Civic Intelligence

Home Builders Association Of

EIN 84-0373803 • 501(c)6 • Centennial, CO

View Organization Page

Profile

Organized for the purpose of improving conditions in the home building industry, thereby assisting in the improvement of the social, political and economic conditions in both the denver metropolitan region and the state of colorado.

Refreshing map…

9033 E Easter Place 200Centennial, CO 80112

www.hbadenver.com

Siviq Scores

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

Liabilities / Assets

84th percentile

0.49x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.40x

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

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.9%

Higher net margin than 23% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$205,725

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

4.8%

Faster revenue growth than 48% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,687,233

Up $240,728 (+17%) from 2023

Liabilities

Up

$830,921

Up $254,820 (+44%) from 2023

Net Assets

Down

$856,312

Down $14,092 (-1.6%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin23rd percentile

Revenue

Up

$2,080,185

Up $95,272 (+4.8%) from 2023

Expenses

Up

$2,161,771

Up $174,366 (+8.8%) from 2023

Net Income

Down

-$81,586

Down $79,094 (-3174%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,895,629Liabilities 2011: $3,094,635Net Assets 2011: -$199,0062011Assets 2012: $838,438Liabilities 2012: $709,588Net Assets 2012: $128,8502012Assets 2013: $1,252,733Liabilities 2013: $815,838Net Assets 2013: $436,8952013Assets 2014: $1,101,554Liabilities 2014: $408,014Net Assets 2014: $693,5402014Assets 2015: $1,059,067Liabilities 2015: $431,880Net Assets 2015: $627,1872015Assets 2016: $1,041,028Liabilities 2016: $423,151Net Assets 2016: $617,8772016Assets 2017: $1,112,907Liabilities 2017: $534,266Net Assets 2017: $578,6412017Assets 2018: $889,152Liabilities 2018: $408,820Net Assets 2018: $480,3322018Assets 2019: $1,045,683Liabilities 2019: $461,053Net Assets 2019: $584,6302019Assets 2020: $1,195,998Liabilities 2020: $511,713Net Assets 2020: $684,2852020Assets 2021: $1,428,765Liabilities 2021: $502,307Net Assets 2021: $926,4582021Assets 2022: $1,439,027Liabilities 2022: $566,131Net Assets 2022: $872,8962022Assets 2023: $1,446,505Liabilities 2023: $576,101Net Assets 2023: $870,4042023Assets 2024: $1,687,233Liabilities 2024: $830,921Net Assets 2024: $856,3122024

Highlighted filing

2024

Assets$1,687,233
Liabilities$830,921
Net Assets$856,312
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $722,141Expenses 2011: $2,508,416Net Income 2011: -$1,786,2752011Expenses 2012: $878,2102012Expenses 2013: $1,203,8892013Revenue 2014: $1,497,850Expenses 2014: $1,450,461Net Income 2014: $47,3892014Revenue 2015: $1,704,871Expenses 2015: $1,771,224Net Income 2015: -$66,3532015Revenue 2016: $1,825,780Expenses 2016: $1,835,090Net Income 2016: -$9,3102016Revenue 2017: $2,011,509Expenses 2017: $2,050,745Net Income 2017: -$39,2362017Revenue 2018: $2,077,125Expenses 2018: $2,175,434Net Income 2018: -$98,3092018Revenue 2019: $1,842,217Expenses 2019: $1,737,919Net Income 2019: $104,2982019Revenue 2020: $1,066,258Expenses 2020: $966,603Net Income 2020: $99,6552020Revenue 2021: $1,786,767Expenses 2021: $1,544,594Net Income 2021: $242,1732021Revenue 2022: $1,788,302Expenses 2022: $1,841,864Net Income 2022: -$53,5622022Revenue 2023: $1,984,913Expenses 2023: $1,987,405Net Income 2023: -$2,4922023Revenue 2024: $2,080,185Expenses 2024: $2,161,771Net Income 2024: -$81,5862024

Highlighted filing

2024

Revenue$2,080,185
Expenses$2,161,771
Net Income-$81,586
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,687,233
Liabilities
$830,921
Net assets
$856,312
Revenue
$2,080,185
Expenses
$2,161,771
Net income
-$81,586
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.83$0.86$2.08$2.16$0.08
2023Summary only. Only limited summary data is available for this year.$1.45$0.58$0.87$1.98$1.99$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.57$0.87$1.79$1.84$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.50$0.93$1.79$1.54$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.51$0.68$1.07$0.97$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.46$0.58$1.84$1.74$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.41$0.48$2.08$2.18$0.10
2017Summary only. Only limited summary data is available for this year.$1.11$0.53$0.58$2.01$2.05$0.04
2016Summary only. Only limited summary data is available for this year.$1.04$0.42$0.62$1.83$1.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.43$0.63$1.70$1.77$0.07
2014Summary only. Only limited summary data is available for this year.$1.10$0.41$0.69$1.50$1.45$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.82$0.44$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.71$0.13$0.88
2011Summary only. Only limited summary data is available for this year.$2.90$3.09$0.20$0.72$2.51$1.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,129,961
Mission and Program Overview

Mission

Organized for the purpose of improving conditions in the home building industry, thereby assisting in the improvement of the social, political, and economic conditions in both the denver metropolitan region and the state of colorado.

