The Home Builders Association Of Portage And Summit Counties
- Assets
- $1.4m
- Revenue
- $399.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Akron, OH
- Founding
- 03/1979
- Data as of
- 12/2021
- EIN
- 34-0861325
Organization Overview
The Home Builders Association Of Portage And Summit Counties is located in Akron, OH. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Home Builders Association Of Portage And Summit Counties employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Portage And Summit Counties 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 Association Of Portage And Summit Counties generated $399.7k 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 (5.4%) each year. All expenses for the organization totaled $408.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) 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
TO MAKE A COLLECTIVE HOME BUILDING INDUSTRY CONTRIBUTION TO THOSE EFFORTS AND MOVEMENTS WHICH ARE DESIGNED AND PROMOTED TO IMPROVE THE SOCIAL, POLITICAL AND ECONOMIC WELFARE OF THE STATE AND NATION; AND TO DEVELOP AND MAINTAIN WITHIN THE HOME BUILDING INDUSTRY A HIGH APPRECIATION OF THE OBLIGATIONS AND RESPONSIBILITIES OF THE BUILDER, AND TO ENCOURAGE THE CONSISTENT ACCEPTANCE AND APPLICATION OF PRACTICES WHICH WILL WIN MERITED AND UNQUALIFIED PUBLIC CONFIDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS, AWARDS, BANQUETS, ASSEMBLIES, AND MEETINGS WITH RESIDENTIAL BUILDERS AND REMODELING CONTRACTORS.
GREATER AKRON HOME SHOWCASE MEMBERS TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Howerton Executive VP | Officer | 40 | $72,115 |
Dan Enos Past Preside | OfficerTrustee | 1 | $0 |
Cassie Testa Vice Preside | OfficerTrustee | 1 | $0 |
Darren Shultz President | OfficerTrustee | 1 | $0 |
Mark Verdova Secretary/tr | OfficerTrustee | 1 | $0 |
Melissa Beasley Trustee | Trustee | 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 | $296,040 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,333 |
| Net Gain/Loss on Asset Sales | -$44,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,728 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,891 |
| Pension plan accruals and contributions | $1,335 |
| Other employee benefits | $0 |
| Payroll taxes | $7,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $3,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197 |
| Advertising and promotion | $0 |
| Office expenses | $4,286 |
| Information technology | $10,452 |
| Royalties | $0 |
| Occupancy | $3,110 |
| Travel | $1,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $719 |
| Interest | $2,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,596 |
| Insurance | $4,663 |
| All other expenses | $63,430 |
| Total functional expenses | $408,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,384 |
| Savings and temporary cash investments | $122,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,973 |
| 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 | $823,091 |
| Investments—publicly traded securities | $131,818 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,119 |
| Total assets | $1,371,048 |
| Accounts payable and accrued expenses | $37,784 |
| 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 | $219,121 |
| Unsecured mortgages and notes payable | $23,927 |
| Other liabilities | $0 |
| Total liabilities | $280,832 |
| Net assets without donor restrictions | $1,090,216 |
| 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 | $1,371,048 |
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