BUILDING BLOCKS INC

EIN: 452367198 501(c)(3) Housing & Shelter

MINNEAPOLIS, MN

Total Revenue
$761
Total Expenses
$7,615
Total Assets
$1,947,612
Net Assets
$1,690,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MN
Principal Officer
DEVEAN GEORGE
Phone
6122141557
Tax Period
2023-01-01 to 2023-12-31

BUILDING BLOCKS INC, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $761 in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 901% operating deficit.

Mission

TO PROVIDE HIGH-QUALITY, LOW COST HOUSING TO INDIVIDUALS AND FAMILIES IN NORTH MINNEAPOLIS; PRODUCE POSITIVE HEALTHY LIVING PROGRAMMING FOR NORTH MINNEAPOLIS'S YOUTH;AND CREATE ECONOMIC OPPORTUNITY AND LOWER BARRIERS TO ENTRY FOR ASPIRING BUSINESS OWNERS IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $512

HOUSING-THE COMMONS AT PENN APARTMENT BUILDING BEGAN LEASE UP AT THE BEGINNING OF 2016, AND ALL 47 UNITS WERE LEASED BY THE END OF APRIL, 2016. THESE APARTMENTS PROVIDE STABLE HOUSING TO RESIDENTS...

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HOUSING-THE COMMONS AT PENN APARTMENT BUILDING BEGAN LEASE UP AT THE BEGINNING OF 2016, AND ALL 47 UNITS WERE LEASED BY THE END OF APRIL, 2016. THESE APARTMENTS PROVIDE STABLE HOUSING TO RESIDENTS WHOSE INCOMES ARE BELOW 50% OF THE AREA MEDIAN INCOME. THE BUILDING CONTINUED TO BE FULLY LEASED THROUGH THE REMAINDER OF 2016 AND CONTINUED TO BE FULLY LEASED THROUGH 2018. PLANS HAVE BEGUN FOR A SECOND PHASE OF AFFORDABLE APARTMENTS IN NORTH MINNEAPOLIS. THE GROUND BREAKING FOR PHASE II "PENN AVE UNION" HAPPENED IN JUNE 2019. THIS WILL BE 64 UNITS OF AFFORDABLE HOUSING. PENN AVE UNION IS SCHEDULED TO BE COMPLETED IN OCT-NOV 0F 2020. COMMONS AT PENN CONTINUES TO BE FULLY LEASED. HEALTHY LIVING-WIRTH CO-OP SIGNED A LEASE IN AUGUST OF 2016 TO OCCUPY THE COMMERCIAL SPACE IN COMMONS AT PENN. THIS ORGANIZATION WILL PROVIDE GROCERIES TO AN AREA OF NORTH MINNEAPOLIS THAT IS A FEDERALLY DECLARED FOOD DESERT. CORE GROCERIES WILL BE SET AT AN AFFORDABLE PRICE, AND CULTURALLY SENSITIVE FOOD ITEMS WILL BE PRESENT IN THE STORE. BUILDING BLOCKS RECEIVED RENT FROM THE WIRTH COOP THROUGH JULY, 2019 AT WHICH TIME THE COOP CLOSED TEMPORARILY. IT WAS ANNOUNCED IN JAN OF 2019 THAT THE COOP WILL NOT BE REOPENING. THE SPACE WILL NOW BE USED BY HENNEPIN COUNTY FOR A FOOD SHELF. NEW LEASE SIGNED WITH HENNEPIN COUNTY FOR THIS SPACE BEGINNING JAN 8, 2019. THE FOOD SHELF HAS BEEN WIDELY SUCCESSFUL AND CONTINUES TO BE A WELCOME ADDITIONAL SERVICE TO THE RESIDENTS AND COMMONS AT PENN AND THE SURROUNDING COMMUNITY. HENNEPIN COUNTY HAS RECENTLY SIGNED AN EXTENSION TO THE LEASE OF THE SPACE UNTIL FEB 2023. YOUTH MENTORSHIP-BUILDING BLOCKS PROVIDED AFTER SCHOOL PROGRAMMING FOR COMMONS AT PENN RESIDENTS BEGINNING IN MARCH OF 2016, IN PARTNERSHIP WITH OPPORTUNITY NEIGHBORHOOD DEVELOPMENT CORPORATION, A NONPROFIT ORGANIZATION THAT SPECIALIZES IN PROVIDING AFTER SCHOOL PROGRAMMING IN LOW INCOME HOUSING. PROGRAMMING WAS PROVIDED 4 DAYS PER WEEK AND INCLUDES A HEALTHY SNACK, HOMEWORK ASSISTANCE, AND A ROTATING SCHEDULE OF MENTORSHIP OPPORTUNITIES. IN JAN 2018 BUILDING BLOCKS TRANSITIONED TO A NEW AFTER SCHOOL PROGRAM THROUGH VIZION THE FUTURE THROUGH OCT 2018. THE PROGRAM IS CURRENTLY ON PAUSE AND WILL BEGIN AGAIN IN THE FALL OF 2020.. THERE ARE CURRENTLY LIMITATIONS ON THE PROGRAM DUE TO THE SIZE OF THE CURRENT SPACE. AS THE NEW PHASE IS OPEN THE PROGRAMMING WILL BE TRANSFERRED TO THAT FACILITY AND THE SIZE OF THE SPACE WILL INCREASE FROM 400-500 SQ FT TO 4000-5000 SQ FT. THE CURRENT SPACE SIZE WAS A CONCESSION MADE IN ORDER TO ALLOW EXTRA SPACE FOR THE COOP FOOTPRINT. EXECUTIVE DIRECTOR OF BUILDING BLOCKS, DEVEAN GEORGE CONTINUES TO DO MOBILE MENTORSHIP OF LOCAL YOUTH AT AFTER SCHOOL PROGRAMS AND CAMPS. HE IS ORGANIZING EVENTS FOR YOUTH FOR FALL TO INCLUDE TRIPS TO MUSEUMS, TIMBERWOLVES GAMES AND COOKING CLASSES. DISCUSSIONS ARE IN PROCESS FOR A JOINT VENTURE WITH "MIND THE GAP".

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $757
Program Service Revenue $0
Investment Income $4
Other Revenue $0
TOTAL REVENUE $761

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,025
Program Expenses $512
Other Expenses $7,615
TOTAL EXPENSES $7,615

Year-over-Year Comparison

2023 2022 Change
Revenue $761 $1,385 -0.5%
Expenses $7,615 $13,456 -0.4%
Net Income $-6,854 $-12,071 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARCHIE GIVENS DIRECTOR 2.00
Director
$0 $0 $0
DEVEAN GEORGE PRESIDENT 20.00
Officer
$0 $0 $0
BILL BEARD TREASURER 2.00
Officer
$0 $0 $0
TERRANCE JONES VICE PRESIDENT 2.00
Officer
$0 $0 $0
JASON BECKENDORF SECRETARY 2.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $761 $7,615 $1,947,612 $-6,854
2023 $2,849,039 $7,615 $1,947,612 $2,841,424
2022 $1,385 $13,456 $1,949,894 $-12,071
2021 $51,248 $48,941 $1,969,164 $2,307
2020 $148,312 $51,433 $1,966,858 $96,879
2019 $105,808 $35,919 $1,899,165 $69,889
2018 $190,054 $110,714 $1,865,811 $79,340
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