Boston Building Material Coop Charitable & Educational Fund Inc
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Roxbury Crossing, MA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 04-2749815
Organization Overview
Boston Building Material Coop Charitable & Educational Fund Inc, operating under the name Boston Building Resources - Reuse Center, is located in Roxbury Crossing, MA. The organization was established in 1982. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Boston Building Resources - Reuse Center employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Building Resources - Reuse Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Boston Building Resources - Reuse Center generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $822.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND HELPS LOW- AND MODERATE-INCOME HOMEOWNERS REPAIR AND MAINTAIN HOMES BY PROVIDING RECYCLED, AFFORDABLE BUILDING MATERIALS, PROMOTING SOCIAL WELFARE WITH COMMUNITY STABILITY, AND REVITALIZING NEIGHBORHOODS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND SERVED 1,717 LOW- AND MODERATE-INCOME HOMEOWNERS AND GRASSROOTS NONPROFIT ORGANIZATIONS BY PROVIDING SURPLUS BUILDING MATERIALS AT APPROXIMATELY 25% OF FAIR MARKET VALUE. THE FUND ACCEPTED IN-KIND BUILDING MATERIALS WITH A FAIR MARKET VALUE OF $2,125,135 IN 2021. DONATIONS CAME FROM 1,338 HOMEOWNERS, CONTRACTORS, RETAILERS AND MANUFACTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew J St Onge President And Exec Dir | OfficerTrustee | 20 | $51,161 |
Richard Ames Chair | OfficerTrustee | 3 | $0 |
Deanne B Dupont Treasurer | OfficerTrustee | 3 | $0 |
Ann Finnerty Co-Clerk | OfficerTrustee | 2 | $0 |
Marcia Peters Co-Clerk | OfficerTrustee | 2 | $0 |
Sonia Allon-Singh Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Black River Archetects Architecture | 12/30/20 | $156,011 |
Landmark Construction Corp Construction | 12/30/20 | $758,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,855 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,478,460 |
| Noncash contributions included in lines 1a–1f | $1,119,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,570,741 |
| Total Program Service Revenue | $2,463 |
| Investment income | $490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,794 |
| Net Gain/Loss on Asset Sales | $29,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,647,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,211 |
| Compensation of current officers, directors, key employees. | $27,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,559 |
| Pension plan accruals and contributions | $7,003 |
| Other employee benefits | $62,491 |
| Payroll taxes | $36,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,066 |
| Office expenses | $13,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,449 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,895 |
| Insurance | $6,890 |
| All other expenses | $36,646 |
| Total functional expenses | $822,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $436,979 |
| Pledges and grants receivable | $25,375 |
| Accounts receivable, net | $50,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,510 |
| Prepaid expenses and deferred charges | $6,370 |
| Net Land, buildings, and equipment | $2,061,009 |
| Investments—publicly traded securities | $2,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,743,719 |
| Accounts payable and accrued expenses | $65,001 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $255,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $320,419 |
| Net assets without donor restrictions | $2,418,272 |
| Net assets with donor restrictions | $5,028 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,743,719 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boston Building Material Coop Charitable & Educational Fund Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rcap Solutions Inc Worcester, MA | $9,084,523 | $86,440,230 |
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |