2023-06-19T11:42:09-04:00 2022-12-31 462108854 KENDALL PREBOLA AND JONES LLC PO BOX 259 BEDFORD PA 155220259 990 2022-01-01 208351782 CREDIT BUILDERS ALLIANCE INC CRED 2027309390 1701 K STREET NW STE 1000 WASHINGTON DC 20006 DARA DUGUAY CEO 2027309390 2023-06-15 true DARA DUGUAY XXX-XX-XXXX false ROBERT F PREBOLA CPA P00575666 8146231880 2023-06-15 X 2022 2023-04-26 12:10:37Z DARA DUGUAY 1701 K STREET NW STE 1000 WASHINGTON DC 20006 5600497 false X WWW.CREDITBUILDERSALLIANCE.ORG X 2006 VA TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. 19 19 42 25 0 3267357 4696983 825111 878851 1271 24663 0 4093739 5600497 178850 479205 0 1454951 1945564 0 27893 588100 942492 2221901 3367261 1871838 2233236 3615350 8198473 625775 2975662 2989575 5222811 X CBA'S MISSION IS TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. WE DO THIS BY BUILDING THE CAPACITY OF OUR NONPROFIT AND MUNICIPAL MEMBERS TO IMPLEMENT STRATEGIES NECESSARY TO HELP THEIR CLIENTS BUILD CREDIT AND ENTER THE FINANCIAL MAINSTREAM. CBA FILLS A VOID BY BEING A BRIDGE FOR CREDIT BUILDING ACTIVITIES FOR NON- TRADITIONAL FINANCIAL SERVICE PROVIDERS. OUR ACTIVITIES FALL ALONG A CONTINUUM, WHICH ALLOWS CBA TO MEET OUR MEMBERS' NEEDS AT WHEREVER POINT THEY MAY BE IN THE CREDIT BUILDING PROCESS. false false 2100406 418018 810571 1. CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A. MEMBER AND STAKEHOLDER RELATIONS IN 2021 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 50 NEW MEMBERS AND TRANSITIONED 14 MEMBERS TO OUR NEW "ALLY" CATEGORY, CREATED FOR THOSE THAT WANT TO BE A PART OF OUR NETWORK BUT EITHER DO NOT OFFER DIRECT SERVICES THEMSELVES (AND THEREFORE DO NOT NEED OUR CORE SERVICES). THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT (ALL VIRTUAL THIS YEAR) COORDINATION. AS OF DECEMBER 2021, CBA HAD 574 MEMBERS AND 14 ALLIES. B. BUREAU SERVICES I. CBA REPORTER IS AN AWARD-WINNING, ONE OF A KIND SERVICE THAT OFFERS NONPROFIT AND MUNICIPAL LENDERS THE TECHNICAL ASSISTANCE, CONCRETE SOLUTIONS, AND INTERAGENCY CONNECTIONS THEY NEED TO EFFECTIVELY AND EFFICIENTLY HELP THEIR LOW- AND MODERATE-INCOME CLIENTS BUILD CREDIT AND LONG-TERM FINANCIAL CAPABILITY BY REPORTING THEIR LOW-AND MODERATE-INCOME BORROWERS' MONTHLY MICROENTERPRISE, SMALL BUSINESS, AND CONSUMER LOAN PAYMENTS TO THE MAJOR CONSUMER CREDIT BUREAUS EXPERIAN, TRANSUNION, AND EQUIFAX. CBA OFFERS A STREAMLINED ON-BOARDING PROCESS FOR GUIDING LENDER MEMBERS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO REPORT THEIR LOANS AND SUPPORTS THE REGULAR TRANSMISSION OF THAT LOAN REPAYMENT DATA. CBA PROVIDES ONGOING AND ON-DEMAND TECHNICAL ASSISTANCE TO MEMBER LENDERS, REVIEWS METRO2 DATA FOR ACCURACY, AND MONITORS THEIR BORROWERS' EOSCAR DISPUTES. IN 2021, CBA REPORTER ENABLED 231 NONPROFIT LENDERS TO REPORT OVER 68,829 TRADE LINES EVERY MONTH, TOTALING JUST OVER 2 BILLION IN CREDIT EXTENDED TO THEIR RESPECTIVE BORROWERS TO START A BUSINESS, MEET A HOUSEHOLD NEED, AND/OR SIMPLY BUILD POSITIVE PERSONAL AND BUSINESS CREDIT HISTORY. II. CBA BUSINESS REPORTER IS AN ADD-ON SERVICE THAT IN 2021 ENABLED 33 MEMBER