Home Builders Association Of Charlotte Inc
- Assets
- $814.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 05/1957
- Data as of
- 12/2023
- EIN
- 56-0583661
Organization Overview
Home Builders Association Of Charlotte Inc is located in Charlotte, NC. The organization was established in 1957. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Home Builders Association Of Charlotte Inc employed 4 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Home Builders Association Of Charlotte 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, Home Builders Association Of Charlotte Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A TRADE ASSOCIATION FOR THE REAL ESTATE CONSTRUCTION INDUSTRY BY PROMOTING FELLOWSHIP, ENCOURAGING QUALITY OF CONSTRUCTION AND ETHICAL BUSINESS RELATIONSHIPS AMONG THE MEMBERS OF THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE OF THE PARADE OF HOMES IS TO PROMOTE NEW HOMES, THE RESIDENTIAL INDUSTRY, NEW HOME TECHNOLOGY, PARTICIPATING BUILDERS AND AFFILIATED TRADE PARTNERS TO POTENTIAL NEW HOME BUYERS. IN 2023, THE EVENT DATES WERE OCTOBER 14,15,21,AND 22.
TRADESHOWS, MEETINGS, EDUCATION AND OTHER PROGRAMS ARE SPONSORED FOR THE PURPOSE OF CREATING INTEREST IN HOUSING AND TO PRESENT AND EDUCATE THE TRADE AND PUBLIC OF CURRENT BUILDING METHODS, MATERIALS AND RELATED PRODUCTS.
MAME AWARDS ARE PRESENTED ANNUALLY IN RECOGNITION OF SALES, MARKETING, DESIGN AND BUILDING EXCELLENCE IN NEW HOME CONSTRUCTION. THESE PRESTIGIOUS AWARDS ARE GIVEN TO BUILDERS, DEVELOPERS, REMODELERS, SALES AGENTS AND ASSOCIATIONS WHO HAVE MADE A SIGNIFICANT AND CREATIVE CONTRIBUTION IN RESIDENTIAL MARKETING THROUGH SPECIFIC ACHIEVEMENTS DURING THE YEAR.
MEETINGS AND OTHER PROGRAMS ARE SPONSORED FOR THE PURPOSE EDUCATING THE MEMBERS ABOUT CURRENT BUILDING METHODS, MATERIALS AND RELATED PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Butler Executive Of | 40 | $153,500 | |
Ken Bernardo Associate Di | Trustee | 1 | $0 |
Chris Boone Builder Dire | Trustee | 1 | $0 |
Damon Cortez Associate Di | Trustee | 1 | $0 |
Lisa Cortez Chair - Pwb | Trustee | 1 | $0 |
Andi Dirkschneider Builder Dire | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $782,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,430 |
| Total Program Service Revenue | $348,711 |
| Investment income | $11,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,727 |
| 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 | $1,162,539 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,027 |
| Payroll taxes | $23,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,516 |
| Travel | $16,839 |
| 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 | $4,116 |
| Insurance | $7,531 |
| All other expenses | $229,557 |
| Total functional expenses | $1,151,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,218 |
| Savings and temporary cash investments | $506,226 |
| 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 | $26,908 |
| Net Land, buildings, and equipment | $784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,695 |
| Total assets | $814,831 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $54,012 |
| 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 | $19,181 |
| Total liabilities | $73,193 |
| Net assets without donor restrictions | $741,638 |
| 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 | $814,831 |