Home Builders Assn Of Raleigh And Wake County Inc
- Assets
- $1.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 56-0849629
Organization Overview
Home Builders Assn Of Raleigh And Wake County Inc is located in Raleigh, NC. The organization was established in 1967. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Home Builders Assn Of Raleigh And Wake County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Assn Of Raleigh And Wake County 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 Assn Of Raleigh And Wake County Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 5 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 PROMOTE THE INTERESTS OF THE RESIDENTIAL BUILDING INDUSTRY ON ISSUES THAT AFFECT THEIR ABILITY TO PROVIDE AFFORDABLE HOUSING FOR ALL CIZITENS OF WAKE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED THE FREE, ANNUAL PARADE OF HOMES EVENT FOR BUILDER MEMBERS TO DISPLAY NEW HOMES TO THE GENERAL PUBLIC. PARADE ENTRIES WERE JUDGED AS PART OF THE PROGRAM TO SEE WHICH ENTRY WAS BEST IN 14 CATEGORIES. APPROXIMATELY 107 HOMES WERE ENTERED IN 2023. OVER 19,000 COPIES OF THE PARADEOF HOMES BOOKS WERE GIVEN OUT BEFORE, DURING AND AFTER THE EVENT.
THE HBA HOSTED 2 GOLF TOURNAMENTS IN 2023, WITH A COMBINED TOTAL OF 260 PLAYERS PARTICIPATING IN THE EVENTS. MULTIPLE ORGANZIATIONS SPONSORED THE EVENTS AND SET UP DISPLAYS FOR THE PARTICIPANTS. THE GOLF TOURNAMENTS WERE MONITORED AND RUN BY BOTH STAFF MEMBERS AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Price Immediate Past President/membership Council | OfficerTrustee | 2 | $0 |
Jim Derrickson President | OfficerTrustee | 2 | $0 |
Alaina Money-Garman 1st Vice President | OfficerTrustee | 2 | $0 |
Christy Beck 2nd Vice President | OfficerTrustee | 2 | $0 |
Keith Hill Treasurer | OfficerTrustee | 2 | $0 |
Tom Anhut Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,242 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,242 |
| Total Program Service Revenue | $2,524,013 |
| Investment income | $20,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$99,102 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,984 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,583 |
| 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. | $260,371 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,738 |
| Pension plan accruals and contributions | $31,311 |
| Other employee benefits | $45,456 |
| Payroll taxes | $51,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,900 |
| 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 | $37,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,290 |
| Travel | $37,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,246 |
| Interest | $4,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,483 |
| Insurance | $6,489 |
| All other expenses | $97,919 |
| Total functional expenses | $2,570,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,080 |
| Savings and temporary cash investments | $533,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,627 |
| 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 | $37,543 |
| Net Land, buildings, and equipment | $160,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $981,628 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,804,550 |
| Accounts payable and accrued expenses | $46,908 |
| Grants payable | $0 |
| Deferred revenue | $34,340 |
| 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 | $144,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,173 |
| Total liabilities | $227,878 |
| Net assets without donor restrictions | $1,576,672 |
| 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 | $1,804,550 |