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Nonprofiteer
← BUILD GALVESTON

Form 990 for tax year 2022

Filed by BUILD GALVESTON.

Totals

Total revenue
$445,000
Total expenses
$108,194
Contributions and grants received
$445,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$445,000
Total liabilities, end of year
$58,194
Net assets or fund balances, end of year
$386,806
Program services expenses (Part IX)
$108,194
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$108,194

Program services were 100.0% 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

    $445,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $48,541 · program services $48,541

  • 9 · Other employee benefits

    total $4,110 · program services $4,110

  • 10 · Payroll taxes

    total $3,540 · program services $3,540

  • 11g · Fees: other

    total $5,000 · program services $5,000

  • 13 · Office expenses

    total $534 · program services $534

  • 16 · Occupancy

    total $2,899 · program services $2,899

  • 17 · Travel

    total $1,806 · program services $1,806

  • 19 · Conferences, conventions and meetings

    total $2,695 · program services $2,695

  • 24a · Other expenses: Consulting fees

    total $39,069 · program services $39,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $445,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $58,194

  • 28 · Net assets with donor restrictions

    end of year $386,806

Mission and programs · 2022

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 $108,194

As filed on the 2022 return.

Listed in Part VII

  • Marshall Tyndall

    President

    Total calculated
    $0
    Hours/week
    5
  • Cate Black

    Vice President

    Total calculated
    $0
    Hours/week
    4
  • Ingrid Gonzalez

    Secretary

    Total calculated
    $0
    Hours/week
    4
  • Shirlyn Thomas

    Treasurer

    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

    Board member

    Total calculated
    $171,745
    From this org
    $0
    From related orgs
    $162,750
    Other
    $8,995
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,995 related
    Filer's total
    $0 + $171,745 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
  • Betty Massey

    Board member

    Total calculated
    $0
    Hours/week
    2 + 0.7 related
  • Bix Rathburn

    Board member

    Total calculated
    $0
    Hours/week
    2 + 0.7 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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349310113

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