Civic Intelligence

Home Building Association of Richmond

990 • Fiscal year 2020 • EIN 54-0472979

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 15, 2021

400 North Ridge RoadRichmond, VA 23229

(804) 282-0400

Siviq Scores

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

Liabilities / Assets

29th percentile

0.04x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$124,288

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

1.7%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-15%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,779,836

Up $62,086 (+1.7%) from 2019

Net Assets

Up

$3,625,931

Up $105,489 (+3.0%) from 2019

Liabilities

Down

$153,905

Down $43,403 (-22%) from 2019

Revenue

Down

$1,063,077

Down $180,846 (-15%) from 2019

Expenses

Down

$901,707

Down $358,751 (-28%) from 2019

Net Income

Up

$161,370

Up $177,905 (+1076%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,129,341Liabilities 2010: $53,696Net Assets 2010: $2,075,6452010Assets 2011: $2,166,661Liabilities 2011: $159,241Net Assets 2011: $2,007,4202011Assets 2012: $2,397,269Liabilities 2012: $142,529Net Assets 2012: $2,254,7402012Assets 2013: $2,667,872Liabilities 2013: $147,274Net Assets 2013: $2,520,5982013Assets 2014: $2,844,414Liabilities 2014: $148,299Net Assets 2014: $2,696,1152014Assets 2015: $2,782,875Liabilities 2015: $153,988Net Assets 2015: $2,628,8872015Assets 2016: $3,046,540Liabilities 2016: $157,012Net Assets 2016: $2,889,5282016Assets 2017: $3,341,205Liabilities 2017: $63,551Net Assets 2017: $3,277,6542017Assets 2018: $3,255,932Liabilities 2018: $112,179Net Assets 2018: $3,143,7532018Assets 2019: $3,717,750Liabilities 2019: $197,308Net Assets 2019: $3,520,4422019Assets 2020: $3,779,836Liabilities 2020: $153,905Net Assets 2020: $3,625,9312020Assets 2021: $4,565,404Liabilities 2021: $97,433Net Assets 2021: $4,467,9712021Assets 2022: $4,256,884Liabilities 2022: $324,334Net Assets 2022: $3,932,5502022Assets 2023: $4,336,944Liabilities 2023: $122,472Net Assets 2023: $4,214,4722023Assets 2024: $4,728,342Liabilities 2024: $180,735Net Assets 2024: $4,547,6072024

Highlighted filing

2020

Assets$3,779,836
Liabilities$153,905
Net Assets$3,625,931

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $884,491Expenses 2010: $933,116Net Income 2010: -$48,6252010Revenue 2011: $474,027Expenses 2011: $496,697Net Income 2011: -$22,6702011Revenue 2012: $997,536Expenses 2012: $719,480Net Income 2012: $278,0562012Revenue 2013: $711,217Expenses 2013: $583,371Net Income 2013: $127,8462013Revenue 2014: $1,142,740Expenses 2014: $898,025Net Income 2014: $244,7152014Revenue 2015: $1,064,896Expenses 2015: $999,611Net Income 2015: $65,2852015Revenue 2016: $1,296,594Expenses 2016: $1,161,720Net Income 2016: $134,8742016Revenue 2017: $1,352,429Expenses 2017: $1,195,650Net Income 2017: $156,7792017Revenue 2018: $1,477,424Expenses 2018: $1,309,845Net Income 2018: $167,5792018Revenue 2019: $1,243,923Expenses 2019: $1,260,458Net Income 2019: -$16,5352019Revenue 2020: $1,063,077Expenses 2020: $901,707Net Income 2020: $161,3702020Revenue 2021: $1,552,331Expenses 2021: $1,314,871Net Income 2021: $237,4602021Revenue 2022: $1,195,699Expenses 2022: $1,181,348Net Income 2022: $14,3512022Revenue 2023: $1,923,718Expenses 2023: $1,690,610Net Income 2023: $233,1082023Revenue 2024: $1,291,398Expenses 2024: $1,276,434Net Income 2024: $14,9642024

Highlighted filing

2020

Revenue$1,063,077
Expenses$901,707
Net Income$161,370
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$2,344,150
Mission and Program Overview

