Home Builders Assn Of Winston-Salem
- Assets
- $1.1m
- Revenue
- $674.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Winston Salem, NC
- Founding
- 02/1964
- Data as of
- 12/2023
- EIN
- 56-6059257
Organization Overview
Home Builders Assn Of Winston-Salem is located in Winston Salem, NC. The organization was established in 1964. 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 Winston-Salem employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Assn Of Winston-Salem 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 Winston-Salem generated $674.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $593.9k during the year ending 12/2023. 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
THE HOME BUILDERS ASSOCIATION OF WINSTON-SALEM REPRESENTS ITS PROFESSIONAL MEMBERSHIP TO PROMOTE AND SUPPORT THE HOME BUILDING AND REMODELING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS TRADE SERVICES, MEETINGS,DEMONSTRATION ENDEAVORS AND SHOWS TO PROMOTE MEMBER PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Reese Director | Trustee | 5 | $0 |
Heather Bowen Director | Trustee | 5 | $0 |
Beth Lawson Director | Trustee | 5 | $0 |
Geoff Mitchell Director | Trustee | 5 | $0 |
Jeff Sessoms Director | Trustee | 3 | $0 |
Michael S Enscore Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $308,271 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,271 |
| Total Program Service Revenue | $199,080 |
| Investment income | $5,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $130,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $142,147 |
| Compensation of current officers, directors, key employees. | $35,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,937 |
| Other employee benefits | $18,468 |
| Payroll taxes | $11,386 |
| Fees for services: Management | $19,213 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,472 |
| Office expenses | $13,963 |
| Information technology | $13,232 |
| Royalties | $0 |
| Occupancy | $16,272 |
| Travel | $2,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,254 |
| Insurance | $6,191 |
| All other expenses | $19,751 |
| Total functional expenses | $593,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,662 |
| 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 | $0 |
| Net Land, buildings, and equipment | $183,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,123,862 |
| Accounts payable and accrued expenses | $3,414 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $3,414 |
| Net assets without donor restrictions | $1,120,448 |
| 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 | $1,123,862 |