LENDERS TO REPORT 11,933 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 573 MILLION TO THE COMMERCIAL CREDIT BUREAUS EXPERIAN BUSINESS INFORMATION SOLUTIONS AND DUN & BRADSTREET IN ORDER TO BUILD THEIR BUSINESS CREDIT PROFILES. III. CBA ACCESS ENABLES NONPROFITS TO PULL AND PURCHASE CREDIT REPORTS AND CREDIT SCORES FROM THE CREDIT BUREAUS TRANSUNION, EXPERIAN, LEXISNEXIS (FOR ACCESS TO NON-TRADITIONAL AND ALTERNATIVE CREDIT DATA), NOVA CREDIT (FOR ACCESS TO OVERSEAS CREDIT DATA), AND CHEXSYSTEMS (FOR THOSE WORKING WITH THE UNBANKED). IN 2021, CBA NEGOTIATED AN AGREEMENT WITH THE THIRD MAJOR CREDIT BUREAU, EQUIFAX, TO BEGIN TO OFFER TRADITIONAL CREDIT REPORTS UNDER OUR UMBRELLA. THIS NEW OPTION IS BEING PILOTED AND WILL OFFICIALLY LAUNCH IN 2022. CBA ACCESS OFFERS QUALIFIED MEMBERS ACCESS TO ANY OF THESE REPORTS AT POOLED PRICES IN ORDER TO UNDERWRITE LOANS, PROVIDE FINANCIAL COUNSELING AND CREDIT COACHING, AND -- WITH SOME CONTRACTUAL RESTRICTIONS -- TRACK THE CREDIT IMPROVEMENT OUTCOMES OF CLIENTS. SIMILAR TO CBA REPORTER, CBA IMPLEMENTS A STREAMLINED ON-BOARDING PROCESS TO GUIDE NONPROFITS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO ACCESS THEIR CLIENTS' CONSUMER CREDIT REPORTS. CBA ALSO OFFERS ON-DEMAND TECHNICAL ASSISTANCE AND SUPPORT TO NONPROFITS AROUND GENERAL CREDIT REPORT REVIEWS AND CODES, CREDIT REPORT SCORE INTRICACIES AND OTHER INFORMATION RELEVANT TO MEMBERS AND THEIR CLIENTS AROUND CREDIT REPORTS AND SCORES. IN 2021, CBA ACCESS ENABLED 360 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 100,000 CREDIT REPORTS THAT YEAR. C. TRAINING INSTITUTE I. CBA'S SIGNATURE CREDIT AS AN ASSET TRAINING HAS BEEN OFFERED SINCE 2008 TO NONPROFIT LENDER PRACTITIONERS, FINANCIAL COACHES AND EDUCATORS, SOCIAL SERVICE PROVIDERS AND OTHERS WORKING DIRECTLY WITH CONSUMERS AND ENTREPRENEURS TO PROMOTE FINANCIAL STABILITY AND INCLUSION. THE TRAINING AIMS TO HELP PARTICIPANTS: UNDERSTAND CREDIT BUILDING AS AN ESSENTIAL AND VIABLE ACTIVITY, FOUNDATIONAL TO THE SUCCESSFUL IMPLEMENTATION OF ANY FINANCIAL ASSET BUILDING STRATEGY FOR LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES; EXPLORE TOOLS AND DEVELOP SKILLS IN ORDER TO DESIGN, IMPLEMENT, AND MEASURE CREDIT BUILDING PROGRAMS BASED ON CLIENT NEEDS AND GOALS AS WELL AS ORGANIZATION MISSIONS AND CAPACITIES; AND ENGAGE WITH OTHER TRAINING PARTICIPANTS AND LEARN FROM CBA'S GROWING CREDIT BUILDING COMMUNITY ABOUT BEST PRACTICES IN CREDIT EDUCATION, ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS, AND MEASURING AND COMMUNICATING CLIENT CREDIT OUTCOMES. IN 2021, THE TRAINING INSTITUTE HAD A TOTAL OF 1751 (575 NEW IN 2021) REGISTERED USERS. AS OF 2021, 90 INDIVIDUALS (20 NEW IN 2020) REPRESENTING 35 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 225 INDIVIDUALS ATTENDED OUR VIRTUAL CREDIT AS AN ASSET TRAININGS IN 2021. SEPARATELY, 276 INDIVIDUALS PARTICIPATED IN ONE OF OUR MONTHLY WEBINARS FOR PRACTITIONERS. THE PERCENTAGE OF CBA MEMBERS WHO HAD STAFF PARTICIPATE IN A WEBINAR IN 2021 WAS 48%. II. UNDER THE UMBRELLA OF THE TRAINING INSTITUTE, CBA OFFERS TARGETED CREDIT