BUILDING FUTURES INC

EIN: 010628266 501(c)(3) Human Services

Worcester, MA

Total Revenue
$2,554,032
Total Expenses
$1,873,133
Total Assets
$29,101,025
Net Assets
$11,257,129
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
Joseph Carlson
Phone
5086353115
Tax Period
2024-04-01 to 2025-03-31

BUILDING FUTURES INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $681K, a strong 27% operating margin.

Mission

To provide safe, affordable, and quality housing opportunities in Worcester, MA for low-income individuals and families and transform the lives of public housing or rent subsidized residents with no cost to affordable programs that provide educational, training, and employment skills.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $351,738
Program Service Revenue $0
Investment Income $97,884
Other Revenue $2,104,410
TOTAL REVENUE $2,554,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $386,894
Fundraising Expenses $0
Program Expenses $1,873,133
Other Expenses $1,486,239
TOTAL EXPENSES $1,873,133

Year-over-Year Comparison

2024 2023 Change
Revenue $2,554,032 $1,521,889 +0.7%
Expenses $1,873,133 $1,284,774 +0.5%
Net Income $680,899 $237,115 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$32,768
Total Directors
5
$40,884
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alex Corrales WHA CEO 0
Highest
$0 $144,541 $415,725
Peter Proulx WHA Assistant CEO 0
Highest
$0 $118,021 $339,449
Peter Fifield WHA CFO 0
Highest
$0 $91,465 $263,069
Esteban Alvarez Chief Facilities Officer 0
Highest
$0 $89,018 $256,031
Michael Murphy Director of Administration 0
Highest
$0 $83,516 $240,207
Joseph Carlson Chairman 1
Officer Director
$0 $120 $8,420
Joseph Capone Vice Chairman 1
Officer Director
$0 $116 $8,116
Jose Ramos Treasurer 1
Officer Director
$0 $116 $8,116
William Eddy Clerk/Secretary 1
Officer Director
$0 $116 $8,116
Rane Bracey-Westbrook Director 1
Director
$0 $116 $8,116
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,554,032 $1,873,133 $29,101,025 $680,899
2024 $1,521,889 $1,284,774 $18,871,085 $237,115
2023 $1,752,331 $1,686,779 $14,941,865 $65,552
2022 $1,032,429 $699,140 $12,101,842 $333,289
2021 $791,370 $462,347 $8,017,310 $329,023
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BUILDING FUTURES INC with other nonprofits in Massachusetts and across the country.