Civic Intelligence

Build Change

990 • Fiscal year 2021 • EIN 35-2237155

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 15, 2022

1001 Bannock Number 467Denver, CO 80204

(303) 953-2563

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

33rd percentile

3.6%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$204,690

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-0.3%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

1.1%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$3,719,739

Down $11,860 (-0.3%) from 2020

Net Assets

Up

$3,232,942

Up $184,884 (+6.1%) from 2020

Liabilities

Down

$486,797

Down $196,744 (-29%) from 2020

Revenue

Up

$3,395,376

Up $38,509 (+1.1%) from 2020

Expenses

Up

$3,272,532

Up $213,739 (+7.0%) from 2020

Net Income

Down

$122,844

Down $175,230 (-59%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,802,195Liabilities 2012: $171,622Net Assets 2012: $1,630,5732012Assets 2013: $1,917,882Liabilities 2013: $153,444Net Assets 2013: $1,764,4382013Assets 2014: $2,453,407Liabilities 2014: $179,611Net Assets 2014: $2,273,7962014Assets 2020: $3,731,599Liabilities 2020: $683,541Net Assets 2020: $3,048,0582020Assets 2021: $3,719,739Liabilities 2021: $486,797Net Assets 2021: $3,232,9422021Assets 2022: $2,842,330Liabilities 2022: $302,976Net Assets 2022: $2,539,3542022Assets 2023: $3,288,311Liabilities 2023: $660,181Net Assets 2023: $2,628,1302023Assets 2024: $4,413,443Liabilities 2024: $1,125,024Net Assets 2024: $3,288,4192024

Highlighted filing

2021

Assets$3,719,739
Liabilities$486,797
Net Assets$3,232,942

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,591,6772012Revenue 2013: $2,706,000Expenses 2013: $2,572,135Net Income 2013: $133,8652013Revenue 2014: $4,225,973Expenses 2014: $3,763,296Net Income 2014: $462,6772014Revenue 2020: $3,356,867Expenses 2020: $3,058,793Net Income 2020: $298,0742020Revenue 2021: $3,395,376Expenses 2021: $3,272,532Net Income 2021: $122,8442021Revenue 2022: $3,846,496Expenses 2022: $4,540,084Net Income 2022: -$693,5882022Revenue 2023: $4,704,086Expenses 2023: $4,616,759Net Income 2023: $87,3272023Revenue 2024: $4,595,428Expenses 2024: $4,475,500Net Income 2024: $119,9282024

Highlighted filing

2021

Revenue$3,395,376
Expenses$3,272,532
Net Income$122,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 15, 2022
Return Version
2021v4.0
Gross Receipts
$3,395,376
Mission and Program Overview

Mission

Build change's mission is to greatly reduce deaths, injuries and economic losses caused by housing collapses and school collapses due to earthquakes and typhoons in emerging nations.

To greatly reduce deaths, injuries, and economic losses caused by housing and school collapses due to earthquakes, extreme weather, and fires. Build Change leaves in place permanent change in construction practice by building local skills and stimulating local demand.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,890,808$2,851,591▼ $39,217
Land, Buildings, and Equipment, Net$0$593,413▲ $593,413
Pledges and Grants Receivable$584,081$190,765▼ $393,316
Prepaid Expenses and Deferred Charges$32,626$38,127▲ $5,501
Accounts Receivable$199,345$33,918▼ $165,427
Intangible Assets$8,363$7,697▼ $666
Total Assets$3,731,599$3,719,739▼ $11,860
Other Assets Total$16,376$4,228▼ $12,148
Liabilities
Accounts Payable and Accrued Expenses$542,845$257,788▼ $285,057
Unsecured Notes Loans Payable-$195,700-
Deferred Revenue$140,696$33,309▼ $107,387
Other Liabilities$0$0→ $0
Total Liabilities$683,541$486,797▼ $196,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,800,110$1,700,294▼ $99,816
Net Assets With Donor Restrictions$1,247,948$1,532,648▲ $284,700
Total Net Assets Fund Balance$3,048,058$3,232,942▲ $184,884
Total Liabilities and Net Assets / Fund Balance$3,731,599$3,719,739▼ $11,860

