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← CALIFORNIA APT ASSOCIATION

Form 990 for tax year 2024

Filed by CALIFORNIA APT ASSOCIATION.

Totals

Total revenue
$261,468,933
Total expenses
$265,432,476
Contributions and grants received
$250,667,655
Grants paid
$181,075
Program service revenue
$8,337,849
Investment income
$476,775
Other revenue
$1,986,654
Total assets, end of year
$15,566,924
Total liabilities, end of year
$5,350,969
Net assets or fund balances, end of year
$10,215,955
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $250,667,655

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,877,230 · related or exempt $7,877,230

  • 2b · Program service revenue: EDUCATION

    total $460,619 · related or exempt $460,619

  • 3 · Investment income

    total $476,775 · excluded $476,775

  • 10a · Gross sales of inventory

    $1,048,739

  • 10b · Cost of goods sold

    $10,832

  • 10c · Net income from sales of inventory

    total $1,037,907 · related or exempt $1,037,907

  • 11a · Other revenue: ADMIN FEE

    total $808,000 · related or exempt $75,000 · unrelated business $733,000

  • 11b · Other revenue: TENANT SCREENING

    total $59,688 · unrelated business $59,688

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $50,335 · excluded $50,335

  • 11d · All other revenue

    total $30,724 · related or exempt $11,786 · unrelated business $18,938

  • 11e · Other revenue, total

    $948,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $181,075

  • 5 · Compensation of officers, directors and key employees

    total $2,596,362

  • 7 · Other salaries and wages

    total $3,797,704

  • 11b · Fees: legal

    total $198,326

  • 11c · Fees: accounting

    total $56,490

  • 11d · Fees: lobbying

    total $434,584

  • 11g · Fees: other

    total $806,100

  • 13 · Office expenses

    total $31,851

  • 16 · Occupancy

    total $363,874

  • 17 · Travel

    total $92,305

  • 19 · Conferences, conventions and meetings

    total $32,679

  • 22 · Depreciation, depletion and amortization

    total $16,888

  • 23 · Insurance

    total $36,544

  • 24a · Other expenses: PAC EXPENDITURES

    total $255,743,896

  • 24b · Other expenses: INCOME TAXES

    total $10,619

  • 24c · Other expenses: DATABASE LICENSES

    total $437,540

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $168,224

  • 24e · All other expenses

    total $427,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,397,550 · end of year $1,444,987

  • 2 · Savings and temporary cash investments

    beginning of year $14,194,812 · end of year $12,862,720

  • 4 · Accounts receivable

    beginning of year $34,902 · end of year $56,613

  • 8 · Inventories for sale or use

    beginning of year $6,690 · end of year $4,597

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,525 · end of year $48,325

  • 10a · Land, buildings and equipment: cost or other basis

    $217,415

  • 10b · Land, buildings and equipment: accumulated depreciation

    $151,297

  • 10c · Land, buildings and equipment, net

    beginning of year $911 · end of year $66,118

  • 15 · Other assets

    beginning of year $1,416,932 · end of year $1,083,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,575,425 · end of year $1,294,840

  • 19 · Deferred revenue

    beginning of year $4,347,399 · end of year $4,056,129

  • 27 · Net assets without donor restrictions

    beginning of year $14,179,498 · end of year $10,215,955

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO REPRESENT THE ETHICAL MEMBERS OF THE RENTAL HOUSING INDUSTRY IN ALL ASPECTS OF GOVERNMENT AFFAIRS WITHIN THE STATE OF CALIFORNIA, AND TO PROVIDE INFORMATION, PRODUCTS AND SERVICES WHICH CONTRIBUTE TO THE SUCCESS OF THEIR BUSINESSES.

Activities or mission (Part I)

TO REPRESENT THE ETHICAL MEMBERS OF THE RENTAL HOUSING INDUSTRY WITHIN THE STATE OF CALIFORNIA

  • EDUCATION PROGRAM: THE ASSOCIATION MAINTAINS AN ARRAY OF EDUCATIONAL COURSES (80) FOR ITS MEMBERS. THE ASSOCIATION'S ARRAY OF EDUCATIONAL COURSES INCLUDES; LEGAL, GENERAL ADMINISTRATION, MARKETING AND FACILITY MANAGEMENT ASSOCIATED WITH OWNING AND OR MANAGING RESIDENTIAL HOUSING AND APARTMENTS. THE ASSOCIATIONS EDUCATIONAL COURSES WERE UTILIZED BY ITS' MORE THAN 8,700 MEMBERS. THE ASSOCIATION ALSO OFFERED A MANAGEMENT CERTIFICATION PROGRAM THAT CONTRIBUTES TO GREATER PROFESSIONALISM WITHIN THE RENTAL HOUSING AND APARTMENT INDUSTRY. 290 MEMBERS COMPLETED THE CERTIFICATION PROGRAM AND ARE CERTIFIED BY THE ASSOCIATION.

