Overview
What is Lubbock Apartment Association Inc?
Lubbock Apartment Association Inc, situated in Lubbock, Texas, is a nonprofit organization with a primary mission to educate, advocate, and strengthen the rental housing industry. With around 500 members representing over 33,000 rental units in the area, the association offers various benefits such as market surveys, industry publications, and educational resources. The organization, with a team of five dedicated individuals, aims to cultivate relationships within the industry and provide essential support to its members.
Official website here: www.laamembers.com
Is Lubbock Apartment Association Inc legitimate?
Lubbock Apartment Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lubbock Apartment Association Inc 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: $107,351
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,618
For more financial information, click here
Official website here: www.laamembers.com
What is the mission statement of Lubbock Apartment Association Inc?
The Lubbock Apartment Association Inc has a mission to educate, advocate, and cultivate relationships within the rental housing industry. Their objective is to strengthen this sector by providing necessary resources. They achieve this through various activities, including offering educational opportunities, conducting market and industry surveys, and publishing related materials. The association boasts a substantial membership base, with over 500 members representing over 33,000 rental units.
Official website here: www.laamembers.com
What is the revenue of Lubbock Apartment Association Inc?
Lubbock Apartment Association Inc's revenue in 2023 was $737,928.
Official website here: www.laamembers.com
Who are the executives of Lubbock Apartment Association Inc and what are their salaries?
The average compensation at Lubbock Apartment Association Inc during 2023 was $63,492. There are 4 employees and 45 volunteers at Lubbock Apartment Association Inc.
Here are 16 key members and their salaries:
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- Other: $25,889
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Official website here: www.laamembers.com
Where can I find the form 990 for Lubbock Apartment Association Inc?
Lubbock Apartment Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.laamembers.com
Learn more at the official website: www.laamembers.com
Mission Statement of Lubbock Apartment Association Inc
Lubbock Apartment Association Inc, a prominent organization within the rental housing industry, is committed to three main objectives: education, advocacy, cultivating relationships, and providing resources. Their mission is to strengthen this sector by employing these strategies. They achieve this by offering a variety of benefits to their members, including educational opportunities, market and industry surveys, and informative publications. As of the year in question, the association boasted over 500 members, representing a significant number of rental units in Lubbock and the South Plains region. By focusing on these critical areas, Lubbock Apartment Association Inc plays a vital role in enhancing and supporting the rental housing industry.
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Impact
October, 2024
Lubbock Apartment Association Inc plays a crucial role in strengthening the rental housing industry in Lubbock and the surrounding South Plains region. By focusing on education, advocacy, and relationship-building, the Association empowers its over 500 members, who collectively manage more than 33,000 rental units. The resources and benefits provided, including industry surveys, publications, and educational programs, enhance members' capabilities and knowledge, ultimately improving the quality of housing available to the community. This initiative not only fosters a sustainable rental market but also contributes to community improvement by ensuring that both property managers and tenants are well-informed and supported. The Association's efforts lead to better management practices, enhanced tenant relations, and a stronger overall housing market that benefits the residents of Lubbock and the surrounding areas.
This information is meant to be a general summary of Lubbock Apartment Association Inc. 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 2023.
- Investment Income: $1,658
- Program Service Revenue: $614,532
- Gross Receipts: $761,551
Assets and Liabilities:
- Total Assets: $770,318
- Total Liabilities: $17,081
- Net Assets: $753,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ONLINE APARTMENT GUIDE
Revenue
$242,546
MEMBERSHIP DUES
Revenue
$210,175
EDUCATION
Revenue
$18,288
APARTMENT MAGAZINE
Revenue
$11,750
Organization Details
Founding Year
1967
Principal Officer
Suzanne Comer
Website
www.laamembers.comNTEE Category
Code: S47 - Community improvement
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