Overview
What is Apartment Life Inc?
Apartment Life Inc is a nonprofit organization based in Bedford, Texas. Their mission is to build and foster community within apartment complexes by connecting residents and providing essential support during life transitions. With 228 employees, they offer a listening ear and resources to help improve resident retention, satisfaction, and online reputation for apartment owners. Their faith-based approach emphasizes the importance of community and treating all individuals fairly and equally. Apartment Life has been serving the apartment industry since 2000 and currently helps over 300,000 residents connect and thrive in their communities.
Official website here: www.apartmentlife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Apartment Life Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and financial health. The organization demonstrates strong governance practices with a fully independent board and comprehensive financial oversight, earning full points in several key metrics such as conflict of interest and whistleblower policies. The high program expense ratio of 93.70% suggests that a significant portion of its budget is directed towards fulfilling its mission.
Strengths of Apartment Life Inc include its commitment to transparency and effective resource management, evidenced by a low fundraising efficiency ratio of $0.02, indicating cost-effective fundraising strategies. The organization also maintains a clean record with no material diversion of assets. However, the liabilities to assets ratio of 44.74% and a working capital ratio of 0.17 years suggest some financial constraints that could impact operational flexibility.
While overall, Apartment Life Inc appears to operate effectively, potential donors and stakeholders may want to consider the organization’s financial ratios and their implications for sustainability and growth. Regular monitoring of these financial indicators will be crucial for ensuring the long-term viability and impact of the organization’s programs.
This AI summary has been generated from information found on Charity Navigator.
Is Apartment Life Inc legitimate?
Apartment Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apartment Life 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: $2,156,329
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,399,791
For more financial information, click here
Official website here: www.apartmentlife.org
What is the mission statement of Apartment Life Inc?
Apartment Life is a non-profit organization that has been serving the apartment industry since 2000. Their mission is to foster relationships within apartment communities, addressing the need for connection among residents while enhancing the financial performance of the community. With a passion for building relationships, Apartment Life transforms lives and provides valuable business benefits to apartment owners. As a faith-based organization, they adhere to Fair Housing guidelines and operate based on a foundation of core values, which guide their culture, character, and decision-making. Their commitment to community is rooted in the belief that every individual deserves connection and the opportunity to love their neighbor as themselves.
Official website here: www.apartmentlife.org
Who is the CEO of Apartment Life Inc?
Pete Kelly is the Ceo of Apartment Life Inc. The CEO's salary of Apartment Life Inc is $246,644 and their total compensation is $246,644.
Official website here: www.apartmentlife.org
What is the revenue of Apartment Life Inc?
Apartment Life Inc's revenue in 2022 was $26,897,610.
Official website here: www.apartmentlife.org
Who are the executives of Apartment Life Inc and what are their salaries?
The average compensation at Apartment Life Inc during 2022 was $24,369. There are 228 employees and 15000 volunteers at Apartment Life Inc.
Here are 21 key members and their salaries (Apartment Life Inc's CEO's salary is $246,644 and their total compensation is $246,644):
- Compensation: $246,644
- Related: $0
- Other: $0
- Compensation: $162,048
- Related: $0
- Other: $0
- Compensation: $149,528
- Related: $0
- Other: $0
- Compensation: $146,176
- Related: $0
- Other: $0
- Compensation: $141,967
- Related: $0
- Other: $0
- Compensation: $138,287
- Related: $0
- Other: $0
- Compensation: $137,420
- Related: $0
- Other: $0
- Compensation: $125,000
- Related: $0
- Other: $0
- Compensation: $111,250
- Related: $0
- Other: $0
- Compensation: $80,216
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.apartmentlife.org
Where can I find the form 990 for Apartment Life Inc?
Apartment Life Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.apartmentlife.org
Learn more at the official website: www.apartmentlife.org
Mission Statement of Apartment Life Inc
Apartment Life Inc, a faith-based, non-profit organization, has been dedicated to transforming lives and enhancing the performance of apartment communities since 2000. The mission of Apartment Life is to address the need for relationships among apartment residents, who statistically, one study suggests, may not have any friends where they live. By focusing on forging connections between residents, this organization aims to improve not only the personal well-being of individuals but also the financial success of apartment communities.
The team at Apartment Life strongly believes that every person is created for community and that neighbors should be treated with love and respect - a commitment that extends to their professional responsibilities. They adhere strictly to Fair Housing guidelines to ensure that all residents are treated fairly, equally, and consistently. The core values of Apartment Life underpin its culture, character, and decision-making processes. The organization's values-driven approach enables it to create vibrant, thriving apartment communities where residents can build meaningful relationships and thrive.
Apartment Life's services extend beyond just fostering relationships among apartment residents. By focusing on the emotional and relational needs of individuals, the organization strives to make a positive difference in people's lives. By promoting a sense of belonging and connection, Apartment Life enhances the overall atmosphere of the apartment communities it serves. Through its commitment to its mission, Apartment Life creates a strong business value proposition for its clients by improving their online reputation, increasing resident satisfaction, and boosting resident retention.
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Impact
October, 2024
Apartment Life Inc has a significant impact on apartment communities by fostering relationships that enhance the overall living experience. By connecting residents and building a sense of community, Apartment Life addresses the social isolation that many individuals face in multifamily housing settings. Their approach not only enriches residents' lives through friendships and support, but it also positively influences the financial performance of the communities they serve.
With Apartment Life Coordinators actively engaging with residents, the program establishes a welcoming environment that encourages participation in community events and promotes social connections. This proactive engagement directly contributes to resident satisfaction—a pivotal factor in tenant retention. High levels of resident satisfaction strengthen the community's online reputation, which is increasingly vital in attracting new tenants and maintaining a stable occupancy rate.
Moreover, Apartment Life provides essential support during significant life transitions, whether it's celebrating milestones or lending an ear during challenging times. This holistic approach ensures that residents feel valued and supported, which goes beyond mere transactional relationships. By addressing these emotional and social needs, Apartment Life cultivates a sense of belonging that can lead to long-term residency, thereby benefiting apartment owners financially.
In 2022, approximately 300,000 residents participated in Apartment Life's program, showcasing its widespread influence and demand. By prioritizing relationships and community-building, Apartment Life is transforming multifamily living into a thriving, interconnected experience that not only meets the emotional needs of residents but also enhances the business viability of apartment communities.
This information is meant to be a general summary of Apartment Life 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 2022.
- Investment Income: $85,853
- Program Service Revenue: $5,729,213
- Gross Receipts: $26,897,610
Assets and Liabilities:
- Total Assets: $7,187,942
- Total Liabilities: $3,216,591
- Net Assets: $3,971,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client Fees
Revenue
$5,729,213
Organization Details
Founding Year
2000
Phone
(817) 726-5167Principal Officer
Pete Kelly
Main Address
PO Box 1369, Bedford, TX, 76095
Website
www.apartmentlife.orgNTEE Category
Code: X20 - Religion related
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