2011-05-13T11:42:50-05:00 2010-12-31 MINOR ANGLIN & ASSOCIATES PA 3608 SHANNON RD SUITE 105 DURHAM NC 27707 990 2010-01-01 205724075 BUILDERS OF HOPE INC BUIL 9198306666 310 NORTH HARRINGTON STREET RALEIGH NC 27603 NANCY MURRAY 9198306666 2011-03-15 true DAN E MINOR- CPA 9194932603 2011-05-13 2010 2016-03-07 17:11:31Z NANCY MURRAY 310 NORTH HARRINGTON STREET RALEIGH NC 27603 8625333 false X WWW.BUILDERSOFHOPE.ORG X 2006 NC OUR MISSION IS TO INCREASE THE AVAILABILITY OF HIGH-QUALITY, SAFE, AFFORDABLE AND WORKFORCE HOUSING OPTIONS. THRU INNOVATIVE REUSE AND REHABILITATION WE INCORPORATE ECONOMIC BENEFITS, ENVIRONMENTAL STEWARDSHIP AND SOCIAL SOLUTIONS. AS SOCIAL ENTREPRENEURS, BUIDERS OF HOPE SUSTAINABLY REVITALIZES AT-RISK COMMUNITIES-ONE HOME, ONE FAMILY, ONE LIFE AT A TIME. OUR VISION IS TO BE LEADERS IN INNOVATION OF SUSTAINABLE REDEVELOPMENT. 7 6 69 5000 -104804 3947796 5526622 1432187 2591382 -11359 -47843 -31650 -40768 5336974 8029393 5000 675 0 289369 1750187 0 316031 2305694 5309045 2600063 7059907 2736911 969486 5983733 10944560 2927983 6892055 3055750 4052505 X OUR MISSION IS TO INCREASE THE AVAILABILITY OF HIGH-QUALITY, SAFE, AFFORDABLE AND WORKFORCE HOUSING OPTIONS. THRU INNOVATIVE REUSE AND REHABILITATION WE INCORPORATE ECONOMIC BENEFITS, ENVIRONMENTAL STEWARDSHIP AND SOCIAL SOLUTIONS. AS SOCIAL ENTREPRENEURS, BUIDERS OF HOPE SUSTAINABLY REVITALIZES AT-RISK COMMUNITIES-ONE HOME, ONE FAMILY, ONE LIFE AT A TIME. OUR VISION IS TO BE LEADERS IN INNOVATION OF SUSTAINABLE REDEVELOPMENT. false false 5867903 675 2572244 OUR MISSION IS TO INCREASE THE AVAILABILITY OF HIGH-QUALITY, SAFE, AFFORDABLE AND WORKFORCE HOUSING OPTIONS. THRU INNOVATIVE REUSE AND REHABILITATION WE INCORPORATE ECONOMIC BENEFITS, ENVIRONMENTAL STEWARDSHIP AND SOCIAL SOLUTIONS. AS SOCIAL ENTREPRENEURS, BUIDERS OF HOPE SUSTAINABLY REVITALIZES AT-RISK COMMUNITIES-ONE HOME, ONE FAMILY, ONE LIFE AT A TIME. OUR VISION IS TO BE LEADERS IN INNOVATION OF SUSTAINABLE REDEVELOPMENT. 5867903 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false true false false false false true false false false false false false false false false true 111 0 true 69 true false false false false false false X 7 6 true false false false false false false true true false false true true false false true true false false false NC X THE ORGANIZATION 8002776138 310 NORTH HARRINGTON STREET RALEIGH NC 27603 NANCY MURRAY 40.00 X X 95000 0 0 PETER ADAMS 2.00 X 0 0 0 SANDRA M CLARK 3.00 X X 0 0 0 SCOTT STONE 2.00 X 0 0 0 VICTORIA PHILLIPS 2.00 X 0 0 0 TIM GOETTEL 2.00 X 0 0 0 PHIL BRICKEL 2.00 X 0 0 0 LEW SCHULMAN 45.00 X 116015 0 0 ERIC S HOSTETLER 42.00 X 50300 0 0 261315 1 false false false TIM CLARK CONSTRUCTION LLC 4431 EUPHROSINE STREET SUITE G NEW ORLEANS LA 70125 CONSTRUCTION 631150 PROBUILD COMPANY LLC 2512 YONKERS ROAD RALEIGH NC 27604 CONSTRUCTION 275692 THOMPSON PLUMBING CO 381 WYNDFALL LANE CLAYTON NC 27527 PLUMBING 207852 CASEY SERVICES HVAC INC 4900 PURNELL ROAD WAKE FOREST NC 27587 HVAC CONTRACTOR 194540 ALVIN JOHNSON 223 SHANK STREET HENDERSON NC 27536 CONTRACTOR 193370 8 2353425 3173197 1980752 5526622 HOME SALES 531390 2466870 2466870 PROFESSIONAL SERVICES INCOME 531390 90062 90062 GREEN BUSINESS CREDITS 531390 34450 34450 2591382 2530 2530 198763 303567 -104804 -104804 -104804 242000 292373 -50373 -50373 -50373 32801 32801 32801 INCOME - OTHER 31235 31235 31235 8029393 2572244 -104804 35331 675 675 1578158 