Civic Intelligence

Build Change

990 • Fiscal year 2022 • EIN 35-2237155

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

1001 Bannock Street Suite 467Denver, CO 80204

(303) 953-2563

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$223,698

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

6th percentile

-24%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,842,330

Down $877,409 (-24%) from 2021

Net Assets

Down

$2,539,354

Down $693,588 (-21%) from 2021

Liabilities

Down

$302,976

Down $183,821 (-38%) from 2021

Revenue

Up

$3,846,496

Up $451,120 (+13%) from 2021

Expenses

Up

$4,540,084

Up $1,267,552 (+39%) from 2021

Net Income

Down

-$693,588

Down $816,432 (-665%) from 2021

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

2022

Assets$2,842,330
Liabilities$302,976
Net Assets$2,539,354

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

2022

Revenue$3,846,496
Expenses$4,540,084
Net Income-$693,588
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$3,846,496
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$2,851,591$2,336,718▼ $514,873
Land, Buildings, and Equipment, Net$593,413$347,863▼ $245,550
Pledges and Grants Receivable$190,765$67,851▼ $122,914
Prepaid Expenses and Deferred Charges$38,127$59,249▲ $21,122
Accounts Receivable$33,918$22,895▼ $11,023
Intangible Assets$7,697$7,031▼ $666
Total Assets$3,719,739$2,842,330▼ $877,409
Other Assets Total$4,228$723▼ $3,505
Liabilities
Accounts Payable and Accrued Expenses$257,788$290,469▲ $32,681
Unsecured Notes Loans Payable$195,700$0▼ $195,700
Deferred Revenue$33,309$12,507▼ $20,802
Other Liabilities$0$0→ $0
Total Liabilities$486,797$302,976▼ $183,821
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,700,294$1,844,247▲ $143,953
Net Assets With Donor Restrictions$1,532,648$695,107▼ $837,541
Total Net Assets Fund Balance$3,232,942$2,539,354▼ $693,588
Total Liabilities and Net Assets / Fund Balance$3,719,739$2,842,330▼ $877,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$347,863$491,205$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$216,947$125,879→ $0$0$342,826
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HauslerFounder and CEOFT$197,186$26,512$223,698
Diane DatteriControllerFT$121,820$29,548$151,368
Sharon G CooleyVice President of DevelopmentFT$119,394$11,395$130,789
Mary L CollinsVice President of EngineeringFT$111,260$19,417$130,677
Sibel BerzegPresidentFT$113,332$13,662$126,994
Monica SchroederDirector of AdvocacyFT$105,230$4,438$109,668

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
$3,615,729
Program Service Revenue
$240,697
Investment Income
$680
Other Revenue
$-10,610
All Other Contributions
$3,420,029
Change in Net Assets
$-693,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,846,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,846,496
Total Revenue per Form 990
$3,846,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,119,130
Other Expenses$1,264,354
Total Fundraising Expense$973,355
Grants and Similar Amounts Paid$156,600
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,318,561$444,450$694,648$2,457,659
Travel$241,447$34,431$38,839$314,717
Other Employee Benefits$152,414$48,864$57,810$259,088
Depreciation Depletion$245,550--$245,550
Fees for Services Other$164,230$44,429$27,151$235,810
Current Officers, Directors, Trustees, and Key Employees$59,884$79,374$84,439$223,697
Payroll Taxes$90,690$44,570$43,426$178,686
Foreign Grants$156,600--$156,600
Information Technology$62,841$20,941$14,582$98,364
Office Expenses$47,825$26,367$11,181$85,373
Fees for Services Accounting$12,750$23,400-$36,150
Other Expenses$6,021$26,420$659$33,100
Insurance$792$20,708$471$21,971
Occupancy$11,618$3,641$43$15,302
Fees for Services Legal$11,776--$11,776
Total Functional Expenses$2,749,100$817,629$973,355$4,540,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,540,084
Total Expenses per Audited Statements$4,540,084
Total Expenses per Form 990$4,540,084
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
5
Employees
30
Spending
$1,637,094

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
South AmericaProgram ServicesTechnology & Tech Services112$704,584
East Asia and the PacificProgram ServicesTraining & Tech Assistance211$567,146
Central America and the CaribbeanProgram ServicesTraining & Tech Assistance11$329,852
South AsiaProgram ServicesTraining & Tech Assistance16$35,512
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
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 and/or brought to the Board's attention if deemed signficiant.

Form 990, Part VI, Section B, Line 15

The Board of Directors determines and approves the compensation of the CEO. The Board reviews salary comparability data 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 executive employees. The Board preapproves any new hires and their salary by virtue of approving the budgets. If a executive employee 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 organizations 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 Street Suite 467, Denver, CO 80204

Signing Officer

Name
Elizabeth Hausler
Title
CEO with Fiscal Responsibility
Phone
3039532563
Signed
2023-11-14

Organization Details

Principal Officer
Elizabeth Hausler
Formed
2004
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
24
Volunteers
4
Supplemental Narrative

Additional Explanations

Form 990, Part III (Cont. 4)

