Apartment Building Owners and Managers Association

What Apartment Building Owners and Managers Association does

ABOMA (Apartment Building Owners and Managers Association of Illinois) is a not-for-profit trade association founded in 1936 and headquartered in Chicago, Illinois, representing the ownership and management of over 500 high-rise and walk-up residential buildings in the Chicagoland area. Member buildings are approximately 60% condominium associations or cooperatives and 40% rental buildings. The association operates two membership categories: Building Membership, where each physical residential building is entitled to two representatives and annual dues are paid (amount not publicly disclosed), and Supplier Membership, available to companies providing goods and services to the residential building industry at $500 per organization annually, capped at 20% of building membership per by-laws.

ABOMA's core service is collective bargaining representation. The association negotiates and administers multiple collective bargaining agreements (CBAs) on behalf of member buildings, including agreements with SEIU Local 1 covering janitorial employees, door staff, and receiving room employees, and with Teamsters Local 727 covering parking garage employees. Current CBAs include the Doorstaff CBA (December 2022–November 2025), the High-Rise Janitorial CBA (December 2024–November 2027), and the Teamsters CBA (November 2021–October 2026). Member benefits also include employee training programs delivered through the SEIU Local 1 Training Fund, continuing education seminars, networking events, grievance procedures, and access to an online supplier directory. ABOMA does not operate a proprietary technology platform; service delivery is conducted via the association website (aboma.com), email, in-person events, and a downloadable PDF supplier directory.

The association is governed by a voluntary board consisting of 5 officers and 16 directors elected annually by member buildings, supplemented by an appointed Corporate Secretary and outside counsel (Troutman Pepper Locke LLP). Its business model is entirely dues-funded subscription recurring revenue, with no disclosed financial statements. Membership growth is primarily driven by direct outreach, member referrals, and the structural advantage of "favored employer" clauses embedded in the CBAs, which prevent non-members from receiving more favorable union terms, effectively creating a barrier to non-membership for high-rise residential buildings covered by these labor agreements.

Name

Apartment Building Owners and Managers Association

Legal name

Apartment Building Owners and Managers Association of Illinois

Website

https://aboma.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

ABOMA is a Chicago-based not-for-profit trade association founded in 1936 that negotiates collective bargaining agreements with SEIU Local 1 and Teamsters Local 727 on behalf of over 500 Chicagoland high-rise and walk-up residential buildings.

Ownership category

akta.pro rank

Product category

Trade Association Services

NAICS

Business Associations (813910), Professional Organizations (81392)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Mixed-Use Community Association Management (BPAJAHAF)

Keywords

• Trade association services
• Collective bargaining representation
• Residential property management
• Labor union agreements
• Member-based advocacy

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Building Membership Dues: ABOMA collects annual membership dues from building owners and managers. Building membership is based on a 'physical' residential building whether condominium, cooperative or rental. Each member building is entitled to two representatives.
2. Supplier Membership Dues: ABOMA collects annual dues of $500 per company/organization from supplier members who provide goods or services to the residential building industry. ABOMA by-laws limit supplier members to 20% of regular building membership.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ABOMA is a not-for-profit trade association that provides Building Membership and Supplier Membership to Chicago's high-rise residential community. Its fundamental offering is collective bargaining representation with SEIU Local 1 and Teamsters Local 727 covering janitorial, door staff, receiving room, and garage employees, supplemented by employee training programs, continuing education seminars, networking events, and a curated supplier directory.

Product overview

ABOMA is a not-for-profit trade association founded in 1936 that represents the ownership and management of over 500 High-Rise and Walk-Up Residential Buildings in the Chicago area. The organization provides two core membership types: Building Membership for physical residential buildings (condominium, cooperative, or rental) and Supplier Membership for companies providing goods and services to the residential building industry. Key services include negotiating and administering collective bargaining agreements with SEIU Local 1 and Teamsters Local 727, facilitating employee training programs through SEIU Local 1 Training Fund, organizing networking events and seminars, and maintaining an online supplier directory. The association does not offer a software product but rather serves as a collective bargaining and networking organization for the Chicagoland high-rise residential community.

