Building Hope Finance
- Assets
- $123.6m
- Revenue
- $8.2m
- Investments
- $5.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0367954
Organization Overview
Building Hope Finance is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Hope Finance 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, Building Hope Finance generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING HIGH-QUALITY, LOW COST PUBLIC CHARTER SCHOOL FACILITIES THROUGH CONSTRUCTION, RENOVATION, AND IMPROVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Odland President | 49 | $312,489 | |
Tim Merritt Vp/treasurer | 46 | $208,659 | |
Michael D'alessandro Secretary | 27 | $86,083 | |
S Joseph Bruno Chair | 21 | $186,161 | |
Dru Damico Director | 1 | $0 | |
Richard Moreno Director | 1 | $12,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo | 12/30/22 | $100,079 |
Cordia Resources | 12/30/22 | $158,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,547,702 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,662,908 |
| Total Revenue | $8,210,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $805,846 |
| Other employee salaries and wages | $927,045 |
| Pension plans, employee benefits | $105,697 |
| Interest | $3,916,459 |
| Taxes | $113,917 |
| Depreciation | $29,429 |
| Occupancy | $28,129 |
| Travel, conferences, and meetings | $181,978 |
| Printing and publications | $1,057 |
| Other expenses | $666,026 |
| Total operating and administrative expenses | $7,034,677 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,034,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,304,165 |
| Savings and temporary cash investments | $2,945,661 |
| Net Accounts receivable | $18,950,160 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $52,265,964 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,949,630 |
| Net Land, buildings, and equipment | $6,339 |
| Other assets | $5,175,149 |
| Total assets | $123,597,068 |
| Accounts payable and accrued expenses | $322,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $52,099,565 |
| Other liabilities | $19,392,794 |
| Total liabilities | $71,814,456 |