Civic Intelligence

Permian Basin Apartment Association

EIN 75-1875806 • 501(c)6 • Midland, TX

Profile

Cultivate good business practice for the multi-housing industry

P O Box 61728Midland, TX 79711-1728

www.pbaatx.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.02x

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

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.02x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

8.0%

Faster asset growth than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$211,887

Up $40,694 (+24%) from 2023

Liabilities

Down

$4,635

Down $50 (-1.1%) from 2023

Net Assets

Up

$207,252

Up $40,744 (+24%) from 2023

Revenue

Up

$307,490

Up $51,647 (+20%) from 2023

Expenses

Down

$266,745

Down $2,994 (-1.1%) from 2023

Net Income

Up

$40,745

Up $54,641 (+393%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $50,027Liabilities 2010: $0Net Assets 2010: $50,0272010Assets 2011: $63,719Liabilities 2011: $0Net Assets 2011: $63,7192011Assets 2012: $44,419Liabilities 2012: $7,643Net Assets 2012: $36,7762012Assets 2013: $159,238Liabilities 2013: $7,547Net Assets 2013: $151,6912013Assets 2014: $59,705Liabilities 2014: -$1,941Net Assets 2014: $61,6462014Assets 2015: $50,661Liabilities 2015: -$6,939Net Assets 2015: $57,6002015Assets 2016: $72,522Liabilities 2016: $2,341Net Assets 2016: $70,1812016Assets 2017: $58,716Liabilities 2017: $62Net Assets 2017: $58,6542017Assets 2018: $85,897Liabilities 2018: $87Net Assets 2018: $85,8102018Assets 2019: $134,008Liabilities 2019: $130Net Assets 2019: $133,8782019Assets 2020: $167,585Liabilities 2020: $443Net Assets 2020: $167,1422020Assets 2021: $220,190Liabilities 2021: $197Net Assets 2021: $219,9932021Assets 2022: $181,756Liabilities 2022: $1,347Net Assets 2022: $180,4092022Assets 2023: $171,193Liabilities 2023: $4,685Net Assets 2023: $166,5082023Assets 2024: $211,887Liabilities 2024: $4,635Net Assets 2024: $207,2522024

Highlighted filing

2024

Assets$211,887
Liabilities$4,635
Net Assets$207,252

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $73,6312010Expenses 2011: $107,8392011Expenses 2012: $120,0712012Revenue 2013: $254,823Expenses 2013: $139,908Net Income 2013: $114,9152013Revenue 2014: $95,147Expenses 2014: $185,192Net Income 2014: -$90,0452014Revenue 2015: $195,784Expenses 2015: $199,830Net Income 2015: -$4,0462015Revenue 2016: $200,545Expenses 2016: $187,964Net Income 2016: $12,5812016Revenue 2017: $214,798Expenses 2017: $226,327Net Income 2017: -$11,5292017Revenue 2018: $198,271Expenses 2018: $171,113Net Income 2018: $27,1582018Revenue 2019: $217,514Expenses 2019: $169,447Net Income 2019: $48,0672019Revenue 2020: $223,697Expenses 2020: $190,435Net Income 2020: $33,2622020Revenue 2021: $261,652Expenses 2021: $211,375Net Income 2021: $50,2772021Revenue 2022: $244,494Expenses 2022: $283,382Net Income 2022: -$38,8882022Revenue 2023: $255,843Expenses 2023: $269,739Net Income 2023: -$13,8962023Revenue 2024: $307,490Expenses 2024: $266,745Net Income 2024: $40,7452024

Highlighted filing

2024

Revenue$307,490
Expenses$266,745
Net Income$40,745

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.05$2.07$3.07$2.67$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.71$0.05$1.67$2.56$2.70$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.01$1.80$2.44$2.83$0.39
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$2.62$2.11$0.50
2020Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.67$2.24$1.90$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$2.18$1.69$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$1.98$1.71$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$2.15$2.26$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.70$2.01$1.88$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.07$0.58$1.96$2.00$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.62$0.95$1.85$0.90
2013Detailed filing. Detailed filing data is available for this year.$1.59$0.08$1.52$2.55$1.40$1.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.08$0.37$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$1.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$400,796
Mission and Program Overview

Mission

Cultivate good business practice for the multi-housing industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$160,344$110,656▼ $49,688
Cash and Non-Interest-Bearing Accounts$8,822$55,239▲ $46,417
Investments Other Securities-$44,445-
Prepaid Expenses and Deferred Charges$825$825→ $0
Land, Buildings, and Equipment, Net$1,202$722▼ $480
Accounts Receivable$0$0→ $0
Total Assets$171,193$211,887▲ $40,694
Liabilities
Accounts Payable and Accrued Expenses$4,685$4,635▼ $50
Total Liabilities$4,685$4,635▼ $50
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$166,508$207,252▲ $40,744
Total Net Assets Fund Balance$166,508$207,252▲ $40,744
Total Liabilities and Net Assets / Fund Balance$171,193$211,887▲ $40,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$722$3,453$4,175
Land$0--
Other Securities$-2,425--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sylvia LacyExecutive DirectorPT$58,718$58,718