891664 444644 241850 38533 36868 1665 133496 68230 43776 21490 8639 8639 31323 28191 3132 83269 63705 19564 36538 36538 157579 126103 31476 58450 51438 7012 100830 90747 10083 112536 111694 842 10395 2600 137 7658 127020 127020 15503 7938 7565 97063 87357 9706 COST OF HOMES - REHAB 4082061 4082061 OBSOLETE INVENTORY 96527 96527 ABANDONED PROJECTS EXPENS 93264 93264 MEALS & ENTERTAINMENT 30381 30381 FUNDRAISING EVENT 25661 25661 142006 82973 39661 19372 7059907 5867903 875973 316031 9489 8788 465935 934251 47500 2049086 1759839 223347 15625 20150 1678163 3982684 13392 28270 3759107 78923 1904549 3680184 89241 17800 5983733 10944560 99634 1884461 691545 728113 2034220 3686694 42864 400749 59720 192038 2927983 6892055 X 1308250 2055919 1747500 1996586 3055750 4052505 5983733 10944560 969486 27269 X false true true X false X 2334470 5121096 5526622 12982188 1939979 1432187 2622617 5994783 4274449 6553283 8149239 18976971 665446 665446 665446 665446 18311525 1612 5604 2530 9746 1612 5604 2530 9746 140 26235 26375 4276201 6585122 8151769 19013092 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 508454 508454 3133009 59612 3073397 37456 1136 36320 64676 14654 50022 15512 3521 11991 3680184 AMERICAN EXPRESS 52633 ACCRUED INTEREST - N/P NANCY MURRAY 43687 ACCRUED PAYROLL 30133 ACCRUED PAYROLL 25260 CONTRACTS PAYABLE 18960 SECURITY DEPOSITS-TENANTS 17800 EARNEST MONEY 3565 PAYROLL RELATED LIABILITIES DIRECT DEPOSIT LIABILITIES 401(K) CONTRIBUTIONS PAYABLE 192038 8029393 7059907 969486 27269 27269 996755 8029393 8029393 8029393 7032638 7032638 27269 27269 7059907 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X BUILDERS OF HOPE, INC. IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE). AS SUCH, BUILDERS OF HOPE, INC. IS EXEMPT FROM FEDERAL INCOME TAXES TO THE EXTENT PROVIDED UNDER SECTION 501 OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2010 THERE WERE NO UNCERTAIN TAX POSITIONS. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 BOOK / TAX DEPRECIATION DIFFERENCE 27,269 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 27,269 GREEN FRAME 32801 32801 32801 32801 32801 NANCY MURRAY SEED FUNDS FOR DEVELOPMENT X 691544 728113 false true true 728113 X 1 5240 X 1 134195 PROPERTY TAX VALUE X HOUSES 26 1841317 APPRAISAL false false false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION OUR MISSION IS TO INCREASE THE AVAILABILITY OF HIGH-QUALITY, SAFE, AFFORDABLE AND WORKFORCE HOUSING OPTIONS. THRU INNOVATIVE REUSE AND REHABILITATION WE INCORPORATE ECONOMIC BENEFITS, ENVIRONMENTAL STEWARDSHIP AND SOCIAL SOLUTIONS. AS SOCIAL ENTREPRENEURS, BUIDERS OF HOPE SUSTAINABLY REVITALIZES AT-RISK COMMUNITIES-ONE HOME, ONE FAMILY, ONE LIFE AT A TIME. OUR VISION IS TO BE LEADERS IN INNOVATION OF SUSTAINABLE REDEVELOPMENT. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS GAVE OVER 5000 HOURS. THEY WERE INVOLVED IN THE BUILDING PROJECTS. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 NANCY MURRAY DAVID WELSH CEO VICE PRES. SISTER AND BROTHER ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM WITH THE ASSISTANCE OF THE CFO. THE CFO REVIEWS/APPROVES THE FORM 990. THE CFO SENDS A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND FINAL APPROVAL. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE GOVERNING DOCUMENTS MAY BE OBTAINED BY CONTACTING THE ORGANIZATION AT THE FOLLOWING ADDRESS: BUILDERS OF HOPE, INC. 310 N. HARRINGTON STREET RALEIGH, NC 27603