Mission

Our vision is to champion housing and the community. Our mission is to provide leadership to develop innovative programs that enable our community to thrive. Using research, education and public relations, we will be a credible resource building a strong coalition for the current and future benefit of our association and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,969,532$3,133,012▲ $163,480
Cash and Non-Interest-Bearing Accounts$535,360$452,591▼ $82,769
Land, Buildings, and Equipment, Net$161,717$143,145▼ $18,572
Savings and Temporary Cash Investments$51,141$51,088▼ $53
Total Assets$3,717,750$3,779,836▲ $62,086
Liabilities
Deferred Revenue$184,840$145,539▼ $39,301
Accounts Payable and Accrued Expenses$12,468$8,366▼ $4,102
Total Liabilities$197,308$153,905▼ $43,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,520,442$3,625,931▲ $105,489
Total Net Assets Fund Balance$3,520,442$3,625,931▲ $105,489
Total Liabilities and Net Assets / Fund Balance$3,717,750$3,779,836▲ $62,086

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,145$455,059$499,204
Land$99,000-$99,000
Other Land Buildings-$40,820$40,820
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danna MarklandCEOFT$124,288$124,288

Board Members and Trustees

NameTitle
Mitchell BodePresident
Andy BeachBoard Member
Catina JonesBoard Member
Chad JoyceBoard Member
Chris HobbsBoard Member
Danny SowersBoard Member
David CloakBoard Member
Hunter TaylorBoard Member
Jeff BridgesBoard Member
Jeff TunstallBoard Member
John CostelloBoard Member
John WatersBoard Member
Jonathan RidoutBoard Member
Josh GoldschmidtBoard Member
Kevin McnultyBoard Member
Krissy SowersBoard Member
Mark KronenthalBoard Member
Pat LegaultBoard Member
Perry SheltonBoard Member
Rob CarterBoard Member
Sam McdonaldBoard Member
Sarah KellamBoard Member
Shane BurnetteBoard Member
Spen CustisBoard Member
Tania KornblauBoard Member
Teresa MuellerBoard Member
Tim ParentBoard Member
Tricia SmithBoard Member
Tripp CostenBoard Member
Scott SleemeImmediate Pa
David OwenPast Preside
Tracey JamesonTreasurer
Kyle YeatmanVP Associate
Daniel JonesVP Builder
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$789,174
Investment Income
$237,226
Other Revenue
$36,677
Change in Net Assets
$161,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$551,217
Salaries, Compensation, and Employee Benefits$350,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$175,534
Current Officers, Directors, Trustees, and Key Employees---$124,288
Payroll Taxes---$24,864
Other Employee Benefits---$18,956
Depreciation Depletion---$18,572
Occupancy---$18,048
Information Technology---$15,672
All Other Expenses---$14,941
Other Expenses---$12,254
Travel---$11,256
Insurance---$9,985
Fees for Services Accounting---$9,500
Office Expenses---$9,238
Pension Plan Contributions---$6,848
Total Functional Expenses$0$0$0$901,707
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Home building association of richmond has 4 classes of members: builder/developer, associate, retired, and honorary.

Form 990, Page 6, Part VI, Line 7A

The leadership development committee develops a recommended slate of new hbar board members, hbar officers, at large members of the hbar executive committee, nahb directors, alternate nahb directors, and hbav directors. 4 of the 8 members of the leadership development committee are hbar members that do not serve on the board of directors. The committee's recommendations are then circulated to the membership for review and comment. The committee's recommendations are deemed approved as presented unless a majority of the membership objects to any or all of the recommendations.

Form 990, Page 6, Part VI, Line 7B

The leadership development committee develops a recommended slate of new hbar board members, hbar officers, at large members of the hbar executive committee, nahb directors, alternate nahb directors, and hbav directors. 4 of the 8 members of the leadership development committee are hbar members that do not serve on the board of directors. The committee's recommendations are then circulated to the membership for review and comment. The committee's recommendations are deemed approved as presented unless a majority of the membership objects to any or all of the recommendations.

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

The tax return is reviewed by the chief executive officer and president. Any questions regarding the form 990 are directed to our independent accountant.