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$593,413$245,655$839,068
Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$184,576$32,371→ $0$0$216,947
2020$180,765$3,811→ $0$0$184,576
2019$148,846$31,896▲ $23$0$180,765
2018$90,656$58,152▲ $38$0$148,846
2017$44,086$46,546▲ $24$0$90,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HauslerFounder and CEOFT$192,834$11,855$204,689
Diane DatteriControllerFT$108,620$16,733$125,353

Board Members and Trustees

NameTitle
Erin BradnerBoard Member
Grace HansonBoard Member
Hemant ShahBoard Member
Martin FisherBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,161,602
Program Service Revenue
$48,685
Investment Income
$440
Other Revenue
$184,649
All Other Contributions
$3,161,602
Change in Net Assets
$122,844

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table147$736,650Market Value
Total Noncash Contributions147$736,650-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,395,376
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,395,376
Total Revenue per Form 990
$3,395,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,239,659
Other Expenses$1,032,873
Total Fundraising Expense$336,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,157,486$353,138$214,077$1,724,701
Fees for Services Other$300,433$0$6,853$307,286
Travel$179,919$17,956$7,467$205,342
Current Officers, Directors, Trustees, and Key Employees$73,913$77,209$53,567$204,689
Payroll Taxes$106,565$29,358$19,418$155,341
Other Employee Benefits$87,965$48,046$18,917$154,928
Depreciation Depletion$143,238--$143,238
Information Technology$48,540$14,046$8,344$70,930
Office Expenses$33,748$21,020$5,360$60,128
Fees for Services Accounting$12,791$23,825$0$36,616
Occupancy$28,834$2,280$1,900$33,014
Other Expenses$32,159$0$0$32,159
Fees for Services Legal$15,623$1,656$0$17,279
Advertising$8,308$0$59$8,367
Total Functional Expenses$2,291,976$643,895$336,661$3,272,532

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,272,532
Total Expenses per Audited Statements$3,272,532
Total Expenses per Form 990$3,272,532
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
4
Employees
40
Spending
$1,490,756

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesTraining & Tech Assistance113$600,116
South AmericaProgram ServicesTraining & Tech Assistance115$584,949
Central America and the CaribbeanProgram ServicesTraining & Tech Assistance15$271,076
South AsiaProgram ServicesTraining & Tech Assistance17$34,615
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Controller prepares the tax return with review and approval by the CEO. It is then presented to the Board of Directors for final review prior to filing.

Form 990, Part VI, Section B, Line 12C

All employees, including the CEO, signs a conflict of interest document. Conflicts of interest are disclosed and those with any conflicts are not involved in decision making relevant to the conflict in question. Should a conflict arise it would be noted in the minutes an/or brought to the Board's attention if deemed significant.

Form 990, Part VI, Section B, Line 15

The Board of Directors determines and approves the compensation of the CEO. The Board reviews regional, national and industry salary comparability data including the Mountain States Employers Council compensation survey and the annual Guidestar salary survey when determining the salary of the CEO. The approval of the CEO's compensation is documented in the Board minutes. The CEO reviews and approves the salary of top management officials. The Board preapproves any new hires and their salary by virtue of approving the budgets. If a top management personell is hired outside of the previously approved budgets, the Board is informed of the details and approval is requested.

Form 990, Part VI, Section C, Line 19

The organization posts its financial statements on its own website. The organization's policies and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Build Change
EIN
35-2237155
Phone
3039532563
Address
1001 Bannock Number 467, Denver, CO 80204

Signing Officer

Name
Elizabeth Hausler
Title
CEO with Fiscal Responsibility
Phone
3039532563
Signed
2022-09-15

Organization Details

Principal Officer
Elizabeth Hausler
Formed
2004
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
18
Volunteers
15
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Build Change began to expand its services to the United States

