Executive Compensation at the National Association of Home Builders

The National Association of Home Builders (NAHB) is a trade association – a 501 (c) 6 – that represents the home building industry.  With an estimated 140,000 members among 700 sate and local associations, NAHB is based in Washington, DC and has 76 voting members on its governing board, 71 of whom are independent (although 125 directors are listed on the 2023 Form 990;  111 (89%) of whom are male while 14 (11%) are female).

In 2023, total revenue was $80 million, most of which came from the International Builders Show ($40 million), a 3-day annual trade show; membership dues ($25 million), and shows, conferences, meetings, and education ($11 million).

Expenses totaled $84 million, with the 3 largest expenses reported to be: compensation ($44 million or 55% of revenue), office expenses ($14 million or  18% of revenue)), and travel and conferences including first class or charter travel and travel for companions ($16 million or 20% of revenue).

249 employees received $44 million in compensation which equates to an average of $177,000.  122 employees received more than $100,000 in compensation with the 17 most highly compensated reported to be:

• $2,123,898:  Gerald Howard, President and CEO (through 6/23 or 6 months)
• $  757,298:  James Tobin, President and CEO
• $  681,119:  James Rizzo, EVP, Chief Legal Officer
• $  583,434:  Eileen Ramage, EVP, Treasurer, and CFO
• $  539,715:  Deborah Malone, COO
• $  519,991:  Geoffrey Cassidy, SVP, Exhibitions and Meetings
• $  472,607:  Robert Dietz, SVP, Chief Economist
• $  460,209:  John McGeary, SVP, Business Development and Brand
• $  458,700:  Lake Coulson, VP, Government Affairs
• $  455,378:  Melissa Voorhees, SVP, Member Services and Education
• $  432,541:  Paul Lopez, SVP, Communications and Publications
• $  418,876:  Susan Asmus, SVP, Regulatory Affairs
• $  411,504:  Franklin Margiotta, SVP, Sponsorship and Advertising
• $  378,398:  Michael Currier, VP, Exposition Sales
• $  366,499:  Jessica Lynch, SVP, Housing Finance
• $  339,698:  Paul Emrath, VP, Surveys and Housing Policy
• $  302,791:  Diane Djordjevic, VP, Deputy Counsel

17 of most highly compensated employees received $10 million in compensation in 2023.  10 of the 17 employees listed above are male while 7 of the 17 are female.

6 of the most highly compensated employees in 2023 received $26 million from 2018-2023:

Gerald Howard:  Total Compensation 2018-2023:  $9 million

• 2023:  $2,123,898
• 2022:  $1,830,280
• 2021:  $2,125,864
• 2020:  $1,417,112
• 2019:  $1,796,322
• 2018:  $1,728,301

James Tobin:  Total Compensation 2018-2023:  $4 million

• 2023:  $757,298
• 2022:  $609,346
• 2021:  $609,342
• 2020:  $503,815
• 2019:  $523,904
• 2018:  $508,213

James Rizzo:  Total Compensation 2018-2023:  $4 million

• 2023:  $681,119
• 2022:  $634,344
• 2021:  $628,236
• 2020:  $533,606
• 2019:  $575,665
• 2018:  $512,428

Eileen Ramage:  Total Compensation 2018-2023:  $3 million

• 2023:  $583,434
• 2022:  $561,999
• 2021:  $562,417
• 2020:  $476,218
• 2019:  $505,095
• 2018:  $398,598

Deborah Malone:  Total Compensation 2018-2023:  $3 million

• 2023:  $539,715
• 2022:  $499,823
• 2021:  $499,993
• 2020:  $425,568
• 2019:  $452,196
• 2018:  $418,330

Geoffrey Cassidy:  Total Compensation 2018-2023:  $3 million

• 2023:  $519,991
• 2022:  $499,473
• 2021:  $354,213
• 2020:  $461,689
• 2019:   $466,494
• 2018:   $435,251

NAHB also paid for first class or charter travel, travel for companions, and health club or social club dues or initiation fees.  See the Form 990, Schedule J, Part III, Supplemental Information for details.

64 independent contractors received more than $100,000 in compensation in 2023. The 5 most highly compensated were reported to be:

• $3.9 million:  Freeman Companies, of Lanham, MC for exhibit displays
• $1.5 million:  Las Vegas Convention and Visitors, of Las Vegas, NV for convention services
• $1.3 million:  Centerplate, of Las Vegas, NV for convention services
• $0.7 million:  Velir Studios, of Somerville, MA for App/Web Development
• $0.7 million:  Transportation Mgmt Services, of Walled Lake, MI for transportation

To read the Form 990 (2023), click here.