Civic Intelligence

South East Florida Apartment Association Inc

EIN 65-0036888 • 501(c)6 • Delray Beach, FL

Profile

MISSION STATEMENT

352 NE 3rd AveDelray Beach, FL 33444

www.sefaa.com

Siviq Scores

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

Liabilities / Assets

55th percentile

0.18x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.35x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

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

Asset Growth

23rd percentile

-4.3%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

45th percentile

4.1%

Faster revenue growth than 45% of similar nonprofits.

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

Assets

Down

$3,980,342

Down $177,763 (-4.3%) from 2023

Liabilities

Down

$710,660

Down $486,404 (-41%) from 2023

Net Assets

Up

$3,269,682

Up $308,641 (+10%) from 2023

Revenue

Up

$2,045,009

Up $80,938 (+4.1%) from 2023

Expenses

Up

$1,735,009

Up $330,782 (+24%) from 2023

Net Income

Down

$310,000

Down $249,844 (-45%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $49,022Liabilities 2011: $13,790Net Assets 2011: $35,2322011Assets 2012: $51,798Liabilities 2012: $95,319Net Assets 2012: -$43,5212012Assets 2013: $98,043Liabilities 2013: $112,083Net Assets 2013: -$14,0402013Assets 2014: $296,517Liabilities 2014: $84,837Net Assets 2014: $211,6802014Assets 2015: $533,494Liabilities 2015: $47,082Net Assets 2015: $486,4122015Assets 2016: $816,452Liabilities 2016: $58,184Net Assets 2016: $758,2682016Assets 2017: $1,299,012Liabilities 2017: $262,175Net Assets 2017: $1,036,8372017Assets 2018: $2,057,556Liabilities 2018: $661,552Net Assets 2018: $1,396,0042018Assets 2019: $2,437,262Liabilities 2019: $716,859Net Assets 2019: $1,720,4032019Assets 2020: $2,602,340Liabilities 2020: $738,368Net Assets 2020: $1,863,9722020Assets 2021: $2,869,015Liabilities 2021: $804,062Net Assets 2021: $2,064,9532021Assets 2022: $3,592,689Liabilities 2022: $1,253,589Net Assets 2022: $2,339,1002022Assets 2023: $4,158,105Liabilities 2023: $1,197,064Net Assets 2023: $2,961,0412023Assets 2024: $3,980,342Liabilities 2024: $710,660Net Assets 2024: $3,269,6822024

Highlighted filing

2024

Assets$3,980,342
Liabilities$710,660
Net Assets$3,269,682

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $459,872Expenses 2011: $588,990Net Income 2011: -$129,1182011Expenses 2012: $652,6642012Revenue 2013: $730,103Expenses 2013: $700,622Net Income 2013: $29,4812013Revenue 2014: $721,612Expenses 2014: $495,892Net Income 2014: $225,7202014Revenue 2015: $919,802Expenses 2015: $645,070Net Income 2015: $274,7322015Revenue 2016: $1,068,239Expenses 2016: $828,167Net Income 2016: $240,0722016Revenue 2017: $1,274,772Expenses 2017: $980,497Net Income 2017: $294,2752017Revenue 2018: $1,309,054Expenses 2018: $949,887Net Income 2018: $359,1672018Revenue 2019: $1,305,655Expenses 2019: $978,389Net Income 2019: $327,2662019Revenue 2020: $961,029Expenses 2020: $811,591Net Income 2020: $149,4382020Revenue 2021: $1,085,427Expenses 2021: $899,167Net Income 2021: $186,2602021Revenue 2022: $1,604,896Expenses 2022: $1,331,106Net Income 2022: $273,7902022Revenue 2023: $1,964,071Expenses 2023: $1,404,227Net Income 2023: $559,8442023Revenue 2024: $2,045,009Expenses 2024: $1,735,009Net Income 2024: $310,0002024

Highlighted filing

2024

Revenue$2,045,009
Expenses$1,735,009
Net Income$310,000

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.71$3.27$2.05$1.74$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$1.20$2.96$1.96$1.40$0.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$1.25$2.34$1.60$1.33$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.80$2.06$1.09$0.90$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.74$1.86$0.96$0.81$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.72$1.72$1.31$0.98$0.33
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.66$1.40$1.31$0.95$0.36
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.26$1.04$1.27$0.98$0.29
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.06$0.76$1.07$0.83$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.05$0.49$0.92$0.65$0.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.08$0.21$0.72$0.50$0.23
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.11$0.01$0.73$0.70$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.10$0.04$0.65
2011Summary only. Only limited summary data is available for this year.$0.05$0.01$0.04$0.46$0.59$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 4, 2025
Return Version
2024v5.2
Gross Receipts
$2,045,009
Mission and Program Overview

Mission

To serve the apartment industry by providing education, career advancment, professional networking, volunteer leadership development and participation in state and national association activities, including hosting cam, fair housing, EPA, legal and other seminars.