BUILDING PROGRAM DESIGN, IMPLEMENTATION, AND MEASUREMENT CONSULTING TO MEMBER AND NONMEMBER NONPROFITS AND PUBLIC ENTITIES SEEKING TO DEVELOP OR ENHANCE THEIR CREDIT BUILDING EFFORTS BASED ON THEIR RESPECTIVE CLIENTS' NEEDS AND GOALS AS WELL AS ORGANIZATIONAL MISSIONS AND CAPACITIES. IN 2021 CBA MANAGED 7 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY. 660733 37050 68280 INNOVATIONS CBA INCUBATES A NUMBER OF EMERGING AND INNOVATIVE CREDIT BUILDING INITIATIVES THAT ADVANCE ITS THEORY OF CHANGE: BUILDING CREDIT IS PART OF THE ASSET BUILDING PATHWAY TO IMPROVED FINANCIAL STABILITY AND MISSION DRIVEN NONPROFITS ARE UNIQUELY POSITIONED TO HELP THE LOW-INCOME HOUSEHOLDS THEY SERVE BUILD CREDIT AS AN ASSET. IN 2021 IN PARTICULAR, CBA CONTINUED OR NEWLY CATALYZED: A. RENT REPORTING FOR CREDIT BUILDING IN 2015, CBA FORMALLY ROLLED OUT ITS RENT REPORTING FOR CREDIT BUILDING SERVICE UPON SUCCESSFUL COMPLETION OF A PILOT FOCUSED ON HELPING AFFORDABLE AND PUBLIC HOUSING PROVIDERS REPORT THEIR RESIDENTS' RENTAL PAYMENTS AS A CREDIT BUILDING STRATEGY. IN 2021, WITH SEED FUNDING FROM EXPERIAN, CBA LAUNCHED A RENT REPORTING TECHNICAL ASSISTANCE CENTER, WHICH FUNCTIONS AS A ONE-STOP SHOP TO LOCATE ALL INFORMATION RELATED TO RENT REPORTING. THIS DIRECTORY OF REPORTING OPTIONS FOR LANDLORDS IS OF PARTICULAR ASSISTANCE IN CA TO COMPLY WITH SB 1157. B. CBA SYMPOSIUM IN 2014, CBA OFFERED ITS FIRST EVER AND INCREDIBLY POWERFUL CREDIT BUILDING SYMPOSIUM. DUE TO POPULAR DEMAND THE CREDIT BUILDING SYMPOSIUM HAS SINCE BECOME AN ANNUAL EVENT. THE SYMPOSIUM IS INTENDED TO BE A DIALOGUE BETWEEN NONPROFIT ORGANIZATIONS INVOLVED IN CREDIT BUILDING AND THOSE CORPORATE ENTITIES WHOSE BUSINESS PRACTICES INCLUDE CREDIT REPORTING, CREDIT SCORING AND/OR CREDIT GRANTING. CBA'S GOAL IS TO BROKER MORE DISCUSSION BETWEEN THESE TWO CONNECTED INDUSTRIES WITH THE INTENT OF CONTINUING TO BRIDGE GAPS IN UNDERSTANDING AND STRENGTHENING BONDS IN THE CREDIT REPORTING ARENA. AN OVERARCHING THEME FOR THE SYMPOSIUM EVERY YEAR IS THE LINKAGE BETWEEN THE WORK BEING DONE IN THE CREDIT BUILDING FIELD AND THAT OF THE BROADER ISSUES OF INCOME INEQUALITY, POVERTY REDUCTION, AND ASSET BUILDING. THE SYMPOSIUM ALSO OFFERS OUR MEMBERS AND OTHER CREDIT BUILDING INDUSTRY STAKEHOLDERS A GREAT OPPORTUNITY TO LEARN AND BUILD RELATIONSHIPS. IN 2021, CBA'S CREDIT BUILDING SYMPOSIUM STAYED VIRTUAL AS A RESULT OF THE PANDEMIC. THE SILVER LINING WAS WELL OVER 250 PEOPLE WERE ABLE TO REGISTER AND ATTEND THIS 3-DAY EVENT C. OTHER FIELD BUILDING EFFORTS SELECTED AND CONDUCTED KICK-OFF CALL WITH SIX ORGANIZATIONS TO IMPLEMENT ACHIEVING CREDIT STRENGTH TOOLKIT AND PILOT JUMP CREDIT ANALYZER TOOL WITH SUPPORT FROM WELLS FARGO. LAUNCHED RFP TO SELECT SIX ORGANIZATIONS FOCUSED ON AFFORDABLE HOUSING AND/OR HOUSING COUNSELING TO IMPLEMENT CREDIT BUILDING AND PILOT JUMP CREDIT ANALYZER TOOL WITH SUPPORT FROM JPMORGAN CHASE FOUNDATION. 