2024-11-14T21:59:24-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990PF 2023-01-01 200367954 Building Hope Finance % TIM MERRITT VP OF FINANCE BUIL 2024571995 1776 Eye St NW Suite 200 Washington DC 20006 LANCE HELMING CFO 2024571995 2024-11-14 true true JACOB COOK P01240455 7038930600 2024-11-14 2023 2024-10-15 13:58:12Z X 157125383 X 0 X 39416508 4091010 5192150 39416508 4091010 5192150 705885 142531 142531 563354 1203558 58373 58373 1145185 106338 11189 11189 95149 645 0 0 645 24540 12270 12270 12270 156956 0 0 156956 5633621 5633621 5633621 75758 0 0 75758 27013 6753 27013 34568 8642 8642 25926 195894 195894 5416 270 270 5146 -329289 3713 3713 138197 7840903 5877362 5897622 2414480 0 0 7840903 5877362 5897622 2414480 31575605 0 38304165 36858250 36858250 2945661 2559580 2559580 19563042 18950160 19563042 19563042 55494364 513158 52265964 54981206 54981206 0 15000 15000 5949630 40386227 40386227 21310 11045 6339 10265 10265 5175149 2751813 2751813 123597068 157125383 157125383 322097 401699 52099565 50534816 19392794 22830651 71814456 73767166 X 39420424 39152635 12362188 44205582 51782612 83358217 123597068 157125383 51782612 31575605 83358217 83358217 0 0 0 17766 0 17766 17766 17766 false false false true false false false true true DC false true false false false true WWW.BUILDINGHOPE.ORG TIM MERRITT VP OF FINANCE 2024571995 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 false false false false true false false false false false false false false false false false false false false false false false ROBIN ODLAND 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 PRESIDENT 47.0 332412 116344 0 TIM MERRITT 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 VP OF FINANACE 45.0 226714 11336 0 MICHAEL D'ALESSANDRO 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 SECRETARY 2.0 8264 2892 0 WILLIAM Hansen 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 CHAIR 11.0 113066 5653 0 DRU DAMICO 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 DIRECTOR 1.0 0 0 0 RICHARD MORENO 1776 EYE ST NW SUITE 200 WASHINGTON DC 20006 DIRECTOR 1.0 11465 6306 0 LANCE HELMING 1776 Eye St NW Washington DC 20006 Treasurer 2.0 13964 2095 0 S JOSEPH BRUNO 1776 EYE ST NW WASHINGTON DC 20006 PRESIDENT 40.0 158257 7913 0 CECILIA WALKER 1776 EYE ST NW WASHINGTON DC 20006 CHIEF CREDIT OFFICER 40.0 136997 27399 0 ESTHER OWUSU 1776 EYE ST NW WASHINGTON DC 20006 ACCOUNTANT 40.0 52608 2630 0 CORDIA RESOURCES 8330 BOONE BLVD SUITE 350 VIENNA VA 22182 STAFFING 147190 BDO USA 330 N Wabash Ave STE 3200 CHICAGO IL 60611 TAX AND AUDIT 91163 BRADFORD P KARRER 1353 Otis Place NW WASHINGTON DC 20010 REALTY SERVICES 84742 LEDA DILEONARDO 1776 EYE ST NW WASHINGTON DC 20006 LOAN COMPLIANCE 59200 SEE PART VI-A, LINE 2 EXPLANATION. 7840903 ELEVATE ACADEMY EAST IDAHO, LLC 4300000 BLUEBIRD 3600000 4863941 12763941 0 68189337 0 68189337 0 68189337 1022840 67166497 3358325 X 2414480 12763941 6464 0 0 15184885 X 0 2405674 1340442 500434 4246550 0 2044823 1139376 425369 3609568 15184885 16659696 16991904 1928484 50764969 15184885 16659696 16991904 1928484 50764969 156646428 123144406 124025462 134639057 538455353 119788178 84840241 117532625 115327347 437488391 0 0 0 0 NA NA X IMPUTED INTEREST-BELOW MARKET NOTES REC. 1101140 PROFESSIONAL SERVICES INCOME 1056445 GUARANTY FEES 165450 14 ALLOCATED INCOME 01 33002463 PRI INTEREST RELATED INCOME 01 4091010 37093473 2323035 39416508 1 IMPUTED INTEREST (NON-CASH) ON OUR NOTES RECEIVABLE (LOANS TO PUBLIC CHARTER SCHOOLS) TO RECORD THE DIFFERENCE BETWEEN THE PREVAILING MARKET INTEREST RATE AND THE BELOW MARKET INTEREST RATE CHARGED ON OUR LOANS. FEES EARNED FROM OUR PROJECT MANAGEMENT SERVICES TO PUBLIC CHARTER SCHOOLS FOR THE IDENTIFICATION, SELECTION, AND DEVELOPMENT OF SCHOOL FACILITIES. 2 FEES EARNED FROM SERVICING LOANS MADE TO CHARTER SCHOOLS. 