Nonprofit · EIN 87-0950609
BUILDING NEW FOUNDATIONS INC
Tax-exempt · THE VILLAGES, FL 32162
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,037,750 | $497,480 | $1,540,270 | $3,734,794 | $22,280 | $3,712,514 |
| December 31, 2023 | 990 | $852,867 | $260,602 | $592,265 | $2,191,494 | $19,250 | $2,172,244 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,717,359
- Program service revenue
- $290,547
- Investment income
- $29,844
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $181,759
- Salaries, compensation and benefits (total)
- $181,759
- Professional fundraising fees
- $0
- Legal fees
- $2,883
- Accounting fees
- $20,835
- Occupancy
- $109,369
- Travel
- $211
- Depreciation
- $52,076
- Program services (functional)
- $472,890
- Management and general (functional)
- $24,590
Balance sheet and other
- Total assets, start of year
- $2,191,494
- Total assets, end of year
- $3,734,794
- Total liabilities, end of year
- $22,280
- Net assets, end of year
- $3,712,514
- Land, buildings and equipment
- $2,834,484
- Net assets without donor restrictions
- $3,712,514
- Gross receipts
- $2,037,750
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- FL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY TREVOR | CEO Trustee or director | 40 | $181,759 |
| EVGENII BADMAEV | DIRECTOR Trustee or director | – | $0 |
| JAMES RENO | DIRECTOR Trustee or director | – | $0 |
| ROMAN SUKSUKOV | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY TREVOR | DIRECTOR Trustee or director | 40 | $121,309 |
Address and contacts
- Address (IRS master file)
- 603 DENMARK PL, THE VILLAGES, FL 32162-6004
- Principal officer (990 for 2024)
- JAY TREVOR, 603 DENMARK PLACE, THE VILLAGES, FL 32162
- Signed the 990
- JAY TREVOR, CEO
- Phone
- (913) 909-3490
- Return prepared by
- ALEXANDER NAROD CPA PC
Mission
BUILDING NEW FOUNDATIONS INC PROVIDES AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY AND DISABLED RESIDENTS INCORPORATED IN APRIL 2021
Program accomplishments
- AFFORDABLE HOUSING PROJECTSExpenses $472,890 · revenue $290,547
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0950609
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $3,734,794
- Income (IRS master file)
- $2,037,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,037,750 | $497,480 | $3,734,794 | XML |
| 990 | December 2023 | $852,867 | $260,602 | $2,191,494 | XML |
| 990 | December 2022 | $962,676 | $69,295 | $1,573,291 | IRS |
| 990 | December 2021 | – | – | – | 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 87-0950609).
Questions about BUILDING NEW FOUNDATIONS INC
- What is the EIN of BUILDING NEW FOUNDATIONS INC?
- The employer identification number (EIN) of BUILDING NEW FOUNDATIONS INC is 87-0950609.
- Is BUILDING NEW FOUNDATIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BUILDING NEW FOUNDATIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILDING NEW FOUNDATIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUILDING NEW FOUNDATIONS INC 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 NEW FOUNDATIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUILDING NEW FOUNDATIONS INC?
- The 990 for the year ended December 31, 2024 names JAY TREVOR.
- Who are the officers and directors of BUILDING NEW FOUNDATIONS INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $181,759 (JAY TREVOR, CEO).
- How much revenue does BUILDING NEW FOUNDATIONS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,037,750, expenses of $497,480 and total assets of $3,734,794 at year end.
Other nonprofits in THE VILLAGES
- HABITAT FOR HUMANITY INTERNATIONAL INC EIN 59-2958036 · last filed 990 for 2025
- PROPERTY OWNERS ASSOCIATION OF THE VILLAGES INC EIN 59-1860432 · last filed 990 for 2025
- JOSHUAS FOLLOWERS OF THE WAY INC EIN 81-3666673 · last filed 990-N for 2025
- CIA MINISTRY INC EIN 46-4778218 · last filed 990-N for 2025
- VILLAGES TRI-COUNTY MEDICAL CENTER INC EIN 59-3527036 · last filed 990 for 2025
- VILLAGES EARLY CHILDHOOD CENTER INC EIN 92-3205371 · last filed 990 for 2025
- SIGNIFICANT PRODUCTIONS INC EIN 88-4240707 · last filed 990 for 2024
- CENTRAL FLORIDA RISING STARS INC EIN 88-3979663 · last filed 990 for 2024
All nonprofits in THE VILLAGES · Florida · Housing and shelter