2761139 true true false false false false false false false false true false false true true true true true false false false false false false false false false true true true false false false false false false false false true false false false false true true true false false true 27 0 42 true false false false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false VT X DARA DUGUAY 2027309390 1701 K STREET NW STE 1000 WASHINGTON DC 20006 DONOVAN DUNCAN CHAIR 2.00 X X 0 0 0 ERIC ELLMAN VICE CHAIR 2.00 X X 0 0 0 KEVIN FRYATT TREASURER 2.00 X X 0 0 0 MARGARET LIBBY SECRETARY 2.00 X X 0 0 0 CINDY LOGSDON DIRECTOR 2.00 X 0 0 0 ABIGAIL LOVELL DIRECTOR 2.00 X 0 0 0 SETH JULYAN DIRECTOR 2.00 X 0 0 0 COURTNEY BRINKMAN DIRECTOR 2.00 X 0 0 0 DERISON PUNTIER DIRECTOR 2.00 X 0 0 0 LAURIE HUSABY DIRECTOR 2.00 X 0 0 0 DWAYNE KEYS DIRECTOR 2.00 X 0 0 0 CHUCK JONES DIRECTOR 2.00 X 0 0 0 APARNA SARIN DIRECTOR 2.00 X 0 0 0 PRISCILLA WOO DIRECTOR 2.00 X 0 0 0 CY RICHARDSON DIRECTOR 2.00 X 0 0 0 DINESH WADHWANI DIRECTOR 2.00 X 0 0 0 SHAWNA COLLIER DIRECTOR 2.00 X 0 0 0 VALECIA QUINN DIRECTOR 2.00 X 0 0 0 JEFF RICHARDSON DIRECTOR 2.00 X 0 0 0 LAURA FISHER - OUTGOING CHAIR 2.00 X X 0 0 0 CELINA PENA - OUTGOING SECRETARY 2.00 X X 0 0 0 JACK BRUMMEL - OUTGOING DIRECTOR 2.00 X 0 0 0 CHRISTOPHER HOBDAY - OUTGOING DIRECTOR 2.00 X 0 0 0 JOYCE KLEIN - OUTGOING DIRECTOR 2.00 X 0 0 0 ISIS SALMERON - OUTGOING DIRECTOR 2.00 X 0 0 0 DARA DUGUAY CEO 28.00 12.00 X 118390 50739 19151 MARIANA IPPOLITO CFO 20.00 20.00 X 11894 11893 1097 JULIA GAZIZOVA SR DIRECTOR, 20.00 20.00 X 32435 32435 6532 ELISABETH JOHNSON-CRAWFORD CHIEF TECHNI 40.00 X 101434 0 18823 264153 95067 45603 2 false true false 247720 4449263 28834 4696983 CLIENT PROGRAM FEES 900099 878851 878851 878851 24663 24663 5600497 878851 24663 455068 455068 24137 24137 182614 159471 21655 1488 1515150 1323098 179699 12353 19111 16652 2300 159 93425 81400 11245 780 135264 117853 16282 1129 40 40 85054 15646 64917 4491 242884 185411 57473 9232 1029 8166 37 21478 12523 8651 304 86362 50340 33692 2330 201271 131492 65298 4481 73374 35655 37719 16404 7131 9273 888 888 26588 26588 12268 8170 3757 341 SUPPLIES 139456 119882 19574 LICENSES AND FEES 14199 3187 11012 BAD DEBT EXPENSE 12994 12994 3367261 2761139 578229 27893 322390 564111 2187949 3778535 807933 1166511 18734 54325 75000 75000 63715 98885 248508 174585 72872 73923 66757 2387183 3615350 8198473 114520 101090 325825 358969 65990 53817 119440 2461786 625775 2975662 X 1063075 929310 1926500 4293501 2989575 5222811 3615350 8198473 2233236 X false true X true false X 1381997 1431714 1404015 3267357 4696983 12182066 666161 826837 579612 825111 878851 3776572 2048158 2258551 1983627 4092468 5575834 15958638 15958638 3185 11217 10658 1121 24663 50844 3185 11217 10658 1121 24663 50844 2051343 2269768 1994285 4093589 5600497 16009482 0.99680 0.99750 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6012 6012 100433 29910 70523 142063 138663 3400 73923 OPERATING LEASE - RIGHT-OF-USE ASSET 2292414 DUE FROM RELATED ORGANIZATION 87146 SECURITY & OTHER DEPOSITS 7623 2387183 OPERATING LEASE LIABILITY 2459586 PAYROLL TAX LIABILITIES 2200 2461786 X 5606497 6000 6000 5600497 5600497 3373261 6000 6000 3367261 3367261 SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT