MISSISSIPPI APARTMENT ASSOCIATION

EIN: 260395422 Community Improvement

BRANDON, MS

Total Revenue
$339,487
Total Expenses
$334,952
Total Assets
$247,349
Net Assets
$236,807
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MS
Principal Officer
CRAIG KIRKLAND
Phone
6019929933
Tax Period
2024-01-01 to 2024-12-31

MISSISSIPPI APARTMENT ASSOCIATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $339K in total revenue in fiscal year 2024.

Mission

THE MISSISSIPPI APARTMENT ASSOCIATION, AN AFFILIATE OF THE NATIONAL APARTMENT ASSOCIATION, PROMOTES AND ENHANCES THE PROFESSIONALISM OF THE APARTMENT INDUSTRY BY PROVIDING QUALITY EDUCATION, NATIONAL DESIGNATIONS, NETWORKING EVENTS, AND TRADE SHOWS.

Program Service Accomplishments

Program 1

THE 2024 YEAR WAS FILLED WITH GROWTH, ENGAGEMENT, AND EDUCATIONAL OPPORTUNITIES FOR THE MISSISSIPPI APARTMENT ASSOCIATION (MAA) COMMUNITY. THROUGHOUT THE YEAR, MAA PRIORITIZED CREATING NETWORKING...

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THE 2024 YEAR WAS FILLED WITH GROWTH, ENGAGEMENT, AND EDUCATIONAL OPPORTUNITIES FOR THE MISSISSIPPI APARTMENT ASSOCIATION (MAA) COMMUNITY. THROUGHOUT THE YEAR, MAA PRIORITIZED CREATING NETWORKING OPPORTUNITIES AND OFFERING VALUABLE LEARNING EXPERIENCES FOR OUR MEMBERS.THE ASSOCIATION KICKED OFF THE YEAR WITH THE HIGHLY ANTICIPATED ANNUAL CONFERENCE AND TRADESHOW IN THE SPRING. THIS EVENT WAS A GREAT SUCCESS, PROVIDING ATTENDEES WITH THE CHANCE TO CONNECT WITH INDUSTRY PEERS, EXPLORE NEW PRODUCTS AND SERVICES, AND EARN UP TO 6 CONTINUING EDUCATION CREDITS, ENHANCING THEIR PROFESSIONAL DEVELOPMENT.ADDITIONALLY, MAA'S WORK IN LOCAL GOVERNMENT AFFAIRS WAS A MAJOR FOCUS THROUGHOUT THE YEAR. THE ASSOCIATION REMAINED COMMITTED TO ADVOCATING FOR ITS MEMBERS AND STAYING ENGAGED WITH LOCAL POLICY ISSUES THAT IMPACT THE INDUSTRY.AS 2024 CAME TO A CLOSE, THE ASSOCIATION IS PROUD TO REPORT THAT MAA ENDED THE YEAR WITH 351 MEMBERS, COLLECTIVELY REPRESENTING 36,012 UNITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,949
Program Service Revenue $196,994
Investment Income $1,544
Other Revenue $0
TOTAL REVENUE $339,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,015
Fundraising Expenses $0
Other Expenses $221,937
TOTAL EXPENSES $334,952

Year-over-Year Comparison

2024 2023 Change
Revenue $339,487 $335,360 +0.0%
Expenses $334,952 $370,901 -0.1%
Net Income $4,535 $-35,541 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
340

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$60,338
Total Directors
10
$60,338
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAMBERLAN CAROTHERS BOARD MEMBER 1.00
Director
$0 $0 $0
LISA OLIVER BOARD MEMBER 1.00
Director
$0 $0 $0
MEGHAN ELDER ASSOCIATION DIRECTOR 40.00
Officer Director
$58,178 $2,160 $60,338
MELISSA ROMINES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE ARCHER-LITTLEJOHN IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
MORGAN LIVINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT IRELAND BOARD MEMBER 1.00
Director
$0 $0 $0
SHERRY MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY HUTCHINS BOARD MEMBER 1.00
Director
$0 $0 $0
YANCEY HARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
COURTNEY WILKERSON VICE PRESIDENT 1.00
Officer
$0 $0 $0
CRAIG KIRKLAND TREASURER 1.00
Officer
$0 $0 $0
FRANK BUCHANAN PRESIDENT 1.00
Officer
$0 $0 $0
MATT SMITH SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $339,487 $334,952 $247,349 $4,535
2023 $335,360 $370,901 $242,940 $-35,541
2022 $364,088 $326,799 $292,290 $37,289
2021 $264,019 $252,524 $231,637 $11,495
2020 $252,840 $232,081 $219,598 $20,759
2019 $245,236 $247,711 $201,327 $-2,475
2018 $232,782 $197,964 $208,178 $34,818
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