BUILDING HOPE FINANCE

WASHINGTON, DC | District of Columbia
Community Services
BUILDING HOPE FINANCE
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

BUILDING HOPE FINANCE
20-0367954
1776 EYE ST NW SUITE 200
WASHINGTON, DC 20006
District of Columbia

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
B12

B - Educational Institutions

Fund Raising and Fund Distribution

Organizations that raise and distribute funds for multiple organizations within the Education major group area.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813219
Other Grantmaking and Giving Services

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2016 $1,750,000 CDFI Financial Assistance open_in_new Building Hope Finance
2017 $596,500 CDFI Financial Assistance open_in_new Building Hope Finance
2013 $99,900 CDFI Technical Assistance open_in_new Building Hope Finance

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$8.2M
Revenue
-
Assets
$123.6M

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2004-05
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Not required to file (all other)
Foundation Tax Filing Status info
990-PF required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Private non-operating foundation

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
30% (generally)
Organization Description info
A private foundation

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990-PF
XML
990-PF
Tax period ending in
2020-12
PDF
990-PF
E-File
990-PF
XML
990-PF
Tax period ending in
2018-12
PDF
990-PF
PDF
990-T
PDF
990-T

Nonprofit Location

Physical Address info
1776 EYE ST NW SUITE 200
WASHINGTON, DC 20006
District of Columbia
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
47764
MSA/MD info
11
State info
001
County info
0107.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
47900 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Combined Statistical Area info
548 - Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Metropolitan Division info
47764 - Washington, DC-MD
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 39.72%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0107.00 District of Columbia
Population
Total Population 2,296 670,587
Total Households 1,205 315,785
Income
Median Income* $89,152 $101,722
Median Family Income (2024 FFIEC est.) $128,300 $128,300
Tract Income Percentage 83.46% N/A
Below Poverty Level 13.7% 15.1%
Unemployment Level 4.3% 7.1%
Housing
Total Housing Units 1,364 350,372
Total Owner-Occupied Units 27.9% 41.4%
Total Renter-Occupied Units 60.4% 58.6%
Total Vacant Units 11.7% 8.8%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body info
Not reported
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Not reported by nonprofit.
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.

PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.

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 help.findcra.com.