Builders Association Of South Florida Inc
- Assets
- $260.4k
- Revenue
- $417.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami Gardens, FL
- Founding
- Data as of
- 12/2022
- EIN
- 35-2436848
Organization Overview
Builders Association Of South Florida Inc, operating under the name (Formerly Florida Atlantic Building Association), is located in Miami Gardens, FL. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, (Formerly Florida Atlantic Building Association) employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. (Formerly Florida Atlantic Building Association) 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 12/2022, (Formerly Florida Atlantic Building Association) generated $417.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $387.4k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, PRESERVE, AND MAINTAIN A FAVORABLE ENVIRONMENT IN WHICH THE BUILDING INDUSTRY CAN PROSPER IN FLORIDA BY MAINTAINING HIGH STANDARDS IN BUILDING THROUGH SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES THE BUILDERS' ASSOCIATION OF SOUTH FLORIDA HAS BECOME THE PREMIER ASSOCIATION REPRESENTING THE HOMEBUILDING INDUSTRY IN SOUTH FLORIDA PROVIDING A PLATFORM FOR SINGLE FAMILY, MULTIFAMILY, AND HIGH RISE RESIDENTIAL BUILDERS AND DEVELOPERS AND THOSE THAT SUPPORT THEM FOR COMMUNICATIONS, KNOWLEDGE TRANSFER, EDUCATION AND SHOWCASING THEIR PRODUCTS. DUES FUND IN EXCESS OF 90% OF THE ORGANIZATION'S EXPENSES & ACTIVITIES. $354,761 OF OUR REVENUES WERE FROM MEMBERSHIP DUES,
CONVERSATIONS WITH NATIONAL LEADERS THIS WAS THE SECOND INSTALLMENT OF THIS PROGRAM FOCUSED ON NAVIGATING THE HOUSING AFFORDABILIY CRISIS. THESE PROGRAMS BRING TOGETHER FEDERAL, STATE, AND LOCAL LEADERS TO DISCUSS ISSUES RELEVANT TO OUR INDUSTRY AND OUR COMMUNITIES. THIS SESSION WAS PRESENTED ON JUNE 2, 2022. THIS HAS BECOME ONE OF OUR MOST POPULAR EVENTS FOR MEMBERS PROVIDING THEM WITH KNOWLEGE CRITICAL TO THEIR BUSINESS OPERATIONS. LEADERS. REVENUES WERE FROM SPONSORING MEMBERS.
HOLIDAY EVENT THIS EVENT WAS A COMBINATION OF A SPECIAL BASF AWARDS CEREMONY (TO RECOGNIZE OUTSTANDING ACCOMPLISHMENTS OF SOME OF OUR MEMBERS, INDUSTRY LEADERS, AND GOVERNMENT OFFICIALS) AND A HOLIDAY PARTY FOR OUR MEMBERS. THE MOST SIGNIFICANT OBJECTIVE OF THIS EVENT WAS BRINGING OUR MEMBERS TOGETHER TO RECOGNIZE THEIR SPECIAL ACCOMPLISMENTS AND TO PROVIDE AN INDUSTRY FOCUSED FORMAT FOR NETWORKING. INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Solomon Chairman/exec Comm | Trustee | 10 | $0 |
Joe Goldstein Director | Trustee | 1 | $0 |
Deborah Reyes Director/exec Comm | Trustee | 1 | $0 |
Jose Gonzalez Director/president | OfficerTrustee | 15 | $0 |
Carolina Herrera Director/past President | OfficerTrustee | 5 | $0 |
Jim Werle Director/sec- Treas | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $354,761 |
| 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 | $354,761 |
| Total Program Service Revenue | $63,106 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,867 |
| 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. | $168,184 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,956 |
| Office expenses | $0 |
| Information technology | $7,163 |
| Royalties | $0 |
| Occupancy | $12,232 |
| Travel | $3,259 |
| 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 | $0 |
| Insurance | $2,782 |
| All other expenses | $16,313 |
| Total functional expenses | $387,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,845 |
| 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 | $1,352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,844 |
| Total assets | $260,394 |
| Accounts payable and accrued expenses | $3,422 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,422 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $226,499 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $30,473 |
| Total liabilities and net assets/fund balances | $260,394 |