HOME BUILDERS ASSOCIATION OF LAKE C

EIN: 591623355

TAVARES, FL

Total Revenue
$390,712
Total Expenses
$175,669
Total Assets
$440,079
Net Assets
$380,617
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
FL
Principal Officer
ADAM EDGINGTON
Phone
3523437101
Tax Period
2025-01-01 to 2025-12-31

HOME BUILDERS ASSOCIATION OF LAKE C, founded in 1975, is a small nonprofit that reported $391K in total revenue in fiscal year 2025. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $215K, a strong 55% operating margin.

Mission

THE HOME BUILDERS ASSOCIATION OF LAKE COUNTY SERVES APPROXIMATELY 160 CORPORATE AND INDIVIDUAL MEMBERS INVOLVED IN THE CONSTRUCTION AND RELATED INDUSTRIES, INCLUDING PROFESSIONAL HOMEBUILDERS, CONSTRUCTION-RELATED TRADESMEN AND REAL ESTATE INDUSTRY PARTNERS. ITS SERVICE AREA INCLUDES LAKE AND SUMTER COUNTIES AND MEMBERS ALSO BELONG TO BOTH THE FLORIDA AND NATIONAL ASSOCIATIONS. THE MISSION OF THE ASSOCIATION IS TO PROVIDE SERVICE, EDUCATION, INFORMATION AND NETWORKING OPPORTUNITIES TO THOSE MEMBERS AND TO USE ITS UNIFIED STRENGTH AND RESOURCES TO ENSURE THE HIGHEST POSSIBLE STANDARDS OF QUALITY, INTEGRITY AND PROFESSIONALISM WITHIN THE BUILDING INDUSTRY WHILE MONITORING GOVERNMENT TO ENSURE THE PRESERVATION OF THE AMERICAN DREAM OF OWNING A HOME. THESE AIMS ARE CARRIED OUT THROUGH NEWSLETTERS, MONTHLY DINNER MEETINGS WITH SPEAKERS, EDUCATIONAL SESSIONS, COMMUNITY EVENTS AND OTHER RELATED SERVICES.

Program Service Accomplishments

Program 1

FUNDS USED TO INFORM & EDUCATE MEMBERSHIP AND HELP WITH THEIR DEVELOPMENT BOTH PERSONALLY AND PROFESSIONALLY THROUGH MONTHLY DINNER MEETINGS, NEWSLETTERS, TRADE SHOWS, EXPOS, AND OTHER COMMUNITY...

Read more

FUNDS USED TO INFORM & EDUCATE MEMBERSHIP AND HELP WITH THEIR DEVELOPMENT BOTH PERSONALLY AND PROFESSIONALLY THROUGH MONTHLY DINNER MEETINGS, NEWSLETTERS, TRADE SHOWS, EXPOS, AND OTHER COMMUNITY EVENTS AND SERVICES. IN ADDITION, THE ORGANIZATION CONTINUES TO MONITOR GOVERNMENT AND SERVE AS AN ADVOCATE FOR MEMBERS AND THE COMMUNITY IN AN EFFORT TO PREVENT UNFAIR TAXING(I.E. IMPACT FEES) THAT MAY CAUSE FINANCIAL BURDEN ON THE MEMBERSHIP AND ECONOMY. ORGANIZATION ALSO HOLDS PERIODIC MEMBERSHIP NETWORKING EVENTS ("HARD HAT HAPPY HOUR") FOR MEMBERS AND THEIR GUESTS, AS WELL AS THEIR ANNUAL GENERAL MEMBERSHIP MEETING (WITH SPECIAL SPEAKERS, ETC.). MINIMAL ADMISSION IS CHARGED TO ASSIST WITH THE COST OF FOOD, VENUE, ETC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,505
Program Service Revenue $143,357
Investment Income $2,472
Other Revenue $241,378
TOTAL REVENUE $390,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,084
Fundraising Expenses $0
Other Expenses $121,585
TOTAL EXPENSES $175,669

Year-over-Year Comparison

2025 2024 Change
Revenue $390,712 $223,789 +0.7%
Expenses $175,669 $149,219 +0.2%
Net Income $215,043 $74,570 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
1
Volunteers
15

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
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOU BUIGAS BUILDER DIRE 3.00
Director
$0 $0 $0
MIKE CARTER LIFE DIRECTO 3.00
Director
$0 $0 $0
WILLIAM BUD DORMAN LIFE DIRECTO 5.00
Director
$0 $0 $0
ADAM EDGINGTON PRESIDENT 7.00
Officer Director
$0 $0 $0
PHIL FERN VICE PRESIDE 3.00
Director
$0 $0 $0
CHRISTIE FOLKER ASSOC VICE P 4.00
Director
$0 $0 $0
SHANE GERWIG ASSOCIATE DI 4.00
Director
$0 $0 $0
GEORGE HANSFORD LIFE DIRECTO 3.00
Director
$0 $0 $0
JEREMY HAUFF BUILDER DIRE 4.00
Officer Director
$0 $0 $0
LEESA HODGES BUILDER DIRE 3.00
Director
$0 $0 $0
JOHN KNOP ASSOCIATE DI 4.00
Director
$0 $0 $0
CARL LUDECKE LIFE DIRECTO 3.00
Director
$0 $0 $0
JIMMY MOORE BUILDER DIRE 3.00
Director
$0 $0 $0
MIKE NEACE BUILDER DIRE 3.00
Director
$0 $0 $0
JANET NOACK ASSOCIATE DI 2.00
Officer Director
$0 $0 $0
RICK ROJAS BUILDER DIRE 3.00
Director
$0 $0 $0
JUSTIN SHELTON IMMED PAST A 3.00
Officer Director
$0 $0 $0
NICK SMITH IMMED PAST P 4.00
Officer Director
$0 $0 $0
KADE TERRELL BUILDER DIRE 3.00
Director
$0 $0 $0
CLARENCE TIBBS LIFE DIRECTO 3.00
Director
$0 $0 $0
LAURA TOLBERT SECRETARY/TR 4.00
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
2025 $390,712 $175,669 $440,079 $215,043
2024 $223,789 $149,219 $307,950 $74,570
2023 $126,219 $143,167 $112,847 $-16,948
2022 $123,268 $157,099 $134,004 $-33,831
2021 $129,921 $156,677 $184,223 $-26,756
2020 $155,987 $161,620 $188,864 $-5,633
2019 $161,290 $177,733 $222,605 $-16,443
2018 $202,601 $179,188 $218,070 $23,413
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HOME BUILDERS ASSOCIATION OF LAKE C with other nonprofits in Florida and across the country.