National Apartment Association

“Greg cerbana, immediate past president of the board, and sloane cerbana, board member, have a family relationship.”

“Decisions made by the governing body are subject to final approval by the national apartment association's board of directors.”

“Naaei hires an independent accounting firm to prepare the federal form 990. Upon submission, the draft federal form 990 is reviewed by the naa president & ceo and the naaei executive committee prior to filing with the internal revenue service.”

“Naaei has a conflict-of-interest policy which is given and signed when an employee is hired and then on an annual basis this is distributed to all staff for their signatures. Conflict of interest may occur when naaei enters into transactions with either nonprofit organizations or for-profit enterprises. To avoid actual, potential, or even the appearance of, conflicts of interest, persons subject to the policy should disclose any connection or relationship with organizations or enterprises doing business with naaei and refrain from participating in decisions affecting transactions between naaei and the other organization or enterprise. The mere existence of a connection or relationship shall not prevent a transaction from taking place, however, so long as: (i) the relationship is disclosed; (ii) disinterested individuals make the necessary decisions; and (iii) the terms of the transaction are fair and reasonably comparable to those available in other commercial transactions where the parties are entirely independent of one another.”

“The vice president receives an annual review subject to approval by the president of the national apartment association. The compensation of other officers and key employees is not subject to an independent review. The president & ceo, chief operating officer, and the svp of finance are not compensated directly from naaei. They are compensated from the national apartment association.”

“Naaei makes its governing documents, conflict-of-interest policy, and financial statements available upon written request.”

“Learning management systems: program service expenses 722,776. Management and general expenses 0. Fundraising expenses 0. Total expenses 722,776. Other professional fees: program service expenses 426,128. Management and general expenses 0. Fundraising expenses 0. Total expenses 426,128. Website maintenance and digital advertising: program service expenses 212,747. Management and general expenses 0. Fundraising expenses 0. Total expenses 212,747. Temporary services: program service expenses 5,696. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,696.”

“Naaei does not directly hire or compensate employees. Naa, a related organization exempt under irs section 501(c)(6), is responsible for filing forms w-2s for all employees. The compensation and related non-taxable benefits are reported on part vii, section a as well as part ix of each organization as incurred. The total number of employees from naa that were shared with naaei was 8 as of december 31, 2024.”