Boston Building Material Coop Charitable & Educational Fund Inc
- Assets
- $2.7m
- Revenue
- $950.7k
- Investments
- $3.0k
- Employees
- 10
- Location
- Roxbury Crossing, MA
- Founding
- 03/1982
- Data as of
- 12/2023
- 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 12/2023, Boston Building Resources - Reuse Center employed 10 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 12/2023, Boston Building Resources - Reuse Center generated $950.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND HELPS LOW- AND MODERATE-INCOME HOMEOWNERS REPAIR AND MAINTAIN HOMES BY PROVIDING REUSED, 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 1,500 LOW- AND MODERATE-INCOME HOMEOWNERS AND GRASSROOTS NONPROFIT ORGANIZATIONS BY PROVIDING USED AND SURPLUS BUILDING MATERIALS AT APPROXIMATELY 25% OF FAIR MARKET VALUE. THE FUND RECEIVED IN-KIND DONATIONS OF BUILDING MATERIALS WITH A FAIR MARKET VALUE OF $2,164,844 IN 2023. DONATIONS CAME FROM MORE THAN 1,000 HOMEOWNERS, CONTRACTORS, RETAILERS AND MANUFACTURERS.
THE FUNDS WORKSHOPS TEACH SKILLS HOMEOWNERS CAN USE TO MAKE IMPROVEMENTS AND REPAIRS TO THEIR HOMES. TAUGHT BY PROFESSIONAL CONTRACTORS, WORKSHOPS COVER TOPICS SUCH AS WORKING WITH A CONTRACTOR, INTRO TO TOOLS FOR WOMEN, USING A ROUTER, TILING, HOME WEATHERIZATION, AND DRYWALL INSTALLATION. DURING 2023, 253 INDIVIDUALS PARTICIPATED IN 50 WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kord H Jablonski President/exec Dir | OfficerTrustee | 20 | $67,532 |
Michael Orbank Chair | OfficerTrustee | 3 | $0 |
Deanne Dupont Treasurer (former As Of 6/25/24) | OfficerTrustee | 3 | $0 |
Alexandra Kramer Clerk | OfficerTrustee | 3 | $0 |
Richard Ames Trustee | Trustee | 0.5 | $0 |
Ann Finnerty Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landmark Construction Corp Construction | 12/30/20 | $758,253 |
Black River Archetects Architecture | 12/30/20 | $156,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,944 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $851,896 |
| Noncash contributions included in lines 1a–1f | $583,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,840 |
| Total Program Service Revenue | $40,451 |
| Investment income | $15,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,442 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,685 |
| 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. | $72,500 |
| Compensation of current officers, directors, key employees. | $14,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,996 |
| Pension plan accruals and contributions | $5,009 |
| Other employee benefits | $61,794 |
| Payroll taxes | $48,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,942 |
| Office expenses | $15,501 |
| Information technology | $16,573 |
| Royalties | $0 |
| Occupancy | $63,794 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,042 |
| Insurance | $18,814 |
| All other expenses | $11,544 |
| Total functional expenses | $1,056,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,209 |
| Savings and temporary cash investments | $556,645 |
| Pledges and grants receivable | $8,246 |
| Accounts receivable, net | $1,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,504 |
| Prepaid expenses and deferred charges | $3,100 |
| Net Land, buildings, and equipment | $1,907,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,738,541 |
| Accounts payable and accrued expenses | $79,954 |
| Grants payable | $0 |
| Deferred revenue | $4,417 |
| 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 | $84,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,338 |
| Total liabilities | $218,687 |
| Net assets without donor restrictions | $2,347,233 |
| Net assets with donor restrictions | $172,621 |
| 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 | $2,738,541 |