Civic Intelligence

Make IT Right Foundation

990 • Fiscal year 2012 • EIN 26-0723027

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 13, 2013

Organization Profilewww.makeitright.org
912 Magazine StreetSuite70130
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

64th percentile

6.1%

Faster asset growth than 64% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$47,067,158

Up $2,704,986 (+6.1%) from 2011

Net Assets

Up

$5,733,942

Up $1,979,834 (+53%) from 2011

Liabilities

Up

$41,333,216

Up $725,152 (+1.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$7,725,857

Down $5,672,285 (-42%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $46,241,884Liabilities 2010: $39,861,486Net Assets 2010: $6,380,3982010Assets 2011: $44,362,172Liabilities 2011: $40,608,064Net Assets 2011: $3,754,1082011Assets 2012: $47,067,158Liabilities 2012: $41,333,216Net Assets 2012: $5,733,9422012Assets 2013: $45,520,566Liabilities 2013: $41,675,684Net Assets 2013: $3,844,8822013Assets 2014: $45,184,748Liabilities 2014: $42,739,179Net Assets 2014: $2,445,5692014Assets 2017: $22,120,936Liabilities 2017: $21,778,092Net Assets 2017: $342,8442017Assets 2018: $22,648,930Liabilities 2018: $22,406,375Net Assets 2018: $242,5552018

Highlighted filing

2012

Assets$47,067,158
Liabilities$41,333,216
Net Assets$5,733,942
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $16,374,8852010Expenses 2011: $13,398,1422011Expenses 2012: $7,725,8572012Revenue 2013: $7,853,658Expenses 2013: $9,742,718Net Income 2013: -$1,889,0602013Revenue 2014: $7,838,653Expenses 2014: $9,237,968Net Income 2014: -$1,399,3152014Revenue 2017: $265,943Expenses 2017: $2,066,083Net Income 2017: -$1,800,1402017Revenue 2018: $2,840,752Expenses 2018: $2,941,041Net Income 2018: -$100,2892018

Highlighted filing

2012

Revenue-
Expenses$7,725,857
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 13, 2013
Return Version
2012v2.1
Gross Receipts
$10,366,554
Mission and Program Overview

Mission

MAKE IT RIGHT develops SAFE, CRADLE TO CRADLE INSPIRED HOMES, BUILDINGS AND COMMUNITIES FOR PEOPLE IN NEED. MAKE IT RIGHT FOUNDATION WAS FOUNDED TWO YEARS AFTER HURRICANE KATRINA TO IMPROVE THE DESIGN AND PERFORMANCE OF AFFORDABLE HOUSING. INITIALLY FOCUSED ON THE LOWER-NINTH WARD AREA OF NEW ORLEANS, THE FOUNDATION LATER AMENDED ITS BYLAWS TO EXPAND TO OTHER COMMUNITIES WITHIN THE UNITED STATES AND TO SHARE ITS EXPERIENCES AND LESSONS LEARNED. THE RENEWED PURPOSE OF THE ORGANIZATION IS TO ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS ASSOCIATED WITH THE DEVELOPMENT OF AFFORDABLE, GREEN HOMES IN ECONOMICALLY CHALLENGED AREAS AND TO SHARE BEST PRACTICES ASSOCIATED WITH THE CONSTRUCTION AND DEVELOPMENT OF SUCH HOMES. DURING 2017, MAKE IT RIGHT CONTINUED ITS EFFORTS IN NEW ORLEANS, CONTINUED A PROJECT ON THE FORT PECK INDIAN RESERVATION IN MONTANA AND CONTINUED A SECOND PHASE FOR THE PROJECT IN KANSAS CITY.

