Homebuilders Association Of Greater Chattanooga
- Assets
- $456.1k
- Revenue
- $446.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Chattanooga, TN
- Founding
- 02/1967
- Data as of
- 12/2023
- EIN
- 62-0535664
Organization Overview
Homebuilders Association Of Greater Chattanooga is located in Chattanooga, TN. The organization was established in 1967. 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 12/2023, Homebuilders Association Of Greater Chattanooga employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homebuilders Association Of Greater Chattanooga 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, Homebuilders Association Of Greater Chattanooga generated $446.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $522.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HOMEBUILDING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME SHOW - A TRADE SHOW FOR THE REGION WHERE THE HOMEBUILDING INDUSTRY AND ANCILLARY PRODUCTS AND SERVICES ARE BROUGHT TOGETHER FOR THE PUBLIC.
GOVERNMENT AFFAIRS, MEETING INCOME, ADVERTISING INCOME, ANNUAL DINNER INCOME, ROYALTIES, PROMOTIONS, AND REBATES.
ASSOCIATES COUNCIL - MONTHLY MEETINGS OF THE ASSOCIATES COUNCIL AND INTERESTED OTHERS WHERE RELEVANT TOPICS OF THE BUILDING INDUSTRY OR SERVICE PROJECTS ARE DISCUSSED FOR POSSIBLE PARTICIPATION BY THE COUNCIL OR TO BRING TO THE TOTAL MEMBERSHIP FOR PARTICIPATION.
OTHER ACTIVITIES INVOLVING THE PROMOTION OF THE BUILDING INDUSTRY ANDEDUCATION OF THOSE IN THE BUILDING INDUSTRY AS WELL AS INTERESTEDMEMBERS OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Bell Director | Trustee | 1 | $0 |
Gabe Thomas 2nd Past President | OfficerTrustee | 1 | $0 |
Jordan Cornelison 1st Past President | OfficerTrustee | 1 | $0 |
Ramona Scott Treasurer | OfficerTrustee | 1 | $0 |
Barry Payne President | OfficerTrustee | 5 | $0 |
Warren Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,360 |
| Total Program Service Revenue | $282,582 |
| Investment income | $10,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,100 |
| 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. | $138,654 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,404 |
| Pension plan accruals and contributions | $3,622 |
| Other employee benefits | $0 |
| Payroll taxes | $11,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,756 |
| Office expenses | $5,118 |
| Information technology | $9,491 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,954 |
| Insurance | $9,453 |
| All other expenses | $32,363 |
| Total functional expenses | $522,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,309 |
| 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 | $7,058 |
| Net Land, buildings, and equipment | $181,085 |
| Investments—publicly traded securities | $224,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,099 |
| Accounts payable and accrued expenses | $3,683 |
| Grants payable | $0 |
| Deferred revenue | $41,960 |
| 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 | $45,643 |
| Net assets without donor restrictions | $410,456 |
| 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 | $456,099 |
Grants Awarded
Over the last fiscal year, Homebuilders Association Of Greater Chattanooga has awarded $55,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: GENERAL PURPOSE | $5,350 |
CHATTANOOGA CAREER CENTER PURPOSE: GENERAL PURPOSE | $50,000 |