Overview
What is Building Better Futures Inc?
Building Better Futures Inc, located in Somerset, New Jersey, is a nonprofit organization committed to fostering the development of affordable housing for low to moderate income families. They achieve this goal by providing low-interest financing. This support is instrumental in making homeownership or rental accommodations more accessible, thereby enhancing living standards for qualified individuals. The organization's mission underscores its dedication to improving the housing situation for a significant segment of the population.
Is Building Better Futures Inc legitimate?
Building Better Futures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Better Futures 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.
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What is the mission statement of Building Better Futures Inc?
Building Better Futures Inc is committed to fostering the development of affordable housing for families with low to moderate incomes. They achieve this objective by offering low-interest loans. The organization has demonstrated its mission by providing financial support in the form of low-interest loans to qualified individuals, thereby facilitating the construction of affordable housing. By doing so, Building Better Futures Inc contributes to addressing the housing needs of a significant portion of the population, thereby promoting economic stability and improving the overall quality of life for these families.
Who is the CEO of Building Better Futures Inc?
John Clarke is the Director of Building Better Futures Inc.
What is the revenue of Building Better Futures Inc?
Building Better Futures Inc's revenue in 2020 was $7,292.
Who are the executives of Building Better Futures Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Building Better Futures Inc?
Building Better Futures Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Building Better Futures Inc
Building Better Futures Inc is dedicated to fostering the development of affordable housing for families falling under the low to moderate income bracket. Through their mission, they provide low-interest loans as a means of support. This strategic approach enables qualified individuals to secure housing that is within their financial reach, thereby contributing to their overall well-being and stability. By offering these low-interest financing options, Building Better Futures Inc plays a significant role in making affordable housing a reality for many families, thereby improving their living conditions and potentially paving the way for a better future.
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Impact
October, 2024
Building Better Futures Inc has a significant impact on low to moderate-income families by facilitating access to affordable housing through low-interest loans. By providing financial support, the organization empowers individuals and families to achieve homeownership, which is crucial for stability and community development. This initiative not only alleviates the housing burden for many but also fosters a sense of belonging and investment in the community. In Somerset, NJ, their efforts contribute to a more equitable housing landscape, enabling families to secure safe and affordable living conditions. The focus on affordable housing plays a critical role in improving the overall quality of life for those they serve.
This information is meant to be a general summary of Building Better Futures 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 2020.
- Program Service Revenue: $7,292
- Gross Receipts: $7,292
Assets and Liabilities:
- Total Assets: $884,402
- Total Liabilities: $3,000
- Net Assets: $881,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$7,292
Organization Details
Founding Year
2018
Principal Officer
John Clarke
Main Address
25 PARKSIDE STREET, SOMMERSET, NJ, 08873
NTEE Category
Code: L80 - Housing
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