BUILDING HOPE REAL ESTATE: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- BUILDING HOPE REAL ESTATE (EIN 20-3209538)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-10-20
- IRS object ID
- 202102939349101300
- Schema version
- 2020v4.1
- 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
- Depreciation Schedule
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-10-20T16:03:50-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | 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 | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203209538 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Building Hope Real Estate | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LANCE HELMING VP OF FINANCE | InCareOfNm |
| Business Name Control | BUIL | BusinessNameControlTxt |
| Phone | 2024571999 | 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 | LANCE HELMING | PersonNm |
| Person Title | VP of Finance | PersonTitleTxt |
| Phone | 2024571999 | PhoneNum |
| Signature | 2021-10-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LANCE | PersonFirstNm |
| Person Last | HELMING | 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 | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $87,783,587 | 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 |
| Net Gain Sale Ast Rev And Expnss | $4,787,380 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $72,615,515 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $6,437,604 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $6,437,604 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $11,224,984 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,437,604 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,233,077 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $1,233,077 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,531,361 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,531,362 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $334,716 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $334,716 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $218,821 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $218,821 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $99,915 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $99,915 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $79,381 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $79,381 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $3,109,617 | InterestRevAndExpnssAmt |
| Interest Adj Net Incm | $3,109,617 | InterestAdjNetIncmAmt |
| Taxes Rev And Expnss | $172,873 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $172,873 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,716,202 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $1,716,202 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $195,666 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $195,666 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $115,748 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $115,748 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $5,663 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $5,663 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,273,069 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,197,877 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $10,086,109 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $4,825,819 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,185,099 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,086,109 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $4,825,819 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,185,099 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,138,875 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,611,785 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,499,110 | CashBOYAmt |
| Cash EOY | $8,258,700 | CashEOYAmt |
| Cash EOYFMV | $8,258,700 | CashEOYFMVAmt |
| Acct Rcvbl | $5,800,074 | AcctRcvblAmt |
| Acct Rcvbl BOY | $983,209 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $5,800,074 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $5,800,074 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $2,551,361 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $624,803 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $624,803 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $58,001,722 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,324,797 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $73,263,653 | LandBOYAmt |
| Land EOY | $54,676,925 | LandEOYAmt |
| Land EOYFMV | $54,676,925 | LandEOYFMVAmt |
| Other Assets BOY | $17,116,894 | OtherAssetsBOYAmt |
| Other Assets EOY | $18,423,085 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $18,423,085 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $98,414,227 | TotalAssetsBOYAmt |
| Total Assets EOY | $87,783,587 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $87,783,587 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,223,545 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $6,911,210 | AccountsPayableEOYAmt |
