Building Hope Real Estate
- Assets
- $122.7m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2006
- Data as of
- 12/2022
- 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 12/2022, Building Hope Real Estate generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $9.2m 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 |
|---|---|---|---|
Dru Damico President | 40 | $441,030 | |
Lance Helming VP Finance/treasurer | 40 | $234,706 | |
Michael D'alessandro Secretary | 29 | $93,611 | |
Jerry Zayets VP Re Development | 40 | $283,999 | |
S Joseph Bruno Chair | 27 | $240,011 | |
Robin Odland Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bartlett Cocke General Contactors | 12/30/22 | $10,967,571 |
Haskell | 12/30/22 | $5,194,163 |
Oa Peterson Construction Co Inc | 12/30/22 | $2,662,092 |
Rafael Construction Inc | 12/30/22 | $1,983,125 |
Studio 27 Architecture | 12/30/22 | $1,195,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,502,185 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,745,042 |
| Total Revenue | $9,247,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,314,284 |
| Other employee salaries and wages | $2,042,446 |
| Pension plans, employee benefits | $563,725 |
| Interest | $1,954,963 |
| Taxes | $181,255 |
| Depreciation | $1,064,144 |
| Occupancy | $151,101 |
| Travel, conferences, and meetings | $240,513 |
| Printing and publications | $10,713 |
| Other expenses | $1,179,336 |
| Total operating and administrative expenses | $9,158,011 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,158,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,820,623 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $18,048,162 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,405 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $47,543,092 |
| Other assets | $35,233,119 |
| Total assets | $122,734,401 |
| Accounts payable and accrued expenses | $2,663,657 |
| Grants payable | $0 |
| Deferred revenue | $82,830 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $58,193,641 |
| Other liabilities | $49,449,591 |
| Total liabilities | $110,389,719 |