Build Hope INC

Tax-deductible

Los Angeles, CA501(c)(3)Human ServicesEIN 65-1169693Revenue $945K in FY2024

On file with the IRSbuildhopeinc.org2600 Wilshire Blvd 3rd Floor, 90057-3400 · Los Angeles, CATax-exempt since Oct 2003Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's mission is to improve the quality of life of the housing authority of the city of los angeles public housing residents.

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Run by 9 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $37K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $226K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$381K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$945K
+48% vs prior year
Spent
$945K
To programs
26%
Net assets
$241K
By yearFY2020–FY2024
Revenue
$945K
FY2024▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$664K
FY2021$279K
FY2022$262K
FY2023$641K
FY2024$945K
Expenses
$945K
FY2024▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$592K
FY2021$225K
FY2022$258K
FY2023$584K
FY2024$945K
Net assets
$241K
FY20240%
Tap a bar for its year
Net assets by fiscal year
FY2020$126K
FY2021$180K
FY2022$184K
FY2023$241K
FY2024$241K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $242K Management & general 74% · $703K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Build Hope INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves public housing residents' quality of life in Los Angeles.

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Provided by the organization

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1 program · $242K · in their own filed words · FY2024
01

Improve the quality of life for the residents of haclas public housing through events, education and scholarships.

$242Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$226K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$945K
Ln 12
Fees for servicesLn 2g$508K
Gifts and grantsLn 1h$436K
Money outPt IX
$945K
Ln 25
Programscol B$242K
Managementcol C$703K
Owns and owesPt X
$241K
net assets · Ln 32
Cash and savingsLn 1–2$442K
Total assetsLn 16$622K
LiabilitiesLn 26$381K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$436K
Government grantsLn 1e$323K
Fees for servicesLn 2g$508K
Total revenueLn 12$945K
Assets in detailPt X, end of year
CashLn 1$442K
Cash and savings togetherLn 1–2$442K
Total assetsLn 16$622K
LiabilitiesLn 26$381K
Net assetsLn 32$241K
OperationsPt I, VI
EmployeesI 56
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$749K$442K
Total assetsLn 16$770K$622K
LiabilitiesLn 26$529K$381K
Net assetsLn 32$241K$241K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$142K$142K
Other employee benefitsLn 9$25K$25K
Payroll taxesLn 10$11K$11K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$326K$326K
Office expensesLn 13$1K$1K
Information technologyLn 14$162K$162K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$242K$239K$2K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$945K$242K$703K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $945K$945K$0$241K 990 PDF
FY2023 $641K$584K$56K$241K 990 PDF
FY2022 $262K$258K$4K$184K 990 PDF
FY2021 $279K$225K$54K$180K 990 PDF
FY2020 $664K$592K$72K$126K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $944,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $355,161$436,449
I-9 Program service revenuePrior year $285,391$508,422
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $640,552$944,871
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,825$177,855
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $522,300$767,016
I-18 Total expensesPrior year $584,125$944,871
I-19 Revenue less expensesPrior year $56,427$0
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $944,871 across 5 lines filed
VIII-1e Government grants$322,537
VIII-1f All other contributions, gifts and grants$113,912
VIII-1h Total contributions, gifts and grants$436,449
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $508,422$508,422
VIII-12 Total revenueRelated to mission $508,422$944,871
Part IX · Statement of functional expenses $944,871 across 10 lines filed
IX-7 Other salaries and wagesManagement $142,411$142,411
IX-9 Other employee benefitsManagement $24,816$24,816
IX-10 Payroll taxesManagement $10,628$10,628
IX-11c Accounting feesManagement $26,965$26,965
IX-11g Other fees for servicesManagement $325,628$325,628
IX-13 Office expensesPrograms $1,020$1,020
IX-14 Information technologyManagement $161,555$161,555
IX-23 InsuranceManagement $8,602$8,602
IX-24 Other expenses (24a–d)Programs $239,255 · Management $2,273$241,528
IX-24e All other expensesPrograms $1,718$1,718
IX-25 Total functional expensesPrograms $241,993 · Management $702,878 · Fundraising $0$944,871
Part X · Balance sheet $621,754 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $748,867$441,587
X-3 Pledges and grants receivableStart of year $15,978$166,954
X-9 Prepaid expenses and deferred chargesStart of year $5,013$13,213
X-16 Total assetsStart of year $769,858$621,754
X-17 Accounts payable and accrued expensesStart of year $529,189$222,304
X-25 Other liabilities$158,781
X-26 Total liabilitiesStart of year $529,189$381,085
X-27 Net assets without donor restrictionsStart of year $49,561$45,578
X-28 Net assets with donor restrictionsStart of year $191,108$195,091
X-32 Total net assets or fund balancesStart of year $240,669$240,669
X-33 Total liabilities and net assetsStart of year $769,858$621,754
Part XI · Reconciliation of net assets $240,669 net assets at year end
XI-1 Total revenue$944,871
XI-2 Total expenses$944,871
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$240,669
XI-10 Net assets at end of year$240,669

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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