Improve conditions in the home building industry in the denver metropolitan region and colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$863,698$615,924▼ $247,774
Cash and Non-Interest-Bearing Accounts$361,562$549,244▲ $187,682
Accounts Receivable$178,276$257,750▲ $79,474
Prepaid Expenses and Deferred Charges$25,876$58,299▲ $32,423
Land, Buildings, and Equipment, Net$8,480$5,165▼ $3,315
Savings and Temporary Cash Investments$5,013$5,022▲ $9
Total Assets$1,446,505$1,687,233▲ $240,728
Other Assets Total$3,600$195,829▲ $192,229
Liabilities
Other Liabilities$158,299$348,271▲ $189,972
Deferred Revenue$203,989$266,815▲ $62,826
Accounts Payable and Accrued Expenses$213,813$215,835▲ $2,022
Total Liabilities$576,101$830,921▲ $254,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$870,404$856,312▼ $14,092
Total Net Assets Fund Balance$870,404$856,312▼ $14,092
Total Liabilities and Net Assets / Fund Balance$1,446,505$1,687,233▲ $240,728

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,165$503,920$509,085
Other Assets Org$192,229--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ted LeightyChief Executive OfficerFT$162,000$43,725$205,725

Board Members and Trustees

NameTitle
Kate PourhassanianCouncil Board Chair
Randy CarpenterImmediate Past President
Dave LemnahPresident
Jason BrownPresident - Elect
Reggie CarvethVice President/secretary
Sara DieringerVice President/treasurer
Aaron WilsonDirector
Aric JonesDirector
Bruce RauDirector
Chase StillmanDirector
Dan GalassoDirector
Darren DupreeDirector
Eric MceachenDirector
Geoff HaskellDirector
Gilda ZaragozaDirector
Greg KrauseDirector
Jason HansenDirector
Jay MankamyerDirector
Jesus MontelongoDirector
Jim HayesDirector
Kage JanesDirector
Kelly TagaDirector
Ken HigginsonDirector
Kristin PetersonDirector
Lauren BrowneDirector
Matt OsbornDirector
Patrick WernerDirector
Phillip CrossDirector
Shane OrrDirector
Steve EricksonDirector
Tyler MoselyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$386,268
Program Service Revenue
$1,629,079
Investment Income
$47,501
Other Revenue
$17,337
Change in Net Assets
$-81,586

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,129,961
Revenue Not Reported on Financial Statements
$-49,776
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-49,776
Total Revenue per Audited Statements
$2,129,961
Total Revenue per Form 990
$2,080,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$977,006
Salaries, Compensation, and Employee Benefits$803,611
Grants and Similar Amounts Paid$175,429
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$647,322
Travel---$317,890
Benefits to Members---$205,725
Office Expenses---$203,667
Grants to Domestic Orgs---$175,429
Advertising---$145,544
Fees for Services Other---$141,412
Payroll Taxes---$68,668
Other Employee Benefits---$67,556
Pension Plan Contributions---$20,065
Fees for Services Accounting---$17,640
Insurance---$7,694
Depreciation Depletion---$4,420
Fees for Services Legal---$2,460
Other Expenses---$1,710
All Other Expenses---$456
Total Functional Expenses$0$0$0$2,161,771

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,211,547
Expenses per Audited Statements$2,161,771
Total Expenses per Form 990$2,161,771
Expenses Not Reported on Form 990$49,776
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metro Housing CoalitionCentennial, CO501(c)(6)Contribution for Advocacy in the Building Industry$80,000
Common Sense InstituteGreenwood Village, CO501(c)(3)Contribution for the Leadership Circle and Research$13,000
Home Builders FoundationCentennial, CO501(c)(3)Contribution for Charity of Choice$12,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,776
Fundraising Gross Income$41,233
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Emerging Leaders Golf Tournament$42,796$31,029$6,954$24,075
Clay Shoot$27,600$10,204$2,336$7,868
Total Events$70,396$41,233$49,776$-8,543
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$193,431
Eidl Loan$154,840
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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, Part VI, Section A, Line 1A

“The executive committee, consististing of the president, president/elect, vice president/treasurer, vice president/secretary, the president and president/elect of approved chapters, the current chair of the council board, and the president of the home builders foundation, have the power to act on behalf of the governing body. Any decisions made by the executive committee are reported back to the entire board at their next meeting.”

