Civic Intelligence

Building Hope Inc.

990 • Fiscal year 2021 • EIN 81-2921046

Jan 01, 2021 to Dec 31, 2021 • Filed on May 23, 2022

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

89th percentile

0.48x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.36x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

39th percentile

1.7%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$36,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

36th percentile

-2.1%

Faster asset growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

1.1%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$345,520

Down $7,260 (-2.1%) from 2020

Net Assets

Up

$178,726

Up $7,717 (+4.5%) from 2020

Liabilities

Down

$166,794

Down $14,977 (-8.2%) from 2020

Revenue

Up

$460,796

Up $5,217 (+1.1%) from 2020

Expenses

Up

$453,079

Up $49,382 (+12%) from 2020

Net Income

Down

$7,717

Down $44,165 (-85%) from 2020

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

2021

Assets$345,520
Liabilities$166,794
Net Assets$178,726

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

2021

Revenue$460,796
Expenses$453,079
Net Income$7,717
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 23, 2022
Return Version
2021v4.0
Gross Receipts
$460,796
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$254,990$255,056▲ $66
Rtn Earn Endowment Incm Other Fnds$171,009$178,726▲ $7,717
Cash and Non-Interest-Bearing Accounts$61,310$50,696▼ $10,614
Accounts Receivable$32,608$34,118▲ $1,510
Prepaid Expenses and Deferred Charges$3,872$5,650▲ $1,778
Total Assets$352,780$345,520▼ $7,260
Liabilities
Mortgage Notes Payable Secured by Investment Property$165,155$155,543▼ $9,612
Other Liabilities$15,885$10,090▼ $5,795
Accounts Payable and Accrued Expenses$731$1,161▲ $430
Total Liabilities$181,771$166,794▼ $14,977
Net Assets / Fund Balance
Total Net Assets Fund Balance$171,009$178,726▲ $7,717
Total Liabilities and Net Assets / Fund Balance$352,780$345,520▼ $7,260

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$221,228$27,630$248,858
Leasehold Improvements$29,083$1,529$30,612
Equipment$4,745$7,117$11,862
Compensation and Service Providers

Employees

NameTitleBaseTotal
Tarja H BrownPresident$36,000$36,000
Carl HarjuTreasurer$4,767$4,767

Board Members and Trustees

NameTitle
Lars KeplingerChairman
Nate JurmuVice-chairma
Dean KallinenDirector
Ernest HuhtaDirector
Melba SimonsonDirector
Ronald SimonsonDirector
Sharon KallinenDirector
Daren HendricksonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$460,771
Program Service Revenue
$0
Investment Income
$25
Other Revenue
$0
All Other Contributions
$460,771
Change in Net Assets
$7,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$373,738
Other Expenses$79,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$308,301--$308,301
Current Officers, Directors, Trustees, and Key Employees$4,767$36,000-$40,767
Payroll Taxes$24,670--$24,670
Occupancy$14,045$110-$14,155
Depreciation Depletion$12,473$266-$12,739
Conferences and Meetings$4,767--$4,767
All Other Expenses$2,410$1,739-$4,149
Insurance-$3,148-$3,148
Travel$2,957--$2,957
Other Expenses$2,830--$2,830
Information Technology-$2,788-$2,788
Office Expenses-$1,158-$1,158
Payments to Affiliates$322$641-$963
Fees for Services Accounting-$800-$800
Total Functional Expenses$406,429$46,650$0$453,079
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
Kirsti KarvonenSee Part VSee Part VNo$5,392
Carl HarjuConsultantSee Part VNo$4,767
Alyssa SimonsonSee Part VSee Part VNo$4,568
Sara WuolletSee Part VSee Part VNo$1,964
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$10,090
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

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

Tarja brown - consultant - consulting pay review in 2021. 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
2022-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lars Keplinger
Formed
2016
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
32
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/PersonNm0KIRSTI KARVONEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ALYSSA SIMONSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SARA WUOLLET
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3TARJA BROWN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4CARL HARJU
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE 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)KIRSTI KARVONEN - EMPLOYEE; PARENTS ARE ON THE BOARD 2)ALYSSA SIMONSON - EMPLOYEE; GRANDPARENTS ARE ON THE BOARD 3)SARA WUOLLET - EMPLOYEE; PARENTS ARE ON THE BOARD 4)TARJA BROWN - BOARD MEMBER; RECEIVED CONSULTANT PAY FOR SERVICES PERFORMED 5)CARL HARJU - BOARD MEMBER; RECEIVED CONSULTANT PAY FOR SERVICES PERFORMED
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEAN 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/ExplanationTxt5TARJA BROWN - CONSULTANT - CONSULTING PAY REVIEW IN 2021. 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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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
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARL HARJU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUILDING HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0BUIL

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