Build With Purpose Inc
- Assets
- $9.5m
- Revenue
- $26.4k
- Investments
- $0.0
- Employees
- 22
- Location
- Edison, NJ
- Founding
- 07/2004
- Data as of
- 09/2019
- EIN
- 14-1882064
Organization Overview
Build With Purpose Inc is located in Edison, NJ. The organization was established in 2004. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 09/2016, Build With Purpose Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Build With Purpose Inc 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 09/2019, Build With Purpose Inc generated $26.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $4.6k during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (71.3%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE REAL ESTATE DEVELOPMENT AND CONSULTING SERVICES WITH A FOCUS ON COMMUNITY AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD WITH PURPOSE, INC. AND ITS SUBSIDIARIES WORK TO BUILD SUSTAINABLE ORGANIZATIONS AND HEALTHY, VIBRANT COMMUNITIES THROUGH REAL ESTATE DEVELOPMENT AND OPERATION. BUILD WITH PURPOSE PROVIDES GUIDANCE AND DIRECT DEVELOPMENT ASSISTANCE ON FACILITY PROJECTS PRIMARILY TO OTHER TAX EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Keenan President | OfficerTrustee | 40 | $160,240 |
Candace Faunce CFO | Officer | 40 | $128,212 |
Steven Ramiza Chair, Secretary | OfficerTrustee | 1 | $0 |
Brian Hague Trustee | Trustee | 1 | $0 |
Keith Timko Trustee | Trustee | 1 | $0 |
L David Ricci Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $26,376 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,376 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42 |
| Office expenses | $0 |
| Information technology | $147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045 |
| Savings and temporary cash investments | $1,021,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $529,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,903,943 |
| Total assets | $9,474,267 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $226,173 |
| Unsecured mortgages and notes payable | $345,711 |
| Other liabilities | $1,206 |
| Total liabilities | $578,090 |
| Net assets without donor restrictions | $256,151 |
| Net assets with donor restrictions | $8,640,026 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,896,177 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Build With Purpose Inc has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
Catholic Human Services Foundation Pittstown, NJ PURPOSE: FUNDING FOR BATHROOM FIXTURES FOR AGENCY IMPROVING AND REVITALIZING COMMUNITIES THROUGH REDEVELOPMENT PROJECTS | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Housing Resources For Wny Inc Buffalo, NY | $19,065,783 | $9,706,045 |
Skills Group State College, PA | $1,119,024 | $4,201,862 |
Urban Homesteading Assistance U-Hab New York, NY | $22,567,272 | $3,104,949 |
Hanac Spiti Management Company Inc Astoria, NY | $680,394 | $2,214,088 |
St Luke Services Corporation Oswego, NY | $1,164,061 | $2,696,368 |
Senior Citizens Housing Committee Inc Greenlawn, NY | $15,044,248 | $2,702,685 |
479 Courtlandt Avenue Housing Development Fund Corporation Bronx, NY | $2,079,159 | $407,298 |
3948 Amboy Rd Realty Corp Staten Island, NY | $1,997,483 | -$42,179 |
St George Management Corp Philadelphia, PA | $144,741 | $81,586 |
Middletown Redevelopment Corporation Middletown, NJ | $0 | $32,696 |
The Pennsylvania Building Officials Conference Bethlehem, PA | $156,451 | $0 |
Ktd Home Ownership Maximization Enterprise Corp Spring Valley, NY | $5,459,667 | $2,800,083 |