Form 990, Part VI, Section A, Line 6

“The organization has four member types, builder/developer members, associate members, non-members and courtesy members. Of these four classes, only the builder/developer and associate members that are part of the board of directors has the right to vote, other members that choose to be part of the association do not have the right to vote.”

Form 990, Part VI, Section A, Line 7B

“Members of the board have the power to amend the bylaws with a majority vote.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the organizations independent accounting firm, with information provided by management. Once the return has been completed, it is reviewed by the ceo, cfo, and director of accounting prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All board members are required to annually sign a conflict of interest policy, as well as if any conflicts arise. It is the responsibility of the remaining board members to determine whether a conflict exists, and how to proceed. If a conflict of interest is found to exist, the interested person is recused from discussion and voting on the topic. All annual conflict of interest policys are kept on record, and any potential conflicts disclosed during the year are documented within the meeting minutes.”

Form 990, Part VI, Section B, Line 15

“The finance committee, executive committee and board members are responsible for reviewing and approving compensation yearly as part of the budgeting process. The process for determining compensation includes the use of mountain states employer council compensation data. The process described here was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Home Builders Association of
EIN
84-0373803
Phone
3037781400
Address
9033 E EASTER PLACE 200, CENTENNIAL, CO 80112

Signing Officer

Name
Ted Leighty
Title
President
Phone
3039107419
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Leighty
Formed
1943
Legal Domicile
Co
Voting Board Members
31
Independent Board Members
31
Employees
8
Volunteers
222

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 SOUTH TEJON STREET SUITE 1100, COLORADO SPRINGS, CO 80903
Preparer
Sarah Hintz
Phone
7196350330
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“RESTATEMENT 67,494.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses included in revenue -49,776.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 49,776.”

Raw XML AppendixShowing 400 of 652 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3RANDY CARPENTER
IRS990/Form990PartVIISectionAGrp/PersonNm4REGGIE CARVETH
IRS990/Form990PartVIISectionAGrp/PersonNm5SARA DIERINGER
IRS990/Form990PartVIISectionAGrp/PersonNm6KATE POURHASSANIAN
IRS990/Form990PartVIISectionAGrp/PersonNm7LAUREN BROWNE
IRS990/Form990PartVIISectionAGrp/PersonNm8PHILLIP CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm9DARREN DUPREE
IRS990/Form990PartVIISectionAGrp/PersonNm10STEVE ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm11DAN GALASSO
IRS990/Form990PartVIISectionAGrp/PersonNm12JASON HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm13GEOFF HASKELL
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm15KEN HIGGINSON
IRS990/Form990PartVIISectionAGrp/PersonNm16KAGE JANES
IRS990/Form990PartVIISectionAGrp/PersonNm17ARIC JONES
IRS990/Form990PartVIISectionAGrp/PersonNm18GREG KRAUSE
IRS990/Form990PartVIISectionAGrp/PersonNm19JAY MANKAMYER
IRS990/Form990PartVIISectionAGrp/PersonNm20ERIC MCEACHEN
IRS990/Form990PartVIISectionAGrp/PersonNm21JESUS MONTELONGO
IRS990/Form990PartVIISectionAGrp/PersonNm22TYLER MOSELY
IRS990/Form990PartVIISectionAGrp/PersonNm23SHANE ORR
IRS990/Form990PartVIISectionAGrp/PersonNm24MATT OSBORN
IRS990/Form990PartVIISectionAGrp/PersonNm25KRISTIN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm26BRUCE RAU
IRS990/Form990PartVIISectionAGrp/PersonNm27CHASE STILLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm28KELLY TAGA
IRS990/Form990PartVIISectionAGrp/PersonNm29PATRICK WERNER
IRS990/Form990PartVIISectionAGrp/PersonNm30AARON WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm31GILDA ZARAGOZA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT - ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6COUNCIL BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
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IRS990/Form990TFiledInd01
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IRS990/GrantsToOrganizationsInd01
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IRS990/MissionDesc0ORGANIZED FOR THE PURPOSE OF IMPROVING CONDITIONS IN THE HOME BUILDING INDUSTRY, THEREBY ASSISTING IN THE IMPROVEMENT OF THE SOCIAL, POLITICAL, AND ECONOMIC CONDITIONS IN BOTH THE DENVER METROPOLITAN REGION AND THE STATE OF COLORADO.
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IRS990/OtherExpensesGrp/Desc0EQUIPMENT & FACILITY RE
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IRS990/OtherExpensesGrp/Desc3OTHER EXPENSE
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IRS990/ProgramServiceRevenueGrp/Desc0PERMIT ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1COUNCIL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3WEBSITE ADVERTISING

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