Home Builders Association of Louisville Inc

Nonprofit profile at a glance

EIN
610409461
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
Louisville, KY, USA
Phone
5024296000
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,851,032
Expenses
$1,807,085
Assets
$2,998,129
Liabilities
$235,783

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

Leadership & pay

33 people listed

Executive titles in this filing

  • JUVA BARBER (EXECUTIVE VICE-PRESIDENT)
  • DAVID HOBBS (ASSOCIATE VICE PRESIDENT)
  • RICH HEARETH JR (IMMEDIATE PAST PRESIDENT)
  • BOBBY MCCORMICK (ASSOCIATE VICE PRESIDENT)
  • CHASE THIENEMAN (VICE PRESIDENT)
  • TREVOR BROWN (PRESIDENT)

Highest reported compensation

  • JUVA BARBER (EXECUTIVE VICE-PRESIDENT): $267,098 total reported compensation
  • KATHRYN HALLER (DIRECTOR OF EVENTS AND MEMBER ENGAGEMENT): $120,668 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 associate home builders and all other branches of the home building industry to the benefit of members & the general public through the various trade shows, publications and other medium that the association sponsors.

What it reported doing in 2025

Education/workforce development - the organization conducts education and training classes for members of the building industry to maintain knowledge and skills in the most current building requirements and trends.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 77
  • Accountability: 63
  • Sustainability: 41
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: 2.4%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -8.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 31 of 31 board members independent · 1 of 8 filing controls reported
  • Programs: 9 filed program accomplishments
  • Leadership: top reported pay $267K · 33 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 10 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.