BUILDING HOPE FINANCE: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- BUILDING HOPE FINANCE (EIN 20-0367954)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-15
- IRS object ID
- 202513199349101221
- Schema version
- 2024v5.1
- 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
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc 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 | 2025-11-15T14:33:03+00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135381590 | PreparerFirmEIN |
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 DR STE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 221023599 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | 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) |
|---|---|---|
| Business Name Control | BUIL | BusinessNameControlTxt |
| Phone | 2024571995 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 PENNSYLVANIA AVE NW 250 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mr Lance Helming | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2025-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAKE COOK | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 7038930600 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $192,949,307 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Net Gain Sale Ast Rev And Expnss | $0 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $16,881,039 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,697,463 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $33,934,640 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $16,881,039 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,697,463 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $33,934,640 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $210,314 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $201,513 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $201,513 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $8,801 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,749,718 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $105,002 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $105,002 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,644,716 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $193,802 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $34,294 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $34,294 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $159,508 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $21,460 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $21,460 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $107,087 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $53,544 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $53,544 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $53,544 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $397,532 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $397,532 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $4,543,376 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $4,543,376 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $4,543,376 | InterestAdjNetIncmAmt |
| Taxes Rev And Expnss | $135,653 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $135,653 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $31,290 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $7,822 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $31,290 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $142,912 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $35,728 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $35,728 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $107,184 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $144,842 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $144,842 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $4,046 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $202 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $202 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $3,843 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $715,960 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $178,247 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $607,671 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $145,799 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,397,992 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,159,728 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $5,612,620 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,822,882 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,397,992 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,159,728 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $5,612,620 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,822,882 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,483,047 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $28,322,020 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $36,858,250 | CashBOYAmt |
| Cash EOY | $57,688,775 | CashEOYAmt |
| Cash EOYFMV | $57,688,775 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,559,580 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $353,723 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $353,723 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $20,243,153 | AcctRcvblAmt |
