVENTS TO GET PEOPLE TOGETHER DURING THE SPRING AND SUMMER. ATTENDED CHAMBERS AND REALTOR EVENTS FOR YEAR-ROUND EXPOSURE.CREATED A RELATIONSHIP WITH THE ANNUAL CHARITY OF THE YEAR. INVOLVED MEMBERS IN SUPPORTING THE CHARITY'S NEEDS (DONATIONS, ITEMS, AND IN-PERSON VOLUNTEERING) AND PROMOTED THE CHARITY'S EVENTS.
ADVOCACY PROMOTED ADVOCACY FOR THE GFAA, AANC AND NAA, AND THE PAC'S. RESPONDED TO LEGISLATIVE CALLS TO ACTION AND KEPT MEMBERS AWARE OF PENDING LEGISLATIVE CONCERNS. ATTENDED THE AANC LEGISLATIVE & EDUCATION CONFERENCE IN RALEIGH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Gonzales President | OfficerTrustee | 1 | $0 |
Nana Bentsi-Enchill Vice President | OfficerTrustee | 1 | $0 |
Karen Perkins Governance And Bylaws | Trustee | 1 | $0 |
Emilee Williamson Education Chair | Trustee | 1 | $0 |
Brenda Leidholdt Secretary | OfficerTrustee | 1 | $0 |
Kris Kenney Operator Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,808 |
| 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 | $145,808 |
| Total Program Service Revenue | $63,171 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,434 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,058 |
| Office expenses | $13,884 |
| Information technology | $2,415 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,002 |
| All other expenses | $0 |
| Total functional expenses | $194,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,963 |
| Savings and temporary cash investments | $75,058 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,021 |
| Accounts payable and accrued expenses | $1,110 |
| 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 | $0 |
| Total liabilities | $1,110 |
| Net assets without donor restrictions | $121,911 |
| 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 | $123,021 |