Nonprofit · EIN 20-3209538
BUILDING HOPE REAL ESTATE
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,625,241 | $10,937,215 | -$2,311,974 | $102,281,930 | $100,044,835 | $2,237,095 |
| December 31, 2023 | 990-PF | $6,880,143 | $10,285,601 | -$3,405,458 | $145,589,475 | $133,072,904 | $12,516,571 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $282,821
- Other income
- $8,342,420
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,782,276
- Salaries, compensation and benefits (total)
- $1,958,494
- Excise tax on investment income
- $2,602
Balance sheet and other
- Total assets, start of year
- $145,589,475
- Total assets, end of year
- $102,281,930
- Total liabilities, end of year
- $100,044,835
- Net assets, end of year
- $2,237,095
- Fair market value of assets
- $102,281,930
- Qualifying distributions
- $37,369,501
- Net investment income
- $282,821
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DRU DAMICO 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT | 49 | $683,731 | $22,162 |
| JERRY ZAYETS 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | SVP RE DEVELOPMENT | 50 | $351,280 | $16,862 |
| WILLIAM HANSEN 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CHAIR/INTERIM CORP SECRETARY | 12 | $272,704 | $12,141 |
| BRADY HUTCHINS 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIR. OF CONSTR OPS. Highest-paid employee | 40 | $202,255 | $0 |
| ELIZABETH J BARLOW GUPTA 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIR. OF REAL ESTATE Highest-paid employee | 40 | $191,763 | $23,000 |
| JUSTIN C LITTLE 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIR. REAL ESTATE Highest-paid employee | 40 | $185,918 | $9,579 |
| ILIYA KRUTKO 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIR. IMPACT INVEST. Highest-paid employee | 40 | $180,057 | $923 |
| LANCE HELMING 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CFO/TREASURER | 20 | $153,264 | $10,500 |
| KYLE CULVERHOUSE 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | SVP CONSTRUCTION | 50 | $127,102 | $0 |
| TIM MERRITT 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | VP OF ACCOUNTING Highest-paid employee | 40 | $113,707 | – |
| MICHAEL D'ALESSANDRO 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | SECRETARY (THRU 08/2024) | 45 | $111,954 | $4,306 |
| RICHARD MORENO 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT | 2 | $15,773 | $497 |
| ROBIN ODLAND 1730 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DRU DAMICO 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | PRESIDENT | 50 | $503,145 | $22,162 |
| JERRY ZAYETS 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | VP RE DEVELOPMENT | 50 | $344,115 | $16,380 |
| LANCE HELMING 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | CFO/TREASURER | 44 | $282,231 | $19,917 |
| WILLIAM Hansen 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | CHAIR | 21 | $219,936 | $12,141 |
| S JOSEPH BRUNO 1776 Eye St NW, Washington, DC 20006 | CHAIR (THRU 06/2023) | 22 | $214,483 | $6,013 |
| BRADY HUTCHINS 1776 I STREET NW, WASHINGTON, DC 20006 | DIR OF CONSTR OPS Highest-paid employee | 40 | $202,369 | $0 |
| VANESSA ROWAN 1776 I STREET NW, WASHINGTON, DC 20006 | VP OF FINANCE Highest-paid employee | 40 | $191,812 | $11,270 |
| MICHAEL D'ALESSANDRO 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | SECRETARY | 45 | $186,386 | $10,622 |
| ELIZABETH J BARLOW GUPTA 1776 I STREET NW, WASHINGTON, DC 20006 | DIR. OF REAL ESTATE Highest-paid employee | 40 | $182,118 | $22,500 |
| ILIYA KRUTKO 1776 I STREET NW, WASHINGTON, DC 20006 | DIR, IMPACT INVEST. Highest-paid employee | 40 | $159,142 | $5,738 |
| JUSTIN LITTLE 1776 I STREET NW, WASHINGTON, DC 20006 | DIR, REAL ESTATE Highest-paid employee | 40 | $157,904 | $3,598 |
| RICHARD MORENO 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | DIRECTOR | 2 | $22,302 | $994 |
| ROBIN ODLAND 1776 Eye St NW Suite 200, WASHINGTON, DC 20006 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1730 PENNSYLVANIA AVE NW STE 250, WASHINGTON, DC 20006-4736
- In care of
- % LANCE HELMING CF0
- Signed the 990-PF
- LANCE HELMING, CFO
- Phone
- (202) 457-1999
- Website
- WWW.BUILDINGHOPE.ORG
- Return prepared by
- BDO USA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-3209538
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $102,281,930
- Income (IRS master file)
- $8,625,241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,625,241 | $10,937,215 | $102,281,930 | IRS |
| 990-PF | December 2023 | $6,880,143 | $10,285,601 | $145,589,475 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3209538).
Questions about BUILDING HOPE REAL ESTATE
- What is the EIN of BUILDING HOPE REAL ESTATE?
- The employer identification number (EIN) of BUILDING HOPE REAL ESTATE is 20-3209538.
- Is BUILDING HOPE REAL ESTATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BUILDING HOPE REAL ESTATE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does BUILDING HOPE REAL ESTATE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BUILDING HOPE REAL ESTATE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUILDING HOPE REAL ESTATE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BUILDING HOPE REAL ESTATE?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 12 received compensation from the organization, the highest $683,731 (DRU DAMICO, PRESIDENT).
- How much revenue does BUILDING HOPE REAL ESTATE have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,625,241, expenses of $10,937,215 and total assets of $102,281,930 at year end.
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