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← HOME BUILDERS ASSOCIATION OF LEXINGTON

Form 990 for tax year 2024

Filed by HOME BUILDERS ASSOCIATION OF LEXINGTON.

Totals

Total revenue
$1,825,751
Total expenses
$1,717,365
Contributions and grants received
$688,530
Grants paid
$0
Program service revenue
$1,010,156
Investment income
$35,538
Other revenue
$91,527
Total assets, end of year
$3,450,963
Total liabilities, end of year
$2,121,886
Net assets or fund balances, end of year
$1,329,077
Program services expenses (Part IX)
$991,507
Management and general expenses
$725,858
Fundraising expenses
$0
Program service expenses (Part III)
$991,507

Program services were 57.7% 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

    $442,321

  • 1d · Related organizations

    $68,750

  • 1e · Government grants (contributions)

    $28,262

  • 1f · All other contributions, gifts and grants

    $149,197

  • 2a · Program service revenue: TUITION

    total $647,214 · related or exempt $647,214

  • 2b · Program service revenue: MEETINGS AND CONVENTIO

    total $362,942 · related or exempt $362,942

  • 3 · Investment income

    total $35,538 · excluded $35,538

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $91,527 · related or exempt $91,527

  • 11e · Other revenue, total

    $91,527

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $181,085 · program services $144,868 · management and general $36,217

  • 7 · Other salaries and wages

    total $490,100 · program services $420,851 · management and general $69,249

  • 8 · Pension plan contributions

    total $16,127 · program services $12,902 · management and general $3,225

  • 9 · Other employee benefits

    total $76,566 · program services $61,253 · management and general $15,313

  • 10 · Payroll taxes

    total $40,131 · program services $32,105 · management and general $8,026

  • 11b · Fees: legal

    total $6,848 · management and general $6,848

  • 11c · Fees: accounting

    total $25,846 · management and general $25,846

  • 11g · Fees: other

    total $9,672 · management and general $9,672

  • 12 · Advertising and promotion

    total $48,362 · management and general $48,362

  • 13 · Office expenses

    total $112,878 · program services $33,769 · management and general $79,109

  • 14 · Information technology

    total $43,494 · program services $12,178 · management and general $31,316

  • 16 · Occupancy

    total $80,678 · program services $30,117 · management and general $50,561

  • 17 · Travel

    total $14,467 · program services $4,919 · management and general $9,548

  • 19 · Conferences, conventions and meetings

    total $185,849 · program services $185,849

  • 20 · Interest

    total $73,217 · management and general $73,217

  • 22 · Depreciation, depletion and amortization

    total $34,313 · management and general $34,313

  • 23 · Insurance

    total $19,149 · management and general $19,149

  • 24a · Other expenses: BANK FEES

    total $58,888 · management and general $58,888

  • 24b · Other expenses: WORKFORCE DEVELOPMENT

    total $54,759 · program services $52,696 · management and general $2,063

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $49,785 · management and general $49,785

  • 24d · Other expenses: OTHER EXPENSES

    total $48,790 · management and general $48,790

  • 24e · All other expenses

    total $46,361 · management and general $46,361

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $508,401 · end of year $279,819

  • 4 · Accounts receivable

    beginning of year $205,521 · end of year $481,501

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,458 · end of year $26,402

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

    $2,431,902

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

    $563,497

  • 10c · Land, buildings and equipment, net

    beginning of year $1,171,662 · end of year $1,868,405

  • 12 · Investments: other securities

    beginning of year $374,848 · end of year $699,865

  • 13 · Investments: program-related

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,966 · end of year $43,895

  • 19 · Deferred revenue

    beginning of year $446,509 · end of year $623,894

  • 24 · Unsecured notes and loans payable

    beginning of year $564,779 · end of year $1,350,181

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $1,220,691 · end of year $1,329,077

Mission and programs · 2024

Mission

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.

    Expenses $78,684 · Revenue $91,527

  • 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 $726,974 · Revenue $647,214

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

    Expenses $185,849 · Revenue $362,942

As filed on the 2024 return.

Listed in Part VII

  • Brent Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kevin Kerwin

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    5

  • John Atchison

    VP FINANCE/ GOV AFFAIRS CH

    Total calculated
    $0
    Hours/week
    5

  • Joe Palumbo

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stephen Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Graham Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Art Hubbard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Payton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Sell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Keitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Mulberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $181,085
    From this org
    $171,007
    From related orgs
    $0
    Other
    $10,078
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $171,007
    Bonus
    $0
    Other
    $0
    Deferred
    $10,078
    Nontaxable benefits
    $0
    Filer's total
    $181,085

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349309577

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