HOUSTON APARTMENT ASSOCIATION INC

EIN: 746068903

HOUSTON, TX

Total Revenue
$3,685,704
Total Expenses
$3,198,492
Total Assets
$3,343,696
Net Assets
$2,551,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
TX
Principal Officer
STEPHANIE GRAVES
Phone
7135950310
Tax Period
2023-01-01 to 2023-12-31

HOUSTON APARTMENT ASSOCIATION INC, founded in 1960, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 13% surplus.

Mission

TO PROMOTE THE MULTI-HOUSING INDUSTRY IN THE GREATER HOUSTON AREA. THERE ARE APPROXIMATELY 1,830 MEMBERS IN THE ASSOCIATION THAT SERVE APPROXIMATELY 675,000 APARTMENT UNITS.

Program Service Accomplishments

Program 1
Expenses: $2,116,238 Revenue: $1,369,042

PROVIDE EDUCATIONAL MEETINGS, TRADE SHOWS, AND SPECIAL EVENTS TO PROMOTE THE MULTI-HOUSING INDUSTRY IN THE GREATER HOUSTON, TEXAS AREA. MADE INDUSTRY SPECIFIC DIGITAL FORMS AVAILABLE FOR SALE TO...

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PROVIDE EDUCATIONAL MEETINGS, TRADE SHOWS, AND SPECIAL EVENTS TO PROMOTE THE MULTI-HOUSING INDUSTRY IN THE GREATER HOUSTON, TEXAS AREA. MADE INDUSTRY SPECIFIC DIGITAL FORMS AVAILABLE FOR SALE TO MEMBERS WHICH OPERATE AND MANAGE APARTMENTS.

Program 2
Expenses: $682,618

PROVIDE SUPPORT TO STATE AND NATIONAL ORGANIZATIONS AND LOCAL CAUSES PROMOTING THE MULTI-HOUSING INDUSTRY.

Program 3
Expenses: $8,914

DEVELOP NEW MEMBERS THROUGH MEMBERSHIP CAMPAIGNS, PROMOTIONS AND EDUCATIONAL PROGRAMS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,849,399
Program Service Revenue $1,345,042
Investment Income $189,245
Other Revenue $302,018
TOTAL REVENUE $3,685,704

Expense Breakdown

Grants Paid $1,750
Salaries & Benefits $1,544,241
Fundraising Expenses $54,786
Program Expenses $2,807,770
Other Expenses $1,652,501
TOTAL EXPENSES $3,198,492

Year-over-Year Comparison

2023 2022 Change
Revenue $3,685,704 $2,700,227 +0.4%
Expenses $3,198,492 $2,320,256 +0.4%
Net Income $487,212 $379,971 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
54
Independent Members
54
Employees
14
Volunteers
600

