Apartment Life INC FY2021 filing

Tax-deductible

Bedford, TX501(c)(3)Since 2000ReligionEIN 75-2868621Revenue $23.6M in FY2021

On file with the IRSapartmentlife.org2124 L Don Dodson Dr, 76021-5896 · Bedford, TXTax-exempt since Jun 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Apartment Life helps apartment owners care for residents by connecting them in relationships, which helps improve the community's financial performance through online reputation, resident satisfaction, and resident retention. Learn more at http://apartmentlife.org.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $819K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
25
named funders · $1.8M
Looks good: 25 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.6M
+8% vs prior year
Spent
$23.0M
To programs
94%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$23.6M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$21.8M
FY2021$23.6M
FY2022$26.9M
FY2023$31.1M
FY2024$32.2M
Expenses
$23.0M
FY2021▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.1M
FY2021$23.0M
FY2022$26.3M
FY2023$30.1M
FY2024$31.8M
Net assets
$3.4M
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.4M
FY2022$4.0M
FY2023$4.9M
FY2024$5.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $21.5M Management & general 4% · $969K Fundraising 2% · $520K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
$242,976Pt VII · Sec A
$155,532Pt VII · Sec A
Regional President
$150,760Pt VII · Sec A
Regional President
$143,739Pt VII · Sec A
Division Pres.
$137,742Pt VII · Sec A
Division Pres
$136,674Pt VII · Sec A
Div. President
$129,230Pt VII · Sec A
Founder
$125,000Pt VII · Sec A

Pete Kelly’s $272K as CEO is at the 71st percentile of top reported officer pay among 224 $10–100M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pete Kelly$271,519$254,506$246,644$242,976$241,881
Kelly Kimberlin$184,056$172,139———
Kelly Jones$183,971$168,451$162,048$155,532$127,640
Jaclyn Ratzlaff$168,308$159,330$146,176$137,742$132,333
David Marshall$158,740$161,264$141,967$150,760$137,333
Randall Ginnan$159,025$152,709$149,528$143,739$156,170
Kiley Sharp$158,869$156,603$138,287$136,674$119,752
Joseph Davis——$137,420$129,230$139,247

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

Connects apartment owners with residents to build community and improve satisfaction.

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Provided by the organization

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1 program · $21.5M · in their own filed words · FY2021
01

Apartment Life connects and builds community based on the unique needs of the residents. The program is designed to help apartment owners care for residents, and in turn, improve the communitys financial presence through resident retention, resident satisfaction and online reputation.

