Overview
What is Virginia Apartment Management Association?
The Virginia Apartment Management Association is a nonprofit organization dedicated to enhancing the multi-family apartment industry. They achieve this by establishing and upholding industry standards through the use of standardized lease contracts, promoting fair and uniform practices among their members. The association also offers the Virginia redbook, a comprehensive legal guide tailored specifically for multifamily rental housing owners and operators. This guide serves as a valuable resource for navigating the complexities of the industry. By implementing these measures, the Virginia Apartment Management Association aims to improve overall quality and consistency within the multi-family apartment sector.
Official website here: www.vamaonline.org
Is Virginia Apartment Management Association legitimate?
Virginia Apartment Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Apartment Management Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $109,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,673
For more financial information, click here
Official website here: www.vamaonline.org
What is the mission statement of Virginia Apartment Management Association?
The Virginia Apartment Management Association's mission is centered around enhancing the multi-family apartment industry. Specifically, they aim to improve the requirements and standards within this sector by implementing fair and uniform practices. They achieve this by providing their members with standardized lease contracts. Furthermore, the association offers a legal guide, known as the Virginia redbook, which is exclusively designed for multifamily rental housing owners and operators, thereby supporting them with legal guidance.
Official website here: www.vamaonline.org
Who is the CEO of Virginia Apartment Management Association?
Patrick Mccloud is the Director of Virginia Apartment Management Association. The CEO's salary of Virginia Apartment Management Association is $109,000 and their total compensation is $109,000.
Official website here: www.vamaonline.org
What is the revenue of Virginia Apartment Management Association?
Virginia Apartment Management Association's revenue in 2022 was $1,982,384.
Official website here: www.vamaonline.org
Who are the executives of Virginia Apartment Management Association and what are their salaries?
The average compensation at Virginia Apartment Management Association during 2022 was $64,334. There are 8 employees and 122 volunteers at Virginia Apartment Management Association.
Here are 20 key members and their salaries (Virginia Apartment Management Association's CEO's salary is $109,000 and their total compensation is $109,000):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $109,000
- Related: $0
- Other: $0
Official website here: www.vamaonline.org
Where can I find the form 990 for Virginia Apartment Management Association?
Virginia Apartment Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vamaonline.org
Learn more at the official website: www.vamaonline.org
Mission Statement of Virginia Apartment Management Association
The Virginia Apartment Management Association, abbreviated as VAMA, is dedicated to enhancing the requirements and standards within the multi-family apartment industry. With this mission, the organization aims to promote fair and consistent practices within the sector. One of the ways VAMA achieves this is by providing its members with standardized lease contracts. By doing so, the association encourages a uniform approach to lease agreements across the industry, thereby fostering transparency and consistency.
In addition to offering standardized lease contracts, VAMA also produces the Virginia Redbook. This legal guide is specifically designed for multifamily rental housing owners and operators. By providing this comprehensive resource, VAMA assists industry professionals in navigating the complex legal landscape of the multi-family apartment industry, thereby ensuring they operate in compliance with relevant regulations. This, in turn, enhances the overall reputation and credibility of the multifamily apartment industry as a whole.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Virginia Apartment Management Association (VAMA) plays a significant role in enhancing the multi-family apartment industry's requirements and standards. By offering standardized lease contracts, VAMA promotes fair and uniform practices among its members, ensuring a more equitable relationship between landlords and tenants. Additionally, the association provides essential resources such as the Virginia Redbook, a comprehensive legal guide tailored specifically for multifamily rental housing owners and operators. This resource facilitates better understanding and compliance with housing laws, ultimately leading to improved management practices within the industry. VAMA's commitment to community improvement fosters a healthier rental market, benefiting both property managers and residents in Virginia.
This information is meant to be a general summary of Virginia Apartment Management Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$36,712
- Program Service Revenue: $1,369,128
- Gross Receipts: $3,550,671
Assets and Liabilities:
- Total Assets: $2,855,042
- Total Liabilities: $483,477
- Net Assets: $2,371,565
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL CONFERENCES
Revenue
$594,331
AWARD PROGRAM
Revenue
$304,136
LEASE PROGRAM
Revenue
$262,543
TRADE SHOW
Revenue
$88,385
MEMBER NETWORKING EVENT
Revenue
$83,878
Organization Details
Founding Year
1987
Phone
(804) 756-8262Principal Officer
Patrick Mccloud
Main Address
2812 EMERYWOOD PARKWAY 231, RICHMOND, VA, 23294
Website
www.vamaonline.orgNTEE Category
Code: S47 - Community improvement
If you are a representative of Virginia Apartment Management Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.