Connecticut Apartment Association
Legal name: Connecticut Apartment Association Inc
Nonprofit profile at a glance
- EIN
- 100006520
- IRS 990 coverage
- 2016–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wethersfield, CT, US
- Phone
- (860) 296-1400
- Rating confidence
- Limited
- Sector
- Business and Industry
Reported finances
- Revenue
- $525,380
- Expenses
- $502,044
- Assets
- $951,731
- Liabilities
- $441,020
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DRAGANA LACORE (IMMEDIATE PAST PRESIDENT)
- MORGAN MILLER (PRESIDENT)
- CHRISTOPHER CRAMPTON (INCOMMING PRESIDENT)
- JESSICA DOLL (EXECUTIVE DIRECTOR)
Highest reported compensation
- JESSICA DOLL (EXECUTIVE DIRECTOR): $109,237 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We lead the apartment industry by educating, advocating and connecting property owners, managers and business partners who provide quality multifamily housing.
What it reported doing in 2024
See schedule oto provide a cost-effective forum for multi-family housing owners, managers, and their staff to advance their knowledge and understanding of the issues presented in their business on a daily basis.to provide a resource that will allow the united representation in the creation, modification, and enforcement of laws on a local, state, and national level.to develop and provide a level of standards that will enhance the member's ability to provide superior resident services, retention, and satisfaction.to convey information that will directly impact the member's ability to enhance the level of service and knowledge they provide to their residents and or employers.to provide a solid voice that will represent the best interests of its members in political and economic arenas.to develop and monitor a level of service and standards from our business partner members. This shall include exceptional quality and service, and a fair and equitable cost.to cooperate with, and share resources, information, and knowledge with other organizations working with similar objectives for the advancement of the multi-family housing market within the state of Connecticut.to develop, enforce and enhance a code of ethics for all members.to support and promote the consistent advancement of the building and operation techniques in the multi-family housing industry.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.4%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.9; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 21.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 15.7% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 81st percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 15 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $109K · 16 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.