HOME BUILDING ASSOCIATION OF RICHMOND

EIN: 540472979

RICHMOND, VA

Total Revenue
$1,291,398
Total Expenses
$1,276,434
Total Assets
$4,728,342
Net Assets
$4,547,607
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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
1946
Legal Domicile
VA
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 $1.3M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $4.5M represent 42 months of operating reserves.

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.

Program Service Accomplishments

Program 1

PARADE OF HOMES: TOUR OF NEW AND REMODELED HOMES IN THE RICHMOND AREA,IN WHICH SELECTIONS IN HOME DESIGNS, CONSTRUCTION TECHNIQUES AND MATERIALS ARE DISPLAYED FOR PURCHASERS AND BUILDERS.

Program 2

NETWORKING AND EDUCATIONAL EVENTS BUILD BUSINESS TO BUSINESS RELATIONSHIPS, COLLABORATION, AND PROFESSIONAL DEVELOPMENT AMONG MEMBERS OF THE ASSOCIATION THROUGHOUT THE YEAR.

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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%)

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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

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Governance

Voting Members
36
Independent Members
35
Employees
5
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
6
$153,309
Total Directors
36
$153,309
Key Employees
0
$0
Highest Compensated
0
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
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