Builders Of Hope Cdc
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 04/1999
- Data as of
- 12/2022
- 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 12/2022, Builders Of Hope Cdc employed 7 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 12/2022, Builders Of Hope Cdc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
2022
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 |
|---|---|---|---|
William Guthrey Director | Trustee | 1 | $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 |
James Armstrong CEO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H2squared Construction | 12/30/16 | $369,301 |
Opportunity Construction Llc Construction | 12/30/16 | $2,406,761 |
H2squared Construction | 12/30/16 | $369,301 |
Opportunity Construction Llc Construction | 12/30/16 | $2,406,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,933,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,939,406 |
| Total Program Service Revenue | $209,015 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,941 |
| 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 | $2,156,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,650 |
| Grants and other assistance to domestic individuals. | $35,371 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,167 |
| Compensation of current officers, directors, key employees. | $104,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,099 |
| Payroll taxes | $37,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,650 |
| Fees for services: Accounting | $30,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,627 |
| Advertising and promotion | $16,400 |
| Office expenses | $37,818 |
| Information technology | $9,775 |
| Royalties | $0 |
| Occupancy | $49,077 |
| Travel | $13,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $462 |
| Interest | $19,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,023 |
| All other expenses | $254,692 |
| Total functional expenses | $1,106,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $405,630 |
| 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 | $141,097 |
| Total assets | $2,016,873 |
| 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 | $0 |
| Secured mortgages and notes payable | $417,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $909,559 |
| Total liabilities | $1,326,710 |
| Net assets without donor restrictions | $690,163 |
| 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 | $2,016,873 |