Alternative Building Concepts Group
- Assets
- $16.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Rockwall, TX
- Founding
- 05/2000
- Data as of
- 06/2023
- EIN
- 99-0288410
Organization Overview
Alternative Building Concepts Group is located in Rockwall, TX. The organization was established in 2000. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Alternative Building Concepts Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternative Building Concepts Group 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 06/2023, Alternative Building Concepts Group generated $7.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF LOW AND VERY LOW INCOME HOMES AND PSYCHIATRIC SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR LOW AND VERY LOW INCOME INDIVIDUALS IN THE DALLAS, FT WORTH, SAN ANTONIO, AND EL PASO AREAS THROUGH THE OPERATION OF THREE AFFORDABLE HOUSING PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Farrington Secretary | Trustee | 4 | $0 |
Robin Binning President | Trustee | 4 | $0 |
Charles Clark Member | Trustee | 4 | $0 |
Michael Eade CEO And Vice Pres. | OfficerTrustee | 40 | $174,490 |
Margaret Eade COO And Treasurer | OfficerTrustee | 40 | $109,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $7,445,478 |
| Investment income | $18,457 |
| 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 | $7,463,935 |
| 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. | $322,875 |
| Compensation of current officers, directors, key employees. | $322,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,599 |
| Payroll taxes | $22,096 |
| Fees for services: Management | $381,845 |
| Fees for services: Legal | $21,183 |
| Fees for services: Accounting | $90,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $352 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,129,918 |
| Travel | $1,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763,900 |
| Insurance | $567,550 |
| All other expenses | $346,292 |
| Total functional expenses | $6,299,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,634,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,216 |
| 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 | $237,809 |
| Net Land, buildings, and equipment | $11,365,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,482,146 |
| Total assets | $16,888,668 |
| Accounts payable and accrued expenses | $283,799 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $305,124 |
| Total liabilities | $588,923 |
| Net assets without donor restrictions | $16,299,745 |
| 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 | $16,888,668 |