Nonprofit · EIN 01-0951147
BUILDERS DEVELOPMENT CORPORATION
Tax-exempt · LEES SUMMIT, MO 64064
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$89,216 | $515,206 | -$604,422 | $3,845,453 | $1,674,641 | $2,170,812 |
| December 31, 2023 | 990 | $925,966 | $476,067 | $449,899 | $4,885,164 | $2,221,921 | $2,663,243 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $41,918
- of which government grants
- $41,918
- Program service revenue
- $100,781
- Investment income
- -$437,476
- Net rental income
- $205,561
- Net gain from sales of assets
- -$437,686
- Other revenue
- $205,561
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,105
- Salaries, compensation and benefits (total)
- $6,105
- Professional fundraising fees
- $0
- Legal fees
- $28,443
- Occupancy
- $3,293
- Travel
- $493
- Depreciation
- $101,311
- Program services (functional)
- $489,414
- Management and general (functional)
- $25,792
Balance sheet and other
- Total assets, start of year
- $4,885,164
- Total assets, end of year
- $3,845,453
- Total liabilities, end of year
- $1,674,641
- Net assets, end of year
- $2,170,812
- Land, buildings and equipment
- $2,085,791
- Net assets without donor restrictions
- $2,170,812
- Gross receipts
- $359,379
- Employees
- 1
- Volunteers
- 4
- Year formed
- 2005
- State of legal domicile
- MO
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 |
|---|---|---|---|
| CHELE THORNTON | EXECUTIVE DIRECTOR Officer | 2 | $6,105 |
| STEVE LECLERE | BOARD MEMBER Trustee or director | 0 | $0 |
| ERIC MCMAHON | BOARD MEMBER Trustee or director | 0 | $0 |
| MATT WATKINS | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHELE THORNTON | EXECUTIVE DIRECTOR Officer | 2 | $62,735 |
| TOM WOODS | BOARD CHAIR (THRU 6/14/23) Trustee or director, Officer | 0 | $0 |
| BOB FROST | BOARD VICE PRESIDENT (THRU 6/14/23) Trustee or director, Officer | 0 | $0 |
| MARK HOFFMAN | SECRETARY-TREASURER (THRU 6/14/23) Trustee or director, Officer | 0 | $0 |
| MIGUEL CERVANTES | BOARD MEMBER (THRU 6/14/23) Trustee or director | 0 | $0 |
| STEVE LECLERE | BOARD MEMBER (EFF 6/14/23) Trustee or director | 0 | $0 |
| ERIC MCMAHON | BOARD MEMBER (EFF 6/14/23) Trustee or director | 0 | $0 |
| MATT WATKINS | BOARD MEMBER (EFF 6/14/23) Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7037, LEES SUMMIT, MO 64064-7037
- Principal officer (990 for 2024)
- CHELE THORNTON, PO BOX 7037, LEES SUMMIT, MO 64064
- Signed the 990
- CHELE THORNTON, EXECUTIVE DIRECTOR
- Phone
- (816) 772-5787
- Return prepared by
- EAG AFFORDABLE HOUSING LLC
Mission
TO INCREASE THE PRODUCTION OF AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA AND SURROUNDING COMMUNITIES BY APPLYING INNOVATIVE, ENERGY-EFFICIENT, AND ENTREPRENEURIAL BUSINESS PRINCIPLES AS WELL AS TO WORK COLLABORATIVELY WITH LOCAL CITIES AND THEIR NEIGHBORHOODS, FOR-PROFIT BUILDERS, FOUNDATIONS, AND CORPORATIONS TO LIFT UP LOW-INCOME FAMILIES WHICH ULTIMATELY BENEFITS ALL IN THE GREATER KANSAS CITY AREA AND SURROUNDING COMMUNITIES.
Program accomplishments
- TO INCREASE THE PRODUCTION OF AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA AND SURROUNDING COMMUNITIES BY APPLYING INNOVATIVE, ENERGY-EFFICIENT, AND ENTREPRENEURIAL BUSINESS PRINCIPLES AS WELL AS TO WORK COLLABORATIVELY WITH LOCAL CITIES AND THEIR NEIGHBORHOODS, FOR-PROFIT BUILDERS, FOUNDATIONS, AND CORPORATIONS TO LIFT UP LOW-INCOME FAMILIES WHICH ULTIMATELY BENEFITS ALL IN THE GREATER KANSAS CITY AREA AND SURROUNDING COMMUNITIES.Expenses $489,414 · revenue $296,342
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
- 01-0951147
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $3,845,453
- Income (IRS master file)
- $359,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$89,216 | $515,206 | $3,845,453 | XML |
| 990 | December 2023 | $925,966 | $476,067 | $4,885,164 | XML |
| 990 | December 2022 | $290,156 | $520,434 | $4,531,219 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 01-0951147).
Questions about BUILDERS DEVELOPMENT CORPORATION
- What is the EIN of BUILDERS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BUILDERS DEVELOPMENT CORPORATION is 01-0951147.
- Is BUILDERS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to BUILDERS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILDERS DEVELOPMENT CORPORATION 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 BUILDERS DEVELOPMENT CORPORATION 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 BUILDERS DEVELOPMENT CORPORATION 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 BUILDERS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names CHELE THORNTON.
- Who are the officers and directors of BUILDERS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $6,105 (CHELE THORNTON, EXECUTIVE DIRECTOR).
- How much revenue does BUILDERS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$89,216, expenses of $515,206 and total assets of $3,845,453 at year end.
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All nonprofits in LEES SUMMIT · Missouri · Housing and shelter