2025-07-07T18:54:11-04:00 2024-12-31 462108854 KENDALL PREBOLA AND JONES LLC PO BOX 259 BEDFORD PA 155220259 990 2024-01-01 208351782 CREDIT BUILDERS ALLIANCE INC CRED 2027309390 1701 K STREET NW STE 1000 WASHINGTON DC 20006 DARA DUGUAY CEO 2027309390 2025-07-07 true true ROBERT F PREBOLA CPA P00575666 8146231880 2025-07-07 X 2024 2025-03-06 01:10:19Z DARA DUGUAY 1701 K STREET NW STE 1000 WASHINGTON DC 20006 9428687 false X WWW.CREDITBUILDERSALLIANCE.ORG X 2006 VT TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. 17 17 35 21 0 3252678 2866937 1333180 1376134 150756 278724 10502 366492 4747116 4888287 956222 689716 0 2395999 2790732 0 14713 1107915 1508261 4460136 4988709 286980 -100422 8538896 8552319 3018311 3142950 5520585 5409369 X CBA'S MISSION IS TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. WE DO THIS BY BUILDING THE CAPACITY OF OUR NONPROFIT AND MUNICIPAL MEMBERS TO IMPLEMENT STRATEGIES NECESSARY TO HELP THEIR CLIENTS BUILD CREDIT AND ENTER THE FINANCIAL MAINSTREAM. CBA FILLS A VOID BY BEING A BRIDGE FOR CREDIT BUILDING ACTIVITIES FOR NON- TRADITIONAL FINANCIAL SERVICE PROVIDERS. OUR ACTIVITIES FALL ALONG A CONTINUUM, WHICH ALLOWS CBA TO MEET OUR MEMBERS' NEEDS AT WHEREVER POINT THEY MAY BE IN THE CREDIT BUILDING PROCESS. false false 3388176 466079 1255060 1.CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A.MEMBER AND STAKEHOLDER RELATIONS IN 2024 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 71 NEW MEMBERS. THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT COORDINATION. AS OF DECEMBER 2024, CBA HAD 637 MEMBERS AND 9 SPECIFICALLY DESIGNATED ALLY ORGANIZATIONS. B.BUREAU SERVICES I.CBA REPORTER IS AN AWARD-WINNING, ONE OF A KIND SERVICE THAT OFFERS NONPROFIT AND MUNICIPAL LENDERS THE TECHNICAL ASSISTANCE, CONCRETE SOLUTIONS, AND INTERAGENCY CONNECTIONS THEY NEED TO EFFECTIVELY AND EFFICIENTLY HELP THEIR LOW- AND MODERATE-INCOME CLIENTS BUILD CREDIT AND LONG-TERM FINANCIAL CAPABILITY BY REPORTING THEIR LOW-AND MODERATE-INCOME BORROWERS' MONTHLY MICROENTERPRISE, SMALL BUSINESS, AND CONSUMER LOAN PAYMENTS TO THE MAJOR CONSUMER CREDIT BUREAUS EXPERIAN, TRANSUNION, AND EQUIFAX. CBA OFFERS A STREAMLINED ON-BOARDING PROCESS FOR GUIDING LENDER MEMBERS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO REPORT THEIR LOANS AND SUPPORTS THE REGULAR TRANSMISSION OF THAT LOAN REPAYMENT DATA. CBA PROVIDES ONGOING AND ON-DEMAND TECHNICAL ASSISTANCE TO MEMBER LENDERS, REVIEWS METRO2 DATA FOR ACCURACY, AND MONITORS THEIR BORROWERS' EOSCAR DISPUTES. IN 2024, CBA REPORTER ENABLED 259 NONPROFIT LENDERS TO REPORT OVER 112,225 TRADE LINES EVERY MONTH, TOTALING JUST OVER 3.8 BILLION IN CREDIT EXTENDED TO THEIR RESPECTIVE BORROWERS TO START