Apartment Association of Western North Carolina
Nonprofit profile at a glance
- EIN
- 271441299
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Arden, NC, USA
- Phone
- 8283658427
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $112,433
- Expenses
- $126,293
- Assets
- $53,056
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BETHANY LYKINS (PRESIDENT)
- ELIZA KING (VICE PRESIDENT)
People named in this filing
- MICHELLE KINGSON (OPERATOR MEMBER)
- RACHAEL MODLIN (OPERATOR MEMBER)
- TINA GORBY-BAKER (SUPPLIER MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The apartment association of western North Carolina strives to serve its members by promoting goodwill and professionalism within the industry and community, provide ongoing educational opportunities for all members, and promote the continued growth of the industry through legislative guidance and support.
What it reported doing in 2024
The property bus tour program provides members with educational tours of new and renovated apartment communities, fostering networking and discussion of industry best practices and advocacy issues. This initiative supports the association's objectives of education, professional connection, and effective industry advocacy.
Operating model
- Revenue model
- Membership-supported. 77% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.7%; rating input score 62
- Program expense ratio: 55%; rating input score 55
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -12.3%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 23.9% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 12.6% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 61.7% of revenue deployed · 55% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Sustainability: Operating margin scored 13/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.