Alternative Building Concepts Group
- Assets
- $15.8m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Garland, TX
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 99-0288410
Organization Overview
Alternative Building Concepts Group is located in Garland, 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 06/2022, 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 06/2022, Alternative Building Concepts Group generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
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 |
|---|---|---|---|
Michael Eade CEO And Vice Pres. | OfficerTrustee | 40 | $166,500 |
Margaret Eade COO And Treasurer | OfficerTrustee | 40 | $104,500 |
Sally Farrington Secretary | Trustee | 4 | $0 |
Robin Binning President | Trustee | 4 | $0 |
Charles Clark Member | Trustee | 4 | $0 |
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 | $6,819,114 |
| Investment income | $3 |
| 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 | $6,819,117 |
| 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. | $310,000 |
| Compensation of current officers, directors, key employees. | $310,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,165 |
| Payroll taxes | $18,380 |
| Fees for services: Management | $351,480 |
| Fees for services: Legal | $11,280 |
| Fees for services: Accounting | $78,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $900 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,065,509 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $733,582 |
| Insurance | $455,711 |
| All other expenses | $334,555 |
| Total functional expenses | $5,825,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,258,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,234 |
| 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 | $76,374 |
| Net Land, buildings, and equipment | $11,362,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,051,587 |
| Total assets | $15,770,911 |
| Accounts payable and accrued expenses | $328,744 |
| 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 | $307,070 |
| Total liabilities | $635,814 |
| Net assets without donor restrictions | $15,135,097 |
| 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 | $15,770,911 |
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|---|---|---|
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Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
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Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
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