Home Builders Association Of Northwest Louisiana
- Assets
- $266.3k
- Revenue
- $421.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Shreveport, LA
- Founding
- 09/1959
- Data as of
- 12/2023
- EIN
- 72-0484817
Organization Overview
Home Builders Association Of Northwest Louisiana is located in Shreveport, LA. The organization was established in 1959. 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 Association Of Northwest Louisiana employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Northwest Louisiana 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 Northwest Louisiana generated $421.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $452.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 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
ESTABLISHED IN 1955, THE HOME BUILDERS ASSOCIATION OF NORTHWEST LOUISIANA IS A NON-PROFIT PROFESSIONAL TRADE ASSOCIATION. IT IS AFFILIATED WITH THE LOUISIANA HOME BUILDERS ASSOCIATION AND THE NATIONAL ASSOCIATION OF HOME BUILDERS, AND IS COMPRISED OF LOCAL BUILDER AND ASSOCIATE MEMBERS, AND IS GOVERNED BY ITS BOARD OF DIRECTORS. THE ASSOCIATION SERVES ITS MEMBERS AS THE LEADING SOURCE OF INFORMATION FOR LEGISLATIVE AND INDUSTRY AFFAIRS, TECHNOLOGY, EDUCATION, PRODUCTS, AND SERVICES. WHILE STRENGTHENING OUR MEMBERSHIP, OUR GOAL IS TO SET THE STANDARD OF THE INDUSTRY AND IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY BY OFFERING AFFORDABLE QUALITY HOUSING AND CREATING OPPORTUNITIES FOR OUR MEMBERS TO SERVE THE COMMUNITY THROUGH CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SUPPORT: EVENTS PROMOTING QUALITY HOME CONSTRUCTION, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO NETWORK WITH OTHER LOCAL CONTRACTORS
CONTINUING EDUCATION: PROVIDE MEMBERS WITH CONTINUING EDUCATION CLASS HOURS NEEDED TO RENEW THEIR STATE CONTRACTORS LICENSES
GOLF TOURNAMENT: GOLF OUTING TO PROMOTE FELLOWSHIP AND CAMARADERIE BETWEEN HBA MEMBERS. ATTENDANCE WAS APPROXIMATELY 100 PEOPLE.
PARADE OF HOMES: AN EVENT HOSTED BY THE HBA AND OPEN TO THE PUBLIC. SHOWCASE OF SPEC AND CUSTOM HOME CONSTRUCTION AND REMODELING. CONTRACTORS AND VENDORS ARE AVAILABLE TO ANSWER QUESTIONS AND PROVIDE INFORMATION ABOUT THE HOUSES. ATTENDANCE, APPROXIMATELY 3,000 OVER 4 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Wimberly Director | Trustee | 2 | $0 |
Justin Bigham Director | Trustee | 2 | $0 |
Loreli Lopez Director | Trustee | 2 | $0 |
Mark Harrison Director | Trustee | 2 | $0 |
Michael Jeane Director | Trustee | 2 | $0 |
Matt Jenkins Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $216,890 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,315 |
| Total Program Service Revenue | $125,320 |
| Investment income | $910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,065 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,710 |
| Fees for services: Lobbying | $11,510 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $810 |
| Advertising and promotion | $21,867 |
| Office expenses | $1,182 |
| Information technology | $6,264 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,016 |
| Interest | $2,455 |
| Payments to affiliates | $114,322 |
| Depreciation, depletion, and amortization | $8,275 |
| Insurance | $8,257 |
| All other expenses | $9,151 |
| Total functional expenses | $452,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,114 |
| 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 | $3,862 |
| Net Land, buildings, and equipment | $130,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,336 |
| Accounts payable and accrued expenses | $15,455 |
| Grants payable | $0 |
| Deferred revenue | $43,513 |
| 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 | $47,312 |
| Total liabilities | $106,280 |
| Net assets without donor restrictions | $160,056 |
| 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 | $266,336 |