Home Builders Association of Illinois

The Home Builders Association of Illinois (HBAI) is a nonprofit trade organization designated as a 501(c)(6) organization. It focuses on improving business conditions within the residential construction industry in Illinois.

Mission

The association aims to educate and advocate for the residential construction industry, influencing legislation, regulations, and legal issues to benefit its members and the consumer market. By doing so, it supports the well-being of housing in Illinois.

Structure

HBAI has ten local chapters across Illinois, each providing exclusive benefits to its members. These benefits can include cost savings on membership fees. Local associations offer classes, events, and networking opportunities to enhance industry expertise and foster connections among members.

Membership

Membership in HBAI is part of a three-tiered structure that also includes local associations and the National Association of Home Builders (NAHB). When joining a local Home Builders Association, one automatically becomes a member of both HBAI and NAHB.

Financial Profile

HBAI primarily generates its revenue from program services. The organization also receives income from royalties, sales of assets, and other revenue streams. Expenses are allocated towards salaries and wages, with significant portions going towards executive compensation. Total assets have varied over the years, reflecting the organization's financial position.

Nonprofit Status

As a 501(c)(6) organization, donations to HBAI are not tax-deductible. This classification is typical for business leagues, such as trade associations and real estate boards, created to improve business conditions.