Form 990, Part III, Line 4D

The Philippines: Emerging from a difficult year in 2020, Build Change's Philippines team set out to complete projects that had been delayed in the past year due to challenges posed by the pandemic. Together with our microfinance partners in the Philippines, over 100 women accessed affordable financing options to repair and strengthen their homes - up from 14 loans in 2020. Coupled with this growth was a campaign to raise awareness of housing loans, rolled out across various pilot locations and reaching over 7,500 people, far surpassing the initial target reach of 5,000. Philippines Expenses: $470,188 Revenue $65,662 Nepal: The publication of a series of documents by the National Reconstruction Authority with Build Change and partners, ensures that valuable knowledge and experience from the 2015 earthquake reconstruction is captured. These include a retrofitting manual and a guidance document comprising lessons learned and proposed next steps. Expenses: $34,615 Revenue: $39,588 Innovations: The Engineering and Design team participated in 21 events, delivering 30 presentations across 11 different speakers, covering engineering, humanitarian, governmental and climate topics. The Intelligent Supervision Assistant for Construction leverages open-source AI technology to rapidly assess houses and categorize vulnerable buildings. Scalable, adaptable, cost-effective technology such as this can make it easier, cheaper, and faster to build safety and improve housing resilience around the world. The Build Change Guide ito Resilient Housing: An Essential Handbook for Governments and Practitioners is a comprehensive handbook with practical tools for designing and implementing homeowner-driven resilient housing programs at scale, drawing on our experience in 24 countries. Expenses: $777,454 Grants: $400,000 Revenue: $48,781 United States: The development and needs assessment of a program to assist the vulnerable population based in the United States needs was begun in 2021. Expenses: $23,766 Revenue: $51

Financial Statement Notes

Schedule D, Part V, Line 4

Funds set aside for future use as determined by the Board of Directors

Schedule D, Part X, Line 2

In accordance with generally accepted accounting principles, a private entity is required to disclose any material uncertain tax positions that management believes does not meet a "more-likely-than-not" standard of being sustained under an income tax audit and to record a liability for any such taxes including penalty and interest. Management of the organization has not identified any uncertain tax positions that require the recording of a liability mentioned aboce or further disclosure.

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IRS990/Desc0Latin America: With technical assistance from Build Change, the city of Bogota now has their own in-house permitting agency, dedicated exclusively to upgrades for existing informal housing. This has been instrumental in creating a clear pathway to safer housing in the city. 140 permits were granted for structural strengthening and expansion of homes in 2021 alone, compared to 12 in the previous 7 years. Furthermore, we transferred technical, technological and institutional capacities to the government of Bogota to structure and run the Plan Terazas program, which includes the systematic structural improvement of informal housing. This is the first time such a project has been implemented, both for the country and the region. The approval of a $136M loan by the World Bank marks a watershed moment for progress in Colombia, signaling widespread endorsement for structural home improvements and support for national scaling. Key to this has been Build Change's on-the-ground demonstration and long-term advocacy efforts, with work in Colombia beginning in 2012, and subsequently as part of the World Bank's Global Programs for Resilient Housing. The funding is also a powerful demonstration of how philanthropic capital can unlock public and private investment. Build Change and the Honduran Red Cross are supporting families living in flood zones to build resilient second stories. These safe, autonomous living spaces provide refuge & increase home value. Three demonstration homes are nearing completion, with seven more underway.
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IRS990/MissionDesc0Build Change saves lives in earthquakes and windstorms by working with people in emerging nations to build homes and schools that will protect their families.
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IRS990/PrincipalOfficerNm0Elizabeth Hausler
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IRS990/ProgSrvcAccomActy2Grp/Desc0Caribbean: Thousands of vulnerable families in the Bahamas are still feeling the impacts of Hurricane Dorian, unable to rebuild their homes. In 2021, a comprehensive needs assessment of the policy, finance and technical environment for housing helped identify some of the key barriers preventing families from rebuilding. Climate-resilient homes in Sint Maarten and Dominica are helping to keep families safe from future threats. More than 100 homes were built or strengthened in 2021 with many more underway. This work was completed by the national government of these countries, to whom Build Change provided services. Embedded in the rebuilding effort are policy change systems, tools, and training to support long-term rebuilding and incentivize resilient construction. By applying permanent solutions rapidly after disasters, we can maximize investments while minimizing reliance on temporary fixes. Six housing retrofits have been completed following the August earthquake in Haiti, with ten more planned. Three years on, the Haitian brickmaking businesses we trained are still producing high-quality materials: Better blocks and local jobs are key to earthquake and economic recovery in Haiti. We are expanding REZO - "Network" in Haitian Creole - to provide technical and business to local businesses, new and old.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Indonesia: A key accomplishment of the Indonesia team was the completion of a 12-month consultancy with the World Bank in Central Sulawesi, focusing on 20 school, university, hospital, and government buildings. This work included guidelines for and training on how to strengthen public buildings. More than 5,000 students, teachers, and administrators have indirectly benefitted from our work on this project.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0See Schedule O - Program services for the Philippines, Nepal, Innovations and the United States programs.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Exchange rate losses or gains and income from forgiveness of a PPP loan
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