$21.5Mprogram expense

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 · FY2024
See all 25 funders →
Grants paid · 2 grants · $35K · 2024–2024
Lionheart Childrens AcademyTX · FY2024$30,000
The Community Impact FundCO · FY2024$5,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$23.6M
Ln 12
Gifts and grantsLn 1h$18.7M
Fees for servicesLn 2g$4.7M
Other incomeLn 4–11$61K
Money outPt IX
$23.0M
Ln 25
Programscol B$21.5M
Managementcol C$969K
Fundraisingcol D$520K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$5.8M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
25
listed · VII A
PaidVII A12
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.7M
Noncash giftsLn 1g$12.7M
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$48K
Other incomeLn 4–11$61K
Gains on assetsLn 7$0
Total revenueLn 12$23.6M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$0
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$50K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$128K
Total assetsLn 16$5.8M
LiabilitiesLn 26$2.4M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 5209
VolunteersI 615,000
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 FY21End FY21
Cash and savingsLn 1–2$3.5M$5.0M
InvestmentsLn 11–13$50K$50K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$4.7M$5.8M
LiabilitiesLn 26$1.8M$2.4M
Net assetsLn 32$2.9M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$12.7M$12.7M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.0M$2.0M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$3.7M$3.0M$431K$185K
Pension plan contributionsLn 8$99K$85K$10K$4K
Other employee benefitsLn 9$2.0M$1.8M$161K$68K
Payroll taxesLn 10$528K$470K$40K$18K
Management feesLn 11a$0
Legal feesLn 11b$15K$10K$5K
Accounting feesLn 11c$21K$21K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$252K$160K$92K
Advertising and promotionLn 12$23K$12K$10K
Office expensesLn 13$266K$227K$39K$704
Information technologyLn 14$242K$188K$55K
RoyaltiesLn 15$0
OccupancyLn 16$200$200
TravelLn 17$149K$123K$26K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$1.1M$750K$77K$245K
All other expensesLn 24e$68K$67K$2K$44
Total functional expensesLn 25$23.0M$21.5M$969K$520K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32.2M$31.8M$429K$5.4M 990 PDF
FY2023 $31.1M$30.1M$927K$4.9M 990 PDF
FY2022 $26.9M$26.3M$556K$4.0M 990 PDF
FY2021 Viewing $23.6M$23.0M$526K$3.4M 990 PDF
FY2020 $21.8M$20.1M$1.7M$2.9M 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 FY2021 990 (6 parts)
Part I · Summary $23,558,847 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,703,095$18,724,018
I-9 Program service revenuePrior year $4,030,809$4,725,835
I-10 Investment incomePrior year $9,453$47,716
I-11 Other revenuePrior year $23,837$61,278
I-12 Total revenuePrior year $21,767,194$23,558,847
I-13 Grants and similar amounts paidPrior year $11,710,682$12,677,002
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,868,602$8,239,865
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,528,862$2,115,513
I-18 Total expensesPrior year $20,108,146$23,032,380
I-19 Revenue less expensesPrior year $1,659,048$526,467
Part VI · Governance 13 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
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 $23,558,847 across 11 lines filed
VIII-1f All other contributions, gifts and grants$18,724,018
VIII-1g Noncash contributions (included above)$12,677,002
VIII-1h Total contributions, gifts and grants$18,724,018
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,725,835$4,725,835
VIII-3 Investment incomeExcluded from tax $47,716$47,716
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $61,278$61,278
VIII-12 Total revenueRelated to mission $4,725,835 · Excluded from tax $108,994$23,558,847
Part IX · Statement of functional expenses $23,032,380 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $12,677,002$12,677,002
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,970,676$1,970,676
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $3,045,436 · Management $431,089 · Fundraising $185,028$3,661,553
IX-8 Pension plan contributionsPrograms $84,706 · Management $10,217 · Fundraising $3,615$98,538
IX-9 Other employee benefitsPrograms $1,752,048 · Management $161,138 · Fundraising $67,968$1,981,154
IX-10 Payroll taxesPrograms $469,972 · Management $40,251 · Fundraising $17,721$527,944
IX-11a Management fees$0
IX-11b Legal feesPrograms $10,100 · Management $4,674$14,774
IX-11c Accounting feesManagement $20,953$20,953
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $159,859 · Management $92,055$251,914
IX-12 Advertising and promotionPrograms $12,414 · Management $10,145$22,559
IX-13 Office expensesPrograms $226,539 · Management $38,842 · Fundraising $704$266,085
IX-14 Information technologyPrograms $187,526 · Management $54,512$242,038
IX-15 Royalties$0
IX-16 OccupancyManagement $200$200
IX-17 TravelPrograms $122,816 · Management $26,256$149,072
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,857$7,857
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $749,855 · Management $76,651 · Fundraising $245,177$1,071,683
IX-24e All other expensesPrograms $66,623 · Management $1,711 · Fundraising $44$68,378
IX-25 Total functional expensesPrograms $21,543,429 · Management $968,694 · Fundraising $520,257$23,032,380
Part X · Balance sheet $5,807,926 assets, 21 lines filed
Asset lines not itemized here account for $21,335; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,507,369$5,014,467
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $271,309$300,815
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $660,035$281,343
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $50,000$50,000
X-14 Intangible assetsStart of year $19,642$11,786
X-15 Other assetsStart of year $100,000$128,180
X-16 Total assetsStart of year $4,695,760$5,807,926
X-17 Accounts payable and accrued expensesStart of year $74,090$12,764
X-19 Deferred revenue$472,343
X-25 Other liabilitiesStart of year $1,733,054$1,907,736
X-26 Total liabilitiesStart of year $1,807,144$2,392,843
X-27 Net assets without donor restrictionsStart of year $2,826,546$3,338,643
X-28 Net assets with donor restrictionsStart of year $62,070$76,440
X-32 Total net assets or fund balancesStart of year $2,888,616$3,415,083
X-33 Total liabilities and net assetsStart of year $4,695,760$5,807,926
Part XI · Reconciliation of net assets $3,415,083 net assets at year end
XI-1 Total revenue$23,558,847
XI-2 Total expenses$23,032,380
XI-3 Revenue less expenses$526,467
XI-4 Net assets at start of year$2,888,616
XI-10 Net assets at end of year$3,415,083

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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