North Alabama Homebuilding Academy Inc
- Assets
- $344.9k
- Revenue
- $366.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Huntsville, AL
- Founding
- 09/2019
- Data as of
- 09/2022
- EIN
- 84-1915950
Organization Overview
North Alabama Homebuilding Academy Inc is located in Huntsville, AL. The organization was established in 2019. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 09/2022, North Alabama Homebuilding Academy Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Alabama Homebuilding Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, North Alabama Homebuilding Academy Inc generated $366.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $372.2k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HANDS-ON, SHORT-TERM TRAINING TO INDIVIDUALS SEEKING TO ENTER INTO THE RESIDENTIAL CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED 8 CLASSES WITH 88 GRADUATES.HOSTED 5 JOB FAIRS AT NAHA FOR GRADUATES: 56 STUDENTS PARTICIPATED, 50 COMPANIES REPRESENTED, 457 PRELIMINARY INTERVIEWS CONDUCTED COMPLETED 1 SECTIONS OF BUILDING CONSTRUCTION 1 STC IN PARTNERSHIP WITH DRAKE STATE COMMUNITY COLLEGE.OFFERED 2 SECTIONS OF SMALL EQUIPMENT ORIENTATION FOR NAHA GRADUATES (MINI-EXCAVATOR, SKID STEER)INVITED TO PRESENT SESSION AT THE STATE OF ALABAMA BEST PRACTICES SEMINAR IN WORK BASED LEARNING.FOSTER PARTNERSHIPS WITH HIS WAY ADDICTION RECOVERY CENTER, HUNTSVILLE DAY REPORTING CENTER (AL BUREAU OF PARDONS AND PAROLE), & MADISON COUNTY JUVENILE PROBATION DEPARTMENT TO PROVIDE SERVICES TO THEIR CLIENTS.HOSTED A SUMMER CAMP FOR GIRLS INC (UNDERSERVED TEEN GIRLS IN HUNTSVILLE AREA).VISITS TO 20 AREA SCHOOLS TO PRESENT OPPORTUNITIES IN THEIR SKILL TO TRADES.PARTICIPATED IN HUNTSVILLE WORLDS OF WORK (MORE THAN 4,000 STUDENTS).HOSTED A PROFESSIONAL DEVELOPMENT SESSION FOR AREA COUNSELORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Davis Jr Administrator | Officer | 40 | $63,846 |
Frank Carbin Director | Trustee | 10 | $0 |
Craig Paulus Director | Trustee | 5 | $0 |
Scott Dean Director | Trustee | 5 | $0 |
Andrea Paseur Director | Trustee | 5 | $0 |
Chris Bippen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,829 |
| Total Program Service Revenue | $16,250 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,079 |
| 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. | $64,892 |
| Compensation of current officers, directors, key employees. | $55,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,981 |
| Payroll taxes | $11,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $907 |
| Fees for services: Accounting | $8,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,379 |
| Advertising and promotion | $9,259 |
| Office expenses | $9,487 |
| Information technology | $1,177 |
| Royalties | $0 |
| Occupancy | $51,645 |
| Travel | $235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $262 |
| Interest | $110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,094 |
| Insurance | $14,599 |
| All other expenses | $0 |
| Total functional expenses | $372,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,641 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,865 |
| Accounts payable and accrued expenses | $10,594 |
| 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 | $0 |
| Total liabilities | $10,594 |
| Net assets without donor restrictions | $334,271 |
| 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 | $344,865 |