Quad Cities Builders & Remodelers Association Inc
- Assets
- $579.2k
- Revenue
- $357.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Davenport, IA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 42-0927424
Organization Overview
Quad Cities Builders & Remodelers Association Inc is located in Davenport, IA. The organization was established in 0000. 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 12/2021, Quad Cities Builders & Remodelers Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities Builders & Remodelers Association Inc 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, Quad Cities Builders & Remodelers Association Inc generated $357.8k 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 (3.3%) each year. All expenses for the organization totaled $378.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF HOMEBUILDING AND REMODELING INDUSTRY IN THE QUAD CITY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF HOMEBUILDING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Huffer Past Executive Officer | 40 | $28,472 | |
Lenny Wilkinson President | OfficerTrustee | 1 | $0 |
Amy Pearson Treasurer | OfficerTrustee | 1 | $0 |
Steve Ingleby Past President | OfficerTrustee | 1 | $0 |
Shawn Wright Secretary | OfficerTrustee | 1 | $0 |
Jerry Felsing Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $264,290 |
| Investment income | $36,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,472 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,300 |
| Payroll taxes | $9,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $8,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,620 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,140 |
| Office expenses | $10,819 |
| Information technology | $7,439 |
| Royalties | $0 |
| Occupancy | $23,098 |
| Travel | $3,690 |
| 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 | $1,989 |
| Insurance | $12,219 |
| All other expenses | $11,799 |
| Total functional expenses | $378,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,417 |
| Savings and temporary cash investments | $9,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475 |
| 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 | $1,812 |
| Net Land, buildings, and equipment | $5,514 |
| Investments—publicly traded securities | $520,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,223 |
| Accounts payable and accrued expenses | $736 |
| Grants payable | $0 |
| Deferred revenue | $3,978 |
| 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 | $32,680 |
| Total liabilities | $37,394 |
| Net assets without donor restrictions | $541,829 |
| 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 | $579,223 |
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|---|---|---|
Lutheran Home Belle Plaine, MN | $28,969,103 | $28,215,877 |
Martin Luther Home Corporation Dubuque, IA | $34,357,421 | $17,283,638 |
Apple Canyon Lake Property Owners Association Apple River, IL | $10,186,851 | $3,960,232 |
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
820 W Belle Plaine Cooperative Chicago, IL | $8,052,333 | $2,389,201 |
Building Owners And Managers Association Of Chicago Chicago, IL | $1,459,387 | $2,903,504 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Lake Holiday Property Owners Association Inc Somonauk, IL | $7,075,550 | $2,253,751 |
Carr Square Tenant Corporation Saint Louis, MO | $3,519,634 | $1,262,069 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |