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