BUILDING COMMUNITIES INC

EIN: 815283538 501(c)(3) Housing & Shelter

River Edge, NJ

Total Revenue
$804,339
Total Expenses
$760,829
Total Assets
$345,531
Net Assets
$-229,205
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
Principal Officer
Gina Principato
Phone
2012250707
Tax Period
2024-11-01 to 2025-10-31

BUILDING COMMUNITIES INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $804K in total revenue in fiscal year 2024. Expenses of $761K left a modest 5% surplus.

Mission

Develop and manage vacant and underutilized properties for social good by providing for individuals and communities. The most significant activity is adaptive reuse of vacant convents to affordable senior housing.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,142
Program Service Revenue $726,651
Investment Income $65
Other Revenue $2,481
TOTAL REVENUE $804,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $447,240
Fundraising Expenses $0
Program Expenses $609,849
Other Expenses $313,589
TOTAL EXPENSES $760,829

Year-over-Year Comparison

2024 2023 Change
Revenue $804,339 $844,534 0.0%
Expenses $760,829 $908,154 -0.2%
Net Income $43,510 $-63,620 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
5
Employees
17
Volunteers
10

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
5
$112,400
Total Directors
5
$0
Key Employees
1
$112,400
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gina Principato Executive Director 40
Officer Key Emp Highest
$100,000 $12,400 $112,400
Eric Felczak Treasurer 1
Officer Director
$0 $0 $0
Arlene Faustini Secretary 1
Officer Director
$0 $0 $0
Keith Timko Vice Chair 1
Officer Director
$0 $0 $0
Mary Davis Trustee 1
Director
$0 $0 $0
Christina Oztan Chair 1
Officer Director
$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
2025 $804,339 $760,829 $345,531 $43,510
2024 $844,534 $908,154 $386,892 $-63,620
2023 $896,253 $873,110 $422,196 $23,143
2022 $698,024 $675,049 $426,834 $22,975
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