  • COMMUNICATION AND MEMBERS SERVICES: THE ASSOCIATION PROVIDED EXTENSIVE COMPLIANCE GUIDANCE REGARDING THE MANAGEMENT AND OWNERSHIP OF RESIDENTIAL RENTAL PROPERTY, INCLUDING: CALIFORNIA SPECIFIC "STANDARD OPERATIONAL FORMS" (160), THE "CALIFORNIA MANAGING RENTAL HOUSING REFERENCE BOOK", AN ARRAY OF COMPLIANCE PAPERS (250), NEWSLETTERS, PUBLICATIONS, BROCHURES, SIGNS AND OTHER REFERENCE MATERIAL TO ASSIST THE MEMBERS IN THE MANAGEMENT OF THEIR PROPERTIES. THE ASSOCIATION PROVIDES A COMPREHENSIVE WEBSITE THAT IS A PORTAL TO A VAST LIBRARY OF ASSOCIATION INFORMATION. THE CAA WEBSITE HAD APPROXIMATELY 1,200,000 VISITS TO ITS COMPLIANCE PAGE IN 2024.

  • ADVOCACY PROGRAM: THE ASSOCIATION IS RESPONSIBLE FOR MONITORING AND REPRESENTING THE RENTAL HOUSING INDUSTRY BEFORE THE STATE LEGISLATURE, STATE REGULATORY BODIES, THE COURTS AND NUMEROUS CITY GOVERNMENTS WITHIN THE STATE OF CALIFORNIA. THE ASSOCIATION ALSO PROVIDES A COMPREHENSIVE BROCHURE IN ENGLISH AND SPANISH "RENTING: A USER'S MANUAL" THAT IS DISSEMINATED BY THE ASSOCIATION TO VARIOUS ELECTED OFFICIALS' OFFICES, AND ASSISTS BOTH OWNERS AND RESIDENTS TO UNDERSTAND THEIR RIGHTS AND RESPONSIBILITIES.

As filed on the 2024 return.

Listed in Part VII

  • Cynthia Wray

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Dana David

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Adam Goldfarb

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bradley Johnson

    PRESIDENT ELECTT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bruce Rueppel

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Barry Altshuler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Eric Andresen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeff Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Keith Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Eudy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michelle Grande

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ronald Granville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Elif Kimyacioglu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joshua Labarge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joseph Lawton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Susie Lein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jake Manaster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Millham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Carter Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brad Romano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Rooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Patti Shwayder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Thomas Silva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Puneet Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Tenenbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marc Treitler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Christopher Van Ens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Nancy Whelan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas K Bannon

    CEO

    Total calculated
    $610,719
    From this org
    $583,319
    From related orgs
    $0
    Other
    $27,400
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $575,775
    Bonus
    $0
    Other
    $7,544
    Deferred
    $17,250
    Nontaxable benefits
    $10,150
    Filer's total
    $610,719
  • Laura Meadows

    CONTROLLER

    Total calculated
    $250,319
    From this org
    $227,447
    From related orgs
    $0
    Other
    $22,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,447
    Bonus
    $0
    Other
    $0
    Deferred
    $12,400
    Nontaxable benefits
    $10,472
    Filer's total
    $250,319
  • Joshua Howard

    EXECUTIVE VP LOCAL PUBLIC

    Total calculated
    $408,771
    From this org
    $381,028
    From related orgs
    $0
    Other
    $27,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,028
    Bonus
    $0
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $10,493
    Filer's total
    $408,771
  • Debra Carlton

    EVP STATE GOV'T AFFAIRS

    Total calculated
    $392,427
    From this org
    $364,971
    From related orgs
    $0
    Other
    $27,456
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $364,971
    Bonus
    $0
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $10,206
    Filer's total
    $392,427
  • Tony Bui

