HOME BUILDERS ASSOCIATION OF VIRGINIA

EIN: 540681477

RICHMOND, VA

Total Revenue
$1,393,161
Total Expenses
$1,225,879
Total Assets
$2,935,433
Net Assets
$2,220,235
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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
1956
Legal Domicile
VA
Principal Officer
CRAIG TOALSON
Phone
8046432797
Tax Period
2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF VIRGINIA, founded in 1956, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $271K, a strong 22% operating margin.

Mission

TO ENSURE THE VITALITY OF THE BUILDING INDUSTRY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $700,049
Program Service Revenue $439,238
Investment Income $132,779
Other Revenue $121,095
TOTAL REVENUE $1,393,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $664,732
Fundraising Expenses $0
Other Expenses $561,147
TOTAL EXPENSES $1,225,879

Year-over-Year Comparison

2024 2023 Change
Revenue $1,393,161 $1,370,362 +0.0%
Expenses $1,225,879 $1,194,319 +0.0%
Net Income $167,282 $176,043 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
25
Employees
5
Volunteers
8

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
7
$415,145
Total Directors
27
$415,145
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG TOALSON CHIEF EXEC O 40.00
Officer Director
$185,500 $47,805 $233,305
C ANDREW CLARK GOVERNMENT R 40.00
Officer Director
$161,000 $20,840 $181,840
BRIAN DAVIDSON IMMED.PAST P 1.00
Officer Director
$0 $0 $0
SCOTT WILLIAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
DAN SANDOVAL TRUSTEE 1.00
Director
$0 $0 $0
JACKIE BATES TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN BOYLE TRUSTEE 1.00
Director
$0 $0 $0
JEFF BRUZZESI TRUSTEE 1.00
Director
$0 $0 $0
SHAWN CALLAHAN TRUSTEE 1.00
Director
$0 $0 $0
ROB FROGALE TRUSTEE 1.00
Director
$0 $0 $0
JEH HICKS TRUSTEE 1.00
Director
$0 $0 $0
SCOTT HINE TRUSTEE 1.00
Director
$0 $0 $0
DANIEL JONES TRUSTEE 1.00
Director
$0 $0 $0
HANS KLINGER 1ST VP/TREAS 1.00
Officer Director
$0 $0 $0
KEVIN MCNULTY TRUSTEE 1.00
Director
$0 $0 $0
BUTCH JEFFERSON TRUSTEE 1.00
Director
$0 $0 $0
MIKE SANDKUHLER 2ND VP 1.00
Officer Director
$0 $0 $0
CARMELA PATRICK TRUSTEE 1.00
Director
$0 $0 $0
NATHAN TRICE TRUSTEE 1.00
Director
$0 $0 $0
ALICIA SMITH TRUSTEE 1.00
Director
$0 $0 $0
FRANK BALLIF TRUSTEE 1.00
Director
$0 $0 $0
DOUG BENNETT TRUSTEE 1.00
Director
$0 $0 $0
ALICIA COX SKOUG TRUSTEE 1.00
Director
$0 $0 $0
ZACK SNELL TRUSTEE 1.00
Director
$0 $0 $0
CAROL CAPORELLI TRUSTEE 1.00
Director
$0 $0 $0
GENE BROWN TRUSTEE 1.00
Director
$0 $0 $0
JASON KLAUKA ASSOC VP 1.00
Officer 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 $1,393,161 $1,225,879 $2,935,433 $167,282
2023 $1,370,362 $1,194,319 $2,646,170 $176,043
2022 $1,120,405 $1,007,204 $2,433,732 $113,201
2021 $1,140,915 $917,931 $2,262,595 $222,984
2020 $850,294 $773,885 $1,941,444 $76,409
2019 $1,210,683 $939,840 $1,676,664 $270,843
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