Building Community Value FY2023 filing

Tax-deductible

Detroit, MI501(c)(3)Community DevelopmentEIN 81-1718144Revenue $239K in FY2023

On file with the IRSbcvdetroit.org1401 W Fort St Unit 44344, 48244-3516 · Detroit, MITax-exempt since Jul 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Provide real estate training and ongoing technical assistance to residents of Detroit, Hamtramck and Highland Park Michigan

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
2 of 3
filings with a surplus
Average surplus $46K a year · 14% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
-32% vs prior year
Spent
$260K
To programs
100%
Net assets
$119K
By yearFY2020–FY2024
Revenue
$239K
FY2023▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2021$175K
FY2022$354K
FY2023$239K
FY2024$386K
Expenses
$260K
FY2023▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$334K
FY2023$260K
FY2024$247K
Net assets
$119K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$139K
FY2021$120K
FY2022$140K
FY2023$119K
FY2024$259K

From the FY2023 Form 990 · 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 Jul 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $260K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
$94,167Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Chase Cantrell’s $100K as Director is at the 72nd percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Chase Cantrell$100,000$94,167$79,217

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.

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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 15aNo

Programs and updates

Trains and assists residents in Detroit, Hamtramck, and Highland Park with real estate.

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Provided by the organization

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1 program · $260K · in their own filed words · FY2023
01

In 2023, Building Community Value hosted a real estate training program for over 30 participants. The training included 30 hours of in-class instruction, instructional videos, individual and group office hours, and access to curriculum materials through the Canvas platform.

$260Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$100K
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Gifts and grantsLn 1h$239K
Money outPt IX
$260K
Ln 25
Programscol B$260K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$167K
LiabilitiesLn 26$47K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$0
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$104K
Total assetsLn 16$167K
LiabilitiesLn 26$47K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$83K$63K
Land, buildings, equipmentLn 10c$104K$104K
Total assetsLn 16$188K$167K
LiabilitiesLn 26$47K$47K
Net assetsLn 32$140K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$94K$94K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$36K$36K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$10K$10K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$2K$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$64K$64K$0$0
Advertising and promotionLn 12$1K$1K$0$0
Office expensesLn 13$4K$4K$0$0
Information technologyLn 14$458$458$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$24$24$0$0
TravelLn 17$1K$1K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$26K$26K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$334$334$0$0
Other expenses (24a–d)Ln 24$21K$21K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$260K$260K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $386K$247K$140K$259K 990 PDF
FY2023 Viewing $239K$260K−$21K$119K 990 PDF
FY2022 $354K$334K$20K$140K 990 PDF
FY2021 $175K$120K 990 PDF
FY2020 $192K$139K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $239,270 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $354,336$239,270
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $354,336$239,270
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,609$139,992
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $206,477$120,391
I-18 Total expensesPrior year $334,086$260,383
I-19 Revenue less expensesPrior year $20,250−$21,113
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $239,270 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$239,270
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$239,270
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$239,270
Part IX · Statement of functional expenses $260,383 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $94,167 · Management $0 · Fundraising $0$94,167
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $35,810 · Management $0 · Fundraising $0$35,810
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $10,015 · Management $0 · Fundraising $0$10,015
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $2,150 · Management $0 · Fundraising $0$2,150
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $64,383 · Management $0 · Fundraising $0$64,383
IX-12 Advertising and promotionPrograms $1,187 · Management $0 · Fundraising $0$1,187
IX-13 Office expensesPrograms $3,619 · Management $0 · Fundraising $0$3,619
IX-14 Information technologyPrograms $458 · Management $0 · Fundraising $0$458
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $24 · Management $0 · Fundraising $0$24
IX-17 TravelPrograms $1,269 · Management $0 · Fundraising $0$1,269
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $26,447 · Management $0 · Fundraising $0$26,447
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $334 · Management $0 · Fundraising $0$334
IX-24 Other expenses (24a–d)Programs $20,520 · Management $0 · Fundraising $0$20,520
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $260,383 · Management $0 · Fundraising $0$260,383
Part X · Balance sheet $166,723 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $82,974$63,194
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,333$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $103,529$103,529
X-16 Total assetsStart of year $187,836$166,723
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $47,364$47,364
X-32 Total net assets or fund balancesStart of year $140,472$119,359
X-33 Total liabilities and net assetsStart of year $187,836$166,723
Part XI · Reconciliation of net assets $119,359 net assets at year end
XI-1 Total revenue$239,270
XI-2 Total expenses$260,383
XI-3 Revenue less expenses−$21,113
XI-4 Net assets at start of year$140,472
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,359

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

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