Nonprofit · EIN 54-1407434
VIRGINIA APARTMENT MANAGEMENT ASSOCIATION
Tax-exempt · RICHMOND, VA 23294
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,850,369 | $2,409,833 | $440,536 | $3,832,123 | $418,185 | $3,413,938 |
| December 31, 2023 | 990 | $2,443,182 | $1,967,354 | $475,828 | $3,337,811 | $420,337 | $2,917,474 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $810,748
- Membership dues
- $803,991
- Program service revenue
- $1,954,443
- Investment income
- $79,722
- Net income from fundraising events
- $5,456
- Other revenue
- $5,456
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,110
- Other salaries and wages
- $541,917
- Salaries, compensation and benefits (total)
- $782,114
- Professional fundraising fees
- $0
- Legal fees
- $4,540
- Accounting fees
- $10,835
- Travel
- $66,970
- Depreciation
- $5,258
Balance sheet and other
- Total assets, start of year
- $3,337,811
- Total assets, end of year
- $3,832,123
- Total liabilities, end of year
- $418,185
- Net assets, end of year
- $3,413,938
- Land, buildings and equipment
- $32,815
- Publicly traded securities
- $1,763,284
- Net assets without donor restrictions
- $3,184,065
- Net assets with donor restrictions
- $229,873
- Gross receipts
- $2,884,324
- Employees
- 9
- Volunteers
- 115
- Year formed
- 1987
- State of legal domicile
- VA
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 |
|---|---|---|---|---|
| Patrick McCloud | CEO Officer | 40 | $117,080 | $3,030 |
| Teresa Starkey | Employee Highest-paid employee | 40 | $107,850 | $10,094 |
| Ariah Rogers | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Ashley Bowman | President Trustee or director, Officer | 1 | $0 | $0 |
| Judy Olive | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matt Scaparro | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Alethea Parker | Director Trustee or director | 1 | $0 | $0 |
| Angie Marcolini | Director Trustee or director | 1 | $0 | $0 |
| Christine Gustafson | Director Trustee or director | 1 | $0 | $0 |
| Donje Putnam | Director Trustee or director | 1 | $0 | $0 |
| Janet Southall | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Benitez | Director Trustee or director | 1 | $0 | $0 |
| Julia Pape | Director Trustee or director | 1 | $0 | $0 |
| Justin West | Director Trustee or director | 1 | $0 | $0 |
| Loren Bazemore | Director Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marla Posey | Director Trustee or director | 1 | $0 |
| Melissa Cooke | Director Trustee or director | 1 | $0 |
| Pete Rose | Director Trustee or director | 1 | $0 |
| Sarah Fehr | Director Trustee or director | 1 | $0 |
| Tammy Longo | Director Trustee or director | 1 | $0 |
| Tarra Secrest | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patrick McCloud | CEO Officer | 40 | $116,000 | $3,030 |
| Ashley Bowman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Deidre Brown | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Matt Scaparro | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matt Spencer | President Trustee or director, Officer | 1 | $0 | $0 |
| Alethea Parker | Director Trustee or director | 1 | $0 | $0 |
| Amanda Buyalos | Director Trustee or director | 1 | $0 | $0 |
| Angie Lombardi | Director Trustee or director | 1 | $0 | $0 |
| Anthony Woodfolk | Director Trustee or director | 1 | $0 | $0 |
| Christine Gustafson | Director Trustee or director | 1 | $0 | $0 |
| Hal Davis | Director Trustee or director | 1 | $0 | $0 |
| Harmony Tripp Kiser | Director Trustee or director | 1 | $0 | $0 |
| Jayme Presley | Director Trustee or director | 1 | $0 | $0 |
| Judith Olive | Director Trustee or director | 1 | $0 | $0 |
| Loren Bazemore | Director Trustee or director | 1 | $0 | $0 |
| Melissa Cooke | Director Trustee or director | 1 | $0 | $0 |
| Pete Rose | Director Trustee or director | 1 | $0 | $0 |
| Rebecca Bryan | Director Trustee or director | 1 | $0 | $0 |
| Renee Pulliam | Director Trustee or director | 1 | $0 | $0 |
| Sandra Bair | Director Trustee or director | 1 | $0 | $0 |
| Tarra Secrest | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2812 EMERYWOOD PKWY STE 140, RICHMOND, VA 23294-3731
- Principal officer (990 for 2024)
- Patrick McCloud, 2812 Emerywood Parkway 231, Richmond, VA 23294
- Signed the 990
- Patrick McCloud, Chief Executive Officer
- Phone
- (804) 756-8262
- Website
- WWW.VAMAONLINE.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
To improve requirements and standards of the multi-family apartment industry.
Program accomplishments
- EDUCATIONAL CONFERENCES for members.
- Standardized lease contracts offered to members to encourage fair and uniform practices within the 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
- 54-1407434
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,832,123
- Income (IRS master file)
- $2,884,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,850,369 | $2,409,833 | $3,832,123 | IRS |
| 990 | December 2023 | $2,443,182 | $1,967,354 | $3,337,811 | XML |
| 990 | December 2022 | $1,982,384 | $1,673,109 | $2,855,042 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 54-1407434).
Questions about VIRGINIA APARTMENT MANAGEMENT ASSOCIATION
- What is the EIN of VIRGINIA APARTMENT MANAGEMENT ASSOCIATION?
- The employer identification number (EIN) of VIRGINIA APARTMENT MANAGEMENT ASSOCIATION is 54-1407434.
- Is VIRGINIA APARTMENT MANAGEMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
- Are donations to VIRGINIA APARTMENT MANAGEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA APARTMENT MANAGEMENT ASSOCIATION 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 VIRGINIA APARTMENT MANAGEMENT ASSOCIATION 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 VIRGINIA APARTMENT MANAGEMENT ASSOCIATION 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 VIRGINIA APARTMENT MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Patrick McCloud.
- Who are the officers and directors of VIRGINIA APARTMENT MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $117,080 (Patrick McCloud, CEO).
- How much revenue does VIRGINIA APARTMENT MANAGEMENT ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,850,369, expenses of $2,409,833 and total assets of $3,832,123 at year end.
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