BUILDING BETTER FUTURES INC

EIN: 831437514 501(c)(3)

SOMMERSET, NJ

Total Revenue
$7,292
Total Expenses
$11,613
Total Assets
$884,402
Net Assets
$881,402
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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
2018
Legal Domicile
NJ
Principal Officer
JOHN CLARKE
Tax Period
2020-01-01 to 2020-12-31

BUILDING BETTER FUTURES INC, founded in 2018, is a micro nonprofit that reported $7K in total revenue in fiscal year 2020. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $12K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO FORSTER THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES THROUGH LOW INTEREST LOANS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,292
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $11,613
TOTAL EXPENSES $11,613

Year-over-Year Comparison

2020 2019 Change
Revenue $7,292 $5,771 +0.3%
Expenses $11,613 $20,048 -0.4%
Net Income $-4,321 $-14,277 -0.7%
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
N/A
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STANLEY PRICE Director 0.00
Director
$0 $0 $0
PHYLLIS STONE Director 0.00
Director
$0 $0 $0
IKE AGUDOSI President 0.00
Officer
$0 $0 $0
ANTHONY MINICK Vice President 0.00
Officer
$0 $0 $0
JOHN CLARKE Executive Dir. 0.00
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
2020 $7,292 $11,613 $884,402 $-4,321
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