Overview
What is Building Change Inc?
Building Change Inc, based in Richmond, Virginia, is a dedicated nonprofit organization. Their primary mission involves collaborating with local communities, government entities, and business networks to enhance the health, durability, and energy access of homes, buildings, and citizens within their reach. They strive to improve the living conditions of low-to-moderate income homes in specific Maryland counties by installing energy-efficient upgrades and weatherization services. To further their efforts, Building Change Inc leverages technology to connect these communities to new funding channels, thereby empowering them to make sustainable improvements.
Official website here: www.buildingchange.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%, Zero-Star out of Four Star rating
Building Change Inc has received a low rating of 47% from Charity Navigator, which reflects significant concerns regarding its accountability and financial practices. The organization scored particularly poorly in terms of its accountability and finance, with a score of 39. Despite a high program expense ratio of 96.48%, indicating that a substantial portion of its funds is directed toward programs, the lack of independent board members and missing financial statements raises red flags about governance and transparency.
On a more positive note, Building Change Inc has demonstrated strong performance in areas related to culture and community, earning a score of 82. The organization excels in collecting and utilizing constituent feedback, scoring a perfect 100 in multiple aspects of feedback collection and usage. This suggests a commitment to engaging with and responding to the needs of its community, which can be seen as a strength amid the financial governance issues.
However, the organization faces challenges due to its lack of financial documentation and essential governance policies, such as a conflict of interest policy and a whistleblower policy. The liabilities to assets ratio is concerning at 173.55%, indicating potential financial instability. Overall, while Building Change Inc shows promise in its community engagement, significant improvements are needed in financial accountability and board governance to enhance its standing and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Building Change Inc legitimate?
Building Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Change 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: $24,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.buildingchange.net
What is the mission statement of Building Change Inc?
Building Change Inc's mission involves collaborating with local communities, government, and business networks. Their goal is to enhance the health, durability, and energy access of homes, buildings, and citizens within their reach. Additionally, they aim to connect these communities to new funding channels through technology. Their primary activity involves installing energy-efficient upgrades and weatherization services, directly benefiting low-to-moderate income homes in certain Maryland counties.
Official website here: www.buildingchange.net
Who is the CEO of Building Change Inc?
Jason Dispenza is the Officer of Building Change Inc.
Official website here: www.buildingchange.net
What is the revenue of Building Change Inc?
Building Change Inc's revenue in 2022 was $1,312,788.
Official website here: www.buildingchange.net
Who are the executives of Building Change Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $55,525
- Other: $0
- Compensation: $15,580
- Related: $0
- Other: $0
- Compensation: $8,550
- Related: $0
- Other: $0
Official website here: www.buildingchange.net
Where can I find the form 990 for Building Change Inc?
Building Change Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buildingchange.net
Learn more at the official website: www.buildingchange.net
Mission Statement of Building Change Inc
Building Change Inc, a mission-driven organization, works collaboratively with local communities, government entities, and business networks. Their primary goal is to enhance the health, durability, and energy access of homes, buildings, and citizens within their reach. Furthermore, they aim to connect these communities to new funding channels through the use of technology. In simpler terms, Building Change Inc serves as a bridge between communities in need and the resources necessary to improve their living conditions and energy efficiency.
One of their key initiatives involves offering energy-efficient upgrades and weatherization services directly to low-to-moderate income homes in the Maryland counties of Anne Arundel, Calvert, Charles, Prince George's, and St. Mary's. This commitment to environmental sustainability and social equity is at the heart of Building Change Inc's mission, ensuring that every community they work with has the opportunity to live in a safe, energy-efficient, and well-maintained environment. By partnering with various stakeholders and leveraging technology, Building Change Inc is able to make a tangible impact on the lives of those in need, while also fostering a more sustainable future for all.
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Impact
July, 2024
Building Change Inc has a significant impact on local communities by improving the health, durability, and energy access of homes and buildings. Through the installation of energy-efficient upgrades and weatherization services, the organization directly benefits low-to-moderate-income households in several Maryland counties. Building Change Inc also works to connect these communities to new funding channels through technology, creating a more sustainable and efficient infrastructure for citizens.
This information is meant to be a general summary of Building Change 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: $15
- Gross Receipts: $1,312,788
Assets and Liabilities:
- Total Assets: $163,183
- Total Liabilities: $284,216
- Net Assets: -$121,033
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Organization Details
Founding Year
2016
Principal Officer
Jason Dispenza
Main Address
6802 PARAGON PLACE SUITE 410, RICHMOND, VA, 23230
Website
www.buildingchange.netNTEE Category
Code: U20 - Science research
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