Home Builders & Remodelers Association Of Central Connecticut
- Assets
- $629.1k
- Revenue
- $758.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Rocky Hill, CT
- Founding
- 05/1959
- Data as of
- 12/2022
- EIN
- 06-0661571
Organization Overview
Home Builders & Remodelers Association Of Central Connecticut is located in Rocky Hill, CT. The organization was established in 1959. 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 12/2022, Home Builders & Remodelers Association Of Central Connecticut employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders & Remodelers Association Of Central Connecticut 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 12/2022, Home Builders & Remodelers Association Of Central Connecticut generated $758.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $936.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. 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
THE ADVANCEMENT OF COMMON INTERESTS IN HOME BUILDING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS, CONFERENCES, CONVENTION, EDUCATION AND SEMINARS ARE PROVIDED TO INCREASE MEMBERSHIP AWARENESS OF INDUSTRY ACTIVITIES.
CONNECTICUT HOME SHOW - HOME BUILDERS & REMODELERS ASSOCIATION OF GREATER HARTFORD, INC. SPONSORS THE HOME TRADE SHOW, WHICH PROMOTES PUBLIC AWARENESS OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Dalene Director | Trustee | 1 | $0 |
Liz Koiva Immediate Past President | OfficerTrustee | 5 | $0 |
Ted E Brown President | OfficerTrustee | 5 | $0 |
Alan Hanbury Cgr Caps Cgp Gmr Treasurer | OfficerTrustee | 5 | $0 |
Greg Chandler Director | Trustee | 1 | $0 |
Garret Cook Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,916 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $229,916 |
| Total Program Service Revenue | $463,941 |
| Investment income | -$48,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $758,098 |
| 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. | $208,178 |
| Compensation of current officers, directors, key employees. | $208,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,049 |
| Pension plan accruals and contributions | $11,067 |
| Other employee benefits | $7,974 |
| Payroll taxes | $19,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $5,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $834 |
| Insurance | $0 |
| All other expenses | $199,260 |
| Total functional expenses | $936,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,009 |
| 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 | $61,107 |
| Net Land, buildings, and equipment | $1,975 |
| Investments—publicly traded securities | $367,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $629,060 |
| Accounts payable and accrued expenses | $119,865 |
| Grants payable | $0 |
| Deferred revenue | $328,649 |
| 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 | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $473,514 |
| Net assets without donor restrictions | $150,546 |
| Net assets with donor restrictions | $5,000 |
| 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 | $629,060 |