Home Builders & Remodelers Association Of Central Connecticut
- Assets
- $654.6k
- Revenue
- $501.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Rocky Hill, CT
- Founding
- 05/1959
- Data as of
- 12/2021
- EIN
- 06-0661571
Organization Overview
Home Builders & Remodelers Association Of Central Connecticut is located in Rocky Hill, CT. The organization was established in 1959. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Home Builders & Remodelers Association Of Central Connecticut employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders & Remodelers Association Of Central Connecticut is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Home Builders & Remodelers Association Of Central Connecticut generated $501.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $588.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF COMMON INTERESTS IN HOME BUILDING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS, CONFERENCES, CONVENTION, EDUCATION AND SEMINARS ARE PROVIDED TO INCREASE MEMBERSHIP AWARENESS OF INDUSTRY ACTIVITIES.
CONNECTICUT HOME SHOW - HOME BUILDERS & REMODELERS ASSOCIATION OF GREATER HARTFORD, INC. SPONSORS THE HOME TRADE SHOW, WHICH PROMOTES PUBLIC AWARENESS OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Person Chief Executive Officer | Officer | 40 | $114,280 |
Liz Koiva President | OfficerTrustee | 5 | $0 |
Ted E Brown 1st Vice President | OfficerTrustee | 5 | $0 |
Eric A Santini Jr Immediate Past President | OfficerTrustee | 5 | $0 |
Jack Kemper Secretary | OfficerTrustee | 5 | $0 |
Matt Gilchrist 2nd Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $243,344 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,144 |
| Total Program Service Revenue | $138,234 |
| Investment income | $61,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $501,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,280 |
| Compensation of current officers, directors, key employees. | $114,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,218 |
| Pension plan accruals and contributions | $8,952 |
| Other employee benefits | $7,311 |
| Payroll taxes | $16,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $5,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588 |
| Insurance | $0 |
| All other expenses | $87,115 |
| Total functional expenses | $588,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,818 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,216 |
| Net Land, buildings, and equipment | $1,360 |
| Investments—publicly traded securities | $495,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,579 |
| Accounts payable and accrued expenses | $45,752 |
| Grants payable | $0 |
| Deferred revenue | $250,003 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $320,755 |
| Net assets without donor restrictions | $328,824 |
| Net assets with donor restrictions | $5,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $654,579 |
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|---|---|---|
Miriam Osborn Memorial Home Association Rye, NY | $165,989,645 | $45,008,516 |
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Homeownership Affordability Trust Fund Providence, RI | $111,238,696 | $1,978,717 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |
Building Owners And Managers Association Of Greater New York B New York, NY | $3,005,269 | $2,303,444 |
Newvue Affordable Housing Corporation Fitchburg, MA | $9,905,411 | $1,607,987 |
Joseph M Dassern Housing Corporation Dobbs Ferry, NY | $2,857,520 | $1,210,558 |