Project Build A Future
- Assets
- $2.9m
- Revenue
- $870.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Lake Charles, LA
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 72-1510673
Organization Overview
Project Build A Future is located in Lake Charles, LA. The organization was established in 2001. 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. As of 12/2022, Project Build A Future employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Build A Future 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, Project Build A Future generated $870.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $907.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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 ENCOURAGE, PROMOTE, AND ASSIST IN THE DEVELOPMENT OF AFFORDABLE AND WELL-DESIGNED HOUSING TO IMPROVE AND BEAUTIFY THE AREA SURROUNDING SACRED HEART CHURCH, AND OTHER PROPERTIES THROUGHOUT THE CALCASIEU PARISH AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE LAND, HIRE CONTRACTORS AND BUILD AFFORDABLE HOUSING UNITS TO SELL TO LOW-INCOME FAMILIES.
GAIN ON INSURANCE SETTLEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Morris Board Member | Trustee | 0 | $0 |
Byron Hardy Board Member | Trustee | 0 | $0 |
Gwen Cormier Board Member | Trustee | 0 | $0 |
Marlon Guillory Board Member | Trustee | 0 | $0 |
Luvertha August Vice President | Officer | 0 | $0 |
Thomas Filo Secretary/treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,966 |
| Noncash contributions included in lines 1a–1f | $4,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,570 |
| Total Program Service Revenue | $353,244 |
| Investment income | -$16,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $870,595 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,652 |
| Payroll taxes | $14,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,214 |
| Office expenses | $6,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,443 |
| Insurance | $35,299 |
| All other expenses | $26,030 |
| Total functional expenses | $907,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,790 |
| Savings and temporary cash investments | $410,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,161 |
| Net Land, buildings, and equipment | $933,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $688,330 |
| Total assets | $2,868,171 |
| Accounts payable and accrued expenses | $4,470 |
| Grants payable | $0 |
| Deferred revenue | $291,181 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,105 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $582,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $342,760 |
| Total liabilities | $1,227,766 |
| Net assets without donor restrictions | $1,640,405 |
| 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 | $2,868,171 |