Overview
What is Building For Hope Inc?
Building For Hope Inc, based in Zebulon, North Carolina, is a nonprofit organization with a single employee. They are distinguished by their mission to manage a building and offer its use to other 501C3 organizations at an affordable cost. Upon dissolution, they provide funding to these organizations in accordance with their by-laws. This initiative allows various non-profits to utilize the space, thereby contributing to their collective objectives and impact in the community.
Is Building For Hope Inc legitimate?
Building For Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building For Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,000
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What is the mission statement of Building For Hope Inc?
Building for Hope Inc. manages a building for the use of non-profit organizations and provides the facility at a reduced cost. Their mission is centered around supporting these non-profits financially, as well. Upon the dissolution of the organization, Building for Hope Inc. provides funding to 501c3 organizations in accordance with its by-laws. The organization's mission is to extend aid to non-profit organizations by offering them a functional space at an affordable cost. This enables these non-profits to focus on their primary objectives, without worrying about real estate expenses.
Who is the CEO of Building For Hope Inc?
Jay Silver is the Director of Building For Hope Inc.
What is the revenue of Building For Hope Inc?
Building For Hope Inc's revenue in 2021 was $22.
Who are the executives of Building For Hope Inc and what are their salaries?
The average compensation at Building For Hope Inc during 2021 was $1,000. There is 1 employee at Building For Hope Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Building For Hope Inc?
Building For Hope Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Building For Hope Inc
Building for Hope Inc is an organization dedicated to managing a building for the benefit of non-profit organizations. They provide the use of this building at a reduced cost. The mission of Building for Hope Inc is to offer a space that non-profit organizations can utilize, thereby reducing their operational expenses. Upon the dissolution of the organization, funding is distributed to 501C3 organizations in accordance with the by-laws. This mission demonstrates Building for Hope Inc's commitment to supporting the work of non-profit organizations and contributing to the broader community by providing them with a cost-effective space solution.
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Impact
October, 2024
Building For Hope Inc significantly impacts the community by managing facilities that cater specifically to the needs of nonprofit organizations. By providing access to a building at cost, it enables various 501(c)(3) entities to operate more effectively without the financial burden of high rental expenses. This support fosters collaboration among nonprofits and enhances their capacity to serve the community. Additionally, upon dissolution of organizations, Building For Hope ensures that funding is disbursed in accordance with its bylaws, further reinforcing its commitment to the sustainability and growth of the nonprofit sector in Zebulon, NC. Through these efforts, Building For Hope Inc promotes philanthropy and strengthens the support network for charitable initiatives in the area.
This information is meant to be a general summary of Building For Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $22
- Gross Receipts: $22
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2004
Phone
(919) 345-2013Principal Officer
Jay Silver
Main Address
10437 OAKLEY RD, ZEBULON, NC, 27597
NTEE Category
Code: T30 - Philanthropy
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