Apartment Trends Magazine June 2020 June 2020

FINANCE 2019 - 2020 MILESTONES Where We Stand: 2019 Financial Statements APARTMENT TRENDS MAGAZINE Consolidated Statements of Financial Position Year Ended June 30, 2019 ASSETS Cash & cash equivalents $ 1,055,918 Alliance Reserves $ 202,498 Accounts receivable $ 886,214 Forms inventory $ 6,626 Prepaid Expenses $ 37,128 Other Assets $ 12,180 Investments $ 2,601,989 Property & Equipment $ 348,268 Total Assets $ 5,150,821 LIABILITIES AND NET ASSETS Liabilities Accounts Payable $ 178,418 Accrued Liabilities $ 174,424 Deferred Revenue $ 1,957,925 Deferred lease obligation $ 385,746 Deferred lease incentive $ 0 Total Liabilities $ 2,696,513 Net Assets Unrestricted $ 518,752 Unrestricted – designated $ 1,935,556 Total Net Assets $ 2,454,308 Total Liabilities & Net Assets $ 5,150,821 Consolidated Statements of Activities Year Ended June 30, 2019 REVENUE Events & Functions $ 2,263,785 Membership $ 1,620,187 Publications & Advertising $ 259,877 Gov’t Affairs / Alliance $ 189,273 Education $ 246,771 Member Services $ 65,715 Work ACT grant (MAP) $ 0 Management Fees $ 240,000 Other income $ 11,276 Investment income $ 160,562 Total Revenue $ 5,057,446 EXPENSES Personnel (AAMD & CAA) $ 1,388,428 Events & Functions $ 1,678,675 Office operations $ 348,139 Membership $ 422,944 Publications & Advertising $ 106,121 Gov’t Affairs / Alliance $ 393,073 Education $ 112,431 Member Services $ 68,730 Professional Services $ 120,688 Work ACT grant (MAP) $ 0 Governance $ 27,595 Total Expenses $ 4,666,824 Change in Net Assets $ 390,622 Net Assets at start of year $ 2,063,686 Net Assets at end of year $ 2,454,308 APARTMENTS GIVING BACK PROGRAM FINALIST FOR NAA EXCELLENCE AWARD Apartments Giving Back, AAMD’s campaign recognizing the philanthropic activities and programs of our Members, is a finalist for an NAA Affiliate Community Service Award, which will be awarded at Apartmentalize this November in Dallas. The NAA Affiliate Awards celebrate the exemplary accomplishments of over 150 state and local associations across the country that are part of the NAA network. www.aamdhq.org JUNE 2020 TRENDS | 19

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