2025-10-30T14:11:03-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 521266885 HOME BUILDERS INSTITUTE HOME 2023710600 1201 15TH STREET NW 6TH FLOOR WASHINGTON DC 20005 JEREMY ALBRITTON SR VP AND CFO 2023710600 2025-10-20 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-10-20 2024 2025-03-06 01:10:19Z HBI EDWARD BRADY 1201 15TH STREET NW 6TH FLOOR WASHINGTON DC 20005 58727171 0 1 X WWW.HBI.ORG X 1981 DC WE CHANGE LIVES BY EDUCATING, INSPIRING AND PREPARING INDIVIDUALS FOR CAREERS IN THE BUILDING INDUSTRY 25 25 387 26 0 0 46394344 50075672 0 0 379355 338274 0 0 46773699 50413946 0 404800 0 0 30549829 32482266 121000 0 1035942 14461587 13562655 45132416 46449721 1641283 3964225 18481333 23978965 9439827 10865654 9041506 13113311 X WE CHANGE LIVES BY EDUCATING, INSPIRING, AND PREPARING INDIVIDUALS FOR CAREERS IN THE BUILDING INDUSTRY. 0 0 22915591 0 0 JOB CORPSUNDER A FEDERAL AWARD WITH THE U.S. DEPARTMENT OF LABOR, HBI PROVIDES AT-RISK YOUTH WITH REAL LIFE, HANDS-ON VOCATIONAL TRAINING THROUGH THE JOB CORPS PROGRAM. 14420124 0 0 WORKFORCE TRAINING & EMPLOYMENTHBI PROVIDES VOCATIONAL INSTRUCTION AND LIFE-CHANGING OPPORTUNITIES THROUGH A VARIETY OF OTHER PROGRAMS INCLUDING:- MILITARY PROGRAMS: FUNDED BY THE HOME DEPOT FOUNDATION, HBI SERVES TRANSITIONING SERVICE MEMBERS ON OR NEAR 10 MILITARY INSTALLATIONS- COMMUNITY & CORRECTIONS: LOCAL PARTNERSHIPS AND TRAINING OPPORTUNITIES FOR JUSTICE-INVOLVED INDIVIDUALS, VETERANS AND THEIR FAMILIES- BUILDSTRONG ACADEMIES: OPEN TO THE PUBLIC AND FREE TO ALL STUDENTS, HBI HAS SEVEN ACADEMIES IN KEY MARKETS THROUGHOUT THE UNITED STATES, INCLUDING THE MOST RECENT ACADEMY IN SAN JUAN, PUERTO RICO. 1722142 404800 0 FUTURE BUILDERS OF AMERICA HBI LICENSES ITS PROPRIETARY PRE-APPRENTICESHIP CURRICULUM TO SCHOOLS AND OTHER INSTITUTIONS AROUND THE COUNTRY. THIS CURRICULUM PROVIDES A FRAMEWORK AND TOOLKIT FOR TEACHING RESIDENTIAL CONSTRUCTION SKILLS FOR ALL TYPES OF LEARNERS. DURING THE YEAR ENDED 2024, HBI HAD MORE THAN 21,000 STUDENTS ENROLLED ACROSS ALL PROGRAMS AND ISSUED NEARLY 17,000 PRE APPRENTICESHIP CERTIFICATES. 162084 OTHER PROGRAMS 162084 39219941 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 387 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEREMY ALBRITTON 2023710600 1201 15TH STREET NW WASHINGTON DC 20005 PAMELA PATENAUDE CHAIR 0.30 X X 0 0 0 BRAD SIMONS VICE CHAIR 0.30 X X 0 0 0 ADAM ROCKE TRUSTEE 0.30 X 0 0 0 ALFONSO COSTA JR TRUSTEE 0.30 X 0 0 0 DR BRIAN JOHNSON TRUSTEE 0.30 X 0 0 0 CARIN MARCY BARTH TRUSTEE 0.30 X 0 0 0 CARL HARRIS TRUSTEE 0.30 X 0 0 0 DR CASEY SACKS TRUSTEE 0.30 X 0 0 0 CHUCK BAKER TRUSTEE 0.30 X 0 0 0 CHUCK FOWKE TRUSTEE 0.30 X 0 0 0 DR BRYON L ERNEST TRUSTEE 0.30 X 0 0 0 ERIN DEWEESE TRUSTEE 0.30 X 0 0 0 EUGENE GRAF TRUSTEE 0.30 X 0 0 0 FERNANDO GIL-ENSENANT TRUSTEE 0.30 X 0 0 0 GEORGE HESS TRUSTEE 0.30 X 0 0 0 GREGORY UGALDE TRUSTEE 0.30 X 0 0 0 JIM