Builders Association Of South Florida Inc
- Assets
- $230.3k
- Revenue
- $416.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Miami Gardens, FL
- Founding
- Data as of
- 12/2021
- EIN
- 35-2436848
Organization Overview
Builders Association Of South Florida Inc, operating under the name (Formerly Florida Atlantic Building Association), is located in Miami Gardens, FL. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, (Formerly Florida Atlantic Building Association) employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. (Formerly Florida Atlantic Building Association) 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, (Formerly Florida Atlantic Building Association) generated $416.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $366.9k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, PRESERVE, AND MAINTAIN A FAVORABLE ENVIRONMENT IN WHICH THE BUILDING INDUSTRY CAN PROSPER IN FLORIDA BY MAINTAINING HIGH STANDARDS IN BUILDING THROUGH SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES THE BUILDERS' ASSOCIATION OF SOUTH FLORIDA HAS BECOME THE PREMIER ASSOCIATION REPRESENTING THE HOMEBUILDING INDUSTRY IN SOUTH FLORIDA PROVIDING A PLATFORM FOR SINGLE FAMILY, MULTIFAMILY, AND HIGH RISE RESIDENTIAL BUILDERS AND DEVELOPERS AND THOSE THAT SUPPORT THEM FOR COMMUNICATIONS, KNOWLEDGE TRANSFER, EDUCATION AND SHOWCASING THEIR PRODUCTS. DUES FUND IN EXCESS OF 90% OF THE ORGANIZATION'S EXPENSES & ACTIVITIES. THE REVENUES ABOVE ARE THE DUES PAID BY OUR MEMBERS.
CONVERSATIONS WITH NATIONAL LEADERS DURING THE PANDEMIC THE ORGANIZATION WAS UNABLE TO HOLD ITS NORMAL MONTHLY MEETINGS AND MAJOR EVENTS. TO COMBAT THE IMPACT OF THE PANDEMIC SHUTDOWN, BASF DEVELOPED THE CONVERSATIONS WITH NATIONAL LEADERS PROGRAM UTILIZING ZOOM TECHNOLOGIES TO KEEP OUR MEMBERSHIP ENGAGED IN THE ISSUES PERTINENT TO OUR INDUSTRY. THE FIRST OF THESE WAS PRESENTED ON 10/26/2020, WITH HUD SECRETARY, BEN CARLSON, AND OTHER NATIONAL, STATE, AND LOCAL LEADERS. REVENUES WERE FROM SPONSORING MEMBERS.
INSTALLATION OF OFFICERS AND DIRECTS EVENT THIS EVENT, HELD WHEN A NEW PRESIDENT ASSUMES OFFICE, INCLUDES THE FORMAL INDUCTION OF NEW OFFICERS AND DIRECTORS. IT ALSO IS THE FORUM USED TO HONOR SPECIAL ACCOMPLISHMENTS OF BASF MEMBERS,INDUSTRY LEADERS AND GOVERNMENT OFFICIALS ASSOCIATED WITH THE HOMEBUILDING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Truly Burton Executive Officer | Officer | 40 | $166,684 |
Jose Gonzalez Director/president | OfficerTrustee | 15 | $0 |
Carolina Herrera Director/past President | OfficerTrustee | 5 | $0 |
Jim Werle Director/sec- Treas | OfficerTrustee | 4 | $0 |
Nelson Stabile Director/v.p | OfficerTrustee | 3 | $0 |
Alex Ballina Director/v.p. | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,794 |
| 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 | $344,794 |
| Total Program Service Revenue | $70,770 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $419 |
| 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 | $415,983 |
| 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. | $220,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,447 |
| Fees for services: Management | $55,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,956 |
| Office expenses | $3,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,324 |
| Travel | $3,322 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $18,710 |
| Total functional expenses | $366,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $1,099 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,844 |
| Total assets | $230,297 |
| Accounts payable and accrued expenses | $3,799 |
| 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 | $3,799 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $177,441 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $49,057 |
| Total liabilities and net assets/fund balances | $230,297 |
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