| Acct Rcvbl BOY | $19,563,042 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $20,243,153 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $20,243,153 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $64,938,356 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $1,021,734 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $54,981,206 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $63,916,622 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $63,916,622 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $15,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $13,547 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $13,547 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $40,386,227 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $43,082,386 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $43,082,386 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $16,655 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,204 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $10,265 | LandBOYAmt |
| Land EOY | $6,451 | LandEOYAmt |
| Land EOYFMV | $6,451 | LandEOYFMVAmt |
| Other Assets BOY | $2,751,813 | OtherAssetsBOYAmt |
| Other Assets EOY | $7,644,650 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $7,644,650 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $157,125,383 | TotalAssetsBOYAmt |
| Total Assets EOY | $192,949,307 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $192,949,307 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $401,699 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $350,718 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $50,534,816 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $73,773,852 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $22,830,651 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $27,971,797 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $73,767,166 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $102,096,367 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $39,152,635 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $40,363,290 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $44,205,582 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $50,489,650 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $83,358,217 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $90,852,940 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $157,125,383 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $192,949,307 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $83,358,217 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,483,047 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $91,841,264 | SubtotalAmt |
| Other Decreases | $988,324 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $90,852,940 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $0 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| 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 |
| Refund | $0 | RefundAmt |
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 |
| Individual With Books | LANCE HELMING | IndividualWithBooksNm |
| Phone | 2024571995 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 PENNSYLVANIA AVE NW SUITE 250 | 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL D'ALESSANDRO | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | SECRETARY (THRU 08/2024) | 2.00 | $77,734 | $2,990 | $0 |
| DRU DAMICO | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| WILLIAM HANSEN | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | CHAIR/INTERIM CORP SECRETARY | 11.00 | $140,193 | $6,241 | $0 |
| LANCE HELMING | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | CFO/TREASURER | 20.00 | $135,890 | $9,309 | $0 |
| TIM MERRITT | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | SVP OF ACCOUNTING | 20.00 | $101,886 | $0 | $0 |
| RICHARD MORENO | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | DIRECTOR | 1.00 | $8,109 | $256 | $0 |
| ROBIN ODLAND | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | PRESIDENT | 50.00 | $456,601 | $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 |
|---|---|---|---|---|---|---|---|---|
| CECILIA WALKER | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | CHIEF CREDIT OFFICER | 40.00 | $176,190 | $3,182 | $0 |
| ALI REZA EHSANI | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | SENIOR ACCOUNTANT | 40.00 | $104,269 | $5,982 | $0 |
| CANDACE JENKINS | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | FINANCIAL ANALYST | 40.00 | $78,709 | $2,209 | $0 |
| VANESSA ROWAN | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | VP OF FINANCE | 40.00 | $88,674 | $5,458 | $0 |
| DARIO GRAY | ||||||||
| 1730 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | GRANTS ADMINISTRATOR | 40.00 | $76,228 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 2 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Bradford Karrer | |||||
| 1353 OTIS PLACE NW | WASHINGTON | DC | 20010 | REALTY SERVICES | $103,000 |
| BDO | |||||
| 330 N WABASH AVE STE 3200 | CHICAGO | IL | 60611 | TAX AND AUDIT | $99,496 |
| Givens Pursley | |||||
| PO Box 2720 | BOISE | ID | 83701 | LEGAL SERVICES | $90,102 |
| Kutak Rock | |||||
| PO Box 30057 | OMAHA | NE | 68103 | LEGAL SERVICES | $80,000 |
| Leda DiLeonardo | |||||
| 1730 PENNSYLVANIA AVE NW SUITE 250 | WASHINGTON | DC | 20006 | LOAN SERVICING | $57,093 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE SUPPLEMENTAL INFORMATION | Description1Txt |
| Expenses1 | $8,397,992 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BURNS SCIENCE AND TECHNOLOGY CHARTER SCHOOL, INC | Description1Txt |
| Expenses1 | $6,200,000 | Expenses1Amt |
| Description2 | ST. JOHNS CLASSICAL ACADEMY | Description2Txt |
