Home Builders Association Of Metropolitan Denver
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Centennial, CO
- Founding
- 04/1959
- Data as of
- 12/2021
- EIN
- 84-0373803
Organization Overview
Home Builders Association Of Metropolitan Denver is located in Centennial, CO. The organization was established in 1959. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter 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 Metropolitan Denver 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 Metropolitan Denver generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
ORGANIZED FOR THE PURPOSE OF IMPROVING CONDITIONS IN THE HOME BUILDING INDUSTRY, THEREBY ASSISTING IN THE IMPROVEMENT OF THE SOCIAL, POLITICAL, AND ECONOMIC CONDITIONS IN BOTH THE DENVER METROPOLITAN REGION AND THE STATE OF COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDER AND MEMBER EVENT PRESENTED TO THE PUBLIC FOR THE PURPOSE OF SHOWCASING THE MOST RECENT BUILDING TECHNIQUES AND PRODUCTS AVAILABLE IN THE INDUSTRY. THE COVID-19 PANDEMIC HAD A NEGATIVE EFFECT ON THE OPERATIONS OF THE METRO DENVER HOME BUILDERS ASSOCIATION IN 2020, PRIMARILY BY LIMITING THE NUMBER OF IN-PERSON PROGRAM EVENTS AND THE CANCELLATION OF MAJOR ANNUAL EVENTS THAT WOULD OTHERWISE CONTRIBUTE TO THE HBA'S BOTTOM LINE. THIS REDUCED BOTH PROGRAM REVENUE AND EXPENSE SIGNIFICANTLY FROM PRIOR YEARS AND ELIMINATED ANY PROFIT CONTRIBUTION ASSOCIATED WITH THESE EVENTS. AS A RESULT, THE HBA QUALIFIED FOR AN SBA EIDL GRANT IN THE AMOUNT OF $4,000 AND AN SBA EIDL LOAN IN THE AMOUNT OF $150,000. THE PPP LOAN WAS FORGIVEN IN 2021 AS THE PROCEEDS WERE USED FOR ELIGIBLE PURPOSES.
SEMINARS, MEETINGS, AND DINNERS HELD TO EDUCATE AND INFORM OUR MEMBERS ABOUT CURRENT DEVELOPMENTS, ISSUES AND TRENDS IN THE HOME BUILDING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Leighty Chief Executive Officer | Officer | 40 | $165,870 |
Constance Dahl Director Of Communications & Marketing | 40 | $115,504 | |
Morgan Cullen Director Of Government Affairs | 40 | $107,756 | |
Angela Harris President | OfficerTrustee | 2 | $0 |
Randy Carpenter Vice President/secretary | OfficerTrustee | 2 | $0 |
Heidi Tackett Council Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,114,594 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,520 |
| 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 | $1,227,114 |
| Total Program Service Revenue | $541,099 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,786,767 |
| 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. | $168,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,305 |
| Pension plan accruals and contributions | $8,002 |
| Other employee benefits | $52,233 |
| Payroll taxes | $43,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,867 |
| Fees for services: Accounting | $23,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,152 |
| Advertising and promotion | $87,820 |
| Office expenses | $53,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,341 |
| Travel | $3,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,907 |
| Interest | $4,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,160 |
| Insurance | $4,805 |
| All other expenses | $0 |
| Total functional expenses | $1,544,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,235,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,694 |
| 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 | $41,885 |
| Net Land, buildings, and equipment | $12,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600 |
| Total assets | $1,428,765 |
| Accounts payable and accrued expenses | $138,489 |
| Grants payable | $0 |
| Deferred revenue | $213,818 |
| 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 | $150,000 |
| Total liabilities | $502,307 |
| Net assets without donor restrictions | $926,458 |
| 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 | $1,428,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West And Southeast Realtors Of The Valley Inc Chandler, AZ | $16,716,149 | $4,817,480 |
Arizona Multi-Housing Association Phoenix, AZ | $5,772,889 | $3,833,501 |
Home Builders Association Of Utah Draper, UT | $4,082,547 | $3,740,603 |
Kansas Association Of Realtors Topeka, KS | $4,463,853 | $2,571,863 |
New Mexico Association Of Realtors Santa Fe, NM | $9,229,177 | $2,572,562 |
Utah Central Association Of Realtor Orem, UT | $14,924,046 | $2,344,429 |
Home Builders Association Of Metropolitan Denver Centennial, CO | $1,428,765 | $1,786,767 |
Electric League Of Arizona Phoenix, AZ | $2,581,504 | $1,627,774 |
Nebraska Realtors Association Lincoln, NE | $2,783,155 | $1,717,421 |
Housing & Building Association Of Colorado Springs Colorado Springs, CO | $1,762,666 | $1,429,314 |
Utah Valley Home Builders Association Vineyard, UT | $3,715,076 | $1,401,758 |
Oklahoma State Home Builders Association Oklahoma City, OK | $1,812,093 | $666,363 |