Skip to content
Nonprofiteer
← LUBBOCK APARTMENT ASSOCIATION INC

Form 990 for tax year 2023

Filed by LUBBOCK APARTMENT ASSOCIATION INC.

Totals

Total revenue
$737,928
Total expenses
$809,683
Contributions and grants received
$81,202
Grants paid
$35,300
Program service revenue
$614,532
Investment income
$17,050
Other revenue
$25,144
Total assets, end of year
$681,486
Total liabilities, end of year
$4
Net assets or fund balances, end of year
$681,482
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

    $37,850

  • 1f · All other contributions, gifts and grants

    $43,352

  • 2a · Program service revenue: ONLINE APARTMENT GUIDE

    total $242,546 · related or exempt $242,546

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $210,175 · related or exempt $210,175

  • 2c · Program service revenue: EDUCATION

    total $18,288 · related or exempt $18,288

  • 2d · Program service revenue: APARTMENT MAGAZINE

    total $11,750 · related or exempt $11,750

  • 2f · All other program service revenue

    total $131,773 · related or exempt $131,773

  • 3 · Investment income

    total $1,658 · excluded $1,658

  • 5 · Royalties

    total $37,984 · excluded $37,984

  • 7a · Gross sales of assets other than inventory

    securities $15,392

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

    securities $0

  • 7c · Gain or loss

    securities $15,392

  • 7d · Net gain or loss

    total $15,392 · excluded $15,392

  • 8a · Fundraising events: gross income

    $9,933

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

    $37,850

  • 8b · Fundraising events: direct expenses

    $23,430

  • 8c · Net income from fundraising events

    total -$13,497 · excluded -$13,497

  • 10a · Gross sales of inventory

    $850

  • 10b · Cost of goods sold

    $193

  • 10c · Net income from sales of inventory

    total $657 · related or exempt $657

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,300

  • 4 · Benefits paid to or for members

    total $380

  • 5 · Compensation of officers, directors and key employees

    total $107,351

  • 7 · Other salaries and wages

    total $146,618

  • 9 · Other employee benefits

    total $6,809

  • 10 · Payroll taxes

    total $17,804

  • 11c · Fees: accounting

    total $2,675

  • 12 · Advertising and promotion

    total $6,042

  • 13 · Office expenses

    total $100,750

  • 14 · Information technology

    total $107,378

  • 16 · Occupancy

    total $16,245

  • 17 · Travel

    total $33,770

  • 19 · Conferences, conventions and meetings

    total $2,493

  • 20 · Interest

    total $9,371

  • 21 · Payments to affiliates

    total $62,086

  • 22 · Depreciation, depletion and amortization

    total $6,890

  • 24a · Other expenses: PROGRAM AND EVENT EXPEN

    total $116,748

  • 24b · Other expenses: EDUCATION EXPENSES

    total $22,597

  • 24c · Other expenses: MAGAZINE EXPENSES

    total $8,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,762 · end of year $76,341

  • 2 · Savings and temporary cash investments

    beginning of year $189,939 · end of year $109,989

  • 4 · Accounts receivable

    beginning of year $139,266 · end of year $99,040

  • 9 · Prepaid expenses and deferred charges

    end of year $1,454

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

    $609,611

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

    $214,949

  • 10c · Land, buildings and equipment, net

    beginning of year $394,351 · end of year $394,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,081 · end of year $4

  • 27 · Net assets without donor restrictions

    beginning of year $753,237 · end of year $681,482

Mission and programs · 2023

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 550 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 2023 return.

Listed in Part VII

  • Suzanne Comer

    EXECUTIVE DIRECTOR

    Total calculated
    $107,351
    From this org
    $81,462
    From related orgs
    $0
    Other
    $25,889
    Hours/week
    37.5

  • Albert Gillespie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lyndsay Snyder

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jason Cantu

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tanner Noble

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • 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

  • Deanna Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendell Burris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Miles Seybert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Willy

    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

  • Gloria Quinton

    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
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202423139349300827

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.