Civic Intelligence

Chicagoland Apartment Association

990 • Fiscal year 2015 • EIN 36-3626780

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 31, 2016

557 West Randolph Street 2nd FloorChicago, IL 60661

(312) 207-1890

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.40x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.12x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

65th percentile

$179,289

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

27%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$396,748

Down $59,966 (-13%) from 2014

Net Assets

Up

$239,786

Up $61,003 (+34%) from 2014

Liabilities

Down

$156,962

Down $120,969 (-44%) from 2014

Revenue

Up

$1,325,435

Up $278,480 (+27%) from 2014

Expenses

Up

$1,264,432

Up $264,665 (+26%) from 2014

Net Income

Up

$61,003

Up $13,815 (+29%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $322,547Liabilities 2010: $287,205Net Assets 2010: $35,3422010Assets 2011: $343,869Liabilities 2011: $342,951Net Assets 2011: $9182011Assets 2012: $465,779Liabilities 2012: $405,308Net Assets 2012: $60,4712012Assets 2013: $356,968Liabilities 2013: $225,342Net Assets 2013: $131,6262013Assets 2014: $456,714Liabilities 2014: $277,931Net Assets 2014: $178,7832014Assets 2015: $396,748Liabilities 2015: $156,962Net Assets 2015: $239,7862015Assets 2016: $458,140Liabilities 2016: $128,220Net Assets 2016: $329,9202016Assets 2017: $670,383Liabilities 2017: $178,569Net Assets 2017: $491,8142017Assets 2018: $1,049,395Liabilities 2018: $284,565Net Assets 2018: $764,8302018Assets 2019: $1,253,467Liabilities 2019: $328,756Net Assets 2019: $924,7112019Assets 2020: $825,546Liabilities 2020: $230,100Net Assets 2020: $595,4462020Assets 2021: $952,786Liabilities 2021: $360,297Net Assets 2021: $592,4892021Assets 2022: $1,048,903Liabilities 2022: $331,569Net Assets 2022: $717,3342022Assets 2023: $1,124,843Liabilities 2023: $269,788Net Assets 2023: $855,0552023Assets 2024: $1,380,855Liabilities 2024: $432,459Net Assets 2024: $948,3962024

Highlighted filing

2015

Assets$396,748
Liabilities$156,962
Net Assets$239,786

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $995,4232010Expenses 2011: $1,038,4472011Expenses 2012: $1,050,1292012Revenue 2013: $1,187,160Expenses 2013: $1,116,005Net Income 2013: $71,1552013Revenue 2014: $1,046,955Expenses 2014: $999,767Net Income 2014: $47,1882014Revenue 2015: $1,325,435Expenses 2015: $1,264,432Net Income 2015: $61,0032015Revenue 2016: $1,389,712Expenses 2016: $1,299,578Net Income 2016: $90,1342016Revenue 2017: $1,561,807Expenses 2017: $1,399,913Net Income 2017: $161,8942017Revenue 2018: $1,773,227Expenses 2018: $1,507,509Net Income 2018: $265,7182018Revenue 2019: $1,685,349Expenses 2019: $1,525,468Net Income 2019: $159,8812019Revenue 2020: $1,139,418Expenses 2020: $1,468,683Net Income 2020: -$329,2652020Revenue 2021: $1,325,568Expenses 2021: $1,328,525Net Income 2021: -$2,9572021Revenue 2022: $1,815,642Expenses 2022: $1,690,797Net Income 2022: $124,8452022Revenue 2023: $2,226,832Expenses 2023: $2,089,111Net Income 2023: $137,7212023Revenue 2024: $1,904,388Expenses 2024: $1,808,822Net Income 2024: $95,5662024

Highlighted filing

2015

Revenue$1,325,435
Expenses$1,264,432
Net Income$61,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 31, 2016
Return Version
2015v2.1
Gross Receipts
$1,436,208
Mission and Program Overview

Mission

Chicagoland apartment association ("caa") is a non-profit association formed to advance the rental housing industry by providing education, legislative and informational support, enabling members to operate successfully while contributing to the community around them. Caa offers educational courses related to property management, publishes a magazine, organizes an annual awards program and supports lobbying activities. Revenues are derived from member dues, program revenues and special events. Caa is an affiliate of the national apartment association ("naa"), a national advocate for quality rental housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$391,055$254,801▼ $136,254
Accounts Receivable$29,783$87,567▲ $57,784
Prepaid Expenses and Deferred Charges$29,576$46,719▲ $17,143
Land, Buildings, and Equipment, Net$6,300$7,661▲ $1,361
Total Assets$456,714$396,748▼ $59,966
Liabilities
Deferred Revenue$245,320$134,087▼ $111,233
Other Liabilities$22,842$17,505▼ $5,337
Accounts Payable and Accrued Expenses$9,769$5,370▼ $4,399
Total Liabilities$277,931$156,962▼ $120,969
Net Assets / Fund Balance
Unrestricted Net Assets$178,783$239,786▲ $61,003
Total Net Assets Fund Balance$178,783$239,786▲ $61,003
Total Liabilities and Net Assets / Fund Balance$456,714$396,748▼ $59,966

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,661$45,852$53,513
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J MiniExec. Vice PFT$150,450$28,839$179,289
Michael J MiniExec. Vice President-$150,450$28,839$179,289

Board Members and Trustees

NameTitle
Gary LundemoPresident
Carl PettigrewDirector
Dan WoodworthDirector
Daniel GladdenDirector
Doug HanrahanDirector
Ian BinghamDirector
Joshua KelleyDirector
Julie JohnsonDirector
Karla WagnerDirector
Len Deering CcimDirector
Mike CollinsDirector
Phyllis KemptonDirector
Ravi KandalaDirector
Richard GoldsteinDirector
Ron DevriesDirector
Stephen K RachmanDirector
Stephen SiseDirector
Steve MatreDirector
Steven JoungDirector
Valerie FertittaDirector
Steve Rappin1st Vice Pre
Kellie Devilbiss2nd Vice Pre
Stuart Handler2nd Vice Pre
Diana PittroMember at La
Susan MccannMember at La
Greg LozinakPast Preside
Peter HolstenSecretary
James CunninghamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,255,193
Investment Income
$289
Other Revenue
$69,953
Change in Net Assets
$61,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$728,250
Salaries, Compensation, and Employee Benefits$536,182
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,592$313,530-$432,122
Conferences and Meetings$330,946--$330,946
Occupancy-$55,794-$55,794
All Other Expenses$-2,553$56,867-$54,314
Other Employee Benefits-$51,105-$51,105
Advertising$9,271$37,500-$46,771
Payroll Taxes$11,401$26,602-$38,003
Other Expenses$30,667$21,785-$21,785
Office Expenses$8,035$9,926-$17,961
Pension Plan Contributions-$14,952-$14,952
Fees for Services Accounting-$12,706-$12,706
Insurance-$6,299-$6,299
Fees for Services Legal-$1,089-$1,089
Total Functional Expenses$572,825$691,607$0$1,264,432
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$180,726
Fundraising Direct Expenses$110,773
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$108,481$108,481$46,834$61,647
Holiday Party$61,175$61,175$55,504$5,671
Total Events$180,726$180,726$110,773$69,953
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$69,181
Total Nondeductible Lobbying and Political Cost$69,181
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Rent$17,505
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association has two classes of members, regular and associate members

Form 990, Page 6, Part VI, Line 7A

Members elect board of directors.

Form 990, Page 6, Part VI, Line 11B

Form 990 is submitted for management and treasurer review while an electronic copy is available for all board members.

Form 990, Page 6, Part VI, Line 12C

The association's management analyzes amounts due from or to any officer, director, or member of a committee with governing board delegated powers to analyze amounts paid to or received from such person. The association's management also submits a questionnaire annually to such person with the questions designed to detect any violation of the conflict of interest policy. The management then prepares a report of its findings and presents it to the board of directors.

Form 990, Page 6, Part VI, Line 15A

Executive vice president's compensation is determined and reviewed by the board using comparative compensation studies.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Chicagoland Apartment Association
EIN
36-3626780
Phone
3122071890
Address
557 WEST RANDOLPH STREET 2ND FLOOR, CHICAGO, IL 60661

Signing Officer

Name
Michael J Mini
Title
Exec. Vice President
Phone
3122071890
Signed
2016-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Rappin
Formed
1997
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
28
Employees
5
Volunteers
200

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
Preparer
Chad Porter
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Chicagoland apartment association ("caa") is a non-profit association formed to advance the rental housing industry by providing education, legislative and informational support, enabling members to operate successfully while contributing to the community around them. Caa offers educational courses related to property management, publishes a magazine, organizes an annual awards program and supports lobbying activities. Revenues are derived from member dues, program revenues and special events. Caa is an affiliate of the national apartment association ("naa"), a national advocate for quality rental housing.

