Overview
What is Home Builders Institute?
The Home Builders Institute (HBI) is a nonprofit organization located in Washington, D.C. They operate under a federal award from the U.S. Department of Labor and provide at-risk youth with valuable, hands-on vocational training in the building industry through the Job Corps program. HBI's mission is to educate and prepare individuals for careers in construction, inspiring them to build better futures for themselves. With a team of 380 employees, HBI is dedicated to changing lives daily by equipping individuals with the skills needed to succeed in the building industry.
Official website here: www.hbi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
The Home Builders Institute has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score of 90%, the organization excels particularly in areas such as board independence and financial oversight, indicating a well-managed structure that prioritizes transparency and responsible governance.
The organization's financial statements demonstrate a high level of integrity, with no material diversion of assets reported, and it maintains an impressive program expense ratio of 89.35%. This suggests that a significant portion of its expenses directly supports its programs, highlighting an effective allocation of resources towards its mission.
However, while the overall scores are strong, the liabilities to assets ratio of 57.84% indicates that the organization may have a moderate level of liabilities compared to its assets. This could be an area for potential improvement, but it does not significantly detract from the overall positive assessment of the Home Builders Institute's financial health and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Home Builders Institute legitimate?
Home Builders Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Builders Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,850,582
Professional Fundraising Fees: $120,000
Other Salaries and Wages: $19,298,919
For more financial information, click here
Official website here: www.hbi.org
What is the mission statement of Home Builders Institute?
The Home Builders Institute (HBI) is dedicated to transforming lives by means of education and preparation for careers within the building industry. Their mission is to inspire and equip individuals with the necessary skills and knowledge for success in this field. Under a federal grant from the U.S. Department of Labor, HBI offers practical, hands-on vocational training through the Job Corps program to at-risk youth, providing them with a valuable chance to enter the building industry and build a brighter future.
Official website here: www.hbi.org
Who is the CEO of Home Builders Institute?
Edward Brady is the President And Ceo of Home Builders Institute. The CEO's salary of Home Builders Institute is $486,448 and their total compensation is $529,931.
Official website here: www.hbi.org
What is the revenue of Home Builders Institute?
Home Builders Institute's revenue in 2022 was $40,034,347.
Official website here: www.hbi.org
Who are the executives of Home Builders Institute and what are their salaries?
The average compensation at Home Builders Institute during 2022 was $55,657. There are 380 employees and 22 volunteers at Home Builders Institute.
Here are 34 key members and their salaries (Home Builders Institute's CEO's salary is $486,448 and their total compensation is $529,931):
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- Compensation: $486,448
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- Other: $43,483
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- Other: $19,554
- Compensation: $159,894
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- Compensation: $176,018
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- Other: $20,878
Official website here: www.hbi.org
Where can I find the form 990 for Home Builders Institute?
Home Builders Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hbi.org
Learn more at the official website: www.hbi.org
Mission Statement of Home Builders Institute
Home Builders Institute, or HBI, is a renowned organization dedicated to transforming lives by providing education, inspiration, and practical training for individuals seeking careers in the building industry. The mission of HBI is multifaceted, focusing on equipping men and women with the skills and knowledge necessary to thrive in this dynamic sector.
In the pursuit of this mission, HBI has been granted a federal award by the U.S. Department of Labor. Through this partnership, HBI offers at-risk youth an invaluable opportunity: real-life, hands-on vocational training through the Job Corps program. This unique and effective approach enables young people to gain a solid foundation in the building industry, increasing their chances of securing stable, rewarding careers.
As HBI continues to make a difference in the lives of individuals, their contributions to society as a whole become increasingly significant. The building industry is a vital part of any economy, and the professionals who work within it are essential for creating safe, functional, and beautiful spaces for people to live, work, and play. By empowering the next generation of builders, HBI not only transforms lives but also secures a brighter future for our communities.
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Impact
October, 2024
The Home Builders Institute (HBI) has a significant impact by educating and preparing individuals for careers in the building industry, particularly focusing on at-risk youth. Through its partnership with the U.S. Department of Labor and the Job Corps program, HBI delivers real-life, hands-on vocational training that empowers young people with the skills necessary to succeed in construction and related fields. By bridging the gap between education and employment, HBI changes lives on a daily basis, inspiring individuals to pursue fulfilling careers while addressing workforce needs in the building industry. The emphasis on practical experience not only enhances employability but also fosters personal growth and resilience among participants.
This information is meant to be a general summary of Home Builders Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,700
- Gross Receipts: $40,047,506
Assets and Liabilities:
- Total Assets: $17,695,686
- Total Liabilities: $10,235,577
- Net Assets: $7,460,109
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Organization Details
Founding Year
1981
Phone
(202) 371-0600Principal Officer
Edward Brady
Main Address
1201 15TH STREET NW 601, WASHINGTON, DC, 20005
Website
www.hbi.orgNTEE Category
Code: J220 - Employment
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