| Expenses2 | $5,459,625 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $14,312,452 | AllOtherProgramRltdInvstTotAmt |
| Total | $25,972,077 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $91,370,220 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $91,370,220 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $91,370,220 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,370,553 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $89,999,667 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,499,983 | 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 | $2,822,882 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $25,972,077 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $28,794,959 | 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 | $4,499,983 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $2,405,674 | Year2Amt |
| Year3 | $1,340,442 | Year3Amt |
| Total | $8,246,099 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,824,986 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $2,044,823 | Year2Amt |
| Year3 | $1,139,376 | Year3Amt |
| Total | $7,009,185 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $28,794,959 | CurrentYearAmt |
| Year1 | $15,184,885 | Year1Amt |
| Year2 | $16,659,696 | Year2Amt |
| Year3 | $16,991,904 | Year3Amt |
| Total | $77,631,444 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $28,794,959 | CurrentYearAmt |
| Year1 | $15,184,885 | Year1Amt |
| Year2 | $16,659,696 | Year2Amt |
| Year3 | $16,991,904 | Year3Amt |
| Total | $77,631,444 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $192,949,307 | CurrentYearAmt |
| Year1 | $156,646,428 | Year1Amt |
| Year2 | $123,144,406 | Year2Amt |
| Year3 | $124,025,462 | Year3Amt |
| Total | $596,765,603 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $134,917,012 | CurrentYearAmt |
| Year1 | $117,228,599 | Year1Amt |
| Year2 | $84,840,241 | Year2Amt |
| Year3 | $117,532,625 | Year3Amt |
| Total | $454,518,477 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| IMPUTED INTEREST-BELOW MARKET NOTES REC. | $10,575,601 |
| PROFESSIONAL SERVICES INCOME | $975,487 |
| GUARANTY FEES | $616,063 |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| PRI INTEREST RELATED INCOME | 1 | $4,697,463 |
| SERVICING PASS-THROUGH INCOME | 1 | $16,425 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,713,888 | ExclusionAmt |
| Related Or Exempt Function Incm | $12,167,151 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $16,881,039 | 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 |
|---|---|
| Form | 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. |
| Form | FEES EARNED FROM SERVICING LOANS MADE TO CHARTER SCHOOLS. |
| Form | FEES EARNED FROM OUR CREDIT ENHANCEMENT PROGRAM THAT SUPPORT LOANS MADE TO PUBLIC CHARTER SCHOOLS BY FINANCIAL INSTITUTIONS FOR THE ACQUISITION, CONSTRUCTION, AND RENOVATIONS OF FACILITIES. |
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 | $107,087 | Amt |
| Net Investment Income | $53,544 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $53,544 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $53,544 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (9 entries)
| DescDesc | AmtAmt |
|---|---|
| GS 50 2ND STREET, LLC | $4,500,000 |
| COASTAL HIGH SCHOOL | $2,664,473 |
| IDAHO NOVUS CLASSICAL ACADEMY, LLC | $1,974,465 |
| ROCKETSHIP EDUCATION, INC | $1,895,140 |
| DONNA J. BEASLEY TECHNICAL ACADEMY | $1,240,290 |
| IMAGINE SCHOOL AT NORTH PORT. INC | $866,983 |
| GOUCHER CHARTER ACADEMY | $590,000 |
| LEARNING EXCELLENCE FOUNDATION OF WEST BROWARD COUNTY, INC | $419,264 |
| IMAGINE PASCO COUNTY LLC | $161,837 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Furniture Fixtures & Equipment | PropertyDesc |
| Prior Year Depreciation | $43,677 | PriorYearDepreciationAmt |
| Computation Method | SLM | ComputationMethodTxt |
| Life | 5.0 | LifeRt |
| Current Year Expense | $31,290 | CurrentYearExpenseAmt |
| Net Investment Income | $7,822 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $31,290 | AdjustedNetIncomeAmt |
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 | Summary of Direct Charitable Part VIII-A Activities | IdentifierTxt |
| Form And Line Reference | Form 990-PF, Part VIII-A | FormAndLineReferenceDesc |
| Medium Explanation | BUILDING HOPE SUPPORTED THE DEVELOPMENT AND SUCCESSFUL OPERATION OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS ACROSS THE NATION, INCLUDING CHARTER, PRIVATE AND OTHER GRADE SCHOOLS, MICROSCHOOLS, COLLEGES, AND UNIVERSITIES, WITH A PARTICULAR FOCUS ON REGIONS INHABITED BY LOW-INCOME, MINORITY, OR OTHER HISTORICALLY DISADVANTAGED GROUPS, BY (A) PROVIDING GRANTS, PROGRAM RELATED INVESTMENTS, AND CREDIT ENHANCEMENTS/GUARANTEES TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS; (B) HELPING SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS THROUGH THE MANAGEMENT AND DEPLOYMENT OF GRANT PROGRAMS, PROGRAM-RELATED INVESTMENTS FROM PHILANTHROPIC ORGANIZATIONS, AND SUPPORT FROM OTHER FUNDERS, INCLUDING STATE AND FEDERAL PROGRAMS; (C) MANAGING REVOLVING LOAN FUNDS ON BEHALF OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS, LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS, PHILANTHROPY, AND GOVERNMENTAL ENTITIES; (D) HELPING SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS WITH BACK-OFFICE ACCOUNTING, PAYROLL AND HUMAN RESOURCE SUPPORT, AND OTHER OPERATIONAL SERVICES, ALONG WITH SITE SELECTION, BUILDING DESIGN, LEASE/PURCHASE NEGOTIATIONS, FINANCIAL CONSULTATION, CONSTRUCTION MANAGEMENT, TO HELP THEM DEVELOP, BUILD, OPERATE, AND