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Nonprofiteer
← BUILDING HOPE IMPACT FUND INC

Form 990 for tax year 2024

Filed by BUILDING HOPE IMPACT FUND INC.

Totals

Total revenue
$293,477
Total expenses
$989,685
Contributions and grants received
$270,136
Grants paid
$170,000
Program service revenue
$23,341
Investment income
$0
Other revenue
$0
Total assets, end of year
$107,485
Total liabilities, end of year
$1,241,606
Net assets or fund balances, end of year
-$1,134,121
Program services expenses (Part IX)
$984,242
Management and general expenses
$5,443
Fundraising expenses
$0
Program service expenses (Part III)
$984,242

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM HANSEN

    CHAIR/INTERIM CORP SECRETARY

    Total calculated
    $668,649
    From this org
    $0
    From related orgs
    $640,150
    Other
    $28,499
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,150 related
    Bonus
    $0 + $160,000 related
    Other
    $0
    Deferred
    $0 + $28,499 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $668,649 related

  • DRU DAMICO

    DIRECTOR

    Total calculated
    $705,893
    From this org
    $0
    From related orgs
    $683,731
    Other
    $22,162
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,731 related
    Bonus
    $0 + $315,000 related
    Other
    $0
    Deferred
    $0 + $22,162 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $705,893 related

  • RICHARD MORENO

    DIRECTOR

    Total calculated
    $763,870
    From this org
    $0
    From related orgs
    $740,534
    Other
    $23,336
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,533 related
    Bonus
    $0 + $350,001 related
    Other
    $0
    Deferred
    $0 + $23,336 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $763,870 related

  • ROBIN ODLAND

    DIRECTOR

    Total calculated
    $480,758
    From this org
    $0
    From related orgs
    $480,758
    Other
    $0
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,758 related
    Bonus
    $0 + $195,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $480,758 related

  • LANCE HELMING

    PRESIDENT/TREASURER

    Total calculated
    $358,738
    From this org
    $0
    From related orgs
    $335,738
    Other
    $23,000
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,738 related
    Bonus
    $0 + $80,000 related
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $358,738 related

  • MICHAEL D'ALESSANDRO

    SECRETARY (THRU 08/2024)

    Total calculated
    $229,536
    From this org
    $0
    From related orgs
    $221,034
    Other
    $8,502
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,581 related
    Bonus
    $0 + $6,453 related
    Other
    $0
    Deferred
    $0 + $8,502 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $229,536 related

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
BUILDING HOPE HOLDINGS INC., DETERMINES COMPENSATION FOR TOP MANAGEMENT OFFICIAL'S OF A RELATED ORGANIZATION, BUILDING HOPE IMPACT FUND, INC.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FM 973 BUILDING HOPE LLC

    REAL ESTATE · TX · 0% owned · share of income $0 · share of assets $0

    Directly controlled by BUILDING HOPE REAL ESTATE

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202543199349300449

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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