Cheqbuilt Inc
Nonprofit profile at a glance
- EIN
- 991317764
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Washburn, WI, USA
- Phone
- 7153925127
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $124,000
- Expenses
- $71,490
- Assets
- $162,618
- Liabilities
- $140
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- KELLIE PEDERSON (BOARD PRESID)
- JENNIFER TORIBIO-WARREN (BOARD VICE P)
- MILLIE ROUNSVILLE (BOARD TREASU)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The chequamegon bay united impact land trust (cheqbuilt) is an emerging community land trust (clt) dedicated to increasing the inventory of permanently affordable homes for residents across the chequamegon bay region of lake superior.
What it reported doing in 2025
Provided services in effort to increase the inventory of permanently affordable homes for residents across the chequamegon bay region of lake superior.
Operating model
- Revenue model
- Donor-supported. 100% 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
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.5%; rating input score 55
- Program expense ratio: 94.5%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 42.3%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 2.27; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 12% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 38.6% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 54.5% of revenue deployed · 94.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $68K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.