Major Activities

Activity 2
Make It Right partnered with Help USA in Newark, NJ to build a 56-unit multi-family building for disabled veterans. Working within publically funded budget constraints, our goal in Newark was to construct an ultra-green building for the same cost as a conventional structure. Becoming the first LEED Platinum building in the area, the apartment complex includes sustainable features like solar power and a rooftop garden where tenants grow fresh vegetables, in addition to computer rooms, a fitness center, meeting rooms and community spaces for programs to serve veterans and the community at large. This project was completed in 2012.
Activity 3
In 2012, Make It Right continued with a project in a transitional urban community in the heart of Kansas City. This project will showcase innovative and sustainable community redevelopment strategies and cutting-edge design while providing affordable housing for 150 residents. Make It Right and its local partners are converting the vacant, historic Bancroft School into a LEED Platinum housing and community facility. Redevelopment of the Bancroft site will include 50 affordable rental units for working families, seniors and people with special needs. Half the housing units will be built in the historic school building; the other half will be new townhome structures built around the school and designed by Kansas City-based BNIM Architects. Make It Right is slated to complete this project in 2013.
Filing and Contact Details

Filer

EIN
26-0723027
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IRS990/Description0Make It Right was founded to build innovative and sustainable housing for families whose homes were destroyed in Hurricane Katrina. In pursuit of that mission, we are developing new designs, methods and materials that will improve the performance and environmental effectiveness of affordable housing. We do this by gathering the world's leading experts in design and materials, and we apply their expertise in real-life projects so that we can share lessons learned and experience gained. We also disseminate our knowledge and experience with the goal of improving the environmental and energy performance of buildings. In 2012, we accomplished the following: 1) Continued to build safe, adaptive homes in the Lower 9th Ward that meet LEED Platinum requirements. Platinum is the highest possible rating given by the US Green Building Council. To date, Make It Right has built 87 houses and began construction on another 15 homes expected to be completed in 2013. 2) Continued to work with NeighborWorks America, the premier homeownership counseling agency in the US, to provide support, training and program development. We continued to offer individual homeownership counseling services and group workshops open to the community as part of our homeownership program. During 2012, we provided an additional $1 million in first mortgage and gap financing to residents participating in the Make It Right program. 3) Shared lessons learned at various industry conferences including: Greenbuild, PopTech, Clinton Global Initiative, Technology, Etertainment & Design, Urban Land Institute, Strategic Builders Group and others.
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IRS990/MissionDescription0THE MAKE IT RIGHT FOUNDATION WAS INCORPORATED ON AUGUST 15, 2007, AS A DELAWARE NOT-FOR-PROFIT CORPORATION, TWO YEARS AFTER HURRICANE KATRINA. IT WAS FOUNDED TO HELP IMPLEMENT ACTOR BRAD PITT'S OBJECTIVE TO IMPROVE THE DESIGN AND PERFORMANCE OF AFFORDABLE HOUSING. ITS PRIMARY GOAL IS TO PROVIDE HIGH-QUALITY, ENERGY-EFFICIENT HOUSING TO FAMILIES IN NEED, AND TO IMPROVE THE DEVELOPMENT OF COMMUNITIES IN WHICH THEY LIVE. THE ORGANIZATION'S FIRST PROJECT WAS TO ASSIST IN THE SUSTAINABLE REDEVELOPMENT OF NEW ORLEANS, IN PARTICULAR, THE LOWER 9TH WARD. THE MISSION FOR THIS PROJECT IS TO BE A CATALYST FOR REDEVELOPMENT BY BUILDING A NEIGHBORHOOD COMPRISED OF SAFE AND HEALTHY HOMES, INSPIRED BY CRADLE TO CRADLE THINKING, WITH AN EMPHASIS ON HIGH-QUALITY DESIGN, WHILE PRESERVING THE SPIRIT OF THE COMMUNITY'S CULTURE. MAKE IT RIGHT LATER AMENDED ITS BYLAWS TO EXPAND BEYOND HOUSING IN NEW ORLEANS TO HELP IN OTHER AREAS AND TO SPREAD ITS KNOWLEDGE AND INTELLECTUAL PROPERTY. THEREFORE, THE REVISED
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$47,067,158
Liabilities
$41,333,216
Net assets
$5,733,942
Revenue
-
Expenses
$7,725,857
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$22.6$22.4$0.24$2.84$2.94$0.10
2017Detailed filing. Detailed filing data is available for this year.$22.1$21.8$0.34$0.27$2.07$1.80
2014Detailed filing. Detailed filing data is available for this year.$45.2$42.7$2.45$7.84$9.24$1.40
2013Detailed filing. Detailed filing data is available for this year.$45.5$41.7$3.84$7.85$9.74$1.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$41.3$5.73$7.73
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.4$40.6$3.75$13.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$39.9$6.38$16.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)3 • $25M-$50M nonprofits