Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Building Believers Trust Corporation
EIN 61-1726077 • 501(c)3 • Newark, NJ
Profile
Facilitate the transformation of the downtown university cultural district and surrounding areas in the city of newark, through new mixed-income housing and investments in high quality community facilities, and to break the cycle of poverty for low-income residents within the community through a cradle to college educational pipeline and health and wellness programs, thus making the district and surrounding areas a safe and vibrant community that is attractive to families of all income levels.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$0
Down $65,438 (-100%) from 2015
Liabilities
Down$0
Down $1,021 (-100%) from 2015
Net Assets
Down$0
Down $64,417 (-100%) from 2015
Revenue
-
No earlier filing loaded for comparison.
Expenses
-
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- -
- Expenses
- -
- Net income
- -
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.00 | $0.00 | $0.00 | |||
| 2015Detailed filing. Detailed filing data is available for this year. | $0.65 | $0.01 | $0.64 | $1.12 | $0.53 | $0.59 |
| 2014Detailed filing. Detailed filing data is available for this year. | $0.09 | $0.03 | $0.06 | $0.70 | $0.64 | $0.06 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Dec 11, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $0
Mission and Program Overview
Mission
Facilitate the transformation of the downtown university cultural district and surrounding areas in the city of newark, through new mixed-income housing and investments in high quality community facilities, and to break the cycle of poverty for low-income residents within the community through a cradle to college educational pipeline and health and wellness programs, thus making the district and surrounding areas a safe and vibrant community that is attractive to families of all income levels.
Facilitate the transformation of the downtown university cultural district and surrounding areas in the city of newark, through new mixed-income housing and investments in high quality community facilities, and to break the cycle of poverty for low-income residents with the community through a cradle to college educational pipeline and health and wellness programs, thus making the district and surrounding areas a safe and vibrant community that is attractive to families of all income levels
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION IS CURRENTLY INACTIVE | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LEONARD SPICER | Executive Director | - | $0 | - | - |
| MILDRED MOTLEY | Deputy Executive Director | - | $0 | - | - |
| LUIGI D'ANCONA | Chief Administrative Officer | - | $0 | - | - |
| DASHAY CARTER | Chief Human Resources Officer | - | $0 | - | - |
| MATTHEW DRISCOLL | Chief Financial Officer | - | $0 | - | - |
| EMILIA PEREZ | General Counsel | - | $0 | - | - |
| BISOLA TAIWO | Chief Development Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Building Believers Trust Corporation
- EIN
- 61-1726077
- Phone
- 9732736000
- Address
- 500 BROAD STREET, NEWARK, NJ 07102
Signing Officer
- Name
- Matthew Driscoll
- Title
- Chief Financial Officer
- Phone
- 9732736000
- Signed
- 2025-12-11
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Novogradac & Company Llp
- Address
- 1144 HOOPER AVENUE SUITE 203, TOMS RIVER, NJ 08753
- Preparer
- Rich Larsen
- Phone
- 7325034257
Supplemental Narrative
Additional Explanations
168(H)(6)(F)(II) Election Certification
“As the owner of 50% voting stock of chapel street 2020 llc (85-2806758), we certify that we have acknowledged chapel street 2020 llc election provided for in code section 168(h)(6)(f)(ii) in the form and manner proscribed by the internal revenue service or u.s. Treasury department.”
Raw XML Appendix132 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | LEONARD SPICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MILDRED MOTLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LUIGI D'ANCONA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DASHAY CARTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MATTHEW DRISCOLL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | EMILIA PEREZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | BISOLA TAIWO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DEPUTY EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CHIEF ADMINISTRATIVE OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CHIEF HUMAN RESOURCES OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | CHIEF FINANCIAL OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | GENERAL COUNSEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | CHIEF DEVELOPMENT OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | FACILITATE THE TRANSFORMATION OF THE DOWNTOWN UNIVERSITY CULTURAL DISTRICT AND SURROUNDING AREAS IN THE CITY OF NEWARK, THROUGH NEW MIXED-INCOME HOUSING AND INVESTMENTS IN HIGH QUALITY COMMUNITY FACILITIES, AND TO BREAK THE CYCLE OF POVERTY FOR LOW-INCOME RESIDENTS WITH THE COMMUNITY THROUGH A CRADLE TO COLLEGE EDUCATIONAL PIPELINE AND HEALTH AND WELLNESS PROGRAMS, THUS MAKING THE DISTRICT AND SURROUNDING AREAS A SAFE AND VIBRANT COMMUNITY THAT IS ATTRACTIVE TO FAMILIES OF ALL INCOME LEVELS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION IS CURRENTLY INACTIVE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | AS THE OWNER OF 50% VOTING STOCK OF CHAPEL STREET 2020 LLC (85-2806758), WE CERTIFY THAT WE HAVE ACKNOWLEDGED CHAPEL STREET 2020 LLC ELECTION PROVIDED FOR IN CODE SECTION 168(H)(6)(F)(II) IN THE FORM AND MANNER PROSCRIBED BY THE INTERNAL REVENUE SERVICE OR U.S. TREASURY DEPARTMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | 168(H)(6)(F)(II) ELECTION CERTIFICATION |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MATTHEW DRISCOLL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF FINANCIAL OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9732736000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-12-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BUILDING BELIEVERS TRUST CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BUIL |
| ReturnHeader/Filer/EIN | 0 | 611726077 |
| ReturnHeader/Filer/PhoneNum | 0 | 9732736000 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | NEWARK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07102 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 943108253 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NOVOGRADAC & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1144 HOOPER AVENUE SUITE 203 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TOMS RIVER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 08753 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7325034257 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RICH LARSEN |
| ReturnHeader/ReturnTs | 0 | 2025-12-11T16:11:01-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.