To serve the apartment industry by providing education, career advancement, and professional marketing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,658,252$3,789,022▲ $1,130,770
Cash and Non-Interest-Bearing Accounts$664,188--
Accounts Receivable$735,565$151,801▼ $583,764
Prepaid Expenses and Deferred Charges$100,100$39,519▼ $60,581
Total Assets$4,158,105$3,980,342▼ $177,763
Liabilities
Deferred Revenue$1,130,268$680,990▼ $449,278
Accounts Payable and Accrued Expenses$66,796$29,670▼ $37,126
Total Liabilities$1,197,064$710,660▼ $486,404
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,961,041$3,269,682▲ $308,641
Total Net Assets Fund Balance$2,961,041$3,269,682▲ $308,641
Total Liabilities and Net Assets / Fund Balance$4,158,105$3,980,342▼ $177,763
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sara CoxPresident
Patrick LewisPresident Elect
Alicia RiceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,094,424
Program Service Revenue
$831,566
Investment Income
$119,019
Other Revenue
$0
All Other Contributions
$69,625
Change in Net Assets
$310,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,735,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$10,004$651,141-$661,145
Other Expenses$94,252$94,681-$94,252
Advertising$33,726$55,158-$88,884
Occupancy$52,617--$52,617
Office Expenses-$50,787-$50,787
All Other Expenses-$47,584-$47,584
Travel$2,778$21,268-$24,046
Insurance$7,495$1,264-$8,759
Total Functional Expenses$774,079$960,930$0$1,735,009
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association is owned by a membership body that pays dues on an annual Basis

Form 990, Part VI, Section A, Line 7B

Meetings and elections are held to appoint a Board that oversees the operations.

Form 990, Part VI, Section B, Line 12C

Meetings are held on a monthly basis and company management monitors conflict of interest.

Form 990, Part VI, Section C, Line 19

No documents are available to the public unless requested.

Form 990, Part VI, Section C, Line 19

All Available upon request.

Filing and Contact Details

Filer

Filer Name
South East Florida Apartment Association Inc
EIN
65-0036888
Phone
5614470696
Address
352 NE 3rd Ave, Delray Beach, FL 33444

Signing Officer

Name
Francesca Radabaugh
Title
Pres
Phone
5614470696
Signed
2025-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francesca Radabaugh
Formed
1988
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Robert J Boyer CPA PA
Address
11379 NW 20th Dr, Coral Springs, FL 33071
Preparer
Robert J Boyer
Phone
9546460438
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 Exibite

Form 990, Part XI, Line 8

Prior Period Adjustment Immaterial

Raw XML Appendix317 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.

Path#Value
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IRS990/AllOtherContributionsAmt069625
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IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
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IRS990/BooksInCareOfDetail/PhoneNum05614470696
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0352 NE 3rd Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0DelrayBeach
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033444
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0664188
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IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
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IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01094424
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IRS990/CYTotalRevenueAmt02045009
IRS990/DecisionsSubjectToApprovaInd0true
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IRS990/DeferredRevenueGrp/BOYAmt01130268
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Exhibition organized to showcase an demonstrate membership of the apartment association, and related tradeshows
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0774079
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IRS990/FederalGrantAuditPerformedInd0false
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IRS990/FeesForServicesAccountingGrp/TotalAmt00
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IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Patrick Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm1Sara Cox
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0President Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt02045009
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01264
IRS990/InsuranceGrp/ProgramServicesAmt07495
IRS990/InsuranceGrp/TotalAmt08759
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0119019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0119019
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0To serve the apartment industry by providing education, career advancment, professional networking, volunteer leadership development and participation in state and national association activities, including hosting cam, fair housing, EPA, legal and other seminars.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt02961041
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02961041
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt052617
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IRS990/OfficerMailingAddressInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Special Events and Sponsorships
IRS990/OtherExpensesGrp/Desc1National and State Dues
IRS990/OtherExpensesGrp/Desc2Board Directors
IRS990/OtherExpensesGrp/Desc3Equipment ental
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IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 Exibite
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prior Period Adjustment Immaterial
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The association is owned by a membership body that pays dues on an annual Basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Meetings and elections are held to appoint a Board that oversees the operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Meetings are held on a monthly basis and company management monitors conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No documents are available to the public unless requested.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XI, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Francesca Radabaugh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Pres
ReturnHeader/BusinessOfficerGrp/PhoneNum05614470696
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0South East Florida Apartment Association Inc
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0592992742
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert J Boyer CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011379 NW 20th Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Coral Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert J Boyer
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ReturnHeader/ReturnTs02025-09-04T03:08:05-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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