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Nonprofiteer
← LUBBOCK APARTMENT ASSOCIATION INC

Form 990 for tax year 2024

Filed by LUBBOCK APARTMENT ASSOCIATION INC.

Totals

Total revenue
$708,739
Total expenses
$799,560
Contributions and grants received
$94,901
Grants paid
$17,300
Program service revenue
$557,517
Investment income
$28,867
Other revenue
$27,454
Total assets, end of year
$626,077
Total liabilities, end of year
$49,066
Net assets or fund balances, end of year
$577,011
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.

  • 1c · Fundraising events

    $26,000

  • 1f · All other contributions, gifts and grants

    $68,901

  • 2a · Program service revenue: ONLINE APARTMENT GUIDE

    total $242,783 · related or exempt $242,783

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $195,842 · related or exempt $195,842

  • 2c · Program service revenue: EDUCATION

    total $28,094 · related or exempt $28,094

  • 2d · Program service revenue: APARTMENT MAGAZINE

    total $10,916 · related or exempt $10,916

  • 2f · All other program service revenue

    total $79,882 · related or exempt $79,882

  • 3 · Investment income

    total $816 · excluded $816

  • 5 · Royalties

    total $40,236 · excluded $40,236

  • 7a · Gross sales of assets other than inventory

    securities $28,051

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $28,051

  • 7d · Net gain or loss

    total $28,051 · excluded $28,051

  • 8a · Fundraising events: gross income

    $42,119

  • 8a · Fundraising events: contributions included on line 1c

    $26,000

  • 8b · Fundraising events: direct expenses

    $55,827

  • 8c · Net income from fundraising events

    total -$13,708 · excluded -$13,708

  • 10a · Gross sales of inventory

    $1,022

  • 10b · Cost of goods sold

    $96

  • 10c · Net income from sales of inventory

    total $926 · related or exempt $926

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,300

  • 4 · Benefits paid to or for members

    total $1,346

  • 5 · Compensation of officers, directors and key employees

    total $93,862

  • 7 · Other salaries and wages

    total $157,755

  • 9 · Other employee benefits

    total $499

  • 10 · Payroll taxes

    total $19,538

  • 11c · Fees: accounting

    total $2,800

  • 11g · Fees: other

    total $1,580

  • 12 · Advertising and promotion

    total $10,962

  • 13 · Office expenses

    total $62,015

  • 14 · Information technology

    total $100,633

  • 16 · Occupancy

    total $31,426

  • 17 · Travel

    total $60,769

  • 19 · Conferences, conventions and meetings

    total $5,571

  • 20 · Interest

    total $17,871

  • 21 · Payments to affiliates

    total $63,703

  • 22 · Depreciation, depletion and amortization

    total $7,210

  • 23 · Insurance

    total $5,603

  • 24a · Other expenses: PROGRAM AND EVENT EXPEN

    total $108,079

  • 24b · Other expenses: EDUCATION EXPENSES

    total $28,004

  • 24c · Other expenses: DIRECTORY EXPENSES

    total $3,034

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,341 · end of year $56,046

  • 2 · Savings and temporary cash investments

    beginning of year $109,989 · end of year $67,856

  • 4 · Accounts receivable

    beginning of year $99,040 · end of year $114,723

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,454

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

    $609,611

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

    $222,159

  • 10c · Land, buildings and equipment, net

    beginning of year $394,662 · end of year $387,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $4 · end of year $12,703

  • 25 · Other liabilities

    beginning of year $0 · end of year $36,363

  • 27 · Net assets without donor restrictions

    beginning of year $681,482 · end of year $577,011

Mission and programs · 2024

Mission

TO EDUCATE, ADVOCATE, CULTIVATE RELATIONSHIPS AND PROVIDE RESOURCES TO STRENGTHEN OUR RENTAL HOUSING INDUSTRY.

  • THE ASSOCIATION PROVIDES BENEFITS INCLUDING EDUCATION, MARKET AND INDUSTRY SURVEYS AND PUBLICATIONS. DURING THE YEAR ENDED, THE ASSOCIATION HAD OVER 520 MEMBERS REPRESENTING OVER 34,600 RENTAL UNITS IN LUBBOCK AND THE SOUTH PLAINS.

  • ONLINE AND EMAIL PUBLICATIONS ARE DISTRIBUTED TO MEMBERS AND NON-MEMBERS TO AID AND UPDATE APARTMENT OWNERS AND MANAGERS IN THE LUBBOCK AREA. THE ASSOCIATION SUPPORTS A LISTING WEBSITE WITH AN ONLINE APARTMENT GUIDE FOR THE LUBBOCK AREA.

As filed on the 2024 return.

Listed in Part VII

  • Albert Gillespie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jason Cantu

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wendell Burris

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tanner Noble

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mont McClendon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drew Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ty Craft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lyndsay Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Willey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Grassano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oscar Armendariz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Brownd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Settle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian Van Reenen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Cain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Comer

    EXECUTIVE DIRECTOR

    Total calculated
    $93,862
    From this org
    $93,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

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.

Grants on this return

  • HIGH POINT VILLAGE

    $15,100

    PROVIDE AN ENRICHMENT FACILITY AND COMMUNITY FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES

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.

  • LUBBOCK APARTMENT ASSOCIATION PAC

    527 · TO SUPPORT CANDIDATES WHO SUPPORT RENTAL PROPERTIES AND THEIR OWNERS · TX · controlled entity

    Directly controlled by LUBBOCK APARTMENT ASSCOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202523019349301562

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