Overview
What is Project Build A Future Inc?
Project Build A Future Inc is a nonprofit organization situated in Lake Charles, Louisiana, with a specific mission to foster and facilitate the construction of affordable housing units. Based at 2306 Third Street, they aim to enhance and beautify the surrounding areas, not just around Sacred Heart Church, but also in the broader Calcasieu Parish area. The organization's activities include acquiring land and hiring contractors to build these homes, which they later sell to low-income families. With a modest workforce of eight individuals, Project Build A Future Inc is dedicated to making a positive impact on local housing affordability and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Project Build A Future Inc has received a 67% rating from Charity Navigator, which translates to a Two-Star rating. This score is primarily derived from the charity's accountability and financial practices. The organization excels in areas like having a majority of independent board members, maintaining a low liabilities-to-assets ratio, and demonstrating a high program expense ratio, indicating effective allocation of funds towards its mission.
However, there are several significant limitations that affect the overall rating. Key governance documents such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy are missing, which raises concerns about organizational transparency and accountability. Furthermore, the charity has not made its financial statements available, nor has it listed its website on its tax form, indicating potential gaps in communication and accessibility of information for stakeholders.
Overall, while Project Build A Future Inc shows strong financial management and governance structure through its independent board, the lack of necessary policies and documentation could hinder trust and accountability among potential donors and beneficiaries. Addressing these limitations could enhance its rating and public perception significantly.
This AI summary has been generated from information found on Charity Navigator.
Is Project Build A Future Inc legitimate?
Project Build A Future Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Build A Future 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,857
For more financial information, click here
What is the mission statement of Project Build A Future Inc?
Project Build A Future Inc's mission is centered around encouraging, promoting, and assisting in the development of affordable and well-designed housing. The primary goal is to enhance and beautify the surrounding areas, not just around Sacred Heart Church, but also throughout Calcasieu Parish. The organization aims to accomplish this by acquiring land and hiring contractors to build and sell housing units to low-income families, thereby contributing to the community's overall improvement.
Who is the CEO of Project Build A Future Inc?
Charla Blake is the Board Member of Project Build A Future Inc.
What is the revenue of Project Build A Future Inc?
Project Build A Future Inc's revenue in 2022 was $870,595.
Who are the executives of Project Build A Future Inc and what are their salaries?
The average compensation at Project Build A Future Inc during 2022 was $24,982. There are 8 employees and 30 volunteers at Project Build A Future Inc.
Here are 8 key members and their salaries:
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- Compensation: $52,799
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Where can I find the form 990 for Project Build A Future Inc?
Project Build A Future Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Build A Future Inc
Project Build A Future Inc, a nonprofit organization, is dedicated to encouraging, promoting, and assisting in the development of affordable and well-designed housing. Their mission is to enhance and beautify the surrounding areas, not only around Sacred Heart Church but also throughout Calcasieu Parish. To achieve this, they acquire land and hire contractors to construct housing units. These units are then sold to low-income families, contributing to their goal of improving the overall living conditions in the community.
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Impact
July, 2024
Project Build A Future Inc has made a significant impact in the Calcasieu Parish area by acquiring land, hiring contractors, and building affordable housing units for low-income families. The organization's efforts not only provide much-needed housing for those in need but also contribute to the improvement and beautification of the surrounding area. Through their mission to encourage and promote the development of affordable and well-designed housing, Project Build A Future Inc is making a positive difference in the community, particularly in the city of Lake Charles, Louisiana. Their work aligns with the tag "Housing" and aims to address a critical need for affordable housing in the region.
This information is meant to be a general summary of Project Build A Future 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: -$16,834
- Program Service Revenue: $353,244
- Gross Receipts: $870,595
Assets and Liabilities:
- Total Assets: $2,868,171
- Total Liabilities: $1,227,766
- Net Assets: $1,640,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TO HOMEOWNERS
Revenue
$290,000
RENTAL REVENUE
Revenue
$63,244
Organization Details
Founding Year
2001
Phone
(337) 439-7191Principal Officer
Charla Blake
Main Address
2306 THIRD STREET, LAKE CHARLES, LA, 70601
NTEE Category
Code: L20 - Housing
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