Community Builders INC FY2023 filing

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To develop housing for low income families.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$3.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.1M a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $4.0M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$160.1M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99.7M
+10% vs prior year
Spent
$99.0M
To programs
93%
Net assets
$32.6M
By yearFY2020–FY2024
Revenue
$99.7M
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$80.9M
FY2021$87.8M
FY2022$90.2M
FY2023$99.7M
FY2024$109.2M
Expenses
$99.0M
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$77.3M
FY2021$84.5M
FY2022$90.1M
FY2023$99.0M
FY2024$101.4M
Net assets
$32.6M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.2M
FY2021$27.7M
FY2022$33.4M
FY2023$32.6M
FY2024$41.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $92.3M Management & general 6% · $6.2M Fundraising 1% · $513K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$396,990Pt VII · Sec A
Executive Vice President of Real Estate
$386,679Pt VII · Sec A
Executive Vice President of Property
$330,013Pt VII · Sec A
Chief Investment Officer
$274,528Pt VII · Sec A
CFO/Treasurer
$272,963Pt VII · Sec A
General Counsel/Clerk (thru 12/23)
$247,268Pt VII · Sec A
Regional Vice President for Re
$243,573Pt VII · Sec A
Vice President of Development, Mid-A
$242,791Pt VII · Sec A

Bartholomew J Mitchell III’s $400K as President/CEO is at the 61st percentile of top reported officer pay among 33 $100M+ housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bartholomew J Mitchell III$400,118$396,990$418,997$384,477$428,000
Patricia Belden$343,812$386,679$364,079$311,998$261,539
Lisa Wilcox-Erhardt$306,962$330,013$317,508$278,446$296,231
Thomas Buonopane$247,012$274,528$260,847$222,269$250,623
D Morgan Wilson$257,743$272,963$264,067$233,414$252,231
Ethan Ceplikas—$247,268$211,783$190,218$196,192
Susan McCann——$169,079$224,146$244,662
Jesse Batus$214,529$243,573———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Community Builders INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops, rehabilitates, and manages affordable rental and homeownership housing to support low- and moderate-income families and strengthen local neighborhoods.

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1 program · $92.3M · in their own filed words · FY2023
01

The primary purpose of the corporation is to foster low- and moderate-income housing ("affordable housing") by acquiring, owning,developing, constructing, sponsoring, managing, improving (through rehabiliation, new construction or otherwise) and making available rental and homeownership housing at an affordable cost to low- and…

$92.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 2 grants · $30K · 2022–2022

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $21.3M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$13.3M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through City of Durham and 5 more$4.6M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Durham and 5 more$1.5M
Choice Neighborhoods Implementation GrantsDepartment of Housing and Urban Development · ALN 14.889 · Through The Cuyahoga Metropolitan Housing Authority and 1 more$1.2M
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$585K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Dec 2024 · $36.1M federal money spent
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$13.6M
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$13.3M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through City of Durham and 4 more$3.3M
Mortgage Insurance Rental HousingDepartment of Housing and Urban Development · ALN 14.134 · Direct$2.6M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Durham and 5 more$1.5M

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Dec 2023 · $41.6M federal money spent
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$14.2M
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$13.3M
Hud Unknown ProgramDepartment of Housing and Urban Development · ALN 14.U01 · Through City of Chicago, Chicago Housing Authority$8.0M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through City of Durham and 4 more$3.3M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Durham and 4 more$1.5M

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Dec 2022 · $37.1M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$13.3M
Hud Unknown ProgramDepartment of Housing and Urban Development · ALN 14.U01 · Through City of Chicago, Chicago Housing Authority$8.0M
Capital Magnet FundDepartment of the Treasury · ALN 21.011 · Direct$5.3M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Illinois Housing Development Authority$4.1M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through City of Durham and 4 more$3.3M

Plus 4 smaller programs.

