Overview
What is Home Builders Association Of Lexington Inc?
Home Builders Association of Lexington Inc, based in Lexington, Kentucky, is a nonprofit organization with a mission to promote the home building industry in the central region of the state. They operate under the name Building Industry Association of Central Kentucky. Their primary activity involves constructing homes, assisting with building, remodeling, and improvement projects, in line with their association's mission. With a workforce of three individuals, they strive to contribute to the home building industry in Central Kentucky.
Official website here: www.biacentralky.com
Is Home Builders Association Of Lexington Inc legitimate?
Home Builders Association Of Lexington Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Home Builders Association Of Lexington Inc 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: $184,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.biacentralky.com
What is the mission statement of Home Builders Association Of Lexington Inc?
The Home Builders Association of Lexington Inc's mission is focused on promoting the home building industry in its entirety. This association strives to achieve this goal in all aspects, working towards the betterment of the industry. To further its mission, the organization has established Builder Co LLC, a subsidiary company, which constructs homes to support the association's objectives and aids in building, remodeling, and improvement projects. In summary, the Home Builders Association of Lexington Inc is dedicated to advocating for and enhancing the home building industry.
Official website here: www.biacentralky.com
What is the revenue of Home Builders Association Of Lexington Inc?
Home Builders Association Of Lexington Inc's revenue in 2023 was $1,588,638.
Official website here: www.biacentralky.com
Who are the executives of Home Builders Association Of Lexington Inc and what are their salaries?
The average compensation at Home Builders Association Of Lexington Inc during 2023 was $61,383. There are 3 employees and 50 volunteers at Home Builders Association Of Lexington Inc.
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- Compensation: $175,929
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- Other: $8,222
Official website here: www.biacentralky.com
Where can I find the form 990 for Home Builders Association Of Lexington Inc?
Home Builders Association Of Lexington Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.biacentralky.com
Learn more at the official website: www.biacentralky.com
Mission Statement of Home Builders Association Of Lexington Inc
The Home Builders Association of Lexington Inc, in its mission, strives to elevate and advocate for the home building industry in Central Kentucky. This nonprofit organization is committed to promoting the sector in all aspects, working tirelessly to advance its growth and development. To further this cause, they have established Builder Co, LLC, a subsidiary company, with the primary objective of constructing homes. This subsidiary is instrumental in achieving the association's mission and aiding in building, remodeling, and improvement projects.
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Impact
October, 2024
The Home Builders Association of Lexington Inc significantly influences the home building industry in Central Kentucky. By advocating for best practices and standards, it helps ensure that local builders maintain high quality in construction and remodeling. Through its wholly-owned subsidiary, Builder Co, LLC, the association actively participates in constructing homes, which supports its mission to enhance the local housing market and address community needs.
This engagement not only drives economic growth by creating jobs in construction but also promotes community improvement through the development of residential projects. By fostering collaboration among builders, suppliers, and contractors, the association strengthens the industry while ensuring that housing developments meet the needs of the community. Overall, its commitment to promoting the home building sector contributes to a thriving and sustainable local economy in Lexington and the surrounding areas.
This information is meant to be a general summary of Home Builders Association Of Lexington Inc. 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 2023.
- Investment Income: $9,497
- Program Service Revenue: $820,765
- Gross Receipts: $1,588,638
Assets and Liabilities:
- Total Assets: $1,721,394
- Total Liabilities: $744,769
- Net Assets: $976,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$456,613
MEETINGS AND CONVENTIO
Revenue
$364,152
Organization Details
Founding Year
1952
Principal Officer
Todd Johnson
Website
www.biacentralky.comNTEE Category
Code: S41 - Community improvement
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