Civic Intelligence

Chicagoland Apartment Association

990 • Fiscal year 2017 • EIN 36-3626780

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

557 West Randolph Street Suite 201Chicago, IL 60661

(312) 207-1890

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.27x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.11x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

72nd percentile

10%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$201,568

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

46%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

12%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$670,383

Up $212,243 (+46%) from 2016

Net Assets

Up

$491,814

Up $161,894 (+49%) from 2016

Liabilities

Up

$178,569

Up $50,349 (+39%) from 2016

Revenue

Up

$1,561,807

Up $172,095 (+12%) from 2016

Expenses

Up

$1,399,913

Up $100,335 (+7.7%) from 2016

Net Income

Up

$161,894

Up $71,760 (+80%) from 2016

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

2017

Assets$670,383
Liabilities$178,569
Net Assets$491,814

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

2017

Revenue$1,561,807
Expenses$1,399,913
Net Income$161,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$1,666,532
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$350,478$566,755▲ $216,277
Prepaid Expenses and Deferred Charges$72,526$50,833▼ $21,693
Accounts Receivable$29,570$42,749▲ $13,179
Land, Buildings, and Equipment, Net$5,566$10,046▲ $4,480
Total Assets$458,140$670,383▲ $212,243
Liabilities
Deferred Revenue$110,080$165,252▲ $55,172
Other Liabilities$11,196$11,196→ $0
Accounts Payable and Accrued Expenses$6,944$2,121▼ $4,823
Total Liabilities$128,220$178,569▲ $50,349
Net Assets / Fund Balance
Unrestricted Net Assets$329,920$491,814▲ $161,894
Total Net Assets Fund Balance$329,920$491,814▲ $161,894
Total Liabilities and Net Assets / Fund Balance$458,140$670,383▲ $212,243

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,046$51,515$61,561
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J MiniExec. Vice PFT$166,733$34,835$201,568
Michael J MiniExec. Vice President-$166,733$34,835$201,568

Board Members and Trustees

NameTitle
Steve RappinPresident
Adnan DarrDirector
Carl PettigrewDirector
Cynthia PokrzywaDirector
Gina Fortune HarmonDirector
Jacqui CheathamDirector
James CunninghamDirector
Joshua KelleyDirector
Ken SlomaDirector
Len Deering CcimDirector
Patrick BorchardDirector
Richard GoldsteinDirector
Robert GleasonDirector
Robin LongneckerDirector
Ron DevriesDirector
Scott FergusonDirector
Stephen K RachmanDirector
Stephen SiseDirector
Steve MatreDirector
Steve VicentenoDirector
Susan MccannDirector
Valerie FertittaDirector
Kellie Devilbiss1st Vice Pre
Dan Gladden2nd Vice Pre
Diana Pittro2nd Vice Pre
Mike CollinsMember at La
Stuart HandlerMember at La
Gary LundemoPast Preside
Steven JoungSecretary
Peter HolstenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,490,562
Investment Income
$373
Other Revenue
$70,872
Change in Net Assets
$161,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$850,466
Salaries, Compensation, and Employee Benefits$549,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$443,900
Conferences and Meetings---$408,816
Occupancy---$67,934
Advertising---$57,694
Other Employee Benefits---$55,707
All Other Expenses---$45,815
Payroll Taxes---$37,191
Fees for Services Accounting---$29,335
Office Expenses---$22,238
Other Expenses---$19,354
Pension Plan Contributions---$12,649
Insurance---$6,568
Fees for Services Other---$4,653
Fees for Services Legal---$1,725
Total Functional Expenses$0$0$0$1,399,913
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$175,597
Fundraising Direct Expenses$104,725
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$100,535$100,535$34,152$66,383
Holiday Party$66,250$66,250$63,692$2,558
Total Events$175,597$175,597$104,725$70,872
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$73,269
Total Nondeductible Lobbying and Political Cost$73,269
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Rent$11,196
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 SUITE 201, CHICAGO, IL 60661

Signing Officer

Name
Michael J Mini
Title
Exec. Vice President
Phone
3122071890
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Rappin
Formed
1997
Legal Domicile
Il
Voting Board Members
30
Independent Board Members
30
Employees
7
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
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LA
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IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXEC. 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/ProgramServiceRevenueGrp/Desc2LICENSE AGREEMENTS
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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