Wilmington Apartment Association

The Wilmington Apartment Association (WAA) is a nonprofit organization based in Wilmington, North Carolina, primarily serving the multifamily housing industry in the southeastern region of the state. Established in 1987 by industry leaders, including Larry Cranford and Miranda Rutledge, the organization aims to promote the interests of property owners, managers, and related businesses in the apartment sector.

Mission and Activities

WAA functions as a business league, classified under IRS designation 501(c)(6), focusing on improving business conditions within the multifamily housing industry. It provides a range of services and resources, including:

• Training and Education: The association offers educational programs tailored to the needs of its members, covering various aspects of apartment management and maintenance.

• Networking Opportunities: Regular events and meetings facilitate connections among members, allowing for the exchange of ideas and best practices within the industry.

• Advocacy and Representation: WAA works to represent the interests of its members at local and state levels, advocating for policies that benefit the multifamily housing market.

• Scholarship Programs: The organization sponsors scholarships, such as the Larry Cranford Scholarship, which supports education and professional development in the field.

Financial Overview

According to the organization's Form 990 filings, WAA predominantly funds its activities through contributions and program service revenues. For the fiscal year ending December 2021, the association reported total revenues of approximately $197,390, with contributions making up over half of this amount. The organization maintains a commitment to transparency, regularly filing reports with the IRS detailing its financials and governance.

Community Impact

WAA plays a significant role in the Wilmington community by organizing events that not only benefit its members but also contribute to local charitable initiatives. Events like luncheons and tournaments help raise funds for various causes, highlighting the association's commitment to giving back to the community.

Publications and Resources

The association publishes UNITS Magazine, a trade publication that features news and profiles from the apartment housing industry, offering insights and updates to its members. This resource serves as a platform for sharing knowledge and promoting innovation within the sector.

Conclusion

The Wilmington Apartment Association stands as a pivotal organization within the multifamily housing industry in Southeastern North Carolina, fostering professional growth, community engagement, and advocacy for property management professionals. Through its various programs and initiatives, WAA continues to enhance the business environment for its members while contributing positively to the local community.