Home Builders Association Of Ms
- Assets
- $2.8m
- Revenue
- $537.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Ridgeland, MS
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 64-0536221
Organization Overview
Home Builders Association Of Ms is located in Ridgeland, MS. The organization was established in 1975. 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. As of 12/2022, Home Builders Association Of MS employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Builders Association Of MS 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 12/2022, Home Builders Association Of MS generated $537.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $536.0k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOME BUILDERS ASSOCIATION OF MISSISSIPPI (HBAM) IS A TRADE ORGANIZATION WHICH ASSISTS HOME BUILDERS IN MISSISSIPPI BY PROMOTING, ADVANCING AND PROTECTING THE HOUSING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING, ADVANCING AND PROTECTING THE HOUSING INDUSTRY THROUGH ADVOCACY AND EDUCATION FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles P Nelson Executive VP | Officer | 40 | $100,000 |
Kyle Hamlett President | OfficerTrustee | 2 | $0 |
Brad Baggett Secretary/tr | OfficerTrustee | 2 | $0 |
Deborah Migues Associates V | OfficerTrustee | 2 | $0 |
Carl Sandberg Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,570 |
| 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 | $134,570 |
| Total Program Service Revenue | $84,726 |
| Investment income | $60,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $74,552 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,071 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,511 |
| Pension plan accruals and contributions | $4,175 |
| Other employee benefits | $6,931 |
| Payroll taxes | $16,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,876 |
| Fees for services: Accounting | $5,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,142 |
| Fees for services: Other | $3,975 |
| Advertising and promotion | $0 |
| Office expenses | $29,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,903 |
| Travel | $73,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,662 |
| Insurance | $15,429 |
| All other expenses | $2,100 |
| Total functional expenses | $536,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,079 |
| Savings and temporary cash investments | $411,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,455 |
| 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 | $719,613 |
| Investments—publicly traded securities | $1,599,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,775,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,968 |
| Total liabilities | $13,968 |
| Net assets without donor restrictions | $2,761,577 |
| 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 | $2,775,545 |
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