Housing & Building Association Of Colorado Springs
- Assets
- $2.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Colorado Springs, CO
- Founding
- 11/1953
- Data as of
- 12/2023
- EIN
- 84-0426532
Organization Overview
Housing & Building Association Of Colorado Springs is located in Colorado Springs, CO. The organization was established in 1953. 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, Housing & Building Association Of Colorado Springs employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing & Building Association Of Colorado Springs 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, Housing & Building Association Of Colorado Springs generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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
THE HOUSING AND BUILDING ASSOCIATION OF COLORADO SPRINGS IS COMMITTED TO PROMOTING POLICIES THAT ALLOW FOR THE PRODUCTION OF SAFE AND ATTAINABLE HOUSING AND TO ENHANCING THE ENVIRONMENT FOR THE HOUSING AND BUILDING INDUSTRY IN EL PASO COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DEVELOPMENT: THE ASSOCIATION INCLUDES 444 MEMBERS IN MEETINGS, COMMITTEES, AND GROUPS ORGANIZED FOR THE BETTERMENT OF THE HOUSING INDUSTRY IN COLORADO SPRINGS AND THE PIKES PEAK REGION.
WORKFORCE: WE PARTNER WITH ENTITIES THAT PROVIDE EDUCATIONAL COURSES FOCUSED ON THE CONSTRUCTION INDUSTRY TO PROMOTE THE BENEFITS OF CAREER OPPORTUNITIES TO STUDENTS, PARENTS, INFLUENCERS, AND EDUCATORS AS WELL AS DEVELOP EFFECTIVE JOB-PLACEMENT PLATFORMS TO PLACE STUDENTS IN THE CONSTRUCTION INDUSTRY.
GOVERNMENT AFFAIRS: THE ASSOCIATION REPRESENTS ITS MEMBERSHIP AND ADVOCATES FOR GOOD BUSINESS POLICY AT LOCAL, STATE AND NATIONAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Reyner President | Trustee | 4 | $0 |
Chad Thurber Immediate Past President | OfficerTrustee | 1 | $0 |
Thomas Garmong President-Elect | Trustee | 2 | $0 |
Carrie Bartow Director | OfficerTrustee | 1 | $0 |
Andrea Barlow Director | Trustee | 1 | $0 |
Andy Merritt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $865,927 |
| Government grants | $110,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,055,027 |
| Total Program Service Revenue | $1,382,698 |
| Investment income | $14,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$339 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,679,881 |
| 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. | $330,862 |
| Compensation of current officers, directors, key employees. | $84,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,633 |
| Pension plan accruals and contributions | $41,343 |
| Other employee benefits | $79,970 |
| Payroll taxes | $62,674 |
| Fees for services: Management | $49,121 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,747 |
| Advertising and promotion | $16,004 |
| Office expenses | $146,853 |
| Information technology | $51,164 |
| Royalties | $0 |
| Occupancy | $18,953 |
| Travel | $71,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,345 |
| Insurance | $23,395 |
| All other expenses | $110,773 |
| Total functional expenses | $2,192,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,197 |
| Savings and temporary cash investments | $607,603 |
| 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 | $126,718 |
| Net Land, buildings, and equipment | $516,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $551,406 |
| Total assets | $2,499,736 |
| Accounts payable and accrued expenses | $142,671 |
| Grants payable | $0 |
| Deferred revenue | $14,252 |
| 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 | $201,025 |
| Total liabilities | $357,948 |
| Net assets without donor restrictions | $2,141,788 |
| 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 | $2,499,736 |
Grants Awarded
Over the last fiscal year, Housing & Building Association Of Colorado Springs has awarded $29,137 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAREERS IN CONSTRUCTION COLORADO PURPOSE: General support | $20,712 |
HBA CARES PURPOSE: General support | $6,662 |
CARE AND SHARE PURPOSE: General support | $263 |
UCCS ECONOMIC FORUM PURPOSE: General support | $1,500 |