    SVP STATE PUBLIC AFFAIRS

    Total calculated
    $345,973
    From this org
    $319,608
    From related orgs
    $0
    Other
    $26,365
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $319,608
    Bonus
    $0
    Other
    $0
    Deferred
    $15,980
    Nontaxable benefits
    $10,385
    Filer's total
    $345,973
  • Whitney Prout

    COMPLIANCE COUNCIL

    Total calculated
    $318,262
    From this org
    $293,270
    From related orgs
    $0
    Other
    $24,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,270
    Bonus
    $0
    Other
    $0
    Deferred
    $14,686
    Nontaxable benefits
    $10,306
    Filer's total
    $318,262
  • Forrest Walsh

    VP INFORMATION TECHNOLOGY

    Total calculated
    $269,891
    From this org
    $246,586
    From related orgs
    $0
    Other
    $23,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,586
    Bonus
    $0
    Other
    $0
    Deferred
    $12,906
    Nontaxable benefits
    $10,399
    Filer's total
    $269,891
  • Victor Cao

    SENIOR VP PUBLIC AFFAIRS

    Total calculated
    $262,506
    From this org
    $240,049
    From related orgs
    $0
    Other
    $22,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,049
    Bonus
    $0
    Other
    $0
    Deferred
    $12,060
    Nontaxable benefits
    $10,397
    Filer's total
    $262,506
  • Frederick Sutton

    SENIOR VP PUBLIC AFFAIRS

    Total calculated
    $242,345
    From this org
    $220,591
    From related orgs
    $0
    Other
    $21,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,591
    Bonus
    $0
    Other
    $0
    Deferred
    $11,384
    Nontaxable benefits
    $10,370
    Filer's total
    $242,345
  • Monica Deka

    COMPLIANCE COUNCIL

    Total calculated
    $230,163
    From this org
    $211,310
    From related orgs
    $0
    Other
    $18,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,310
    Bonus
    $0
    Other
    $0
    Deferred
    $10,458
    Nontaxable benefits
    $8,395
    Filer's total
    $230,163
  • Embert Madison

    STATE ADVOCACY AND COMPLIANCE

    Total calculated
    $215,288
    From this org
    $203,860
    From related orgs
    $0
    Other
    $11,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,860
    Bonus
    $0
    Other
    $0
    Deferred
    $9,759
    Nontaxable benefits
    $1,669
    Filer's total
    $215,288
  • Anil Babbar

    SENIOR VP PUBLIC AFFAIRS

    Total calculated
    $213,937
    From this org
    $203,195
    From related orgs
    $0
    Other
    $10,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,195
    Bonus
    $0
    Other
    $0
    Deferred
    $10,160
    Nontaxable benefits
    $582
    Filer's total
    $213,937

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • TO HELP CONTINUE TO SUPPORT THE ORGANIZATIONS EFFORTS OF EDUCATION AND ADVOCACY THROUGH THE NATIONS LARGEST STATEWIDE LGBTQ CIVIL RIGHTS ORGANIZATION

  • TO PROMOTE SOCIAL WELFARE BY EDUCATING THE PUBLIC AND PROVIDING A FORUM TO DISCUSS TOPICAL ISSUES OF COMMUNITY INTEREST

  • TO PROMOTE AND SUPPORT THE DEVELOPMENT OF WOMEN IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.

  • TO PROMOTE EMOTIONAL AND FINANCIAL ASSISTANCE TO FAMILIES OF FALLEN FIREFIGHTERS.

  • TO PROMOTE AND SUPPORT BUILDING PROFESSIONAL NETWORKS AND FELLOWSHIP AMONG WOMEN IN THE CALIFORNIA CAPITOL COMMUNITY.

  • TO PROMOTE AND ENHANCE THE ECONOMIC VITALITY OF THE GREATER SAN FERNANDO VALLEY REGION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CALIFORNIA APARTMENT ASSOCIATION PAC

    527 · STATE AND LOCAL ELECTION ACTIVITY · CA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CALIFORNIA RENTAL HOUSING SERVICES CORPORATION

    C · ASSOCIATION MANAGEMENT · CA · 100% owned · share of income -$3,638 · share of assets $477,114 · controlled entity

    Directly controlled by CALIFORNIA APARTMENT ASSOCIATION

  • CAA RENTAL HOUSING INSURANCE BROKERS INC

    C · BROKERS INSURANCE · CA · 100% owned · share of income $15,423 · share of assets $179,970 · controlled entity

    Directly controlled by CALIFORNIA RENTAL HOUSING SERVICES CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543119349301334

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