Apartment Life

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: 14

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 rating4 of 7251 of 26
Fund acquisition rating64 of 7262 of 26
Resource allocation rating36 of 7262 of 26
Asset utilization rating24 of 7252 of 26

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%0%1%0%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%1%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
88%80%82%81%81%81%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%0%1%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
12%20%18%19%19%19%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%94%94%93%94%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%99%97%100%100%98%
Program output ratio Program output ratio =
Program services /
Total revenue
80%94%91%93%94%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%1%3%0%0%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%13%57%0%0%87%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%6%6%6%6%5%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.248.868.6114.1913.6815.92
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.891.021.001.011.021.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.149.078.6514.3813.9416.86
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5827.164.895.6311.316.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.200.180.090.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.651.271.100.690.780.60
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%55%59%69%68%62%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
76%5%5%2%2%2%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,087,262$1,414,084$726,834$659,887$538,646
Receivables, inventories, prepaids$659,472$273,782$231,975$260,858$216,160
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,746,734$1,687,866$958,809$920,745$754,806
Long-term investments$0$0$0$0$0
Fixed assets$4,646$7,835$12,447$12,973$35,564
Other long-term assets$35,356$0$1,014$4,964$8,914
Total long-term assets$40,002$7,835$13,461$17,937$44,478
Total assets$1,786,736$1,695,701$972,270$938,682$799,284
 
Liabilities20182017201620152014
Payables and accrued expenses$64,310$251,195$66,231$49,165$86,504
Other current liabilities$0$93,660$104,166$32,235$34,124
Total current liabilities$64,310$344,855$170,397$81,400$120,628
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$911,608$649,163$499,892$554,533$376,649
Total long-term liabilities$911,608$649,163$499,892$554,533$376,649
Total liabilities$975,918$994,018$670,289$635,933$497,277
 
Net assets20182017201620152014
Unrestricted$795,613$193,989$16,576$302,749$302,007
Temporarily restricted$15,205$507,694$285,405$0$0
Permanently restricted$0$0$0$0$0
Net assets$810,818$701,683$301,981$302,749$302,007
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$12,806,218$12,310,160$11,198,355$10,386,667$10,552,657
Program service revenue$3,199,273$2,677,178$2,570,999$2,435,674$2,430,124
Membership dues$0$0$0$0$0
Investment income$27,134$2,156$1,537$3,273$2,506
Other revenue($88,257)$12,812$20,170$12,885$3,738
Total other revenue$3,138,150$2,692,146$2,592,706$2,451,832$2,436,368
Total revenue$15,944,368$15,002,306$13,791,061$12,838,499$12,989,025
 
Expenses20182017201620152014
Program services$14,912,700$13,682,367$12,885,814$12,007,860$12,018,911
Management and general$913,133$844,848$857,473$793,911$649,999
Fundraising$9,400$75,389$48,542$35,986$58,334
Total expenses$15,835,233$14,602,604$13,791,829$12,837,757$12,727,244
 
Change in net assets20182017201620152014
Surplus (deficit)$109,135$399,702($768)$742$261,781
Other changes in net assets$0$0$0$0$0
Total change in net assets$109,135$399,702($768)$742$261,781

Response from ministry

No response has been provided by this ministry.


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