Home Builders Association Of Alabama

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 12/2022, 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 12/2022, 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 0.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 0.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$455,784
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$455,784
Total Program Service Revenue$874,931
Investment income $212,371
Tax Exempt Bond Proceeds $0
Royalties $1,038,667
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,747
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,696,585

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