BUILDERS ALLIANCE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2019 THROUGH 2021 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. true ALLIANCE FOR MULTICULTURAL COMM 6440 HILLCROFT AVE SUITE 411 HOUSTON TX 77081 760171217 501C3 6800 CREDIT BLDG/SOFTWARE AROUET FOUNDATION 4340 E INDIAN SCHOOL RD STE 21-449 PHOENIX AZ 85016 453456191 501C3 8000 CREDIT BUILDING BRANCHES INC 11500 NW 12TH AVE MIAMI FL 33168 650716969 501C3 7000 CREDIT BLDG/FOCUS GR CBA FUND INC 1701 K STREET NW STE 1000 WASHINGTON DC 20006 824272195 501C3 75000 TECHNICAL SUPPORT CHARLES STEWART MOTT COMM COLLEGE 1401 E COURT ST FLINT MI 48503 381914697 501C3 6250 CREDIT BUILDING COLUMBUS HOUSING INITIATIVE 18 W 11TH ST SUITE A COLUMBUS GA 31901 582498678 501C3 12500 RENT REPORTING EAST BAY ASIAN LOCAL DEVELOPMENT CENTER - 1825 SAN PABLO SUITE 200 OAKLAND CA 94612 510171851 501C3 13500 CREDIT BLDG/TRAINING HARBOR HOUSE OF CENTRAL FLORIDA 707 E COLONIAL DRIVE SUITE 202 ORLANDO FL 32803 591712936 501C3 10000 RENT REPORTING HIRED 217 5 AVENUE N 3RD FLOOR MINNEAPOLIS MN 55401 416078344 501C3 8000 CREDIT BUILDING INCLUSIVE ACTION FOR THE CITY 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 270584116 501C3 6250 CREDIT BUILDING JUBILEE HOUSING 1640 COLUMBIA RD NW WASHINGTON DC 20009 520986261 501C3 10000 RENT REPORTING LIFT 999 NORTH CAPITOL ST NE NO 310 WASHINGTON DC 20002 522168409 501C3 20000 CREDIT BUILDING MATRIX HUMAN SERVICES 1400 WOODBRIDGE ST DETROIT MI 48207 381358015 501C3 12500 CREDIT BUILDING NEIGHBORHOOD PARTNERSHIP HOUSING SERVICES - 9551 PITTSBURGH AVE RANCHO CUCAMONGA CA 91730 330435536 501C3 17500 CREDIT BUILDING NEIGHBORHOOD RENAISSANCE PO BOX 680748 ORLANDO FL 32868 591712936 501C3 10000 CREDIT BUILDING PROJECT RETURN 712 4TH AVENUE SOUTH NASHVILLE TN 37210 621058325 501C3 12000 CREDIT BUILDING REVOLUTION WORKSHOP 3410 W LAKE ST CHICAGO IL 60624 822354651 501C3 8000 CREDIT BUILDING SHOSHONE BANNOCK TRIBES PO BOX 306 FORTHALL ID 83203 820197554 GOV 12500 RENT REPORTING URBAN EDGE HOUSING CORP 1542 COLUMBUS AVE ROXBURY MA 02119 222483475 501C3 8000 CREDIT BUILDING WESST 609 BROADWAY BLVD NE ALBUQUERQUE NM 87102 850367809 501C3 5800 TRAINING SCHOLARSHIP 20 FINANCIAL ASSISTANCE 39 24137 SCHEDULE I, PAGE 1, PART I, LINE 2 ACCORDING TO OUR MEMOS OF UNDERSTANDING WITH THESE ORGANIZATIONS, PARTIAL PAYMENTS ARE ISSUED TO THE RECIPIENTS WHEN SPECIFIC BENCHMARKS ARE MET SUCH AS GETTING CREDENTIALED WITH THE EXPERIAN CREDIT BUREAU, THE START OF RENT PAYMENT REPORTING, AND THE START OF THREE AND SIX MONTHS OF REPORTING. X X false false false false false false false true false DARA DUGUAY CEO 114914 49250 3476 1489 3584 1530 10236 3801 132210 56070 SCHEDULE J, PAGE 1, PART I, LINE 7 DARA DUGUAY - 4,965 BONUS BASED ON PERFORMANCE. X LICENSES & SUBS 54 28834 FMV false false false FORM 990 - ORGANIZATION'S MISSION CBA'S MISSION IS TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. WE DO THIS BY BUILDING THE CAPACITY OF OUR NONPROFIT AND MUNICIPAL MEMBERS TO IMPLEMENT STRATEGIES NECESSARY TO HELP THEIR CLIENTS BUILD CREDIT AND ENTER THE FINANCIAL MAINSTREAM. CBA FILLS A VOID BY BEING A BRIDGE FOR CREDIT BUILDING ACTIVITIES FOR NON- TRADITIONAL FINANCIAL SERVICE PROVIDERS. OUR ACTIVITIES FALL ALONG A CONTINUUM, WHICH ALLOWS CBA TO MEET OUR MEMBERS' NEEDS AT WHEREVER POINT THEY MAY BE IN THE CREDIT BUILDING PROCESS. