2024-11-15T12:59:16-06:00 2023-12-31 274162943 LOTT FULLER & ASSOCIATES PLLC 944 HIGHWAY 51 SUITE 2 MADISON MS 39110 990 2023-01-01 640536221 HOME BUILDERS ASSOCIATION OF MISSISSIPPI HOME 8008984226 PO BOX 3373 RIDGELAND MS 39158 CARL SANDBERG PRESIDENT 8008984226 2024-11-12 1 1 E GRACE LOTT FULLER CPA P01288535 6017909727 2023 2024-10-15 13:58:12Z MILES P NELSON 447 NORTHPARK DRIVE RIDGELAND MS 39157 855510 0 X WWW.HBAM.COM X 1961 MS THE HOME BUILDERS ASSOCIATION OF MISSISSIPPI (HBAM) IS A TRADE ORGANIZATION WHICH ASSISTS HOME BUILDERS IN MISSISSIPPI BY PROMOTING, ADVANCING, AND PROTECTING THE HOUSING INDUSTRY. 59 59 4 0 43098 0 134570 118491 84726 90396 134644 77846 183131 169736 537071 456469 0 0 0 0 193434 122118 0 0 0 342594 584686 536028 706804 1043 -250335 2775545 2536614 13968 25372 2761577 2511242 X THE HOME BUILDERS ASSOCIATION OF MISSISSIPPI (HBAM) IS A TRADE ORGANIZATION WHICH ASSISTS IN "BUILDING A BETTER MISSISSIPPI" BY PROMOTING, ADVANCING, AND PROTECTING THE HOUSING INDUSTRY. HBAM IS THE STATEWIDE ASSOCIATION AFFILIATED WITH THE LOCAL HOME BUILDER ASSOCIATIONS AND THE NATIONAL HOME ASSOCIATION OF HOME BUILDERS. THROUGH ADVOCACY, SAVINGS, KNOWLEDGE AND EXPERTISE, THESE ASSOCIATIONS PROVIDE MEMBERSHIP BENEFITS AND RESOURCES TO FURTHER THE HOUSING INDUSTRY THROUGHOUT THE STATE. 0 0 575165 378623 PROMOTING, ADVANCING, AND PROTECTING THE HOUSING INDUSTRY THROUGH ADVOCACY AND EDUCATION FOR MEMBERS. 575165 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 1 0 1 3 0 4 1 1 1 0 0 0 1 1 0 0 0 X 59 59 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DIANE PETERS 8008984226 447 NORTHPARK DRIVE RIDGELAND MS 39157 JON MICHAEL RAINEY SECRETARY/TREASURER 2.00 X X 0 0 0 CARL SANDBERG PRESIDENT 2.00 X X 0 0 0 DEBORAH MIGUES ASSOCIATE VICE PRESIDENT 2.00 X X 0 0 0 BRAD BAGGETT VICE PRESIDENT 2.00 X X 0 0 0 MILES P NELSON EXECUTIVE VP 40.00 X 100000 0 0 100000 0 0 0 0 0 0 0 118491 118491 STATE CONVENTION INCOM 84896 84896 WINTER MEETING INCOME 5500 5500 90396 75238 75238 25750 25002 748 748 748 376647 374039 2608 2608 2608 HBAM-WORKERS COMPENSAT 90978 90978 HBAM-PIT MASTER BBQ EV 541800 24250 24250 BEST IN MISSISSIPPI 541800 18100 18100 35660 32860 2800 168988 456469 201102 43098 93778 93572 93572 4175 4175 8056 8056 16315 16315 29338 29338 5941 5941 18633 18633 4538 4538 41344 41344 18548 18548 120933 120933 146962 146962 22923 22923 13297 13297 GOVERNMENTAL AFFAIRS 148005 148005 LOCAL ASSOCIATIONS 8999 8999 LEADERSHIP TRAINING 3821 3821 BONDED BUILDERS EXPENSE 1404 1404 706804 575165 131639 0 42079 35093 411236 358749 3455 1533 746976 51142 719613 695834 1599162 1445405 2775545 2536614 13968 25372 13968 25372 X 2761577 2511242 2761577 2511242 2775545 2536614 -250335 0 X 1 X 0 1 0 144734 BUILD PAC 290 COMMERCE PARK DRIVE SUITE B RIDGELAND MS 39157 16250 0 0 0 134556 16250 16250 16250 PART I-A, LINE 1: THIS ENTITY COLLECTS POLITICAL CONTRIBUTIONS EARMARKED FOR THE BUILD PAC SEGREGATED FUND AS DESCRIBED IN SECTION IV. SCHEDULE C, PART IV ADDITIONAL INFORMATION BUILD PAC IS A POLITICAL ACTION COMMITTEE THAT WAS CREATED TO ASSIST IN THE ELECTION OF PRO-HOUSING AND PRO-BUSINESS CANDIDATES FOR STATE OFFICES, JUDICIAL OFFICES, AND THE LEGISLATURE. BUILD PAC IS CONSIDERED A SECTION 527 SEGREGATED FUND. ALL MEMBER DUES OF HBAM THAT ARE EARMARKED FOR THE SEGREGATED FUND ARE PROMPTLY AND DIRECTLY TRANSFERRED TO THE BUILD PAC FUND. THE BUILD PAC REPORTS ITS OPERATIONS DIRECTLY TO THE MISSISSIPPI SECRETARY OF STATE. 