TOBIN EX-OFFICIO 0.30 X 0 0 0 JOSEPH LANDERS TRUSTEE 0.30 X 0 0 0 MEL MARTINEZ TRUSTEE UNTIL 04/2024 0.30 X 0 0 0 PATSY SMITH TRUSTEE EMERITUS 0.30 X 0 0 0 RENEE ZENTZ TRUSTEE 0.30 X 0 0 0 SCOTT SEDAM TRUSTEE 0.30 X 0 0 0 SETH APPLETON TRUSTEE 0.30 X 0 0 0 STEVE DEWITT TRUSTEE 0.30 X 0 0 0 TIM HOURIGAN TRUSTEE 0.30 X 0 0 0 TOM WINTERS TRUSTEE 0.30 X 0 0 0 EDWARD BRADY PRESIDENT AND CEO 40.00 X 699233 0 62812 JEREMY ALBRITTON SR VP, CFO & TREASURER 40.00 X 307604 0 27827 LAUREN SULLIVAN CHIEF OF STAFF, CORPORATE SECRETARY 40.00 X 193818 0 32887 EMILY PRICE SVP, DEVELOPMENT AND PARTNERSHIPS 40.00 X 204021 0 48533 TAMMY JO SCRIVEN VP OF HUMAN RESOURCES 40.00 X 225589 0 21110 JEREMY HURLEY SVP, PROGRAM OPERATIONS 40.00 X 223507 0 16866 GRETCHEN CANTALI VP JOB CORPS 40.00 X 189135 0 13769 LAUREN JOHNSON AVP PROGRAM PERFORMANCE 40.00 X 152685 0 30246 GREGG ROMANO SVP, PROGRAM OPERATIONS 40.00 X 164186 0 10371 MARIO GONZALEZ VP, WTE 40.00 X 157211 0 11461 JOHN RODGERS DIRECTOR, PROGRAM MANAGEMENT 40.00 X 128964 0 59222 MARIJIA BAILEY AVP FINANCE/CONTROLLER 40.00 X 168229 0 13269 STEPHEN COUSINS AVP, INDUSTRY RELATIONS 40.00 X 145371 0 29391 ARAVIND KUMAR AVP, INFORMATION TECHNOLOGY 40.00 X 152445 0 12538 KEITH ESTLE DIRECTOR, CAREER SERVICES 40.00 X 143929 0 26315 3255927 0 416617 32 0 1 0 GRANDMASTERS LLC 704 228TH AVE NE SUITE 332 SAMMAMISH WA 98074 PROFESSIONAL SERVICES 259107 BG SOLUTIONS LLC 1577 SPRING HILL ROAD SUITE 220 VIENNA VA 22182 PROFESSIONAL SERVICES 172591 ASPEN LEADERSHIP GROUP LLC 1580 N LOGAN ST STE 660 PMB 9238 DENVER CO 80203 PROFESSIONAL SERVICES 145074 LITMOS US LP 2700 CAMINO RAMON SUITE 200 SAN RAMON CA 94583 PROFESSIONAL SERVICES 132828 MARCUM LLP PO BOX 95000-2288 PHILADELPHIA PA 191950001 PROFESSIONAL SERVICES 111428 5 34175788 15899884 333550 50075672 326473 326473 8325026 8313225 11801 11801 11801 50413946 0 0 338274 404800 404800 2792871 2429797 307217 55857 21345940 18445485 2522112 378343 1486111 1373815 112296 4901199 4435919 382051 83229 1956145 1701846 215176 39123 91430 91430 153058 153058 23018 23018 1074160 480640 363080 230440 55181 36266 18750 165 1408475 819745 582057 6673 918331 334727 423122 160482 1660325 1412879 232307 15139 2857779 2540549 260174 57056 1467 1467 116354 116354 798451 602102 193956 2393 TRAINING 3363483 3361958 1525 PROGRAM DEVELOPMENT 592697 517597 71200 3900 COMMUNICATIONS 247282 189527 55569 2186 OTHER DIRECT EXPENSES 201164 132289 67919 956 46449721 39219941 6193838 1035942 10140342 11299785 3961156 6867939 323524 445131 1177328 1008846 246762 168482 1142269 1827552 2667280 3370076 18481333 23978965 3996962 3214030 2394781 4000000 3048084 3651624 9439827 10865654 X 7237226 9394055 1804280 3719256 9041506 13113311 18481333 23978965 3964225 107580 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45680 45680 39174261 39219941 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 