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2024 Impact Report

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CEO UPDATE

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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.  

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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.  

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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.  

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I am proud to share our impact in 2024 and the lives that have been transformed by TCB.  

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Thank you,

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Bart Mitchell | President and CEO

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INNOVATING FOR IMPACT

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

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RESIDENT SPOTLIGHT

Regina, From Renter to Homeowner

“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 becoming a 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 had increased her credit score by 76 points and saved $25,000. After securing approval for a mortgage, Regina closed on her first house in November of 2024 — two full years ahead of schedule. Regina is changing her life and her family's future forever. Welcome home, Regina!

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PARTNER SPOTLIGHT

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TD Bank

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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:
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of TCB seniors report

feeling connected

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of residents who receive TCB coaching remain housed, fostering lasting stability

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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.

3368 Washington, Boston, MA

TCB completed 3368 Washington Street, a 144,000 square foot building that is Boston’s largest permanent supportive housing development. Built on an under-utilized parcel the new five-story mixed-use building includes ground floor office and warehouse space with upper floors as residential. Partnering with Pine Street Inn (PSI) all 202 apartments will be income-restricted, including 140 supportive housing units and 62 low- and moderate-income apartments.

3368 WASHINGTON, BOSTON, MA

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Fairview Heights Apartments is an innovative nine-story mixed-income housing development, complementing TCB’s Bergenview Apartments, built from an historic YMCA in Jersey City’s McGinley Square neighborhood. It features an apartment community of 111 quality studio, one-, two-, and three-bedroom residences for individuals and families all of which contain modern bathrooms, kitchens, and a suite of energy efficient appliances. Once again putting our residents on top, Fairview Heights also features a rooftop deck that provides tenants with outdoor access and sweeping views of Manhattan.

FAIRVIEW HEIGHTS, JERSEY CITY, NJ

Located on a six-acre site in the Pittsburgh neighborhood of Hazelwood, Gladstone Residences epitomizes an historic, adaptive-reuse project that transformed the long-vacant Gladstone School into a key community asset of high-quality affordable homes. The historically charming building holds 51 architecturally distinctive apartments including four studios, 39 one-bedroom and eight two-bedroom apartments complemented by premium amenity spaces such as a top-floor lounge with a skyline view, historic auditorium/community room, a health and wellness room and an outdoor patio. Forty-three of the apartments are reserved for households at or below 60% of the area median income.

GLADSTONE RESIDENCES, PITTSBURGH, PA

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Located on Georgia Avenue, just north of Howard University and south of TCB’s award winning Beacon Center development, Park Morton Apartments are situated amongst a diverse mosaic of neighborhoods that have emerged as one of DC’s most rapidly changing areas. This new five-story multifamily building marks the first phase in revitalizing a severely distressed 12-building public housing complex.  Park Morton offers 142 modern mixed-income rental homes with comprehensive amenities such as a roof top lounge, fitness room, courtyard spaces, meeting lounges, pet grooming room, and a 71-space underground parking garage. Two-thirds of the homes are reserved for low and moderate-income households.

PARK MORTON APARTMENTS, WASHINGTON, DC

Pershing Place is the latest (and ninth) phase of Oakwood Shores, a 100+ acre Chicago Housing Authority (CHA) Plan for Transformation site on Chicago’s South Lakefront. This phase includes 51 new mixed-income apartments on two scattered sites that will continue the move from high density towers to traditional low-rise Chicago neighborhood living. Pershing Place is a modern construction inspired by traditional South Side neighborhoods, with the inclusion of landscaped boulevards, public parks and pedestrian walks.

PERSHING PLACE, CHICAGO, IL

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Woodhill Center East is the second phase of the six phase Woodhill Homes transformation of Cleveland’s Buckeye-Woodhill community. Woodhill Center East features 61 contemporary affordable apartments and 16 townhomes for individuals and families. In addition to modern energy efficient residences, the development also provides residents with access to a community room, fitness center, landscaped greenspace, a playground and an outdoor patio.

