Home Builders Assoc of Central Virginia Inc

Nonprofit profile at a glance

EIN
540719770
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Lynchburg, VA, USA
Phone
4343856018
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$92,506
Expenses
$151,310
Assets
$694,780
Liabilities
$226

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KENAN BELL (PRESIDENT)

Highest reported compensation

  • MATT HOLLEY (EXECUTIVE DI): $59,372 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

-to maintain and enhance a professional image for the association and its members in the eyes of the public, local government & community leaders; -to promote business opportunities for members; -to be active in the development and growth of the region; -to be the clearinghouse of industry information and education for members; -to be a strong team member in partnership with the local and state government to promote and provide affordable, safe and quality residential and commercial construction; -to encourage participation and active involvement among the members; -to be a astrong team member in partnership with all local home builders associations to represent southwestern Virginia at the state level; -to be a leader in developing the availability of skilled labor.

What it reported doing in 2025

Professional association for builders and their associates. Meeting and lectures held for members. Publish monthly newsletters.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68%; rating input score 68
  • Program expense ratio: 36.5%; rating input score 37
  • Fundraising efficiency: $3.32 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -63.6%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 4.59; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 39.2%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 10.1% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 68% of revenue deployed · 36.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $55K in reported program spending
  • Leadership: top reported pay $59K · 7 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 37/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.