Civic Intelligence

Apartment Association of North Carolina

EIN 62-1300896 • 501(c)6 • Raleigh, NC

Profile

AANC is dedicated to supporting its member's ever-changing needs through regulatory and legislative advocacy, industry education and communication.

188 Wind Chime Ct Ste 101Raleigh, NC 27615

n/A

Siviq Scores

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

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.04x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

3.3%

Higher net margin than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$194,518

Higher top officer pay than 68% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

48th percentile

4.6%

Faster asset growth than 48% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

0.1%

Faster revenue growth than 34% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$1,086,019

Up $47,708 (+4.6%) from 2023

Liabilities

Down

$58,697

Down $1,957 (-3.2%) from 2023

Net Assets

Up

$1,027,322

Up $49,665 (+5.1%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin47th percentile

Revenue

Up

$1,502,790

Up $1,493 (+0.1%) from 2023

Expenses

Up

$1,453,125

Up $114,080 (+8.5%) from 2023

Net Income

Down

$49,665

Down $112,587 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $220,263Liabilities 2010: $0Net Assets 2010: $220,2632010Assets 2011: $186,266Liabilities 2011: $0Net Assets 2011: $186,2662011Assets 2012: $162,931Liabilities 2012: $0Net Assets 2012: $162,9312012Assets 2013: $182,513Liabilities 2013: $0Net Assets 2013: $182,5132013Assets 2014: $242,140Liabilities 2014: $0Net Assets 2014: $242,1402014Assets 2015: $293,068Liabilities 2015: $0Net Assets 2015: $293,0682015Assets 2016: $334,045Liabilities 2016: $694Net Assets 2016: $333,3512016Assets 2017: $452,773Liabilities 2017: $3,323Net Assets 2017: $449,4502017Assets 2018: $517,707Liabilities 2018: $2,522Net Assets 2018: $515,1852018Assets 2019: $568,065Liabilities 2019: $0Net Assets 2019: $568,0652019Assets 2020: $624,650Liabilities 2020: $0Net Assets 2020: $624,6502020Assets 2021: $788,793Liabilities 2021: $0Net Assets 2021: $788,7932021Assets 2022: $889,726Liabilities 2022: $73,253Net Assets 2022: $816,4732022Assets 2023: $1,038,311Liabilities 2023: $60,654Net Assets 2023: $977,6572023Assets 2024: $1,086,019Liabilities 2024: $58,697Net Assets 2024: $1,027,3222024

Highlighted filing

2024

Assets$1,086,019
Liabilities$58,697
Net Assets$1,027,322
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $223,7792010Expenses 2011: $283,5832011Revenue 2012: $304,003Expenses 2012: $327,338Net Income 2012: -$23,3352012Revenue 2013: $374,156Expenses 2013: $354,574Net Income 2013: $19,5822013Revenue 2014: $427,684Expenses 2014: $368,057Net Income 2014: $59,6272014Revenue 2015: $482,023Expenses 2015: $431,095Net Income 2015: $50,9282015Revenue 2016: $616,874Expenses 2016: $576,591Net Income 2016: $40,2832016Revenue 2017: $992,525Expenses 2017: $876,426Net Income 2017: $116,0992017Revenue 2018: $1,036,479Expenses 2018: $970,744Net Income 2018: $65,7352018Revenue 2019: $940,972Expenses 2019: $888,092Net Income 2019: $52,8802019Revenue 2020: $1,102,995Expenses 2020: $1,041,412Net Income 2020: $61,5832020Revenue 2021: $1,135,808Expenses 2021: $971,665Net Income 2021: $164,1432021Revenue 2022: $1,366,076Expenses 2022: $1,338,396Net Income 2022: $27,6802022Revenue 2023: $1,501,297Expenses 2023: $1,339,045Net Income 2023: $162,2522023Revenue 2024: $1,502,790Expenses 2024: $1,453,125Net Income 2024: $49,6652024

Highlighted filing

2024

Revenue$1,502,790
Expenses$1,453,125
Net Income$49,665
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,086,019
Liabilities
$58,697
Net assets
$1,027,322
Revenue
$1,502,790
Expenses
$1,453,125
Net income
$49,665
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.06$1.03$1.50$1.45$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.06$0.98$1.50$1.34$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.07$0.82$1.37$1.34$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.14$0.97$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$1.10$1.04$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.94$0.89$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.04$0.97$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.99$0.88$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.62$0.58$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.48$0.43$0.05
2014Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.43$0.37$0.06
2013Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.37$0.35$0.02
2012Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.30$0.33$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,502,790
Mission and Program Overview

Mission

The apartment association of north carolina is a statewide organization dedicated to supporting its members through meaningful advocacy, education and services.

AANC is dedicated to supporting its member's ever-changing needs through regulatory and legislative advocacy, industry education and communication.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$847,880$796,666▼ $51,214
Cash and Non-Interest-Bearing Accounts$117,650$199,965▲ $82,315
Accounts Receivable$72,781$89,388▲ $16,607
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,038,311$1,086,019▲ $47,708
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$60,654$58,697▼ $1,957
Total Liabilities$60,654$58,697▼ $1,957
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$977,657$1,027,322▲ $49,665
Total Net Assets Fund Balance$977,657$1,027,322▲ $49,665
Total Liabilities and Net Assets / Fund Balance$1,038,311$1,086,019▲ $47,708
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon LowderExecutive DirectorFT$170,000$24,518$194,518

Board Members and Trustees

NameTitle
Jennings SniderPast President
Lisa TaylorPresident
Karen PerkinsVice President
Amy TimockoDirector
Angela RauppDirector
April VastaDirector
Bert WrayDirector
Bethany LykinsDirector
Chris SmithDirector
Cindy NitschkeDirector
Deidre QuickDirector
Doriane MurrayDirector
Eddie RobertsonDirector
Elizabeth RileyDirector
James CraigDirector
Jennifer PittmanDirector
Karen SpaidDirector
Kristin StantonDirector
Krysti KeserDirector
Maria BarkerDirector
Mary GwynDirector
Michelle O'BrienDirector
Rebecca RosarioDirector
Sandra PurcellDirector
Shane RabyDirector
Tina Gorby BakerDirector
Amy RitchySecretary
Amanda Siegal WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,885
Program Service Revenue
$1,445,738
Investment Income
$40,095
Other Revenue
$7,072
All Other Contributions
$9,885
Change in Net Assets
$49,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,112,744
Salaries, Compensation, and Employee Benefits$340,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$194,518
Fees for Services Lobbying---$91,500
Payroll Taxes---$84,422
All Other Expenses---$62,143
Other Employee Benefits---$45,703
Other Expenses---$43,868
Fees for Services Other---$40,155
Travel---$32,099
Occupancy---$30,162
Office Expenses---$25,434
Information Technology---$21,814
Other Salaries and Wages---$15,738
Fees for Services Legal---$6,500
Insurance---$2,032
Total Functional Expenses$0$0$0$1,453,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$99,572
Total Nondeductible Lobbying and Political Cost$99,572
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Apartment Association of North Carolina
EIN
62-1300896
Address
188 Wind Chime Ct Ste 101, Raleigh, NC 27615

Signing Officer

Name
Jon Lowder
Title
Executive Director
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Lowder
Formed
1988
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
25
Employees
4
Volunteers
250

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Robert Dobbins
Phone
7043721515
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