Building Hope Real Estate
Building Hope Real Estate maintains substantial assets despite fluctuating revenues and no reported officer compensation.
EIN: 203209538 · Washington, DC · NTEE: B19 · Updated: 2026-03-28
Is Building Hope Real Estate Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Hope Real Estate directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building Hope Real Estate
Building Hope Real Estate (EIN: 203209538) is a nonprofit organization based in Washington, DC, classified under NTEE code B19. The organization reported total revenue of $8.6M and total assets of $102.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Hope Real Estate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Hope Real Estate is a mid-size nonprofit that has been operating for 3 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-3,405,458 |
| Total Assets | $145.6M |
| Total Liabilities | $133.1M |
| Net Assets | $12.5M |
| Operating Margin | -49.5% |
| Debt-to-Asset Ratio | 91.4% |
| Months of Reserves | 169.9 months |
Financial Health Grade: C
In 2023, Building Hope Real Estate reported a deficit of $3.4M with expenses exceeding revenue, holds 169.9 months of operating reserves (strong position), has a debt-to-asset ratio of 91.4% (high leverage).
Financial Trends
Over 11 years of filings (2010–2023), Building Hope Real Estate's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.6% | +12.3% | +18.6% |
| 2022 | -17.1% | +3.1% | +16.3% |
| 2021 | -0.7% | -12.0% | +20.2% |
| 2020 | +23.2% | +3.0% | -10.8% |
| 2019 | +1490.7% | +17992.9% | +929.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Building Hope Real Estate with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Building Hope Real Estate allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 91.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $6 million and assets over $100 million. This suggests either a volunteer leadership model or that executive compensation is categorized differently, which could impact the true administrative spending picture.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Building Hope Real Estate's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which is unusual and warrants further scrutiny into how leadership is compensated or if it's entirely volunteer-run.
- Expenses exceeding revenue in recent years (e.g., 2023: $10.2M expenses vs $6.8M revenue), indicating reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Building Hope Real Estate:
- Strong asset base, consistently exceeding $100 million in recent years, indicating financial stability.
- Significant growth in assets over the past decade, from $7.9 million in 2014 to $145.5 million in 2023.
- Positive net assets (Assets minus Liabilities) consistently maintained, demonstrating solvency.
- No reported officer compensation, potentially indicating highly efficient use of funds or a strong volunteer leadership model.
Frequently Asked Questions about Building Hope Real Estate
Is Building Hope Real Estate a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Hope Real Estate (EIN: 203209538) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Building Hope Real Estate spend its money?
Building Hope Real Estate directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Building Hope Real Estate tax-deductible?
Building Hope Real Estate is registered as a tax-exempt nonprofit (EIN: 203209538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Building Hope Real Estate cover expenses when they exceed revenue, such as in 2023 ($10.2M expenses vs $6.8M revenue)?
The organization likely utilizes accumulated net assets from prior profitable years or draws from other non-revenue funding sources to cover operational deficits.
What is the detailed breakdown of program, administrative, and fundraising expenses?
This information is not available in the provided summary data. A full IRS Form 990 would be needed to determine these specific percentages.
Who are the officers and how are they compensated, given the 0% officer compensation reported?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or their compensation is reported under different expense categories, which would require further investigation of the full 990 forms.
Filing History
IRS 990 filing history for Building Hope Real Estate showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Building Hope Real Estate's revenue has grown by 583.2%, moving from $1.0M to $6.9M. Total assets increased by 996.7% over the same period, from $13.3M to $145.6M. Total functional expenses rose by 1171.8%, from $809K to $10.3M. In its most recent filing year (2023), Building Hope Real Estate reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $133.1M in liabilities against $145.6M in assets (debt-to-asset ratio: 91.4%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $10.3M | $145.6M | $133.1M | — | — |
| 2022 | $9.2M | $9.2M | $122.7M | $110.4M | — | View 990 |
| 2021 | $11.1M | $8.9M | $105.6M | $93.3M | — | View 990 |
| 2020 | $11.2M | $10.1M | $87.8M | $84.0M | — | View 990 |
| 2019 | $9.1M | $9.8M | $98.4M | $96.0M | — | — |
| 2015 | $573K | $54K | $9.6M | $9.0M | — | View 990 |
| 2014 | $2 | $40 | $8K | $1 | — | View 990 |
| 2013 | $2 | $35 | $8K | $0 | — | View 990 |
| 2012 | $6 | $251 | $8K | $0 | — | View 990 |
| 2011 | $-583,836 | $161K | $8K | $0 | — | View 990 |
| 2010 | $1.0M | $809K | $13.3M | $12.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $10.3M, and assets of $145.6M (revenue -25.6% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.2M, and assets of $122.7M (revenue -17.1% year-over-year).
- 2021: Revenue of $11.1M, expenses of $8.9M, and assets of $105.6M (revenue -0.7% year-over-year).
- 2020: Revenue of $11.2M, expenses of $10.1M, and assets of $87.8M (revenue +23.2% year-over-year).
- 2019: Revenue of $9.1M, expenses of $9.8M, and assets of $98.4M (revenue +1490.7% year-over-year).
- 2015: Revenue of $573K, expenses of $54K, and assets of $9.6M (revenue +28647500.0% year-over-year).
- 2014: Revenue of $2, expenses of $40, and assets of $8K (revenue +0.0% year-over-year).
- 2013: Revenue of $2, expenses of $35, and assets of $8K (revenue -66.7% year-over-year).
- 2012: Revenue of $6, expenses of $251, and assets of $8K.
- 2011: Revenue of $-583,836, expenses of $161K, and assets of $8K (revenue -158.0% year-over-year).
- 2010: Revenue of $1.0M, expenses of $809K, and assets of $13.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Hope Real Estate:
Data Sources and Methodology
This transparency report for Building Hope Real Estate is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.