Civic Intelligence

Homebuilders Association of Delaware Inc

EIN 51-0072963 • 501(c)6 • Dover, DE

Profile

Encourage high professional standards and sound business methods among its members, secure cooperative action in advancing the common purposes of its members, uniformity and equity in business usage and laws and proper consideration of opinion upon questions affecting the home building industry within the jurisdiction of this association.

109 E Division StreetDover, DE 19901

www.hbade.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.09x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-8.7%

Higher net margin than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-6.1%

Faster asset growth than 42% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

4.3%

Faster revenue growth than 59% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$254,656

Down $16,663 (-6.1%) from 2023

Liabilities

Up

$34,222

Up $16,973 (+98%) from 2023

Net Assets

Down

$220,434

Down $33,636 (-13%) from 2023

Revenue

Up

$384,769

Up $16,018 (+4.3%) from 2023

Expenses

Up

$418,405

Up $12,671 (+3.1%) from 2023

Net Income

Up

-$33,636

Up $3,347 (+9.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $1,083,870Liabilities 2010: $296,141Net Assets 2010: $787,7292010Assets 2011: $1,037,310Liabilities 2011: $284,736Net Assets 2011: $752,5742011Assets 2012: $1,094,537Liabilities 2012: $316,011Net Assets 2012: $778,5262012Assets 2013: $931,829Liabilities 2013: $283,372Net Assets 2013: $648,4572013Assets 2014: $925,161Liabilities 2014: $272,668Net Assets 2014: $652,4932014Assets 2015: $1,003,159Liabilities 2015: $281,149Net Assets 2015: $722,0102015Assets 2016: $949,423Liabilities 2016: $247,284Net Assets 2016: $702,1392016Assets 2017: $740,382Liabilities 2017: $88,202Net Assets 2017: $652,1802017Assets 2018: $286,631Liabilities 2018: $25,668Net Assets 2018: $260,9632018Assets 2019: $285,940Liabilities 2019: $13,143Net Assets 2019: $272,7972019Assets 2020: $247,351Liabilities 2020: $9,384Net Assets 2020: $237,9672020Assets 2021: $252,524Liabilities 2021: $7,249Net Assets 2021: $245,2752021Assets 2022: $295,762Liabilities 2022: $4,709Net Assets 2022: $291,0532022Assets 2023: $271,319Liabilities 2023: $17,249Net Assets 2023: $254,0702023Assets 2024: $254,656Liabilities 2024: $34,222Net Assets 2024: $220,4342024

Highlighted filing

2024

Assets$254,656
Liabilities$34,222
Net Assets$220,434

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $820,1162010Expenses 2011: $757,5472011Expenses 2012: $576,9512012Revenue 2013: $611,603Expenses 2013: $596,112Net Income 2013: $15,4912013Revenue 2014: $603,516Expenses 2014: $599,480Net Income 2014: $4,0362014Revenue 2015: $610,965Expenses 2015: $541,448Net Income 2015: $69,5172015Revenue 2016: $494,827Expenses 2016: $514,698Net Income 2016: -$19,8712016Revenue 2017: $479,269Expenses 2017: $529,228Net Income 2017: -$49,9592017Revenue 2018: -$62,169Expenses 2018: $329,048Net Income 2018: -$391,2172018Revenue 2019: $343,558Expenses 2019: $331,724Net Income 2019: $11,8342019Revenue 2020: $232,656Expenses 2020: $267,486Net Income 2020: -$34,8302020Revenue 2021: $324,844Expenses 2021: $317,536Net Income 2021: $7,3082021Revenue 2022: $355,459Expenses 2022: $309,681Net Income 2022: $45,7782022Revenue 2023: $368,751Expenses 2023: $405,734Net Income 2023: -$36,9832023Revenue 2024: $384,769Expenses 2024: $418,405Net Income 2024: -$33,6362024

Highlighted filing

2024

Revenue$384,769
Expenses$418,405
Net Income-$33,636

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.22$0.38$0.42$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.37$0.41$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.29$0.36$0.31$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.25$0.32$0.32$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.23$0.27$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.27$0.34$0.33$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$0.06$0.33$0.39
2017Detailed filing. Detailed filing data is available for this year.$0.74$0.09$0.65$0.48$0.53$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.25$0.70$0.49$0.51$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.28$0.72$0.61$0.54$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.27$0.65$0.60$0.60$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.93$0.28$0.65$0.61$0.60$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.32$0.78$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.28$0.75$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.30$0.79$0.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$384,769
Mission and Program Overview

