Home Builders Association Of Alabama
- Assets
- $10.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Montgomery, AL
- Founding
- 07/1959
- Data as of
- 12/2023
- EIN
- 63-0368798
Organization Overview
Home Builders Association Of Alabama is located in Montgomery, AL. The organization was established in 1959. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Home Builders Association Of Alabama employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Alabama 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 Association Of Alabama generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 8 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
PROMOTE THE HOME BUILDING INDUSTRY IN ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES/MEETINGS-THE ASSOCIATION PROMOTES A PROGRESSIVE STATE ENVIRONMENT TO ENHANCE THE VITALITY OF THE HOUSING INDUSTRY TO BENEFIT ITS MEMBERS AND THE CITIZENS OF ALABAMA.
EDUCATION SERVICES-THE ASSOCIATION CONDUCTS SEMINARS THROUGHOUT THE YEAR AND OTHER EDUCATIONAL SERVICES WHICH ASSIST ITS MEMBERS IN OBTAINING CERTIFICATIONS AS LICENSED BUILDERS, REMODELERS, ETC.
COMMUNICATIONS-THE ASSOCIATION IS THE HOME BUILDING INDUSTRY VOICE IN ALABAMA AND INTERACTS ON ITS MEMBERS BEHALF WITH ALL EXECUTIVE, LEGISLATIVE AND REGULATORY BODIES. HBAA ALSO PROVIDES A MAGAZINE TO ITS MEMBERS AND AN INTERACTIVE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Davis Executive Vice President | Officer | 40 | $228,260 |
Jason Reid Vice President Of External Affairs | 40 | $166,214 | |
Kory Boling Foundation Director | 40 | $126,514 | |
Lisa Watkins Publication Director | 40 | $122,066 | |
Debbie Baxley Administrative Vice President | Officer | 40 | $106,086 |
Mark Saliba Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $444,258 |
| 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 | $444,258 |
| Total Program Service Revenue | $897,356 |
| Investment income | $220,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,030,078 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,984 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,692,032 |
| 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. | $845,798 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,639 |
| Pension plan accruals and contributions | $26,850 |
| Other employee benefits | $62,577 |
| Payroll taxes | $69,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $421 |
| Fees for services: Accounting | $24,881 |
| Fees for services: Lobbying | $14,104 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,334 |
| Fees for services: Other | $40,000 |
| Advertising and promotion | $26,993 |
| Office expenses | $72,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,068 |
| Travel | $201,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453,547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,193 |
| Insurance | $13,617 |
| All other expenses | $10,829 |
| Total functional expenses | $2,779,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,416 |
| 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 | $54,973 |
| Net Land, buildings, and equipment | $32,402 |
| Investments—publicly traded securities | $10,248,538 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,774 |
| Total assets | $10,786,293 |
| Accounts payable and accrued expenses | $162,525 |
| Grants payable | $0 |
| Deferred revenue | $16,500 |
| 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 | $166,271 |
| Total liabilities | $345,296 |
| Net assets without donor restrictions | $10,440,997 |
| 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 | $10,786,293 |