Caribbean: In what remains a challenging political and economic environment, in 2022 Build Change was one of the only organizations successfully rebuilding housing in Haiti following the 7.2-magnitude earthquake of August 2021 - a testament to our homeowner-led model, 100% local team, and our experience working in Haiti over a decade. Indonesia: A new partnership with microfinance institution KOMIDA will enable us to start offering similar financial and technical support for resilient housing to families in Indonesia. A pilot phase was completed in 2022. Build Change has restarted its Safer Schools Program to strengthen vulnerable schools so that children can learn and play in safer environments, with one school retrofit already underway. This decision comes following the devastating earthquake in the Cianjur region of the West Java province in November, which revealed the significant vulnerability that continues to prevail in school infrastructure across Indonesia. Nepal: Build Change partnered with the National Disaster Risk Reduction and Management Authority to provide continued technical assistance for resilient housing in Nepal. As part of this, we carried out critical risk assessments for homes at risk of landslides following two magnitude-6+ earthquakes in Khotan and Doti in 2022. We continue to provide materials, training, and technical support that help the government to prevent buildings from collapsing in future disasters. Advocacy: Build Change lead discussions on climate-resilient housing. Build Change hosted "Driving Policy Action for Climate Resilient Housing", a discussion around issues of global policy. Build Change Founder & CEO, Elizabeth Hausler spoke at FEMA's "Alliances for Inclusive Resilience" annual forum. Build Change's VP of Engineering Lizzie Collins, presented before the Florida Housing Coalition following Hurricane Ian in September on "Integrating disaster prevention and resilience into the housing ecosystem at the household level for Florida's frontline communities." Housing and Finance: Build Change continues to partner with Airbnb to provide housing for those in need.

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 above or further disclosure.

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IRS990/Desc0Latin America: Exponential progress in Colombia has led to the improvement of over 110,000 homes nationally to date. Build Change's critical contributions since 2014 have helped develop, implement, and scale housing programs that better incorporate disaster resilience, while driving essential policy changes, permitting and subsidy reforms, and hundreds of millions of dollars in public investment. In 2022, the construction phase of the Build Change-supported program Plan Terrazas got underway, to support 1,250 low-income households in vulnerable informal housing in Bogota with risk management and poverty alleviation through a combination of structural home improvement and expansion. Building on the learning and success of our work in Bogota, we also launched a program with the housing authority of Bucaramanga, a city situated above one of the highest concentrations of seismic activity in the world, Build Change is supporting the city to integrate resilience into its existing home improvement programs, to initially make 560 homes more earthquake resilient. In Honduras, damages from climate hazards are expected to double in the next 20 years. Build Change's program with the Honduran Red Cross has been helping families in the flood-prone Sula Valley to adapt their homes against hurricanes and flooding while also addressing relevant seismic risk.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Diane Datteri
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President of Engineering
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director of Advocacy
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
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IRS990/FormationYr02004
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IRS990/MissionDesc0Our mission is to greatly reduce deaths, injuries, and economic losses caused by housing and school collapses due to earthquakes, extreme weather and fires.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt048864
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0259088
IRS990/OtherExpensesGrp/Desc0Housing Subsidies
IRS990/OtherExpensesGrp/Desc1Transport and Freight
IRS990/OtherExpensesGrp/Desc2Training Supplies & Equipment
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IRS990/OtherExpensesGrp/FundraisingAmt1106
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt0121550
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IRS990/OtherExpensesGrp/ProgramServicesAmt36021
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IRS990/OtherExpensesGrp/TotalAmt110073
IRS990/OtherExpensesGrp/TotalAmt234618
IRS990/OtherExpensesGrp/TotalAmt333100
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IRS990/OtherRevenueTotalAmt0-10610
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0694648
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IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/FundraisingAmt043426
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044570
IRS990/PayrollTaxesGrp/ProgramServicesAmt090690
IRS990/PayrollTaxesGrp/TotalAmt0178686
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0190765
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt067851
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038127
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt059249
IRS990/PrincipalOfficerNm0Elizabeth Hausler
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IRS990/ProgSrvcAccomActy2Grp/Desc0Innovations: In 2022, the Engineering, Design and Technology team expanded Build Change's capacity and position as a trusted advisor and innovator for other development agencies, donors, governments, and organizations for resilient housing through excellent, client-focused program solutions. Key achievements include: developing "Resilient Housing in a Box", supporting the Institute for Building Technology and Safety with the development of a regional capacity-building strategy, and providing continued remote system support and technical capacity building to the Dominica Housing Recovery Project.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Philippines: Build Change delivered training to 300 homeowners and 45 builders in Cebu and Bohol provinces as part of our post-Typhoon Odette assistance work with the Philippines Disaster Resilience Foundation (PDRF). Build Change is working with local microfinance partners to incentivize preventative home strengthening and make it accessible to low-income families. In 2022 our innovative home strengthening loans with technical assistance enabled hundreds of women in the Philippines to make critical structural improvements to their homes before the next disaster.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0424374
IRS990/ProgSrvcAccomActy3Grp/GrantAmt046419
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt019124
IRS990/ProgSrvcAccomActyOtherGrp/Desc0See Schedule O - Program services for the Caribbean, Indonesia, Nepal, Advocacy, Housing and Finance and the United States programs.
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0467534
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt010408
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IRS990/RegularMonitoringEnfrcInd01
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Foreign exchange difference and miscellaneous revenue
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03161604
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