The auditor reported 2 findings: a material weakness in money controls, questioned costs.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$99.7M
Ln 12
Fees for servicesLn 2g$83.6M
Gifts and grantsLn 1h$15.1M
Investment incomeLn 3$664K
Money outPt IX
$99.0M
Ln 25
Programscol B$92.3M
Managementcol C$6.2M
Fundraisingcol D$513K
Owns and owesPt X
$32.6M
net assets · Ln 32
Cash and savingsLn 1–2$40.4M
Total assetsLn 16$192.7M
LiabilitiesLn 26$160.1M
PeoplePt VI, VII
33
listed · VII A
PaidVII A11
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.1M
Government grantsLn 1e$2.5M
Fundraising eventsLn 1c$463K
Fees for servicesLn 2g$83.6M
Investment incomeLn 3$664K
Other incomeLn 4–11$254K
Gains on assetsLn 7$7K
Total revenueLn 12$99.7M
Assets in detailPt X, end of year
CashLn 1$40.4M
Cash and savings togetherLn 1–2$40.4M
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$62.9M
Other assetsLn 15$16.2M
Total assetsLn 16$192.7M
LiabilitiesLn 26$160.1M
Net assetsLn 32$32.6M
OperationsPt I, VI
EmployeesI 5708
VolunteersI 641
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$41.4M$40.4M
InvestmentsLn 11–13$3.3M$3.5M
Land, buildings, equipmentLn 10c$42.3M$62.9M
Total assetsLn 16$168.2M$192.7M
LiabilitiesLn 26$134.7M$160.1M
Net assetsLn 32$33.4M$32.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.3M$2.1M$192K$16K
Other salaries and wagesLn 7$50.3M$45.6M$4.4M$364K
Pension plan contributionsLn 8$1.0M$934K$63K$5K
Other employee benefitsLn 9$6.1M$5.7M$383K$30K
Payroll taxesLn 10$4.9M$4.5M$387K$28K
Legal feesLn 11b$160K$155K$5K
Accounting feesLn 11c$2.3M$2.1M$203K
Other fees for servicesLn 11g$1.1M$1.1M$21K
Office expensesLn 13$1.2M$842K$308K$10K
Information technologyLn 14$321K$313K$9K
OccupancyLn 16$5.5M$5.3M$69K$52K
TravelLn 17$832K$816K$14K$2K
Conferences, conventions and meetingsLn 19$1.3M$1.3M$73K$5K
InterestLn 20$1.8M$1.7M$67K
Depreciation, depletion and amortizationLn 22$635K$634K$1K
InsuranceLn 23$1.7M$1.6M$56K$2K
Other expenses (24a–d)Ln 24$17.0M$17.0M$20$42
All other expensesLn 24e$663K$663K
Total functional expensesLn 25$99.0M$92.3M$6.2M$513K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 7, 2025 $109.2M$101.4M$7.8M$41.5M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $99.7M$99.0M$604K$32.6M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $90.2M$90.1M$116K$33.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $87.8M$84.5M$3.3M$27.7M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $80.9M$77.3M$3.6M$26.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $99,652,501 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,912,189$15,129,506
I-9 Program service revenuePrior year $79,885,618$83,604,936
I-10 Investment incomePrior year −$1,200$663,793
I-11 Other revenuePrior year $434,522$254,266
I-12 Total revenuePrior year $90,231,129$99,652,501
I-13 Grants and similar amounts paidPrior year $65,734$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $58,453,851$64,679,918
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,595,666$34,368,822
I-18 Total expensesPrior year $90,115,251$99,048,740
I-19 Revenue less expensesPrior year $115,878$603,761
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $99,652,501 across 9 lines filed
Lines not itemized here account for $311,685 of total revenue; see the IRS return.
VIII-1c Fundraising events$462,650
VIII-1e Government grants$2,546,224
VIII-1f All other contributions, gifts and grants$12,120,632
VIII-1h Total contributions, gifts and grants$15,129,506
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,477,840 · Unrelated business $127,096$83,604,936
VIII-3 Investment incomeExcluded from tax $656,475$656,475
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,318$7,318
VIII-8 Net income from fundraising eventsExcluded from tax −$57,419−$57,419
VIII-12 Total revenueRelated to mission $83,789,525 · Unrelated business $127,096 · Excluded from tax $606,374$99,652,501
Part IX · Statement of functional expenses $99,048,740 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,074,976 · Management $192,416 · Fundraising $15,924$2,283,316
IX-7 Other salaries and wagesPrograms $45,591,610 · Management $4,374,037 · Fundraising $363,653$50,329,300
IX-8 Pension plan contributionsPrograms $934,280 · Management $62,572 · Fundraising $4,909$1,001,761
IX-9 Other employee benefitsPrograms $5,723,202 · Management $383,302 · Fundraising $30,074$6,136,578
IX-10 Payroll taxesPrograms $4,513,857 · Management $387,175 · Fundraising $27,931$4,928,963
IX-11b Legal feesPrograms $154,798 · Management $5,189$159,987
IX-11c Accounting feesPrograms $2,072,817 · Management $202,519$2,275,336
IX-11g Other fees for servicesPrograms $1,124,950 · Management $21,292$1,146,242
IX-13 Office expensesPrograms $841,888 · Management $308,163 · Fundraising $9,527$1,159,578
IX-14 Information technologyPrograms $312,610 · Management $8,874$321,484
IX-16 OccupancyPrograms $5,329,802 · Management $69,208 · Fundraising $52,030$5,451,040
IX-17 TravelPrograms $815,944 · Management $14,389 · Fundraising $1,763$832,096
IX-19 Conferences, conventions and meetingsPrograms $1,259,516 · Management $73,268 · Fundraising $4,859$1,337,643
IX-20 InterestPrograms $1,705,677 · Management $67,239$1,772,916
IX-22 Depreciation, depletion and amortizationPrograms $633,579 · Management $1,278$634,857
IX-23 InsurancePrograms $1,594,747 · Management $55,701 · Fundraising $2,322$1,652,770
IX-24 Other expenses (24a–d)Programs $16,961,540 · Management $20 · Fundraising $42$16,961,602
IX-24e All other expensesPrograms $663,271$663,271
IX-25 Total functional expensesPrograms $92,309,064 · Management $6,226,642 · Fundraising $513,034$99,048,740
Part X · Balance sheet $192,738,242 assets, 15 lines filed
Asset lines not itemized here account for $34,693,987; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $41,350,900$40,443,859
X-4 Accounts receivableStart of year $34,083,608$34,123,670
X-9 Prepaid expenses and deferred chargesStart of year $707,156$920,292
X-10c Land, buildings and equipment, netStart of year $42,278,410$62,858,304
X-13 Program-related investmentsStart of year $3,288,781$3,452,317
X-15 Other assetsStart of year $19,155,335$16,245,813
X-16 Total assetsStart of year $168,160,745$192,738,242
X-17 Accounts payable and accrued expensesStart of year $19,682,941$23,200,425
X-19 Deferred revenueStart of year $13,398,076$16,457,744
X-25 Other liabilitiesStart of year $33,568,064$31,004,646
X-26 Total liabilitiesStart of year $134,730,172$160,091,204
X-27 Net assets without donor restrictionsStart of year $25,944,910$15,902,406
X-28 Net assets with donor restrictionsStart of year $7,485,663$16,744,632
X-32 Total net assets or fund balancesStart of year $33,430,573$32,647,038
X-33 Total liabilities and net assetsStart of year $168,160,745$192,738,242
Part XI · Reconciliation of net assets $32,647,038 net assets at year end
XI-1 Total revenue$99,652,501
XI-2 Total expenses$99,048,740
XI-3 Revenue less expenses$603,761
XI-4 Net assets at start of year$33,430,573
XI-9 Other changes in net assets−$1,387,296
XI-10 Net assets at end of year$32,647,038

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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