Home Builders Association Of Fargo- Moorhead
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $612.8k
- Employees
- 10
- Location
- Fargo, ND
- Founding
- 10/1965
- Data as of
- 12/2023
- EIN
- 45-0275981
Organization Overview
Home Builders Association Of Fargo- Moorhead is located in Fargo, ND. The organization was established in 1965. 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 12/2023, Home Builders Association Of Fargo- Moorhead employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Fargo- Moorhead 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 12/2023, Home Builders Association Of Fargo- Moorhead generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE A STRONG COMMUNITY BY BEING THE MEANINGFUL RESOURCE AT THE FOREFRONT OF HOMEOWNERSHIP AND PROFESSIONAL DEVELOPMENT TO FOSTER A PROSPEROUS BUILDING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME & GARDEN SHOW AND PARADE OF HOMES WERE CREATED TO PROMOTE THE HOUSING AND BUILDING INDUSTRIES AND, SPECIFICALLY, BIA-RRV'S MEMBERS, TO AREA CONSUMERS. THE RED RIVER VALLEY HOME & GARDEN SHOW OFFERS A ONE-STOP-SHOP ENVIRONMENT FOR CONSUMERS LOOKING TO BUILD OR REMODEL THEIR HOMES OR JUST SEE WHAT'S NEW IN HOME DESIGN, WHILE ALSO PROMOTING THE HOUSING BUILDING INDUSTRIES TO THE PUBLIC. THE BIA-RRV HAS STRIVED TOMAKE THE SHOW 'FUN FOR THE WHOLE FAMILY' TO MAKE IT AN EVENT THE WHOLE FAMILY ENJOYS WITH ACTIVITIES FOR KIDS WHILE PARENTS SHOP AND TALK TO EXHIBITORS.THE PARADE OF HOMES IS A UNIQUE EVENT THAT ALLOWS CONSUMERS TO SEE FIRST-HAND THE PRODUCTS OF OUR BUILDER AND REMODELER MEMBERS AND TALK TO THEM IN A LOW-PRESSURE ATMOSPHERE.THE GOLF OUTINGS PROVIDE MEMBERS WITH AN OPPORTUNITY TO HAVE SOME FUN AND NETWORK WITH THEIR FELLOW MEMBERS TO FURTHER THEIR BUSINESS CONNECTIONS. MANY MEMBERS HAVE PRODUCTS AND SERVICES THAT ARE USED BY OTHER MEMBERS AND THIS IS A GREAT OPPORTUNITY TO TALK WITH THOSE MEMBERS IN A SOCIAL ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Spaeth Director | Trustee | 0.5 | $0 |
Tyrone Leslie Director | Trustee | 0.5 | $0 |
Eric Miller Director | Trustee | 0.5 | $0 |
Jason Eid Director | Trustee | 0.5 | $0 |
Elana Charlton Director (resigned 11/2023) | Trustee | 0.5 | $0 |
David Reid President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,049 |
| Total Program Service Revenue | $929,807 |
| Investment income | $16,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,600 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,518,231 |
| 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. | $168,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,189 |
| Pension plan accruals and contributions | $17,124 |
| Other employee benefits | $60,775 |
| Payroll taxes | $47,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,505 |
| Fees for services: Accounting | $14,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $37,135 |
| Office expenses | $8,836 |
| Information technology | $51,932 |
| Royalties | $0 |
| Occupancy | $44,920 |
| Travel | $38,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,428 |
| Interest | $524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,937 |
| Insurance | $12,779 |
| All other expenses | $38,879 |
| Total functional expenses | $1,427,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,214 |
| Savings and temporary cash investments | $99,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,940 |
| 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 | $23,743 |
| Net Land, buildings, and equipment | $584,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $612,780 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,940 |
| Total assets | $1,663,824 |
| Accounts payable and accrued expenses | $60,741 |
| Grants payable | $0 |
| Deferred revenue | $564,707 |
| 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 | $39,743 |
| Total liabilities | $665,191 |
| Net assets without donor restrictions | $998,633 |
| 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 | $1,663,824 |