KALAMAZOO, MI
4 risk indicators measuring financial stability and operational resilience
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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
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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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
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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.