HOME BUILDERS ASSOCIATION OF THE H… - 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

Principal Officer

BRITTANY RYZENGA

Phone

6163926233

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF THE HOLLAND AREA INC is a small nonprofit that reported $502K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $453K left a modest 10% surplus.

Mission

TO FOSTER AN ECONOMIC AND SOCIAL CLIMATE THAT SIMTULATES THE PLANNING, CONSTRUCTION, REMODELING, AND MARKETING OF QUALITY, AFFORDABLE HOMES.

Program Service Accomplishments

Program 1

Expenses: $367,516 Revenue: $99,528

THE GOAL OF THE ORGANIZATION IS TO FOSTER AN ECONOMIC AND SOCIAL CLIMATE THAT STIMULATES THE PLANNING, CONSTRUCTION, REMODELING, AND MARKETING OF QUALITY, AFFORDABLE, ENERGY EFFICIENT HOMES. THE...

THE GOAL OF THE ORGANIZATION IS TO FOSTER AN ECONOMIC AND SOCIAL CLIMATE THAT STIMULATES THE PLANNING, CONSTRUCTION, REMODELING, AND MARKETING OF QUALITY, AFFORDABLE, ENERGY EFFICIENT HOMES. THE ORGANIZATION MAINTAINED 392 MEMBERS FOR THE YEAR INCLUDING LOCAL BUILDERS, CONTRACTORS AND OTHER BUSINESSES AND INDIVIDUALS RELATED TO THE BUILDING TRADES. THE ORGANIZATION ACTS AS AN ADVOCATE FOR THE LOCAL BUILDING TRADES BY NETWORKING WITH POLITICAL AND SOCIAL LEADERS. THE ORGANIZATION ALSO ORGANIZES AN ANNUAL PARADE OF HOMES, WHERE MEMBER ORGANIZATIONS CAN SHOW HOMES FOR SALE AND DISPLAY THEIR CRAFTMANSHIP. THE PARADE OF HOMES INCLUDED 19 SITES IN THE WEST MICHIGAN AREA IN 2023. THE ORGANIZATION PRODUCED A PARADE OF HOMES ADVERTISING DIRECTORY IN ORDER TO PROMOTE THE EVENT AND THE LOCATIONS ON THE PARADE. THE ORGANIZATION ALSO RUNS THE LAKESHORE HOME BUILDING AND REMODELING SHOW, WHICH FEATURED THE LATEST NEWS AND TIPS IN HOME BUILDING AND REMODELING, ATTEND SEMINARS, AND SHOWCASED CAREERS IN CONSTRUCTION.

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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 $228,744

Program Service Revenue $180,189

Investment Income $6,541

Other Revenue $86,547

TOTAL REVENUE $502,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,615

Fundraising Expenses $11,146

Program Expenses $367,516

Other Expenses $265,928

TOTAL EXPENSES $452,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,021	$413,839	+0.2%
Expenses	$452,543	$388,042	+0.2%
Net Income	$49,478	$25,797	+0.9%

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

$90,148

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SCHUTMAAT	PRESIDENT	0.25	Officer Director	$0	$0	$0
RYAN SPENCER	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
MATT BAKKER	TREASURER	0.25	Officer Director	$0	$0	$0
ERIC PAYNE	SECRETARY	0.25	Officer Director	$0	$0	$0
JEFF SWIERENGA	DIRECTOR	0.25	Director	$0	$0	$0
BEN VANDORT	DIRECTOR	0.25	Director	$0	$0	$0
MIKE BOSGRAAF	DIRECTOR	0.25	Director	$0	$0	$0
RICK ROTTSCHAFER	DIRECTOR	0.25	Director	$0	$0	$0
BRAD VANDER ZWAAG	DIRECTOR	0.25	Director	$0	$0	$0
JASON SLENK	DIRECTOR	0.25	Director	$0	$0	$0
SHAVE VORK	DIRECTOR	0.25	Director	$0	$0	$0
COREY BRUURSEMA	DIRECTOR	0.25	Director	$0	$0	$0
DREW DEMEESTER	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD TEASE	DIRECTOR	0.25	Director	$0	$0	$0
ADAM DUERKSEN	DIRECTOR	0.25	Director	$0	$0	$0
BRITTANY RYZENGA	CEO	40.00	Officer	$90,148	$0	$90,148

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	$502,021	$452,543	$564,459	$49,478
2022	$413,839	$388,042	$471,988	$25,797
2021	$278,168	$299,746	$457,912	$-21,578
2020	$344,155	$307,403	$390,450	$36,752
2019	$305,500	$323,757	$394,823	$-18,257
2018	$324,003	$333,258	$367,098	$-9,255

HOME BUILDERS ASSOCIATION OF THE HOLLAND AREA INC