Nonprofit · EIN 35-1160614
INDIANA APARTMENT ASSOCIATION INC
Tax-exempt · INDIANAPOLIS, IN 46240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,729,554 | $3,230,513 | $499,041 | $6,728,229 | $1,673,363 | $5,054,866 |
| December 31, 2023 | 990 | $3,152,016 | $3,077,496 | $74,520 | $6,473,890 | $1,855,461 | $4,618,429 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,179,929
- Investment income
- $389,122
- Net gain from sales of assets
- $269,284
- Other revenue
- $160,503
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,210,724
- Salaries, compensation and benefits (total)
- $1,318,589
- Professional fundraising fees
- $0
- Accounting fees
- $24,300
- Occupancy
- $728,401
- Travel
- $5,692
- Depreciation
- $46,775
Balance sheet and other
- Total assets, start of year
- $6,473,890
- Total assets, end of year
- $6,728,229
- Total liabilities, end of year
- $1,673,363
- Net assets, end of year
- $5,054,866
- Land, buildings and equipment
- $266,630
- Net assets without donor restrictions
- $4,898,245
- Net assets with donor restrictions
- $156,621
- Gross receipts
- $4,438,671
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNNE PETERSEN CAE | PRESIDENT Officer | 40 | $412,382 | $30,782 |
| BRIAN SPAULDING | DIRECTOR OF GOVERNMENT AFF Highest-paid employee | 40 | $205,783 | $33,795 |
| TIM SHAFER | PAST CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| SANDY CARMIN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| CLARKE ARNOLD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHAD GREIWE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KRISTIE ARNST | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN EHRHARDT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL COLLINS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RANDY ESCUE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MIKE GORMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JON HICKS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CINDY KOEHLER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHARLIE KURTZ | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| GREG MARTIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE MILLS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALEX STOKELY | VICE CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 |
| GEORGE TIKIJIAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHUCK TOWNSEND | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MJ TRUJILLO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID LAMB | CHAPTER BOARD MEMBER Trustee or director | 0.5 | $0 |
| LYAL HUFF | SUPPLIER BOARD MEMBER Trustee or director | 0.5 | $0 |
| LUKE GILLIATT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ADAM EHRET | BOARD MEMBER Trustee or director | 0.5 | $0 |
| LYNDSEY HOLT | SUPPLIER BOARD MEMBER Trustee or director | 0.5 | $0 |
| PEGGY MEYER | CHAPTER STAFF MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNNE PETERSEN CAE | PRESIDENT Officer | 40 | $338,116 | $27,560 |
| BRIAN SPAULDING | DIRECTOR OF GOVERNMENT AFF Highest-paid employee | 40 | $186,302 | $20,575 |
| TIM SHAFER | PAST CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| SANDY CARMIN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 | $0 |
| JERRY COLLINS | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 | $0 |
| CLARKE ARNOLD | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 | $0 |
| CHAD GREIWE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KRISTIE ARNST | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN EHRHARDT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL COLLINS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RANDY ESCUE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MIKE GORMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JON HICKS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANGIE HUG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CINDY KOEHLER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHARLIE KURTZ | SECRETARY Trustee or director | 0.5 | $0 | $0 |
| GREG MARTIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRUCE MILLS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALEX STOKELY | VICE CHAIRMAN OF THE BOARD Trustee or director | 0.5 | $0 | $0 |
| GEORGE TIKIJIAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHUCK TOWNSEND | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MJ TRUJILLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID LAMB | CHAPTER BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LYAL HUFF | SUPPLIER BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LIZ TAYLOR | SUPPLIER BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LUKE GILLIATT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PEGGY MEYER | CHAPTER STAFF MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9000 KEYSTONE XING STE 200, INDIANAPOLIS, IN 46240-2148
- Principal officer (990 for 2024)
- BRIAN SPAULDING, 9200 KEYSTONE XING STE 100 100, INDIANAPOLIS, IN 462402166
- Signed the 990
- BRIAN SPAULDING, PRESIDENT
- Phone
- (317) 816-8900
- Website
- WWW.IAAONLINE.NET
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PROMOTE, ADVISE AND PROTECT THE GENERAL INTERESTS OF THE OWNERSHIP AND MANAGEMENT OF MULTI-FAMILY HOUSING IN THE INDIANA AREA BY UNITING THOSE ENGAGED IN THE BUSINESS. TO UPHOLD THE DIGNITY OF THE PROPERTY MANAGEMENT PROFESSION AND TO ACQUIRE AND DISSEMINATE USEFUL BUSINESS INFORMATION AMONG ITS MEMBERS, TO FOSTER A SPIRIT OF COOPERATION AMONG ITS MEMBERS; TO CULTIVATE HIGHER STANDARDS OF PRACTICE AND BUSINESS ETHICS.
Program accomplishments
- THE ASSOCIATION REPRESENTS MORE THAN 280,000 UNITS THROUGHOUT THE STATE OF INDIANA INCLUDING MEMBERS IN 1 AFFILIATE CHAPTER AND 6 COUNCIL AREAS. THE ASSOCIATION PROVIDES ITS MEMBERS WITH VARIOUS EVENTS, PROGRAMS AND SERVICES INCLUDING AN ANNUAL CONVENTION, EDUCATION SEMINARS, PERIODICALS, AND AN ANNUAL MEMBERSHIP DIRECTORY. THE INDIANA MULTI FAMILY HOUSING POLITICAL ACTION COMMITTEE (IMFHPAC) IS A SEGREGATED FUND OF THE ASSOCIATION. THE ASSOCIATION PROVIDES OWNERS AND MANAGEMENT COMPANIES WITH A CONSTRUCTIVE FORCE THROUGH WHICH TO WORK FOR THE BETTERMENT OF THE MULTIFAMILY HOUSING INDUSTRY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1160614
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,728,229
- Income (IRS master file)
- $4,438,671
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,729,554 | $3,230,513 | $6,728,229 | IRS |
| 990 | December 2023 | $3,152,016 | $3,077,496 | $6,473,890 | XML |
| 990 | December 2022 | $2,917,465 | $2,631,628 | $6,032,089 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1160614).
Questions about INDIANA APARTMENT ASSOCIATION INC
- What is the EIN of INDIANA APARTMENT ASSOCIATION INC?
- The employer identification number (EIN) of INDIANA APARTMENT ASSOCIATION INC is 35-1160614.
- Is INDIANA APARTMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to INDIANA APARTMENT ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIANA APARTMENT ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANA APARTMENT ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA APARTMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANA APARTMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names BRIAN SPAULDING.
- Who are the officers and directors of INDIANA APARTMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 2 received compensation from the organization, the highest $412,382 (LYNNE PETERSEN CAE, PRESIDENT).
- How much revenue does INDIANA APARTMENT ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,729,554, expenses of $3,230,513 and total assets of $6,728,229 at year end.
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