Northern Virginia Apartment Association
EIN: 540678235 · Arlington, VA
| Metric | Value |
|---|---|
| Total Revenue | $383K |
| Total Expenses | $220K |
| Net Assets | $54K |
Is Northern Virginia Apartment Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northern Virginia Apartment Association
Northern Virginia Apartment Association (EIN: 540678235) is a nonprofit organization based in Arlington, VA. The organization reported total revenue of $383K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Virginia Apartment Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Virginia Apartment Association is a small nonprofit that has been operating for 63 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $220K |
| Surplus / Deficit | +$14K |
| Total Assets | $56K |
| Total Liabilities | $2K |
| Net Assets | $54K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, Northern Virginia Apartment Association reported a surplus of $14K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Northern Virginia Apartment Association's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | -23.2% | +8.6% |
| 2022 | +90.9% | +89.1% | -44.3% |
| 2021 | -45.4% | +2.9% | -50.4% |
| 2020 | +62.5% | +13.6% | +1653.8% |
| 2019 | +44.5% | +6.1% | +1066600.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Northern Virginia Apartment Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northern Virginia Apartment Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Northern Virginia Apartment Association
Is Northern Virginia Apartment Association a legitimate charity?
Northern Virginia Apartment Association (EIN: 540678235) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $383K. No red flags identified. Financial health grade: A.
How does Northern Virginia Apartment Association spend its money?
Northern Virginia Apartment Association reported $383K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Northern Virginia Apartment Association tax-deductible?
Northern Virginia Apartment Association is registered as a tax-exempt nonprofit (EIN: 540678235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northern Virginia Apartment Association located?
Northern Virginia Apartment Association is headquartered in Arlington, Virginia and files with the IRS under EIN 540678235.
How many years of IRS 990 filings does Northern Virginia Apartment Association have?
Northern Virginia Apartment Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $383K in total revenue.
Filing History
IRS 990 filing history for Northern Virginia Apartment Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Northern Virginia Apartment Association's revenue has declined by 18.9%, moving from $288K to $234K. Total assets decreased by 24.8% over the same period, from $75K to $56K. Total functional expenses fell by 25.6%, from $295K to $220K. In its most recent filing year (2023), Northern Virginia Apartment Association reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $56K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $220K | $56K | $2K | — | View 990 |
| 2022 | $247K | $286K | $52K | $11K | — | View 990 |
| 2021 | $130K | $151K | $93K | $14K | — | View 990 |
| 2020 | $237K | $147K | $187K | $86K | — | — |
| 2019 | $146K | $129K | $11K | $0 | — | View 990 |
| 2018 | $101K | $122K | $1 | $6K | — | View 990 |
| 2016 | $244K | $264K | $58K | $0 | — | View 990 |
| 2015 | $290K | $275K | $78K | $0 | — | View 990 |
| 2014 | $300K | $321K | $63K | $0 | — | View 990 |
| 2013 | $232K | $236K | $84K | $0 | — | View 990 |
| 2012 | $250K | $236K | $89K | $0 | — | View 990 |
| 2011 | $288K | $295K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $220K, and assets of $56K (revenue -5.4% year-over-year).
- 2022: Revenue of $247K, expenses of $286K, and assets of $52K (revenue +90.9% year-over-year).
- 2021: Revenue of $130K, expenses of $151K, and assets of $93K (revenue -45.4% year-over-year).
- 2020: Revenue of $237K, expenses of $147K, and assets of $187K (revenue +62.5% year-over-year).
- 2019: Revenue of $146K, expenses of $129K, and assets of $11K (revenue +44.5% year-over-year).
- 2018: Revenue of $101K, expenses of $122K, and assets of $1 (revenue -58.6% year-over-year).
- 2016: Revenue of $244K, expenses of $264K, and assets of $58K (revenue -15.8% year-over-year).
- 2015: Revenue of $290K, expenses of $275K, and assets of $78K (revenue -3.2% year-over-year).
- 2014: Revenue of $300K, expenses of $321K, and assets of $63K (revenue +29.4% year-over-year).
- 2013: Revenue of $232K, expenses of $236K, and assets of $84K (revenue -7.5% year-over-year).
- 2012: Revenue of $250K, expenses of $236K, and assets of $89K (revenue -13.2% year-over-year).
- 2011: Revenue of $288K, expenses of $295K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Virginia Apartment Association:
Data Sources and Methodology
This transparency report for Northern Virginia 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.