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 12/2021, Hbi employed 345 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 12/2021, Hbi generated $43.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $38.8m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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
2021
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
FOR MORE THAN 40 YEARS, HBI HAS BEEN DEVELOPING AND DELIVERING WORKFORCE TRAINING PROGRAMMING TO HELP ADDRESS LABOR SHORTAGES FACING THE NATION'S BUILDING AND REMODELING INDUSTRY. APPROXIMATELY 250 HBI EMPLOYEES DELIVER THESE PROGRAMS THROUGHOUT THE U.S. BASED IN WASHINGTON, D.C., HBI HAS TWICE BEEN THE RECIPIENT OF WASHINGTONIAN MAGAZINE'S "GREAT PLACES TO WORK." HBI OPERATES NUMEROUS TRAINING PROGRAMS THROUGH U.S. DEPARTMENT OF LABOR CONTRACTS AND GRANTS. JOB CORPS IS THE NATION'S OLDEST AND LARGEST FEDERAL RESIDENTIAL EDUCATION AND TRAINING PROGRAM FOR AT-RISK YOUTH. FOR MORE THAN 40 YEARS, HBI HAS TRAINED YOUNG PEOPLE, AGES 16 TO 24 IN EIGHT CONSTRUCTION TRADES AT MORE THAN 70 JOB CORPS CENTERS NATIONWIDE FOR CAREERS IN THE RESIDENTIAL CONSTRUCTION INDUSTRY. HBI HAS A NETWORK OF PLACEMENT COORDINATORS TO ASSIST GRADUATES IN OBTAINING TRADE RELATED EMPLOYMENT. HBI HAS A CONTINUOUS STUDENT POPULATION OF APPROXIMATELY 3,000 THROUGH ITS JOB CORPS OPERATIONS.
HBI'S WORKFORCE TRAINING AND EMPLOYMENT PROGRAM OFFERS PRE-APPRENTICESHIP CERTIFICATION TRAINING PROGRAMS (PACT) WHICH PROVIDES AT-RISK AND UNDERSERVED POPULATIONS SUCH AS YOUTH, VETERANS, EX-OFFENDERS AND DISPLACED WORKERS WITH THE OPPORTUNITY TO LEARN THE BUILDING TRADES THROUGH HANDS-ON EXPERIENCE. HBI IS AVAILABLE TO HELP COMMUNITIES CUSTOMIZE ITS FLEXIBLE NATIONAL SKILLS TRAINING MODEL TO CREATE PROGRAMS THAT BEST MEET THE WORKFORCE NEEDS OF THAT COMMUNITY'S LOCAL CONSTRUCTION BUSINESSES. HBI IS EXPANDING ITS PRESENCE IN THE MILITARY SPACE BY PARTNERING WITH CORPORATIONS TO TRAIN VETERANS WHO ARE SEPARATING FROM THE MILITARY.AT THE CORE OF THIS MODEL IS HBI'S AWARD-WINNING PRE-APPRENTICESHIP CERTIFICATE TRAINING (PACT) CURRICULUM, WHICH IS INDUSTRY-VALIDATED AND ALIGNED WITH THE NATIONAL GREEN BUILDING STANDARD (TM) APPROVED BY THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI). THE HBI PACT CURRICULUM IS ONE OF ONLY THREE U.S. DEPARTMENT OF LABOR (DOL)-APPROVED PRE-APPRENTICESHIP CURRICULA AND IS RECOGNIZED BY THE DOL AS A REGISTERED APPRENTICESHIP INNOVATOR AND TRAILBLAZER.THE HBI PACT CURRICULUM INTEGRATES WORK-BASED LEARNING WITH VOCATIONAL AND ACADEMIC SKILLS TRAINING AND INCLUDES JOB READINESS, EMPLOYABILITY SKILLS, CAREER DEVELOPMENT, LIFE SKILLS AND ON-THE-JOB TRAINING. IT EVALUATES TRADES AND SAFETY SKILLS MASTERY IN THESE COMPETENCIES: CARPENTRY, ELECTRICAL, PLUMBING, LANDSCAPING, FACILITIES MAINTENANCE, GREEN BUILDING AND WEATHERIZATION. HBI PACT IS A UNIQUELY EFFECTIVE TRAINING TOOL BECAUSE THE CURRICULUM IS:--EASILY TAILORED TO TYPICAL BUILDING PROJECTS SUCH AS MODULAR CONSTRUCTION, REMODELING OR NEW CONSTRUCTION FOR LOCAL COMMUNITY GROUPS, HABITAT FOR HUMANITY, COMMUNITY DEVELOPMENT, OTHER NON-PROFIT DEVELOPERS AND PUBLIC HOUSING.--APPROPRIATE FOR USE IN TEACHING SPECIAL POPULATIONS, INCLUDING ACADEMICALLY-CHALLENGED INDIVIDUALS.--CONTEXTUAL LEARNING THAT COVERS THE TRADES PLUS SAFETY, CONSTRUCTION MATH AND TOOLS AND MATERIALS IDENTIFICATION. WHILE IT INCLUDES THE THEORY AND PRACTICE OF BUILDING, HBI PACT RELIES ON THE TIME-HONORED APPRENTICESHIP APPROACH FOR LEARNING CRAFT SKILLS, COMBINING CLASSROOM AND HANDS-ON TRAINING ON THE JOB SITE.--EASILY NAVIGABLE WITH UNITS SEPARATED INTO SECTIONS THAT INCLUDE OVERVIEWS, VOCABULARIES OF TRADE-RELATED TERMS, SUGGESTED ACTIVITIES, SKILLS ACHIEVEMENT RECORDS AND RESOURCE LISTS.--ENHANCED BY SEVERAL ADDITIONAL HBI RESOURCES THAT INSTRUCTORS CAN USE TO ASSESS STUDENT LEARNING NEEDS, TEACH FUNDAMENTAL SKILLS AND CONDUCT LESSON/CLASS ACTIVITIES OR SHARE AS STAND-ALONE EXERCISES. THESE INCLUDE GREEN HOME BUILDING GUIDELINES AND INSTRUCTIONAL VIDEOS; WORKPLACE MATH, LITERACY AND COMMUNICATIONS SUPPLEMENTS; SAFETY BRIEFS; ENTREPRENEURIAL AND PLACEMENT ASSISTANCE; AND ASSESSMENTTOOLS AND TESTS.
