2023 Impact Report
CEO UPDATE
Dear friend,
This has been a year of opportunity and impact for The Community Builders, with new affordable housing developed and managed, transformational resident initiatives, and award-winning neighborhood investments across the 30 great American cities where we work.
TCB welcomed more than 670 families to new homes this year, advancing our mission at historic lofts in Charlotte, midrise apartments in Cleveland, workforce cottages on Martha’s Vineyard and more new communities across our five regions. These new families join a TCB portfolio of over 14,000 apartments that more than 25,000 residents call home.
Award-winning TCB Community Life resident initiatives are advancing equity and opportunity for children, adults and seniors. With donor support, TCB residents are opening new doors to health, wealth and opportunity. I am honored to share the best of our work in 2023 and introduce you to a few of the people whose lives have been transformed by TCB.
Thank you,
Bart Mitchell | President and CEO
WELCOME HOME
25,000+ CHILDREN, ADULTS, AND SENIORS CALL A TCB COMMUNITY HOME.
RESIDENT SPOTLIGHT
Jennifer Foster, Champion Resident
TCB resident Jennifer Foster is making house calls to improve the health of her community. She is employed as a Health Champion in a maternal and child health initiative called Avondale Children Thrive. Trained in best practices for safe infant sleep, breastfeeding, early education and client confidentiality, Jennifer provides in-home coaching to new and expectant mothers in Cincinnati with the aim to reduce infant mortality and improve the health of the neighborhood’s youngest residents.
PARTNER SPOTLIGHT
Fannie Mae
Sustainable Communities
Fannie Mae selected TCB’s From Our Doors to Yours resident initiative as a $1 million winner of the 2022 Sustainable Communities Innovation Challenge, a contract competition to advance Black homeownership and racial equity. TCB Community Life coaches in Chicago, Detroit, and Richmond are opening a new door to the American Dream by connecting residents with resources to achieve higher credit scores, build earned savings and receive down payment assistance.
RESIDENT SUCCESS
WE PLACE RESIDENT SUCCESS AT THE CENTER OF OUR WORK.
Households with
rent reporting for
credit building have
improved credit scores
Children ages 3 to 5
enrolled in preschools
Families at risk of eviction
remained stably housed
with coaching
Residents established
new credit scores
through rent reporting
for credit building
HOUSING IMPACT
WE OWN AND MANAGE 14,000+ HOMES, INCLUDING THESE 671 NEW AND RENEWED HOMES.
NEIGHBORHOOD IMPACT
WE EXPAND ACCESS TO HEALTH CARE AND HEALTHY FOODS WITH NEIGHBORHOOD INVESTMENTS THROUGHOUT OUR REGIONS.
Shop Fair Supermarket,
The Bronx, New York
Located on the ground floor of TCB’s Park Haven Apartments in New York City, Shop Fair Supermarket opened in 2023 with a fresh selection, cultural favorites and affordable prices. The vibrant 11,000 square foot store serves TCB residents and the diverse Mott Hill neighborhood.
With a portfolio of over 500,000 square feet of neighborhood commercial real estate, TCB is building stronger neighborhoods through affordable commercial leases and direct assistance to small and minority-owned businesses.
The University of Cincinnati Medical Center
Funded by our allocation of New Markets Tax Credits, the University of Cincinnati Medical Center emergency department has undergone an expansion and renovation aimed at enhancing health outcomes in a community that hundreds of TCB residents call home. Completed in 2023, the new department boosts capacity and efficiency, offering behavioral health rooms, nursing stations and improved access to care. This investment in pediatric health is the latest in our series of New Markets Tax Credit allocations that total more than $250 million.
HOUSING AWARDS
2023 Advisory Council Historic Preservation/HUD
Secretary’s Award for Excellence
Commodore Place Apartments
Cleveland, Ohio
Historic Preservation
2023 Journal of Tax Credits Award
Development of Distinction
Church Hill Phase 2B
Richmond, Virginia
Metropolitan Community Impact
Gertrude S. Carraway
Award of Merit
NoDa Wandry
Charlotte, NC
Historic Preservation
FINANCIALS
Total Net Assets
2022 Net Assets: $41.9 MM
2022 Operating Expenses
BOARD OF DIRECTORS
Louis Mercedes (Chair)
Audra Bohannon
Andrew Clark
Brian L.P. Fallon
Carol Galante
Richard High
Kim Michelle Janey
Bernita Johnson Gabriel
David Johnson
Benjamin Jullien
Patrick Nash
Robin Powell Mandjes
James Riccio
Mia Roberts
Jeffrey Sanchez
Amy Schectman
Adam Troy
Jay Walder
Monica Warren-Jones
Malcolm Williams
Kamillah Wood
DONORS
*As of November 2023
THANK YOU TO OUR DONORS. PLEASE CONTACT US WITH QUESTIONS ABOUT DONOR RECOGNITION.
