BUILDING HOPE FINANCE: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BUILDING HOPE FINANCE (EIN 20-0367954)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202333199349108248
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T18:26:37-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200367954 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Building Hope Finance | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % TIM MERRITT VP OF FINANCE | InCareOfNm |
| Business Name Control | BUIL | BusinessNameControlTxt |
| Phone | 2024571995 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 Eye St NW Suite 200 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIM MERRITT | PersonNm |
| Person Title | VP of FINANCE | PersonTitleTxt |
| Phone | 2024571995 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TIM | PersonFirstNm |
| Person Last | MERRITT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jacob Cook | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 7038930600 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $123,597,068 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,547,702 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,547,702 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $3,547,702 | InterestOnSavingsAdjNetIncmAmt |
| Other Income Rev And Expnss | $4,662,908 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $3,166,305 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $8,210,610 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,547,702 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,714,007 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $805,846 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $166,091 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $166,091 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $639,756 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $927,045 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $92,140 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $92,140 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $834,906 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $105,697 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $15,847 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $15,847 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $89,850 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,493 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,493 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $157,792 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $78,896 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $78,896 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $78,896 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $98,809 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $98,809 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $3,916,459 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $3,916,459 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $3,916,459 | InterestAdjNetIncmAmt |
| Taxes Rev And Expnss | $113,917 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $113,917 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $29,429 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $7,357 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $29,429 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $28,129 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $7,032 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $7,032 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $21,097 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $181,978 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $181,978 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,057 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $53 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $53 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $1,004 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $666,026 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,386 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2,386 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $102,330 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $7,034,677 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,286,261 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $4,308,333 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,165,036 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,034,677 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,286,261 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $4,308,333 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,165,036 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,175,933 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,405,674 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,752,724 | CashBOYAmt |
| Cash EOY | $38,304,165 | CashEOYAmt |
| Cash EOYFMV | $38,304,165 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,940,451 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,945,661 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,945,661 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $18,950,160 | AcctRcvblAmt |
| Acct Rcvbl BOY | $22,000,203 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $18,950,160 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $18,950,160 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $53,284,964 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $1,019,000 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $72,416,704 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $52,265,964 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $52,265,964 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $1,545 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $0 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $0 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $11,208,643 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,949,630 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,949,630 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $43,677 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $37,338 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $11,897 | LandBOYAmt |