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF INDIVIDUALS WHO SERVED ON THE BOARD DURING THE YEAR. FORM 990, PAGE 2, PART III, LINE 4A 1. CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A. MEMBER AND STAKEHOLDER RELATIONS IN 2021 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 50 NEW MEMBERS AND TRANSITIONED 14 MEMBERS TO OUR NEW "ALLY" CATEGORY, CREATED FOR THOSE THAT WANT TO BE A PART OF OUR NETWORK BUT EITHER DO NOT OFFER DIRECT SERVICES THEMSELVES (AND THEREFORE DO NOT NEED OUR CORE SERVICES). THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT (ALL VIRTUAL THIS YEAR) COORDINATION. AS OF DECEMBER 2021, CBA HAD 574 MEMBERS AND 14 ALLIES. B. BUREAU SERVICES I. CBA REPORTER IS AN AWARD-WINNING, ONE OF A KIND SERVICE THAT OFFERS NONPROFIT AND MUNICIPAL LENDERS THE TECHNICAL ASSISTANCE, CONCRETE SOLUTIONS, AND INTERAGENCY CONNECTIONS THEY NEED TO EFFECTIVELY AND EFFICIENTLY HELP THEIR LOW- AND MODERATE-INCOME CLIENTS BUILD CREDIT AND LONG-TERM FINANCIAL CAPABILITY BY REPORTING THEIR LOW-AND MODERATE-INCOME BORROWERS' MONTHLY MICROENTERPRISE, SMALL BUSINESS, AND CONSUMER LOAN PAYMENTS TO THE MAJOR CONSUMER CREDIT BUREAUS EXPERIAN, TRANSUNION, AND EQUIFAX. CBA OFFERS A STREAMLINED ON-BOARDING PROCESS FOR GUIDING LENDER MEMBERS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO REPORT THEIR LOANS AND SUPPORTS THE REGULAR TRANSMISSION OF THAT LOAN REPAYMENT DATA. CBA PROVIDES ONGOING AND ON-DEMAND TECHNICAL ASSISTANCE TO MEMBER LENDERS, REVIEWS METRO2 DATA FOR ACCURACY, AND MONITORS THEIR BORROWERS' EOSCAR DISPUTES. IN 2021, CBA REPORTER ENABLED 231 NONPROFIT LENDERS TO REPORT OVER 68,829 TRADE LINES EVERY MONTH, TOTALING JUST OVER 2 BILLION IN CREDIT EXTENDED TO THEIR RESPECTIVE BORROWERS TO START A BUSINESS, MEET A HOUSEHOLD NEED, AND/OR SIMPLY BUILD POSITIVE PERSONAL AND BUSINESS CREDIT HISTORY. II. CBA BUSINESS REPORTER IS AN ADD-ON SERVICE THAT IN 2021 ENABLED 33 MEMBER LENDERS TO REPORT 11,933 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 573 MILLION TO THE COMMERCIAL CREDIT BUREAUS EXPERIAN BUSINESS INFORMATION SOLUTIONS AND DUN & BRADSTREET IN ORDER TO BUILD THEIR BUSINESS CREDIT PROFILES. III. CBA ACCESS ENABLES NONPROFITS TO PULL AND PURCHASE CREDIT REPORTS AND CREDIT SCORES FROM THE CREDIT BUREAUS TRANSUNION, EXPERIAN, LEXISNEXIS (FOR ACCESS TO NON-TRADITIONAL AND ALTERNATIVE CREDIT DATA), NOVA CREDIT (FOR ACCESS TO OVERSEAS CREDIT DATA), AND CHEXSYSTEMS (FOR THOSE WORKING WITH THE UNBANKED). IN 2021, CBA NEGOTIATED AN AGREEMENT WITH THE THIRD MAJOR CREDIT BUREAU, EQUIFAX, TO BEGIN TO OFFER TRADITIONAL CREDIT REPORTS UNDER OUR UMBRELLA. THIS NEW OPTION IS BEING PILOTED AND WILL OFFICIALLY LAUNCH IN 2022. CBA ACCESS OFFERS QUALIFIED MEMBERS ACCESS TO ANY OF THESE REPORTS AT POOLED PRICES IN ORDER TO UNDERWRITE LOANS, PROVIDE