Civic Intelligence

Indiana Apartment Association

EIN 35-2110926 • 501(c)3 • Indianapolis, IN

Profile

To support the future of the indiana apartment industry through education and contribution. To support and fund scholarships and/or fellowships to further the education of individuals interested in any facets of the apartment industry. To educate the general public and the apartment industry about economic and business, opportunities and issues that impact the future of the indiana apartment industry.

9200 Keystone Xing Ste 100Indianapolis, IN 46240-2166

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

17th percentile

-36%

Higher net margin than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

39th percentile

-11%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-4.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$172,929

Down $21,327 (-11%) from 2023

Liabilities

Up

$14,966

Up $8,205 (+121%) from 2023

Net Assets

Down

$157,963

Down $29,532 (-16%) from 2023

Revenue

Down

$83,170

Down $3,828 (-4.4%) from 2023

Expenses

Up

$112,702

Up $46,297 (+70%) from 2023

Net Income

Down

-$29,532

Down $50,125 (-243%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2018: $99,033Liabilities 2018: $800Net Assets 2018: $98,2332018Assets 2020: $162,102Liabilities 2020: $6,715Net Assets 2020: $155,3872020Assets 2021: $169,505Liabilities 2021: $10,126Net Assets 2021: $159,3792021Assets 2022: $181,355Liabilities 2022: $14,453Net Assets 2022: $166,9022022Assets 2023: $194,256Liabilities 2023: $6,761Net Assets 2023: $187,4952023Assets 2024: $172,929Liabilities 2024: $14,966Net Assets 2024: $157,9632024

Highlighted filing

2024

Assets$172,929
Liabilities$14,966
Net Assets$157,963

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2018: $55,947Expenses 2018: $41,087Net Income 2018: $14,8602018Revenue 2020: $74,193Expenses 2020: $33,696Net Income 2020: $40,4972020Revenue 2021: $76,432Expenses 2021: $72,440Net Income 2021: $3,9922021Revenue 2022: $89,030Expenses 2022: $81,507Net Income 2022: $7,5232022Revenue 2023: $86,998Expenses 2023: $66,405Net Income 2023: $20,5932023Revenue 2024: $83,170Expenses 2024: $112,702Net Income 2024: -$29,5322024

Highlighted filing

2024

Revenue$83,170
Expenses$112,702
Net Income-$29,532

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$83,170
Mission and Program Overview

Mission

To support the future of the indiana apartment industry through education and contribution. To support and fund scholarships and/or fellowships to further the education of individuals interested in any facets of the apartment industry. To educate the general public and the apartment industry about economic and business, opportunities and issues that impact the future of the indiana apartment industry.

Program Services

DescriptionGrantsExpenses
THE VIRTUAL LEASING PROFESSIONAL CREDENTIAL PREPARES LEASING PROFESSIONALS FOR TOURING COMMUNITIES VIRTUALLY AND BUILDING SKILLSETS AROUND TECHNOLOGY PLATFORMS.$0$0
REBUILDING LIVES - TO ASSIST RESIDENTS WHO HAVE BEEN AFFECTED BY DISASTERS BY PROVIDING ADDITIONAL SUPPORT BEYOND DISASTER RELIEF AGENCIES SUPPORT.$0$0
THE SAL LEADERSHIP SERIES EMPOWERS SUCCESSFUL,EXPERIENCED MULTIFAMILY LEADERS TO GROW THEIR MANAGEMENT SKILLS AND BECOME A VISIONARY LEADER TO INSPIRE THEIR TEAMS.$0$0
THE MAINTENANCE LEADERSHIP TOOLKIT PROGRAM EMPOWERS MAINTENANCE PROFESSIONALS TO GROW THEIR MANAGEMENT SKILLS AND BECOME A VISIONARY LEADER TO INSPIRE THEIR TEAMS.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JERRY COLLINSVice President-$0--
BRIAN SPAULDINGExecutive Director-$0--
SANDY CARMINBoard Member-$0--
CINDY KOEHLERTreasurer-$0--
TIMOTHY SHAFERPresident-$0--
Filing and Contact Details

Filer

Filer Name
Indiana Apartment Association
EIN
35-2110926
Phone
3178168900
Address
9200 KEYSTONE XING STE 100, INDIANAPOLIS, IN 46240-2166

