NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE

EIN: 521508111 501(c)(3)

ARLINGTON, VA

Total Revenue
$4,030,602
Total Expenses
$3,944,287
Total Assets
$8,688,677
Net Assets
$7,570,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
ROBERT PINNEGAR
Phone
7035186141
Tax Period
2025-01-01 to 2025-12-31

NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE, founded in 1986, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2025.

Mission

THE MISSION OF THE NAA EDUCATION INSTITUTE (NAAEI) IS TO PROVIDE BROAD-BASED EDUCATION, TRAINING AND RECRUITMENT PROGRAMS THAT ATTRACT, NURTURE, AND RETAIN HIGH-QUALITY PROFESSIONALS AND DEVELOP TOMORROW'S APARTMENT INDUSTRY LEADERS; AND TO CONDUCT RESEARCH THAT BENEFITS THE APARTMENT INDUSTRY AND ITS RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $3,923,488 Revenue: $2,178,817

NAAEI'S MAIN ACTIVITY IS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL COURSES COVERING THE MULTI-FAMILY HOUSING INDUSTRY. PROGRAMS AND MATERIAL ARE AVAILABLE TO MULTI-FAMILY HOUSING...

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NAAEI'S MAIN ACTIVITY IS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL COURSES COVERING THE MULTI-FAMILY HOUSING INDUSTRY. PROGRAMS AND MATERIAL ARE AVAILABLE TO MULTI-FAMILY HOUSING PROFESSIONALS TO ADVANCE THEIR EDUCATION AND KNOWLEDGE IN THE INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $38,348
Program Service Revenue $2,178,817
Investment Income $567,243
Other Revenue $1,246,194
TOTAL REVENUE $4,030,602

Expense Breakdown

Grants Paid $8,685
Salaries & Benefits $1,383,456
Fundraising Expenses $0
Program Expenses $3,923,488
Other Expenses $2,552,146
TOTAL EXPENSES $3,944,287

Year-over-Year Comparison

2025 2024 Change
Revenue $4,030,602 $4,017,251 +0.0%
Expenses $3,944,287 $3,806,928 +0.0%
Net Income $86,315 $210,323 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
9
Volunteers
109

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
8
$1,867,677
Total Directors
35
$0
Key Employees
1
$294,714
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLI LEA PRESIDENT 5.00
Officer Director
$0 $0 $0
MARCI FRENCH VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JEANNETTE COX SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
KIM HURD IMMEDIATE PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
MEGHAN ELDER AEC PRESIDENT 2.00
Director
$0 $0 $0
MINDY PRICE NSC CHAIR 2.00
Director
$0 $0 $0
PATRICK APPLEBY BOARD MEMBER 2.00
Director
$0 $0 $0
KELLY AVERY BOARD MEMBER 2.00
Director
$0 $0 $0
MARCIA BOLLINGER BOARD MEMBER 2.00
Director
$0 $0 $0
KENDRA BORK BOARD MEMBER 2.00
Director
$0 $0 $0
SHANE BRYANT BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS BURNS BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS CARAMANICA BOARD MEMBER 2.00
Director
$0 $0 $0
GREG CERBANA BOARD MEMBER 2.00
Director
$0 $0 $0
MARTHA DRYDEN BOARD MEMBER 2.00
Director
$0 $0 $0
PEGGY ELLIS BOARD MEMBER 2.00
Director
$0 $0 $0
PATTY EVANS BOARD MEMBER 2.00
Director
$0 $0 $0
TANYA FOSTER BOARD MEMBER 2.00
Director
$0 $0 $0
TODD HIGNITE BOARD MEMBER 2.00
Director
$0 $0 $0
MARK HURLEY BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA HUTCHINSON BOARD MEMBER (THRU 1/25) 2.00
Director
$0 $0 $0
JESSICA KENNARD BOARD MEMBER 2.00
Director
$0 $0 $0
JASON LOUGHRIDGE BOARD MEMBER 2.00
Director
$0 $0 $0
AMANDA MACLIN BOARD MEMBER 2.00
Director
$0 $0 $0
TYLER MARKER BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREA MASSEY BOARD MEMBER 2.00
Director
$0 $0 $0
CASEY MORGAN BOARD MEMBER 2.00
Director
$0 $0 $0
TRACI NAU BOARD MEMBER 2.00
Director
$0 $0 $0
SUZANNE PRATT BOARD MEMBER 2.00
Director
$0 $0 $0
JACKIE RHONE BOARD MEMBER 2.00
Director
$0 $0 $0
REBECCA ROSARIO BOARD MEMBER 2.00
Director
$0 $0 $0
ISHEA SHEPHERD BOARD MEMBER 2.00
Director
$0 $0 $0
BONNIE SMETZER BOARD MEMBER 2.00
Director
$0 $0 $0
LUIS VERGER BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN MODLIN NSC LIAISON 2.00
Director
$0 $0 $0
ROBERT PINNEGAR CAE PRESIDENT & CEO 12.50
Officer
$0 $102,101 $853,923
AMY GROFF CPM COO 5.00
Officer
$0 $58,530 $459,351
LARISSA TEELUCKSINGH CPA SVP, FINANCE 5.00
Officer
$0 $31,236 $278,111
PAMELA WEBER CAE VICE PRESIDENT 37.50
Officer
$231,661 $44,631 $276,292
JOSHUA GOLD SVP MEMBER EDU PROGRAMS & AFFILIATE ENGAGEMENT 5.00
Key Emp
$0 $29,857 $294,714
AMY ALLEN DIR., CREDENTIALING & ACCREDITATION 37.50
Highest
$161,628 $41,745 $203,373
TERRELINE SIMS DIRECTOR, WORKFORCE DEVELOPMENT 37.50
Highest
$176,052 $9,363 $185,415
CHRISTOPHER MAHONEY SR MGR, PROGRAM DEVELOPMENT 37.50
Highest
$100,207 $19,889 $120,096
ROBERT OLIVERI DIR., EDUCATION & LEADERSHIP DEV. 26.25
Highest
$123,325 $21,057 $144,382
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
2025 $4,030,602 $3,944,287 $8,688,677 $86,315
2024 No data No data No data No data
2023 $3,761,702 $3,483,729 $7,619,337 $277,973
2022 $3,717,113 $3,493,155 $6,876,626 $223,958
2021 $3,836,567 $3,708,790 $7,583,761 $127,777
2020 $3,355,703 $4,425,431 $6,407,669 $-1,069,728
2019 $3,429,275 $4,699,966 $6,663,282 $-1,270,691
2018 $3,886,284 $3,896,661 $6,296,780 $-10,377
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