2025-11-15T14:33:03+00:00 2024-12-31 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990PF 2024-01-01 200367954 BUILDING HOPE FINANCE BUIL 2024571995 1730 PENNSYLVANIA AVE NW 250 WASHINGTON DC 20006 Mr Lance Helming CFO 2025-11-15 true JAKE COOK P01240455 7038930600 2025-11-12 2024 2025-03-06 01:10:19Z X X 192949307 X X 0 0 0 0 0 16881039 4697463 33934640 16881039 4697463 33934640 210314 201513 201513 8801 1749718 105002 105002 1644716 193802 34294 34294 159508 21460 0 0 21460 107087 53544 53544 53544 397532 0 0 397532 4543376 4543376 4543376 135653 0 0 135653 31290 7822 31290 142912 35728 35728 107184 144842 144842 4046 202 202 3843 715960 178247 607671 145799 8397992 5159728 5612620 2822882 0 0 8397992 5159728 5612620 2822882 8483047 0 28322020 36858250 57688775 57688775 2559580 353723 353723 20243153 19563042 20243153 20243153 0 0 0 0 0 64938356 1021734 54981206 63916622 63916622 15000 13547 13547 0 0 0 0 0 0 0 0 0 0 0 0 40386227 43082386 43082386 16655 10204 10265 6451 6451 2751813 7644650 7644650 157125383 192949307 192949307 401699 350718 0 0 50534816 73773852 22830651 27971797 73767166 102096367 X 39152635 40363290 44205582 50489650 83358217 90852940 157125383 192949307 83358217 8483047 0 91841264 988324 90852940 0 0 0 0 0 17766 0 17766 17766 17766 0 false false false false false false false true true DC false true false false false true WWW.BUILDINGHOPE.ORG LANCE HELMING 2024571995 1730 PENNSYLVANIA AVE NW SUITE 250 WASHINGTON DC 20006 false false false false true false false false false false false false false false false false false false false false false false MICHAEL D'ALESSANDRO 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 SECRETARY (THRU 08/2024) 2.00 77734 2990 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 140193 6241 0 LANCE HELMING 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 CFO/TREASURER 20.00 135890 9309 0 TIM MERRITT 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 SVP OF ACCOUNTING 20.00 101886 0 0 RICHARD MORENO 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 DIRECTOR 1.00 8109 256 0 ROBIN ODLAND 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 PRESIDENT 50.00 456601 0 0 CECILIA WALKER 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 CHIEF CREDIT OFFICER 40.00 176190 3182 0 ALI REZA EHSANI 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 SENIOR ACCOUNTANT 40.00 104269 5982 0 CANDACE JENKINS 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 FINANCIAL ANALYST 40.00 78709 2209 0 VANESSA ROWAN 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 VP OF FINANCE 40.00 88674 5458 0 DARIO GRAY 1730 PENNSYLVANIA AVE NW WASHINGTON DC 20006 GRANTS ADMINISTRATOR 40.00 76228 0 0 2 Bradford Karrer 1353 OTIS PLACE NW WASHINGTON DC 20010 REALTY SERVICES 103000 BDO 330 N WABASH AVE STE 3200 CHICAGO IL 60611 TAX AND AUDIT 99496 Givens Pursley PO Box 2720 BOISE ID 83701 LEGAL SERVICES 90102 Kutak Rock PO Box 30057 OMAHA NE 68103 LEGAL SERVICES 80000 Leda DiLeonardo 1730 PENNSYLVANIA AVE NW SUITE 250 WASHINGTON DC 20006 LOAN SERVICING 57093 0 SEE SUPPLEMENTAL INFORMATION 8397992 BURNS SCIENCE AND TECHNOLOGY CHARTER SCHOOL, INC 6200000 ST. JOHNS CLASSICAL ACADEMY 5459625 14312452 25972077 0 91370220 0 91370220 0 91370220 1370553 