Home Builders Association Of Lake County
- Assets
- $184.2k
- Revenue
- $129.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Tavares, FL
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 59-1623355
Organization Overview
Home Builders Association Of Lake County, operating under the name Home Builders Association Of Lake-, is located in Tavares, FL. The organization was established in 1976. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Home Builders Association Of Lake- employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Lake- 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 12/2021, Home Builders Association Of Lake- generated $129.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $156.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOME BUILDERS ASSOCIATION OF LAKE COUNTY SERVES APPROXIMATELY 130 CORPORATE AND INDIVIDUAL MEMBERS INVOLVED IN THE CONSTRUCTION AND RELATED INDUSTRIES, INCLUDING PROFESSIONAL HOMEBUILDERS, CONSTRUCTION-RELATED TRADESMEN AND REAL ESTATE INDUSTRY PARTNERS. ITS SERVICE AREA INCLUDES LAKE AND SUMTER COUNTIES AND MEMBERS ALSO BELONG TO BOTH THE FLORIDA AND NATIONAL ASSOCIATIONS. THE MISSION OF THE ASSOCIATION IS TO PROVIDE SERVICE, EDUCATION, INFORMATION AND NETWORKING OPPORTUNITIES TO THOSE MEMBERS AND TO USE ITS UNIFIED STRENGTH AND RESOURCES TO ENSURE THE HIGHEST POSSIBLE STANDARDS OF QUALITY, INTEGRITY AND PROFESSIONALISM WITHIN THE BUILDING INDUSTRY WHILE MONITORING GOVERNMENT TO ENSURE THE PRESERVATION OF THE AMERICAN DREAM OF OWNING A HOME. THESE AIMS ARE CARRIED OUT THROUGH NEWSLETTERS, MONTHLY DINNER MEETINGS WITH SPEAKERS, EDUCATIONAL SESSIONS, COMMUNITY EVENTS AND OTHER RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS USED TO INFORM & EDUCATE MEMBERSHIP AND HELP WITH THEIR DEVELOPMENT BOTH PERSONALLY AND PROFESSIONALLY THROUGH MONTHLY DINNER MEETINGS, NEWSLETTERS, TRADE SHOWS, EXPOS, AND OTHER COMMUNITY EVENTS AND SERVICES. IN ADDITION, THE ORGANIZATION CONTINUES TO MONITOR GOVERNMENT AND SERVE AS AN ADVOCATE FOR MEMBERS AND THE COMMUNITY IN AN EFFORT TO PREVENT UNFAIR TAXING(I.E. IMPACT FEES) THAT MAY CAUSE FINANCIAL BURDEN ON THE MEMBERSHIP AND ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Ederer Treasurer | OfficerTrustee | 1 | $0 |
Eric Hunt Assoc Vice P | OfficerTrustee | 1 | $0 |
Glenn Phillips President | OfficerTrustee | 2.3 | $0 |
Janet Noack Immed Past A | OfficerTrustee | 0.75 | $0 |
Roger Stephan Immed Past P | OfficerTrustee | 0.75 | $0 |
William Bud Dorman Life Directo | Trustee | 1.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,889 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,784 |
| Total Program Service Revenue | $76,042 |
| Investment income | $597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,078 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,921 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,650 |
| 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 | $4,773 |
| Information technology | $3,252 |
| Royalties | $0 |
| Occupancy | $14,535 |
| Travel | $919 |
| 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 | $1,902 |
| Insurance | $5,067 |
| All other expenses | $2,033 |
| Total functional expenses | $156,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,667 |
| Savings and temporary cash investments | $85,010 |
| 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 | $770 |
| Net Land, buildings, and equipment | $83,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220 |
| Total assets | $184,223 |
| Accounts payable and accrued expenses | $2,719 |
| 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 | $16,483 |
| Other liabilities | $15,359 |
| Total liabilities | $34,561 |
| Net assets without donor restrictions | $149,662 |
| 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 | $184,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Atlanta Home Builders Association Inc Atlanta, GA | $2,099,399 | $1,943,083 |
Greater Birmingham Association Of Home Builders Birmingham, AL | $2,470,065 | $1,460,469 |
National Property Management Association Atlanta, GA | $1,900,437 | $1,089,769 |
Realtors Of Punta Gorda Port Charlotte North Port Desoto Inc Port Charlotte, FL | $1,538,822 | $1,461,831 |
Baldwin County Assoc Of Realtors Robertsdale, AL | $6,364,960 | $1,529,077 |
Lakeland Association Of Realtors Lakeland, FL | $2,655,515 | $1,043,502 |
Montgomery Area Association Of Realtors Montgomery, AL | $4,209,450 | $856,263 |
Ocala-Marion County Association Of Realtors Ocala, FL | $5,236,729 | $891,502 |
Florida Ccim Chapter Of The Realtors National Marketing Instit Miami, FL | $758,496 | $466,608 |
Home Builders Association Of Savannah Savannah, GA | $1,026,746 | $435,664 |
Alabama Association Of Housing And Redevelopment Authorities Panama City Beach, FL | $360,812 | $370,776 |
Association Of Real Estate Owned Managers Pensacola, FL | $464,087 | $376,386 |