A BUSINESS, MEET A HOUSEHOLD NEED, AND/OR SIMPLY BUILD POSITIVE PERSONAL AND BUSINESS CREDIT HISTORY. II.CBA BUSINESS REPORTER IS AN ADD-ON SERVICE THAT IN 2024 ENABLED 50 MEMBER LENDERS TO REPORT 25,752 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 1.28 BILLION TO THE COMMERCIAL CREDIT BUREAUS EXPERIAN BUSINESS INFORMATION SOLUTIONS AND DUN & BRADSTREET IN ORDER TO BUILD THEIR BUSINESS CREDIT PROFILES. III.CBA ACCESS ENABLES NONPROFITS TO PULL AND PURCHASE CREDIT REPORTS AND CREDIT SCORES FROM THE CREDIT BUREAUS TRANSUNION, EXPERIAN, EQUIFAX, LEXISNEXIS (FOR ACCESS TO NON-TRADITIONAL AND ALTERNATIVE CREDIT DATA), AND CHEXSYSTEMS (FOR THOSE WORKING WITH THE UNBANKED). IN 2024, CBA CONTINUED ITS OFFERING OF THE CORELOGIC TRI-MERGE CREDIT REPORT UNDER OUR UMBRELLA. CBA ACCESS OFFERS QUALIFIED MEMBERS ACCESS TO ANY OF THESE REPORTS AT POOLED PRICES IN ORDER TO UNDERWRITE LOANS, PROVIDE FINANCIAL COUNSELING AND CREDIT COACHING, AND -- WITH SOME CONTRACTUAL RESTRICTIONS -- TRACK THE CREDIT IMPROVEMENT OUTCOMES OF CLIENTS. SIMILAR TO CBA REPORTER, CBA IMPLEMENTS A STREAMLINED ON-BOARDING PROCESS TO GUIDE NONPROFITS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO ACCESS THEIR CLIENTS' CONSUMER CREDIT REPORTS. CBA ALSO OFFERS ON-DEMAND TECHNICAL ASSISTANCE AND SUPPORT TO NONPROFITS AROUND GENERAL CREDIT REPORT REVIEWS AND CODES, CREDIT REPORT SCORE INTRICACIES AND OTHER INFORMATION RELEVANT TO MEMBERS AND THEIR CLIENTS AROUND CREDIT REPORTS AND SCORES. IN 2024, CBA ACCESS ENABLED 415 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 172,372 CREDIT REPORTS THAT YEAR. C.TRAINING INSTITUTE I.CBA'S SIGNATURE CREDIT AS AN ASSET TRAINING HAS BEEN OFFERED SINCE 2008 TO NONPROFIT LENDER PRACTITIONERS, FINANCIAL COACHES AND EDUCATORS, SOCIAL SERVICE PROVIDERS AND OTHERS WORKING DIRECTLY WITH CONSUMERS AND ENTREPRENEURS TO PROMOTE FINANCIAL STABILITY AND INCLUSION. THE TRAINING AIMS TO HELP PARTICIPANTS: UNDERSTAND CREDIT BUILDING AS AN ESSENTIAL AND VIABLE ACTIVITY, FOUNDATIONAL TO THE SUCCESSFUL IMPLEMENTATION OF ANY FINANCIAL ASSET BUILDING STRATEGY FOR LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES; EXPLORE TOOLS AND DEVELOP SKILLS IN ORDER TO DESIGN, IMPLEMENT, AND MEASURE CREDIT BUILDING PROGRAMS BASED ON CLIENT NEEDS AND GOALS AS WELL AS ORGANIZATION MISSIONS AND CAPACITIES; AND ENGAGE WITH OTHER TRAINING PARTICIPANTS AND LEARN FROM CBA'S GROWING CREDIT BUILDING COMMUNITY ABOUT BEST PRACTICES IN CREDIT EDUCATION, ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS, AND MEASURING AND COMMUNICATING CLIENT CREDIT OUTCOMES. IN 2024, THE TRAINING INSTITUTE HAD A TOTAL OF 2,622 (934 NEW IN 2024) REGISTERED USERS. AS OF DECEMBER 2024, 66 INDIVIDUALS (11 NEW IN 2024) REPRESENTING 26 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 21 INDIVIDUALS ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET BOOTCAMP WHILE 16 ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET: SMALL BUSINESS BOOTCAMP. SEPARATELY, 718 INDIVIDUALS PARTICIPATED IN ONE OR MORE OF OUR MONTHLY WEBINARS. 