COMMUNITY BUILDERS CHARITABLE TRUST

As filed

Subsection

03

NTEE code

T70Z

Classification

1000

Street

33 ARCH ST STE 1000

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THIS TRUST HAS BEEN ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF THE COMMUNITY BUILDERS, INC., FORMERLY KNOWN AS GREATER BOSTON COMMUNITY DEVELOPMENT, INC., A CHARITABLE CORPORATION INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AND MEETING THE CLASSIFICATIONS OF SECTION 501 (C) (3) AND 170 (B) (1) (A) (VI) OF THE INTERNAL REVENUE CODE OF 1986. MORE SPECIFICALLY, THE PURPOSES FOR WHICH THIS TRUST IS ORGANIZED AND OPERATED ARE TO AID IN THE ACQUISITION, IMPROVEMENT (THROUGH REHABILITATION, NEW CONSTRUCTION OR OTHERWISE) AND MAKING AVAILABLE AT THE LOWEST POSSIBLE COST TO PERSON AND FAMILIES WITH LOW INCOME OF EVERY RACE, RELIGION AND NATIONALITY, OF HOUSING IN THE GREATER BOSTON METROPOLITAN AREA ELSEWHERE IN MASSACHUSETTS AND ELSEWHERE IN THE U.S., AND TO STIMULATE, BY EXAMPLE OR OTHERWISE, THE RENOVATION OR IMPROVEMENT OF PROPERTIES IN THE GREATER BOSTON METROPOLITAN AREA, ELSEWHERE IN MASSACHUSETTS AND ELSEWHERE IN THE U.S. AND GENERALLY TO PROMOTE NEIGHBORHOOD IMPROVEMENT FOR THE BENEFIT OF PERSONS OF LIMITED MEANS WHO DESIRE TO LIVE AND RAISE THEIR FAMILIES AND TO ENJOY SAFE, SANITARY AND ATTRACTIVE HOMES IN THE UNITED STATES. IN FURTHERANCE OF, AND IN ADDITION TO, THE PRIMARY PURPOSES OF TRUSTEES SHALL HAVE THE FOLLOWING POWERS:1. TO MAKE OUTRIGHT GRANTS OR LOANS OF ALL OR ANY PART OF THEIR FUNDS OR PROPERTY, WITH OR WITHOUT INTEREST, SECURED OR UNSECURED, IN FURTHERANCE OF OR IN CONNECTION WITH THE OBJECTIVES OF THE TRUST AND THE COMMUNITY BUILDERS, INC. FOR EXAMPLE, GRANTS OR LOANS MAY BE MADE TO PAY FOR LEGAL AID, ARCHITECTURAL FEES, LAND OPTIONS, PRELIMINARY ENGINEERING COSTS, VARIOUS OPERATION FEES TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OR THE MASSACHUSETTS HOUSING FINANCE AGENCY AND OTHER INITIAL COSTS WHICH MUST BE ADVANCED PRIOR TO THE RECEIPT OF MORTGAGE OR EQUITY FINANCING IN CONNECTION WITH THE DEVELOPMENT OR REDEVELOPMENT OF PROPERTY IN FURTHERANCE OF THE OBJECTIVES OF THE TRUST AND THE COMMUNITY BUILDERS, INC.2. TO ACT AS A CLEARING HOUSE FOR TECHNICAL INFORMATION AND SPECIFIC PROJECTS AND PLANS AND THEREBY HELP NEIGHBORHOOD LEADERS, RESIDENTS AND INSTITUTIONS IN OBTAINING AND UTILIZING (I) THE FINANCIAL BACKING OF INDIVIDUALS, CHARITABLE TRUSTS AND INSTITUTIONS, (II) THE ADVICE OF EXPERTS IN THE REAL ESTATE, BANKING AND CONSTRUCTION FIELDS AND (III) SUPPORT FROM COMMUNITY LEADERS AND GOVERNMENT AGENCIES AND OFFICIALS; SURVEYS AND DEMONSTRATION PLANS LEADING TO EFFECTIVE HOUSING IMPROVEMENT AND CONSTRUCTION PROGRAMS DIRECTED TOWARD THE ACHIEVEMENT OF THE GOALS OF THE TRUST AND THE COMMUNITY BUILDERS, INC. TO BE CARRIED OUT BY PRIVATE OR PUBLIC INSTITUTIONS AND AGENCIES.3. TO PAY INCOME AND PRINCIPAL TO THE COMMUNITY BUILDERS, INC. FOR ITS GENERAL CORPORATE PURPOSES;4. TO SOLICIT, RECEIVE AND ACQUIRE BY PURCHASE, GIFT DEVISE, BEQUEST, LEASE OR IN ANY OTHER MANNER, TO OWN, HOLD, RISE, MAINTAIN, IMPROVE AND OPERATE, AND TO SELL, LEASE, CONVEY AND OTHERWISE DISPOSE OF ANY MONEY OR OTHER PROPERTY, REAL OR PERSONAL, IN FURTHERANCE OF ANY OF THE FOREGOING CHARITABLE PURPOSES; 5. NO PART OF THE TRUST PROPERTY OR THE NET EARNINGS FROM IT SHALL INURE TO BE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF THIS TRUST OR ITS TRUSTEES IN THEIR CAPACITY AS SUCH TRUSTEES SHALL CONSIST OF CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION, OR OF PARTICIPATING IN OR INTERVENING IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS), AND POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. ANY OTHER PROVISION HEREIN CONTAINED NOT WITHSTANDING IF THE TRUST SHALL EVER BE CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509 THEN (1) THE TRUSTEES SHALL DISTRIBUTE SUCH AMOUNTS OF INCOME, AND PRINCIPAL IF NECESSARY, FOR EACH TAXABLE YEAR AT SUCH AMOUNTS OF INCOME, AND PRINCIPAL IF NECESSARY, FOR EACH TAXABLE YEAR AT SUCH TIME AND IN SUCH MANNER AS NOT TO BECOME SUBJECT TO THE TAX ON UNDISTRIBUTED INCOME IMPOSED BY SECTION 4942 AND (2) THE TRUSTEES ARE PROHIBITED FROM ENGAGING IN ANY ACT OR SELF-DEALING AS DEFINED IN SECTION 4941, FROM RETAINING ANY EXCESS BUSINESS HOLDINGS AS DEFINED IN SECTION 4943, FROM MAKING ANY INVESTMENT IN SUCH MANNER AS TO SUBJECT THIS TRUST TO TAX UNDER SECTION 4944 RELATING TO INVESTMENTS WHICH JEOPARDIZE THE CARRYING OUT OF CHARITABLE PURPOSES, AND FROM MAKING ANY TAXABLE EXPENDITURES AS DEFINED SECTION 4945.

