June 2024 | Page 28

2023-2024 Milestones
2023 Financial Statements
2023-2024 Milestones

2023 - 2024 Persons of the Month

2023 Financial Statements

Consolidated Statements of Financial Position Year Ended June 30 , 2023
July 2023 Michelle Wood Atlantic Pacific Companies
August 2023 Victor Sanchez
ImADgine Studios
September 2023
Chelsea Fredell RedPeak
October 2023
Chad Craven ParkM
ASSETS
Cash & Cash Equivalents
$
2,769,482
Investments
$
3,805,454
Accounts Receivable
$
232,735
Forms Inventory
$
16,129
Prepaid Expenses
$
167,140
Other Assets
$
12,180
Property & Equipment
$
178,905
Total Assets $ 8,133,603
LIABILITIES AND NET ASSETS
Liabilities
Accounts Payable
$
186,335
Accrued Liabilities
$
265,118
Deferred Revenue
$
2,940,018
Deferred lease Liabilities
$
959,301
Total Liabilities $ 4,350,772
Net Assets
REVENUE
Events & Functions
$
623,346
Membership
$
2,043,281
Publications & Advertising
$
348,552
Gov ’ t Affairs / Alliance
$
227,923
Education
$
516,289
Member Services
$
73,561
Management Fees
$
288,000
Other income
$
9,883
Investment income ( loss )
$
( 304,216 )
Total Revenue $ 4,435,051
EXPENSES
Program Services
$
3,390,016
Supporting Services Management & General
$
589,617
Fundraising
$
311,162
Total Expenses $ 4,290,795
Brooke Parra
Ross - A Division of Envolve Communities
November 2023 Rocky Sundling Greystar Real Estate Partners
December 2023 Sheritta Washington
GreenWay Waste & Recycling
Unrestricted
$
408,500
Unrestricted – Board Designated
$
3,374,331
Total Net Assets $ 3,782,831 Total Liabilities & Net Assets $ 8,133,603
New Partnerships Center of Recruiting New Talent to Industry
Change in Net Assets $ ( 144,256 )
Net Assets at start of year $ 3,638,575 Net Assets at end of year $ 3,782,831
January 2024
LaSarha Pass Highmark Residential
February 2024 Mark Tschetter Tschetter Sulzer
March 2024
Adam Chen Amenify Inc .
APRIL 2024
TJ Beaver Evolutionary Capital Improvements
Over the past year , AAMD has launched new partnerships with organizations that will help achieve our long-game strategic goals of increasing the talent / labor pool to the apartment industry while changing people ’ s lives for the better .
Junior Achievement is a non-profit that inspires and prepares young people for success - and has been doing so for over 100 years . Their proven formula teaches financial literacy and career readiness to tens of thousands of Colorado high schoolers . Together with eight major management company sponsors ( listed below ), AAMD launched an Apartment Living pod at JA ' s Finance Park in the DTC .
Entryway helps transition individuals and families at risk of or experiencing homelessness to economic self sufficiency by providing career training , full time employment and housing opportunities .
Several AAMD members and staff members sit on the leadership team for Entryway , which has already begun seeing success in Denver .
26 | TRENDS JUNE 2024 www . aamdhq . org