Builders of Hope CDC and Its Subsidiary

EIN: 752756681 501(c)(3) Community Improvement

Dallas, TX

Total Revenue
$5,886,325
Total Expenses
$1,779,877
Total Assets
$7,578,529
Net Assets
$3,862,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
TX
Principal Officer
James Armstrong
Phone
2149209850
Tax Period
2023-01-01 to 2023-12-31

Builders of Hope CDC and Its Subsidiary is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 70% operating margin.

Mission

Construction of homes and provide financing for individuals who may not qualify for homes through traditional means.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,725,265
Program Service Revenue $186,477
Investment Income $56,711
Other Revenue $-82,128
TOTAL REVENUE $5,886,325

Expense Breakdown

Grants Paid $69,819
Salaries & Benefits $556,885
Fundraising Expenses $8,210
Program Expenses $863,917
Other Expenses $1,138,268
TOTAL EXPENSES $1,779,877

Year-over-Year Comparison

2023 2022 Change
Revenue $5,886,325 $2,039,260 +1.9%
Expenses $1,779,877 $988,348 +0.8%
Net Income $4,106,448 $1,050,912 +2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
N/A
Employees
8
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$156,407
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Armstrong President & CEO 40.00
Officer
$156,407 $0 $156,407
Chris Lewis Chief of Real Estate Development 40.00
$83,463 $0 $83,463
Stephen Ross N/A 40.00
$65,950 $0 $65,950
Bill Guthrey Secretary 1.00
Director
$0 $0 $0
Mallory Muse Director 1.00
Director
$0 $0 $0
Alta Mantsch Director 1.00
Director
$0 $0 $0
Billy White Sr Director 1.00
Director
$0 $0 $0
Debbie Solis Director 1.00
Director
$0 $0 $0
John Hawkins Director 1.00
Director
$0 $0 $0
Benjamin Vann Director 1.00
Director
$0 $0 $0
Anna Hill Director 1.00
Director
$0 $0 $0
John Jackson Director 1.00
Director
$0 $0 $0
Kristen McNeal Director 1.00
Director
$0 $0 $0
Lindsay Billingsley Director 1.00
Director
$0 $0 $0
Al Galpern Chairman 1.00
Director
$0 $0 $0
Stephanie Chamion Chief of Community Development & 40.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 No data No data No data No data
2023 $5,886,325 $1,779,877 $7,578,529 $4,106,448
2022 $2,156,362 $1,106,473 $2,016,873 $1,049,889
2021 $993,789 $971,674 $1,010,699 $22,115
2020 $664,291 $270,416 $1,152,552 $393,875
2019 $297,498 $458,023 $849,230 $-160,525
2018 $-184,738 $800,550 $815,369 $-985,288
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