HOME BUILDERS & REMODELERS ASSOC

EIN: 042178350

CHICOPEE, MA

Total Revenue
$996,427
Total Expenses
$693,038
Total Assets
$745,076
Net Assets
$678,532
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
MA
Principal Officer
KEN RITUCCI
Phone
4137333126
Tax Period
2022-07-01 to 2023-06-30

HOME BUILDERS & REMODELERS ASSOC, founded in 1946, is a small nonprofit that reported $996K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $303K, a strong 30% operating margin.

Mission

BUILDING INDUSTRY ASSOCIATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $113,557
Program Service Revenue $609,338
Investment Income $270,040
Other Revenue $3,492
TOTAL REVENUE $996,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,360
Fundraising Expenses $0
Program Expenses $234,936
Other Expenses $489,678
TOTAL EXPENSES $693,038

Year-over-Year Comparison

2022 2021 Change
Revenue $996,427 $805,270 +0.2%
Expenses $693,038 $711,965 0.0%
Net Income $303,389 $93,305 +2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
18
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY AVERY BUILDER DIRE N/A
Director
$0 $0 $0
LYNN BOIVIN ASSOCIATE DI N/A
Director
$0 $0 $0
THOMAS DALY ASSOCIATE DI N/A
Director
$0 $0 $0
DAVID DEGIORGIS BUILDER DIRE N/A
Director
$0 $0 $0
CHRISTOPHER GRENIER ASSOCIATE DI N/A
Director
$0 $0 $0
THOMAS KENNEDY SECRETARY N/A
Officer Director
$0 $0 $0
RICHARD KOWAL TREASURER N/A
Officer Director
$0 $0 $0
ZACHARY KUSHNER 1ST VICE PRE N/A
Officer Director
$0 $0 $0
KENNETH LEBLANC BUILDER DIRE N/A
Director
$0 $0 $0
STEVE LIBBY ASSOCIATE DI N/A
Director
$0 $0 $0
LORI LOUGHLIN ASSOCIATE DI N/A
Director
$0 $0 $0
JAMES MEEHLEDER BUILDER DIRE N/A
Director
$0 $0 $0
ANTHONY MURAD BUILDER DIRE N/A
Director
$0 $0 $0
SCOTT POULIN BUILDER DIRE N/A
Director
$0 $0 $0
KEN RITUCCI PRESIDENT N/A
Officer Director
$0 $0 $0
DOMINIC SANTANIELLO 3RD VICE PRE N/A
Officer Director
$0 $0 $0
TIMOTHY WELLS 2ND VICE PRE N/A
Officer Director
$0 $0 $0
JOSEPH YIZNITSKY ASSOCIATE DI N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $996,427 $693,038 $745,076 $303,389
2022 $805,270 $711,965 $685,771 $93,305
2021 $351,288 $588,140 $791,102 $-236,852
2021 $345,790 $583,497 $791,102 $-237,707
2020 $537,154 $759,437 $1,053,622 $-222,283
2019 $994,116 $1,035,440 $847,656 $-41,324
2018 $986,918 $1,070,374 $894,812 $-83,456
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