Builders Of Hope Cdc
- Assets
- $1.0m
- Revenue
- $993.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Dallas, TX
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 75-2756681
Organization Overview
Builders Of Hope Cdc is located in Dallas, TX. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Builders Of Hope Cdc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Of Hope Cdc 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, Builders Of Hope Cdc generated $993.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $971.7k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDERS OF HOPE IS A MULTIFACETED COMMUNITY DEVELOPMENT ORGANIZATION DEVOTED TO TRANSFORMING DALLAS BY BUILDING STRONG COMMUNITIES AND ENERGY EFFICIENT QUALITY AFFORDABLE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDERS OF HOPE IS A MULTIFACETED COMMUNITY DEVELOPMENT ORGANIZATION DEVOTED TO TRANSFORMING DALLAS BY BUILDING STRONG COMMUNITIES AND ENERGY EFFICIENT QUALITY AFFORDABLE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Armstrong CEO | Officer | 40 | $0 |
John Hawkins Director | Trustee | 1 | $0 |
Billy White Director | Trustee | 1 | $0 |
Carey Galpern Chairman | Trustee | 2 | $0 |
William Avery Secretary | Trustee | 2 | $0 |
William Guthrey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opportunity Construction Llc Construction | 12/30/16 | $2,406,761 |
H2squared Construction | 12/30/16 | $369,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,000 |
| 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 | $557,000 |
| Total Program Service Revenue | $374,789 |
| Investment income | $0 |
| 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 | $993,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,650 |
| Grants and other assistance to domestic individuals. | $59,973 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,944 |
| Compensation of current officers, directors, key employees. | $90,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $399 |
| Payroll taxes | $34,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,744 |
| Fees for services: Accounting | $43,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,118 |
| Advertising and promotion | $10,829 |
| Office expenses | $29,594 |
| Information technology | $11,435 |
| Royalties | $0 |
| Occupancy | $46,890 |
| Travel | $640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,481 |
| All other expenses | $123,350 |
| Total functional expenses | $971,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,081 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $588,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,690 |
| Total assets | $1,010,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $130,000 |
| Secured mortgages and notes payable | $358,160 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $146,200 |
| Total liabilities | $634,360 |
| Net assets without donor restrictions | $376,339 |
| 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 | $1,010,699 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Builders Of Hope Cdc has recieved totaling $380,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $300,000 |
Trinity Park Conservancy Dallas, TX | | $60,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |