Moore County Homebuilders Association Inc
- Assets
- $473.1k
- Revenue
- $135.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Pinehurst, NC
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 56-1215226
Organization Overview
Moore County Homebuilders Association Inc is located in Pinehurst, NC. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Moore County Homebuilders Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moore County Homebuilders 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, Moore County Homebuilders Association Inc generated $135.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $168.7k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
PROMOTE AND IMPROVE THE LOCAL BUILDING INDUSTRY THROUGH EDUCATION AND PUBLIC AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER PROGRAM SERVICES PROMOTES AND IMPROVES THE LOCAL BUILDING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Nash Executive Officer | Officer | 40 | $55,962 |
Brandon Haddock President | OfficerTrustee | 5 | $0 |
Dustin Adams President Elect | OfficerTrustee | 5 | $0 |
John Potter Vice President | OfficerTrustee | 5 | $0 |
Martin Hovland Past President | OfficerTrustee | 5 | $0 |
Daniel Bureau Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,880 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,659 |
| Total Program Service Revenue | $0 |
| Investment income | $567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $700 |
| Net Income from Fundraising Events | $20,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,818 |
| 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. | $71,622 |
| Compensation of current officers, directors, key employees. | $71,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $275 |
| Office expenses | $1,047 |
| Information technology | $4,972 |
| Royalties | $0 |
| Occupancy | $14,006 |
| 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 | $1,054 |
| Insurance | $1,917 |
| All other expenses | $4,316 |
| Total functional expenses | $168,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,868 |
| Savings and temporary cash investments | $300,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,020 |
| Net Land, buildings, and equipment | $162,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $473,092 |
| Accounts payable and accrued expenses | $11,898 |
| Grants payable | $0 |
| Deferred revenue | $38,900 |
| 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 | $50,798 |
| Net assets without donor restrictions | $422,294 |
| 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 | $473,092 |
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