| Land EOY | $6,339 | LandEOYAmt |
| Land EOYFMV | $6,339 | LandEOYFMVAmt |
| Other Assets BOY | $4,663,173 | OtherAssetsBOYAmt |
| Other Assets EOY | $5,175,149 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $5,175,149 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $123,995,340 | TotalAssetsBOYAmt |
| Total Assets EOY | $123,597,068 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $123,597,068 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $191,108 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $322,097 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $155,566 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $0 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $72,986,097 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $52,099,565 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $19,392,794 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $73,332,771 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $71,814,456 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $37,833,685 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $39,420,424 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $12,828,884 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $12,362,188 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $50,662,569 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $51,782,612 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $123,995,340 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $123,597,068 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $50,662,569 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,175,933 | ExcessRevenueOverExpensesAmt |
| Subtotal | $51,838,502 | SubtotalAmt |
| Other Decreases | $55,890 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $51,782,612 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $0 | SubtotalAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $17,766 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $17,766 | TotalPaymentsAndCreditsAmt |
| Overpayment | $17,766 | OverpaymentAmt |
| Applied To ES Tax | $17,766 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.BUILDINGHOPE.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIM MERRITT VP OF FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2024571995 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 EYE ST NW SUITE 200 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ROBIN ODLAND | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | PRESIDENT | 49.0 | $312,489 | $0 | $0 |
| TIM MERRITT | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | VP/TREASURER | 46.0 | $208,659 | $0 | $0 |
| MICHAEL D'ALESSANDRO | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | SECRETARY | 27.0 | $86,083 | $4,938 | $0 |
| S JOSEPH BRUNO | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | CHAIR | 21.0 | $186,161 | $8,351 | $0 |
| DRU DAMICO | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| RICHARD MORENO | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | DIRECTOR | 1.0 | $12,454 | $584 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| CECILIA WALKER | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | CHIEF CREDIT OFFICER | 40.0 | $130,905 | $4,050 | $0 |
| DERRICK HOLLOWAY JR | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | SR UNDERWRITER | 40.0 | $91,580 | $0 | $0 |
| ESTHER OWUSU | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | ACCOUNTANT | 40.0 | $84,396 | $4,903 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CORDIA RESOURCES | |||||
| 8330 BOONE BLVD STE 350 | VIENNA | VA | 22182 | STAFFING | $158,519 |
| BDO | |||||
| PO BOX 642743 | PITTSBURGH | PA | 15264 | AUDIT AND TAX | $100,079 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SUPPORTING HIGH-QUALITY, LOW COST PUBLIC CHARTER SCHOOL FACILITIES THROUGH CONSTRUCTION, RENOVATION, AND IMPROVEMENT. | Description1Txt |
| Expenses1 | $14,493,002 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PARRISH CHARTER ACADEMY, INC. | Description1Txt |
| Expenses1 | $4,335,550 | Expenses1Amt |
| Description2 | PINELLAS EDUCATION ORGANIZATION, INC. | Description2Txt |
| Expenses2 | $3,700,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $6,457,452 | AllOtherProgramRltdInvstTotAmt |
| Total | $14,493,002 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $56,832,822 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,832,822 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $56,832,822 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $852,492 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,980,330 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,799,017 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,165,036 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $14,493,002 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $1,658 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $16,659,696 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,405,674 | CurrentYearAmt |
| Year1 | $1,340,442 | Year1Amt |
| Year2 | $500,434 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $4,246,550 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,044,823 | CurrentYearAmt |
| Year1 | $1,139,376 | Year1Amt |
| Year2 | $425,369 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $3,609,568 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $16,659,696 | CurrentYearAmt |
| Year1 | $16,991,904 | Year1Amt |
| Year2 | $1,928,484 | Year2Amt |
| Year3 | $2,843,712 | Year3Amt |
| Total | $38,423,796 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distri Not Used Drt | QualifyingDistriNotUsedDrtGrp |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $16,659,696 | CurrentYearAmt |
| Year1 | $16,991,904 | Year1Amt |
| Year2 | $1,928,484 | Year2Amt |
| Year3 | $2,843,712 | Year3Amt |
| Total | $38,423,796 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $123,144,406 | CurrentYearAmt |
| Year1 | $124,025,462 | Year1Amt |
| Year2 | $134,639,057 | Year2Amt |
| Year3 | $104,198,554 | Year3Amt |
| Total | $486,007,479 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $84,840,241 | CurrentYearAmt |
| Year1 | $117,532,625 | Year1Amt |