3 FEES EARNED FROM OUR CREDIT ENHANCEMENT PROGRAM THAT SUPPORT LOANS MADE TO PUBLIC CHARTER SCHOOLS BY FINANCIAL INSTITUTIONS FOR THE ACQUISITION, CONSTRUCTION, AND RENOVATIONS OF FACILITIES. false false false false false false false false false false ACCOUNTING & TAX PREP FEES 24540 12270 12270 12270 Building Hope supported the development and successful operation of schools and other educational organizations across the nation, including charter and other grade schools, 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 organization through the management and deployment of grant programs, program-related investments from philanthropic organizations, and other funders, including state and federal programs; (c) helping school and other educational organizations with site selection, building design, lease/purchase negotiations, financial consultation, construction management, back-office accounting, payroll and human resource support, and other operational services to help them develop, build, operate, and maintain their school facilities; (d) conducting programs and performing outreach to improve academic achievement, stimulate economic development, and improve access to higher education for students at the schools; and (e) 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, lessen the burdens of government, relieve poverty, eliminate prejudice, reduce neighborhood tension, and combat community deterioration. GMCK12, LLC 1650000 IDAHO NOVUS CLASSICAL ACADEMY, LLC 1000535 PARRISH CHARTER ACADEMY, INC. 563406 DORAL ACADEMY OF TEXAS 500000 VALOR PUBLIC SCHOOLS 500000 CLEAR CHOICE ACADEMIES, INC. 400000 THE CHARTER SCHOOLS OF EXCELLENCE, INC. 250000 THE STATE DOES NOT ACCEPT A COPY OF THE FILING. Part II, Line 14: Part II, Line 14: FURNITURE AND FIXTURES $21,310 LEASEHOLD IMPROVEMENTS 0 ----------- EQUALS: TOTAL FIXED ASSETS 42,019 LESS: ACCUMULATED DEPRECIATION (11,045) ----------- EQUALS: NET PROPERTY AND EQUIPMENT $10,265 CURRENT YEAR DEPRECIATION EXPENSE: $27,013 INVESTMENTS FMV 40386227 40386227 LEGAL FEES 645 0 0 645 OPPORTUNITY FINANCE NETWORK BGP 3700000 3627755 2022-04 2046-12 MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/17/2046 3.592 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS OPPORTUNITY FINANCE NETWORK 1000000 0 2018-01 2023-03 QTRLY INTEREST PAYMENTS, PRINCIPAL DUE 03/31/2023 4.5 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS USDA 2266036 2037659 2016-12 2056-12 MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/28/2056 2.38 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS OPPORTUNITY FINANCE NETWORK BGP 9181817 11269402 2018-08 2043-12 MONTHLY INT PAYMENTS, PRINCIPAL DUE 12/15/2043 3.468 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS ALBERTSON FAMILY FOUNDATION 33600000 33600000 2016-12 2024-12 INTEREST FREE, PRINCIPAL DUE IN ONE LUMP SUM 0. NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS EB-5 DEVELOPMENT FUND 26000000 0 2020-03 2023-03 MONTHLY INT PAYMENTS, PRINCIPAL DUE 03/10/2023 4.5 NONE TO SUPPORT DEVELOPMENT OF CHARTER SCHOOLS IMPUTED INTEREST DISCOUNT 4007450 1592150 1592150 SECURITY DEPOSITS 508637 508637 508637 DEFERRED FINANCING COSTS 169062 161026 161026 OTHER ASSETS 490000 490000 490000 TELEPHONE & TELECOMMUNICATIONS 35484 3066 3066 32418 ALLOCATED EXPENSES 35160 0 0 0 MEALS & ENTERTAINMENT 21409 0 0 21409 BANK SERVICE FEES 19170 0 0 19170 SUPPLIES 17428 323 323 17105 INSURANCE 15319 0 0 15319 ACCOUNTING SOFTWARE EXPENSE 11369 0 0 11369 MEMBERSHIPS 11799 0 0 11799 POSTAGE, SHIPPING, DELIVERY 3287 164 164 3123 OTHER INDIRECT EXPENSES 3205 160 160 3045 MISCELLANEOUS EXPENSE 3440 0 0 3440 BAD DEBT EXPENSES -506359 0 0 0 Allocated Income 33002463 0 0 PRI INTEREST RELATED INCOME 4091010 4091010 4091010 IMPUTED INTEREST-BELOW MARKET NOTES REC. 1101140 0 1101140 Professional Services Income 1056445 0 0 GUARANTY/Origination FEES 165450 0 0 AGENCY PASS THROUGH FUNDS 19356191 22881871 DUE TO AFFILIATES 36603 -51220 ATTACHMENT 8A 55494364 0 OTHER PROFESSIONAL FEES 129792 0 0 129792 INFORMATION TECHNOLOGY 20253 0 0 20253 PAYROLL SERVICE FEES 6911 0 0 6911 PAYROLL TAXES 75676 0 0 75676 TAX EXPENSE 82 0 0 82