Building Hope Real Estate
- Assets
- $105.6m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-3209538
Organization Overview
Building Hope Real Estate is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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 Real Estate 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 12/2021, Building Hope Real Estate generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.0% each year . All expenses for the organization totaled $8.9m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Dru Damico President | 40 | $408,453 | |
S Joseph Bruno Chairman | 27 | $228,509 | |
Jerry Zayets VP Re Development | 40 | $216,912 | |
Lance Helming VP Finance/treasurer | 45 | $193,252 | |
Matthew Frost Dir Of Real Estate | 40 | $160,962 | |
Leighanne Daly Dir Of Real Estate | 40 | $149,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haskell | 12/30/21 | $1,297,168 |
Pro Builders Inc | 12/30/21 | $1,153,377 |
Bartlett Cocke General Contactors | 12/30/21 | $20,599,232 |
Rafael Construction Inc | 12/30/21 | $5,657,022 |
Canyon Building & Design | 12/30/21 | $4,140,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,118,701 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,030,199 |
| Total Revenue | $11,148,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,156,586 |
| Other employee salaries and wages | $1,392,958 |
| Pension plans, employee benefits | $382,754 |
| Interest | $2,860,493 |
| Taxes | $404,596 |
| Depreciation | $1,329,112 |
| Occupancy | $145,338 |
| Travel, conferences, and meetings | $76,434 |
| Printing and publications | $20,333 |
| Other expenses | $794,143 |
| Total operating and administrative expenses | $8,878,484 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,878,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,283,107 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,576,288 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $308,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $966 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $57,015,458 |
| Other assets | $15,367,840 |
| Total assets | $105,552,493 |
| Accounts payable and accrued expenses | $5,736,118 |
| Grants payable | $0 |
| Deferred revenue | $510,170 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $42,211,727 |
| Other liabilities | $44,827,489 |
| Total liabilities | $93,285,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Building Hope Real Estate has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Csdc Property Corporation Hanover, MD PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Forward Dc Washington, DC | $28,133,967 | $25,991,844 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Building Hope Real Estate Washington, DC | $105,552,493 | $11,148,900 |
Charter School Incubator Initiative Washington, DC | $37,834,831 | $8,281,364 |
Council For Opportunity In Education Washington, DC | $3,201,325 | $8,308,398 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Csdc Facilities Corporation Hanover, MD | $43,951,626 | $6,090,721 |
Citybridge Education Washington, DC | $3,430,657 | $5,924,866 |
Teaching Lab Washington, DC | $4,789,641 | $8,596,594 |
National Summer Learning Assoc Inc Washington, DC | $3,054,250 | $3,913,435 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |