Builders of Hope Inc

Builders of Hope Inc is a US nonprofit organization designated as a 501(c)(3), primarily focused on housing development, construction, and management. The organization operates under the National Taxonomy of Exempt Entities (NTEE) classification for Housing, Shelter.

Mission and Activities

Although specific details about the mission of Builders of Hope Inc are not readily available, its activities align with typical housing-focused nonprofits, which often aim to provide affordable housing options and support community development. Builders of Hope Inc likely engages in efforts to construct, manage, and possibly rehabilitate housing units to address local housing needs.

Financial Overview

According to its latest available tax filings (up to December 2014), Builders of Hope Inc reported substantial revenue primarily from program services, which constituted approximately 85.3% of its total revenue. Contributions accounted for 14.5%, with minimal income from other sources like rental properties or investments. The organization's total assets were valued at $12,720,362 during the same period, with total liabilities of $14,389,108.

Governance and Structure

While detailed information on the governance structure or leadership is not available for Builders of Hope Inc, nonprofits typically have a board of directors or similar oversight body responsible for strategic direction and oversight.

IRS Status

As of the latest available information, Builders of Hope Inc is not listed in the IRS's most recent list of tax-exempt organizations. However, donations to this organization were previously tax-deductible, which is typical for 501(c)(3) organizations.

Similar Organizations

Other organizations with similar names or purposes, like Builders of Hope CDC, focus on community improvement and development. These entities often work to address broader community needs beyond just housing.

Conclusion

Builders of Hope Inc operates in the realm of housing and shelter development within the United States. Its activities are centered around constructing and managing housing solutions, contributing to broader community development efforts. As with many nonprofits, it relies heavily on program services for revenue and aims to provide vital community resources.