Apartment Trends Magazine June 2017 | Page 19

2016 - 2017 MILESTONES FINANCE Where We Stand: 2016 Financial Statements Consolidated Statements of Financial Position Year Ended June 30, 2015 Consolidated Statements of Activities Year Ended June 30, 2015 ASSETS REVENUE Cash & cash equivalents Accounts receivable Forms inventory Prepaid Expenses Other Assets Investments Property & Equipment $ $ $ $ $ $ $ 1,059,842 627,950 8,259 42,516 12,180 1,381,601 31,400 Total Assets $ 3,163,748 LIABILITIES AND NET ASSETS Liabilities Accounts Payable Accrued Liabilities Deferred Revenue Deferred lease obligation Deferred lease incentive $ $ $ $ $ 83,568 121,476 1,483,267 12,924 0 Total Liabilities $ 1,701,235 Unrestricted $ Unrestricted – designated $ 470,406 992,107 Net Assets Total Net Assets $ Total Liabilities & Net Assets $ Events & Functions Membership Publications & Advertising Gov’t Affairs / Alliance Education Member Services Management Fees Other income Investment income $ $ $ $ $ $ $ $ $ 1,638,768 1,203,184 211,984 116,981 219,187 92,393 197,000 3,851 37,207 Total Revenue $ 3,720,555 LEADERSHIP New Leadership Program (LEAP) Launches This past year AAMD launched a Leadership Program called LEAP (Leaders Engaged in Action & Performance). The focus is just that- getting industry and association leaders engaged in action and performance of AAMD and their organizations. We held 6 LEAP Forums, including several special guest speakers who spoke on a variety of topics to EXPENSES Personnel (AAMD & CAA) Events & Functions Office operations Membership Publications & Advertising Gov’t Affairs / Alliance Education Member Services Professional Services Governance $ $ $ $ $ $ $ $ $ $ 1,123,836 1,099,260 270,516 354,801 94,299 187,139 92,381 50,255 85,506 36,676 Total Expenses $ 3,394,669 1,462,513 Change in Net Assets $ 325,886 3,163,748 Net Assets at start of year Net Assets at end of year $ $ 1,136,627 1,462,513 advance leadership within AAMD and the apartment industry. LEAP will continue to grow and expand its offerings to current and potential leaders. HALL OF FAME Nine Inductees to the AAMD Hall of Fame at June Awards The AAMD Hall of Fame was established in 2015 to recognize exceptional leaders in the industry throughout the past five decades. There will be 50 individuals in the Hall of Fame in 2018, when AAMD celebrates its 50 year anniversary. LYNETT BROCKMAN TERRY CONSIDINE TIM MCENTEE SHARON O’CONNELL DONALD SIMPSON TERRY SIMONE ROCKY SUNDLING CAROL WEAVER FREDA POUNDSTONE The inductees were selected by the current living members of the AAMD Hall of Fame, and are proud to welcome the following individuals at June Awards on June 15. www.aamdhq.org JUNE 2017 • TRENDS | 17