FINANCIAL COUNSELING AND CREDIT COACHING, AND -- WITH SOME CONTRACTUAL RESTRICTIONS -- TRACK THE CREDIT IMPROVEMENT OUTCOMES OF CLIENTS. SIMILAR TO CBA REPORTER, CBA IMPLEMENTS A STREAMLINED ON-BOARDING PROCESS TO GUIDE NONPROFITS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO ACCESS THEIR CLIENTS' CONSUMER CREDIT REPORTS. CBA ALSO OFFERS ON-DEMAND TECHNICAL ASSISTANCE AND SUPPORT TO NONPROFITS AROUND GENERAL CREDIT REPORT REVIEWS AND CODES, CREDIT REPORT SCORE INTRICACIES AND OTHER INFORMATION RELEVANT TO MEMBERS AND THEIR CLIENTS AROUND CREDIT REPORTS AND SCORES. IN 2021, CBA ACCESS ENABLED 360 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 100,000 CREDIT REPORTS THAT YEAR. C. TRAINING INSTITUTE I. CBA'S SIGNATURE CREDIT AS AN ASSET TRAINING HAS BEEN OFFERED SINCE 2008 TO NONPROFIT LENDER PRACTITIONERS, FINANCIAL COACHES AND EDUCATORS, SOCIAL SERVICE PROVIDERS AND OTHERS WORKING DIRECTLY WITH CONSUMERS AND ENTREPRENEURS TO PROMOTE FINANCIAL STABILITY AND INCLUSION. THE TRAINING AIMS TO HELP PARTICIPANTS: UNDERSTAND CREDIT BUILDING AS AN ESSENTIAL AND VIABLE ACTIVITY, FOUNDATIONAL TO THE SUCCESSFUL IMPLEMENTATION OF ANY FINANCIAL ASSET BUILDING STRATEGY FOR LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES; EXPLORE TOOLS AND DEVELOP SKILLS IN ORDER TO DESIGN, IMPLEMENT, AND MEASURE CREDIT BUILDING PROGRAMS BASED ON CLIENT NEEDS AND GOALS AS WELL AS ORGANIZATION MISSIONS AND CAPACITIES; AND ENGAGE WITH OTHER TRAINING PARTICIPANTS AND LEARN FROM CBA'S GROWING CREDIT BUILDING COMMUNITY ABOUT BEST PRACTICES IN CREDIT EDUCATION, ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS, AND MEASURING AND COMMUNICATING CLIENT CREDIT OUTCOMES. IN 2021, THE TRAINING INSTITUTE HAD A TOTAL OF 1751 (575 NEW IN 2021) REGISTERED USERS. AS OF 2021, 90 INDIVIDUALS (20 NEW IN 2020) REPRESENTING 35 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 225 INDIVIDUALS ATTENDED OUR VIRTUAL CREDIT AS AN ASSET TRAININGS IN 2021. SEPARATELY, 276 INDIVIDUALS PARTICIPATED IN ONE OF OUR MONTHLY WEBINARS FOR PRACTITIONERS. THE PERCENTAGE OF CBA MEMBERS WHO HAD STAFF PARTICIPATE IN A WEBINAR IN 2021 WAS 48%. II. UNDER THE UMBRELLA OF THE TRAINING INSTITUTE, CBA OFFERS TARGETED CREDIT BUILDING PROGRAM DESIGN, IMPLEMENTATION, AND MEASUREMENT CONSULTING TO MEMBER AND NONMEMBER NONPROFITS AND PUBLIC ENTITIES SEEKING TO DEVELOP OR ENHANCE THEIR CREDIT BUILDING EFFORTS BASED ON THEIR RESPECTIVE CLIENTS' NEEDS AND GOALS AS WELL AS ORGANIZATIONAL MISSIONS AND CAPACITIES. IN 2021 CBA MANAGED 7 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY. FORM 990, PAGE 2, PART III, LINE 4B INNOVATIONS CBA INCUBATES A NUMBER OF EMERGING AND INNOVATIVE CREDIT BUILDING INITIATIVES THAT ADVANCE ITS THEORY OF CHANGE: BUILDING CREDIT IS PART OF THE ASSET BUILDING PATHWAY TO IMPROVED FINANCIAL STABILITY AND MISSION DRIVEN NONPROFITS ARE UNIQUELY POSITIONED TO HELP THE LOW-INCOME HOUSEHOLDS THEY SERVE BUILD CREDIT AS AN ASSET. IN 2021 IN PARTICULAR, CBA CONTINUED OR NEWLY CATALYZED: A. RENT REPORTING FOR CREDIT BUILDING IN 2015, CBA FORMALLY ROLLED OUT ITS RENT REPORTING FOR