Differentiator

Problem solved

Functional benefit

Products and services

• Building Membership Annual membership for each physical residential building (condominium, cooperative, or rental) in the Chicagoland area. Each member building is entitled to two representatives. Members gain access to ABOMA's collectively negotiated labor agreements, employee training programs, continuing education seminars, networking events, and the supplier directory. Only Building Members may be party to the Labor Contracts negotiated by the Association.
• Supplier Membership Annual membership for companies or organizations providing goods and services to the residential building industry, providing direct access to ABOMA's 500+ member buildings through the online supplier directory, association networking events, and sponsorship opportunities. Priced at $500 per company/organization per year.
• Collective Bargaining Agreements Collective bargaining agreements negotiated and administered by ABOMA on behalf of member buildings. ABOMA negotiates with SEIU Local 1 for janitorial employees (High-Rise Janitorial CBA covering Dec 1, 2024 - Nov 30, 2027), door staff and receiving room employees (DoorStaff CBA covering Dec 1, 2022 - Nov 30, 2025), and walk-up janitorial employees; and with Teamsters Local 727 for garage employees (covering Nov 1, 2021 - Oct 31, 2026). Includes 'favored employer' clause ensuring non-members cannot receive more favorable union terms.
• Employee Training Program Workforce training for chief engineers, janitors, door staff, and receiving room employees delivered through the SEIU Local 1 Training Fund located at 120 S. Sangamon Street, Chicago. Available to ABOMA member buildings as part of their collectively bargained benefits.
• ABOMA Events and Seminars Annual calendar of in-person events for Building Members, designated representatives, and Supplier Members, including Managers Night Out, an Educational Seminar & Networking Reception, and an Annual Meeting & Holiday Luncheon. Events support professional development, continuing education, and peer-to-peer networking across the Chicagoland high-rise community.
• ABOMA Supplier Directory Searchable online directory of supplier member companies available to ABOMA building members and downloadable in PDF format with active links. Organized by business categories including accounting, appliance/electronics, contractors, security, elevators, and other services for the residential building industry.

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• SEIU Local 1coreStrategic or Co-development Partner · 1 January 1936ABOMA engages in collective bargaining on behalf of member buildings with SEIU Local 1. The partnership covers janitorial employees in high-rise and walk-up residential buildings, door staff, and receiving room employees. ABOMA Directors serve as Management Trustees of the SEIU Local 1 Health & Pension Funds and Training Fund. Three separate CBAs are negotiated and administered through this partnership.
• Teamsters Local 727coreStrategic or Co-development Partner · 1 January 1936ABOMA negotiates and administers a collective bargaining agreement covering parking garage employees in residential buildings with Teamsters Local 727. The current agreement covers the period November 1, 2021 through October 31, 2026.
• SEIU Local 1 Training FundcoreStrategic or Co-development Partner · 1 January 1936Partnership between SEIU Local 1 and ABOMA providing employee training for janitorial and door staff employees. The Training Fund is located at 120 S. Sangamon Street, Chicago, Illinois 60607, with Tom Dobry serving as Executive Director.
• Community Associations Institute Illinois (CAI)minorOthersABOMA sister organization providing news, events, and resources for community association professionals.
• Institute of Real Estate Management Chicago (IREM)minorOthersABOMA sister organization providing professional development resources for real estate management professionals.
• Chicago Association of Realtors (CAR)minorOthersABOMA sister organization providing resources and advocacy for real estate professionals in Chicago.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• National Association of Home Builders (NAHB): Broad national trade association for the residential construction industry, including multifamily. Operates a model similar to ABOMA (state/local affiliates, dues-funded, advocacy, education) at much larger scale, but across construction rather than operating phase.
• National Multifamily Housing Council (NMHC): National trade association representing apartment owners, managers, and developers — broader scope than ABOMA, including policy advocacy and research. Overlaps in membership and supplier ecosystem but more policy-focused than bargaining-focused.

Direct peers

• Institute of Real Estate Management (IREM): International professional association for real estate managers (CPM/AMO credentials). ABOMA lists IREM Chicago as a sister organization; comparable member-driven professional association model serving property managers.
• National Association of Residential Property Managers (NARPM): National membership association for single-family and small residential property managers. Provides training, certification (RMP designation), and supplier affinity similar to ABOMA, but at a national residential level.
• Community Associations Institute (CAI): National trade association and accrediting body for homeowner associations, condominium associations, and cooperatives. ABOMA already serves condo/coop members at a regional scale and lists CAI Illinois as a sister organization — directly comparable membership-association model.
• BOMA International (Building Owners and Managers Association International): National trade association for commercial office and industrial building owners/managers — same multi-employer association, dues-driven, advocacy model as ABOMA, but for commercial rather than high-rise residential real estate. Closest structural analog.
• National Apartment Association (NAA): National federation of 141+ state and local apartment associations, providing advocacy, education, and supplier engagement for rental housing. Directly analogous to ABOMA but at national scale and rental-focused.

Regional players

• Chicago Association of REALTORS: Local REALTOR trade association serving Chicago real estate professionals — listed by ABOMA as a sister organization. Comparable regional membership-association model and overlapping Chicago real estate ecosystem, but brokerage rather than building operations focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aboma

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apartment Building Owners and Managers Association