Greater Lansing Apartment Association Inc

aka Property Management Association of Mid Michigan | Williamston, MI | https://www.pmamm.com/

GuideStar Charity Check

EIN: 38-3173149

Not included in the latest Pub 78
as of September 2024

View summary

Charity Check report

Mission

Provide education and advocacy in a collaborative forum that promotes professional and personal growth in the industry.

Ruling year info

1996

President

David Gerchak

Main address

1779 Rowley Rd

Williamston, MI 48895 USA

Show more contact info

EIN

38-3173149

Subject area info

Community and economic development

Education

Information and communications

Public affairs

Population served info

Domestic workers

Self-employed people

NTEE code info

Alliance/Advocacy Organizations (S01)

IRS subsection

501(c)(6) Business Leagues, etc.

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

CAM Designation

Earning your CAM (Certified Apartment Manager) credential allows you to demonstrate your skills, knowledge, and ability to manage an apartment community and achieve owners’ investment goals. This CAM credential is available both in-person or online.

Population(s) Served

Academics

Domestic workers

Self-employed people

Where we work

Affiliations & memberships

National Apartment Association 1994

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

Create Value
Candidate Goal Measures
• Maintain 95% or higher retention
• Increased membership by 30%
Suppliers SW/Local – Starting base 69, increase by 21 or 7 annually
Unit Count – Starting base 35041, increase by 10,512 or 3,504 annually
• Increased overall participation

What are the organization's key strategies for making this happen?

Increase opportunities for membership value, including education and networking.
Show value by advocating legislatively for the multi-family industry.
Building strong committees to support goals.

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Greater Lansing Apartment Association Inc

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023

SOURCE: IRS Form 990

13.29

Average of 1.33 over 10 years

Months of cash in 2023

SOURCE: IRS Form 990

12.3

Average of 1.2 over 10 years

Fringe rate in 2023

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Greater Lansing Apartment Association Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$0
Program Services	$37,631
Investments	$17
Special Events	$2,743
Sales	$0
Other	$67,993
Total Revenue	$108,384

Expenses
Grants	$17,588
Salaries & Employee Benefits	$0
Professional Fees	$51,650
Occupancy	$0
Printing, Publications, Postage, etc.	$245
Other Expenses	$37,731
Total Expenses	$107,214
Net Gain/Loss	$1,170

Revenue
Contributions	$0
Program Services	$45,716
Investments	$11
Special Events	$1,486
Sales	$0
Other	$63,449
Total Revenue	$110,662

Expenses
Grants	$17,573
Salaries & Employee Benefits	$0
Professional Fees	$51,650
Occupancy	$0
Printing, Publications, Postage, etc.	$275
Other Expenses	$41,585
Total Expenses	$111,083
Net Gain/Loss	($421)

Revenue
Contributions	$0
Program Services	$51,393
Investments	$12
Special Events	$1,971
Sales	$0
Other	$50,952
Total Revenue	$104,328

Expenses
Grants	$19,943
Salaries & Employee Benefits	$0
Professional Fees	$45,650
Occupancy	$0
Printing, Publications, Postage, etc.	$200
Other Expenses	$35,759
Total Expenses	$101,552
Net Gain/Loss	$2,776

Revenue
Contributions	$0
Program Services	$49,697
Investments	$14
Special Events	$2,337
Sales	$0
Other	$79,909
Total Revenue	$131,957

Expenses
Grants	$21,185
Salaries & Employee Benefits	$0
Professional Fees	$41,950
Occupancy	$0
Printing, Publications, Postage, etc.	$282
Other Expenses	$52,284
Total Expenses	$115,701
Net Gain/Loss	$16,256

Revenue
Contributions	$0
Program Services	$55,376
Investments	$37
Special Events	$970
Sales	$0
Other	$98,464
Total Revenue	$154,847

Expenses
Grants	$24,953
Salaries & Employee Benefits	$0
Professional Fees	$51,725
Occupancy	$0
Printing, Publications, Postage, etc.	$662
Other Expenses	$79,972
Total Expenses	$157,312
Net Gain/Loss	($2,465)