Board Members and Trustees

NameTitle
Michelle RobinsonPresident
Jayce RodriguezVice President
Amanda SchneckBoard Member
Ashley JenkinsBoard Member
Danielle LenyeeBoard Member
Jacee CortezBoard Member
Marissa JacksonBoard Member
Misty PortilloBoard Member
Tiffany OrtizBoard Member
Jason SimpsonSecretary
Misty StewartSecretary
Manuel SanchezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$321,454
Program Service Revenue
$0
Investment Income
$2,523
Other Revenue
$-16,487
All Other Contributions
$9,725
Change in Net Assets
$40,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,769
Salaries, Compensation, and Employee Benefits$66,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$62,463$0$62,463
All Other Expenses$32,907$0$0$32,907
Travel$26,238$0$0$26,238
Information Technology$15,636$0$0$15,636
Office Expenses$12,280$0$0$12,280
Occupancy$11,982$0$0$11,982
Insurance$9,394$0$0$9,394
Conferences and Meetings$6,818$0$0$6,818
Other Expenses$6,237$0$0$6,237
Fees for Services Accounting$4,235$500$0$4,735
Payroll Taxes$0$4,513$0$4,513
Advertising$2,315$0$0$2,315
Depreciation Depletion$480$0$0$480
Total Functional Expenses$199,269$67,476$0$266,745
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$93,306
Fundraising Gross Income$57,598
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Permian Basin Apartment Association
EIN
75-1875806
Phone
4329941373
Address
P O BOX 61728, MIDLAND, TX 79711-1728

Signing Officer

Name
Stephanie Iniguez
Title
Executive Director
Phone
4329941373
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Iniguez
Formed
1983
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
9

Preparer

Firm
Ron Kirby CPA
Address
2626 JBS PKWY STE B 200, ODESSA, TX 79761
Preparer
Ron Kirby
Phone
4325502708
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is made available at the monthly meeting after it has been filed.

Form 990, Part IX, Line 24E

Payroll expenses 1127. 1127.

Form 990, Part IX, Line 24E

COMMUNITY SERVICES 0. 0.

Form 990, Part IX, Line 24E

MERCHANDISE 0. 0.

Form 990, Part IX, Line 24E

SERVICES 31581. 31581.

Form 990, Part IX, Line 24E

SALES TAX 199. 199.

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IRS990/NetAssetsOrFundBalancesBOYAmt0166508
IRS990/NetAssetsOrFundBalancesEOYAmt0207252
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-35708
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-35708
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0166508
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0207252
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt011982
IRS990/OccupancyGrp/TotalAmt011982
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt012280
IRS990/OfficeExpensesGrp/TotalAmt012280
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0VENDOR DUE
IRS990/OtherExpensesGrp/Desc1EDUCATION SEMINAR
IRS990/OtherExpensesGrp/Desc2CPO CLASS EXPENSE
IRS990/OtherExpensesGrp/Desc3DONATIONS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt043385
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt227362
IRS990/OtherExpensesGrp/ProgramServicesAmt36237
IRS990/OtherExpensesGrp/TotalAmt043385
IRS990/OtherExpensesGrp/TotalAmt10
IRS990/OtherExpensesGrp/TotalAmt227362
IRS990/OtherExpensesGrp/TotalAmt36237
IRS990/OtherRevenueTotalAmt019221
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062463
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt062463
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04513
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt04513
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0825
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0825
IRS990/PrincipalOfficerNm0STEPHANIE INIGUEZ
IRS990/PriorPeriodAdjustmentsAmt0-1
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0215716
IRS990/PYInvestmentIncomeAmt0441
IRS990/PYOtherExpensesAmt0205714
IRS990/PYOtherRevenueAmt039686
IRS990/PYRevenuesLessExpensesAmt0-13896
IRS990/PYSalariesCompEmpBnftPaidAmt064025
IRS990/PYTotalExpensesAmt0269739
IRS990/PYTotalRevenueAmt0255843
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt040745
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0307490
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0160344
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110656
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0722
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03453
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04175
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt027923
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt19732
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt29215
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3-2425
IRS990ScheduleD/OtherSecuritiesGrp/Desc0RAYMOND JAMES- MUTUAL FUN
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RJ- STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2RJ- ALT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3UNREALIZED GAINS/ LOSS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0722
IRS990ScheduleD/TotalBookValueSecuritiesAmt044445
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS MADE AVAILABLE AT THE MONTHLY MEETING AFTER IT HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL EXPENSES 1127. 1127.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMUNITY SERVICES 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MERCHANDISE 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SERVICES 31581. 31581.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALES TAX 199. 199.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0171193
IRS990/TotalAssetsEOYAmt0211887
IRS990/TotalAssetsGrp/BOYAmt0171193
IRS990/TotalAssetsGrp/EOYAmt0211887
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0321454
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067476
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0199269
IRS990/TotalFunctionalExpensesGrp/TotalAmt0266745
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt04685
IRS990/TotalLiabilitiesEOYAmt04635
IRS990/TotalLiabilitiesGrp/BOYAmt04685
IRS990/TotalLiabilitiesGrp/EOYAmt04635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0166508
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207252
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0199269
IRS990/TotalReportableCompFromOrgAmt058718
IRS990/TotalRevenueGrp/ExclusionAmt0-35708
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021744
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0307490
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171193
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0211887
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt026238
IRS990/TravelGrp/TotalAmt026238
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

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