Home Builders Foundation Of Western Mass Inc
- Assets
- $30.5k
- Revenue
- $3.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 04-3212851
Organization Overview
Home Builders Foundation Of Western Mass Inc is located in Springfield, MA. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Foundation Of Western Mass 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 06/2022, Home Builders Foundation Of Western Mass Inc generated $3.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $8.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT SCHOLARSHIPS TO INDIVIDUALS INTERESTED IN PURSUING A CAREER IN CONSTRUCTION OR A RELATED FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Beaulieu President | 1 | $0 | |
Ken Ritucci 1st Vice Pre | 1 | $0 | |
Zachary Kushner 2nd Vice Pre | 1 | $0 | |
Scott Poulin 3rd Vice Pre | 1 | $0 | |
Richard Kowal Treasurer | 1 | $0 | |
Christopher Grenier Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,925 |
| Total Revenue | $3,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $225 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,670 |
| Total operating and administrative expenses | $1,895 |
| Contributions, gifts, grants paid | $6,739 |
| Total expenses and disbursements | $8,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,266 |
| Savings and temporary cash investments | $17,127 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $112 |
| Other assets | $0 |
| Total assets | $30,505 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $51,981 |
| Total liabilities | $51,981 |
Grants Awarded
Over the last fiscal year, Home Builders Foundation Of Western Mass Inc has awarded $6,739 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ERIC DARRIN PURPOSE: TOOLS | $750 |
SHAWN DONOVAN PURPOSE: TOOLS | $750 |
A'YURI CLARKE PURPOSE: TOOLS | $750 |
DYLAN FIL PURPOSE: TOOLS | $750 |
AVERY HUFFSTATER PURPOSE: TOOLS | $746 |
THOMAS TRAUGH PURPOSE: TOOLS | $744 |