Greater Montgomery Home Builders Association Inc
- Assets
- $2.0m
- Revenue
- $534.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Montgomery, AL
- Founding
- 03/1957
- Data as of
- 12/2021
- EIN
- 63-0333531
Organization Overview
Greater Montgomery Home Builders Association Inc is located in Montgomery, AL. The organization was established in 1957. 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, Greater Montgomery Home Builders Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Montgomery Home Builders 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, Greater Montgomery Home Builders Association Inc generated $534.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $420.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
WE ARE A TRUSTED COMMUNITY RESOURCE THAT PROMOTES PROFESSIONALISM IN THE HOME BUILDING INDUSTRY BY PROVIDING EDUCATION, LEGISLATIVE OVERSIGHT, MARKETING AND NETWORKING OPPORTUNITIES TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID RESTRICTIONS, THIS EVENT WAS NOT CONDUCTED IN 2021. PARADE OF HOMES EVENT CONDUCTED ANNUALLY IN JUNE. THIS PROGRAM PROVIDES BUILDERS THE OPPORTUNITY TO CONSTRUCT HOMES IN THE GREATER MONTGOMERY AREA FOR DISPLAY AND SALE TO THE GENERAL PUBLIC. APPROXIMATELY 60 HOMES ARE BUILT FOR THE PARADE. IN ADDITION TO THE BUILDERS, SERVICE PROVIDERS RELATED TO RESIDENTIAL BUILDING HAVE THE OPPORTUNITY TO MARKET THEIR PRODUCTS IN RELATION TO THE HOMES.
DUE TO COVID RESTRICTIONS, THIS EVENT WAS NOT CONDUCTED IN 2021. THE HOME EXPO EVENT IS CONDUCTED ANNUALLY FOR RESIDENTIAL BUILDERS AND SERVICE PROVIDERS RELATED TO RESIDENTIAL BUILDING TO SHOWCASE THEIR BUSINESSES AND PRODUCTS TO THE GENERAL PUBLIC. 100 VENDORS PARTICIPATED IN THIS THREE DAY EVENT WITH APPROXIMATELY 4,500 PEOPLE ATTENDING.
MONTHLY MEETINGS HELD FOR THE PURPOSE OF MEMBER NETWORKING AND DISSEMINATING INFORMATION TO THE MEMBERS ON ISSUES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Allen Executive Director | Officer | 40 | $60,158 |
Coleman Farrior Treasurer | OfficerTrustee | 1 | $0 |
Jim Mathews 2nd VP | OfficerTrustee | 1 | $0 |
Jimmy Adams Immediate Past President | OfficerTrustee | 0.1 | $0 |
David Strickland 1st VP | OfficerTrustee | 1 | $0 |
Chris Kimbro President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $227,770 |
| Fundraising events | $79,776 |
| Related organizations | $0 |
| Government grants | $80,065 |
| 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 | $387,611 |
| Total Program Service Revenue | $39,865 |
| Investment income | $23,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $34,413 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,092 |
| Net Income from Fundraising Events | -$2,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,042 |
| 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 | $3,699 |
| Compensation of current officers, directors, key employees. | $66,901 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,718 |
| Payroll taxes | $14,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,166 |
| Fees for services: Other | $0 |
| Advertising and promotion | $558 |
| Office expenses | $45,584 |
| Information technology | $9,475 |
| Royalties | $0 |
| Occupancy | $26,992 |
| Travel | $23,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,077 |
| Insurance | $5,137 |
| All other expenses | $1,471 |
| Total functional expenses | $420,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,423 |
| Savings and temporary cash investments | $37,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,839 |
| 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 | $13,038 |
| Net Land, buildings, and equipment | $414,073 |
| Investments—publicly traded securities | $1,091,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,019,923 |
| Accounts payable and accrued expenses | $62,479 |
| Grants payable | $0 |
| Deferred revenue | $14,500 |
| 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 | $3,561 |
| Total liabilities | $80,540 |
| Net assets without donor restrictions | $1,939,383 |
| 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 | $2,019,923 |
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