Mission

Encourage high professional standards and sound business methods among

Encourage high professional standards and sound business methods among its members, secure cooperative action in advancing the common purposes of its members, uniformity and equity in business usage and laws and proper consideration of opinion upon questions affecting the home building industry within the jurisdiction of this association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$145,718$150,193▲ $4,475
Cash and Non-Interest-Bearing Accounts$90,216$73,635▼ $16,581
Prepaid Expenses and Deferred Charges$28,612$29,747▲ $1,135
Accounts Receivable$6,773$1,081▼ $5,692
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$271,319$254,656▼ $16,663
Liabilities
Deferred Revenue$12,925$33,417▲ $20,492
Accounts Payable and Accrued Expenses$4,324$805▼ $3,519
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Total Liabilities$17,249$34,222▲ $16,973
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$250,094$216,458▼ $33,636
Net Assets With Donor Restrictions$3,976$3,976→ $0
Total Net Assets Fund Balance$254,070$220,434▼ $33,636
Total Liabilities and Net Assets / Fund Balance$271,319$254,656▼ $16,663

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$20,938$20,938
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Justin OlearImmediate Past President
Mike RiemannPresident
Mike EastonAssociate Vice President
Paul HandlerKent County Vice President
Mike OleckNew Castle CTY Vice President
Zachary SlatcherSussex County Vice President
Beth HaynesDirector
Bj CareyDirector
Bob TaylorDirector
Bob ThorntonDirector
Bryan WilleyDirector
Carolyn StanleyDirector
Colin PriceDirector
Dave DetrickDirector
Debra FinocchiaroDirector
John FordDirector
John JohnsonDirector
Jon HornerDirector
Mark GandyDirector
Nick DefrancescoDirector
Richard ForstenSecretary
Jeff HaggertyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,096
Program Service Revenue
$183,595
Investment Income
$4,477
Other Revenue
$3,601
Change in Net Assets
$-33,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,049
Salaries, Compensation, and Employee Benefits$133,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$122,125
Conferences and Meetings$0$0$0$113,048
Fees for Services Lobbying$0$0$0$48,000
All Other Expenses$0$0$0$17,375
Fees for Services Accounting$0$0$0$15,150
Information Technology$0$0$0$12,997
Payroll Taxes$0$0$0$9,406
Insurance$0$0$0$7,741
Travel$0$0$0$7,706
Office Expenses$0$0$0$6,173
Pension Plan Contributions$0$0$0$1,825
Other Expenses$0$0$0$571
Total Functional Expenses$0$0$0$418,405
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
Yes
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$48,000
Section 527 Activity Spending$0
Total Exempt Function Spending$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Homebuilders Association of Delaware Inc
EIN
51-0072963
Phone
3026781520
Address
109 E DIVISION STREET, DOVER, DE 19901

Signing Officer

Name
Mike Riemann
Title
President
Phone
3026781520
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Riemann
Formed
1954
Legal Domicile
De
Voting Board Members
22
Independent Board Members
22
Employees
2
Volunteers
35

Preparer

Firm
Tina M Johnson CPA
Address
116 Wedge Ct, Townsend, DE 19734
Preparer
Tina M Johnson
Phone
3025404976
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of the 990 is provided to the president of the board of directors prior to filing.

Pt VI, Line 12C

Persons covered by the conflict of interest policy will annually disclose or update to the president or board of directors on a form provided by the association their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with business and other organizations or those family members.

Pt VI, Line 15A

The salary and job description for each association staff position shall require the approval of the budget committee and board of directors of the association. The salary of each employee excluding that of the executive officer, shall be set by the executive officer within the salary range established by the budget committee for his/her particular position and within the budgetary limitations fixed by the board of directors for the association. The salary of the executive officer shall be set on an annual basis by the budget committee and approved by the board of directors.

Pt VI, Line 19

All organizational documents are available upon request at homebuilders association of delawares office in dover, delaware.

Pt VI, Line 15B

The salary and job description for each association staff position shall require the approval of the budget committee and board of directors of the association. The salary of each employee excluding that of the executive officer, shall be set by the executive officer within the salary range established the budget committee for his/her particular position and within the budgetary limitations fixed by the board of directors for the association. The salary of the executive officer shall be set on an annual basis by the budget committee and approved by the board of directors.

Pt XII, Line 1

The organization keeps all of its books on a cash basis of accounting except for the events that they hold for the year which are kept on an accrual basis of accounting. The organization does this as to more accurately reflect its year end numbers. All accrual based numbers on the balance sheet are contributed to events held by the organization.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2NEW CASTLE CTY VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10KENT COUNTY VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SUSSEX COUNTY VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/MissionDesc0ENCOURAGE HIGH PROFESSIONAL STANDARDS AND SOUND BUSINESS METHODS AMONG ITS MEMBERS, SECURE COOPERATIVE ACTION IN ADVANCING THE COMMON PURPOSES OF ITS MEMBERS, UNIFORMITY AND EQUITY IN BUSINESS USAGE AND LAWS AND PROPER CONSIDERATION OF OPINION UPON QUESTIONS AFFECTING THE HOME BUILDING INDUSTRY WITHIN THE JURISDICTION OF THIS ASSOCIATION.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0HOMEBUILDERS ASSOCIATION OF DELAWARE CONTRACTS A LOBBYIST TO HELP PROTECT AND ENHANCE THE FREE ENTERPRISE SYSTEM WITHIN THE HOME BUILDERS INDUSTRY.
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