Home Builders Association Of Central Virginia Inc

Organization Overview

Home Builders Association Of Central Virginia Inc is located in Lynchburg, VA. The organization was established in 1967. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of Central Virginia 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, Home Builders Association Of Central Virginia Inc generated $112.1k 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 (9.5%) each year. All expenses for the organization totaled $119.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND ENHANCE A PROFESSIONAL IMAGE FOR THE ASSOCIATION AND IT'S MEMBERS IN THE EYES OF THE PUBLIC, LOCAL GOVERNMENT, & COMMUNITY LEADERS. THE ORGANIZATION WAS ALSO FORMED TO PROMOTE BUSINESS OPPORTUNITIES FOR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROFESSIONAL ASSOCIATION FOR BUILDERS AND THEIR ASSOCIATES. MEETING AND LECTURES HELD FOR MEMBERS. PUBLISH MONTHLY NEWSLETTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Morgan
Executive Di
$50,000
Laura Francis Borel
Associate Vi
$0
Joe Hepler
Past Preside
$0
Jim Minear
President
$0
Robert O'brien
2nd Vice Pre
$0
Jeff Wieczorek
Secretary/tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$56,533
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$56,533
Total Program Service Revenue$1,915
Investment income $22,363
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,937
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $11,695
Net Income from Gaming Activities $4,152
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $112,091

Grants Awarded

Over the last fiscal year, Home Builders Association Of Central Virginia Inc has awarded $19,000 in support to 2 organizations.

Grant RecipientAmount

JUBILEE FAMILY DEVELOPMENT

|

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$9,500

CHALLENGED SPORTS EXCHANGE

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$9,500
View Grant Profile

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