Overview
What is Building Credits?
Building Credits is a nonprofit organization situated in Everett, Washington, with the primary focus of managing and organizing tax credit entities. These entities are dedicated to developing, constructing, and maintaining low-income housing facilities. The mission of Building Credits is to promote affordable housing by actively participating, either directly or as a general partner/managing member, in tax credit entities involved in the acquisition, development, and management of such facilities.
Is Building Credits legitimate?
Building Credits is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Credits 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
What is the mission statement of Building Credits?
Building Credits' mission is centered around promoting affordable housing for low-income individuals. They achieve this by actively participating or acting as the main partner in tax credit entities that focus on the acquisition, development, and management of such housing facilities. The organization's goal is to foster low-income housing by utilizing tax credit entities, thereby contributing to the betterment of communities.
Who is the CEO of Building Credits?
Fred Safstrom is the Sec/Treas/Ceo of Building Credits. The CEO's salary of Building Credits is $0 and their total compensation is $0.
What is the revenue of Building Credits?
Building Credits's revenue in 2021 was $21,292.
Who are the executives of Building Credits and what are their salaries?
Here are 3 key members and their salaries (Building Credits's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Building Credits?
Building Credits's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Building Credits
Building Credits, as an organization, is committed to fostering the development of low-income housing facilities. They achieve this by actively involving themselves, either directly or as the general partner/managing member, in tax credit entities engaged in the acquisition, development, and management of such housing facilities. The mission of Building Credits is to make a significant impact on low-income communities by managing and organizing these tax credit entities, thereby providing much-needed housing solutions to those in need. By utilizing tax credit entities, Building Credits is able to leverage financial resources and incentives, making it possible to develop and manage high-quality, affordable housing for individuals and families who may not otherwise have access to such opportunities. In essence, Building Credits serves as a catalyst for positive change in low-income communities, providing a crucial service in the realm of affordable housing.
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Impact
August, 2024
Building Credits has a significant impact on fostering low-income housing through the organization and management of tax credit entities. By developing, building, and managing low-income housing facilities, Building Credits directly contributes to addressing the critical need for affordable housing in communities. This impact is crucial in providing safe and stable housing options for individuals and families who may otherwise struggle to find suitable accommodation.
This information is meant to be a general summary of Building Credits. 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 2021.
- Program Service Revenue: $21,292
- Gross Receipts: $21,292
Assets and Liabilities:
- Total Assets: $922,278
- Total Liabilities: $91,330
- Net Assets: $830,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MGT FEES
Revenue
$21,292
Organization Details
Founding Year
1994
Phone
(425) 347-6556Principal Officer
Fred Safstrom
Main Address
5830 EVERGREEN WAY, EVERETT, WA, 98203
NTEE Category
Code: L20Z - Housing
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