Home Builders Association Of Billings Montana Inc
- Assets
- $1.4m
- Revenue
- $763.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Billings, MT
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 81-0263547
Organization Overview
Home Builders Association Of Billings Montana Inc is located in Billings, MT. The organization was established in 1968. 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 12/2021, Home Builders Association Of Billings Montana Inc 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 Billings Montana Inc 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 Billings Montana Inc generated $763.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $653.3k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOME BUILDERS ASSOCIATION OF BILLINGS IS COMMITTED TO MAINTAINING THE HIGHEST LEVEL OF PROFESSIONALISM WITHIN THE BUILDING INDUSTRY THROUGH EDUCATION, NETWORKING, AND CIVIC INVOLVEMENT TO ACHIEVE A POSITIVE INVESTMENT FOR OUR MEMBERS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME BUILDERS ASSOCIATION OF BILLINGS PROVIDES THE BILLINGS SCHOOL DISTRICT WITH A LEARN-BY-DOING VOCATIONAL EDUCATION FORUM. EACH YEAR 100-PLUS HIGH SCHOOL STUDENTS BUILD A HOUSE WHICH IS THEN PUT ON THE MARKET AND SOLD TO FUND THE FOLLOWING YEAR'S PROJECT. THE PROJECT IS FUNDED BY THE HOME BUILDERS ASSOCIATION OF BILLINGS AND ALL ASPECTS OF CONSTRUCTION ARE LED BY HBA VOLUNTEER MEMBERS. THE PROGRAM, IN LINE WITH THE HBA'S EDUCATION MISSION, TEACHES CHILDREN VALUABLE CAREER SKILLS THEY TAKE WITH THEM AFTER GRADUATION AND HELPS THE INDUSTRY BY PROVIDING A SOURCE FOR CONSTRUCTION LABOR. CURRENTLY, THERE ARE 2 LOTS - ONE WITH CURRENT CONSTRUCTION, AND ONE FOR FUTURE CONSTRUCTION.
ORGANIZATION OF ANNUAL PARADE OF HOMES SHOW. AS BILLINGS IS A PRIMARY RESOURCE FOR BUILDING INDUSTRY PROFESSIONALS AND AFFILIATES, WE ARE COMMITTED TO MAINTAINING THE HIGHEST LEVEL OF PROFESSIONALISM WITHIN THE INDUSTRY AND, IN LINE WITH OUR MISSION, CONTINUOUSLY ADVOCATE FOR THE CONSUMER'S RIGHT TO BUILD THE HOME OF THEIR DREAMS WITH THE LEAST AMOUNT OF RESTRICTION. THE ANNUAL PARADE OF HOMES SHOWCASES PROFESSIONAL BUILDING TECHNIQUES AND EDUCATES CONSUMERS ON TRENDS AND DESIGNS.
THE BUILDING & REMODELING EXPO IS A PLATFORM DESIGNED TO PRESENT CONSUMERS WITH EXPERIENCED PROFESSIONAL CONTRACTORS AND SUPPLIERS TO ASSIST WITH BUILDING AND/OR REMODELING NEEDS, AS WELL AS EDUCATE HOMEOWNERS OF THE LATEST INDUSTRY TRENDS, TECHNOLOGY, INNOVATIVE FINANCING OPTIONS, AND CHANGES IN STATE AND LOCAL CODES AND ORDINANCES. ALL PARTICIPATING VENDORS ARE MEMBERS OF THE HOME BUILDERS ASSOCIATION OF BILLINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Welzenbach Executive Director | Officer | 40 | $71,076 |
Steve Wells Immediate Past President | OfficerTrustee | 5 | $0 |
Kolten Knatterud Hba President | OfficerTrustee | 5 | $0 |
Mike Vinton Hba 1st Vice President | OfficerTrustee | 5 | $0 |
Levi Wanner Hba 2nd Vice President | OfficerTrustee | 5 | $0 |
Wayne Nelson Hba Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,047 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,200 |
| 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 | $84,247 |
| Total Program Service Revenue | $528,403 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $150,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,800 |
| 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. | $71,076 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,365 |
| Payroll taxes | $9,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,210 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,756 |
| Travel | $964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,228 |
| Insurance | $0 |
| All other expenses | $28,050 |
| Total functional expenses | $653,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,917 |
| Savings and temporary cash investments | $220,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $384,977 |
| Prepaid expenses and deferred charges | $4,298 |
| Net Land, buildings, and equipment | $1,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $770 |
| Other assets | $0 |
| Total assets | $1,429,512 |
| Accounts payable and accrued expenses | $77,621 |
| 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 | $0 |
| Other liabilities | $3,193 |
| Total liabilities | $80,814 |
| Net assets without donor restrictions | $0 |
| 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 | $1,348,698 |
| Total liabilities and net assets/fund balances | $1,429,512 |
Peer Organizations
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|---|---|---|
Big Sky Owners Association Inc Big Sky, MT | $2,466,028 | $1,119,623 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
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Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
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Pleasant Park Community Inc Great Falls, MT | $2,154,842 | $261,569 |
Helena Building Industry Association Of Helena Montana Inc Helena, MT | $371,834 | $168,190 |
South Dakota Association Of Cooperatives Pierre, SD | $639,078 | $264,199 |
Home Corporation Bozeman, MT | $665,478 | $205,113 |
Miller Housing Corporation Miller, SD | $902,389 | $78,409 |