Overview
What is Building For Tomorrow?
Building for Tomorrow (BFT) is a nonprofit organization situated in Akron, Ohio, dedicated to supporting residents of the Akron Metropolitan Housing Authority and other low-income individuals in the community. Their mission is to foster stability, education, and economic independence to contribute to the betterment of the larger community. By providing resources, tools, and opportunities, BFT helps residents of AMHA reach their potential and transition beyond assisted living. Their focus lies in promoting educational success, financial self-sufficiency, and independent living. They operate through the Reach Opportunity Center, offering a broad spectrum of educational programs, training, and support services designed to strengthen entire families and contribute to Summit Education Initiative's Cradle to Career Alliance. BFT's aim is to create a supportive community where individuals, regardless of their life stage, can realize and achieve a brighter future.
Official website here: www.amhabft.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Building For Tomorrow has achieved a strong Four-Star rating, reflecting its commitment to high standards of accountability and finance. The organization scored exceptionally well in all evaluated areas, particularly highlighting its responsible governance practices, including a majority of independent board members and a robust audit committee.
The organization's financial health is indicated by its impressive program expense ratio of 99.31%, suggesting that nearly all of its expenses are dedicated to its programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 27.72% points to a sound financial footing, enhancing the confidence of donors in the charity's fiscal management.
While the data reflects strong performance in governance and financial accountability, there are no significant limitations noted in the evaluation. The presence of various essential policies further demonstrates the charity's commitment to transparency and ethical practices. Overall, Building For Tomorrow stands out as a well-managed nonprofit dedicated to delivering impactful programs.
This AI summary has been generated from information found on Charity Navigator.
Is Building For Tomorrow legitimate?
Building For Tomorrow is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building For Tomorrow 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: $0
For more financial information, click here
Official website here: www.amhabft.org
What is the mission statement of Building For Tomorrow?
Building for Tomorrow (BFT) supports services aimed at promoting stability, education, and economic independence among residents of low-income communities, aligning with the goals of the Akron Metropolitan Housing Authority (AMHA). BFT's mission is to equip AMHA residents with necessary tools to surpass assisted living and reach their full potential. The organization focuses on educational success, economic self-sufficiency, and independent living, aiming to foster a supportive community where individuals, regardless of their life stage, can realize and achieve a brighter future. BFT strives to create an environment that empowers residents to take control of their lives and seize opportunities for a more prosperous future.
Official website here: www.amhabft.org
Who is the CEO of Building For Tomorrow?
Herman L Hill is the President of Building For Tomorrow.
Official website here: www.amhabft.org
What is the revenue of Building For Tomorrow?
Building For Tomorrow's revenue in 2022 was $932,330.
Official website here: www.amhabft.org
Who are the executives of Building For Tomorrow and what are their salaries?
There 3 volunteers at Building For Tomorrow.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $153,057
- Other: $39,330
- Compensation: $0
- Related: $117,260
- Other: $45,270
- Compensation: $0
- Related: $48,019
- Other: $25,284
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.amhabft.org
Where can I find the form 990 for Building For Tomorrow?
Building For Tomorrow's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amhabft.org
Learn more at the official website: www.amhabft.org
Mission Statement of Building For Tomorrow
Building For Tomorrow, or BFT, is a non-profit organization dedicated to supporting the residents of the Akron Metropolitan Housing Authority and other low-income individuals in the community. Their mission aligns with the goals of the housing authority, aiming to foster stability, education, and economic independence as a means of strengthening the community at large.
BFT provides tools and resources to help residents of the Akron Metropolitan Housing Authority reach their full potential and move beyond assisted living. Their focus is on educational success, economic self-sufficiency, and independent living. By creating a supportive community, BFT empowers residents, regardless of their stage in life, to realize and obtain a brighter future.
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Impact
October, 2024
Building For Tomorrow significantly impacts the lives of low-income residents in the Akron community by focusing on education, economic independence, and personal empowerment. Through the REACH Opportunity Center, it offers a comprehensive system of educational support and resources aimed at helping families break the cycle of poverty.
The organization emphasizes preparing children for kindergarten, ensuring literacy proficiency by third grade, and providing adult learning and job readiness programs. This holistic approach not only enhances individual capabilities but fosters a supportive community environment where residents can achieve their full potential. By aligning its mission with the goals of the Akron Metropolitan Housing Authority, Building For Tomorrow directly contributes to community stability and economic self-sufficiency, creating pathways for residents to move beyond assisted living and secure a brighter future for themselves and their families.
This information is meant to be a general summary of Building For Tomorrow. 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: $13,183
- Gross Receipts: $932,330
Assets and Liabilities:
- Total Assets: $707,166
- Total Liabilities: $196,047
- Net Assets: $511,119
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Organization Details
Founding Year
2010
Phone
(330) 762-9631Principal Officer
Herman L Hill
Main Address
100 WEST CEDAR STREET, AKRON, OH, 44307
Website
www.amhabft.orgNTEE Category
Code: P20 - Human services
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