Home Builders Association
- Assets
- $387.3k
- Revenue
- $599.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Kalamazoo, MI
- Founding
- 04/1949
- Data as of
- 12/2022
- EIN
- 38-1328661
Organization Overview
Home Builders Association is located in Kalamazoo, MI. The organization was established in 1949. 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 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders 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, Home Builders Association generated $599.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $595.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN EXISTS SO THAT MEMBERS OF THE RESIDENTIAL CONSTRUCTION INDUSTRY CAN CONDUCT THEIR BUSINESS ETHICALLY AND EFFICIENTLY TO PROVIDE OUR COMMUNITIES WITH SAFE, QUALITY, AFFORDABLE HOUSING, AND TO PROMOTE HOME OWNERSHIP. FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES THE HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN'S MISSION IS TO SUPPORT THE MEMBERS OF THE ASSOCIATION AND REPRESENT THE RESIDENTIAL CONSTRUCTION AND REMODELING INDUSTRY IN OUR TERRITORY (COUNTIES OF KALAMAZOO, CALHOUN, VAN BUREN, BRANCH, ST. JOSEPH, BARRY AND THE EASTERN HALF OF ALLEGAN). THE ASSOCIATION PROMOTES QUALITY AND PROFESSIONALISM IN RESIDENTIAL NEW CONSTRUCTION AND REMODELING. WE CONNECT THE COMMUNITY WITH MEMBER BUSINESSES THEY CAN TRUST AS HBA MEMBERS MUST BE APPROPRIATELY LICENSED AND INSURED AND VOLUNTARILY DO BUSINESS FOLLOWING THE ASSOCIATIONS STRICT CODE OF ETHICS. WE ADVOCATE ON BEHALF OF OUR MEMBERS AND HOMEOWNERS BY ADVOCATING FOR POLICIE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL HOME AND GARDEN EXPO IS THE PREMIER OPPORTUNITY FOR THE COMMUNITY TO CONNECT WITH THE MEMBERS OF THE HBA. THE EXPO SHOWCASES THE NEWEST BUILDING AND REMODELING TRENDS, SUSTAINABLE AND GREEN PRACTICES, HOME AND GARDEN PRODUCTS, PROVIDES ATTENDEES WITH OPPORTUNITIES AND IDEAS TO IMPROVE THEIR HOME - ALL TO HELP HOMEOWNERS BETTER MAINTAIN WHAT IS TYPICALLY A FAMILY'S MOST VALUABLE PHYSICAL ASSET. EDUCATIONAL SESSIONS AND SEMINARS ARE OFFERED ON TOPICS OF INTEREST RELATED TO HOMEOWNERSHIP.
THE ANNUAL PARADE OF HOMES GIVES AREA RESIDENTS THE OPPORTUNITY TO TOUR NEW AND REMODELED HOMES DEMONSTRATING THE LATEST IN NEW HOME CONSTRUCTION AND REMODELING. FEATURING CUTTING EDGE INTERIOR DESIGN, ENERGY EFFICIENCY, CONSTRUCTION PRACTICES, TECHNOLOGY, LANDSCAPING AND ARCHITECTURE, THE PARADE INSTILLS A PASSION TO KEEP OUR COMMUNITIES NOT ONLY LOOKING GREAT BUT RUNNING EFFICIENTLY AND AFFORDABLY. WE SUPPORT COMMUNITY SERVICE GROUPS BY GIVING THEM THE OPPORTUNITY TO STAFF A PARADE HOME WHERE THE SERVICE GROUP CAN INFORM PARADE ATTENDEES ON HOW THEIR ORGANIZATION MAKES WESTERN MICHIGAN A BETTER PLACE TO LIVE.
MEMBER DEVELOPMENT AND SUPPORT IS KEY TO HELPING MEMBER ORGANIZATIONS GROW AND IMPROVE CONSTRUCTION AND REMODELING PRACTICES FOR HOMEOWNERS THROUGHOUT WESTERN MICHIGAN. EDUCATIONAL OFFERINGS, INCLUDING THE REQUIRED MICHIGAN 60-HOUR LICENSE PREP COURSE AND CONTINUING EDUCATION IMPORTANT TO ENSURE HBA MEMBERS ARE AHEAD OF THE CURVE ON IMPORTANT SAFETY, DESIGN, SUSTAINABILITY, REGULATORY, LEGISLATIVE AND CONSTRUCTION ISSUES IMPACTING HOMEOWNERSHIP. FOR EXAMPLE, GUIDE FAMILIES WHEN DESIGNING FOR LOVED ONES TO 'AGE IN PLACE', OR THE LATEST ENERGY EFFICIENT SUSTAINABLE BUILDING PRACTICES. BEYOND MEMBER EDUCATION, THE HBA COLLABORATES WITH OTHER ENTITIES FOR NEW ATTAINABLE HOME CONSTRUCTION IN AREAS WHERE NEW CONSTRUCTION IS OTHERWISE ECONOMICALLY IMPOSSIBLE. THE HBA PROVIDES RESOURCES FOR LICENSING MINORITY CONTRACTORS IN UNDERSERVED NEIGHBORHOODS. THE HBA ALSO SUPPORTS OPPORTUNITIES FOR MEMBER-TO-MEMBER MENTORING, SCHOLARSHIPS, WORKFORCE DEVELOPMENT AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Hovestadt President/ce | OfficerTrustee | 40 | $82,630 |
Steve Roberts President | OfficerTrustee | $0 | |
Kevin Osborne Vice Preside | OfficerTrustee | $0 | |
Sera Gesmundo Treasurer | OfficerTrustee | $0 | |
Scott Deloof Secretary | OfficerTrustee | $0 | |
Luke Albrecht Asst Vice Pr | OfficerTrustee | $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 | $550,556 |
| Investment income | $655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,046 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,961 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,416 |
| 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. | $82,630 |
| Compensation of current officers, directors, key employees. | $16,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,293 |
| Pension plan accruals and contributions | $6,031 |
| Other employee benefits | $8,243 |
| Payroll taxes | $18,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $615 |
| Fees for services: Accounting | $615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,678 |
| Advertising and promotion | $53,928 |
| Office expenses | $18,987 |
| Information technology | $24,109 |
| Royalties | $0 |
| Occupancy | $4,745 |
| Travel | $4,490 |
| 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 | $95,802 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,545 |
| All other expenses | $39,655 |
| Total functional expenses | $595,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,087 |
| Savings and temporary cash investments | $132,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,103 |
| 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 | $6,703 |
| Net Land, buildings, and equipment | $138,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $387,339 |
| Accounts payable and accrued expenses | $595 |
| Grants payable | $0 |
| Deferred revenue | $103,582 |
| 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 | $7,082 |
| Total liabilities | $111,259 |
| Net assets without donor restrictions | $276,080 |
| 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 | $387,339 |