California Apt Association
501(c)(6)
Only null% goes to programs Thin reserves Growing revenue
California Apt Association is a 501(c)(6) organization based in Sacramento, California, registered in 1943, with $261,468,933 in FY2024 revenue. CharityIndex grades it B.
980 9th St Ste 1430, Sacramento, CA, 95814 EIN 95-2829075 Since 1943
Revenue (FY2024)
$261.5M
▲ 746.1% vs prior year
Expenses (FY2024)
$265.4M
Net assets
$10.2M
Employees
25
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for California Apt Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For California Apt Association: 0 mo reserves · -2% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For California Apt Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For California Apt Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To represent the ethical members of the rental housing industry within the state of california
What they do
Communication and members services: the association provided extensive compliance guidance regarding the management and ownership of residential rental property, including: california specific "standard operational forms" (160), the "california managing rental housing reference book", an array of compliance papers (250), newsletters, publications, brochures, signs and other reference material to assist the members in the management of their properties. the association provides a comprehensive website that is a portal to a vast library of association information. the caa website had approximately 1,200,000 visits to its compliance page in 2024.
Advocacy program: the association is responsible for monitoring and representing the rental housing industry before the state legislature, state regulatory bodies, the courts and numerous city governments within the state of california. the association also provides a comprehensive brochure in english and spanish "renting: a user's manual" that is disseminated by the association to various elected officials' offices, and assists both owners and residents to understand their rights and responsibilities.
Contact & location
- Address
- 980 9th St Ste 1430, Sacramento, CA, 95814
- City
- Sacramento
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7.0M (FY2013) to $261.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.4MNet assets $10.2M
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$15.6M
Total liabilities
$5.4M
Net assets
$10.2M
Salaries & benefits
$6.4M
2% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $261,468,933▲746% | $265,432,476▲1035% | $10,215,955▼28.0% | $15,566,924▼22.6% | 990 |
| 2023 | $30,902,476▲199% | $23,389,058▲139% | $14,179,498▲113% | $20,102,322▲61.0% | 990 |
| 2022 | $10,347,193▲4.7% | $9,784,723▲15.2% | $6,666,080▲9.2% | $12,486,933▲17.6% | 990 |
| 2021 | $9,881,237▼87.9% | $8,497,146▼89.7% | $6,103,610▲29.3% | $10,618,601▲18.6% | 990 |
| 2020 | $81,997,904▲696% | $82,110,670▲801% | $4,719,519▼2.3% | $8,953,520▲3.2% | 990 |
| 2019 | $10,297,338▼83.7% | $9,110,608▼85.5% | $4,832,285▲32.6% | $8,675,059▲23.5% | 990 |
| 2018 | $63,354,730▲645% | $62,795,312▲622% | $3,645,555▼35.7% | $7,025,950▲0.3% | 990 |
| 2017 | $8,498,512▲9.8% | $8,702,211▲7.5% | $5,666,459▼3.5% | $7,006,412 | 990 |
| 2016 | $7,743,079▲6.9% | $8,092,316▲3.8% | $5,870,158▼5.6% | $7,004,325▼0.3% | 990 |
| 2015 | $7,244,918▲3.3% | $7,795,890▲11.7% | $6,219,395▼8.2% | $7,026,828▼3.4% | 990 |
| 2014 | $7,011,495▲0.7% | $6,978,108▲1.5% | $6,777,634▲0.5% | $7,271,033▲0.2% | 990 |
| 2013 | $6,964,514 | $6,877,131▲4.5% | $6,744,247▲1.3% | $7,256,302▲1.3% | 990 |
| 2012 | — | $6,582,179▲27.5% | $6,656,864▲43.0% | $7,165,434▲42.2% | 990 |
| 2011 | — | $5,163,361▼1.4% | $4,656,531 | $5,040,048▼0.1% | 990 |
| 2010 | — | $5,236,026 | $4,654,582 | $5,042,725 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Thomas K Bannon — $583,319 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas K Bannon | Ceo | 40 | $583,319 |
| Joshua Howard | Executive Vp Local Public | 40 | $381,028 |
| Debra Carlton | Evp State Gov't Affairs | 40 | $364,971 |
| Tony Bui | Svp State Public Affairs | 40 | $319,608 |
| Whitney Prout | Compliance Council | 40 | $293,270 |
| Forrest Walsh | Vp Information Technology | 40 | $246,586 |
| Victor Cao | Senior Vp Public Affairs | 40 | $240,049 |
| Laura Meadows | Controller | 40 | $227,447 |
| Frederick Sutton | Senior Vp Public Affairs | 40 | $220,591 |
| Monica Deka | Compliance Council | 40 | $211,310 |
| Embert Madison | State Advocacy and Compliance | 40 | $203,860 |
| Anil Babbar | Senior Vp Public Affairs | 40 | $203,195 |
| Adam Goldfarb | Immediate Past President | 1 | — |
| Barry Altshuler | Director | 1 | — |
| Bradley Johnson | President Electt | 1 | — |
| Brad Romano | Director | 1 | — |
| Bruce Rueppel | Secretary/treasurer | 2 | — |
| Carter Powell | Director | 1 | — |
| Christopher Van Ens | Director | 1 | — |
| Craig Rooney | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nielsen Merksamer Parrinello & Leoni LLP | Legal Consulting | $1,855,280 |
| Fti Consulting Inc | Research Consulting | $529,400 |
| Hilltop Public Solutions LLC | Research Consulting | $516,120 |
| Xomad LLC | Media Consulting | $250,000 |
| Click Strategies | Research Consulting | $235,000 |
Grants received · $113K total
2 grants to California Apt Association totaling $113K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Association of Realtors | General support | 2022 | $100,000 |
| National Association of Realtors | General support | 2020 | $13,000 |
Grants made · $139K in FY2024
6 grants totaling $139K in FY2024. All grants made by California Apt Association →
| Recipient | Purpose | Amount |
|---|---|---|
| Equality California | To help continue to support the organizations efforts of education and advocacy through the nations largest statewide lgbtq civil rights organization | $75,000 |
| California Issues Forum | To promote social welfare by educating the public and providing a forum to discuss topical issues of community interest | $25,000 |
| California Women Lead | To promote and support the development of women in science, technology, engineering and mathematics. | $10,000 |
| California Fire Foundation | To promote emotional and financial assistance to families of fallen firefighters. | $10,000 |
| California Capitol Network | To promote and support building professional networks and fellowship among women in the california capitol community. | $10,000 |
| Valley Industry & Commerce Assoc Warner Center Plaza 1 | To promote and enhance the economic vitality of the greater san fernando valley region | $9,000 |
Frequently asked questions
- Is California Apt Association a legitimate nonprofit?
- Yes. California Apt Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 95-2829075, based in Sacramento, California.
- What is California Apt Association's EIN?
- California Apt Association's Employer Identification Number (EIN) is 95-2829075.
- How much revenue does California Apt Association report?
- California Apt Association reported $261,468,933 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does California Apt Association have?
- CharityIndex grades California Apt Association B, based on financial health (reserves and operating margin).
- How much does California Apt Association's highest-paid employee make?
- The highest reported compensation on California Apt Association's latest Form 990 is $583,319, paid to Thomas K Bannon (Ceo).
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Data for California Apt Association (EIN 95-2829075) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.