Overview
What is Credit Builders Alliance Inc?
Credit Builders Alliance Inc, based in Washington D.C., is a nonprofit organization dedicated to empowering organizations and individuals towards financial prosperity. They specialize in credit building, offering a range of services including member and stakeholder relations, credit bureau services, and a training institute. The member and stakeholder relations team onboarded 50 new members and 14 allies in 2021, providing support and communication for their network. The award-winning CBA Reporter service helps nonprofit and municipal lenders effectively report low-income borrowers' payments to major credit bureaus, enabling them to build credit and financial capability. Additionally, CBA Business Reporter, CBA Access, and the Training Institute offer various credit reporting, technical assistance, and training options to nonprofits. With a mission to bridge the gap in credit building activities for non-traditional financial service providers, CBA aims to assist organizations in moving their clients from poverty to prosperity. As of 2021, the organization had 574 members and 14 allies, and the CBA Training Institute had 1751 registered users.
Official website here: www.creditbuildersalliance.org
Is Credit Builders Alliance Inc legitimate?
Credit Builders Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Credit Builders Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $182,614
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,515,150
For more financial information, click here
Official website here: www.creditbuildersalliance.org
What is the mission statement of Credit Builders Alliance Inc?
Credit Builders Alliance Inc's mission is centered around assisting organizations in facilitating the transition of individuals from poverty to prosperity. This is achieved through credit building. The alliance accomplishes this by enhancing the capabilities of its nonprofit and municipal members to implement strategies that enable their clients to improve their credit scores and gain access to the financial mainstream. Credit Builders Alliance Inc serves as a bridge, filling a gap in credit building activities for non-traditional financial service providers. Their activities span a continuum, allowing them to cater to their members' needs at various stages of the credit building process.
Official website here: www.creditbuildersalliance.org
Who is the CEO of Credit Builders Alliance Inc?
Dara Duguay is the Chair of Credit Builders Alliance Inc. The CEO's salary of Credit Builders Alliance Inc is $118,390 and their total compensation is $188,280.
Official website here: www.creditbuildersalliance.org
What is the revenue of Credit Builders Alliance Inc?
Credit Builders Alliance Inc's revenue in 2022 was $5,600,497.
Official website here: www.creditbuildersalliance.org
Who are the executives of Credit Builders Alliance Inc and what are their salaries?
The average compensation at Credit Builders Alliance Inc during 2022 was $40,423. There are 42 employees and 25 volunteers at Credit Builders Alliance Inc.
Here are 29 key members and their salaries (Credit Builders Alliance Inc's CEO's salary is $118,390 and their total compensation is $188,280):
- Dara Duguay (Ceo)
- Elisabeth Johnson-Crawford (Chief Techni)
- Julia Gazizova (Sr Director,)
- Mariana Ippolito (Cfo)
- Donovan Duncan (Chair) [Trustee/Director]
- Eric Ellman (Vice Chair) [Trustee/Director]
- Kevin Fryatt (Treasurer) [Trustee/Director]
- Margaret Libby (Secretary) [Trustee/Director]
- Cindy Logsdon (Director)
- Abigail Lovell (Director)
- Seth Julyan (Director)
- Courtney Brinkman (Director)
- Derison Puntier (Director)
- Laurie Husaby (Director)
- Dwayne Keys (Director)
- Chuck Jones (Director)
- Aparna Sarin (Director)
- Priscilla Woo (Director)
- Cy Richardson (Director)
- Dinesh Wadhwani (Director)
- Shawna Collier (Director)
- Valecia Quinn (Director)
- Jeff Richardson (Director)
- Laura Fisher - Outgoing (Chair) [Trustee/Director]
- Celina Pena - Outgoing (Secretary) [Trustee/Director]
- Jack Brummel - Outgoing (Director)
- Christopher Hobday - Outgoing (Director)
- Joyce Klein - Outgoing (Director)
- Isis Salmeron - Outgoing (Director)
Official website here: www.creditbuildersalliance.org
Where can I find the form 990 for Credit Builders Alliance Inc?
The Credit Builders Alliance Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.creditbuildersalliance.org
Learn more at the official website: www.creditbuildersalliance.org
Mission Statement of Credit Builders Alliance Inc
Credit Builders Alliance Inc, a nonprofit organization, is committed to assisting other organizations in propelling individuals from poverty to prosperity. They achieve this objective by enhancing the capabilities of their nonprofit and municipal members to implement strategies that empower their clients to build credit and integrate into the financial mainstream. The organization serves as a bridge, filling a gap in credit building activities for non-traditional financial service providers. Credit Builders Alliance Inc's activities span a continuum, allowing them to cater to their members' needs at any stage of the credit building process.
Impact
This information is meant to be a general summary of Credit Builders Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Builders Alliance Inc's impact can be seen in its efforts to help organizations move people from poverty to prosperity through credit building. They provide core platform services such as member and stakeholder relations, credit bureau services, and a training institute. In 2021, Credit Builders Alliance Inc supported the onboarding of 50 new members and transitioned 14 members to a new "ally" category. They also facilitated the reporting of over 2 billion in credit extended to low- and moderate-income borrowers, enabling them to start businesses, meet household needs, and build positive credit history. Additionally, their training institute reached 1751 registered users, with 225 attending virtual training sessions in 2021. Through their consulting services, Credit Builders Alliance Inc assisted organizations in enhancing their credit building efforts. Overall, Credit Builders Alliance Inc plays a crucial role in bridging the gap for non-traditional financial service providers and helping individuals improve their financial well-being through credit building strategies.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT PROGRAM FEES
Revenue
$878,851
Organization Details
Founding Year
2006
Phone
(202) 730-9390
Principal Officer
Dara Duguay
Main Address
1701 K STREET NW STE 1000, WASHINGTON, DC, 20006
NTEE Category
Code: Y02 - Mutual benefit
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