Home Builders Institute
- Assets
- $18.5m
- Revenue
- $46.8m
- Investments
- $0.0
- Employees
- 389
- Location
- Washington, DC
- Founding
- 03/1984
- Data as of
- 12/2023
- EIN
- 52-1266885
Organization Overview
Home Builders Institute, operating under the name Hbi, is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Hbi employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hbi is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hbi generated $46.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $45.1m during the year ending 12/2023. While expenses have increased by 6.8% 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
HBI EDUCATES AND PREPARES INDIVIDUALS FOR CAREERS IN THE BUILDING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB CORPSUNDER A FEDERAL AWARD WITH THE U.S. DEPARTMENT OF LABOR, HBI PROVIDES AT-RISK YOUTH WITH REAL-LIFE, HANDS-ON VOCATIONAL TRAINING THROUGH THE JOB CORPS PROGRAM.
OTHER PROGRAMS
WORKFORCE TRAINING & EMPLOYMENTHBI PROVIDES VOCATIONAL INSTRUCTION THROUGH A VARIETY OF OTHER PROGRAMS AND EMPOWERS DIVERSE STUDENTS INCLUDING:- MILITARY PROGRAMS: FUNDED BY THE HOME DEPOT FOUNDATION, HBI SERVES TRANSITIONING SERVICE MEMBERS ON OR NEAR 10 MILITARY INSTALLATIONS- COMMUNITY & CORRECTIONS: LOCAL PARTNERSHIPS AND TRAINING FOR JUSTICE-INVOLVED INDIVIDUALS, VETERANS AND THEIR FAMILIES- BUILDSTRONG ACADEMIES: OPEN TO THE PUBLIC AND FREE TO ALL STUDENTS, HBI OPENED ITS FIRST BUILDSTRONG ACADEMY IN ORLANDO IN 2021, AND HAS FIVE ACADEMIES TOTAL AS OF 12/31/23
FUTURE BUILDERS OF AMERICA HBI LICENSES ITS PROPRIETARY PRE-APPRENTICESHIP CURRICULUM TO SCHOOLS AND OTHER INSTITUTIONS AROUND THE COUNTRY. THIS CURRICULUM PROVIDES A FRAMEWORK AND TOOLKIT FOR TEACHING RESIDENTIAL CONSTRUCTION SKILLS FOR ALL TYPES OF LEARNERS. DURING THE YEAR ENDED 2022, HBI HAD 23,766 ACTIVE STUDENTS ACROSS ALL PROGRAMMING AND ISSUED 10,792 PRE-APPRENTICESHIP CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Patenaude Chair | OfficerTrustee | 0.3 | $0 |
Kristen Amundson Trustee (thru 02/23) | Trustee | 0.3 | $0 |
Chuck Baker Trustee | Trustee | 0.3 | $0 |
Carin Marcy Barth Trustee | Trustee | 0.3 | $0 |
Alfonso Costa Jr Trustee | Trustee | 0.3 | $0 |
Erin Deweese Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Viaedtechnologies Llc Dba Mynddset Professional Services | 12/30/23 | $311,250 |
Grandmasters Llc Professional Services | 12/30/23 | $127,151 |
Highwood Capital Professional Services | 12/30/23 | $121,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,765,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,629,272 |
| Noncash contributions included in lines 1a–1f | $300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,394,344 |
| Total Program Service Revenue | $0 |
| Investment income | $216,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,773,699 |
| 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. | $2,210,879 |
| Compensation of current officers, directors, key employees. | $250,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,429,581 |
| Pension plan accruals and contributions | $1,424,154 |
| Other employee benefits | $4,967,625 |
| Payroll taxes | $1,517,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,264 |
| Fees for services: Accounting | $135,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $121,000 |
| Fees for services: Investment Management | $17,496 |
| Fees for services: Other | $1,760,263 |
| Advertising and promotion | $6,265 |
| Office expenses | $1,343,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,224,980 |
| Travel | $2,347,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,056 |
| Insurance | $221,339 |
| All other expenses | $0 |
| Total functional expenses | $45,132,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,140,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,961,156 |
| 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 | $323,524 |
| Net Land, buildings, and equipment | $246,762 |
| Investments—publicly traded securities | $1,142,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,667,280 |
| Total assets | $18,481,333 |
| Accounts payable and accrued expenses | $3,996,962 |
| Grants payable | $0 |
| Deferred revenue | $2,394,781 |
| 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 | $3,048,084 |
| Total liabilities | $9,439,827 |
| Net assets without donor restrictions | $7,237,226 |
| Net assets with donor restrictions | $1,804,280 |
| 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 | $18,481,333 |