AI States Strong Financials at Membership Meeting
The Appraisal Institute was ahead of budget in the first half of 2013, reported AI Vice President M. Lance Coyle, MAI, SRA, who serves as the organization’s Finance Committee chair. The announcement came as the Appraisal Institute conducted its annual membership meeting July 26 in Indianapolis.
Members heard that the Appraisal Institute showed a net surplus of $790,000 as of June 30. That amount is $861,000 ahead of budget.
The Appraisal Institute’s annual membership meeting was held in accordance with the Illinois General Not For Profit Corporation Act of 1986. Based in Chicago, AI is registered as a nonprofit organization in Illinois.