Signing Officer

Name
Brian Spaulding
Title
Executive Director
Phone
3178168900
Signed
2025-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Cbiz Advisors LLC
Address
3925 RIVER CROSSING PKWY STE 100, INDIANAPOLIS, IN 46240
Preparer
C Brian Thrasher
Phone
3174722200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: rebuilding lives expense. Amount: 41,242. Description: bank fees. Amount: 901. Description: leadership conference expense. Amount: 7,848. Description: service technician program expense. Amount: 419. Description: virtual leasing credential expense. Amount: 4,200. Description: maintenance leadership expense. Amount: 5,084. Description: overhead allocation. Amount: 5,151. Total to form 990-ez, line 16: 64,845.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 8,400. End of year amount: 11,252. Description: prepaid expense. Beg. Of year amount: 2,100. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 6,761. End of year amount: 14,966.

Raw XML Appendix167 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CINDY KOEHLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TIMOTHY SHAFER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt010500
IRS990EZ/OtherAssetsTotalDetail/EOYAmt011252
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt064845
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE FUTURE OF THE INDIANA APARTMENT INDUSTRY THROUGH EDUCATION AND CONTRIBUTION. TO SUPPORT AND FUND SCHOLARSHIPS AND/OR FELLOWSHIPS TO FURTHER THE EDUCATION OF INDIVIDUALS INTERESTED IN ANY FACETS OF THE APARTMENT INDUSTRY. TO EDUCATE THE GENERAL PUBLIC AND THE APARTMENT INDUSTRY ABOUT ECONOMIC AND BUSINESS, OPPORTUNITIES AND ISSUES THAT IMPACT THE FUTURE OF THE INDIANA APARTMENT INDUSTRY.
IRS990EZ/ProgramServiceRevenueAmt019300
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1REBUILDING LIVES - TO ASSIST RESIDENTS WHO HAVE BEEN AFFECTED BY DISASTERS BY PROVIDING ADDITIONAL SUPPORT BEYOND DISASTER RELIEF AGENCIES SUPPORT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE SAL LEADERSHIP SERIES EMPOWERS SUCCESSFUL,EXPERIENCED MULTIFAMILY LEADERS TO GROW THEIR MANAGEMENT SKILLS AND BECOME A VISIONARY LEADER TO INSPIRE THEIR TEAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3THE MAINTENANCE LEADERSHIP TOOLKIT PROGRAM EMPOWERS MAINTENANCE PROFESSIONALS TO GROW THEIR MANAGEMENT SKILLS AND BECOME A VISIONARY LEADER TO INSPIRE THEIR TEAMS.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt063870
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IRS990ScheduleA/TotalSupportAmt0217792
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: REBUILDING LIVES EXPENSE. AMOUNT: 41,242. DESCRIPTION: BANK FEES. AMOUNT: 901. DESCRIPTION: LEADERSHIP CONFERENCE EXPENSE. AMOUNT: 7,848. DESCRIPTION: SERVICE TECHNICIAN PROGRAM EXPENSE. AMOUNT: 419. DESCRIPTION: VIRTUAL LEASING CREDENTIAL EXPENSE. AMOUNT: 4,200. DESCRIPTION: MAINTENANCE LEADERSHIP EXPENSE. AMOUNT: 5,084. DESCRIPTION: OVERHEAD ALLOCATION. AMOUNT: 5,151. TOTAL TO FORM 990-EZ, LINE 16: 64,845.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 8,400. END OF YEAR AMOUNT: 11,252. DESCRIPTION: PREPAID EXPENSE. BEG. OF YEAR AMOUNT: 2,100. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 6,761. END OF YEAR AMOUNT: 14,966.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN SPAULDING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03178168900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA APARTMENT ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ANTHONY G GORUP EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0352110926
ReturnHeader/Filer/PhoneNum03178168900
ReturnHeader/Filer/USAddress/AddressLine1Txt09200 KEYSTONE XING STE 100
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0462402166
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481111111
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBIZ ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03925 RIVER CROSSING PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03174722200
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C BRIAN THRASHER
ReturnHeader/ReturnTs02025-11-14T07:02:13-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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