HBI PROVIDED ITS AWARD WINNING PACT PROGRAM TO SCHOOLS AT THE PRIMARY AND SECONDARY LEVEL AT LOCATIONS ACROSS THE UNITED STATES. MORE THAN 180 STUDENT CHAPTERS REPRESENTING APPROXIMATELY 5,000 MEMBERS EXIST ON JOB CORPS CAMPUSES, HIGH SCHOOLS, TWO-YEAR COLLEGES AND FOUR-YEAR COLLEGES AND UNIVERSITIES. HBI MANAGES A STUDENT CONSTRUCTION MANAGEMENT COMPETITION AT THE INTERNATIONAL BUILDERS' SHOW (IBS) EACH YEAR. UP TO 2,000 STUDENTS AND FACULTY ATTEND THE IBS TO COMPETE AMONG FELLOW SCHOOLS FOR RECOGNITION AND ACCLAIM IN THESE COMPETITIONS, WHICH ARE JUDGED BY INDUSTRY OFFICIALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Brady President And CEO | Officer | 40 | $427,205 |
Faye Nock Sr. VP Human Resources | Officer | 40 | $245,034 |
Tadar Muhammad VP Workforce Development | Officer | 40 | $223,412 |
Pamela Taylor Avp Fin./controller | 40 | $194,483 | |
Gregg Romano VP Job Corps | Officer | 40 | $193,940 |
Jeremy Albritton Sr VP & Cfo, Treasurer | Officer | 40 | $184,833 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hartman Executive It Consulting | 12/30/21 | $111,000 |
Highwood Capital Consulting | 12/30/21 | $110,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $36,735,772 |
All other contributions, gifts, grants, and similar amounts not included above | $6,495,741 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $43,231,513 |
Total Program Service Revenue | $0 |
Investment income | $20,905 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $25,341 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $43,277,759 |
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. | $1,756,426 |
Compensation of current officers, directors, key employees. | $181,896 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,552,401 |
Pension plan accruals and contributions | $1,267,723 |
Other employee benefits | $3,719,377 |
Payroll taxes | $1,539,295 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $110,000 |
Fees for services: Investment Management | $8,747 |
Fees for services: Other | $1,371,450 |
Advertising and promotion | $0 |
Office expenses | $1,069,640 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,385,276 |
Travel | $1,014,048 |
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 | $0 |
Insurance | $0 |
All other expenses | $110,423 |
Total functional expenses | $38,814,570 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,760,211 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,412,377 |
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 | $672,564 |
Net Land, buildings, and equipment | $64,650 |
Investments—publicly traded securities | $1,232,443 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $13,142,245 |
Accounts payable and accrued expenses | $4,064,519 |
Grants payable | $0 |
Deferred revenue | $2,802,708 |
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 | $442,985 |
Total liabilities | $7,310,212 |
Net assets without donor restrictions | $5,600,650 |
Net assets with donor restrictions | $231,383 |
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 | $13,142,245 |
Over the last fiscal year, we have identified 9 grants that Home Builders Institute has recieved totaling $8,896,961.
Awarding Organization | Amount |
---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $7,324,400 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $550,000 |
The Seminar Network Inc Arlington, VA PURPOSE: General Operating Support | $430,000 |
Citi Foundation New York, NY PURPOSE: HBI ENTREPRENEURSHIP CURRICULUM & TRANSITION ASSISTANCE PROGRAM | $250,000 |
National Housing Endowment A Nonprofit Corporation Washington, DC PURPOSE: EDUCATION & TRAINING | $142,500 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $125,000 |
Organization Name | Assets | Revenue |
---|---|---|
Home Builders Institute Washington, DC | $13,142,245 | $43,277,759 |
National Electrical Contractors Association Inc Washington, DC | $44,117,861 | $37,605,708 |
Electrical Training Alliance Bowie, MD | $46,161,520 | $37,934,095 |
International Union Of Operating Engineers National Training Fund Washington, DC | $30,318,039 | $21,521,073 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Iupat Finishing Trades Institute Hanover, MD | $16,339,084 | $7,845,156 |
Atu Training And Education Center Inc Silver Spring, MD | $35,739,590 | $712,662 |
National Ironworkers And Employers Apprenticeship Training And Journe Washington, DC | $5,084,760 | $5,454,323 |
Plumbers And Pipefitters Apprenticeship Fund Camp Springs, MD | $18,995,820 | $3,971,201 |