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Triangle Apartment Association INC

Not tax-deductible

Raleigh, NC501(c)(6)Since 1987EIN 56-1527478Revenue $2.6M in FY2025

On file with the IRStriangleaptassn.org7920 Acc Blvd Ste 220, 27617-8744 · Raleigh, NCTax-exempt since Feb 1988

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Serving the rental housing industry by providing education for professional development, protecting the interests of rental housing providers through legislative advocacy, fostering business partnership, and participating in the betterment of the Triangle and surrounding communities.

Run by 247 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $171K a year · 9% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$472K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+15% vs prior year
Spent
$2.2M
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$1.9M
FY2023$2.0M
FY2024$2.2M
FY2025$2.6M
Expenses
$2.2M
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.8M
FY2023$1.8M
FY2024$2.1M
FY2025$2.2M
Net assets
$1.9M
FY2025▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$766K
FY2021$1.0M
FY2022$1.1M
FY2023$1.3M
FY2024$1.4M
FY2025$1.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990; $472K paid to officers and key staff.

Part VII, Section A · reportable compensation
Josie H Eatmon
Executive Di
$160,406Pt VII · Sec A
Vicki Franciosi
Director of
$105,660Pt VII · Sec A
Suzanne Pratt
Director Pro
$104,604Pt VII · Sec A
Daniel Pauley
Finance Dire
$101,189Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Berry Craven
Past Preside
$0Pt VII · Sec A
Heather Crowley
Vice Preside
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Josie H Eatmon$160,406$145,565$134,241$134,000——
Josie Eatman————$117,349—
Josie Eatmon—————$115,570
Irene Butler—$110,338————
Suzanne Pratt$104,604$106,650————
Vicki Franciosi$105,660—————
Daniel Pauley$101,189—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates rental housing professionals, advocates for their interests, and improves local communities.

Questions for Triangle Apartment Association INC

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Education

Taa delivers educational programs aimed at professional development and industry best practices, including property maintenance, management, and leasing. Programs include seminars, webinars, certification courses, and on-site training, offered as both full-day and half-day learning opportunities.

Pt IX · col B
02

Events

Taa hosts a variety of signature events designed to educate, engage, and connect members across the multifamily housing industry. These include our signature events such as our trade show, membership dinner meeting, golf tournament, and quarterly afterwork networking events.

Pt IX · col B
03

Member Services

Taa provides comprehensive support to its members, including advocacy for multifamily housing industry and opportunities for community service. Taa responds to member inquiries, distributes informational materials, and facilitates networking opportunities, helping members connect across the multifamily housing industry and strengthen…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Rentpath Gives Back Foundation INCFY2021$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 2 grants · $20K · 2021–2024
Special Olympics North Carolina INCNC · FY2024$5,260
The Gelt Foundation INCCA · FY2021$15,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.2M
Other incomeLn 4–11$217K
Gifts and grantsLn 1h$136K
Money outPt IX
$2.2M
Ln 25
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
21
listed · VII A
PaidVII A4
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136K
Government grantsLn 1e$123K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$73K
Other incomeLn 4–11$217K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$669K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$400
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.7M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 6247
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$957K$1.5M
InvestmentsLn 11–13$596K$669K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$2.8M$3.6M
LiabilitiesLn 26$1.4M$1.7M
Net assetsLn 32$1.4M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K
Pay of current officers, directors and key staffLn 5$180K
Other salaries and wagesLn 7$651K
Pension plan contributionsLn 8$15K
Other employee benefitsLn 9$60K
Payroll taxesLn 10$61K
Other fees for servicesLn 11g$60K
Advertising and promotionLn 12$7K
Office expensesLn 13$177K
TravelLn 17$57K
InterestLn 20$37K
Depreciation, depletion and amortizationLn 22$52K
Other expenses (24a–d)Ln 24$734K
All other expensesLn 24e$69K
Total functional expensesLn 25$2.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$2.2M$420K$1.9M 990 PDF
FY2024 $2.2M$2.1M$111K$1.4M 990 PDF
FY2023 $2.0M$1.8M$174K$1.3M 990 PDF
FY2022 $1.9M$1.8M$50K$1.1M 990 PDF
FY2021 $1.8M$1.5M$254K$1.0M 990 PDF
FY2020 $1.5M$1.5M$18K$766K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,582,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,019$135,960
I-9 Program service revenuePrior year $1,994,701$2,155,705
I-10 Investment incomePrior year $51,436$73,158
I-11 Other revenuePrior year $195,400$217,301
I-12 Total revenuePrior year $2,248,556$2,582,124
I-13 Grants and similar amounts paidPrior year $6,520$3,480
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $968,296$965,419
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,162,241$1,193,380
I-18 Total expensesPrior year $2,137,057$2,162,279
I-19 Revenue less expensesPrior year $111,499$419,845
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,582,124 across 8 lines filed
Lines not itemized here account for $36,712 of total revenue; see the IRS return.
VIII-1e Government grants$123,324
VIII-1f All other contributions, gifts and grants$12,636
VIII-1h Total contributions, gifts and grants$135,960
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,145,950$2,145,950
VIII-3 Investment incomeExcluded from tax $73,158$73,158
VIII-6 Net rental income or lossRelated to mission $5,150$5,150
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $149,977 · Unrelated business $35,217$185,194
VIII-12 Total revenueRelated to mission $2,337,789 · Unrelated business $35,217 · Excluded from tax $73,158$2,582,124
Part IX · Statement of functional expenses $2,162,279 across 14 lines filed
IX-1 Grants to domestic organizations$3,480
IX-5 Pay of current officers, directors and key staff$180,025
IX-7 Other salaries and wages$650,641
IX-8 Pension plan contributions$14,513
IX-9 Other employee benefits$59,605
IX-10 Payroll taxes$60,635
IX-11g Other fees for services$60,024
IX-12 Advertising and promotion$6,926
IX-13 Office expenses$177,443
IX-17 Travel$56,854
IX-20 Interest$36,569
IX-22 Depreciation, depletion and amortization$51,783
IX-24 Other expenses (24a–d)$734,487
IX-24e All other expenses$69,294
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,162,279
Part X · Balance sheet $3,577,171 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,439$5,120
X-2 Savings and temporary cash investmentsStart of year $951,510$1,535,405
X-4 Accounts receivableStart of year $20,818$104,177
X-9 Prepaid expenses and deferred chargesStart of year $66,302$141,850
X-10c Land, buildings and equipment, netStart of year $1,119,873$1,119,603
X-11 Publicly traded securitiesStart of year $595,566$668,846
X-14 Intangible assetsStart of year $127$1,770
X-15 Other assetsStart of year $400$400
X-16 Total assetsStart of year $2,760,035$3,577,171
X-17 Accounts payable and accrued expensesStart of year $128,505$237,239
X-19 Deferred revenueStart of year $353,785$568,944
X-26 Total liabilitiesStart of year $1,350,947$1,688,782
X-27 Net assets without donor restrictionsStart of year $1,409,088$1,888,389
X-32 Total net assets or fund balancesStart of year $1,409,088$1,888,389
X-33 Total liabilities and net assetsStart of year $2,760,035$3,577,171
Part XI · Reconciliation of net assets $1,888,389 net assets at year end
XI-1 Total revenue$2,582,124
XI-2 Total expenses$2,162,279
XI-3 Revenue less expenses$419,845
XI-4 Net assets at start of year$1,409,088
XI-5 Net unrealized gains (losses) on investments$59,456
XI-10 Net assets at end of year$1,888,389

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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