| Deferred Revenue EOY | $1,946,608 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $63,129,801 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $44,966,220 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $29,642,425 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $30,128,609 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $95,995,771 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $83,952,647 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $2,418,456 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,830,940 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,418,456 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,830,940 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $98,414,227 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $87,783,587 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,418,456 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,138,875 | ExcessRevenueOverExpensesAmt |
| Other Increases | $273,609 | OtherIncreasesAmt |
| Subtotal | $3,830,940 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,830,940 | 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 |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
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 | Yes (true) | 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 | LANCE HELMING VP OF FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2024571999 | 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 |
| 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 (8 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 |
|---|---|---|---|---|---|---|---|---|
| DRU DAMICO | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | PRESIDENT | 54.0 | $359,920 | $19,246 | $0 |
| LANCE HELMING | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | VP FINANCE | 45.0 | $212,287 | $11,752 | $0 |
| MICHAEL D'ALESSANDRO | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | SECRETARY | 8.0 | $90,776 | $5,118 | $0 |
| JERRY ZAYETS | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | VP RE DEVELOPMENT | 40.0 | $209,397 | $11,215 | $0 |
| S JOSEPH BRUNO | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | CHAIRMAN | 42.0 | $360,697 | $17,207 | $0 |
| BILL QUINBY | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| JEFF SIEGAL | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| JOE FISHER | ||||||||
| 1776 Eye St NW Suite 200 | WASHINGTON | DC | 20006 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| HENRIQUE ROJAS | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | RE DEVELOPMENT DIR | 40.0 | $137,175 | $7,789 | $0 |
| MATTHEW FROST | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | DIR OF REAL ESTATE | 40.0 | $140,769 | $19,500 | $0 |
| LEIGHANNE DALY | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | DIR OF REAL ESTATE | 40.0 | $134,791 | $7,388 | $0 |
| VANESSA ROWAN | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | ACCOUNTING MANAGER | 40.0 | $127,392 | $2,262 | $0 |
| BARBARA FELIZ TAVARES | ||||||||
| 1776 EYE ST NW SUITE 200 | WASHINGTON | DC | 20006 | MANAGER | 40.0 | $113,602 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 10 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Canyon Building & Design | |||||
| 4750 N La Cholla Blvd | TUCSON | AZ | 85705 | CONSTRUCTION | $20,046,869 |
| Barlett Cocke General Contractors | |||||
| 8706 Lockway | SAN ANTONIO | TX | 78217 | CONSTRUCTION | $12,888,939 |
| C & H Development | |||||
| 1542 Deer Run | GENEVA | FL | 32732 | CONSTRUCTION | $491,237 |
| P & T Construction inc | |||||
| 4500 PGA Boulevard Suite 302 | PALM BEACH GARDENS | FL | 33418 | CONSTRUCTION | $416,471 |
| Mobile Modular | |||||
| 5700 Las Positas Road | LIVERMORE | CA | 94551 | MODULARS | $290,791 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 32 | ContractorPaidOver50kCnt |
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 | $10,086,109 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,553,432 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,553,432 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,553,432 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $53,301 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,500,131 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $175,007 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,185,099 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $5,185,099 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,185,099 | AdjustedQualifyingDistriAmt |
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 | $175,007 | CurrentYearAmt |
| Year1 | $195,036 | Year1Amt |
| Year2 | $157,670 | Year2Amt |
| Year3 | $48,157 | Year3Amt |
| Total | $575,870 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $148,756 | CurrentYearAmt |
| Year1 | $165,781 | Year1Amt |
| Year2 | $134,020 | Year2Amt |
| Year3 | $40,933 | Year3Amt |
| Total | $489,490 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,185,099 | CurrentYearAmt |
| Year1 | $28,994,477 | Year1Amt |
| Year2 | $24,840,663 | Year2Amt |
| Year3 | $22,444,188 | Year3Amt |