CREDIT BUILDING SERVICE UPON SUCCESSFUL COMPLETION OF A PILOT FOCUSED ON HELPING AFFORDABLE AND PUBLIC HOUSING PROVIDERS REPORT THEIR RESIDENTS' RENTAL PAYMENTS AS A CREDIT BUILDING STRATEGY. IN 2021, WITH SEED FUNDING FROM EXPERIAN, CBA LAUNCHED A RENT REPORTING TECHNICAL ASSISTANCE CENTER, WHICH FUNCTIONS AS A ONE-STOP SHOP TO LOCATE ALL INFORMATION RELATED TO RENT REPORTING. THIS DIRECTORY OF REPORTING OPTIONS FOR LANDLORDS IS OF PARTICULAR ASSISTANCE IN CA TO COMPLY WITH SB 1157. B. CBA SYMPOSIUM IN 2014, CBA OFFERED ITS FIRST EVER AND INCREDIBLY POWERFUL CREDIT BUILDING SYMPOSIUM. DUE TO POPULAR DEMAND THE CREDIT BUILDING SYMPOSIUM HAS SINCE BECOME AN ANNUAL EVENT. THE SYMPOSIUM IS INTENDED TO BE A DIALOGUE BETWEEN NONPROFIT ORGANIZATIONS INVOLVED IN CREDIT BUILDING AND THOSE CORPORATE ENTITIES WHOSE BUSINESS PRACTICES INCLUDE CREDIT REPORTING, CREDIT SCORING AND/OR CREDIT GRANTING. CBA'S GOAL IS TO BROKER MORE DISCUSSION BETWEEN THESE TWO CONNECTED INDUSTRIES WITH THE INTENT OF CONTINUING TO BRIDGE GAPS IN UNDERSTANDING AND STRENGTHENING BONDS IN THE CREDIT REPORTING ARENA. AN OVERARCHING THEME FOR THE SYMPOSIUM EVERY YEAR IS THE LINKAGE BETWEEN THE WORK BEING DONE IN THE CREDIT BUILDING FIELD AND THAT OF THE BROADER ISSUES OF INCOME INEQUALITY, POVERTY REDUCTION, AND ASSET BUILDING. THE SYMPOSIUM ALSO OFFERS OUR MEMBERS AND OTHER CREDIT BUILDING INDUSTRY STAKEHOLDERS A GREAT OPPORTUNITY TO LEARN AND BUILD RELATIONSHIPS. IN 2021, CBA'S CREDIT BUILDING SYMPOSIUM STAYED VIRTUAL AS A RESULT OF THE PANDEMIC. THE SILVER LINING WAS WELL OVER 250 PEOPLE WERE ABLE TO REGISTER AND ATTEND THIS 3-DAY EVENT C. OTHER FIELD BUILDING EFFORTS SELECTED AND CONDUCTED KICK-OFF CALL WITH SIX ORGANIZATIONS TO IMPLEMENT ACHIEVING CREDIT STRENGTH TOOLKIT AND PILOT JUMP CREDIT ANALYZER TOOL WITH SUPPORT FROM WELLS FARGO. LAUNCHED RFP TO SELECT SIX ORGANIZATIONS FOCUSED ON AFFORDABLE HOUSING AND/OR HOUSING COUNSELING TO IMPLEMENT CREDIT BUILDING AND PILOT JUMP CREDIT ANALYZER TOOL WITH SUPPORT FROM JPMORGAN CHASE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 11B THE EXECUTIVE DIRECTOR AND THE FINANCE MANAGER REVIEW THE 990 TAX RETURN UPON RECEIPT FROM THE PREPARERS. THE FINANCE COMMITTEE OF THE BOARD ALSO REVIEWS THE RETURN. ALL QUESTIONS AND ISSUES ARE ANSWERED AND RESOLVED AND ANY APPROPRIATE CORRECTIONS ARE MADE TO THE RETURN. ONCE THIS PROCESS IS COMPLETE, A COPY OF THE 990 IS FORWARDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE BOARD OF DIRECTORS AND MANAGEMENT. THE ORGANIZATION REQUIRES DISCLOSURE OF ANY INTERESTS THAT MAY PRESENT A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. COMPENSATION LEVELS FOR SIMILAR ORGANIZATIONS ARE CONSIDERED IN THESE DECISIONS. FORM 990, PAGE 6, PART VI, LINE 19 THESE POLICIES AND DOCUMENTS ARE PROVIDED UPON REQUEST. CBA FUND 1701 K STREET NW STE 1000 WASHINGTON DC 20006 824272195 CRED BUILD DC 501C3 7 CBA true false true false true false false false false false false false true false true true false true false false CBA FUND D 75000 FMV CBA FUND Q 72783 FMV CBA FUND O 389972 FMV CBA FUND B 75000 FMV