BUILDERS OF HOPE INC

RALEIGH, NC | Wake County
Affordable Housing

Overview

BUILDERS OF HOPE INC
20-5724075
5171 GLENWOOD AVE STE 364
RALEIGH, NC 27612
Wake County
(919) 830-6666

Mission Statement info

OUR MISSION IS TO INCREASE THE AVAILABILITY OF HIGH-QUALITY, SAFE, AFFORDABLE AND WORKFORCE HOUSING OPTIONS. THROUGH INNOVATIVE REUSE AND REHABILITATION WE INCORPORATE ECONOMIC BENEFITS, ENVIRONMENTAL STEWARDSHIP AND SOCIAL SOLUTIONS. AS SOCIAL ENTREPRENEURS, BUILDERS OF HOPE SUSTAINABLY REVITALIZES AT-RISK COMMUNITIES-ONE HOME, ONE FAMILY, ONE LIFE AT A TIME. OUR VISION IS TO BE LEADERS IN INNOVATION OF SUSTAINABLE REDEVELOPMENT.

Founded info
2006
Total Employees info
17
Total Volunteers info
0
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$0
Revenue
$0
Assets
$0
Exempt Ruling Date info
2007-06
Deductibility Status info
Deductible
Tax Filing Year info
Not Applicable
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
5171 GLENWOOD AVE STE 364
RALEIGH, NC 27612
Wake County
FIPS Geocoded Address info
39580
MSA/CBSA info
37
State info
183
County info
0525.07
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Raleigh-Cary, NC
Combined Statistical Area info
Raleigh-Durham-Cary, NC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 35.11%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0525.07 Wake County
Population
Total Population 3,139 1,069,079
Total Households 1,327 400,172
Income
Median Family Income (Census*) $68,086 $80,591
Median Family Income (2019 FFIEC) $93,100 N/A
Tract Income Percentage 87.22% N/A
Below Poverty Level 14.5% 9.1%
Unemployment Level 9.6% 4%
Housing
Total Housing Units 1,480 431,552
Total Owner-Occupied Units 50.8% 63.9%
Total Renter-Occupied Units 38.9% 36.1%
Total Vacant Units 10.3% 6.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body
info
4
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Michael Nader
CFO
(919) 830-6666
Principal Officer info
Nancy Welsh
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.