Alternative Building Concepts Group Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 990288410 ✦ Garland, TX ✦ Designated as a 501(c)(3)

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Overview

What is Alternative Building Concepts Group Inc?

Alternative Building Concepts Group Inc is a nonprofit organization situated in Garland, Texas. With a modest workforce of two individuals, their primary mission is to provide housing and care for individuals with low and very low income residing in the Dallas, Fort Worth, San Antonio, and El Paso areas. They accomplish this by managing three affordable housing properties. Beyond offering dwellings, Alternative Building Concepts Group Inc also provides psychiatric services, demonstrating their commitment to holistically support the well-being of their residents. The organization is dedicated to making a positive impact on the lives of those in need within these urban areas.

Is Alternative Building Concepts Group Inc legitimate?

Alternative Building Concepts Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alternative Building Concepts Group 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: $310,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Alternative Building Concepts Group Inc?

Alternative Building Concepts Group Inc's mission is centered around providing housing and care for individuals who fall under the categories of low and very low income. This organization operates with the primary goal of offering a home and necessary support services to those in need. Their activities extend to various areas, including Dallas, Fort Worth, San Antonio, and El Paso, through the operation of three affordable housing properties. The group's mission is to ensure these individuals have a secure living environment, thereby contributing to their overall well-being.

Who is the CEO of Alternative Building Concepts Group Inc?

Michael Eade is the Secretary of Alternative Building Concepts Group Inc. The CEO's salary of Alternative Building Concepts Group Inc is $166,500 and their total compensation is $186,000.

What is the revenue of Alternative Building Concepts Group Inc?

Alternative Building Concepts Group Inc's revenue in 2022 was $6,819,117.

Who are the executives of Alternative Building Concepts Group Inc and what are their salaries?

The average compensation at Alternative Building Concepts Group Inc during 2022 was $155,000. There are 2 employees at Alternative Building Concepts Group Inc.


Here are 5 key members and their salaries (Alternative Building Concepts Group Inc's CEO's salary is $166,500 and their total compensation is $186,000):


Sally Farrington (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Binning (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Clark (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Eade (Ceo And Vice Pres.)
  • Compensation: $166,500
  • Related: $0
  • Other: $19,500
Margaret Eade (Coo And Treasurer)
  • Compensation: $104,500
  • Related: $0
  • Other: $19,500
Where can I find the form 990 for Alternative Building Concepts Group Inc?

Alternative Building Concepts Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Alternative Building Concepts Group Inc

Alternative Building Concepts Group Inc, a nonprofit organization, is committed to providing housing and care for individuals with low and extremely low incomes. Their mission is centered around offering a sanctuary for these individuals, ensuring they have access to a secure living space. The group operates in various areas, including Dallas, Fort Worth, San Antonio, and El Paso, by managing three affordable housing properties. Through these properties, Alternative Building Concepts Group Inc provides a vital service, offering a roof over the heads of those who may not otherwise have access to such a basic necessity.

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Impact




October, 2024

Alternative Building Concepts Group Inc significantly impacts the communities it serves by providing essential housing and psychiatric services to low and very low-income individuals in the Dallas, Fort Worth, San Antonio, and El Paso areas. By operating three affordable housing properties, the organization directly addresses the critical need for safe and stable living environments, enabling residents to achieve greater economic stability and improve their quality of life.

Furthermore, the addition of psychiatric services ensures that residents receive comprehensive support tailored to their mental health needs, fostering a holistic approach to well-being. This combined effort not only helps to alleviate the challenges faced by vulnerable populations but also promotes community integration and resilience, ultimately contributing to healthier, more stable neighborhoods.




This information is meant to be a general summary of Alternative Building Concepts Group 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.

Revenue
$6,819,117 (2022)
Expenses
$5,825,169 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Program Service Revenue: $6,819,114
  • Gross Receipts: $6,819,117

Assets and Liabilities:

  • Total Assets: $15,770,911
  • Total Liabilities: $635,814
  • Net Assets: $15,135,097

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW INCOME HOUSING

Revenue

$6,819,114

Organization Details

Founding Year

1991

Principal Officer

Michael Eade

Main Address

5435 N GARLAND AVE 140-182, GARLAND, TX, 75040

NTEE Category

Code: Z99 - Unknown

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