HOME BUILDERS ASSOCIATION OF GREAT… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

TOM CLOUSE

Phone

6162812021

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF GREATER GRAND RAPIDS, founded in 1956, is a small nonprofit that reported $596K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $516K left a modest 13% surplus.

Mission

TO EMPOWER OUR MEMBERS TO SUCCEED THROUGH EDUCATION, ADVOCACY, NETWORKING, AND PROMOTION.

Program Service Accomplishments

Program 1

THE ORGANIZATION COORDINATES ANNUAL SPRING AND FALL PARADES OF HOMES. THESE EVENTS SHOWCASE HOMES BUILT BY LOCAL BUILDERS. TICKETS ARE SOLD TO MEMBERS OF THE GENERAL PUBLIC ANNUALLY.

Program 2

TWO TRADE SHOWS ARE SPONSORED EACH YEAR WITH EXHIBITORS WHO HAVE AN OPPORTUNITY TO PROMOTE THEIR PRODUCTS.

Program 3

MEMBERSHIP MEETINGS AND EVENTS ARE HELD REGULARLY WHERE COMMUNICATION IS MADE TO MEMBERS REGARDING THE OBJECTIVES/RESPONSIBILITIES OF HOME BUILDERS AND TO ENCOURAGE IMPROVEMENT AND PROVIDE AN...

MEMBERSHIP MEETINGS AND EVENTS ARE HELD REGULARLY WHERE COMMUNICATION IS MADE TO MEMBERS REGARDING THE OBJECTIVES/RESPONSIBILITIES OF HOME BUILDERS AND TO ENCOURAGE IMPROVEMENT AND PROVIDE AN OPPORTUNITY TO NETWORK. AN AVERAGE OF 40 MEMBERS PER MONTH ATTEND THE MEETINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $253,747

Program Service Revenue $320,483

Investment Income $6,117

Other Revenue $15,876

TOTAL REVENUE $596,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,215

Fundraising Expenses $0

Other Expenses $335,941

TOTAL EXPENSES $516,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,223	$651,524	-0.1%
Expenses	$516,156	$541,511	0.0%
Net Income	$80,067	$110,013	-0.3%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$106,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE SIEREVELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL MCGRAW	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEREK ANDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM CLOUSE	TREASURER	2.00	Officer Director	$0	$0	$0
HENRY WESTERHUIS	DIRECTOR	1.00	Director	$0	$0	$0
TROY DEHOOP	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KIK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
DON MILES	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA LYON	EXECUTIVE DIRECTOR	40.00	Director	$106,268	$0	$106,268

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	$596,223	$516,156	$714,386	$80,067
2023	$651,524	$541,511	$668,011	$110,013
2022	$533,242	$481,439	$568,611	$51,803
2021	$599,661	$464,046	$491,012	$135,615
2020	$599,808	$539,838	$325,364	$59,970
2019	$791,778	$652,598	$288,292	$139,180
2018	$818,948	$909,707	$306,195	$-90,759

HOME BUILDERS ASSOCIATION OF GREATER GRAND RAPIDS