Home Builders Association Of Michigan
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Lansing, MI
- Founding
- 04/1950
- Data as of
- 12/2022
- EIN
- 38-1317052
Organization Overview
Home Builders Association Of Michigan is located in Lansing, MI. The organization was established in 1950. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Home Builders Association Of Michigan employed 6 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Home Builders Association Of Michigan 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, Home Builders Association Of Michigan generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.9% 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
A VOICE OF THE BUILDING INDUSTRY IN MICHIGAN. THE PRIMARY PURPOSE IS TO POSITIVELY INFLUENCE THE LEGISLATIVE, REGULATORY AND LEGAL ISSUES THAT AFFECT THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HBAM IS COMPRISED OF SEVERAL LOCAL HOME BUILDER ASSOCIATIONS AROUND THE STATE OF MICHIGAN AND THEIR BUILDER/ASSOCIATE MEMBERS. IT WORKS POSITIVELY TO PROMOTE THE BUILDING INDUSTRY AND IMPACT LEGISLATIVE, REGULATORY AND LEGAL ISSUES AFFECTING HOUSING AFFORDABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Kligman Vice President | OfficerTrustee | 1 | $0 |
Robert Filka CEO | Officer | 40 | $173,775 |
Rick Bailey Director | Trustee | 1 | $0 |
Benjamin Templeton Director | Trustee | 1 | $0 |
Carole Jones Director | Trustee | 1 | $0 |
Lynn Pratt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $478,358 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,644 |
| Total Program Service Revenue | $89,125 |
| Investment income | $9,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $409,030 |
| Net Rental Income | $20,164 |
| Net Gain/Loss on Asset Sales | $13,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,146 |
| 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. | $173,775 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,092 |
| Pension plan accruals and contributions | $17,554 |
| Other employee benefits | $41,923 |
| Payroll taxes | $31,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,502 |
| Fees for services: Accounting | $16,379 |
| 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 | $5,399 |
| Information technology | $0 |
| Royalties | $65,752 |
| Occupancy | $22,961 |
| Travel | $30,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,297 |
| Interest | $4,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,568 |
| Insurance | $7,247 |
| All other expenses | $74,840 |
| Total functional expenses | $1,152,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,971 |
| Savings and temporary cash investments | $37,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,029 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,380 |
| Net Land, buildings, and equipment | $462,897 |
| Investments—publicly traded securities | $160,531 |
| Investments—other securities | $0 |
| Investments—program-related | $300 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192,631 |
| Accounts payable and accrued expenses | $54,233 |
| Grants payable | $0 |
| Deferred revenue | $7,505 |
| 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 | $125,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $188,738 |
| Net assets without donor restrictions | $1,003,893 |
| 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 | $1,192,631 |