WOODHILL CENTER EAST, CLEVELAND, OH

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.

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HOUSING AWARDS

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Novogradac Journal of Tax Credits

Developments of Distinction

250 Centre Street, Boston
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Affordable Housing

Finance Readers’ Choice Award

Woodhill Station West, Cleveland
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MHSA Rep. Byron Rushing Commitment to Housing Award

The Community Builders

Jesse Batus of The Community Builders, Inc. with the 2024 Edson Award for Park Haven.jfif

Affordable Housing Tax Credit Coalition Charles L. Edson Award

Park Haven, The Bronx

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Housing & Community Development Network Outstanding Project Award

Fairview Heights, Jersey City
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TD Ready Commitment Award

The Community Builders
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Citi Foundation Global Innovation Challenge Grantee

The Community Builders

FINANCIALS

Total Net Assets

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Total Net Assets

2023 Total Net Assets: $42.9 MM

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2023 Operating Expenses

BOARD OF DIRECTORS

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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.

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$500,000+

  • Citi Foundation

  • Massachusetts Community Health and Healthy Aging Funds

  • TD Bank

$90,000 - $499,999

  • Boston Children's Hospital

  • Fannie Mae Foundation

  • Maryland Department of Aging

$25,000 - $89,999

  • CohnReznick, LLP

  • Community Foundation for a Greater Richmond

  • Eastern Bank

  • Health Care Access Now (HCAN)

  • Northwestern Medicine

  • Telligen Community Initiative

  • The Hortense and Louis Rubin Community Health Fund

  • The Schenectady Foundation

$10,000 - $24,999

  • AGM Financial Services, Inc.

  • Amenta Emma Architects

  • Bank of America Merrill Lynch

  • Beth Mullen

  • Consigli Construction

  • Delphi Associates, LLP

  • Jay Walder and Susan Cummings

  • Klein Hornig, LLP

  • Lument/Boston Financial Investment Management

  • Marous Brothers Construction

  • Marsh USA Inc.

  • Mega Contracting Group

  • Mintz Levin Cohn Ferris Glovsky and Popeo, PC

  • Ohio Capital Corporation for Housing

  • Red Stone Equity Partners, LLC

  • Rockport Mortgage Corporation

  • Stratford Capital Group

  • The Gant Family Foundation

$5,000 - $9,999

  • Altowav

  • Applegate Thorne-Thomsen, P.C.

  • Baker Tilly

  • Bart Mitchell and Susan Siebert

  • BNY Mellon

  • C.T. Male Associates

  • Cincinnati Children's Hospital Medical Center

  • Clocktower Tax Credits, LLC

  • Commodore Builders

  • Cranshaw Construction

  • Dorfman Capital

  • Downing Van Dyke

  • EMBARC Design

  • Flynn Law Group

  • GEI Consultants

  • ICON Architecture Inc.

  • Konica/All Covered Business Solutions

  • Langan

  • LMA Services Company, LLC

  • Marcum, LLP

  • Marsh, Moriarty, Ontell, Golder P.C.