Revenue
Contributions	$0
Program Services	$58,244
Investments	$108
Special Events	$2,834
Sales	$0
Other	$94,044
Total Revenue	$155,230

Expenses
Grants	$22,742
Salaries & Employee Benefits	$0
Professional Fees	$48,178
Occupancy	$0
Printing, Publications, Postage, etc.	$262
Other Expenses	$57,178
Total Expenses	$128,360
Net Gain/Loss	$26,870

Revenue
Contributions	$0
Program Services	$48,443
Investments	$156
Special Events	$4,015
Sales	$0
Other	$85,376
Total Revenue	$137,990

Expenses
Grants	$25,731
Salaries & Employee Benefits	$0
Professional Fees	$50,971
Occupancy	$0
Printing, Publications, Postage, etc.	$1,360
Other Expenses	$47,125
Total Expenses	$125,187
Net Gain/Loss	$12,803

Revenue
Contributions	$1,000
Program Services	$31,218
Investments	$138
Special Events	$4,301
Sales	$0
Other	$109,719
Total Revenue	$146,376

Expenses
Grants	$28,036
Salaries & Employee Benefits	$0
Professional Fees	$51,713
Occupancy	$2,800
Printing, Publications, Postage, etc.	$268
Other Expenses	$22,756
Total Expenses	$105,573
Net Gain/Loss	$40,803

Revenue
Contributions	$113,957
Program Services	$28,639
Investments	$359
Special Events	($11,562)
Sales	$0
Other	$20,901
Total Revenue	$152,294

Expenses
Grants	$34,458
Salaries & Employee Benefits	$0
Professional Fees	$63,485
Occupancy	$0
Printing, Publications, Postage, etc.	$292
Other Expenses	$38,304
Total Expenses	$136,539
Net Gain/Loss	$15,755

Revenue
Contributions	$69,293
Program Services	$80,638
Investments	$876
Special Events	$0
Sales	$0
Other	$29,488
Total Revenue	$180,295

Expenses
Grants	$511
Salaries & Employee Benefits	$0
Professional Fees	$65,552
Occupancy	$0
Printing, Publications, Postage, etc.	$529
Other Expenses	$76,265
Total Expenses	$142,857
Net Gain/Loss	$37,438

Revenue
Contributions	$70,386
Government Grants	$0
Program Services	$87,244
Investments	$4,608
Special Events	$0
Sales	$0
Other	$50,761
Total Revenue	$212,999

Expenses
Program Services	$106,655
Administration	$89,998
Fundraising	$0
Total Expenses	$196,653
Net Gain/Loss	$16,346

Functional expenses
Accounting Fees	$638
Advertising & Promotion	$0
Information Technology Expenses	$15,537
Insurance Expenses	$1,068
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$700
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Greater Lansing Apartment Association Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$0
Cash & Equivalents	$24,675	$25,845	$1,170
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$24,675	$25,845	$1,170

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Net Assets	$24,675	$25,845	$1,170

Assets	Jan 01, 2014	Dec 31, 2014	Change
Contributions	$0
Cash & Equivalents	$25,845	$25,424	($421)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$25,845	$25,424	($421)

Liabilities	Jan 01, 2014	Dec 31, 2014	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2014	Dec 31, 2014	Change
Net Assets	$25,845	$25,424	($421)

Assets	Jan 01, 2015	Dec 31, 2015	Change
Contributions	$0
Cash & Equivalents	$25,424	$28,200	$2,776
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$25,424	$28,200	$2,776

Liabilities	Jan 01, 2015	Dec 31, 2015	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2015	Dec 31, 2015	Change
Net Assets	$25,424	$28,200	$2,776

Assets	Jan 01, 2016	Dec 31, 2016	Change
Contributions	$0
Cash & Equivalents	$28,200	$44,456	$16,256
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$28,200	$44,456	$16,256

Liabilities	Jan 01, 2016	Dec 31, 2016	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2016	Dec 31, 2016	Change
Net Assets	$28,200	$44,456	$16,256

