July 2021 | Page 21

2020 Financial Statements
587
supplier partner member companies
340
supplier partner categories
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2020-2021 Milestones

Supplier Partners First Initiative

SUPPLIER PARTNER
AAMD
A new campaign , Supplier Partners First , was launched last September as the next step in supporting our Supplier Partners grow their business by adding more benefits and making it easier for their customers to find new products and services to operate their communities through our Members .
The campaign was promoted heavily in Trends Magazine , Colorado Real Estate Journal on office signage , throughout social media and on AAMD ' s website .
The campaign included the following brand new or reimagined benefits for Supplier Partners :
• Badge / Logo for promotional use
• All New Categorical Directory of Supplier Partners
• Interactive Map of AAMD Communities
• Weekly Supplier Roundtables and supplier-centric networking events
• Branded Zoom backgrounds for virtual meetings
There are continued opportunities for Supplier Partners to come in 2021-2022 as we continue to focus on promoting our Members using members !

2020 Financial Statements

Consolidated Statements of Financial Position Year Ended June 30 , 2019
ASSETS
Cash & cash equivalents
$
2,470,583
Alliance Reserves
$
197,521
Accounts receivable
$
441,592
Forms inventory
$
5,416
Prepaid Expenses
$
75,161
Other Assets
$
12,180
Investments
$
2,353,532
Property & Equipment
$
345,080
Total Assets $ 5,901,068
LIABILITIES AND NET ASSETS
Liabilities
Accounts Payable
$
42,588
Accrued Liabilities
$
147,516
Deferred Revenue
$
2,413,405
Deferred lease obligation
$
425,657
Paycheck Protection Loan
$
215,500
Total Liabilities $ 3,244,666
Net Assets
Unrestricted
$
1,037,630
Unrestricted – designated
$
1,619,042
Total Net Assets $ 2,656,402
Total Liabilities & Net Assets $ 5,901,068
REVENUE
Events & Functions
$
578,521
Membership
$
1,678,593
Publications & Advertising
$
284,136
Gov ’ t Affairs / Alliance
$
240,081
Education
$
283,349
Member Services
$
100,339
Management Fees
$
285,000
Other income
$
13,735
Investment income
$
54,319
Total Revenue $ 3,518,073
EXPENSES
Personnel ( AAMD & CAA )
$
1,401,564
Events & Functions
$
414,044
Office operations
$
377,003
Membership
$
472,031
Publications & Advertising
$
115,232
Gov ’ t Affairs / Alliance
$
217,620
Education
$
126,846
Member Services
$
49,330
Professional Services
$
110,286
Governance
$
32,023
Total Expenses $ 3,315,979
Change in Net Assets $ 202,094
Net Assets at start of year
$
2,454,308
Net Assets at end of year
$
2,656,402
AAMD Finalist for NAA ' s " Affiliate of the Year "
AAMD had the honor of being one of three finalists for the National Apartment Association ' s Affiliate of the Year Award for 2020 . Despite the inability to meet , network or educate in person , AAMD ' s efforts in it ' s Membership , Education , Advocacy and Community Service were all considered in the judges decision to name AAMD a finalist . www . aamdhq . org JULY 2021 TRENDS | 19