49.14% OF CBA MEMBERS HAD STAFF ATTEND AT LEAST ONE WEBINAR IN 2024. CBA ALSO LAUNCHED 5 NEW COURSES IN 2024, INCLUDING VERSIONS FOR THE CREDIT REPORTER AND BUSINESS CREDIT REPORTER COURSES AND A NEW VERSION OF CREDIT HEALTH FOR YOUTH IN FOSTER CARE. IN TOTAL, 421 TI USERS TOOK THESE COURSES IN 2024. II.UNDER THE UMBRELLA OF THE TRAINING INSTITUTE, CBA OFFERS TARGETED CREDIT BUILDING PROGRAM DESIGN, IMPLEMENTATION, AND MEASUREMENT CONSULTING TO MEMBER AND NONMEMBER NONPROFITS AND PUBLIC ENTITIES SEEKING TO DEVELOP OR ENHANCE THEIR CREDIT BUILDING EFFORTS BASED ON THEIR RESPECTIVE CLIENTS' NEEDS AND GOALS AS WELL AS ORGANIZATIONAL MISSIONS AND CAPACITIES. IN 2024, CBA MANAGED 7 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY. 1095654 223637 121074 2.INNOVATIONS CBA INCUBATES A NUMBER OF EMERGING AND INNOVATIVE CREDIT BUILDING INITIATIVES THAT ADVANCE ITS THEORY OF CHANGE: BUILDING CREDIT IS PART OF THE ASSET BUILDING PATHWAY TO IMPROVED FINANCIAL STABILITY AND MISSION DRIVEN NONPROFITS ARE UNIQUELY POSITIONED TO HELP THE LOW-INCOME HOUSEHOLDS THEY SERVE BUILD CREDIT AS AN ASSET. IN 2024 IN PARTICULAR, CBA CONTINUED OR NEWLY CATALYZED: A.RENT REPORTING FOR CREDIT BUILDING IN 2015, CBA FORMALLY ROLLED OUT ITS RENT REPORTING FOR CREDIT BUILDING SERVICE UPON SUCCESSFUL COMPLETION OF A PILOT FOCUSED ON HELPING AFFORDABLE AND PUBLIC HOUSING PROVIDERS REPORT THEIR RESIDENTS' RENTAL PAYMENTS AS A CREDIT BUILDING STRATEGY. IN 2024, CBA CONTINUED TO SUPPORT ORGANIZATIONS INTERESTED IN SETTING UP RENT REPORTING PROGRAMS VIA ITS RENT REPORTING CENTER, WHICH FUNCTIONS AS A ONE-STOP SHOP TO LOCATE ALL INFORMATION RELATED TO RENT REPORTING. CBA STAFF ADDITIONALLY PROVIDE IMPLEMENTATION SUPPORT TO SEVERAL COHORTS OF AFFORDABLE HOUSING PROVIDERS AND ADVISE POLICYMAKERS ON BEST PRACTICES IN RENT REPORTING. B.CBA SYMPOSIUM IN 2014, CBA OFFERED ITS FIRST EVER AND INCREDIBLY POWERFUL CREDIT BUILDING SYMPOSIUM. DUE TO POPULAR DEMAND THE CREDIT BUILDING SYMPOSIUM HAS SINCE BECOME AN ANNUAL EVENT. THE SYMPOSIUM IS INTENDED TO BE A DIALOGUE BETWEEN NONPROFIT ORGANIZATIONS INVOLVED IN CREDIT BUILDING AND THOSE CORPORATE ENTITIES WHOSE BUSINESS PRACTICES INCLUDE CREDIT REPORTING, CREDIT SCORING AND/OR CREDIT GRANTING. CBA'S GOAL IS TO BROKER MORE DISCUSSION BETWEEN THESE TWO CONNECTED INDUSTRIES WITH THE INTENT OF CONTINUING TO BRIDGE GAPS