  • McPhail Associates, LLC

  • Merchants Capital

  • Morgan and Kristin Wilson

  • Needham Bank

  • Newmark Affordable Housing Advisors

  • Nitsch Engineering

  • Novogradac & Company, LLP

  • Pine Street Inn

  • Plumb House

  • Raymond James

  • RDC Development, LLC

  • Regions Affordable Housing

  • Rockland Trust Bank

  • Sachse Construction

  • The Architectural Team

  • The Boston Foundation

  • Turk & Milone, LLP

  • U.S. Bank Community Development Corporation

  • U.W. Marx Construction Company

  • Urban Architecture Initiatives

  • Yardi Systems

$1,500 - $4,999

  • Aegon Asset Management

  • Akron Community Foundation

  • Anna Faith Jones

  • Audra M. Bohannon

  • BlueHub Capital

  • Cannon Heyman & Weiss

  • Citizens Bank

  • David Johnson

  • DBVW Architects

  • DMS Design, LLC

  • Esusu

  • Federal Capital Partners

  • Goldman Sachs

  • Granite Companies, LLC

  • Harkins Builders

  • Harvard Medical School

  • Harvard University

  • Lisa Wilcox-Erhardt and Steve Erhardt

  • Patrick and Sara Nash 

  • RBC Capital Markets

  • Richard High

  • Royston Delaney

  • Sarah Niemczycki and David Jones Charitable Fund

  • Sisca Northeast Associates, LLC

  • Specialty Consultants

  • Stephanie Garrett-Stearns and William Stearns

  • The Menkiti Group

  • Walter Haverfield

  • Waypoint

$500 - $1,499

  • Beverly Bates

  • Alison Gant

  • Andrew Clark

  • Bob Dorfman

  • Bowditch

  • Buchanan Ingersoll and Rooney

  • BWA Architecture

  • Carole Galante 

  • Christina Van Houten

  • Dartagnan Brown

  • Dave Roecker

  • David Jones

  • Edward and Catherine Marchant

  • Gary Kane

  • Goulston & Storrs

  • Ilene Rock-Duque

  • Iric Rex

  • James A. Riccio

  • Jeffrey Sánchez 

  • Jesse Batus

  • John and Edie Wilson

  • Joshua Posner

  • Jullie and Michael Patterson

  • Karen Kelleher

  • Key Bank

  • Linda Torres

  • Lyndia Downie

  • Mary Kay Leonard

  • Melissa Sue Guertin

  • Metro Housing

  • Patricia Belden

  • Peter Munkenbeck

  • Rebecca Knight

  • Robin Powell Mandjes

  • Rose Mabwa

  • ServiceMaster by Gilmore

  • Steve Davis

  • Steve Lodi

  • Steven Spears

  • Strategy Group

  • Sugar Creek Capital 

  • Thomas Joyce

$250 - $499

  • AKRF

  • Andy Waxman

  • Anixter

  • Daniel Rosen

  • Elizabeth González Suárez

  • Ionic

  • Janet Grogan 

  • Jesse Elton

  • Joan B. Burns Charitable Fund

  • Leah Van Tassel

  • Luz Schemmel

  • Mark Curtiss

  • Michelle Norris

  • Monica Warren-Jones

  • Paula Worthington

$100 - $249

  • David Aiken

  • Alice Anigacz

  • Anne Moriarty

  • Anne Vinick

  • Ben Jullien

  • Caitlin Mahoney

  • Careem Alexander

  • Caroline Crocker

  • Charlie Johnson

  • Cornelius Payne

  • Edmund Whelan, III

  • Elvis Lopez

  • Entrata

  • Frank Holmes

  • Gaye L. Bok

  • Greg Klemmer

  • Ivey Bueno

  • James Baghai

  • Jason Reynolds

  • Jeff Myers

  • Jennifer Pyclik

  • Jihan Touma

  • Juan H. Powell

  • Kalimah Redd Knight

  • Katie Carroll

  • Kevin C. and Anne Duffey Phelan

  • Kristin Nelson

  • Mark S. Fowles

  • Massachusetts Housing Partnership

  • Matthew P. Martin

  • Mia Roberts

  • Michael Cassidy

  • Michael Gray

  • Michelle Chisholm

  • Pamela Carrol-Dean

  • Patrice J. Harris

  • Patricia Capalbo

  • Paul Davis

  • Phillip Clay

  • Rachael Dyer

  • Rachana Crowley

  • Rachel Boyce

  • Rebeca Nystrom

  • Ryan Spragg

  • Sandi W. Silk

  • Stacy Sheffield-Papadatos

  • Stephen Pratt

  • Tom Hynes, Jr.

