Totals
- Total revenue
- $31,052,845
- Total expenses
- $30,126,166
- Contributions and grants received
- $22,589,336
- Grants paid
- $15,804,449
- Program service revenue
- $8,020,036
- Investment income
- $366,795
- Other revenue
- $76,678
- Total assets, end of year
- $7,715,807
- Total liabilities, end of year
- $2,817,777
- Net assets or fund balances, end of year
- $4,898,030
- Program services expenses (Part IX)
- $28,397,488
- Management and general expenses
- $1,137,160
- Fundraising expenses
- $591,518
- Program service expenses (Part III)
- $28,397,488
Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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
$22,589,336
-
1g · Noncash contributions included above
$15,804,449
-
2a · Program service revenue: Client Fees
total $8,020,036 · related or exempt $8,020,036
-
3 · Investment income
total $191,842 · related or exempt $191,842
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $174,953
-
7c · Gain or loss
securities $174,953
-
7d · Net gain or loss
total $174,953 · related or exempt $174,953
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $76,678 · related or exempt $76,678
-
11e · Other revenue, total
$76,678
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $15,804,449 · program services $15,804,449
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $780,947 · program services $780,947
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $5,820,844 · program services $5,155,519 · management and general $447,631 · fundraising $217,694
-
8 · Pension plan contributions
total $114,585 · program services $95,593 · management and general $13,145 · fundraising $5,847
-
9 · Other employee benefits
total $4,622,986 · program services $4,211,541 · management and general $256,857 · fundraising $154,588
-
10 · Payroll taxes
total $744,952 · program services $677,208 · management and general $44,117 · fundraising $23,627
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $17,450 · program services $8,614 · management and general $8,836
-
11c · Fees: accounting
total $33,250 · management and general $33,250
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $169,326 · program services $86,630 · management and general $82,673 · fundraising $23
-
12 · Advertising and promotion
total $27,680 · program services $13,840 · management and general $13,840
-
13 · Office expenses
total $664,224 · program services $463,052 · management and general $11,433 · fundraising $189,739
-
14 · Information technology
total $331,692 · program services $264,976 · management and general $66,716
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $201,731 · program services $181,527 · management and general $20,204
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,929 · program services $3,929
-
23 · Insurance
total $51,410 · program services $5,972 · management and general $45,438
-
24a · Other expenses: Client Development
total $281,507 · program services $281,507
-
24b · Other expenses: Training
total $243,863 · program services $154,929 · management and general $88,934
-
24c · Other expenses: Team Recruitment
total $189,235 · program services $189,235
-
24d · Other expenses: Church Partner Development
total $14,125 · program services $14,125
-
24e · All other expenses
total $7,981 · program services $3,895 · management and general $4,086
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,588,765 · end of year $4,116,496
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,117,181 · end of year $780,004
-
5 · Loans and receivables from officers and key people
beginning of year $25,440 · end of year $258,527
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $400,909 · end of year $337,076
-
10a · Land, buildings and equipment: cost or other basis
$80,935
-
10b · Land, buildings and equipment: accumulated depreciation
$80,935
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $50,000 · end of year $2,189,490
-
14 · Intangible assets
beginning of year $3,929 · end of year $0
-
15 · Other assets
beginning of year $1,718 · end of year $34,214
-
17 · Accounts payable and accrued expenses
beginning of year $18,075 · end of year $20,281
-
19 · Deferred revenue
beginning of year $776,635 · end of year $76,525
-
25 · Other liabilities
beginning of year $2,421,881 · end of year $2,720,971
-
27 · Net assets without donor restrictions
beginning of year $3,953,098 · end of year $4,882,081
-
28 · Net assets with donor restrictions
beginning of year $18,253 · end of year $15,949
Mission and programs · 2023
Mission
Apartment communities are filled with people who are hungry for relationships, but one study suggests that half of apartment residents don't have any friends where they live. Apartment Life's passion is to meet that need while transforming lives and providing clear business value for our clients. Apartment Life is a faith-based, non-profit organization that has been serving the apartment industry since 2000. We believe every individual is created for community and that we are called to love our neighbor as ourselves. Our goal is to live this out while providing strong business value to apartment owners. As a faith-based organization, we are committed to Fair Housing guidelines to ensure that all residents are treated fairly, equally, and consistently. We perform our responsibilities and conduct our behavior based on a foundation of core values, which shape our culture, define our character, and guide how we make decisions.
Activities or mission (Part I)
Apartment Life helps apartment owners care for residents by connecting them in relationships, which helps improve the community's financial performance through online reputation, resident satisfaction, and resident retention. Learn more at http://apartmentlife.org.
-
Apartment Life connects and builds community based on the unique needs of the residents. The program is designed to help apartment owners care for residents, and in turn, improve the communitys financial presence through resident retention, resident satisfaction and online reputation. Whether it's offering a listening ear when a resident has a bad day or providing support during life transitions such as job loss or the birth of a baby, Apartment Life Coordinators are passionate about loving residents. They are also familiar with a broad network of community support providers and can partner with your onsite staff to provide residents the resources they need at just the right time. Apartment Life Coordinators work hard to welcome new residents and help them get plugged into the community by inviting them to events. There are 500,000 residents participating in the program in 2023.
Expenses $28,397,488 · Grants $30,609,372
As filed on the 2023 return.
Listed in Part VII
-
Pete Kelly
CEO
- Total calculated
- $254,506
- From this org
- $254,506
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $254,506
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $254,506
-
Kelly Kimberlin
Divisional Pres.
- Total calculated
- $172,139
- From this org
- $172,139
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,139
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $172,139
-
Kelly Jones
COO
- Total calculated
- $168,451
- From this org
- $168,451
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,451
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $168,451
-
David Marshall
Divisional Pres.
- Total calculated
- $161,264
- From this org
- $161,264
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,264
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $161,264
-
Jaclyn Ratzlaff
Divisional Pres.
- Total calculated
- $159,330
- From this org
- $159,330
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,330
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $159,330
-
Kiley Sharp
Divisional Pres.
- Total calculated
- $156,603
- From this org
- $156,603
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,603
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $156,603
-
Randall Ginnan
VP Ptnr Relations
- Total calculated
- $152,709
- From this org
- $152,709
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,709
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $152,709
-
Ryan Williams
CPO
- Total calculated
- $129,139
- From this org
- $129,139
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Stan Dobbs
Founder
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 28 related
-
Sommer Clayman
CFO
- Total calculated
- $103,851
- From this org
- $103,851
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Keith Dunkin
Director
- Total calculated
- $0
- Hours/week
- 0
-
Todd Farrell
Director
- Total calculated
- $0
- Hours/week
- 0
-
David Moore
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Hinckley
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kirby Davis
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jerry Wilkinson
Director
- Total calculated
- $0
- Hours/week
- 0
-
Michael Bippus
Executive Dir.
- Total calculated
- $0
- Hours/week
- 0
-
Kendall Pretzner
Director
- Total calculated
- $0
- Hours/week
- 0
-
Tom Bumpass
Director
- Total calculated
- $0
- Hours/week
- 0
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- Part I, Line 7: Non-Fixed payments not listed above
- A written annual bonus plan (ICOMP) exists for certain key employees. Each plan has specific targets relating to program growth, spiritual impact, net operating income vs budget, unrestricted cash levels and/or particular project goals which that employee is accountable for. Overall payments of ICOMP were less than 3% of total compensation in 2023.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442349349301614
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