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Nonprofiteer
← HOME BUILDERS ASSOCIATION OF LEXINGTON

Form 990 for tax year 2022

Filed by HOME BUILDERS ASSOCIATION OF LEXINGTON.

Totals

Total revenue
$1,482,248
Total expenses
$1,273,096
Contributions and grants received
$634,109
Grants paid
$0
Program service revenue
$687,307
Investment income
$36,711
Other revenue
$124,121
Total assets, end of year
$1,721,394
Total liabilities, end of year
$744,769
Net assets or fund balances, end of year
$976,625
Program services expenses (Part IX)
$876,945
Management and general expenses
$396,151
Fundraising expenses
$0
Program service expenses (Part III)
$876,945

Program services were 68.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $452,965

  • 1d · Related organizations

    $148,000

  • 1e · Government grants (contributions)

    $13,500

  • 1f · All other contributions, gifts and grants

    $19,644

  • 2a · Program service revenue: TUITION

    total $353,401 · related or exempt $353,401

  • 2b · Program service revenue: MEETINGS AND CONVENTIO

    total $333,906 · related or exempt $333,906

  • 3 · Investment income

    total $1,203 · excluded $1,203

  • 7a · Gross sales of assets other than inventory

    other assets $969,900

  • 7b · Less cost or other basis and sales expenses

    other assets $934,392

  • 7c · Gain or loss

    other assets $35,508

  • 7d · Net gain or loss

    total $35,508 · related or exempt $35,508

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $124,121 · related or exempt $124,121

  • 11e · Other revenue, total

    $124,121

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $593,230 · program services $593,230

  • 9 · Other employee benefits

    total $67,333 · management and general $67,333

  • 11b · Fees: legal

    total $8,412 · program services $600 · management and general $7,812

  • 11c · Fees: accounting

    total $8,305 · management and general $8,305

  • 12 · Advertising and promotion

    total $24,062 · management and general $24,062

  • 13 · Office expenses

    total $20,502 · program services $13,338 · management and general $7,164

  • 14 · Information technology

    total $29,738 · program services $6,588 · management and general $23,150

  • 16 · Occupancy

    total $12,600 · program services $12,600

  • 17 · Travel

    total $13,011 · program services $4,493 · management and general $8,518

  • 19 · Conferences, conventions and meetings

    total $9,062 · program services $155 · management and general $8,907

  • 20 · Interest

    total $4,021 · management and general $4,021

  • 22 · Depreciation, depletion and amortization

    total $52,646 · management and general $52,646

  • 23 · Insurance

    total $14,590 · program services $292 · management and general $14,298

  • 24a · Other expenses: EVENTS

    total $226,379 · program services $226,379

  • 24b · Other expenses: DUES

    total $70,686 · management and general $70,686

  • 24c · Other expenses: BANK FEES

    total $40,135 · management and general $40,135

  • 24d · Other expenses: UTILITIES

    total $38,476 · program services $13,598 · management and general $24,878

  • 24e · All other expenses

    total $39,908 · program services $5,672 · management and general $34,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $707,143 · end of year $659,052

  • 4 · Accounts receivable

    beginning of year $46,023 · end of year $206,241

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,511 · end of year $27,394

  • 10a · Land, buildings and equipment: cost or other basis

    $1,102,566

  • 10b · Land, buildings and equipment: accumulated depreciation

    $493,621

  • 10c · Land, buildings and equipment, net

    beginning of year $346,225 · end of year $608,945

  • 12 · Investments: other securities

    beginning of year $124,221 · end of year $124,791

  • 13 · Investments: program-related

    beginning of year $567,095 · end of year $94,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,768 · end of year $112,106

  • 19 · Deferred revenue

    beginning of year $280,977 · end of year $384,513

  • 24 · Unsecured notes and loans payable

    beginning of year $745,000 · end of year $144,234

  • 25 · Other liabilities

    beginning of year $0 · end of year $103,916

  • 27 · Net assets without donor restrictions

    beginning of year $767,473 · end of year $976,625

Mission and programs · 2022

Mission

TO PROMOTE, IN ALL RESPECTS THE HOME BUILDING INDUSTRY IN CENTRAL KENTUCKY.

Activities or mission (Part I)

TO PROMOTE, IN ALL RESPECTS, THE HOME BUILDING INDUSTRY IN CENTRAL KENTUCKY.

  • BUILDER CO, LLC. - A WHOLLY-OWNED SUBSIDIARY ESTABLISHED FOR THE PURPOSE OF CONSTRUCTING HOMES TO PROMOTE THE MISSION OF THE HOME BUILDERS ASSOCIATION AND TO ASSIST WITH BUILDING, REMODELING & IMPROVEMENT PROJECTS.

    Revenue $50,570

  • BUILDING INSTITUTE OF CENTRAL KENTUCKY - EDUCATION FOR THOSE WHO WISH TO EXCEL IN THE SKILLED TRADES RELATED TO THE RESIDENTIAL AND COMMERCIAL CONSTRUCTION INDUSTRY.

    Expenses $305,346 · Revenue $353,401

  • MEETINGS AND CONVENTIONS - HELD TO HELP FURTHER THE PROFESSIONAL DEVELOPMENT OF MEMBERS.

    Expenses $571,599 · Revenue $333,906

  • OTHER PROGRAMS OF THE ASSOCIATION

    Revenue $109,059

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nick Keitz

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Drew Brester

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Joe Palumbo

    PRESIDENT ELECT/ GA

    Total calculated
    $0
    Hours/week
    5

  • Stephen Howard

    REGIONAL LIASION

    Total calculated
    $0
    Hours/week
    1

  • Christy Helton

    MEMBERSHIP COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Graham Jones

    EVENTS/ REVENUE GROWTH

    Total calculated
    $0
    Hours/week
    1

  • Chip Foley

    GTOWN

    Total calculated
    $0
    Hours/week
    1

  • Kevin Kerwin

    MEMBERSHIP/ HOE

    Total calculated
    $0
    Hours/week
    1

  • Brent Anderson

    VP FINANCE/ RMC LIASION

    Total calculated
    $0
    Hours/week
    5

  • John Atchison

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ray Ball

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mac Crawford

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bill Hodges

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tom Kelley

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Thornton

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Shirley Wiseman

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Todd Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $177,258
    From this org
    $156,906
    From related orgs
    $0
    Other
    $20,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,906
    Bonus
    $0
    Other
    $0
    Deferred
    $7,971
    Nontaxable benefits
    $12,381
    Filer's total
    $177,258

  • Emily Payton

    MEMBERSHIP COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Crystal Geis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Stover

    BUILDING INSTITUTE

    Total calculated
    $0
    Hours/week
    1

  • Mike Cravens

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BIA EDUCATION FOUNDATION INC

    501(C)(3) · EDUCATIONAL INSTITUTION OF SKILLED TRADES · KY · controlled entity

    Directly controlled by HOME BUILDERS ASSOCIATION OF LEXINGTON

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343199349301594

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