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Nonprofiteer
← BUILD GALVESTON

Form 990 for tax year 2024

Filed by BUILD GALVESTON.

Totals

Total revenue
$230,106
Total expenses
$398,574
Contributions and grants received
$225,752
Grants paid
$111,583
Program service revenue
$0
Investment income
$4,354
Other revenue
$0
Total assets, end of year
$281,593
Total liabilities, end of year
$21,248
Net assets or fund balances, end of year
$260,345
Program services expenses (Part IX)
$248,461
Management and general expenses
$143,418
Fundraising expenses
$6,695
Program service expenses (Part III)
$248,461

Program services were 62.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $225,752

  • 3 · Investment income

    total $4,354 · excluded $4,354

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,833 · program services $102,833

  • 2 · Grants to domestic individuals

    total $8,750 · program services $8,750

  • 5 · Compensation of officers, directors and key employees

    total $116,985 · program services $33,634 · management and general $77,745 · fundraising $5,606

  • 10 · Payroll taxes

    total $9,864 · program services $2,822 · management and general $6,577 · fundraising $465

  • 11b · Fees: legal

    total $11,847 · management and general $11,847

  • 11c · Fees: accounting

    total $13,256 · management and general $13,256

  • 11g · Fees: other

    total $2,221 · program services $636 · management and general $1,479 · fundraising $106

  • 12 · Advertising and promotion

    total $3,260 · management and general $3,260

  • 13 · Office expenses

    total $4,073 · program services $176 · management and general $3,867 · fundraising $30

  • 14 · Information technology

    total $696 · management and general $696

  • 16 · Occupancy

    total $10,355 · program services $2,962 · management and general $6,905 · fundraising $488

  • 19 · Conferences, conventions and meetings

    total $9,215 · management and general $9,215

  • 23 · Insurance

    total $1,175 · management and general $1,175

  • 24a · Other expenses: Consulting fees

    total $96,648 · program services $96,648

  • 24b · Other expenses: Dues and subscriptions

    total $7,396 · management and general $7,396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350,832 · end of year $44,957

  • 4 · Accounts receivable

    beginning of year $100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,600 · end of year $3,283

  • 11 · Investments: publicly traded securities

    beginning of year $100,498 · end of year $69,224

  • 15 · Other assets

    beginning of year $22,107 · end of year $164,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,628 · end of year $8,019

  • 25 · Other liabilities

    beginning of year $82,891 · end of year $13,229

  • 27 · Net assets without donor restrictions

    beginning of year $250,618 · end of year $110,345

  • 28 · Net assets with donor restrictions

    beginning of year $120,000 · end of year $150,000

Mission and programs · 2024

Mission

Build Galveston is a nonprofit community development corporation focused on developing attainable workforce housing for Galveston's first responders, teachers, healthcare and hospitality workers.

Activities or mission (Part I)

Build Galveston connects, leverages, and utilizes resources to strengthen the local community.

  • Build Galveston (BG) is Galveston island's singular nonprofit focused on workforce housing. BG is committed to the island becoming a more diverse and equitable community. Anyone who works in Galveston - first responders, teachers, healthcare workers, and young families - should be able to afford to live in homes in healthy neighborhoods on the island. To make this happen, Build Galveston is acting to connect, leverage, and utilize resources to strengthen our community's social, physical, and economic environment.

    Expenses $248,461 · Grants $111,583

As filed on the 2024 return.

Listed in Part VII

  • Cate Black

    President

    Total calculated
    $0
    Hours/week
    4

  • Vincent Lorefice

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Ingrid Gonzalez

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Shirlyn Thomas

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Marshall Tyndall

    Past President

    Total calculated
    $0
    Hours/week
    4

  • Cornelia Banks

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Pierre Banks

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Chris Basilotto

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Christine Bryant

    Executive Director (as of 11/24)

    Total calculated
    $191,338
    From this org
    $0
    From related orgs
    $174,781
    Other
    $16,557
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,900 related
    Bonus
    $0 + $8,881 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,557 related
    Filer's total
    $0 + $191,338 related

  • Keath Jacoby

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Dwayne Jones

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Megan Jones

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Sharon Lewis

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Betty Massey

    Board member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brian Maxwell

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Paula Tobon

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Tyler Robert

    Executive Director (thru 11/24)

    Total calculated
    $119,389
    From this org
    $118,462
    From related orgs
    $0
    Other
    $927
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Galveston Essential Workforce Housing Fund I LLC

    Affordable housing · TX · income $0 · assets $0

    Directly controlled by Build Galveston

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349319080

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