Nonprofit · EIN 88-2703870
BUILDING HOPE IMPACT FUND INC
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $293,477 | $989,685 | -$696,208 | $107,485 | $1,241,606 | -$1,134,121 |
| December 31, 2023 | 990 | $327,138 | $764,806 | -$437,668 | $184,832 | $622,722 | -$437,890 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $270,136
- Program service revenue
- $23,341
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $170,000
- Other salaries and wages
- $225,885
- Salaries, compensation and benefits (total)
- $271,062
- Professional fundraising fees
- $0
- Legal fees
- $308
- Accounting fees
- $5,135
- Travel
- $312,242
- Program services (functional)
- $984,242
- Management and general (functional)
- $5,443
Balance sheet and other
- Total assets, start of year
- $184,832
- Total assets, end of year
- $107,485
- Total liabilities, end of year
- $1,241,606
- Net assets, end of year
- -$1,134,121
- Net assets without donor restrictions
- -$1,134,121
- Gross receipts
- $293,477
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- DC
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD MORENO | DIRECTOR Trustee or director | 1 | $0 | $740,534 | $23,336 |
| DRU DAMICO | DIRECTOR Trustee or director | 1 | $0 | $683,731 | $22,162 |
| WILLIAM HANSEN | CHAIR/INTERIM CORP SECRETARY Trustee or director, Officer | 5 | $0 | $640,150 | $28,499 |
| ROBIN ODLAND | DIRECTOR Trustee or director | 1 | $0 | $480,758 | $0 |
| LANCE HELMING | PRESIDENT/TREASURER Officer | 1 | $0 | $335,738 | $23,000 |
| MICHAEL D'ALESSANDRO | SECRETARY (THRU 08/2024) Officer | 1 | $0 | $221,034 | $8,502 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD MORENO | DIRECTOR Trustee or director | 1 | $0 | $523,511 | $23,336 |
| DRU DAMICO | DIRECTOR Trustee or director | 1 | $0 | $503,145 | $22,162 |
| S JOSEPH BRUNO | DIRECTOR Trustee or director | 1 | $0 | $493,860 | $13,486 |
| ROBIN ODLAND | DIRECTOR Trustee or director | 1 | $0 | $354,381 | $0 |
| LANCE HELMING | TREASURER Officer | 1 | $0 | $318,833 | $22,500 |
| SHERILYN MOORE | PRESIDENT (THRU 05/23) Officer | 50 | $0 | $221,056 | $10,000 |
| MICHAEL D'ALESSANDRO | SECRETARY Officer | 1 | $0 | $210,558 | $12,000 |
Address and contacts
- Address (IRS master file)
- 1730 PENNSYLVANIA AVE NW STE 250, WASHINGTON, DC 20006-4736
- In care of
- % LANCE HELMING CFO
- Principal officer (990 for 2024)
- LANCE HELMING, 1730 PENNSYLVANIA AVE NW 250, WASHINGTON, DC 20006
- Signed the 990
- LANCE HELMING, CFO
- Phone
- (202) 457-1992
- Website
- WWW.BUILDINGHOPE.ORG
- 990-N for 2022 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Sherilyn Moore, 1776 Eye St NW STE 200, Washington DC 20006. Mailing address: 1776 Eye St NW STE 200, Washington DC 20006.
- Return prepared by
- BDO USA
Mission
SUPPORTING THE DEVELOPMENT AND SUCCESSFUL OPERATION OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS ACROSS THE NATION (CHARTER, PRIVATE AND OTHER GRADE SCHOOLS, MICROSCHOOLS, COLLEGES, AND UNIVERSITIES); INCLUDING TO CONNECT, COLLABORATE, AND CELEBRATE EDUCATION.
Program accomplishments
- 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.Expenses $984,242 · grants $170,000 · revenue $23,341
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
- 88-2703870
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $107,485
- Income (IRS master file)
- $293,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $293,477 | $989,685 | $107,485 | IRS |
| 990 | December 2023 | $327,138 | $764,806 | $184,832 | XML |
| 990-N for 2022 Officer: Sherilyn Moore Filed under this EIN, most likely by a chapter or affiliate | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-2703870).
Questions about BUILDING HOPE IMPACT FUND INC
- What is the EIN of BUILDING HOPE IMPACT FUND INC?
- The employer identification number (EIN) of BUILDING HOPE IMPACT FUND INC is 88-2703870.
- Is BUILDING HOPE IMPACT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BUILDING HOPE IMPACT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILDING HOPE IMPACT FUND 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 HOPE IMPACT FUND 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 HOPE IMPACT FUND 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 HOPE IMPACT FUND INC?
- The 990 for the year ended December 31, 2024 names LANCE HELMING.
- Who are the officers and directors of BUILDING HOPE IMPACT FUND INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BUILDING HOPE IMPACT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $293,477, expenses of $989,685 and total assets of $107,485 at year end.
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