50000 50000 601834 28404 573430 95142 22738 72404 695834 CREDIT CARD PAYABLE 7857 OTHER PAYABLES 823 PAYROLL TAXES PAYABLE 669 401K PAYABLE 1023 PREPAID SPONSHORSHIPS 15000 25372 456469 0 456469 0 456469 706804 0 706804 0 706804 BUILDERS AND CONTRACTORS ASSOC BOARD OF DIRECTORS % OF REVENUES 0 SCHEDULE L, PART V- ADDITIONAL INFORMATION MEMBERS OF THE BOARD FOR THIS ORGANIZATION ARE ALSO VOTING MEMBERS OF THE BOARD FOR AN ENTITY THAT HAS A REVENUE SHARING AGREEMENT WITH THE ORGANIZATION. THE REVENUE SHARING AGREEMENT IS FOR WORKMAN'S COMPENSATION INSURANCE. THE ORGANIZATION RECEIVES 2% OF ALL MEMBER'S WORKMAN'S COMPENSATION PREMIUMS AND 1% OF NON-MEMBER'S WORKMAN'S COMPENSATION PREMIUMS. THE TOTAL INCOME RECEIVED UNDER THIS AGREEMENT FOR 2023 WAS $90,978.ADDITIONALLY, MEMBERS OF THIS BOARD ARE ALSO MEMBER'S OF THE BOARD OF AN AFFILIATED NOT FOR PROFIT THAT PROVIDES EDUCATION SERVICES TO BUILDERS IN THE STATE OF MISSISSIPPI. THIS AFFILIATED NOT FOR PROFIT RECEIVES AN ALLOCATION OF LICENSURE FEES FROM THE MISSISSIPPI LEGISLATURE FOR FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THIS ORGANIZATION IS A BUSINESS LEAGUE THAT IS COMPRISED OF MEMBERS WHO ELECT THE GOVERNING BODY. NO PART OF THE NET EARNINGS OF THE ORGANIZATION ARE FOR THE BENEFIT OF ANY MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BUSINESS LEAGUE ELECT THE GOVERNING BODY ANNUALLY. THERE ARE NO SPECIAL CLASSES WITH PREFERRED RIGHTS OF VOTES. FORM 990, PART VI, SECTION A, LINE 7B MATERIAL/SIGNIFICANT GOVERNANCE DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MAJORITY OF THE ACTIVE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW THE FORM 990 PREPARED BY INDEPENDENT CPA FIRM BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ANNUALLY IN WRITING. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTE COMPLETED A COMPARISON OF SALARY PACKAGES AND THEN A LEGAL CONSULTANT WAS ENGAGED TO PREPARE THE EMPLOYMENT AGREEMENT OF THE EXECUTIVE DIRECTOR. THIS AGREEMENT AND COMPENSATION PACKAGE IS REVIEWED ANNUALLY. THE FINANCE COMMITTEE UTILIZIES SALARY SURVEYS TO OBTAIN THE MEDIAN SALARIES FOR THE OTHER KEY POSITIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. MISSISSIPPI HOUSING INSTITUTE 290 COMMERCE PARK DRIVE SUITE B RIDGELAND MS 39157 562334623 EDUCATION MS HBAM 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 MISSISSIPPI HOUSING INSTITUTE Q 62664 ACTUAL RECEIVED MISSISSIPPI HOUSING INSTITUTE J 6000 ACTUAL RECEIVED LOCAL CHAPTERS R 8429 ACTUAL REMITTED SCHEDULE R - ADDITIONAL INFORMATION MISSISSIPPI HOUSING INSTITUTE (MHI) - THIS IS A SEPERATE NOT FOR PROFIT ENTITY THAT PROVIDED EDUCATIONAL SERVICES TO BUILDERS IN THE STATE OF MISSISSIPPI. THIS ORGANIZATION AND MHI HAVE A SHARED SERVICES AGREEMENT. ONE EMPLOYEE OF MHI IS PAID THROUGH THE PAYROLL SYSTEM OF THE ORGANIZATION, AND MHI REIMBURSES THE ORGANIZATION FOR THE COST OF THIS EMPLOYEE. ADDITIONALLY, MHI HAS A SUB-LEASE RENTAL AGREEMENT WITH THE ORGANIZATION FOR THE USE OF THE FACILITIES THAT ARE BEING LEASED BY THE ORGANIZATION. ADDITIONALLY, THIS ORGANIZATION PROVIDES MEMBER DUES COLLECTION SERVICES AS A COURTESY TO SOME OF THEIR LOCAL CHAPTERS THAT DO NOT HAVE THE INTERNAL STAFF TO HANDLE THIS PROCESS. THIS ORGANIZATION COLLECTS THE DUES ASSESSED FOR THESE LOCAL CHAPTERS AND THEN REMITS THESE DUES TO THE LOCAL CHAPTERS. THIS ORGANIZATION RECEIVES NO COMPENSATION FOR THIS SERVICE.