Overview
What is Home Builders Association Of Greater Knoxville Inc?
Home Builders Association of Greater Knoxville Inc is a nonprofit association primarily made up of contractors and builders. By paying membership dues, individuals gain entry into both local, state, and national Home Builders associations, fostering connections with suppliers and subcontractors within the industry. The association also engages in home construction through its subsidiary, Foundation house. Homes built by Foundation house are then sold for a profit, with the earnings used to fund the construction of additional homes by members annually. This circle of home construction not only benefits the association but also provides opportunities for its members.
Official website here: www.hbaknoxville.com
Is Home Builders Association Of Greater Knoxville Inc legitimate?
Home Builders Association Of Greater Knoxville Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Home Builders Association Of Greater Knoxville 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,357
For more financial information, click here
Official website here: www.hbaknoxville.com
What is the mission statement of Home Builders Association Of Greater Knoxville Inc?
The Home Builders Association of Greater Knoxville is an organization primarily comprising contractors and builders. Members of this association pay dues, which grant them affiliation at local, state, and national levels. This membership offers various opportunities, fostering interactions between suppliers, subcontractors, and home builders and remodelers. Beyond this, the association also participates in constructing new homes through a subsidiary called Foundation House. These houses are subsequently sold for profit, with the earnings utilized to fund the construction of additional homes by members annually.
Official website here: www.hbaknoxville.com
What is the revenue of Home Builders Association Of Greater Knoxville Inc?
Home Builders Association Of Greater Knoxville Inc's revenue in 2024 was $669,032.
Official website here: www.hbaknoxville.com
Who are the executives of Home Builders Association Of Greater Knoxville Inc and what are their salaries?
The average compensation at Home Builders Association Of Greater Knoxville Inc during 2024 was $67,678. There are 2 employees at Home Builders Association Of Greater Knoxville Inc.
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Official website here: www.hbaknoxville.com
Where can I find the form 990 for Home Builders Association Of Greater Knoxville Inc?
Home Builders Association Of Greater Knoxville Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hbaknoxville.com
Learn more at the official website: www.hbaknoxville.com
Mission Statement of Home Builders Association Of Greater Knoxville Inc
The Home Builders Association of Greater Knoxville, as an Association of Contractors and Builders, serves as a platform that brings together home builders and remodelers. Membership in this organization comes with the privilege of being part of both local, state, and national Home Builders associations. This association offers numerous opportunities for its members to interact with suppliers and subcontractors. Beyond this, the Home Builders Association of Greater Knoxville is also involved in the construction of newly built homes through its foundation, named Foundation house. These homes are later sold for a profit, with the earnings utilized to fund the construction of additional homes by its members each year. This cyclical process not only aids in the growth of the housing market but also contributes to the betterment of the community by providing new homes.
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Impact
October, 2024
The Home Builders Association of Greater Knoxville Inc significantly impacts the local construction industry and community development. By serving as an association of contractors and builders, it fosters a collaborative environment where members can connect with suppliers and subcontractors, enhancing networking and partnership opportunities in the region. This interaction not only streamlines the building process but also promotes best practices, innovation, and efficiency among members.
The association also plays a crucial role in addressing housing needs through its initiatives, such as the construction of newly built homes. The Foundation house project showcases their commitment to improving housing availability while simultaneously generating funds that are reinvested back into the community. The profits from these projects help finance the construction of additional homes by members each year, directly contributing to local economic growth.
Furthermore, by facilitating membership in local, state, and national home builders' associations, the Home Builders Association of Greater Knoxville enhances the influence and reach of its members. This kind of integration not only elevates standards within the industry but also advocates for policies that support the housing market and community development in the Knoxville area. Overall, the association's efforts lead to community improvement, greater housing affordability, and a more robust local economy.
This information is meant to be a general summary of Home Builders Association Of Greater Knoxville 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 2024.
- Investment Income: $16,668
- Program Service Revenue: $298,136
- Gross Receipts: $686,598
Assets and Liabilities:
- Total Assets: $924,224
- Total Liabilities: $227,213
- Net Assets: $697,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARADE OF HOMES
Revenue
$184,691
HOME SHOW
Revenue
$82,355
BANQUETS AND MEETINGS
Revenue
$30,190
EDUCATION PROGRAMS
Revenue
$900
Organization Details
Founding Year
1951
Principal Officer
Ashley Burnette
Website
www.hbaknoxville.comNTEE Category
Code: S47 - Community improvement
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