California Homebuilding Foundation
- Assets
- $11.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Sacramento, CA
- Founding
- 10/1979
- Data as of
- 12/2022
- EIN
- 94-2581819
Organization Overview
California Homebuilding Foundation is located in Sacramento, CA. The organization was established in 1979. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, California Homebuilding Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Homebuilding Foundation 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 12/2022, California Homebuilding Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 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.
Since 2014, California Homebuilding Foundation has awarded 15 individual grants totaling $325,420. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HOMEBUILDING INDUSTRY THROUGH SCHOLARSHIP, RESEARCH, EDUCATION AND PROFESSIONAL RECOGNITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONALD CHAIKEN BUILDING INDUSTRY TECHNOLOGY ACADEMY (BITA)BITA IS A FOUR-YEAR HIGH SCHOOL CONSTRUCTION TRAINING CURRICULUM DESIGNED TO BUILD AWARENESS OF THE VARIOUS CAREER OPTIONS IN CONSTRUCTION AND PROVIDE STUDENTS THE KNOWLEDGE, SKILLS AND CONFIDENCE NEEDED TO PURSUE A CAREER IN THE BUILDING INDUSTRY.BITA PROVIDES AN EDUCATED WORKFORCE TO MEET INDUSTRY DEMAND, OFFSET WORKER RETIREMENT, AND AVOID LABOR SHORTAGES, PLUS ENHANCES THE PUBLIC PERCEPTION OF THE BUILDING INDUSTRY, ITS DIVERSE CAREER OPPORTUNITIES, AND HARDWORKING EMPLOYEES. THE PROGRAM HAS EXPANDED TO OVER 60 SCHOOLS STATEWIDE, IMPACTING OVER 7,000 STUDENTS EACH SEMESTER.
CALIFORNIA HOMEBUILDING FOUNDATION POST-SECONDARY SCHOLARSHIPSTHE CALIFORNIA HOMEBUILDING FOUNDATION IS HELPING STUDENTS INTERESTED IN A BUILDING RELATED PROGRAM PURSUE HIGHER EDUCATION. THE FOUNDATION MANAGES OVER 125 SCHOLARSHIP ENDOWMENTS, WHICH WERE ESTABLISHED BY HOMEBUILDING PROFESSIONALS, INDIVIDUALS, FAMILIES, BUSINESSES, AND ORGANIZATIONS SUPPORTING THE BUILDING INDUSTRY. FOUNDATION SCHOLARSHIPS PROVIDE FINANCIAL ASSISTANCE AND RECOGNITION TO STUDENTS WHO HAVE A FINANCIAL NEED AND ARE IN GOOD ACADEMIC STANDING AS THEY STRIVE TO ACHIEVE A WIDE RANGE OF GOALS THROUGH THE PURSUIT OF HIGHER EDUCATION.
CONSTRUCTION INDUSTRY RESEARCH BOARD (CIRB)CIRB IS A PROMINENT NONPROFIT INSTITUTION FOR HOUSING RESEARCH, OPERATING UNDER THE CALIFORNIA HOMEBUILDING FOUNDATION.ESTABLISHED IN THE 1950S, CIRB OFFERS CUSTOMIZED RESEARCH SERVICES THAT ENABLE ORGANIZATIONS TO SEIZE OPPORTUNITIES AND ACHIEVE GROWTH USING DATA-BASED TOOLS AND SERVICES. BY PROVIDING CUSTOMERS WITH VITAL RESIDENTIAL AND NON-RESIDENTIAL INSIGHTS, ITS RESEARCH HAS BECOME A TRUSTED RESOURCE FOR COMPANIES ACROSS A DIVERSE RANGE OF INDUSTRIES, UNIVERSITIES AND VARIOUS STATE AGENCIES. CIRB ADDITIONALLY SPONSORS INDEPENDENT, UNIVERSITY-BASED RESEARCH ON HOUSING-RELATED ISSUES IN CALIFORNIA, PLAYING A CRUCIAL ROLE IN ADDRESSING THE STATES NEED FOR MORE HOUSING AND IS DEDICATED TO THE PROFESSIONAL DEVELOPMENT OF STUDENTS, OFFERING HANDS-ON EXPERIENCE INTERNSHIPS AT SELECTED CALIFORNIA UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Brunson Executive Dir. | Officer | 40 | $122,419 |
Colleen Edwards Life Trustee | Trustee | 0.5 | $0 |
Donna Wetzel Imm. Past Chair | OfficerTrustee | 0.5 | $0 |
Mark Hoover Chair | OfficerTrustee | 0.5 | $0 |
Dan Dunmoyer Secretary | OfficerTrustee | 0.5 | $0 |
Lori Atwater Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consol Subcontractor | 12/30/20 | $1,077,340 |
De Young Properties Subcontractor | 12/30/20 | $436,837 |
Ferguson Enterprises Inc Subcontractor | 12/30/20 | $244,826 |
Opinion Dynamics Subcontractor | 12/30/20 | $175,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $297,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,035 |
| Total Program Service Revenue | $118,677 |
| Investment income | $274,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,076,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,690 |
| Grants and other assistance to domestic individuals. | $170,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,079 |
| Compensation of current officers, directors, key employees. | $25,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,551 |
| Pension plan accruals and contributions | $15,285 |
| Other employee benefits | $71,624 |
| Payroll taxes | $42,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,177 |
| Fees for services: Other | $6,263 |
| Advertising and promotion | $39,973 |
| Office expenses | $52,002 |
| Information technology | $45,442 |
| Royalties | $0 |
| Occupancy | $3,116 |
| Travel | $27,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,365 |
| Insurance | $7,778 |
| All other expenses | $0 |
| Total functional expenses | $1,171,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,988 |
| Savings and temporary cash investments | $1,370,688 |
| Pledges and grants receivable | $1,593,942 |
| Accounts receivable, net | $3,461 |
| 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 | $14,033 |
| Net Land, buildings, and equipment | $124,537 |
| Investments—publicly traded securities | $8,230,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,736,201 |
| Accounts payable and accrued expenses | $192,063 |
| 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 | $192,063 |
| Net assets without donor restrictions | $840,481 |
| Net assets with donor restrictions | $10,703,657 |
| 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 | $11,736,201 |
Grants Awarded
Over the last fiscal year, California Homebuilding Foundation has awarded $91,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BIA NORTHSTATE PURPOSE: Research | $25,000 |
BIA OF THE GREATER VALLEY PURPOSE: Research | $23,850 |
PUBLIC POLICY INSTITUTE OF CA PURPOSE: Research | $15,000 |
SAN DIEGO STATE UNIVERSITY PURPOSE: Department donation | $20,000 |
UC BERKELEY PURPOSE: Department donation | $8,000 |