Apartment Life

The information on this page was last updated 7/28/2022. 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: 15

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 rating12 of 10343 of 79
Fund acquisition rating103 of 10368 of 79
Resource allocation rating23 of 10363 of 79
Asset utilization rating54 of 10344 of 79

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%1%1%0%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%0%1%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%81%81%80%82%81%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%0%1%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%19%19%20%18%19%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%95%95%94%94%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%92%98%99%97%100%
Program output ratio Program output ratio =
Program services /
Total revenue
69%88%92%94%91%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%8%2%1%3%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%57%34%13%57%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%4%4%6%6%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.804.287.598.868.6114.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.131.041.061.021.001.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.694.448.029.078.6514.38
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.9461.099.9427.164.895.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.020.100.040.200.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.252.661.351.271.100.69
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%38%49%55%59%69%
Debt ratio Debt ratio =
Debt /
Total assets
2%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
102%14%7%5%5%2%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,507,369$1,514,751$1,087,262$1,414,084$726,834
Receivables, inventories, prepaids$1,018,749$778,216$659,472$273,782$231,975
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,526,118$2,292,967$1,746,734$1,687,866$958,809
Long-term investments$50,000$0$0$0$0
Fixed assets$0$2,223$4,646$7,835$12,447
Other long-term assets$119,642$127,499$35,356$0$1,014
Total long-term assets$169,642$129,722$40,002$7,835$13,461
Total assets$4,695,760$2,422,689$1,786,736$1,695,701$972,270
 
Liabilities20202019201820172016
Payables and accrued expenses$74,090$230,573$64,310$251,195$66,231
Other current liabilities$0$0$0$93,660$104,166
Total current liabilities$74,090$230,573$64,310$344,855$170,397
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,733,054$962,548$911,608$649,163$499,892
Total long-term liabilities$1,733,054$962,548$911,608$649,163$499,892
Total liabilities$1,807,144$1,193,121$975,918$994,018$670,289
 
Net assets20202019201820172016
Without donor restrictions$2,826,546$1,216,103$795,613$193,989$16,576
With donor restrictions$62,070$13,465$15,205$507,694$285,405
Net assets$2,888,616$1,229,568$810,818$701,683$301,981
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$17,703,095$15,159,010$12,806,218$12,310,160$11,198,355
Program service revenue$4,030,809$3,760,519$3,199,273$2,677,178$2,570,999
Membership dues$0$0$0$0$0
Investment income$9,453$4,627$27,134$2,156$1,537
Other revenue$23,837($118,988)($88,257)$12,812$20,170
Total other revenue$4,064,099$3,646,158$3,138,150$2,692,146$2,592,706
Total revenue$21,767,194$18,805,168$15,944,368$15,002,306$13,791,061
 
Expenses20202019201820172016
Program services$19,105,666$17,375,864$14,912,700$13,682,367$12,885,814
Management and general$825,067$815,856$913,133$844,848$857,473
Fundraising$177,413$194,698$9,400$75,389$48,542
Total expenses$20,108,146$18,386,418$15,835,233$14,602,604$13,791,829
 
Change in net assets20202019201820172016
Surplus (deficit)$1,659,048$418,750$109,135$399,702($768)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,659,048$418,750$109,135$399,702($768)

Compensation

NameTitleCompensation
Stan DobbsFounder$286,135
Pete KellyCEO$241,881
Randall GinnanRegional President$156,170
Pete WaymanCFO$152,953
Joseph DavisRegional President$139,247
David MarshallRegional President$137,333
Jaclyn RatzlaffDivision Pres.$132,333
Kelly JonesCOO$127,640
Kiley SharpDivision Pres$119,752
Daniel FalconeRegional President$109,064
David HickmanRegional President$107,351

Compensation data as of: 12/31/2020


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 7/28/2022. 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