.png)
2024 Impact Report
CEO UPDATE
_edited.png)
Dear friend,
We are celebrating 60 years of Innovating for Impact at The Community Builders! Since 1964, our innovative partnerships have built or preserved homes for over 30,000 households in 30 metro areas across the Great Lakes, Mid-Atlantic, Midwest, New England, and New York/New Jersey. We’ve also created space for local entrepreneurs to thrive and operate shops, restaurants and schools that make good neighborhoods great.
With support from donors like you, TCB Community Life resident initiatives are advancing equity and opportunity for children, adults and seniors. Community Life coaches help residents pursue their dreams with better credit scores, increased savings, and more social connections. Your gifts to TCB Community Life open new doors to health, wealth and opportunity.
This year, TCB welcomed more than 615 families to new homes, for example, an historic school conversion in Pittsburgh, Boston’s largest permanent supportive housing site, a Jersey City midrise with sweeping views of Manhattan.
Sixty years after our founding, The Community Builders’ vision remains clear: a world with vibrant, safe and inclusive neighborhoods in which all people live in healthy homes, with equitable access to resources and opportunities to pursue their dreams.
I am proud to share our impact in 2024 and the lives that have been transformed by TCB.
Thank you,
Bart Mitchell | President and CEO
.png)
INNOVATING FOR IMPACT
25,000+ CHILDREN, ADULTS, AND SENIORS CALL A TCB COMMUNITY HOME.
RESIDENT SPOTLIGHT
Regina, From Renter to Homeownership Ready
“Everything” — that’s what generational wealth means to Regina, a TCB resident and mother of two who has lived in affordable housing for 28 years. In 2022, Regina began working with our CL team and TCB’s ‘Our Doors to Yours’ (ODTY) initiative to turn her aspirations of transitioning from a renter to homeowner — into a reality. This unique TCB program helps put long term residents of affordable housing on the path to home ownership by introducing them to a core skill set of financial education and literacy — including subjects like building credit and savings strategies. Since Regina began working with ODTY and a dedicated financial coach, she has increased her credit score by 76 points and saved $25,000. Now approved to purchase her first home, Regina has found a path not only to housing security but also the opportunity to build generational wealth and a brighter future for her family.
PARTNER SPOTLIGHT
%20(1).png)
TD Bank
.jpeg)
TD Bank has been a transformative partner for The Community Builders across the Northeast. In 2024, TCB won the TD Ready Challenge to support Community Life housing stability and economic mobility coaching for formerly homeless families and individuals in New England. The $1 million award follows a TCB and TD partnership to pilot one of the country’s first rent reporting for credit building efforts. The initiative helped residents in Massachusetts establish and build credit with on time rent payment, instead of consumer debt. This successful pilot has expanded to all 15,000 TCB households and become a national model for economic mobility.
Today, more than 70% of TCB households enrolled in rent reporting for credit building boost their credit score. TD support also brings joy to TCB communities. Thanks to a partnership with the TD Garden arena, TCB residents enjoyed a celebration with the Boston Celtics Larry O’Brien NBA Championship Trophy. As a critical sponsor of TCB housing developments, TD has provided funding for more than 1,900 affordable homes. Together, TD and TCB are building and sustaining strong communities where all people can thrive.
RESIDENT SUCCESS
WE PLACE RESIDENT SUCCESS AT THE CENTER OF OUR WORK.
In The United States:
43% of seniors struggle
with loneliness, increasing health risks
25% of renters are at
risk of eviction
Lack of credit history keeps
low-income residents unable
to access jobs and opportunities
Across The Community Builders:
of TCB seniors report
feeling connected
of residents who receive TCB coaching remain housed, fostering lasting stability
TCB residents established credit, opening doors to financial opportunities and economic mobility
HOUSING IMPACT
WE OWN AND MANAGE 14,000+ HOMES, INCLUDING THESE 615 NEW AND RENEWED HOMES.
NEIGHBORHOOD IMPACT
WE EXPAND ACCESS TO EDUCATION AND HEALTHY FOODS WITH NEIGHBORHOOD INVESTMENTS THROUGHOUT OUR REGIONS.
Comp Sci High School
The Bronx, New York
A legacy investment for educational facilities in the Mott Haven section of The Bronx, TCB has teamed up to build a modern home for the Comp Sci High Charter School, a work-based learning and computer science-focused high school. With increased enrollment capacity, the school can now offer seats to over 460 students (90 percent who are low-income and 99 percent people of color). This new contemporary construction rises six stories with learning facilities that include 24 classrooms, a science and computer lab, art room, as well as featuring two outdoor classrooms on terraces. Additionally, the building contains a large multipurpose room, a gym/cafeteria, and a double height coworking space. Comp Sci High is also steps away from public transit.
City Fresh Foods
Boston
A story of community focused collaboration, City Fresh Foods is located in the historic Roxbury neighborhood of Boston. Since its opening, City Fresh has created and retained 220 local jobs, each paying living wages, opening career paths and offering expanded economic opportunity through employee ownership for the residents of Roxbury and nearby communities. This 18,000 square foot, state-of-the-art production and distribution facility provides a permanent home to a unique, local Black- and employee-owned business making nutritious, delicious, and culturally relevant foods for the city’s diverse residents, including students and seniors.
HOUSING AWARDS
Novogradac Journal of Tax Credits
Developments of Distinction
250 Centre Street, Boston
.jpg)
Affordable Housing
Finance Readers’ Choice Award
Woodhill Station West, Cleveland
MHSA Rep. Byron Rushing Commitment to Housing Award
The Community Builders
Affordable Housing Tax Credit Coalition Charles L. Edson Award
Park Haven, The Bronx
Housing & Community Development Network Outstanding Project Award
Fairview Heights, Jersey City
.png)
TD Ready Commitment Award
The Community Builders
.png)
Citi Foundation Global Innovation Challenge Grantee
The Community Builders
FINANCIALS
Total Net Assets
2023 Total Net Assets: $42.9 MM
.png)
2023 Operating Expenses
BOARD OF DIRECTORS
Louis Mercedes (Chair)
Andrew Clark
Carol Galante
Richard High
Kim Michelle Janey
David Johnson
Bernita Johnson-Gabriel
Benjamin Julien
Patrick Nash
Robin Powell Mandjes
Mia Roberts
Jeffrey Sánchez
Amy Schectman
Steven Spears
Adam Troy
Jay Walder
Monica Warren-Jones
Malcolm J. Williams
Kamillah Wood, M.D.
DONORS
*As of November 1st 2024
THANK YOU TO OUR DONORS. PLEASE CONTACT US WITH QUESTIONS ABOUT DONOR RECOGNITION.
