American Rental Association
- Assets
- $761.1k
- Revenue
- $143.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Moline, IL
- Founding
- 12/1984
- Data as of
- 06/2022
- EIN
- 74-1866443
Organization Overview
American Rental Association is located in Moline, IL. The organization was established in 1984. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Rental 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 06/2022, American Rental Association generated $143.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $110.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
THE ORGANIZATION IS A TRADE ASSOCIATION THAT PROMOTES THE RENTAL INDUSTRY IN TEXAS BY HOLDING VARIOUS CONVENTIONS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE CONTINUING EDUCATION AND AWARENESS OF CURRENT DEVELOPMENTS WITHIN THE INDUSTRY THROUGH ASSOCIATION PUBLICATIONS AND DEVELOPS LEGISLATIVE AND REGULATORY INITIATIVES TO MONITOR AND SUPPORT LEGISLATION AND/OR REGULATIONS OF DIRECT INTREST TO THE INDUSTRY THROUGH RENTAL ASSOCIATION CONVENTIONS AND EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Kitchens President | Officer | 1 | $0 |
Dillon Hughes Immediate Past President | Officer | 1 | $0 |
Stephanie Ybarra-Alberti Secretary | Officer | 1 | $0 |
Gary Jones Jr Vice President | Officer | 1 | $0 |
Amanda Jones Treasurer | Officer | 1 | $0 |
Brandon Marrs 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 | $129,272 |
| Investment income | $14,351 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,623 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $804 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,072 |
| All other expenses | $0 |
| Total functional expenses | $110,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,362 |
| 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 | $1,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $636,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $761,115 |
| Accounts payable and accrued expenses | $62,122 |
| Grants payable | $0 |
| Deferred revenue | $7,359 |
| 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 | $6,158 |
| Total liabilities | $75,639 |
| Net assets without donor restrictions | $685,476 |
| 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 | $761,115 |
Grants Awarded
Over the last fiscal year, American Rental Association has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Moline, IL PURPOSE: LEGAL | $15,000 |
Moline, IL PURPOSE: LEGAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |