2024-07-11T18:44:46-04:00 2023-12-31 462108854 KENDALL PREBOLA AND JONES LLC PO BOX 259 BEDFORD PA 155220259 990 2023-01-01 208351782 CREDIT BUILDERS ALLIANCE INC CRED 2027309390 1701 K STREET NW STE 1000 WASHINGTON DC 20006 DARA DUGUAY CEO 2027309390 2024-07-01 true DARA DUGUAY XXX-XX-XXXX false ROBERT F PREBOLA CPA P00575666 8146231880 2024-07-01 X 2023 2023-04-26 12:10:37Z DARA DUGUAY 1701 K STREET NW STE 1000 WASHINGTON DC 20006 4747116 false X WWW.CREDITBUILDERSALLIANCE.ORG X 2006 VT TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. 19 19 33 20 0 4696983 3252678 878851 1333180 24663 150756 10502 5600497 4747116 479205 956222 0 1945564 2395999 0 10618 942492 1107915 3367261 4460136 2233236 286980 8198473 8538896 2975662 3018311 5222811 5520585 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 2933041 756536 1194230 1.CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A.MEMBER AND STAKEHOLDER RELATIONS IN 2023 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 71 NEW MEMBERS. THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT COORDINATION. AS OF DECEMBER 2023, CBA HAD 619 MEMBERS AND 12 SPECIFICALLY DESIGNATED ALLY ORGANIZATIONS. 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 2023, CBA REPORTER ENABLED 243 NONPROFIT LENDERS TO REPORT OVER 93,939 TRADE LINES EVERY MONTH, TOTALING JUST OVER 3.3 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 2023 ENABLED 51 MEMBER LENDERS TO REPORT 23,844 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 948 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, EQUIFAX, 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 2023, CBA LAUNCHED THE CORELOGIC TRI- MERGE CREDIT REPORT AND PLAID CASHFLOW UNDERWRITING INTEGRATION UNDER OUR UMBRELLA. 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 2023, CBA ACCESS ENABLED 401 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 148,991 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 2023, THE TRAINING INSTITUTE HAD A TOTAL OF 1688 (693 NEW IN 2023) REGISTERED USERS. AS OF 2023, 66 INDIVIDUALS (14 NEW IN 2022) REPRESENTING 27 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 22 INDIVIDUALS ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET BOOTCAMP WHILE 18 ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET: SMALL BUSINESS BOOTCAMP. SEPARATELY, 667 INDIVIDUALS PARTICIPATED IN ONE OR MORE OF OUR MONTHLY WEBINARS. 49.84% OF CBA MEMBERS HAD STAFF ATTEND AT LEAST ONE WEBINAR IN 2023. CBA ALSO LAUNCHED 3 NEW QUICK, ON DEMAND COURSES ON THE TRAINING INSTITUTE IN 2023. 154 INDIVIDUALS ENROLLED IN THESE COURSES. CBA LAUNCHED ON DEMAND VERSIONS OF ITS SIGNATURE CREDIT AS AN ASSET AND CREDIT AS AN ASSET: SMALL BUSINESS IN 2023. 207 INDIVIDUALS ENROLLED IN CREDIT AS AN ASSET WHILE 50 ENROLLED IN CREDIT AS AN ASSET: SMALL BUSINESS. 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 2023, CBA MANAGED 8 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY. 931839 199686 138950 2.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 2023 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 2023, CBA CONTINUED TO SUPPORT ORGANIZATIONS INTERESTED IN SETTING UP RENT REPORTING PROGRAMS VIA ITS RENT REPORTING 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. CBA STAFF ADDITIONALLY PROVIDE IMPLEMENTATION SUPPORT TO SEVERAL COHORTS OF AFFORDABLE HOUSING PROVIDERS AND ADVISE POLICYMAKERS ON BEST PRACTICES IN RENT REPORTING. 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 2023, CBA'S CREDIT BUILDING SYMPOSIUM ENGAGED STAKEHOLDERS FROM ACROSS THE COUNTRY WITH 357 REGISTRANTS C.OTHER FIELD BUILDING EFFORTS CBA LAUNCHED THE FOSTER CREDIT CHECK WEBSITE TO HIGHLIGHT FOSTER CARE AGENCIES' FEDERALLY MANDATED RESPONSIBILITY TO PULL CREDIT REPORTS FOR YOUTH IN FOSTER CARE AND TO SHARE RESOURCES ON READING AND UNDERSTANDING CREDIT REPORTS. CBA CREATED THE FINANCIAL EQUITY CONVERSATIONS (FEC) EVENT SERIES TO BRING TOGETHER NONPROFIT PRACTITIONERS, FINANCIAL SERVICES AND TECHNOLOGY COMPANIES, POLICYMAKERS, AND CONSUMERS TO DISCUSS CHALLENGES IN ACCESS TO CREDIT AND BANKING. CBA HELD THREE FEC EVENTS IN WASHINGTON, DC; CHICAGO, IL; AND OAKLAND, CA. 3864880 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 false false false false false true true true false false true 18 0 33 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 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 GIOVANNA PIOVANETTI DIRECTOR 2.00 X 0 0 0 CHUCK JONES - OUTGOING DIRECTOR 2.00 X 0 0 0 DARA DUGUAY CEO 28.00 12.00 X 197148 0 20851 JULIA GAZIZOVA CFO 28.00 12.00 X 139615 0 14539 ELISABETH JOHNSON-CRAWFORD CHIEF TECHNI 40.00 X 128102 0 13240 ZACH MORROW COO 20.00 20.00 X 125075 0 9952 RICHARD REEVE CHIEF PROGRA 36.00 4.00 X 133857 0 23066 723797 81648 5 false true false 234050 3018628 9720 3252678 CLIENT PROGRAM FEES 900099 1333180 1333180 1333180 150756 150756 OTHER REVENUE 10502 10502 10502 4747116 1343682 150756 944522 944522 11700 11700 266953 237928 28030 995 1817210 1619672 190764 6774 35525 31726 3666 133 116493 104034 12023 436 159818 142727 16494 597 10285 10285 55085 45660 9425 304073 235230 68843 15775 14297 258 1220 37135 26246 10889 91489 81720 9769 179099 69530 109569 128184 53136 75048 32024 28363 3198 463 710 710 31251 20960 10291 12423 5331 7092 SUPPLIES 192802 185000 7802 PROFESSIONAL DEVELOPMENT 9756 2359 7397 LICENSES AND FEES 7824 4739 3085 4460136 3864880 584638 10618 564111 103912 3778535 3018504 1166511 64564 54325 16279 75000 75000 98885 82513 251001 205837 73923 45164 3005491 2387183 2127469 8198473 8538896 101090 188931 358969 496192 53817 41461 2461786 2291727 2975662 3018311 X 929310 1185348 4293501 4335237 5222811 5520585 8198473 8538896 286980 10794 X false true X true false X 1431714 1404015 3267357 4696983 3252678 14052747 826837 579612 825111 878851 1333180 4443591 2258551 1983627 4092468 5575834 4585858 18496338 18496338 11217 10658 1121 24663 150756 198415 11217 10658 1121 24663 150756 198415 2269768 1994285 4093589 5600497 4736614 18694753 0.98940 0.99680 0.01000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8504 6309 2195 100433 58465 41968 142064 141063 1001 45164 OPERATING LEASE - RIGHT-OF-USE ASSET 2070365 DUE FROM RELATED ORGANIZATION 49481 SECURITY & OTHER DEPOSITS 7623 2127469 OPERATING LEASE LIABILITY 2286871 PAYROLL TAX LIABILITIES 4856 2291727 X 4757910 10794 10794 4747116 4747116 4460136 4460136 4460136 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 ORGANIZATIONS' 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 AND CBA FUND PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023, 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, 2023, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2020 THROUGH 2022 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATIONS FILE TAX RETURNS. IT IS THE ORGANIZATIONS' POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2023, THE ORGANIZATIONS HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. true ARIVA INC 69 EAST 167 ST BRONX NY 10452 320028598 501C3 25000 CREDIT BUILDING CAPITAL AREA ASSET BUILDERS 1100 H STREET NW STE 200 WASHINGTON DC 20005 522002672 501C3 10000 CREDIT BUILDING CAMEO TWO EMBARCADERO CENTER 8TH FL SAN FRANCISCO CA 94111 943246306 501C3 10000 CREDIT BUILDING CBA FUND INC 1701 K STREET NW STE 1000 WASHINGTON DC 20006 824272195 501C3 595000 CREDIT BUILDING CHARLES STEWART MOTT COMM COLLEGE 1401 E COURT ST FLINT MI 48503 381914697 501C3 6250 CREDIT BUILDING GOODWILL INDUSTRIES OF KENTUCKY IN 907 EAST BROADWAY LOUISVILLE KY 40204 610475284 501C3 6250 CREDIT BUILDING INCLUSIVE ACTION FOR THE CITY 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 270584116 501C3 6250 CREDIT BUILDING LATINO ECONOMIC DEVELOPMENT CENTER 1401 COLUMBIA RD NW C-1 WASHINGTON DC 20009 521749216 501C3 10000 CREDIT BUILDING LIFT 999 NORTH CAPITOL ST NE 310 WASHINGTON DC 20002 522168409 501C3 20000 CREDIT BUILDING SER-JOBS FOR PROGRESS OF THE TEXAS 1710 TELEPHONE RD HOUSTON TX 77023 741590387 501C3 30000 CREDIT BUILDING URBAN STRATEGIES INC 100 N BROADWAY STE 1110 ST LOUIS MO 63102 431141027 501C3 12500 CREDIT BUILDING 11 FINANCIAL ASSISTANCE 6 11700 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 191358 5790 5964 14887 217999 JULIA GAZIZOVA CFO 134983 4632 4256 10283 154154 RICHARD REEVE CHIEF PROGRAM OFFICE 129549 4308 4179 18887 156923 SCHEDULE J, PAGE 1, PART I, LINE 7 EMPLOYEES RECEIVE BONUSES THAT ARE PART OF THEIR COMPENSATION. THE AMOUNTS ARE LESS THAN 5,000 DURING 2023. 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 2023 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 71 NEW MEMBERS. THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT COORDINATION. AS OF DECEMBER 2023, CBA HAD 619 MEMBERS AND 12 SPECIFICALLY DESIGNATED ALLY ORGANIZATIONS. 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 2023, CBA REPORTER ENABLED 243 NONPROFIT LENDERS TO REPORT OVER 93,939 TRADE LINES EVERY MONTH, TOTALING JUST OVER 3.3 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 2023 ENABLED 51 MEMBER LENDERS TO REPORT 23,844 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 948 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, EQUIFAX, 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 2023, CBA LAUNCHED THE CORELOGIC TRI- MERGE CREDIT REPORT AND PLAID CASHFLOW UNDERWRITING INTEGRATION UNDER OUR UMBRELLA. 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 2023, CBA ACCESS ENABLED 401 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 148,991 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 2023, THE TRAINING INSTITUTE HAD A TOTAL OF 1688 (693 NEW IN 2023) REGISTERED USERS. AS OF 2023, 66 INDIVIDUALS (14 NEW IN 2022) REPRESENTING 27 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 22 INDIVIDUALS ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET BOOTCAMP WHILE 18 ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET: SMALL BUSINESS BOOTCAMP. SEPARATELY, 667 INDIVIDUALS PARTICIPATED IN ONE OR MORE OF OUR MONTHLY WEBINARS. 49.84% OF CBA MEMBERS HAD STAFF ATTEND AT LEAST ONE WEBINAR IN 2023. CBA ALSO LAUNCHED 3 NEW QUICK, ON DEMAND COURSES ON THE TRAINING INSTITUTE IN 2023. 154 INDIVIDUALS ENROLLED IN THESE COURSES. CBA LAUNCHED ON DEMAND VERSIONS OF ITS SIGNATURE CREDIT AS AN ASSET AND CREDIT AS AN ASSET: SMALL BUSINESS IN 2023. 207 INDIVIDUALS ENROLLED IN CREDIT AS AN ASSET WHILE 50 ENROLLED IN CREDIT AS AN ASSET: SMALL BUSINESS. 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 2023, CBA MANAGED 8 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 2.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 2023 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 2023, CBA CONTINUED TO SUPPORT ORGANIZATIONS INTERESTED IN SETTING UP RENT REPORTING PROGRAMS VIA ITS RENT REPORTING 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. CBA STAFF ADDITIONALLY PROVIDE IMPLEMENTATION SUPPORT TO SEVERAL COHORTS OF AFFORDABLE HOUSING PROVIDERS AND ADVISE POLICYMAKERS ON BEST PRACTICES IN RENT REPORTING. 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 2023, CBA'S CREDIT BUILDING SYMPOSIUM ENGAGED STAKEHOLDERS FROM ACROSS THE COUNTRY WITH 357 REGISTRANTS C.OTHER FIELD BUILDING EFFORTS CBA LAUNCHED THE FOSTER CREDIT CHECK WEBSITE TO HIGHLIGHT FOSTER CARE AGENCIES' FEDERALLY MANDATED RESPONSIBILITY TO PULL CREDIT REPORTS FOR YOUTH IN FOSTER CARE AND TO SHARE RESOURCES ON READING AND UNDERSTANDING CREDIT REPORTS. CBA CREATED THE FINANCIAL EQUITY CONVERSATIONS (FEC) EVENT SERIES TO BRING TOGETHER NONPROFIT PRACTITIONERS, FINANCIAL SERVICES AND TECHNOLOGY COMPANIES, POLICYMAKERS, AND CONSUMERS TO DISCUSS CHALLENGES IN ACCESS TO CREDIT AND BANKING. CBA HELD THREE FEC EVENTS IN WASHINGTON, DC; CHICAGO, IL; AND OAKLAND, CA. FORM 990, PAGE 6, PART VI, LINE 11B THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER 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 CHIEF EXECUTIVE OFFICER 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 B 595000 FMV CBA FUND D 75000 FMV CBA FUND O 458969 FMV CBA FUND Q 91893 FMV