Building Hope Finance
- Assets
- $124.0m
- Revenue
- $7.0m
- Investments
- $11.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2004
- Data as of
- 12/2021
- 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 12/2021, Building Hope Finance generated $7.0m 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 (4.2%) each year. All expenses for the organization totaled $9.7m 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 |
|---|---|---|---|
Robin Odland President | 49 | $316,241 | |
Tim Merritt Vp/treasurer | 45 | $190,830 | |
S Joseph Bruno Chair/director | 1 | $177,240 | |
Cecilia Walker Chief Credit Officer | 40 | $131,709 | |
Darryl Townsend Accounting Manager | 40 | $115,341 | |
Derrick Orlando Holloway Jr Sr Underwriter | 40 | $109,893 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Network Solutions | 12/30/19 | $85,131 |
Marcum Accountants Advisors | 12/30/19 | $68,051 |
Louise Tuck | 12/30/19 | $83,835 |
Leda Dileonardo | 12/30/19 | $60,601 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,368,212 |
| Interest on Savings | $3,457,519 |
| 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 | $2,177,463 |
| Total Revenue | $7,003,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $777,771 |
| Other employee salaries and wages | $907,684 |
| Pension plans, employee benefits | $166,712 |
| Interest | $6,774,119 |
| Taxes | $112,135 |
| Depreciation | $38,538 |
| Occupancy | $109,403 |
| Travel, conferences, and meetings | $130,739 |
| Printing and publications | $6,074 |
| Other expenses | $139,709 |
| Total operating and administrative expenses | $9,716,162 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,716,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,752,724 |
| Savings and temporary cash investments | $2,940,451 |
| Net Accounts receivable | $22,000,203 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $72,416,704 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,545 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,208,643 |
| Net Land, buildings, and equipment | $11,897 |
| Other assets | $4,663,173 |
| Total assets | $123,995,340 |
| Accounts payable and accrued expenses | $191,108 |
| Grants payable | $0 |
| Deferred revenue | $155,566 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $72,986,097 |
| Other liabilities | $0 |
| Total liabilities | $73,332,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Building Hope Finance has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: See Part IV | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
James Barry Robinson Home For Boys Trust Norfolk, VA | $49,691,285 | $5,553,084 |
Liberian Education Achievement & Resource Network Washington, DC | $510,785 | $2,650,000 |
Public Interest Fellowship Foundation Arlington, VA | $347,923 | $2,149,386 |
William And Mary Real Estatefoundation Williamsburg, VA | $31,758,698 | $2,741,721 |
Military Bowl Foundation Inc Washington, DC | $5,612,283 | $2,464,715 |