Virginia Apartment Management Association
Nonprofit profile at a glance
- EIN
- 541407434
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Phone
- 8047568262
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,850,369
- Expenses
- $2,409,833
- Assets
- $3,832,123
- Liabilities
- $418,185
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Ashley Bowman (President)
- Matt Scaparro (Vice President)
- Patrick McCloud (CEO)
Highest reported compensation
- Patrick McCloud (CEO): $120,110 total reported compensation
- Teresa Starkey (Employee): $117,944 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve requirements and standards of the multi-family apartment industry.
What it reported doing in 2024
Standardized lease contracts offered to members to encourage fair and uniform practices within the industry.
Operating model
- Revenue model
- Other-operating. 67% of the money available for current operations came from other operating 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: 100
- Accountability: 74
- Sustainability: 60
- 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.5%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 10.4% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 16% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 19 of 19 board members independent · 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $120K · 21 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.