  Expenses $70

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

• LOUIS MERCEDES

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.1 + 2 related

• D MORGAN WILSON

  TRUSTEE

  Total calculated

  $303,058

  From this org

  $0

  From related orgs

  $257,743

  Other

  $45,315

  Hours/week

  0.1 + 40 related

  Schedule J breakdown matched by us

  Base

  $0 + $256,623 related

  Bonus

  $0

  Other

  $0 + $1,120 related

  Deferred

  $0 + $10,675 related

  Nontaxable benefits

  $0 + $34,640 related

  Filer's total

  $0 + $303,058 related

• BETH ELLIOTT

  TRUSTEE

  Total calculated

  $201,770

  From this org

  $0

  From related orgs

  $192,944

  Other

  $8,826

  Hours/week

  0.1 + 40 related

  Schedule J breakdown matched by us

  Base

  $0 + $183,205 related

  Bonus

  $0 + $9,500 related

  Other

  $0 + $239 related

  Deferred

  $0 + $7,708 related

  Nontaxable benefits

  $0 + $1,118 related

  Filer's total

  $0 + $201,770 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $0

  Expenses

  $1,320

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $0

  Expenses

  $35

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $204,457

  Expenses

  $192,677

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $0

  Expenses

  $105

  Assets (EOY)

  $1,849,242

• 2020 · 990

  Revenue

  $0

  Expenses

  $35

  Assets (EOY)

  $1,849,277

• 2019 · 990

  Revenue

  $0

  Expenses

  $210

  Assets (EOY)

  $1,849,312

• 2017 · 990

  Revenue

  $107,195

  Expenses

  $1,618,768

  Assets (EOY)

  $1,849,417

• 2016 · 990

  Revenue

  $181,552

  Expenses

  $46

  Assets (EOY)

  $3,301,577

• 2015 · 990

  Revenue

  $25,168

  Expenses

  $225

  Assets (EOY)

  $3,120,071

• 2014 · 990

  Revenue

  $116,875

  Expenses

  $3,372

  Assets (EOY)

  $3,095,128

• 2013 · 990

  Revenue

  $133,161

  Expenses

  $3,683

  Assets (EOY)

  $2,997,892

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $66,725

  Assets (EOY)

  $2,935,423

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $285,000

  Assets (EOY)

  $2,549,501

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files