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Nonprofiteer
← LUBBOCK APARTMENT ASSOCIATION INC

Form 990 for tax year 2022

Filed by LUBBOCK APARTMENT ASSOCIATION INC.

Totals

Total revenue
$795,920
Total expenses
$719,513
Contributions and grants received
$24,185
Grants paid
$12,960
Program service revenue
$762,306
Investment income
-$28,685
Other revenue
$38,114
Total assets, end of year
$770,318
Total liabilities, end of year
$17,081
Net assets or fund balances, end of year
$753,237
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

    $24,185

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $298,415 · related or exempt $298,415

  • 2b · Program service revenue: ONLINE APARTMENT GUIDE

    total $260,739 · related or exempt $260,739

  • 2c · Program service revenue: EDUCATION

    total $38,795 · related or exempt $38,795

  • 2d · Program service revenue: APARTMENT MAGAZINE

    total $11,564 · related or exempt $11,564

  • 2f · All other program service revenue

    total $152,793 · related or exempt $152,793

  • 3 · Investment income

    total $189 · excluded $189

  • 5 · Royalties

    total $37,352 · excluded $37,352

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

    securities $28,874

  • 7c · Gain or loss

    securities -$28,874

  • 7d · Net gain or loss

    total -$28,874 · excluded -$28,874

  • 10a · Gross sales of inventory

    $1,074

  • 10b · Cost of goods sold

    $312

  • 10c · Net income from sales of inventory

    total $762 · related or exempt $762

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,960

  • 4 · Benefits paid to or for members

    total $1,347

  • 5 · Compensation of officers, directors and key employees

    total $103,442

  • 7 · Other salaries and wages

    total $125,237

  • 9 · Other employee benefits

    total $16,406

  • 10 · Payroll taxes

    total $15,651

  • 11c · Fees: accounting

    total $13,250

  • 12 · Advertising and promotion

    total $2,989

  • 13 · Office expenses

    total $85,736

  • 14 · Information technology

    total $113,032

  • 16 · Occupancy

    total $16,590

  • 17 · Travel

    total $28,917

  • 19 · Conferences, conventions and meetings

    total $2,564

  • 21 · Payments to affiliates

    total $52,604

  • 22 · Depreciation, depletion and amortization

    total $6,730

  • 24a · Other expenses: PROGRAM AND EVENT EXPEN

    total $87,081

  • 24b · Other expenses: EDUCATION EXPENSES

    total $24,906

  • 24c · Other expenses: MAGAZINE EXPENSES

    total $8,881

  • 24e · All other expenses

    total $1,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,446 · end of year $46,762

  • 2 · Savings and temporary cash investments

    beginning of year $253,624 · end of year $189,939

  • 4 · Accounts receivable

    beginning of year $50,492 · end of year $139,266

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

    $602,411

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

    $208,060

  • 10c · Land, buildings and equipment, net

    beginning of year $401,081 · end of year $394,351

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,813 · end of year $17,081

  • 27 · Net assets without donor restrictions

    beginning of year $676,830 · end of year $753,237

Mission and programs · 2022

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 500 MEMBERS REPRESENTING OVER 33,000 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 2022 return.

Listed in Part VII

  • Suzanne Comer

    EXECUTIVE DIRECTOR

    Total calculated
    $103,442
    From this org
    $73,690
    From related orgs
    $0
    Other
    $29,752
    Hours/week
    37.5

  • Tanner Noble

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Albert Gillespie

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lyndsay Snyder

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mont McClendon

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Drew Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ty Craft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alicia Broughton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Lindsey-Mize

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deanna Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendell Burris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Mitchel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Miles Seybert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Cantu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202343079349302209

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