Home Building Industry Disaster Relief Fund Inc

What it reported doing in 2024

The home building industry disaster relief fund (hbidrf) has provided grants to charitable organizations that are working in areas impacted by disaster. Typically, the fund works with local nahb members and affiliated home builder associations to identify charities and charitable projects to support through the hbidrf. Since this fund was established in 2005, the hbidrf board of directors has approved over $2.2 million in grants that have been used in the following ways:- home builders institute (la.): to support the creation and/or expansion of job training programs in carpentry, concrete technologies, electrical hva and plumbing. - the university of southern Mississippi foundation/school of construction (miss): to develop and implement residential construction management and disaster response courses and alternate educational delivery mechanisms. - home builders institute (miss): to be used for pact training program to train individuals in construction craft skills for jobs in Mississippi's gulf coast home building industry. Programs that have a direct impact on rebuilding damaged community facilities and housing. Those projects include:- k-bar-b youth ranch/broadway, inc. (la.): to help repair the nonprofit residential treatment facility for children. - pine burr area council of the boy scouts of america (miss.): to help rebuild camptiak. - gulf coast women's center for nonviolence (miss.): to repair and rebuild damaged portions of the shelter and rape crisis center. - southwest Mississippi recovery network (miss.): to purchase building supplies and to repair homes in low-income, rural areas. - carpenter's helper (miss.): to fund charitable work that aims to correct deficient housing conditions for needy, disabled and disadvantaged community members. - united way of acadiana (la.): to repair as many households as possible in the vermilion parish. - housing solutions summit (la.): to help fund educational and charitable assistance portions of a conference that provided a forum for consumers and builders to learn about rebuilding their homes and their communities. - beacon of hope resource center (la.): to cover volunteer activities for a rebuilding/clean-up project in new orleans during nahb's state and local government affairs conference. - West Virginia katrina relief fund (miss.): to purchase building materials for a team traveling to Mississippi to rebuild homes. - salvation army for el paso flood relief (Texas ): to help the el paso region, which suffered devastating floods in august 2006. - Florida disaster recovery fund (fla.): to meet the long-term recovery needs of floridians impacted by natural disasters, restoring lives and communities. - second presbyterian church (ill): to purchase building materials for a team of Illinois builders traveling to Louisiana to rebuild homes. - salvation army of Kansas & western Missouri (kan.): to help greensburg residents rebuild their homes that were devastated by the tornados. - orland park christian reformed church (ill.): to purchase building materials for a team of Illinois builders traveling to Mississippi and Louisiana to rebuild homes. - master builders care foundation (wash.): to help residents in lewis county, Washington rebuild their homes that were damaged by severe floods. - the lending network (wash.): to help residents in thurston county, Washington rebuild homes damaged by severe floods. - rock county united way's long term flood recovery fund (wisc): to repair homes damaged by floods. - Louisiana homebuilders disaster relief fund (la.): to rebuild homes in new orleans affected by hurricane katrina. - hands on disaster response (Iowa): to repair homes damaged by floods. - lutheran social services (minn.): to repair homes damaged by floods. - partnership for children, families and adults (tenn.): to purchase building materials to repair homes damaged by a tornado. - united way of monroe county (miss.): to purchase building materials to repair homes damaged by a torn

Financial Efficiency

• Mission deployment rate: 86.2%; rating input score 86
• Program expense ratio: 97.4%; rating input score 97
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 25th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.6%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 11.95; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 194.6%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: -12.1% per year; rating input score 0; 26th percentile among comparable filings
• Revenue growth: 17.6% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: -5.9% per year; rating input score 0; 19th percentile among comparable filings