MAINTAIN THEIR SCHOOL FACILITIES; (E) CONDUCTING PROGRAMS AND PERFORMING OUTREACH TO IMPROVE ACADEMIC ACHIEVEMENT, STIMULATE ECONOMIC DEVELOPMENT, PROMOTE CAREER EXPLORATION AND IMPROVE ACCESS TO HIGHER EDUCATION FOR STUDENTS AT THE SCHOOLS; (F) SUPPORTING SCHOOL LEADERS FROM ACROSS THE NATION TO CONNECT, COLLABORATE, AND CELEBRATE EDUCATION; AND (F) ACQUIRING, FINANCING, DEVELOPING, CONSTRUCTING, AND/OR LEASING FACILITIES FOR/TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS, FOR ACADEMIC AND ADMINISTRATIVE PURPOSES, AS WELL AS COMMUNITY DEVELOPMENT FACILITIES AND ORGANIZATIONS (INCLUDING AFFORDABLE HOUSING, MEDICAL CENTERS, COMMUNITY CENTERS, STUDENT HOUSING, WORKFORCE LOW-INCOME HOUSING, TRAINING AND CERTIFICATION ORGANIZATIONS, ALL IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSES, INCLUDING TO ADVANCE EDUCATION, STIMULATE REGIONAL ECONOMIC DEVELOPMENT, LESSEN THE BURDENS OF GOVERNMENT, RELIEVE POVERTY, ELIMINATE PREJUDICE, REDUCE NEIGHBORHOOD TENSION, AND COMBAT COMMUNITY DETERIORATION. | 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 | $43,082,386 | BookValueAmt |
| EOYFMV | $43,082,386 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Furniture Fixtures & Equipment | CategoryOrItemTxt |
| Cost Or Other Basis | $16,655 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $10,204 | AccumulatedDepreciationAmt |
| Book Value | $6,451 | BookValueAmt |
| EOYFMV | $6,451 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $21,460 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $21,460 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $50,534,816 | MortgageAmt |
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 | $3,432,798 | 2022-04 | 2046-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/17/2046 | 0.0359 | secured by all notes receivable financed with loan advances & all proceeds of foregoing property | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| USDA | |||||||
| $2,266,036 | $1,995,284 | 2016-12 | 2056-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/28/2056 | 0.0238 | secured by all notes receivable financed with the loan & an irrevocable letter-of-credit | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| OPPORTUNITY FINANCE NETWORK (BGP) | |||||||
| $9,181,817 | $10,949,365 | 2018-08 | 2043-12 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/15/2043 | 0.0347 | secured by all notes receivable financed with loan advances & all proceeds of foregoing property | 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 | 0.0 | NONE | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| BANK OF CALIFORNIA | |||||||
| $18,000,000 | $17,819,274 | 2024-02 | 2025-02 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 02/28/2025 | 0.015 | secured by all notes receivable financed with loan advances & all proceeds of foregoing property | TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS |
| East West Bank | |||||||
| $12,000,000 | $5,977,131 | 2024-10 | 2028-02 | MONTHLY INT PAYMENTS, PRINCIPAL DUE 02/20/2028 | 0.015 | secured by all notes receivable financed with loan advances & all proceeds of foregoing property | 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 | $1,592,150 | $6,882,000 | $6,882,000 |
| SECURITY DEPOSITS | $508,637 | $508,637 | $508,637 |
| DEFERRED FINANCING COSTS | $161,026 | $254,013 | $254,013 |
| OTHER ASSETS | $490,000 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $988,324 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CURRENT & EXPECTED CREDIT LOSSES | $528,453 | $174,389 | $528,453 | $0 |
| SERVICE FEES | $37,512 | $0 | $37,512 | $37,512 |
| ALLOCATED EXPENSES | $36,573 | $0 | $36,573 | $0 |
| TELEPHONE & TELECOMMUNICATIONS | $33,006 | $3,434 | $3,434 | $29,571 |
| INSURANCE | $28,273 | $0 | $0 | $28,273 |
| MEMBERSHIPS | $13,055 | $0 | $0 | $13,055 |
| MEALS & ENTERTAINMENT | $12,541 | $0 | $0 | $12,541 |
| ACCOUNTING SOFTWARE EXPENSE | $11,156 | $0 | $0 | $11,156 |
| SUPPLIES | $4,687 | $246 | $246 | $4,441 |
| MISCELLANEOUS EXPENSE | $4,391 | $0 | $0 | $4,391 |
| POSTAGE, SHIPPING, DELIVERY | $3,562 | $178 | $178 | $3,383 |
| OTHER DIRECT EXPENSES | $1,275 | $0 | $1,275 | $0 |
| FACILITIES OPERATION AND MAINTENANCE | $1,132 | $0 | $0 | $1,132 |
| OTHER INDIRECT EXPENSES | $344 | $0 | $0 | $344 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| IMPUTED INTEREST-BELOW MARKET NOTES REC. | $10,575,601 | $0 | $10,575,601 |
| PRI INTEREST RELATED INCOME | $4,697,463 | $4,697,463 | $4,697,463 |
| PROFESSIONAL SERVICES INCOME | $975,487 | $0 | $975,487 |
| GUARANTY/ORIGINATION FEES | $616,063 | $0 | $616,063 |
| SERVICING PASS-THROUGH INCOME | $16,425 | $0 | $16,425 |
| PRI RECOVERIES | $0 | $0 | $17,053,601 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| AGENCY PASS THROUGH FUNDS | $22,881,871 | $27,790,718 |
| DUE TO AFFILIATES | -$51,220 | $161,202 |
| Allowance for Credit Losses | $0 | $19,877 |
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 | SEE ATTACHMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $55,494,364 | LoanOriginalAmt |
| Balance Due | $63,916,622 | BalanceDueAmt |
| Interest | 0 | InterestRt |
| Consideration FMV | $63,916,622 | ConsiderationFMVAmt |
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 | $368,342 | $0 | $0 | $368,342 |
| INFORMATION TECHNOLOGY | $17,870 | $0 | $0 | $17,870 |
| PAYROLL SERVICE FEES | $11,320 | $0 | $0 | $11,320 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $135,653 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $135,653 | DisbursementsCharitablePrpsAmt |