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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Financial Vulnerability Assessment (Tuckman-Chang)

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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 $1.4M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 12% surplus.

Mission

TO ENSURE THE VITALITY OF THE BUILDING INDUSTRY

Program Service Accomplishments

Program 1

LEGISLATIVE AND REGULATORY ACTIVITIES ARE CONDUCTED TO ENSURE THAT LAWS AND POLICIES ARE ADOPTED TO FURTHER PROTECT HOUSING AND HOMEOWNERSHIP IN VIRGINIA. THE ASSOCIATION INFORMS AND EDUCATES THE...

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LEGISLATIVE AND REGULATORY ACTIVITIES ARE CONDUCTED TO ENSURE THAT LAWS AND POLICIES ARE ADOPTED TO FURTHER PROTECT HOUSING AND HOMEOWNERSHIP IN VIRGINIA. THE ASSOCIATION INFORMS AND EDUCATES THE RESIDENTIAL CONSTRUCTION INDUSTRY ON NEWLY ADOPTED LAWS AND REGULATIONS TO COMPLY.

Program 2

HBAV'S VIRGINIA BUILDERS SUMMIT & EXPO PROVIDES THE RESIDENTIAL CONSTRUCTION INDUSTRY WITH EDUCATION AND ACCESS TO THE LATEST BUILDING PRODUCTS, TECHNIQUES, AND BEST PRACTICES.

Program 3

HBAV'S ANNUAL CONFERENCE AND HOUSING EXCELLENCE PROVIDES MEMBER EDUCATION AND INDUSTRY RECOGNITION FOR LEADERS THAT HAVE ADVANCED THE RESIDENTIAL CONSTRUCTION INDUSTRY IN VIRGINIA.

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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 $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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