Builders Development Corporation
- Assets
- $4.5m
- Revenue
- $290.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Kansas City, MO
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 01-0951147
Organization Overview
Builders Development Corporation is located in Kansas City, MO. The organization was established in 2010. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Builders Development Corporation generated $290.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $520.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE PRODUCTION OF AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA AND SURROUNDING COMMUNITIES BY APPLYING INNOVATIVE, ENERGY-EFFICIENT, AND ENTREPRENEURIAL BUSINESS PRINCIPLES AS WELL AS TO WORK COLLABORATIVELY WITH LOCAL CITIES AND THEIR NEIGHBORHOODS, FOR-PROFIT BUILDERS, FOUNDATIONS, AND CORPORATIONS TO LIFT UP LOW-INCOME FAMILIES WHICH ULTIMATELY BENEFITS ALL IN THE GREATER KANSAS CITY AREA AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE THE PRODUCTION OF AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA AND SURROUNDING COMMUNITIES BY APPLYING INNOVATIVE, ENERGY-EFFICIENT, AND ENTREPRENEURIAL BUSINESS PRINCIPLES AS WELL AS TO WORK COLLABORATIVELY WITH LOCAL CITIES AND THEIR NEIGHBORHOODS, FOR-PROFIT BUILDERS, FOUNDATIONS, AND CORPORATIONS TO LIFT UP LOW-INCOME FAMILIES WHICH ULTIMATELY BENEFITS ALL IN THE GREATER KANSAS CITY AREA AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Woods Board Chair | OfficerTrustee | 0 | $0 |
Bob Frost Board Vice President | OfficerTrustee | 0 | $0 |
Mark Hoffman Secretary-Treasurer | OfficerTrustee | 0 | $0 |
Bruce Rieke Board Member (retired 2022) | Trustee | 0 | $0 |
Cherise Sedlock Board Member (retired 2022) | Trustee | 0 | $0 |
Miguel Cervantes Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmore Service Construction Work | 12/30/20 | $838,540 |
Armando Anguiano Concrete For Sw Ks Project | 12/30/20 | $428,844 |
3-10 Business Solutions Llc Site Supervision | 12/30/20 | $122,587 |
Thomas Ackley Electrical Work Sw Ks Project | 12/30/20 | $118,539 |
Benitez Construction Plumbing Sw Ks Project | 12/30/20 | $105,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,169 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $199,268 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,538 |
| Compensation of current officers, directors, key employees. | $22,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $939 |
| Office expenses | $4,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,194 |
| Travel | $1,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,335 |
| Insurance | $22,825 |
| All other expenses | $0 |
| Total functional expenses | $520,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $344,631 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,205 |
| Net Land, buildings, and equipment | $3,049,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $862,971 |
| Total assets | $4,531,219 |
| Accounts payable and accrued expenses | $40,897 |
| Grants payable | $0 |
| Deferred revenue | $166,552 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,112,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,319,849 |
| Net assets without donor restrictions | $2,211,370 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,531,219 |