Assets	Jan 01, 2017	Dec 31, 2017	Change
Contributions	$0
Cash & Equivalents	$44,456	$41,991	($2,465)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$44,456	$41,991	($2,465)

Liabilities	Jan 01, 2017	Dec 31, 2017	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2017	Dec 31, 2017	Change
Net Assets	$44,456	$41,991	($2,465)

Assets	Jan 01, 2018	Dec 31, 2018	Change
Contributions	$0
Cash & Equivalents	$41,991	$68,861	$26,870
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$41,991	$68,861	$26,870

Liabilities	Jan 01, 2018	Dec 31, 2018	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2018	Dec 31, 2018	Change
Net Assets	$41,991	$68,861	$26,870

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$0
Cash & Equivalents	$68,861	$81,664	$12,803
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$68,861	$81,664	$12,803

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Net Assets	$68,861	$81,664	$12,803

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$1,000
Cash & Equivalents	$81,664	$122,467	$40,803
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$81,664	$122,467	$40,803

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Net Assets	$81,664	$122,467	$40,803

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$113,957
Cash & Equivalents	$122,467	$138,222	$15,755
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$122,467	$138,222	$15,755

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Net Assets	$122,467	$138,222	$15,755

Greater Lansing Apartment Association Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Greater Lansing Apartment Association Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2023
Unrestricted surplus (deficit) before depreciation	$16,346
As % of expenses	8.3%
Unrestricted surplus (deficit) after depreciation	$16,346
As % of expenses	8.3%

Revenue composition
Total revenue (unrestricted & restricted)	$212,999
Total revenue, % change over prior year	0.0%
Program services revenue	41.0%
Membership dues	33.0%
Investment income	2.2%
Government grants	0.0%
All other grants and contributions	0.0%
Other revenue	23.8%

Expense composition
Total expenses before depreciation	$196,653
Total expenses, % change over prior year	0.0%
Personnel	0.0%
Professional fees	45.4%
Occupancy	0.0%
Interest	0.0%
Pass-through	0.0%
All other expenses	54.6%

Full cost components (estimated)	2023
Total expenses (after depreciation)	$196,653
One month of savings	$16,388
Debt principal payment	$0
Fixed asset additions	$0
Total full costs (estimated)	$213,041

Capital structure indicators

Liquidity	2023
Months of cash	12.3
Months of cash and investments	12.3
Months of estimated liquid unrestricted net assets	11.7

Balance sheet composition	2023
Cash	$201,515
Investments	$0
Receivables	$0
Gross land, buildings, equipment (LBE)	$0
Accumulated depreciation (as a % of LBE)	0.0%
Liabilities (as a % of assets)	7.3%
Unrestricted net assets	$192,006
Temporarily restricted net assets	N/A
Permanently restricted net assets	N/A
Total restricted net assets	$0
Total net assets	$192,006

Key data checks

Key data checks	2023
Material data errors	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

President

David Gerchak

Number of employees

Source: IRS Form 990

Greater Lansing Apartment Association Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Greater Lansing Apartment Association Inc

Board of directors
as of 08/07/2024

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

David Gerchak

Abby Bloomquist

Naomi Wolfe

Sarah Greene

Andrew Addy

Amy Donker

Cortney Frato

Elizabeth Hart

Amanda Hedglen

Chris King-Dye

Alethea Lofton

Sarah Marshall

Donna Parini

David Schweickert

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 8/7/2024

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data

We do not display disability information for organizations with fewer than 15 staff.

Greater Lansing Apartment Association Inc

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

CAM Designation

Where we work

Affiliations & memberships

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Revenue vs. expenses: breakdown

Liquidity in 2023 info

13.29

Months of cash in 2023 info

12.3

Fringe rate in 2023 info

0%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Greater Lansing Apartment Association Inc

Greater Lansing Apartment Association Inc

Greater Lansing Apartment Association Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

President

David Gerchak

Number of employees

Greater Lansing Apartment Association Inc

Compensation data

Greater Lansing Apartment Association Inc

Board of directors data

David Gerchak

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Liquidity in 2023

Months of cash in 2023

Fringe rate in 2023

Funding sources

Assets & liabilities