Northern Virginia Building Industry Association Inc
- Assets
- $1.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Chantilly, VA
- Founding
- Data as of
- 12/2023
- EIN
- 54-0604153
Organization Overview
Northern Virginia Building Industry Association Inc is located in Chantilly, VA. As of 12/2023, Northern Virginia Building Industry Association Inc employed 11 individuals. Northern Virginia Building Industry Association Inc 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, Northern Virginia Building Industry Association Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Northern Virginia Building Industry Association Inc has awarded 26 individual grants totaling $887,788. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTHERN VIRGINIA BUILDING INDUSTRY ASSOCIATION (NVBIA) SERVES THE HOUSING INDUSTRY THROUGH NETWORKING OPPORTUNITIES, EDUCATION AND EFFECTIVE REPRESENTATIONS AT ALL LEVELS OF GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NVBIA PROMOTES PROFESSIONAL DEVELOPMENT AND RECOGNITION THROUGH SEMINARS, WORKSHOPS, AND AWARD PROGRAMS. NVBIA ALSO PROVIDES NETWORKING OPPORTUNITIES AT FORMAL AND INFORMAL SESSIONS TO EXCHANGE IDEAS AND CREATE OPPORTUNITIES TO DO MORE BUSINESS.
THE ASSOCIATION RECEIVES PUBLICATION REVENUE RELATED TO ITS MEMBERSHIP DIRECTORY.
NVBIA'S PRIMARY MISSION TO THE REGIONAL BUILDING INDUSTRY IS TO FOCUS ON PROTECTING ITS MEMBERS' BUSINESS INTERESTS THROUGH EFFECTIVE LEGISLATIVE INITIATIVES, NETWORKING, AND POLITICAL ADVOCACY ON ALL LEVELS OF GOVERNMENT.
THE ASSOCIATION RECEIVES INCOME FROM MANAGING THE HOMEAID OF NORTHERN VIRGINIA (HANV). NVBIA IS COMMITTED TO GIVING BACK, HELPING THE HOMELESS AND VULNERABLE IN NORTHERN VIRGINIA THROUGH OUR ASSOCIATION WITH HOMEAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Rosenstein CEO | OfficerTrustee | 37.5 | $180,076 |
Jason Crismon Immediate Past President | OfficerTrustee | 1 | $0 |
Gary Scola President | OfficerTrustee | 1 | $0 |
Charlie Schulz Treasurer | OfficerTrustee | 1 | $0 |
Stefanie Smith First Vice President | OfficerTrustee | 1 | $0 |
Tim Hughes General Counsel | OfficerTrustee | 1 | $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 | $2,500 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $1,397,954 |
| Investment income | $32,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,270 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,442,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,815 |
| 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. | $180,076 |
| Compensation of current officers, directors, key employees. | $39,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,638 |
| Payroll taxes | $30,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,436 |
| Advertising and promotion | $588 |
| Office expenses | $12,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,381 |
| All other expenses | $15,764 |
| Total functional expenses | $1,315,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,824 |
| Savings and temporary cash investments | $609,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470 |
| 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 | $5,598 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,825 |
| Total assets | $1,748,476 |
| Accounts payable and accrued expenses | $40,965 |
| Grants payable | $0 |
| Deferred revenue | $377,506 |
| 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 | $146,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $337,517 |
| Total liabilities | $902,408 |
| Net assets without donor restrictions | $846,068 |
| 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 | $1,748,476 |
Grants Awarded
Over the last fiscal year, Northern Virginia Building Industry Association Inc has awarded $73,062 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING TRUST FUND OF NORTHERN VIRGINIA INC (DBA HOMEAID NORTHERN VA) PURPOSE: GENERAL | $22,750 |
NOVA BUILD PAC PURPOSE: GENERAL | $50,312 |