Overview
What is The Community Builders Inc?
The Community Builders Inc, headquartered in Boston, Massachusetts, is a charitable organization dedicated to fostering affordable housing for low- and moderate-income families. Their primary focus is on acquiring, owning, developing, and managing rental and homeownership housing at affordable costs. The organization's mission extends beyond housing, as they also research methods for financing, home improvement, and new construction to benefit low- and moderate-income individuals. Through various programs and projects, The Community Builders support neighborhood leaders, provide funding for studies, and make grants or loans to further their objectives. Their ultimate goal is to improve communities and help residents achieve improved educational, personal, social, and economic outcomes, essential for individual and household success.
Official website here: www.tcbinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Community Builders Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance with a score of 81%. This rating is significant as it highlights the organization’s commitment to transparency and responsible financial management. The high scores in governance areas, such as having a fully independent board and strong auditing practices, reinforce the organization's credibility.
Strengths of The Community Builders Inc include a remarkable program expense ratio of 94.46%, indicating that a substantial portion of its funding is directed toward its programs rather than administrative costs. Additionally, the presence of a comprehensive set of policies, including conflict of interest and whistleblower policies, demonstrates a commitment to ethical practices and accountability.
However, while the organization excels in financial oversight and governance, the overall rating is solely based on the Accountability & Finance beacon. This focus may suggest that other aspects, such as program effectiveness or impact, have not been as thoroughly assessed in the same manner, which could be an area for potential improvement and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Builders Inc legitimate?
The Community Builders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Builders 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: $2,257,368
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,402,311
For more financial information, click here
Official website here: www.tcbinc.org
What is the mission statement of The Community Builders Inc?
The Community Builders Inc is dedicated to creating thriving communities where individuals, regardless of income, can reach their full potential. They accomplish this mission by constructing, financing, and managing high-quality, affordable, mixed-income housing. In addition to housing development, they coordinate access to support services and engage in various community and economic initiatives. Their primary focus is on serving lower-income populations who are not adequately catered to by market forces. The organization favors a multi-disciplinary approach and large-scale projects to make a lasting impact. The Community Builders specializes in redeveloping distressed housing projects, transforming them into anchors for comprehensive community revitalization efforts.
Official website here: www.tcbinc.org
Who is the CEO of The Community Builders Inc?
Bartholomew J Mitchell I is the Principal Officer of The Community Builders Inc. The CEO's salary of The Community Builders Inc is $418,997 and their total compensation is $459,448.
Official website here: www.tcbinc.org
What is the revenue of The Community Builders Inc?
The Community Builders Inc's revenue in 2022 was $90,231,129.
Official website here: www.tcbinc.org
Who are the executives of The Community Builders Inc and what are their salaries?
The average compensation at The Community Builders Inc during 2022 was $56,670. There are 841 employees and 45 volunteers at The Community Builders Inc.
Here are 31 key members and their salaries (The Community Builders Inc's CEO's salary is $418,997 and their total compensation is $459,448):
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- Compensation: $418,997
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- Other: $40,451
- Compensation: $264,067
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- Compensation: $169,079
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- Compensation: $260,847
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- Other: $45,449
- Compensation: $225,855
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- Compensation: $211,350
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- Compensation: $228,020
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- Other: $38,541
- Compensation: $201,888
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- Other: $46,927
Official website here: www.tcbinc.org
Where can I find the form 990 for The Community Builders Inc?
The Community Builders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcbinc.org
Learn more at the official website: www.tcbinc.org
Mission Statement of The Community Builders Inc
The Community Builders, Inc., a mission-driven organization, strives to create thriving communities where individuals of all income levels can reach their full potential. They accomplish this by developing, financing, and managing high-quality, affordable, mixed-income housing. In their commitment to serving communities in need, they primarily focus on lower-income populations not effectively catered to by market forces.
The Community Builders specialize in large-scale public and assisted housing redevelopment projects, transforming distressed housing projects into vital anchors for comprehensive community revitalization efforts. Their approach is multi-disciplinary, and they engage in significant initiatives that yield lasting impacts. Through their work, they not only develop housing but also coordinate access to essential support services, contributing to the overall well-being of the communities they serve.
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Impact
October, 2024
The Community Builders Inc. significantly impacts low- and moderate-income families by developing high-quality, affordable housing. Their mission focuses on creating communities where residents of all income levels can thrive, emphasizing a multi-disciplinary approach to address diverse community needs.
By acquiring, developing, and managing affordable housing, they ensure access to safe and attractive living environments. Their efforts extend beyond housing; they also coordinate support services that foster personal and community development, helping residents achieve improved educational, social, and economic outcomes.
The organization promotes neighborhood revitalization through innovative financing methods and collaborative community initiatives. They work closely with local leaders and institutions to secure necessary resources, thereby enhancing the living standards of underserved populations. Their large-scale redevelopment projects transform distressed areas into thriving neighborhoods, serving as models for sustainable community growth.
Ultimately, The Community Builders Inc. not only provides housing but also stimulates broader community improvement, empowering residents and contributing to long-term economic stability in the areas they serve.
This information is meant to be a general summary of The Community Builders 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 2022.
- Investment Income: -$1,200
- Program Service Revenue: $79,885,618
- Gross Receipts: $90,292,407
Assets and Liabilities:
- Total Assets: $168,160,745
- Total Liabilities: $134,730,172
- Net Assets: $33,430,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT AND SITE FEES
Revenue
$36,336,265
REVENUE FROM REFINANCING
Revenue
$16,045,788
DEVELOPMENT
Revenue
$10,933,941
REVENUE FROM PROPERTY DISTRIBUTIO
Revenue
$10,025,491
RENTAL INCOME
Revenue
$6,544,133
Organization Details
Founding Year
1964
Phone
(857) 221-8600Principal Officer
Bartholomew J Mitchell I
Main Address
185 DARTMOUTH STREET, BOSTON, MA, 02116
Website
www.tcbinc.orgNTEE Category
Code: L210 - Housing
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