top of page
tcb-hero.jpg

2023 Impact Report

Design Pattern_TEMP.png

CEO UPDATE

CEO Letter_edited.png

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,

Brad Signature.png

Bart Mitchell | President and CEO

WELCOME HOME

25,000+ CHILDREN, ADULTS, AND SENIORS CALL A TCB COMMUNITY HOME.

Design Pattern_TEMP.png

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.  

Design Pattern_TEMP.png

PARTNER SPOTLIGHT

Partner-Spotlight-Photo-2.jpg

 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.

ir-rs-70.png

Households with

rent reporting for

credit building have

improved credit scores

ir-rs-73.png

Children ages 3 to 5

enrolled in preschools

ir-rs-99.png

Families at risk of eviction

remained stably housed

with coaching

Impact Report Cover.png

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.jpg

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. 

UC-Medical-Center-Photo-credit-The-News-Record.jpg

HOUSING AWARDS

award2.jpg

2023 Advisory Council Historic Preservation/HUD
Secretary’s Award for Excellence

Commodore Place Apartments

Cleveland, Ohio
Historic Preservation

award3.jpg

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

Design Pattern_TEMP2-01.png
23-chart.png

2022 Net Assets: $41.9 MM

Design Pattern_TEMP2-01.png
Financial Graphics_Updated-02.png

2022 Operating Expenses

BOARD OF DIRECTORS

Design Pattern_TEMP.png
Design Pattern_TEMP.png

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.

Design Pattern_TEMP.png
Design Pattern_TEMP.png
Design Pattern_TEMP.png
Design Pattern_TEMP.png
bottom of page