89999667 4499983 X 2822882 25972077 0 0 0 28794959 X 4499983 0 2405674 1340442 8246099 3824986 0 2044823 1139376 7009185 28794959 15184885 16659696 16991904 77631444 0 28794959 15184885 16659696 16991904 77631444 192949307 156646428 123144406 124025462 596765603 134917012 117228599 84840241 117532625 454518477 X 0 0 IMPUTED INTEREST-BELOW MARKET NOTES REC. 10575601 PROFESSIONAL SERVICES INCOME 975487 GUARANTY FEES 616063 PRI INTEREST RELATED INCOME 1 4697463 SERVICING PASS-THROUGH INCOME 1 16425 0 4713888 12167151 16881039 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. false false false false false false false false false false ACCOUNTING & TAX PREP FEES 107087 53544 53544 53544 GS 50 2ND STREET, LLC 4500000 COASTAL HIGH SCHOOL 2664473 IDAHO NOVUS CLASSICAL ACADEMY, LLC 1974465 ROCKETSHIP EDUCATION, INC 1895140 DONNA J. BEASLEY TECHNICAL ACADEMY 1240290 IMAGINE SCHOOL AT NORTH PORT. INC 866983 GOUCHER CHARTER ACADEMY 590000 LEARNING EXCELLENCE FOUNDATION OF WEST BROWARD COUNTY, INC 419264 IMAGINE PASCO COUNTY LLC 161837 Furniture Fixtures & Equipment 43677 SLM 5.0 31290 7822 31290 THE STATE DOES NOT ACCEPT A COPY OF THE FILING. Summary of Direct Charitable Part VIII-A Activities Form 990-PF, Part VIII-A 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. INVESTMENTS FMV 43082386 43082386 Furniture Fixtures & Equipment 16655 10204 6451 6451 LEGAL FEES 21460 0 0 21460 50534816 OPPORTUNITY FINANCE NETWORK (BGP) 3700000 3432798 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 2266036 1995284 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) 9181817 10949365 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 33600000 33600000 2016-12 2024-12 INTEREST FREE, PRINCIPAL DUE IN ONE LUMP SUM 0.0 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS BANK OF CALIFORNIA 18000000 17819274 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 12000000 5977131 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 IMPUTED INTEREST DISCOUNT 1592150 6882000 6882000 SECURITY DEPOSITS 508637 508637 508637 DEFERRED FINANCING COSTS 161026 254013 254013 OTHER ASSETS 490000 0 0 UNREALIZED LOSS 988324 CURRENT & EXPECTED CREDIT LOSSES 528453 174389 528453 0 SERVICE FEES 37512 0 37512 37512 ALLOCATED EXPENSES 36573 0 36573 0 TELEPHONE & TELECOMMUNICATIONS 33006 3434 3434 29571 INSURANCE 28273 0 0 28273 MEMBERSHIPS 13055 0 0 13055 MEALS & ENTERTAINMENT 12541 0 0 12541 ACCOUNTING SOFTWARE EXPENSE 11156 0 0 11156 SUPPLIES 4687 246 246 4441 MISCELLANEOUS EXPENSE 4391 0 0 4391 POSTAGE, SHIPPING, DELIVERY 3562 178 178 3383 OTHER DIRECT EXPENSES 1275 0 1275 0 FACILITIES OPERATION AND MAINTENANCE 1132 0 0 1132 OTHER INDIRECT EXPENSES 344 0 0 344 IMPUTED INTEREST-BELOW MARKET NOTES REC. 10575601 0 10575601 PRI INTEREST RELATED INCOME 4697463 4697463 4697463 PROFESSIONAL SERVICES INCOME 975487 0 975487 GUARANTY/ORIGINATION FEES 616063 0 616063 SERVICING PASS-THROUGH INCOME 16425 0 16425 PRI RECOVERIES 0 0 17053601 AGENCY PASS THROUGH FUNDS 22881871 27790718 DUE TO AFFILIATES -51220 161202 Allowance for Credit Losses 0 19877 SEE ATTACHMENT 55494364 63916622 0 63916622 OTHER PROFESSIONAL FEES 368342 0 0 368342 INFORMATION TECHNOLOGY 17870 0 0 17870 PAYROLL SERVICE FEES 11320 0 0 11320 PAYROLL TAXES 135653 0 0 135653