Build Galveston

Nonprofit profile at a glance

EIN
854187449
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Galveston, TX, USA
Phone
4092409177
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$230,106
Expenses
$398,574
Assets
$281,593
Liabilities
$21,248

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Cate Black (President)
  • Vincent Lorefice (Vice President)
  • Marshall Tyndall (Past President)
  • Christine Bryant (Executive Director (as of 11/24))
  • Tyler Robert (Executive Director (thru 11/24))

Highest reported compensation

  • Christine Bryant (Executive Director (as of 11/24)): $191,338 total reported compensation
  • Tyler Robert (Executive Director (thru 11/24)): $119,389 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Build Galveston is a nonprofit community development corporation focused on developing attainable workforce housing for Galveston's first responders, teachers, healthcare and hospitality workers.

What it reported doing in 2024

Build Galveston (BG) is Galveston island's singular nonprofit focused on workforce housing. BG is committed to the island becoming a more diverse and equitable community. Anyone who works in Galveston - first responders, teachers, healthcare workers, and young families - should be able to afford to live in homes in healthy neighborhoods on the island. To make this happen, Build Galveston is acting to connect, leverage, and utilize resources to strengthen our community's social, physical, and economic environment.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 71
  • Accountability: 71
  • Sustainability: 15
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 62.3%; rating input score 62
  • Fundraising efficiency: $33.72 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 60th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 26th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -73.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 34.1%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 54.8% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -40.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -20.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 62.3% of spending went to programs
  • Governance: 15 of 16 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $248K in reported program spending
  • Leadership: top reported pay $191K · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.