KALAMAZOO, MI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN, founded in 1947, is a small nonprofit that reported $655K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $610K left a modest 7% surplus.
THE HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN EXISTS SO THAT MEMBERS OF THE RESIDENTIAL CONSTRUCTION INDUSTRY CAN CONDUCT THEIR BUSINESS ETHICALLY AND EFFICIENTLY TO PROVIDE OUR COMMUNITIES WITH SAFE, QUALITY, AFFORDABLE HOUSING, AND TO PROMOTE HOME OWNERSHIP. FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES THE HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN'S MISSION IS TO SUPPORT THE MEMBERS OF THE ASSOCIATION AND REPRESENT THE RESIDENTIAL CONSTRUCTION AND REMODELING INDUSTRY IN OUR TERRITORY (COUNTIES OF KALAMAZOO, CALHOUN, VAN BUREN, BRANCH, ST. JOSEPH, BARRY AND THE EASTERN HALF OF ALLEGAN). THE ASSOCIATION PROMOTES QUALITY AND PROFESSIONALISM IN RESIDENTIAL NEW CONSTRUCTION AND REMODELING. WE CONNECT THE COMMUNITY WITH MEMBER BUSINESSES THEY CAN TRUST AS HBA MEMBERS MUST BE APPROPRIATELY LICENSED AND INSURED AND VOLUNTARILY DO BUSINESS FOLLOWING THE ASSOCIATIONS STRICT CODE OF ETHICS. WE ADVOCATE ON BEHALF OF OUR MEMBERS AND HOMEOWNERS BY ADVOCATING FOR POLICIE
THE ANNUAL HOME AND GARDEN EXPO IS THE PREMIER OPPORTUNITY FOR THE COMMUNITY TO CONNECT WITH THE MEMBERS OF THE HBA. THE EXPO SHOWCASES THE NEWEST BUILDING AND REMODELING TRENDS, SUSTAINABLE AND...
THE ANNUAL HOME AND GARDEN EXPO IS THE PREMIER OPPORTUNITY FOR THE COMMUNITY TO CONNECT WITH THE MEMBERS OF THE HBA. THE EXPO SHOWCASES THE NEWEST BUILDING AND REMODELING TRENDS, SUSTAINABLE AND GREEN PRACTICES, HOME AND GARDEN PRODUCTS, PROVIDES ATTENDEES WITH OPPORTUNITIES AND IDEAS TO IMPROVE THEIR HOME - ALL TO HELP HOMEOWNERS BETTER MAINTAIN WHAT IS TYPICALLY A FAMILY'S MOST VALUABLE PHYSICAL ASSET. EDUCATIONAL SESSIONS AND SEMINARS ARE OFFERED ON TOPICS OF INTEREST RELATED TO HOMEOWNERSHIP.
THE ANNUAL PARADE OF HOMES GIVES AREA RESIDENTS THE OPPORTUNITY TO TOUR NEW AND REMODELED HOMES DEMONSTRATING THE LATEST IN NEW HOME CONSTRUCTION AND REMODELING. FEATURING CUTTING EDGE INTERIOR...
THE ANNUAL PARADE OF HOMES GIVES AREA RESIDENTS THE OPPORTUNITY TO TOUR NEW AND REMODELED HOMES DEMONSTRATING THE LATEST IN NEW HOME CONSTRUCTION AND REMODELING. FEATURING CUTTING EDGE INTERIOR DESIGN, ENERGY EFFICIENCY, CONSTRUCTION PRACTICES, TECHNOLOGY, LANDSCAPING AND ARCHITECTURE, THE PARADE INSTILLS A PASSION TO KEEP OUR COMMUNITIES NOT ONLY LOOKING GREAT BUT RUNNING EFFICIENTLY AND AFFORDABLY. WE SUPPORT COMMUNITY SERVICE GROUPS BY GIVING THEM THE OPPORTUNITY TO STAFF A PARADE HOME WHERE THE SERVICE GROUP CAN INFORM PARADE ATTENDEES ON HOW THEIR ORGANIZATION MAKES WESTERN MICHIGAN A BETTER PLACE TO LIVE.
MEMBER DEVELOPMENT AND SUPPORT IS KEY TO HELPING MEMBER ORGANIZATIONS GROW AND IMPROVE CONSTRUCTION AND REMODELING PRACTICES FOR HOMEOWNERS THROUGHOUT WESTERN MICHIGAN. EDUCATIONAL OFFERINGS...
MEMBER DEVELOPMENT AND SUPPORT IS KEY TO HELPING MEMBER ORGANIZATIONS GROW AND IMPROVE CONSTRUCTION AND REMODELING PRACTICES FOR HOMEOWNERS THROUGHOUT WESTERN MICHIGAN. EDUCATIONAL OFFERINGS, INCLUDING THE REQUIRED MICHIGAN 60-HOUR LICENSE PREP COURSE AND CONTINUING EDUCATION IMPORTANT TO ENSURE HBA MEMBERS ARE AHEAD OF THE CURVE ON IMPORTANT SAFETY, DESIGN, SUSTAINABILITY, REGULATORY, LEGISLATIVE AND CONSTRUCTION ISSUES IMPACTING HOMEOWNERSHIP. FOR EXAMPLE, GUIDE FAMILIES WHEN DESIGNING FOR LOVED ONES TO 'AGE IN PLACE', OR THE LATEST ENERGY EFFICIENT SUSTAINABLE BUILDING PRACTICES. BEYOND MEMBER EDUCATION, THE HBA COLLABORATES WITH OTHER ENTITIES FOR NEW ATTAINABLE HOME CONSTRUCTION IN AREAS WHERE NEW CONSTRUCTION IS OTHERWISE ECONOMICALLY IMPOSSIBLE. THE HBA PROVIDES RESOURCES FOR LICENSING MINORITY CONTRACTORS IN UNDERSERVED NEIGHBORHOODS. THE HBA ALSO SUPPORTS OPPORTUNITIES FOR MEMBER-TO-MEMBER MENTORING, SCHOLARSHIPS, WORKFORCE DEVELOPMENT AND MORE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $654,510 | $599,416 | +0.1% |
| Expenses | $609,772 | $595,818 | +0.0% |
| Net Income | $44,738 | $3,598 | +11.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| AARON HOVESTADT | CEO | 40.00 |
Officer
|
$101,500 | $3,045 | $104,545 |
| KEITH OSBORNE | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SERA GESMUNDO | FIRST VICE P | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LUKE ALBRECHT | ASSOC VICE P | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT DELOOF | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ASHLEY DAVIS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TROY CUVLIER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ERIC MAGNUSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY ROSE ROBINSON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DARNELL CLAY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JD LUTZ | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| STEVE ROBERTS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $654,510 | $609,772 | $561,912 | $44,738 |
| 2022 | $599,416 | $595,818 | $387,339 | $3,598 |
| 2021 | $328,067 | $435,360 | $379,894 | $-107,293 |
| 2020 | $682,185 | $571,723 | $422,325 | $110,462 |
| 2019 | $804,562 | $810,856 | $600,754 | $-6,294 |
Compare HOME BUILDERS ASSOCIATION OF WESTERN MICHIGAN with other nonprofits in Michigan and across the country.