Building Industry Association Of Okaloosa-Walton Counties Inc
- Assets
- $461.9k
- Revenue
- $254.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Walton Beach, FL
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 59-1900233
Organization Overview
Building Industry Association Of Okaloosa-Walton Counties Inc is located in Fort Walton Beach, FL. The organization was established in 1980. 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, Building Industry Association Of Okaloosa-Walton Counties Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Industry Association Of Okaloosa-Walton Counties 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, Building Industry Association Of Okaloosa-Walton Counties Inc generated $254.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $301.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
THE BUILDING INDUSTRY ASSOCIATION OF OKALOOSA-WALTON COUNTIES IS A PROFESSIONAL ORGANIZATION OF BUILDERS, DEVELOPERS AND ASSOCIATES AFFILIATED WITH THE FLORIDA HOME BUILDERS ASSOCIATION AND THE NATIONAL ASSOCIATION OF HOME BUILDERS. THE BIA SERVES THE CONSTRUCTION INDUSTRY AND THE COMMUNITIES AND GOVERNMENT AGENCIES IN THE AREA BY: PROVIDING INFORMATION, EDUCATION AND RESOURCES; PROVIDING LEADERSHIP TO UNIFY THE INDUSTRY; SERVING AS THE VOICE OF THE CONSTRUCTION INDUSTRY; PROMOTING HOME OWNERSHIP; AND SERVING AS THE LINK FOR MEMBERS BETWEEN FHBA AND NAHB. THE BIA WILL CONTINUALLY STRIVE TO INCREASE MEMBERSHIP SO AS TO REMAIN THE SOURCE OF CONSTRUCTION INDUSTRY INFORMATION, AND AN EFFECTIVE SERVICE PROVIDER TO ITS MEMBERS. THE BUILDING INDUSTRY ASSOCIATION OF OKALOOSA AND WALTON COUNTIES, INC. (BIA) IS A PROFESSIONAL ORGANIZATION OF BUILDERS, DEVELOPERS, AND ASSOCIATES AFFILIATED WITH THE FLORIDA HOME BUILDERS ASSOCIATION AND THE NATIONAL ASSOCIATION OF HOME BUILDERS SERVICING AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARADE OF HOMES - FEATURES OPEN HOUSES SPREAD ACROSS OKALOOSA AND WALTON COUNTIES
SPRING HOME SHOW - OFFERS NEW AND EXCITING PRODUCTS AND INFORMATIONAL SEMINARS
APEX AWARDS, MEMBERSHIP MEETINGS, COMMUNITY AFFAIRS, AND CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Alan Baggett Executive Vice President | Officer | 40 | $72,431 |
David Armacost Secretary | OfficerTrustee | 0.5 | $0 |
Terry Hymel Treasurer | Officer | 1.5 | $0 |
Jason Carducci First Vice President | Officer | 1.5 | $0 |
Michelle Boerstler Past Second Vice President | Officer | 1.5 | $0 |
Jeremy Stewart Past President | Officer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,854 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,109 |
| Total Program Service Revenue | $45,610 |
| Investment income | $144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,408 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,498 |
| Advertising and promotion | $0 |
| Office expenses | $5,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,241 |
| Travel | $551 |
| 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 | $4,935 |
| Insurance | $0 |
| All other expenses | $100,128 |
| Total functional expenses | $301,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,563 |
| Savings and temporary cash investments | $356,822 |
| 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 | $0 |
| Net Land, buildings, and equipment | $71,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $461,880 |
| Accounts payable and accrued expenses | $3,726 |
| 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 | $149,900 |
| Total liabilities | $153,626 |
| Net assets without donor restrictions | $300,487 |
| Net assets with donor restrictions | $7,767 |
| 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 | $461,880 |
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|---|---|---|
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Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |