Civic Intelligence

Building Hope Inc.

990 • Fiscal year 2020 • EIN 81-2921046

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 26, 2021

510 N Holcombe AveLitchfield, MN 55355

(612) 270-3408

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.52x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.40x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

59th percentile

11%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

88th percentile

$36,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

19%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$352,780

Up $39,898 (+13%) from 2019

Net Assets

Up

$171,009

Up $51,882 (+44%) from 2019

Liabilities

Down

$181,771

Down $11,984 (-6.2%) from 2019

Revenue

Up

$455,579

Up $71,962 (+19%) from 2019

Expenses

Up

$403,697

Up $53,088 (+15%) from 2019

Net Income

Up

$51,882

Up $18,874 (+57%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2016: $42,998Liabilities 2016: $52,057Net Assets 2016: -$9,0592016Assets 2017: $20,092Liabilities 2017: $31,474Net Assets 2017: -$11,3822017Assets 2018: $295,070Liabilities 2018: $208,951Net Assets 2018: $86,1192018Assets 2019: $312,882Liabilities 2019: $193,755Net Assets 2019: $119,1272019Assets 2020: $352,780Liabilities 2020: $181,771Net Assets 2020: $171,0092020Assets 2021: $345,520Liabilities 2021: $166,794Net Assets 2021: $178,7262021Assets 2022: $334,100Liabilities 2022: $155,322Net Assets 2022: $178,7782022Assets 2023: $392,968Liabilities 2023: $159,663Net Assets 2023: $233,3052023Assets 2024: $605,481Liabilities 2024: $301,450Net Assets 2024: $304,0312024

Highlighted filing

2020

Assets$352,780
Liabilities$181,771
Net Assets$171,009

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $44,229Expenses 2016: $53,288Net Income 2016: -$9,0592016Revenue 2017: $299,886Expenses 2017: $302,208Net Income 2017: -$2,3222017Revenue 2018: $416,320Expenses 2018: $318,819Net Income 2018: $97,5012018Revenue 2019: $383,617Expenses 2019: $350,609Net Income 2019: $33,0082019Revenue 2020: $455,579Expenses 2020: $403,697Net Income 2020: $51,8822020Revenue 2021: $460,796Expenses 2021: $453,079Net Income 2021: $7,7172021Revenue 2022: $436,211Expenses 2022: $436,159Net Income 2022: $522022Revenue 2023: $714,593Expenses 2023: $660,066Net Income 2023: $54,5272023Revenue 2024: $1,366,714Expenses 2024: $1,295,988Net Income 2024: $70,7262024

Highlighted filing

2020

Revenue$455,579
Expenses$403,697
Net Income$51,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 26, 2021
Return Version
2020v4.0
Gross Receipts
$455,579
Mission and Program Overview

Mission

To provide supervision and services to developmentally disabled adults in their own home in the community of their choosing who otherwise would not be able to do so without support. To provide program support to developmentally disabled children in their family home.

To provide supervision and services to developmentally disabled adults in their own community who otherwise would not be able to do so without suppport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$247,608$254,990▲ $7,382
Rtn Earn Endowment Incm Other Fnds$119,127$171,009▲ $51,882
Cash and Non-Interest-Bearing Accounts$49,212$61,310▲ $12,098
Accounts Receivable$13,021$32,608▲ $19,587
Prepaid Expenses and Deferred Charges$3,041$3,872▲ $831
Total Assets$312,882$352,780▲ $39,898
Liabilities
Mortgage Notes Payable Secured by Investment Property$181,353$165,155▼ $16,198
Other Liabilities$11,700$15,885▲ $4,185
Accounts Payable and Accrued Expenses$702$731▲ $29
Total Liabilities$193,755$181,771▼ $11,984
Net Assets / Fund Balance
Total Net Assets Fund Balance$119,127$171,009▲ $51,882
Total Liabilities and Net Assets / Fund Balance$312,882$352,780▲ $39,898

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$244,376$17,362$261,738
Equipment$10,614$6,175$16,789
Compensation and Service Providers

Employees

NameTitleBaseTotal
Tarja H BrownPresident$36,000$36,000
Sharon KallinenDirector$20,450$20,450

Board Members and Trustees

NameTitle
Lars KeplingerChairman
Nate JurmuVice Chair
Dean KallinenDirector
Ernest HublaDirector
Melba SimonsonDirector
Ronald SimonsonDirector
Daren HendricksonSecretary
Carl HarjuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$455,545
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$0
All Other Contributions
$455,545
Change in Net Assets
$51,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$326,000
Other Expenses$77,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,028--$248,028
Current Officers, Directors, Trustees, and Key Employees$20,450$36,000-$56,450
Payroll Taxes$20,244--$20,244
Occupancy$16,777--$16,777
Depreciation Depletion$11,511$266-$11,777
Conferences and Meetings$5,674--$5,674
All Other Expenses$1,246$2,045-$3,291
Insurance$1,467$1,637-$3,104
Travel$2,770--$2,770
Other Expenses$2,411$2,655-$2,411
Information Technology-$1,810-$1,810
Office Expenses-$1,575-$1,575
Other Employee Benefits$1,125$153-$1,278
Fees for Services Other-$1,250-$1,250
Fees for Services Accounting-$840-$840
Payments to Affiliates-$463-$463
Interest$217--$217
Total Functional Expenses$355,003$48,694$0$403,697
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tarja BrownSee Part VSee Part VNo$36,000
Sharon KallinenSee Part VSee Part VNo$20,450
Kirsti KarvonenSee Part VSee Part VNo$10,633
Sara WuolletSee Part VSee Part VNo$5,652
Alyssa SimonsonSee Part VSee Part VNo$4,568
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$15,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Curtis simonson ronald simonson director director family dean kallinen sharon kallinen director director family sharon kallinen dean kallinen director director family ronald simonson melba simonson director director family

Form 990, Page 6, Part VI, Line 6

Membership of the organization consist of one class of members - guardians of individuals receiving services are members of the corporation for the duration of the services. Persons serving on the board of directors are members of the corporation while they are serving on the board.

Form 990, Page 6, Part VI, Line 7B

Members of the corporation will vote on submitted candidates for vacancies on the board at the annual meeting each year.

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews and approves information in the return of organization's exempt from income tax prior to submission of the form 990 to the internal revenue service. Motion and approval is duly recorded in the minutes of the corporation.

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflicts policy. The board of directors and officers and key employees review and sign a conflict of interest resolution on an annual basis, disclosing whether or not they are aware of any conflict of interest and agreeing to comply with building hope conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

Sharon kallinen - program director - salary review in 2020. Tarja brown - consultant executive director - consulting pay review in 2020. The board of directors review wages and consulting pay on an annual basis.

Form 990, Page 6, Part VI, Line 18

No public disclosure explanation. Form 990 is available for review by the public at the corporate office at 510 n holcombe ave litchfield, mn 55355.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interst policy and financial statements are not available to the general public as these documents are not required by federal law to be disclosed. Form 990 is publicly available and can be found at the coprorate office.

Filing and Contact Details

Filer

Filer Name
Building Hope Inc
EIN
81-2921046
Address
510 N HOLCOMBE AVE, LITCHFIELD, MN 55355

Signing Officer

Name
Carl Harju
Title
Treasurer
Signed
2021-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tarja H Brown
Formed
2016
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
31
Volunteers
10

Preparer

Firm
Conway Deuth & Schmiesing Pllp
Address
331 3RD ST SW STE 2, WILLMAR, MN 56201-4440
Preparer
Mitchel a Hjelle CPA
Phone
3202353311
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SHARON KALLINEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KIRSTI KARVONEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2ALYSSA SIMONSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3SARA WUOLLET
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4TARJA BROWN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4SEE PART V
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4SEE PART V
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt01)SHARON KALLINEN - EMPLOYEE; BOARD MEMBER AND WIFE OF A BOARD MEMBER 2)KIRSTI KARVONEN - EMPLOYEE; PARENTS ARE ON THE BOARD 3)ALYSSA SIMONSON - EMPLOYEE; PARENTS ARE ON THE BOARD 4)SARA WUOLLET - EMPLOYEE; PARENTS ARE ON THE BOARD 4)TARJA BROWN - BOARD MEMBER; RECEIVED CONSULTANT PAY FOR SERVICES PERFORMED
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CURTIS SIMONSON RONALD SIMONSON DIRECTOR DIRECTOR FAMILY DEAN KALLINEN SHARON KALLINEN DIRECTOR DIRECTOR FAMILY SHARON KALLINEN DEAN KALLINEN DIRECTOR DIRECTOR FAMILY RONALD SIMONSON MELBA SIMONSON DIRECTOR DIRECTOR FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP OF THE ORGANIZATION CONSIST OF ONE CLASS OF MEMBERS - GUARDIANS OF INDIVIDUALS RECEIVING SERVICES ARE MEMBERS OF THE CORPORATION FOR THE DURATION OF THE SERVICES. PERSONS SERVING ON THE BOARD OF DIRECTORS ARE MEMBERS OF THE CORPORATION WHILE THEY ARE SERVING ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CORPORATION WILL VOTE ON SUBMITTED CANDIDATES FOR VACANCIES ON THE BOARD AT THE ANNUAL MEETING EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES INFORMATION IN THE RETURN OF ORGANIZATION'S EXEMPT FROM INCOME TAX PRIOR TO SUBMISSION OF THE FORM 990 TO THE INTERNAL REVENUE SERVICE. MOTION AND APPROVAL IS DULY RECORDED IN THE MINUTES OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICTS POLICY. THE BOARD OF DIRECTORS AND OFFICERS AND KEY EMPLOYEES REVIEW AND SIGN A CONFLICT OF INTEREST RESOLUTION ON AN ANNUAL BASIS, DISCLOSING WHETHER OR NOT THEY ARE AWARE OF ANY CONFLICT OF INTEREST AND AGREEING TO COMPLY WITH BUILDING HOPE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SHARON KALLINEN - PROGRAM DIRECTOR - SALARY REVIEW IN 2020. TARJA BROWN - CONSULTANT EXECUTIVE DIRECTOR - CONSULTING PAY REVIEW IN 2020. THE BOARD OF DIRECTORS REVIEW WAGES AND CONSULTING PAY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO PUBLIC DISCLOSURE EXPLANATION. FORM 990 IS AVAILABLE FOR REVIEW BY THE PUBLIC AT THE CORPORATE OFFICE AT 510 N HOLCOMBE AVE LITCHFIELD, MN 55355.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC AS THESE DOCUMENTS ARE NOT REQUIRED BY FEDERAL LAW TO BE DISCLOSED. FORM 990 IS PUBLICLY AVAILABLE AND CAN BE FOUND AT THE COPRORATE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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