Factory Built Owners Of America
- Assets
- $516.6k
- Revenue
- $22.9k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-0356200
Organization Overview
Factory Built Owners Of America is located in San Antonio, TX. The organization was established in 2005. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Factory Built Owners Of America is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Factory Built Owners Of America generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $158.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INFORMATION & EDUCATION ABOUT ACQUIRING MAINTAINING AND IMPROVING FACTORY BUILT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FBOA URBAN MANUFACTURED HOME PROGRAM: DESIGNED TO DEMONSTRATE THAT MANUFACTURED HOMES BUILT IN URBAN AREAS ARE ECONOMICALLY BENEFICIAL AND WILL NOT DETRACT FROM SURROUNDING PROPERTY VALUES. THE PROGRAM IS CONDUCTED IN NEW ORLEANS, WHERE THE CITY CONTROLS THOUSANDS OF HOME SITES THAT COULD BE USED TO ADDRESS THE ESTIMATED 30,000 UNITS NEEDED TO MEET CURRENT HOUSING NEEDS. BY LOWERING BARRIERS FOR POLICYMAKERS AND AFFORDABLE HOUSING DEVELOPERS AND BY COUNTERING NEGATIVE PERCEPTIONS ABOUT MANUFACTURED HOMES, FBOA HOPES THAT MANUFACTURED HOMES WILL BECOME A VIABLE OPTION FOR DENSELY POPULATED URBAN AREAS. BY DEMONSTRATING THE EFFECTIVENESS OF MANUFACTURED HOMES AS A HOUSING SOLUTION IN DENSELY POPULATED AREAS, FBOA WILL EXPAND ITS COMMITMENT TO REPRESENT THE COMMON INTERESTS OF THE OWNERS OF MANUFACTURED HOMES BY EDUCATING CITY LEADERS ABOUT THE PURCHASE AND MAINTENANCE OF FACTORY-BUILT HOMES. FBOA BELIEVES MANUFACTURED HOMES CAN HELP ALLEVIATE THE HOUSING SHORTAGE IN URBAN AREAS BY PROVIDING AN AFFORDABLE, VIABLE OPTION TO CONVENTIONALLY BUILT HOMES FOR METROPOLITAN REDEVELOPMENT. ALL INFORMATION GATHERED WILL BE MADE AVAILABLE TO OTHERS TO PROMOTE THE CREATION OF ADDITIONAL AFFORDABLE HOUSING IN URBAN AREAS USING MANUFACTURED HOMES.
MEMBERSHIP SERVICES ARE CURRENTLY PROVIDED TO OVER 3,700 ACTIVE MEMBERS AND OVER 47,000 MEMBERS THROUGHOUT THE LIFE OF THE ASSOCIATIONS. MEMBERSHIP SERVICES INCLUDE PROVISION OF AND ACCESS TO COMMUNITY EVENTS, QUARTERLY NEWSLETTERS AND WEBSITE CONTENT, WHICH PROVIDE EDUCATION ASSOCIATED WITH FINANCING, PURCHASING, MAINTAINING, AND IMPROVING MANUFACTURED HOMES. MEMBERS ALSO HAVE ACCESS TO A REPRESENTATIVE VIA A TOLL-FREE PHONE NUMBER TO ASSIST WITH THE ANSWERING OF QUESTIONS RELATED TO MANUFACTURED HOME OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Noffsinger President | OfficerTrustee | 8 | $31,250 |
Jim Mckelvey Vice President | OfficerTrustee | 1 | $0 |
Lisa Mendoza Treasurer | OfficerTrustee | 0.5 | $0 |
Connie Brewton Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $64,539 |
| Investment income | $724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,925 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,525 |
| Advertising and promotion | $0 |
| Office expenses | $11,686 |
| Information technology | $325 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,981 |
| All other expenses | $2,207 |
| Total functional expenses | $158,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,384 |
| Savings and temporary cash investments | $127,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $352,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,603 |
| Accounts payable and accrued expenses | $1,398 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $444,338 |
| Other liabilities | $0 |
| Total liabilities | $445,736 |
| Net assets without donor restrictions | $70,867 |
| Net assets with donor restrictions | $0 |
| 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 | $516,603 |