Build Promise Inc

Nonprofit profile at a glance

EIN
834134785
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Buffalo, NY, USA
Phone
7163100815
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Centers

Reported finances

Revenue
$1,296,142
Expenses
$547,260
Assets
$5,607,596
Liabilities
$1,005,010

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

Leadership & pay

4 people listed

Executive titles in this filing

  • STUART HARPER (PRESIDENT)

Highest reported compensation

  • STUART HARPER (PRESIDENT): $133,875 total reported compensation

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

Overview

Mission

Provide year-round shelter and emergency shelter during code blue weather conditions as well as health and social service options throughout the year via partner agencies.

What it reported doing in 2024

See schedule obuild promise, inc. Exists to empower the underserved residents of buffalo by providing comprehensive services and opportunities that promote safety, health, and dignity. This will be accomplished through the construction of the build promise community access center, a 24,066 square foot facility to be located on sycamore street across from st. Luke's mission of mercy. The community center will provide shelter beds and a warm meal for homeless men, additional accommodations during cold weather, and a refresh spot where the men can shower, do laundry, secure fresh clothes, and use bathroom facilities. The community center also includes space for trusted partner agencies that will provide integrated delivery of wrap-around services and a health and wellness triage center to address both the needs of these men and of the community at large.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22%; rating input score 22
  • Program expense ratio: 39.4%; rating input score 39
  • Fundraising efficiency: $5.01 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 57.8%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 10.25; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 24.5%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 98.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 38.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 46.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 22% of revenue deployed · 39.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $215K in reported program spending
  • Leadership: top reported pay $134K · 4 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 22/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 39/100.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.