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2025 Impact Report

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CEO UPDATE

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Dear friend,  

 
In a year of significant economic uncertainty and federal policy changes, TCB offers a clear vision and direct action to advance promise in the communities we serve. With your partnership, our transformative impact is delivering homes that are affordable and resident initiatives that unlock opportunity for all.

   

Thanks to donor support,​ TCB Community Life coaches empower residents to maintain their housing stability, build good credit, access opportunities to learn and earn, and deepen community connections.  Your support ensures residents have the resources they need to navigate the present and prepare for the future.  

In 2025, staying focused amidst change enabled TCB to build nearly 1,000 new homes across 10 communities in the Northeast, Mid-Atlantic and Midwest and expand our management portfolio by more than 3,500 residences.  In each community we pursue TCB’s holistic three-part approach: creating healthy homes, offering high-quality responsive property management and connecting residents with access to long-term success. 

​​We are advancing a promising vision of a vibrant and inclusive world where everyone can flourish. On behalf of TCB’s amazing board and staff of 700 talented individuals, I am proud to share this 2025 Impact Report and the stories of resilience, leadership, and hope made possible through your partnership. Thank you for supporting The Community Builders.

 ​ 

Sincerely, 

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Bart Mitchell | President and CEO

FACING CHANGE, BUILDING PROMISE

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

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RESIDENT SPOTLIGHT

For Tammy, Confidence Starts at Home

“I’m more confident in myself.” Tammy is succeeding with change and actively building promise for others in her community. Tammy is a resident and resident leader at 225 Centre, a 103-apartment community in the heart of historic Jackson Square in the Roxbury neighborhood of Boston. Tammy’s journey has gone from unemployed and unhoused to a full-time job with the Department of Youth Services. Tammy credits the security and support she receives from TCB as a vital component to her happiness and success.  “I have security in knowing that I have a roof over my head I know each month I can pay my rent. I like to give that back to the people who have housing here.”  And as a resident leader she does just that – bringing “respect and kindness” not only to her building but the larger community.  Her dedication to her work is underscored by her infectious energy and enthusiasm for reaching others. 

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DONOR SPOTLIGHT

Peter Marx

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Building Promise with Peter Marx

For nearly a decade, TCB donor and long-time construction partner Peter Marx has helped breathe new life into neighborhoods across New York’s Capital Region. Raised in Troy, Marx has spent his career committed to thoughtful building and restoration. These values have shaped both his business and his philanthropy. 

Marx made his first gift to The Community Builders in 2017, during the annual Power of Home event. He was drawn to the TCB mission to expand access to quality, affordable housing. “The need is tremendous,” he reflects. “You go to Power of Home and hear the stories—you can’t help but be moved.” His giving is grounded in trust, empathy, and a belief that strong communities start with stable homes. 

Through his company’s work on housing developments such as Tapestry on the Hudson in Troy, as well as Hillside View and Hillside Crossing in Schenectady, Marx has seen firsthand how transforming distressed historic buildings can change the character of an entire neighborhood. Tapestry on the Hudson, which transformed a former shirt collar factory into mixed-income housing, is especially meaningful to him. “Saving a building like that is an effort in itself,” he says. “Seeing it become a home for people who need it is incredibly rewarding.” 

What sets TCB apart, Marx notes, is its people: “They care deeply. It’s a mission.” 

His hope for the future is simple and powerful: that his support helps families thrive. “I hope it improves lives,” he says. “This is God’s work.”

RESIDENT SUCCESS

LED BY OUR COMMUNITY LIFE AND PROPRTY MANAGEMENT TEAMS, TCB's PIONEERING RENT REPORTING FOR CREDIT BUILDING INITIATIVE HELPS RESIDENTS ACHIEVE HOUSING STABILITY AND ECONOMIC MOBILITY TO PURSUE THEIR DREAMS.

  In The United States:
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25% of U.S. renters are at risk of eviction.

Lack of credit history keeps many people in the U.S. from accessing jobs and opportunity. 

The average credit score in the U.S. dropped two points in 2025.

Homeownership creates the potential to build equity over time, a contributor to long-term financial security.

    Across The Community Builders:
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99% of TCB residents who receive at-risk housing coaching remain stably housed.

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1,550 TCB residents

have become

credit visible, establishing credit scores. 

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TCB residents improved their credit scores an average of 60 points.

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118 TCB residents have used improved credit scores to secure mortgages.  

HOUSING IMPACT

WE OWN AND MANAGE 18,000+ HOMES.  IN 2025, THESE INCLUDED 991 NEW AND RENEWED HOMES AND A MANAGEMENT PORTFOLIO EXPANSION OF 3,500+ RESIDENCES IN MARYLAND, MASSACHUSETTS AND MINNESOTA.

NEIGHBORHOOD IMPACT

WE EXPAND ACCESS TO COMMUNITY HEALTHCARE AND
WORKFORCE DEVELOPMENT WITH NEIGHBORHOOD INVESTMENTS.

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Fair Haven Community Health Center – New Haven, CT

Originally closed in 2023 and brought into service in 2025, the Fair Haven Community Health Center project delivered a new 33,500 SF federally qualified health center and renovated 32,000 SF of existing space in New Haven’s Fair Haven neighborhood. Supported by a $6 million NMTC investment from TCB CDE, the project expanded access to primary care, behavioral health, and maternal health services for more than 20,000 low-income and predominantly Hispanic residents. The facility now features a digital literacy lab, a food pharmacy, and 45 exam rooms, enhancing culturally responsive care and addressing social determinants of health. The project created and retained over 150 living-wage jobs and solidified Fair Haven’s role as a regional health equity leader.

BandWith Chicago – Chicago, IL

Closed in 2024 and brought into service in 2025, BandWith Chicago transformed a vacant 25,000 SF former casket factory in East Garfield Park into a state-of-the-art music, arts, and workforce development hub. Supported by a $5 million NMTC investment from TCB CDE, the minority-controlled nonprofit now serves 300 youth annually, 95% from low-income households, through free after-school and summer music programs. The facility includes rehearsal studios, a digital recording lab, and a community café that fills a local retail gap. The project provides 60 paid pre-career training opportunities each year and strengthens neighborhood safety and cultural vitality in one of Chicago’s most economically distressed communities.

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HOUSING AWARDS

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Affordable Housing Finance
Readers’ Choice Award for Preservation

The Aurora Apartments, Worcester, MA
Castlegate Green, Mt. Lebanon PA.  Urban Land Institute (ULI) Pittsburgh Placemaking Award

Urban Land Institute Pittsburgh Placemaking Awards for Healthy Place

Castlegate Green, Mt. Lebanon, PA
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Novogradac Journal of Tax Credits Development of Distinction for Development that Best Exemplifies Special Needs Populations

The Lyndia, Boston, MA

FINANCIALS

Total Net Assets

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2024 Total Net Assets: $45.7 MM

2025 Operating Expenses

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BOARD OF DIRECTORS

*As of November 1st 2025

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Richard High (Chair)

Monica Warren-Jones (Vice Chair)

Andrew Clark

Carol Galante

David Johnson

Benjamin Jullien

Kim Michelle Janey

Louis Mercedes

Robin Powell Mandjes

Patrick Nash

Jeffrey Sánchez 

Mia Roberts

Amy Schectman

Steven Spears

Adam Troy

Jay Walder

Malcolm Williams

Kamillah Wood, M.D.

DONORS

Recurring gift donors are listed in bold

THANK YOU TO OUR DONORS. PLEASE CONTACT US WITH QUESTIONS ABOUT DONOR RECOGNITION

*As of November 1, 2025

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