APARTMENT & OFFICE BUILDING ASSOC … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

MARGARET JEFFERS ESQ

Phone

2022963390

Tax Period

2023-01-01 to 2023-12-31

APARTMENT & OFFICE BUILDING ASSOC OF METROPOLITAN WASHINGTON, founded in 1973, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Expenses of $5.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO CREATE, MAINTAIN AND DEVELOP COOPERATION AMONG BUILDING OWNERS AND MANAGERS TO FACILITATE THE INTERCHANGE OF IDEAS IN CONCEPTION, CONSTRUCTION, MANAGEMENT AND MAINTENANCE OF BUILDING AND TO PROMOTE THE GENERAL MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $78,918 Revenue: $705,414

SPECIAL EDUCATION - SEMINARS, GENERAL MEMBERSHIP MEETING, REAL PROPERTY ADMINISTRATOR PROGRAM, CERTIFIED APARTMENT MANAGER PROGRAM, NATIONAL LEASING PROFESSIONAL PROGRAM AND FOUNDATIONS OF REAL...

SPECIAL EDUCATION - SEMINARS, GENERAL MEMBERSHIP MEETING, REAL PROPERTY ADMINISTRATOR PROGRAM, CERTIFIED APARTMENT MANAGER PROGRAM, NATIONAL LEASING PROFESSIONAL PROGRAM AND FOUNDATIONS OF REAL ESTATE MANAGEMENT.

Program 2

Expenses: $383,507 Revenue: $493,262

SPECIAL ACTIVITIES - TO PROMOTE THE BENEFITS OF BELONGING TO THE ASSOCIATION AND TO ATTRACT NEW MEMBERS.

Program 3

Expenses: $468,129

LEGAL DEFENSE FUND IS DESIGNED TO FINANCE LEGAL ACTION FOR THE GENERAL BENEFIT OF THE MEMBERS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,730,219

Investment Income $92,591

Other Revenue $818,528

TOTAL REVENUE $4,641,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,544,275

Fundraising Expenses $0

Program Expenses $930,554

Other Expenses $2,122,909

TOTAL EXPENSES $5,667,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,641,338	$4,302,590	+0.1%
Expenses	$5,667,184	$5,333,972	+0.1%
Net Income	$-1,025,846	$-1,031,382	0.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$1,967,532

Total Directors

Key Employees

$237,101

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN ALFORD	PROF. DEVELO	2.00	Director	$0	$0	$0
DEMITRA ALVARADO	EMERGING LEA	2.00	Director	$0	$0	$0
MARK BENEDETTI	PRES. ELECT/	2.00	Officer Director	$0	$0	$0
ANTOINETTE BEVERLY	AT LARGE	2.00	Director	$0	$0	$0
PETER BONNELL	PRESIDENT	2.00	Director	$0	$0	$0
KATHRYN CLEMENT	AT LARGE	2.00	Director	$0	$0	$0
ANNE CLINTON	AT LARGE	2.00	Director	$0	$0	$0
BEN COMM	PAST PRESIDE	2.00	Director	$0	$0	$0
CHAD COOLEY	AT LARGE	2.00	Director	$0	$0	$0
JARED GIGLIOTTI	GOVT AFFAIRS	2.00	Director	$0	$0	$0
DOROTHY HAMILTON	AT LARGE	2.00	Director	$0	$0	$0
MARGARET JEFFERS ESQ	EXEC. VP/SEC	40.00	Officer	$558,461	$16,500	$574,961
SCOTT KILLIAN	AT LARGE	2.00	Director	$0	$0	$0
HARALD MANGOLD	GOVT AFFAIRS	2.00	Director	$0	$0	$0
ALISON PUNSALAN	GOVT AFFAIRS	2.00	Director	$0	$0	$0
JOE REILLY	AT LARGE	2.00	Director	$0	$0	$0
JOHN RITZ	PAST PRESIDE	2.00	Director	$0	$0	$0
ARIANNA ROYSTER	PAC CO-CHAIR	2.00	Officer Director	$0	$0	$0
SASHA SERPA	ASSOC LEADER	2.00	Director	$0	$0	$0
MICHAEL T SIMS	SMALL OWNER	2.00	Director	$0	$0	$0
MELISSA STEELE	PAC CO-CHAIR	2.00	Director	$0	$0	$0
SEAN WARFIELD	GOVT AFFAIRS	2.00	Officer Director	$0	$0	$0
EXCETRAL K CALDWELL	SENIOR COUNS	40.00	Key Emp	$226,287	$10,814	$237,101
JEANNE CLARKE	VP OF FINANC	40.00	Officer	$230,267	$9,951	$240,218
FRANN G FRANCIS	SR VP/GEN CO	40.00	Officer	$474,175	$16,500	$490,675
BRIAN M GORDON	VP OF GOV AF	40.00	Officer	$258,078	$11,385	$269,463
ERIC JONES	VP GOV AFFAI	40.00	Officer	$194,642	$7,663	$202,305
KATALIN PETER	VP GOV AFFAI	40.00	Officer	$181,945	$7,965	$189,910

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	No data	No data	No data	No data
2023	$4,641,338	$5,667,184	$2,701,045	$-1,025,846
2022	$4,302,590	$5,333,972	$2,487,316	$-1,031,382
2021	$4,413,314	$5,280,577	$2,516,751	$-867,263
2020	$4,306,115	$5,039,058	$2,717,407	$-732,943
2019	$4,353,049	$4,843,195	$2,837,746	$-490,146
2018	$4,077,314	$4,672,661	$2,602,831	$-595,347

APARTMENT & OFFICE BUILDING ASSOC OF METROPOLITAN WASHINGTON