HOME BUILDING ASSOCIATION OF RICHMOND (EIN 540472979) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

DANNA MARKLAND

Phone

8042820400

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDING ASSOCIATION OF RICHMOND, founded in 1946, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 11% surplus.

Mission

OUR VISION IS TO CHAMPION HOUSING AND THE COMMUNITY. OUR MISSION IS TO PROVIDE LEADERSHIP TO DEVELOP INNOVATIVE PROGRAMS THAT ENABLE OUR COMMUNITY TO THRIVE. USING RESEARCH, EDUCATION AND PUBLIC RELATIONS, WE WILL BE A CREDIBLE RESOURCE BUILDING A STRONG COALITION FOR THE CURRENT AND FUTURE BENEFIT OF OUR ASSOCIATION AND COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $426,623

Program Service Revenue $567,058

Investment Income $167,119

Other Revenue $130,598

TOTAL REVENUE $1,291,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,333

Fundraising Expenses $0

Other Expenses $758,101

TOTAL EXPENSES $1,276,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,291,398	$1,923,718	-0.3%
Expenses	$1,276,434	$1,690,610	-0.2%
Net Income	$14,964	$233,108	-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

100

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

$153,309

Total Directors

$153,309

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNA MARKLAND	CEO	40.00	Officer Director	$143,709	$9,600	$153,309
TRICIA SMITH	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JONATHAN RIDOUT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SPEN CUSTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT O'CONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL BODE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH KELLAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD JOYCE	VP BUILDER	1.00	Officer Director	$0	$0	$0
JEFF TUNSTALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCNULTY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRIPP COSTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN COSTELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
CATINA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
PERRY SHELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW BASHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
PRESTON LLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK ASHLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BUNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY DRUHOT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM KACANI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHASE LOOMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDY NICKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PERKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT RAGGI	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
IVAN WU	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS O'BRIEN	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KUHN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELVIN WATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BROCK WIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MELODY HACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM PARENT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT REID	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$1,291,398	$1,276,434	$4,728,342	$14,964
2023	$1,923,718	$1,690,610	$4,336,944	$233,108
2022	$1,195,699	$1,181,348	$4,256,884	$14,351
2021	$1,552,331	$1,314,871	$4,565,404	$237,460
2020	$1,063,077	$901,707	$3,779,836	$161,370
2019	$1,243,923	$1,260,458	$3,717,750	$-16,535
2018	$1,477,424	$1,309,845	$3,255,932	$167,579

HOME BUILDING ASSOCIATION OF RICHMOND