| Total | $81,464,427 | 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 | $5,185,099 | CurrentYearAmt |
| Year1 | $28,994,477 | Year1Amt |
| Year2 | $24,840,663 | Year2Amt |
| Year3 | $22,444,188 | Year3Amt |
| Total | $81,464,427 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $79,641,522 | CurrentYearAmt |
| Year1 | $88,414,456 | Year1Amt |
| Year2 | $60,054,922 | Year2Amt |
| Year3 | $39,908,475 | Year3Amt |
| Total | $268,019,375 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $70,813,212 | CurrentYearAmt |
| Year1 | $83,915,346 | Year1Amt |
| Year2 | $56,964,334 | Year2Amt |
| Year3 | $34,275,904 | Year3Amt |
| Total | $245,968,796 | 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) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| SCHOOL LEASE REVENUE | $4,324,176 |
| PROJECT MANAGEMENT FEE INCOME | $2,086,839 |
| INTEREST INCOME FROM NOTES RECEIVABLE | $26,589 |
| 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 | |
| Div And Int From Sec Part VII | DivAndIntFromSecPartVIIGrp | |
| 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 Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,787,380 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,787,380 | ExclusionAmt |
| Related Or Exempt Function Incm | $6,437,604 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,224,984 | 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 |
|---|---|
| 1A | SCHOOL LEASE REVENUE |
| 1B | PROJECT MANAGEMENT FEE INCOME |
| 1C | INTEREST INCOME FROM NOTES RECEIVABLE |
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 FEES | CategoryTxt |
| Amt | $99,915 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $99,915 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $218,821 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $218,821 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (16 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | InterestInterestRt | Repayment TermsRepaymentTermsTxt |
|---|---|---|---|---|---|
| PNC REAL ESTATE | |||||
| $1,400,000 | $948,404 | 2018-10 | 2021-10 | 1.1 | |
| EAGLE REAL ESTATE | |||||
| $2,000,000 | $1,986,371 | 2018-10 | 3.75 | NOTE DUE ON DEMAND | |
| CITY FIRST REAL ESTATE | |||||
| $1,400,000 | $107,792 | 2018-10 | 2021-10 | 1.64 | |
| BANK OF AMERICA WESTERVELT | |||||
| $14,988,549 | $14,428,183 | 2017-09 | 2022-09 | 6. | |
| PNC TECHNOLOGY DRIVE | |||||
| $6,500,000 | $0 | 2018-01 | 2022-08 | 5.4 | |
| EB-5 JOHN YOUNG | |||||
| $2,620,842 | $0 | 2018-11 | 2020-12 | 4.25 | |
| PNC JOHN YOUNG | |||||
| $15,045,000 | $0 | 2018-12 | 2022-12 | 5.75 | |
| EB-5 SKYWAY DRIVE | |||||
| $8,000,000 | $8,000,000 | 2018-12 | 2024-12 | 4.25 | |
| ORIX PARKSIDE | |||||
| $20,000,000 | $4,972,939 | 2019-03 | 2026-03 | 8.75 | |
| BANK OF AMERICA MARKET STREET | |||||
| $8,376,374 | $8,022,894 | 2019-01 | 2022-06 | 3.646 | |
| PNC BRANT ROCK | |||||
| $15,000,000 | $0 | 2019-01 | 2021-01 | 5.4 | |
| PNC WEST LOOP | |||||
| $14,136,000 | $0 | 2019-11 | 2022-11 | 5.4 | |
| BANK OF AMERICA WESTERVELT | |||||
| $14,988,549 | $0 | 2019-11 | 2022-12 | 6.25 | |
| CAPITAL IMPACT SR WEST LOOP | |||||
| $2,000,000 | $0 | 2019-11 | 2022-12 | 5.75 | |
| PNC SKYWAY | |||||
| $9,400,000 | $4,200,020 | 2020-08 | 2023-08 | 4. | |
| PNC I-35A | |||||
| $9,195,864 | $2,299,617 | 2020-06 | 2022-06 | 5. | |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (7 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DUE FROM AFFILIATE | $12,596,857 | $11,466,863 | $11,466,863 |
| OTHER ASSETS | $2,087,890 | $1,991,481 | $1,991,481 |
| DEFERRED RENT | $1,768,510 | $1,768,510 | |
| PREDEVELOPMENT COSTS | $1,189,716 | $1,189,716 | |
| DEFERRED FINANCING | $1,696,142 | $896,904 | $896,904 |
| INVESTMENTS IN AFFLIATES | $596,005 | $569,611 | $569,611 |
| SECURITY DEPOSITS | $140,000 | $540,000 | $540,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| REAL ESTATE DEVELOPMENT | $593,880 | $0 | $0 | $593,880 |
| FACILITIES OPERATION | $403,182 | $403,182 | ||
| ALLOCATED EXPENSES | $75,192 | |||
| INSURANCE | $56,821 | $0 | $0 | $56,821 |
| OFFICE EXPENSE | $37,143 | $37,143 | ||
| MEALS & ENTERTAINMENT | $31,314 | $0 | $0 | $31,314 |
| TELEPHONE | $24,973 | $24,973 | ||
| SUPPLIES | $24,824 | $24,824 | ||
| BANK FEES | $18,067 | $18,067 | ||
| IT | $4,686 | $4,686 | ||
| LICENSES & MEMBERSHIPS | $2,987 | $2,987 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| SCHOOL LEASE REVENUE | $4,324,176 | $0 | $4,324,176 |
| PROJECT MANAGEMENT FEES | $2,086,839 | $0 | $2,086,839 |
| IMPUTED INTEREST | $26,589 | $0 | $26,589 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $273,609 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DUE TO AFFILIATE | $29,496,486 | $30,033,943 |
| SECURITY DEPOSIT | $136,041 | $82,374 |
| LEASEHOLD IMPROV ALLOW | $9,898 | $2,828 |
| OTHER LIABILITIES | $9,464 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| IT FEES | $29,563 | $0 | $0 | $29,563 |
| PAYROLL SERVICE FEES | $8,008 | $0 | $0 | $8,008 |
| OTHER | $41,810 | $0 | $0 | $41,810 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $164,441 | $0 | $0 | $164,441 |
| REAL ESTATE TAXES | $8,432 | $0 | $0 | $8,432 |
Comments