Form 990, Page 2, Part III, Line 4D

The association publishes a quarterly magazine which provides caa members with useful, informative,in-depth articles on multifamily housing industry issues. Community spotlights, information about upcoming education programs, event registration information, vendor profiles, and reviews of caa events are featured. The chicagoland apartment marketing and management excellence (camme) awards are typically held annually to celebrate multi-family housing companies and professionals that have demonstrated excellence in the previous year. The program includes an extensive judging process and an awards event.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt42ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LA
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXEC. VICE P
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IRS990/MissionDesc0CHICAGOLAND APARTMENT ASSOCIATION ("CAA") IS A NON-PROFIT ASSOCIATION FORMED TO ADVANCE THE RENTAL HOUSING INDUSTRY BY PROVIDING EDUCATION, LEGISLATIVE AND INFORMATIONAL SUPPORT, ENABLING MEMBERS TO OPERATE SUCCESSFULLY WHILE CONTRIBUTING TO THE COMMUNITY AROUND THEM. CAA OFFERS EDUCATIONAL COURSES RELATED TO PROPERTY MANAGEMENT, PUBLISHES A MAGAZINE, ORGANIZES AN ANNUAL AWARDS PROGRAM AND SUPPORTS LOBBYING ACTIVITIES. REVENUES ARE DERIVED FROM MEMBER DUES, PROGRAM REVENUES AND SPECIAL EVENTS. CAA IS AN AFFILIATE OF THE NATIONAL APARTMENT ASSOCIATION ("NAA"), A NATIONAL ADVOCATE FOR QUALITY RENTAL HOUSING.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ANNUAL TRADE SHOW FOR PRODUCTS AND SERVICES RELATED TO THE MULTIFAMILY HOUSING INDUSTRY
IRS990/ProgSrvcAccomActy3Grp/Desc0CAA PROVIDES EDUCATIONAL SEMINARS THROUGHOUT THE YEAR. THE EDUCATIONAL PROGRAMS MAY LEAD TO PROFESSIONAL DESIGNATIONS, LICENSING OR FAIR HOUSING COMPLIANCE FOR PROPERTY OWNERS, MANAGERS, MAINTENANCE TECHNICIANS AND LEASING PROFESSIONALS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ASSOCIATION PUBLISHES A QUARTERLY MAGAZINE WHICH PROVIDES CAA MEMBERS WITH USEFUL, INFORMATIVE,IN-DEPTH ARTICLES ON MULTIFAMILY HOUSING INDUSTRY ISSUES. COMMUNITY SPOTLIGHTS, INFORMATION ABOUT UPCOMING EDUCATION PROGRAMS, EVENT REGISTRATION INFORMATION, VENDOR PROFILES, AND REVIEWS OF CAA EVENTS ARE FEATURED. THE CHICAGOLAND APARTMENT MARKETING AND MANAGEMENT EXCELLENCE (CAMME) AWARDS ARE TYPICALLY HELD ANNUALLY TO CELEBRATE MULTI-FAMILY HOUSING COMPANIES AND PROFESSIONALS THAT HAVE DEMONSTRATED EXCELLENCE IN THE PREVIOUS YEAR. THE PROGRAM INCLUDES AN EXTENSIVE JUDGING PROCESS AND AN AWARDS EVENT.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.43$0.95$1.90$1.81$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.27$0.86$2.23$2.09$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.33$0.72$1.82$1.69$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.36$0.59$1.33$1.33$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.23$0.60$1.14$1.47$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.25$0.33$0.92$1.69$1.53$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.28$0.76$1.77$1.51$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.18$0.49$1.56$1.40$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.13$0.33$1.39$1.30$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.16$0.24$1.33$1.26$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.28$0.18$1.05$1.00$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.23$0.13$1.19$1.12$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.41$0.06$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$0.00$1.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.29$0.04$1.00