Home Builders Association of Hartford County Charitable Fdn Inc
Nonprofit profile at a glance
- EIN
- 274351347
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Rocky Hill, CT, USA
- Phone
- 8605634212
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $1,919
- Expenses
- $54,803
- Assets
- $49,505
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- ERIC PERSON (CHIEF EXECUT)
- LIZ KOIVA (CHAIR & DIRE)
- JOEL GROSSMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation provides a charitable outlet for the home builders association of hartford county, inc. By promoting safe and affordable housing through safety education, construction training, and assistance to home builders, aspiring home builders, homeowners and asipiring home owners. The foundation will work on its own and provide in-kind financial assistance to organizations that further these goals, such as the salvation army, rebuilding hartford together, bread for life and other home builder related charitable organizations.
What it reported doing in 2024
Promoting safe and affordable housing through safety education, construction training, and assistance to home builders, owners and the like in hartford, ct.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2,755.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 13.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -7.8% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $55K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.