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
12
$825,082
Total Directors
54
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE GRAVES PRESIDENT 2.00
Officer Director
$0 $0 $0
GINA ERWIN PRESIDENT ELECT 0.50
Officer Director
$0 $0 $0
SHELLEY WATSON SECRETARY/ TREASURER 0.50
Officer Director
$0 $0 $0
CHRISTY RODRIGUEZ IMMEDIATE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
LOYAL PROFFIT VICE PRESIDENT AT LARGE 0.50
Officer Director
$0 $0 $0
RYAN TERRELL VP AT LARGE 0.50
Officer Director
$0 $0 $0
QUINTINA WILLIS VICE PRESIDENT AT LARGE 0.50
Officer Director
$0 $0 $0
TRACIE YODER VICE PRESIDENT AT LARGE 0.50
Officer Director
$0 $0 $0
MACK ARMSTRONG DIRECTOR 0.50
Director
$0 $0 $0
JULIE BATCHE DIRECTOR 0.50
Director
$0 $0 $0
KRISTEN BECKER DIRECTOR 0.50
Director
$0 $0 $0
JOHN BORIACK DIRECTOR 0.50
Director
$0 $0 $0
JILL BOUNDS DIRECTOR 0.50
Director
$0 $0 $0
KYLE BROWN DIRECTOR 0.50
Director
$0 $0 $0
TINA CAVACO DIRECTOR 0.50
Director
$0 $0 $0
TERRI CLIFTON DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE CROASMUN DIRECTOR 0.50
Director
$0 $0 $0
DEREK DEVRIES DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH DEROUEN DIRECTOR 0.50
Director
$0 $0 $0
SCOTT DOUGLAS DIRECTOR 0.50
Director
$0 $0 $0
TAMARA FOSTER DIRECTOR 0.50
Director
$0 $0 $0
MELISSA FRIEND DIRECTOR 0.50
Director
$0 $0 $0
DIANE GILBERT DIRECTOR 0.50
Director
$0 $0 $0
MONICA GRACIA DIRECTOR 0.50
Director
$0 $0 $0
MANU GUPTA DIRECTOR 0.50
Director
$0 $0 $0
CLAY HICKS DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH HOLCOMBE DIRECTOR 0.50
Director
$0 $0 $0
KAREN HEFNER DIRECTOR 0.50
Director
$0 $0 $0
CRYSTAL JACKSON DIRECTOR 0.50
Director
$0 $0 $0
DEBBIE KELM DIRECTOR 0.50
Director
$0 $0 $0
JACOB KUNATH DIRECTOR 0.50
Director
$0 $0 $0
BARBY LAKE DIRECTOR 0.50
Director
$0 $0 $0
DAVID LINDLEY DIRECTOR 0.50
Director
$0 $0 $0
BETSY MARSHALL DIRECTOR 0.50
Director
$0 $0 $0
KRISTIN MCLAUGHLIN DIRECTOR 0.50
Director
$0 $0 $0
CANDIS MOHR DIRECTOR 0.50
Director
$0 $0 $0
KATY MYRICK DIRECTOR 0.50
Director
$0 $0 $0
CARLOS NETO DIRECTOR 0.50
Director
$0 $0 $0
JENIFER PANERAL DIRECTOR 0.50
Director
$0 $0 $0
MARK PARK DIRECTOR 0.50
Director
$0 $0 $0
ANGELA KUMAR PARIKH DIRECTOR 0.50
Director
$0 $0 $0
VELISSA PARMER DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE PAWELEK DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH RODRIGUEZ DIRECTOR 0.50
Director
$0 $0 $0
KELLY SCOTT DIRECTOR 0.50
Director
$0 $0 $0
INGRID SCHULTZ DIRECTOR 0.50
Director
$0 $0 $0
CORRI SMITH DIRECTOR 0.50
Director
$0 $0 $0
PENNY SPRANG DIRECTOR 0.50
Director
$0 $0 $0
BLAISE SPITALERI DIRECTOR 0.50
Director
$0 $0 $0
KELLY SUESS DIRECTOR 0.50
Director
$0 $0 $0
DEBBIE SULZER DIRECTOR 0.50
Director
$0 $0 $0
STARLA TURNBO DIRECTOR 0.50
Director
$0 $0 $0
RICHARD WALL DIRECTOR 0.50
Director
$0 $0 $0
RICHARD WHATCOTT DIRECTOR 0.50
Director
$0 $0 $0
CASEY MORGAN CEO 30.00
Officer
$281,918 $20,640 $302,558
SUSAN HINKLEY VP OPERATIONS 30.00
Officer
$168,851 $18,014 $186,865
TREY WIMBERLY CFO 30.00
Officer
$167,062 $12,181 $179,243
PEPPER BRADLEY VP OF GOVT AFFAIRS 40.00
Officer
$143,100 $13,316 $156,416
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 $3,685,704 $3,198,492 $3,343,696 $487,212
2022 $2,700,227 $2,320,256 $2,881,847 $379,971
2021 $2,465,017 $2,161,020 $3,270,825 $303,997
2020 $1,976,388 $2,063,147 $2,118,859 $-86,759
2019 $2,214,645 $2,279,164 $2,256,386 $-64,519
2018 $2,199,622 $2,183,158 $2,074,834 $16,464
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