Civic Intelligence

Hba Charitable & Educational Foundation

990 • Fiscal year 2021 • EIN 38-3025307

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 27, 2022

30400 Telegraph Rd Suite 202Bingham Farms, MI 48025

(248) 737-4477

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

57th percentile

17%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

34th percentile

2.0%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

290%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$605,576

Up $12,078 (+2.0%) from 2020

Net Assets

Up

$605,054

Up $11,556 (+1.9%) from 2020

Liabilities

Up

$522

Up $522 from 2020

Revenue

Up

$68,620

Up $51,024 (+290%) from 2020

Expenses

Up

$57,064

Up $23,364 (+69%) from 2020

Net Income

Up

$11,556

Up $27,660 (+172%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2018: $648,585Liabilities 2018: $3,000Net Assets 2018: $645,5852018Assets 2019: $609,602Liabilities 2019: $0Net Assets 2019: $609,6022019Assets 2020: $593,498Liabilities 2020: $0Net Assets 2020: $593,4982020Assets 2021: $605,576Liabilities 2021: $522Net Assets 2021: $605,0542021Assets 2022: $485,943Liabilities 2022: $12,000Net Assets 2022: $473,9432022Assets 2023: $441,048Liabilities 2023: $3,000Net Assets 2023: $438,0482023Assets 2024: $370,725Liabilities 2024: $3,000Net Assets 2024: $367,7252024

Highlighted filing

2021

Assets$605,576
Liabilities$522
Net Assets$605,054

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $430,001Expenses 2018: $30,866Net Income 2018: $399,1352018Revenue 2019: $31,328Expenses 2019: $67,311Net Income 2019: -$35,9832019Revenue 2020: $17,596Expenses 2020: $33,700Net Income 2020: -$16,1042020Revenue 2021: $68,620Expenses 2021: $57,064Net Income 2021: $11,5562021Revenue 2022: $34,609Expenses 2022: $165,720Net Income 2022: -$131,1112022Revenue 2023: $35,033Expenses 2023: $70,928Net Income 2023: -$35,8952023Revenue 2024: $34,044Expenses 2024: $104,367Net Income 2024: -$70,3232024

Highlighted filing

2021

Revenue$68,620
Expenses$57,064
Net Income$11,556
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 27, 2022
Return Version
2021v4.0
Gross Receipts
$68,620
Mission and Program Overview

Mission

To engage in activities to promote and to improve the availability of housing opportunities for all persons, to combat community deterioration, and to inform and to educate the general public and members of the construction and property management industry on issues affecting the availability of housing opportunities so that the general welfare of the southeastern area of the state of michigan shall be enhanced and improved and to engage in such additional charitable, educational and scientific activities within the meaning of section 501 (c) (3) of the code as the board of trustees may from time to time determine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$185,973$208,499▲ $22,526
Accounts Receivable$250--
Total Assets$593,498$605,576▲ $12,078
Other Assets Total$407,275$397,077▼ $10,198
Liabilities
Accounts Payable and Accrued Expenses-$522-
Total Liabilities$0$522▲ $522
Net Assets / Fund Balance
Net Assets With Donor Restrictions$407,275$397,077▼ $10,198
Net Assets Without Donor Restrictions$186,223$207,977▲ $21,754
Total Net Assets Fund Balance$593,498$605,054▲ $11,556
Total Liabilities and Net Assets / Fund Balance$593,498$605,576▲ $12,078

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$397,077--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$407,275-▲ $2,302$12,500$397,077
2020$407,139-▲ $136-$407,275
2019$407,139---$407,139
2018-$406,739▲ $400-$407,139
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter BurtonPresident
Benjamin TempletonBoard Member
Bernard GliebermanBoard Member
Darshan GrewalBoard Member
David Compo EndedBoard Member
Dominic J Moceri EndedBoard Member
James ClarkeBoard Member
Larry CohenBoard Member
Mary FowlieBoard Member
Noreen KeatingBoard Member
Norman FinkelsteinBoard Member
Richard KomerBoard Member
Stuart Michaelson EndedBoard Member
William FreemanBoard Member
William PhillipsBoard Member
Michael StoskopfExecutive of
Robert M TedescoImm. Past Pr
Bernie GliebermanTreasurer
Bill FreemanTreasurer
Rino SoaveVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$65,144
Program Service Revenue
$0
Investment Income
$3,476
Other Revenue
$0
All Other Contributions
$65,144
Change in Net Assets
$11,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$53,000
Other Expenses$4,064
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$37,500--$37,500
Grants to Domestic Individuals$15,500--$15,500
Office Expenses$2,514$486-$3,000
Fees for Services Accounting-$735-$735
Other Expenses$329--$329
Total Functional Expenses$55,843$1,221$0$57,064
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Habitat for HumanityAtlanta, GA501c3Housing$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to the executive officer and association cfo for review and approval prior to being filed.

Form 990, Page 6, Part VI, Line 12C

Procedures to manage conflicts: for each interest disclosed, the executive committee will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or, if the person refuses to resign, become subject to possible removal in accordance with the organizations removal procedures. The organizations executive officer and cfo will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the executive committee in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Page 6, Part VI, Line 15A

No compensation paid through the foundation.

Form 990, Page 6, Part VI, Line 15B

No compensation paid through the foundation.

Form 990, Page 6, Part VI, Line 19

All governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hba Charitable & Educational
EIN
38-3025307
Address
30400 TELEGRAPH RD SUITE 202, BINGHAM FARMS, MI 48025

Signing Officer

Name
Forrest Wall
Title
Executive Director
Phone
3487374477
Signed
2022-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Forrest Wall
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Yeo & Yeo Pc
Address
822 CENTENNIAL WAY STE 250, LANSING, MI 48917
Preparer
Bradley M Devries
Phone
5173239500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To engage in activities to promote and to improve the availability of housing opportunities for all persons, to combat community deterioration, and to inform and to educate the general public and members of the construction and property management industry on issues affecting the availability of housing opportunities so that the general welfare of the southeastern area of the state of michigan shall be enhanced and improved and to engage in such additional charitable, educational and scientific activities within the meaning of section 501 (c) (3) of the code as the board of trustees may from time to time determine.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE OF
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IRS990/MissionDesc0TO ENGAGE IN ACTIVITIES TO PROMOTE AND TO IMPROVE THE AVAILABILITY OF HOUSING OPPORTUNITIES FOR ALL PERSONS, TO COMBAT COMMUNITY DETERIORATION, AND TO INFORM AND TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE CONSTRUCTION AND PROPERTY MANAGEMENT INDUSTRY ON ISSUES AFFECTING THE AVAILABILITY OF HOUSING OPPORTUNITIES SO THAT THE GENERAL WELFARE OF THE SOUTHEASTERN AREA OF THE STATE OF MICHIGAN SHALL BE ENHANCED AND IMPROVED AND TO ENGAGE IN SUCH ADDITIONAL CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE CODE AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DETERMINE.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HABITAT FOR HUMANITY
IRS990ScheduleI/RecipientTable/RecipientEIN0911914868
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0285 PEACHTREE CENTER AVE NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE 2700
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENGAGE IN ACTIVITIES TO PROMOTE AND TO IMPROVE THE AVAILABILITY OF HOUSING OPPORTUNITIES FOR ALL PERSONS, TO COMBAT COMMUNITY DETERIORATION, AND TO INFORM AND TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE CONSTRUCTION AND PROPERTY MANAGEMENT INDUSTRY ON ISSUES AFFECTING THE AVAILABILITY OF HOUSING OPPORTUNITIES SO THAT THE GENERAL WELFARE OF THE SOUTHEASTERN AREA OF THE STATE OF MICHIGAN SHALL BE ENHANCED AND IMPROVED AND TO ENGAGE IN SUCH ADDITIONAL CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE CODE AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DETERMINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE EXECUTIVE OFFICER AND ASSOCIATION CFO FOR REVIEW AND APPROVAL PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCEDURES TO MANAGE CONFLICTS: FOR EACH INTEREST DISCLOSED, THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATIONS REMOVAL PROCEDURES. THE ORGANIZATIONS EXECUTIVE OFFICER AND CFO WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE EXECUTIVE COMMITTEE IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATION PAID THROUGH THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION PAID THROUGH THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOME BUILDERS ASSOCIATION OF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0SOUTHEASTERN MICHIGAN INC

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