Homebuilders Association Of The Holland Area Inc
- Assets
- $472.0k
- Revenue
- $413.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Holland, MI
- Founding
- 09/1979
- Data as of
- 12/2022
- EIN
- 38-1951966
Organization Overview
Homebuilders Association Of The Holland Area Inc, operating under the name Lakeshore Home Builders Association, is located in Holland, MI. The organization was established in 1979. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lakeshore Home Builders Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore 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, Lakeshore Home Builders Association generated $413.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $388.0k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
TO FOSTER AN ECONOMIC AND SOCIAL CLIMATE THAT SIMTULATES THE PLANNING, CONSTRUCTION, REMODELING, AND MARKETING OF QUALITY, AFFORDABLE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE ORGANIZATION IS TO FOSTER AN ECONOMIC AND SOCIAL CLIMATE THAT STIMULATES THE PLANNING, CONSTRUCTION, REMODELING, AND MARKETING OF QUALITY, AFFORDABLE, ENERGY EFFICIENT HOMES. THE ORGANIZATION MAINTAINED 315 MEMBERS FOR THE YEAR INCLUDING LOCAL BUILDERS, CONTRACTORS AND OTHER BUSINESSES AND INDIVIDUALS RELATED TO THE BUILDING TRADES. THE ORGANIZATION ACTS AS AN ADVOCATE FOR THE LOCAL BUILDING TRADES BY NETWORKING WITH POLITICAL AND SOCIAL LEADERS. THE ORGANIZATION ALSO ORGANIZES AN ANNUAL PARADE OF HOMES, WHERE MEMBER ORGANIZATIONS CAN SHOW HOMES FOR SALE AND DISPLAY THEIR CRAFTMANSHIP. THE PARADE OF HOMES INCLUDED 30 SITES IN THE WEST MICHIGAN AREA IN 2021. THE ORGANIZATION PRODUCED A PARADE OF HOMES ADVERTISING DIRECTORY IN ORDER TO PROMOTE THE EVENT AND THE LOCATIONS ON THE PARADE. THE ORGANIZATION ALSO RUNS THE LAKESHORE HOME BUILDING AND REMODELING SHOW, WHICH FEATURED THE LATEST NEWS AND TIPS IN HOME BUILDING AND REMODELING, ATTEND SEMINARS, AND SHOWCASED CAREERS IN CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Swierenga President | OfficerTrustee | 0.25 | $0 |
Justin Schutmaat Vice Preside | OfficerTrustee | 0.25 | $0 |
Matt Bakker Treasurer | OfficerTrustee | 0.25 | $0 |
Ryan Spencer Secretary | OfficerTrustee | 0.25 | $0 |
Richard Rottschafer Director | Trustee | 0.25 | $0 |
Mike Bosgraaf Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $205,740 |
| 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 | $205,740 |
| Total Program Service Revenue | $151,733 |
| Investment income | $590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,839 |
| 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. | $78,109 |
| Compensation of current officers, directors, key employees. | $11,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,143 |
| Pension plan accruals and contributions | $2,105 |
| Other employee benefits | $670 |
| Payroll taxes | $9,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,437 |
| Advertising and promotion | $28,986 |
| Office expenses | $20,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,758 |
| Travel | $5,062 |
| 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 | $10,674 |
| Insurance | $3,298 |
| All other expenses | $27,903 |
| Total functional expenses | $388,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,124 |
| Savings and temporary cash investments | $0 |
| 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 | $44,229 |
| Net Land, buildings, and equipment | $153,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $471,988 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $170,560 |
| 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 | $1,124 |
| Total liabilities | $171,684 |
| Net assets without donor restrictions | $300,304 |
| 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 | $471,988 |