  • Wayne Spiegel

  • Zora B Myers

$1 - $99

  • Ahyanna Morton

  • Al Wonasue

  • Alexa DuCote

  • Aliyah Kashif

  • Allison Collins

  • Allison Wells

  • Amanda Kelly

  • Amy Markham

  • Andrea Colbert

  • Angela Johnson

  • Angela Swanson

  • Anne Blaschke

  • Anthony Dastoli

  • Armine Donabedian

  • Arsid Syla

  • Ban Diep

  • Bastien Taylor

  • Bennett Baumer

  • Bethany Dickerson Wynder

  • Bianca Davila

  • Brandon Moore

  • Brian Backscheider

  • Brian Fiore

  • Brian Shelton

  • Brittney Hughes

  • Bruce Irving

  • Carrie Voiland

  • Charmaine Edmunds

  • Chengyi Mai

  • Chloe Coravos

  • Christine Vasta

  • Claire Berman

  • Crystal Trail

  • Cyndi Polk Blocker

  • Damian Clark

  • Dan Carucci

  • Dawn Vadnais

  • Dorys Rivera

  • Eboni Williams

  • Echo Bergquist

  • Elizabeth Kennan

  • Enrique Pacheco

  • Eric Perez

  • Gabriela Gomez Coates

  • Glenne Jackson

  • Harrison Haigood

  • Hasan Bahar

  • Hetal Gada

  • Hunter Gay

  • Iris Manuel

  • Irv-Anne Paul

  • Jack Durkin

  • James Goshen

  • Jamie Galt

  • Janel Burke

  • Janet Madden

  • Janice Bush Dockery

  • Janna Perez

  • Jasmine Benford

  • Jason Rexinis

  • Jeanne Pinado

  • Jenny Lee

  • Jesse Migneault

  • Jessica Dogan-Codrington

  • Jodi Cunningham

  • Jodka Family

  • Joe Giggey

  • John Schmid

  • Joshua Moraghan

  • Judi Lambert

  • Judith Bernier

  • Judith Conley

  • Juliana Madden

  • Julie Robblee

  • Justine Dolce

  • Karla Trammell

  • Kathryn Patterson

  • Keisha Burgess

  • Kemena Brooks

  • Keveisha Robinson-Clark

  • Kimberly Murphy

  • Kristin Anderson

  • Kristin Blount

  • Kristina Wilson

  • LaToria Spikes

  • Lauren Crawford

  • Lauryn Phinney

  • Leah Whiteside

  • Lesley Miller

  • Leta Rowan

  • Lindsay MacPhail

  • Lucinda Perregil

  • Madeleine Mitchell

  • Madison Neimer

  • Maggie Verdejo

  • Margaret Keaveny

  • Marielle Clerc

  • Maritza Coa

  • Mary Sugrue

  • Matthew Palumbo

  • Megan Balch

  • Meghan Kaple

  • Melissa Craven

  • Melissa Perry

  • Melissa Wheeler

  • Michael Fitzpatrick

  • Michael Hipson

  • Mindy Hogarth

  • Miyareth Borja

  • Monica Corley

  • Monica Fairley

  • Nancy Sableski

  • Nasiha Adkins

  • Nelson Martins

  • Olivia Link

  • Olivia Sullivan

  • Omar Kasabchy

  • Patrick Mullins

  • Paul Guthrie

  • Paul Lu

  • Quinn Pregliasco-Geisler

  • Rehanna Fernandes

  • Rehanna Nunez

  • Robert Smith-Mendes

  • Robin Watson

  • Samuel Gebru

  • Sandra Chung

  • Sara McNally

  • Sathya Moorphy

  • Shanda Brown

  • Shangwe Parker

  • Shedrene O'Neil

  • Siobhan Higgins

  • Sophia Carpenter

  • Stephanie Hill

  • Sumbul Siddiqui

  • Taylor Edwards

  • Taylor Pederson

  • Theresa Mitchell

  • Thomas Buonopane

  • Tiffany Davis

  • Tiffany Johnson

  • Vanessa Murphy

  • Vanessa Panico

  • Walter Hubley

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