Apartment Life

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/18/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Apartment Life is a faith-based, non-profit organization that has been serving the apartment industry since 2000.


Contact information

Mailing address:
Apartment Life
PO Box 650951
Dallas, TX 75265

Website: apartmentlife.org

Phone: 817-685-2963

Email: info@apartmentlife.org


Organization details

EIN: 752868621

CEO/President: Pete Kelly

Chairman: Keith Dunkin

Board size: 15

Founder: Stan Dobbs

Year founded: 2000

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2020


Purpose

Community is good for both people and business. Unfortunately, many apartment residents feel completely disconnected from their neighbors.

Apartment Life helps apartment owners care for residents by connecting them in relationships. This, in turn, helps improve the community's financial performance through online reputation, resident satisfaction, and resident retention. Changing business. Changing lives.


Mission statement

We believe every individual is created for community and that we are called to love our neighbor as ourselves. Our goal is to live this out while providing strong business value to apartment owners.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating7 of 9132 of 45
Fund acquisition rating93 of 9153 of 45
Resource allocation rating30 of 9153 of 45
Asset utilization rating21 of 9133 of 45

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%1%0%1%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%1%0%1%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
81%81%80%82%81%81%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%1%0%1%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
19%19%20%18%19%19%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%95%94%94%93%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%98%99%97%100%100%
Program output ratio Program output ratio =
Program services /
Total revenue
78%92%94%91%93%94%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%2%1%3%0%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%34%13%57%0%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%4%6%6%6%6%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.757.598.868.6114.1913.68
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.721.061.021.001.011.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.698.029.078.6514.3813.94
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.109.9427.164.895.6311.31
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.100.040.200.180.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.941.351.271.100.690.78
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%49%55%59%69%68%
Debt ratio Debt ratio =
Debt /
Total assets
4%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
94%7%5%5%2%2%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,514,751$1,087,262$1,414,084$726,834$659,887
Receivables, inventories, prepaids$778,216$659,472$273,782$231,975$260,858
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,292,967$1,746,734$1,687,866$958,809$920,745
Long-term investments$0$0$0$0$0
Fixed assets$2,223$4,646$7,835$12,447$12,973
Other long-term assets$127,499$35,356$0$1,014$4,964
Total long-term assets$129,722$40,002$7,835$13,461$17,937
Total assets$2,422,689$1,786,736$1,695,701$972,270$938,682
 
Liabilities20192018201720162015
Payables and accrued expenses$230,573$64,310$251,195$66,231$49,165
Other current liabilities$0$0$93,660$104,166$32,235
Total current liabilities$230,573$64,310$344,855$170,397$81,400
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$962,548$911,608$649,163$499,892$554,533
Total long-term liabilities$962,548$911,608$649,163$499,892$554,533
Total liabilities$1,193,121$975,918$994,018$670,289$635,933
 
Net assets20192018201720162015
Without donor restrictions$1,216,103$795,613$193,989$16,576$302,749
With donor restrictions$13,465$15,205$507,694$285,405$0
Net assets$1,229,568$810,818$701,683$301,981$302,749
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$15,159,010$12,806,218$12,310,160$11,198,355$10,386,667
Program service revenue$3,760,519$3,199,273$2,677,178$2,570,999$2,435,674
Membership dues$0$0$0$0$0
Investment income$4,627$27,134$2,156$1,537$3,273
Other revenue($118,988)($88,257)$12,812$20,170$12,885
Total other revenue$3,646,158$3,138,150$2,692,146$2,592,706$2,451,832
Total revenue$18,805,168$15,944,368$15,002,306$13,791,061$12,838,499
 
Expenses20192018201720162015
Program services$17,375,864$14,912,700$13,682,367$12,885,814$12,007,860
Management and general$815,856$913,133$844,848$857,473$793,911
Fundraising$194,698$9,400$75,389$48,542$35,986
Total expenses$18,386,418$15,835,233$14,602,604$13,791,829$12,837,757
 
Change in net assets20192018201720162015
Surplus (deficit)$418,750$109,135$399,702($768)$742
Other changes in net assets$0$0$0$0$0
Total change in net assets$418,750$109,135$399,702($768)$742

Compensation

NameTitleCompensation
Stan DobbsFounder$275,000
Pete KellyCEO$213,826
Kelly JonesCOO$134,967
David MarshallRegional Pres.$131,107
Pete WaymanCFO$129,024
Joseph DavisRegional Pres.$119,626
Daniel FalconeRegional Pres.$114,762
Randall GinnanRegional Pres.$114,672
Kiley SharpDivision Pres.$113,441
Jaclyn RatzlaffDivision Pres.$104,368
David HickmanRegional Pres.$103,835

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/18/2021. To update the information below, please email: info@ministrywatch.com


History

After a career in the computer industry, Stan attended seminary in Fort Worth Texas and developed a passion for serving apartment communities while on staff at a church. Seeing the apartment industry's need for help in creating real community, Stan launched Apartment Life in 2000 with the support of several apartment industry executives, many of whom serve on the Board of Directors. Stan lives in the Dallas/Fort Worth area with his wife Vicky. They have four children - Amelia, Aaron, Elliott, and Graham.


Program accomplishments


Needs