HOME BUILDERS ASSOCIATION OF SOUTHEASTERN MICHIGAN INC (EIN 380606686) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

FORREST WALL

Phone

2487374477

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF SOUTHEASTERN MICHIGAN INC, founded in 1929, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 24% operating margin.

Mission

PROMOTING AND IMPROVING ALL ASPECTS OF THE CONSTRUCTION AND PROPERTY MANAGEMENT INDUSTRIES TO THE EXTENT THAT THE SOCIAL AND ECONOMIC WELFARE OF THE REGION SHALL BE ENHANCED AND IMPROVED.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $654,833

Investment Income $17,892

Other Revenue $804,536

TOTAL REVENUE $1,477,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,231

Fundraising Expenses $0

Other Expenses $440,659

TOTAL EXPENSES $1,128,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,477,261	$1,021,731	+0.4%
Expenses	$1,128,890	$1,129,716	0.0%
Net Income	$348,371	$-107,985	-4.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$171,522

Total Directors

$171,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RINO SOAVE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM CAPALDI	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID STEUER	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID ALEXANDER	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL ARAGONA	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES P BABCOCK	BOARD MEMBER	0.50	Director	$0	$0	$0
ANITA BLENDER	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY BOSCO	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE BRYANT	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC BURGOON	BOARD MEMBER	0.50	Director	$0	$0	$0
BARBARA BURNHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER BURTON	BOARD MEMBER	0.50	Director	$0	$0	$0
FRED I CAPALDI	BOARD MEMBER	0.50	Director	$0	$0	$0
VITO CASTELLANA	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES CLARKE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRETT COHEN	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY COHEN	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTOPHER COMPO CGR CAPS	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS P DICKSTEIN RAM CRS GRI	BOARD MEMBER	0.50	Director	$0	$0	$0
DOMIANO DIMERCURIO	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK DITZEK	BOARD MEMBER	0.50	Director	$0	$0	$0
NORMAN FINKELSTEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
HERMAN FRANKEL	BOARD MEMBER	0.50	Director	$0	$0	$0
H WILLIAM FREEMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
BERNARD GLIEBERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JO GOLDA	BOARD MEMBER	0.50	Director	$0	$0	$0
DARSHAN SINGH GREWAL	BOARD MEMBER	0.50	Director	$0	$0	$0
SUNNY GREWAL	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK F GUIDOBONO	BOARD MEMBER	0.50	Director	$0	$0	$0
TODD HALLETT	BOARD MEMBER	0.50	Director	$0	$0	$0
JACK HEALY	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBORAH HERDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD A IVES	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT R JACOBSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RON JEDWAB	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLE JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID KELLETT SR	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN KELLY	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD KLIGMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD KOMER	BOARD MEMBER	0.50	Director	$0	$0	$0
HERBERT LAWSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RAY LEDUC	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN MACLEISH SR	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL MCCOLGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
STUART MICHAELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE MILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON MINOCK	BOARD MEMBER	0.50	Director	$0	$0	$0
DOMINIC J MOCERI	BOARD MEMBER	0.50	Director	$0	$0	$0
DARIAN NEUBECKER	BOARD MEMBER	0.50	Director	$0	$0	$0
SAM PALAZZOLO	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVEN PERLMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM PHILLIPS	BOARD MEMBER	0.50	Director	$0	$0	$0
ADORNO PICCININI	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD L PRATT	BOARD MEMBER	0.50	Director	$0	$0	$0
LYNNE PRATT	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK RENN	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL C ROBERTSON JR	BOARD MEMBER	0.50	Director	$0	$0	$0
SPENCER ROED	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON ROSENHAUS	BOARD MEMBER	0.50	Director	$0	$0	$0
REX ROSENHAUS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN SCACCIA	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT SCHWANKE	BOARD MEMBER	0.50	Director	$0	$0	$0
PHIL SEAVER	BOARD MEMBER	0.50	Director	$0	$0	$0
GILBERT BUZZ SILVERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN SZLITER	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN J TAGLIONE	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT M TEDESCO	BOARD MEMBER	0.50	Director	$0	$0	$0
BENJAMIN TEMPLETON	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM TILLMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL E TOBIN	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDY TRAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT VERESAN	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM WACKERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DEWAYNE WHITE	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK ELKOW ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
HELEN VELAS ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
GASPARE VITALE ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
FORREST WALL	EXECUTIVE DI	39.00	Officer Director	$165,000	$6,522	$171,522
BRIAN STARRS	VP - HBA TRA	39.00	Highest	$125,923	$34,140	$160,063
SUSAN ADLER SHANTEAU	VP - COMMUNI	39.00	Highest	$119,685	$19,748	$139,433
LEONARD JACOSKY	CONTROLLER	39.00	Highest	$106,250	$19,701	$125,951

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	$1,477,261	$1,128,890	$1,290,700	$348,371
2022	$1,021,731	$1,129,716	$836,316	$-107,985
2021	$1,017,067	$1,126,028	$761,773	$-108,961
2020	$1,132,837	$1,378,181	$742,097	$-245,344
2019	$1,568,110	$1,596,949	$1,491,417	$-28,839
2018	$1,565,805	$1,536,567	$1,419,649	$29,238

HOME BUILDERS ASSOCIATION OF SOUTHEASTERN MICHIGAN INC