42135 42000 38500 45680 168315 250000 250000 250000 250000 1000000 1500000 242237 116274 125963 935091 892572 42519 168482 RIGHT-OF-USE ASSETS, NET 3370076 3370076 LEASE LIABILITIES, NET 3651624 3651624 50498508 107580 107580 50390928 23018 23018 50413946 46426703 0 46426703 23018 23018 46449721 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STAFF INFORMS THE STUDENTS THAT WE COMPLY BY A RACIALLY NONDISCRIMINATORY POLICY IN THEIR PROGRAM ORIENTATIONS, OUTREACH AND PRESENTATIONS TO THE COMMUNITY. SCHEDULE E, PART I, LINE 6 HBI RECEIVES DIRECT AND/OR PASS-THROUGH AWARDS FROM THE U.S. DEPARTMENT OF LABOR FOR THE FOLLOWING PROGRAMS: -H-1B JOB TRAINING GRANTS (JOB CORPS) RECOVERY ACT - WORKFORCE INVESTMENT ACT YOUTH ACTIVITIES: -- YOUTH BUILD - PATHSTONE PUERTO RICO WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA): -- CAREERSOURCE - CENTRAL FLORIDA HUD 1 TENNESSEE BUILDERS EDUCATION FUND 505 HALLE PARK DRIVE COLLIERVILLE TN 38017 821122075 501(C)(3) 30000 14800 BOOK PACT LICENSE RENEWAL FEES SETUP UP SCHOOLS ON PACT CURRICULUM IN TENNESSEE 100 BLACK MEN OF THE BAY AREA INC 1807 MARTIN LUTHER KING JR WAY OAKLAND CA 94612 943065997 501(C)(3) 350000 10000 BOOK HOME DEPOT GIFT CARDS GIVE INDIVIDUAL INDUSTRY EXPOSURE ACTIVITIES AND TRAINING AND HAVE INDIVIDUALS COMPLETE AND EARN CERTIFICATION (HBI PACT CORE) 2 0 PART I, LINE 2: THE SUBGRANTEE IS REQUIRED TO PROVIDE REGULAR REPORTING AND MAINTAIN COMPLIANCE WITH THE SUBGRANT AGREEMENT WHICH IS MONITORED BY A DESIGNATED HBI POINT OF CONTACT. X X X X X 0 0 0 0 0 0 0 0 0 EDWARD BRADY PRESIDENT AND CEO 566390 0 132843 0 0 0 27600 0 35212 0 762045 0 0 0 JEREMY ALBRITTON SR VP, CFO & TREASURER 283305 0 24299 0 0 0 22827 0 5000 0 335431 0 0 0 EMILY PRICE SVP, DEVELOPMENT AND PARTNERSHIPS 188213 0 15808 0 0 0 15785 0 32748 0 252554 0 0 0 TAMMY JO SCRIVEN VP OF HUMAN RESOURCES 211313 0 14276 0 0 0 16919 0 4191 0 246699 0 0 0 JEREMY HURLEY SVP, PROGRAM OPERATIONS 205317 0 18190 0 0 0 16298 0 568 0 240373 0 0 0 LAUREN SULLIVAN CHIEF OF STAFF, CORPORATE SECRETARY 178218 0 15600 0 0 0 14352 0 18535 0 226705 0 0 0 GRETCHEN CANTALI VP JOB CORPS 174260 0 14875 0 0 0 13769 0 0 0 202904 0 0 0 JOHN RODGERS DIRECTOR, PROGRAM MANAGEMENT 128964 0 0 0 0 0 11364 0 47858 0 188186 0 0 0 LAUREN JOHNSON AVP PROGRAM PERFORMANCE 139935 0 12750 0 0 0 11539 0 18707 0 182931 0 0 0 MARIJIA BAILEY AVP FINANCE/CONTROLLER 166229 0 2000 0 0 0 13269 0 0 0 181498 0 0 0 STEPHEN COUSINS AVP, INDUSTRY RELATIONS 145371 0 0 0 0 0 11353 0 18038 0 174762 0 0 0 GREGG ROMANO SVP, PROGRAM OPERATIONS 148895 0 15291 0 0 0 8858 0 1513 0 174557 0 0 0 KEITH ESTLE DIRECTOR, CAREER SERVICES 143929 0 0 0 0 0 11364 0 14951 0 170244 0 0 0 MARIO GONZALEZ VP, WTE 143611 0 13600 0 0 0 11461 0 0 0 168672 0 0 0 ARAVIND KUMAR AVP, INFORMATION TECHNOLOGY 150445 0 2000 0 0 0 12046 0 492 0 164983 0 0 0 X HOME DEPOT GIFT CARDS 5 330000 BOOK X MATERIALS & SUPPPLIES 7 3550 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF ITEMS ARE REPORTED IN COLUMN B. FORM 990, PART VI, SECTION A, LINE 1A THE INSTITUTE HAS AN EXECUTIVE COMMITTEE, WHICH MAY EXERCISE THE BOARD'S AUTHORITY IN BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND IS ACCOUNTABLE TO THE BOARD OF TRUSTEES FOR ITS DECISIONS. THE EXECUTIVE COMMITTEE SPECIFICALLY HAS THE DUTY TO APPROVE THE APPOINTMENT OF ALL ATTORNEYS, ACCOUNTANTS, AND OTHER OUTSIDE CONSULTANTS, OTHER THAN SUBCONTRACTORS HIRED TO PERFORM ROUTINE TASKS IN THE FIELD. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF FIVE MEMBERS, WHO SHALL BE THE CHAIRMAN, VICE CHAIRMAN, AND THREE OTHER TRUSTEES RECOMMENDED BY THE CHAIRMAN WITH THE APPROVAL OF TWO-THIRDS OF THE BOARD. THE PRESIDENT OF HBI SHALL SERVE AS AN EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 IN MARCH 2024, THE BY-LAWS WERE AMENDED TO REFLECT THAT AT LEAST 51% OF HBI'S NOMINATING COMMITTEE COMPOSITION IS MADE UP OF MEMBERS OF NAHB'S BOARD OF DIRECTORS OR LEADERSHIP COUNCIL. IN SEPTEMBER 2024, THE BY-LAWS WERE UPDATED TO REFLECT THAT TRUSTEES MAY NOMINATE THEMSELVES OR OTHERS TO BE CHAIR OR VICE CHAIR VIA SUBMISSION TO THE CHAIR OF THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION FROM THE PROVIDER, THE DRAFT IS REVIEWED BY THE CONTROLLER AND CFO OF HBI. LASTLY AFTER THE FORM IS REVIEWED BY THE B&F COMMITTEE IT IS SENT TO THE BOARD FOR FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BOARD'S INITIAL MEETING FOR THE CALENDAR YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. THEY ARE GIVEN A COPY FOR THE POLICY TO READ AND SIGN A FORM TO INDICATE THAT THEY UNDERSTAND THE POLICY AND AGREE TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD SERVES, AMONG THEIR DUTIES, AS THE COMPENSATION COMMITTEE. THEY REVIEW, NEGOTIATE AND APPROVE CHANGES TO THE COMPENSATION OF THE CEO. COMPENSATION OF OFFICERS IS BASED ON THE DISCRETION OF THE CEO WITHIN THE CONTEXT OF THE BOARD APPROVED BUDGET. FOR OTHER STAFF COMPENSATION, THE HUMAN RESOURCES DEPARTMENT UTILIZES THIRD PARTY SUPPORT AND MARKET DATA TO CONDUCT COMPENSATION STUDIES AND PERIODICALLY ADJUSTS SALARY BANDS ACCORDINGLY. THE HUMAN RESOURCES TEAM ALSO LEADS THE ANNUAL PERFORMANCE REVIEW PROCESS WHEREBY INDIVIDUALS ARE PLOTTED WITHIN THEIR RESPECTIVE BAND BASED ON PERFORMANCE FACTORS. CURRENTLY, THE BOARD HAS COMMISSIONED A MARKETPLACE STUDY AND AN INDEPENDENT CONSULTANT TO PROVIDE DATA AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE RELATED TO THE CEO'S COMPENSATION AND OTHER RELEVANT DATA FOR COMPENSATION OF THE EXECUTIVE TEAM (I.E. TOP MANAGEMENT). AT LEAST ANNUALLY THE EXECUTIVE TEAM (MANAGEMENT) REVIEWS THE COMPENSATION POLICY TO ENSURE THAT PROCESSES ARE PRUDENT AND BEING ADHERED TO. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 HBI'S FORM 990, GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.