Connecticut Apartment Association
Connecticut Apartment Association shows strong revenue and asset growth with zero reported officer compensation.
EIN: 100006520 · West Hartford, CT · NTEE: S40 · Updated: 2026-03-26
Is Connecticut Apartment Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Apartment Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Apartment Association
Connecticut Apartment Association (EIN: 100006520) is a nonprofit organization based in West Hartford, CT, classified under NTEE code S40. The organization reported total revenue of $725K and total assets of $577K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Apartment Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connecticut Apartment Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Connecticut Apartment Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Connecticut Apartment Association consistently reports 0% officer compensation across all 12 available IRS 990 filings, indicating that its leadership is either volunteer or compensated through non-officer categories, which is highly efficient for an organization of its size with latest revenue of $370,468.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connecticut Apartment Association's IRS 990 filings:
- Increase in liabilities to $126,883 in the latest filing, which warrants monitoring.
Strengths
The following positive indicators were identified for Connecticut Apartment Association:
- Consistent revenue growth, with latest revenue at $370,468.
- Significant asset growth, reaching $509,675 in the latest period.
- 0% reported officer compensation across all filings, indicating high efficiency.
- Consistent surplus in recent years, contributing to asset accumulation.
- Long history of IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Connecticut Apartment Association
Is Connecticut Apartment Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Apartment Association (EIN: 100006520) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Connecticut Apartment Association spend its money?
Connecticut Apartment Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Apartment Association tax-deductible?
Connecticut Apartment Association is registered as a tax-exempt nonprofit (EIN: 100006520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Connecticut Apartment Association financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $248,147 in 2022 to $370,468 in 2023, and a significant increase in assets from $286,075 to $509,675 in the same period.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting a highly efficient model where executive leadership is likely volunteer-based or compensated through other means not classified as officer compensation.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, particularly in recent years, growing from $286,075 in 2022 to $509,675 in 2023, indicating effective resource accumulation.
Filing History
IRS 990 filing history for Connecticut Apartment Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Connecticut Apartment Association's revenue has grown by 389.9%, moving from $76K to $370K. Total assets increased by 87.6% over the same period, from $272K to $510K. Total functional expenses rose by 150.3%, from $109K to $274K. In its most recent filing year (2023), Connecticut Apartment Association reported a surplus of $97K, with revenue exceeding expenses. The organization holds $127K in liabilities against $510K in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $383K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $274K | $510K | $127K | — | View 990 |
| 2022 | $248K | $243K | $286K | $0 | — | View 990 |
| 2021 | $223K | $165K | $280K | $0 | — | View 990 |
| 2020 | $263K | $218K | $232K | $9K | — | View 990 |
| 2019 | $157K | $207K | $201K | $24K | — | View 990 |
| 2018 | $202K | $219K | $227K | $0 | — | View 990 |
| 2017 | $157K | $171K | $243K | $0 | — | View 990 |
| 2016 | $139K | $150K | $257K | $0 | — | View 990 |
| 2015 | $85K | $104K | $267K | $0 | — | View 990 |
| 2014 | $74K | $45K | $287K | $0 | — | View 990 |
| 2013 | $86K | $100K | $258K | $0 | — | View 990 |
| 2012 | $76K | $109K | $272K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $274K, and assets of $510K (revenue +49.3% year-over-year).
- 2022: Revenue of $248K, expenses of $243K, and assets of $286K (revenue +11.1% year-over-year).
- 2021: Revenue of $223K, expenses of $165K, and assets of $280K (revenue -15.3% year-over-year).
- 2020: Revenue of $263K, expenses of $218K, and assets of $232K (revenue +67.4% year-over-year).
- 2019: Revenue of $157K, expenses of $207K, and assets of $201K (revenue -22.3% year-over-year).
- 2018: Revenue of $202K, expenses of $219K, and assets of $227K (revenue +28.9% year-over-year).
- 2017: Revenue of $157K, expenses of $171K, and assets of $243K (revenue +12.8% year-over-year).
- 2016: Revenue of $139K, expenses of $150K, and assets of $257K (revenue +64.1% year-over-year).
- 2015: Revenue of $85K, expenses of $104K, and assets of $267K (revenue +15.0% year-over-year).
- 2014: Revenue of $74K, expenses of $45K, and assets of $287K (revenue -14.6% year-over-year).
- 2013: Revenue of $86K, expenses of $100K, and assets of $258K (revenue +14.2% year-over-year).
- 2012: Revenue of $76K, expenses of $109K, and assets of $272K.
Data Sources and Methodology
This transparency report for Connecticut Apartment Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.