Home Builders Association Of Southwest Colorado Inc
- Assets
- $147.3k
- Revenue
- $172.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Durango, CO
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 84-1326728
Organization Overview
Home Builders Association Of Southwest Colorado Inc is located in Durango, CO. The organization was established in 1996. 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 Southwest Colorado Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Southwest Colorado 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 Southwest Colorado Inc generated $172.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $227.5k during the year ending 12/2021. 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
TO SERVE AS THE VOICE OF THE BUILDING INDUSTRY IN SOUTHWEST COLORADO THROUGH ADVOCACY, EDUCATION, MEMBERSHIP, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HBASC BUILDS RELATIONSHIPS WITH FELLOW MEMBERS AT MEMBERSHIP MEETINGS, SPECIAL EVENTS, COMMITTEE MEETINGS, AND EDUCATION SESSIONS. MEMBERS SPEND TIME WITH PEOPLE WHO HAVE SHARED INTERESTS IN THE INDUSTRY THROUGH OUR SPECIAL INTEREST COUNCILS.
THE HBASC KEEPS MEMBERS INFORMED ON ISSUES IN THE CITY OF DURANGO AND LA PLATA COUNTY WHILE WORKING WITH THEIR AGENCIES ON LOCAL INDUSTRY REGULATION. IN ADDITION, THE HBASC PROVIDES VARIED EDUCATIONAL PROGRAMS TO MEET EACH OF ITS BUSINESS MEMBERS' NEEDS. NATIONAL AND STATE ASSOCIATION DUES GO TO SUPPORT EDUCATIONAL AND ADVOCACY ACTIVITIES.
THE HBASC ACTIVELY SUPPORTS AND GIVES BACK TO THE COMMUNITY THROUGH ITS COMMUNITY INVESTMENT PARTNERS THROUGH ECONOMIC DEVELOPMENT PROJECTS, SCHOLARSHIPS, WORKSHOPS AND OTHER ACTIVITIES. THE HBASC TRADES N TRAINING PROGRAM PROVIDES STUDENTS THE OPPORTUNITY TO GAIN EXPERIENCE & CERTIFICATION IN A VARIETY OF CONSTRUCTION-RELATED TRADES INCLUDING CARPENTRY, ELECTRICAL, PLUMBING, BUILDING CONSTRUCTION TECHNOLOGY, AND OTHERS. FUNDING FOR THESE ACTIVITIES IS PROVIDED THROUGH MEMBER SUPPORT OF ITS SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Delamare Executive Dir. | Officer | 40 | $67,499 |
Adam Hirshberg President | OfficerTrustee | 3 | $0 |
Aaron Hobart Vice President | OfficerTrustee | 3 | $0 |
Douglass Field Treasurer | OfficerTrustee | 3 | $0 |
Russ Smith Director | Trustee | 1 | $0 |
Lonna Larson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,087 |
| 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 | $44,087 |
| Total Program Service Revenue | $66,073 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,476 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,682 |
| 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. | $67,499 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,852 |
| Payroll taxes | $5,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,206 |
| Advertising and promotion | $31,510 |
| Office expenses | $2,319 |
| Information technology | $6,383 |
| Royalties | $0 |
| Occupancy | $955 |
| Travel | $4,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $19,851 |
| Depreciation, depletion, and amortization | $1,325 |
| Insurance | $1,321 |
| All other expenses | $13,435 |
| Total functional expenses | $227,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,446 |
| Savings and temporary cash investments | $80,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,863 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,481 |
| Total assets | $147,336 |
| Accounts payable and accrued expenses | $17,695 |
| 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 | $142,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $552 |
| Total liabilities | $160,747 |
| Net assets without donor restrictions | -$13,411 |
| 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 | $147,336 |
Grants Awarded
Over the last fiscal year, Home Builders Association Of Southwest Colorado Inc has awarded $16,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY | | | $10,000 |
VOA | | | $6,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sun City Grand Community Association Inc Surprise, AZ | $71,979,980 | $26,913,694 |
Highlands Ranch Community Assoc Highlands Ranch, CO | $57,363,185 | $26,636,063 |
Dc Ranch Association Inc Scottsdale, AZ | $11,452,331 | $8,727,546 |
Johnson Ranch Community Association Inc Scottsdale, AZ | $8,421,000 | $6,968,596 |
Power Ranch Community Association Scottsdale, AZ | $9,499,414 | $6,148,445 |
Ken-Caryl Ranch Master Association Littleton, CO | $4,631,765 | $4,101,686 |
Mccormick Ranch Property Owners Association Inc Scottsdale, AZ | $4,064,861 | $4,808,154 |
Dc Ranch Community Council Scottsdale, AZ | $10,601,322 | $7,566,786 |
Grayhawk Community Association Scottsdale, AZ | $7,151,077 | $4,794,073 |
Baca Grande Property Owners Association Crestone, CO | $2,833,644 | $2,042,205 |
Falconhead Property Owners Assn Inc Burneyville, OK | $1,958,922 | $2,396,441 |
Heartland Community Association Scottsdale, AZ | $1,367,913 | $2,102,920 |