North Carolina Home Builders Association Inc
- Assets
- $7.5m
- Revenue
- $3.9m
- Investments
- $5.2m
- Employees
- 17
- Location
- Raleigh, NC
- Founding
- 02/1967
- Data as of
- 12/2023
- EIN
- 56-0891671
Organization Overview
North Carolina Home Builders Association 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, North Carolina Home Builders Association Inc employed 17 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. North Carolina Home Builders 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, North Carolina Home Builders Association Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 3.9% 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
BUILDING PROFESSIONALS WORKING TOGETHER TO PROVIDE SAFE & AFFORDABLE HOUSING FOR THE PEOPLE OF NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS PROGRAMS AND ACTIVITIES, THE ASSOCIATION ENCOURAGES INDUSTRY PROFESSIONALISM, PROVIDES A FORUM TO CONSOLIDATE INDUSTRY VIEWS, AND SERVES AS A PROACTIVE ADVOCATE FOR THE BUILDING INDUSTRY WHICH, THROUGH THE ASSISTANCE OF NCHBA, PROVIDES HOMES FOR THE CITIZENS OF NORTH CAROLINA.NCHBA PLAYS A KEY ROLE IN HELPING MAINTAIN CONSISTENTLY HIGHER INDUSTRY STANDARDS OF CONDUCT, QUALITY, AND ETHICS. MEMBERSHIP IN NCHBA HELPS CRYSTALLIZE COLLECTIVE OPINIONSIN ORDER TO EFFECT CHANGE IN CONGRESS, THE N.C. GENERAL ASSEMBLY, THE COURTS AND REGULATORY AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Bryant President | OfficerTrustee | 5 | $0 |
Cody Byrd President-Elect | OfficerTrustee | 4 | $0 |
Wes Carroll Immediate Past President | OfficerTrustee | 4 | $0 |
Thomas Mcclain First Vice President | OfficerTrustee | 4 | $0 |
Charlene Allen Secretary/treasurer/chair-Associate Members Commit | OfficerTrustee | 4 | $0 |
Mark Merell Region I VP | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,101,420 |
| Investment income | $92,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,651,859 |
| Net Rental Income | $43,170 |
| Net Gain/Loss on Asset Sales | -$48 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,888,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $675,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,215,635 |
| Pension plan accruals and contributions | $83,476 |
| Other employee benefits | $142,252 |
| Payroll taxes | $118,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,164 |
| Fees for services: Accounting | $19,350 |
| Fees for services: Lobbying | $44,931 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,695 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,639 |
| Office expenses | $104,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,176 |
| Travel | $140,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,277 |
| Insurance | $18,438 |
| All other expenses | $18,300 |
| Total functional expenses | $3,800,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700,688 |
| Savings and temporary cash investments | $187,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,825 |
| 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 | $82,029 |
| Net Land, buildings, and equipment | $278,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,249,342 |
| Investments—program-related | $681,360 |
| Intangible assets | $0 |
| Other assets | $238,582 |
| Total assets | $7,505,667 |
| Accounts payable and accrued expenses | $15,149 |
| Grants payable | $0 |
| Deferred revenue | $419,773 |
| 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 | $399,741 |
| Total liabilities | $834,663 |
| Net assets without donor restrictions | $6,671,004 |
| 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 | $7,505,667 |
Grants Awarded
Over the last fiscal year, North Carolina Home Builders Association Inc has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOME BUILDERS EDUCATION FUND INC PURPOSE: TO PROMOTE AND EDUCATE THE GENERAL PUBLIC AS TO THE IMPORTANCE OF THE HOME BUILDING INDUSTRY IN NORTH CAROLINA, AND TO ADVOCATE FOR LEGISLATIVE CANDIDATES WHO APPRECIATE THE IMPORTANCE OF THE HOME BUILDING INDUSTRY TO THE ECONOMY OF NORTH CAROLINA. | $250,000 |
NCHBA EDUCATIONAL & CHARITABLE FOUNDATION PURPOSE: FINANCIAL SUPPORT | $50,000 |