| Year2 | $115,327,347 | Year2Amt |
| Year3 | $94,549,350 | Year3Amt |
| Total | $412,249,563 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Two Thirds Minimum Invst Ret | TwoThirdsMinimumInvstRetGrp |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| IMPUTED INTEREST-BELOW MARKET NOTES REC. | $3,166,305 |
| GUARANTY FEES | $756,213 |
| PROFESSIONAL SERVICES INCOME | $719,311 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,547,702 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends And Interest From Sec Dtl | DividendsAndInterestFromSecDtl | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALLOCATED INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $21,079 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,568,781 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,641,829 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,210,610 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1 | Imputed interest (non-cash) on our notes receivable (loans to public charter schools) to record the difference between the prevailing market interest rate and the below market interest rate charged on our loans. Fees earned from our project management services to public charter schools for the identification, selection, and development of school facilities. |
| 2 | Fees earned from our credit enhancement program that supports loans made to public charter schools by financial institutions for the acquisition, construction, and renovation of facilities. |
| 3 | Fees earned from servicing loans made to charter schools |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX PREP FEES | CategoryTxt |
| Amt | $157,792 | Amt |
| Net Investment Income | $78,896 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $78,896 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $78,896 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| GEM PREP TWIN FALLS | $2,000,000 |
| VALOR PUBLIC SCHOOLS | $1,500,000 |
| INTELLECTUS PREPARATORY CHARTER SCHOOL | $1,250,000 |
| HERITAGE ACADEMY, INC. | $1,100,000 |
| HORIZON GROWTH FUND, LLC | $393,750 |
| IMAGINE PASCO COUNTY, LLC | $186,421 |
| PHOENIX INTERNATIONAL INCORPORATED | $27,281 |
Depreciation Schedule DepreciationSchedule
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The state does not accept a copy of the filing. | ExplanationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II, Line 14: | IdentifierTxt |
| Form And Line Reference | Part II, Line 14: | FormAndLineReferenceDesc |
| Medium Explanation | FURNITURE AND FIXTURES $43,677 LEASEHOLD IMPROVEMENTS 0 ----------- EQUALS: TOTAL FIXED ASSETS 42,019 LESS: ACCUMULATED DEPRECIATION (37,338) ----------- EQUALS: NET PROPERTY AND EQUIPMENT $6,339 CURRENT YEAR DEPRECIATION EXPENSE: $29,429 | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | INVESTMENTS | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $5,949,630 | BookValueAmt |
| EOYFMV | $5,949,630 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,493 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,493 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (6 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt |
|---|---|---|---|---|---|---|---|
| OPPORTUNITY FINANCE NETWORK BGP | |||||||
| $3,700,000 | $3,627,755 | 2022-04 | 2046-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/17/2046 | 3.592 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| OPPORTUNITY FINANCE NETWORK | |||||||
| $1,000,000 | $1,000,000 | 2018-01 | 2023-03 | QTRLY INTEREST PAYMENTS, PRINCIPAL DUE 03/31/2023 | 4.5 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| USDA | |||||||
| $2,266,036 | $2,090,405 | 2016-12 | 2056-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/28/2056 | 2.38 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| OPPORTUNITY FINANCE NETWORK BGP | |||||||
| $9,181,817 | $11,781,405 | 2018-08 | 2043-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/15/2043 | 3.468 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| ALBERTSON FAMILY FOUNDATION | |||||||
| $33,600,000 | $33,600,000 | 2016-12 | 2024-12 | INTEREST FREE, PRINCIPAL DUE IN ONE LUMP SUM | 0. | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| EB-5 DEVELOPMENT FUND | |||||||
| $26,000,000 | $0 | 2020-03 | 2023-03 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 03/10/2023 | 4.5 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| IMPUTED INTEREST DISCOUNT | $4,085,336 | $4,007,450 | $4,007,450 |
| SECURITY DEPOSITS | $397,637 | $508,637 | $508,637 |
| DEFERRED FINANCING COSTS | $180,200 | $169,062 | $169,062 |
| OTHER ASSETS | $0 | $490,000 | $490,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR ADJUSTMENT | Desc |
| Amt | $55,890 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ALLOCATED EXPENSES | $561,310 | $0 | $0 | $0 |
| OTHER DIRECT EXPENSES | $39,682 | $0 | $0 | $39,682 |
| OTHER INDIRECT EXPENSES | $37,688 | $0 | $0 | $37,688 |
| MEALS & ENTERTAINMENT | $12,966 | $0 | $0 | $12,966 |
| TELEPHONE & TELECOMMUNICATIONS | $5,956 | $1,965 | $1,965 | $3,991 |
| SUPPLIES | $5,174 | $259 | $259 | $4,915 |
| POSTAGE, SHIPPING, DELIVERY | $3,250 | $162 | $162 | $3,088 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| IMPUTED INTEREST-BELOW MARKET NOTES REC. | $3,166,305 | $0 | $3,166,305 |
| GUARANTY/Origination FEES | $756,213 | $0 | $0 |
| Professional Services Income | $719,311 | $0 | $0 |
| Allocated Income | $21,079 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| AGENCY PASS THROUGH FUNDS | $0 | $19,356,191 |
| DUE TO AFFILIATES | $0 | $36,603 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATTACHMENT 8A | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | NONE | InsiderRelationshipTxt |
| Balance Due | $53,284,964 | BalanceDueAmt |
| Note | 2013-01 | NoteDt |
| Loan Maturity | 2013-01 | LoanMaturityDt |
| Repayment Terms | 555 | RepaymentTermsTxt |
| Interest | 8. | InterestRt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | $74,773 | $0 | $0 | $74,773 |
| INFORMATION TECHNOLOGY | $17,255 | $0 | $0 | $17,255 |
| PAYROLL SERVICE FEES | $6,781 | $0 | $0 | $6,781 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $83,291 | $0 | $0 | $83,291 |
| TAX EXPENSE | $30,626 | $0 | $0 | $30,626 |