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

Hbar board of directors, council members, committee members, and key employees are covered under the hbar conflict of interest policy. The conflict of interest policy is given and reviewed with all hbar board of directors, council members, committee members, and key employees annually. 1.it is the responsibility of each director to immediately disclose in writing to the president and chief executive officer the existence of any conflict of interest. 2.directors must withdraw from participation in any way in decisions in which they have a direct financial or material interest that is substantially greater than the interests of members generally. 3.it is the duty of the board of directors to decide whether a director who discloses a conflict but who does not withdraw from participation may participate in any discussions or vote on the issue that has given rise to the conflict. 4. Should a director be found to have a conflict of interest that has not been disclosed to the board as required in point 1 above, the board may: a.require a director to provide full disclosure of the nature of the conflict of interest; and b.pursuant to the by-laws take such further action consistent with the by-laws deemed appropriate by the board.

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

All compensation for the chief executive officer, officers, and key employees are determined using data collected from similar size organizations from around the region.

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

All compensation for the chief executive officer, officers, and key employees are determined using data collected from similar size organizations from around the region.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Home Building Association
EIN
54-0472979
Phone
8042820400
Address
400 NORTH RIDGE ROAD, RICHMOND, VA 23229

Signing Officer

Name
Danna Markland
Title
CEO
Phone
8042820400
Signed
2021-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danna Markland
Formed
1946
Legal Domicile
Va
Voting Board Members
35
Independent Board Members
35
Employees
5
Volunteers
125

Preparer

Firm
Meadows Urquhart Acree & Cook Llp
Address
1802 BAYBERRY CT 102, RICHMOND, VA 23226-3773
Preparer
Shannon W Cook CPA
Phone
8042495786
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our vision is to champion housing and the community. Our mission is to provide leadership to develop innovative programs that enable our community to thrive. Using research, education and public relations, we will be a credible resource building a strong coalition for the current and future benefit of our association and community.

Form 990, Page 12, Part XII, Line 2C

The organization did not change its oversight process or selection process during the tax year.

Financial Statement Notes

Schedule D, Page 3, Part X

The association is a not-for-profit organization exempt from income taxes under section 501(c)(6) of the internal revenue code and the tax statutes of the commonwealth of virginia, and is classified by the internal revenue service as other than a private foundation. However, income from certain activities not directly related to the association's tax exempt purpose, such as advertising income, is subject to taxation as unrelated business income. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The association has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2020 and 2019.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
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IRS990/MissionDesc0OUR VISION IS TO CHAMPION HOUSING AND THE COMMUNITY. OUR MISSION IS TO PROVIDE LEADERSHIP TO DEVELOP INNOVATIVE PROGRAMS THAT ENABLE OUR COMMUNITY TO THRIVE. USING RESEARCH, EDUCATION AND PUBLIC RELATIONS, WE WILL BE A CREDIBLE RESOURCE BUILDING A STRONG COALITION FOR THE CURRENT AND FUTURE BENEFIT OF OUR ASSOCIATION AND COMMUNITY.
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IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2PARADE BOOK ADVERTISING
IRS990/OtherExpensesGrp/Desc3CHECKING SCANNING
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IRS990/OtherExpensesGrp/TotalAmt151051
IRS990/OtherExpensesGrp/TotalAmt220071

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$0.18$4.55$1.29$1.28$0.01
2023Summary only. Only limited summary data is available for this year.$4.34$0.12$4.21$1.92$1.69$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.32$3.93$1.20$1.18$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$0.10$4.47$1.55$1.31$0.24
2020Detailed filing. Detailed filing data is available for this year.$3.78$0.15$3.63$1.06$0.90$0.16
2019Summary only. Only limited summary data is available for this year.$3.72$0.20$3.52$1.24$1.26$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.11$3.14$1.48$1.31$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$0.06$3.28$1.35$1.20$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.16$2.89$1.30$1.16$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.15$2.63$1.06$1.00$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.84$0.15$2.70$1.14$0.90$0.24
2013Summary only. Only limited summary data is available for this year.$2.67$0.15$2.52$0.71$0.58$0.13
2012Summary only. Only limited summary data is available for this year.$2.40$0.14$2.25$1.00$0.72$0.28
2011Summary only. Only limited summary data is available for this year.$2.17$0.16$2.01$0.47$0.50$0.02
2010Summary only. Only limited summary data is available for this year.$2.13$0.05$2.08$0.88$0.93$0.05