GREATER MONTGOMERY HOME BUILDERS ASSOCIATION INC

EIN: 630333531

MONTGOMERY, AL

Total Revenue
$572,405
Total Expenses
$503,972
Total Assets
$2,193,062
Net Assets
$2,134,503
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AL
Principal Officer
ANGELA ALLEN
Phone
3342777766
Tax Period
2024-01-01 to 2024-12-31

GREATER MONTGOMERY HOME BUILDERS ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $677K in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 22% operating margin.

Mission

WE ARE A TRUSTED COMMUNITY RESOURCE THAT PROMOTES PROFESSIONALISM IN THE HOME BUILDING INDUSTRY BY PROVIDING EDUCATION, LEGISLATIVE OVERSIGHT, MARKETING AND NETWORKING OPPORTUNITIES TO OUR MEMBERS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $310,898
Program Service Revenue $42,007
Investment Income $197,913
Other Revenue $21,587
TOTAL REVENUE $572,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $268,527
Fundraising Expenses $0
Other Expenses $232,024
TOTAL EXPENSES $503,972

Year-over-Year Comparison

2024 2023 Change
Revenue $572,405 $555,766 +0.0%
Expenses $503,972 $454,353 +0.1%
Net Income $68,433 $101,413 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
4
Volunteers
23

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
$87,549
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY ADAMS 1ST VP 0.10
Officer Director
$0 $0 $0
CHAD STEARNS BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID STRICKLAND 2ND VP 0.10
Officer Director
$0 $0 $0
CHRIS KIMBRO BOARD MEMBER 0.10
Director
$0 $0 $0
COLEMAN FARRIOR PAST PRESIDENT 0.10
Director
$0 $0 $0
BEN BYRD BOARD MEMBER 0.10
Director
$0 $0 $0
HUGH COLE BOARD MEMBER 0.10
Director
$0 $0 $0
DOUG FUHRMAN SECRETARY 1.00
Officer Director
$0 $0 $0
JIMMY RUTLAND BOARD MEMBER 0.10
Director
$0 $0 $0
JOE SELLERS BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL TOLES BOARD MEMBER 0.10
Director
$0 $0 $0
JIM MATHEWS BOARD MEMBER 0.10
Director
$0 $0 $0
WILLIAM RHODES PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID LISENBY BOARD MEMBER 0.10
Director
$0 $0 $0
JOSIE YOUNG TREASURER 1.00
Officer Director
$0 $0 $0
ASHLEY ROWE BOARD MEMBER 0.10
Director
$0 $0 $0
NICK GALLOWAY BOARD MEMBER 0.10
Director
$0 $0 $0
GREG MITCHUM BOARD MEMBER 0.10
Director
$0 $0 $0
JASON SMITH BOARD MEMBER 0.10
Director
$0 $0 $0
LANE YOUNG BOARD MEMBER 0.10
Director
$0 $0 $0
FORREST MEADOWS BOARD MEMBER 0.10
Director
$0 $0 $0
HEATHER PHILLIPS BOARD MEMBER 0.10
Director
$0 $0 $0
JOE LISENBY BOARD MEMBER 0.10
Director
$0 $0 $0
ANGELA ALLEN EXECUTIVE DIRECTOR 40.00
Officer
$79,534 $8,015 $87,549
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 $572,405 $503,972 $2,193,062 $68,433
2023 $555,766 $454,353 $2,041,832 $101,413
2022 $455,429 $443,098 $1,899,621 $12,331
2021 $534,042 $420,258 $2,019,923 $113,784
2020 $470,297 $434,078 $1,821,703 $36,219
2019 $548,248 $533,080 $1,730,009 $15,168
2018 $677,359 $527,808 $1,659,677 $149,551
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