Apartment Life

The information on this page was last updated 5/18/2023. If you see errors or omissions, please email: [email protected]


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: [email protected]


Organization details

EIN: 752868621

CEO/President: Pete Kelly

Chairman: Keith Dunkin

Board size: 14

Founder: Stan Dobbs

Ruling year: 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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating37 of 11048 of 122
Fund acquisition rating291 of 110530 of 122
Resource allocation rating37 of 110512 of 122
Asset utilization rating87 of 11049 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%3%3%1%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%3%2%1%1%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%79%79%81%81%80%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%2%1%1%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%21%21%19%19%20%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%93%94%95%95%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%98%98%92%98%99%
Program output ratio Program output ratio =
Program services /
Total revenue
75%91%91%88%92%94%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%2%2%8%2%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%14%15%57%34%13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%5%4%4%4%6%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.843.663.974.287.598.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.741.011.031.041.061.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.723.694.104.448.029.07
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.078.9711.5861.099.9427.16
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.110.090.020.100.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.272.892.672.661.351.27
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%45%41%38%49%55%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%15%15%14%7%5%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$5,588,765$5,014,467$3,507,369$1,514,751$1,087,262
Receivables, inventories, prepaids$1,543,530$603,493$1,018,749$778,216$659,472
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$7,132,295$5,617,960$4,526,118$2,292,967$1,746,734
Long-term investments$50,000$50,000$50,000$0$0
Fixed assets$0$0$0$2,223$4,646
Other long-term assets$5,647$139,966$119,642$127,499$35,356
Total long-term assets$55,647$189,966$169,642$129,722$40,002
Total assets$7,187,942$5,807,926$4,695,760$2,422,689$1,786,736
 
Liabilities20222021202020192018
Payables and accrued expenses$18,075$12,764$74,090$230,573$64,310
Other current liabilities$776,635$472,343$0$0$0
Total current liabilities$794,710$485,107$74,090$230,573$64,310
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,421,881$1,907,736$1,733,054$962,548$911,608
Total long-term liabilities$2,421,881$1,907,736$1,733,054$962,548$911,608
Total liabilities$3,216,591$2,392,843$1,807,144$1,193,121$975,918
 
Net assets20222021202020192018
Without donor restrictions$3,953,098$3,338,643$2,826,546$1,216,103$795,613
With donor restrictions$18,253$76,440$62,070$13,465$15,205
Net assets$3,971,351$3,415,083$2,888,616$1,229,568$810,818
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$21,259,036$18,724,018$17,703,095$15,159,010$12,806,218
Program service revenue$5,729,213$4,725,835$4,030,809$3,760,519$3,199,273
Membership dues$0$0$0$0$0
Investment income$85,853$47,716$9,453$4,627$27,134
Other revenue($176,492)$61,278$23,837($118,988)($88,257)
Total other revenue$5,638,574$4,834,829$4,064,099$3,646,158$3,138,150
Total revenue$26,897,610$23,558,847$21,767,194$18,805,168$15,944,368
 
Expenses20222021202020192018
Program services$24,455,429$21,543,429$19,105,666$17,375,864$14,912,700
Management and general$1,201,084$968,694$825,067$815,856$913,133
Fundraising$684,829$520,257$177,413$194,698$9,400
Total expenses$26,341,342$23,032,380$20,108,146$18,386,418$15,835,233
 
Change in net assets20222021202020192018
Surplus (deficit)$556,268$526,467$1,659,048$418,750$109,135
Other changes in net assets$0$0$0$0$0
Total change in net assets$556,268$526,467$1,659,048$418,750$109,135

Compensation

NameTitleCompensation
Pete KellyCEO$246,644
Kelly JonesCOO$162,048
Randall GinnanRegional President$149,528
Jaclyn RatzlaffRegional President$146,176
David MarshallRegional President$141,967
Kiley SharpDivisional Pres.$138,287
Joseph DavisRegional President$137,420
Stan DobbsFounder$125,000
Ryan WilliamsCPO$111,250
Sommer ClaymanCFO$80,216

Compensation data as of: 12/31/2022


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 5/18/2023. To update the information below, please email: [email protected]


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