IN UNDERSTANDING AND STRENGTHENING BONDS IN THE CREDIT REPORTING ARENA. AN OVERARCHING THEME FOR THE SYMPOSIUM EVERY YEAR IS THE LINKAGE BETWEEN THE WORK BEING DONE IN THE CREDIT BUILDING FIELD AND THAT OF THE BROADER ISSUES OF INCOME INEQUALITY, POVERTY REDUCTION, AND ASSET BUILDING. THE SYMPOSIUM ALSO OFFERS OUR MEMBERS AND OTHER CREDIT BUILDING INDUSTRY STAKEHOLDERS A GREAT OPPORTUNITY TO LEARN AND BUILD RELATIONSHIPS. IN 2024, CBA'S CREDIT BUILDING SYMPOSIUM ENGAGED STAKEHOLDERS FROM ACROSS THE COUNTRY WITH 350 REGISTRANTS C.OTHER FIELD BUILDING EFFORTS CBA CREATED THE FINANCIAL EQUITY CONVERSATIONS (FEC) EVENT SERIES TO BRING TOGETHER NONPROFIT PRACTITIONERS, FINANCIAL SERVICES AND TECHNOLOGY COMPANIES, POLICYMAKERS, AND CONSUMERS TO DISCUSS CHALLENGES IN ACCESS TO CREDIT AND BANKING. CBA HELD THREE FEC EVENTS IN QUEENS, NY; DALLAS, TX; AND LOS ANGELES, CA. CBA WORKED WITH KAISER PERMANENTE TO OFFER THE FIRST OF THREE BUILDING CREDIT, BUILDING HEALTH CONVENINGS. THESE EVENTS BRING TOGETHER CREDIT PROFESSIONALS AND HEALTH CARE PRACTITIONERS TO INCREASE CROSS-INDUSTRY KNOWLEDGE OF THE CREDIT AND HEALTH CHALLENGES THAT LOW- AND MODERATE-INCOME INDIVIDUALS FACE. 4483830 true true false true false false false false false false true false false true true true true true false false false false false false false false false true true true false false false false false false false false false false false false false true true true false false true 14 0 35 true false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true false false VT X DARA DUGUAY 2027309390 1701 K STREET NW STE 1000 WASHINGTON DC 20006 DONOVAN DUNCAN CHAIR 2.00 X X 0 0 0 KEVIN FRYATT TREASURER 2.00 X X 0 0 0 MARGARET LIBBY SECRETARY 2.00 X X 0 0 0 CINDY LOGSDON DIRECTOR 2.00 X 0 0 0 ABIGAIL LOVELL DIRECTOR 2.00 X 0 0 0 COURTNEY BRINKMAN DIRECTOR 2.00 X 0 0 0 DERISON PUNTIER DIRECTOR 2.00 X 0 0 0 LAURIE HUSABY DIRECTOR 2.00 X 0 0 0 DWAYNE KEYS DIRECTOR 2.00 X 0 0 0 APARNA SARIN DIRECTOR 2.00 X 0 0 0 PRISCILLA WOO DIRECTOR 2.00 X 0 0 0 CY RICHARDSON DIRECTOR 2.00 X 0 0 0 VALECIA QUINN DIRECTOR 2.00 X 0 0 0 JEFF RICHARDSON DIRECTOR 2.00 X 0 0 0 GIOVANNA PIOVANETTI DIRECTOR 2.00 X 0 0 0 HOLLY FRINDELL - INCOMING DIRECTOR 2.00 X 0 0 0 ELIZABETH FAIRMAN - INCOMING DIRECTOR 2.00 X 0 0 0 ERIC ELLMAN - OUTGOING DIRECTOR 2.00 X 0 0 0 SETH JULYAN - OUTGOING DIRECTOR 2.00 X 0 0 0 DINESH WADHWANI - OUTGOING DIRECTOR 2.00 X 0 0 0 SHAWNA COLLIER - OUTGOING DIRECTOR 2.00 X 0 0 0 DARA DUGUAY CEO 28.00 12.00 X 212586 0 22043 JULIA GAZIZOVA CFO 28.00 12.00 X 158686 0 11331 ELISABETH JOHNSON-CRAWFORD CHIEF TECHNI 40.00 X 149304 0 2540 ZACH MORROW COO 20.00 20.00 X 140756 0 9014 RICHARD REEVE CHIEF PROGRA 36.00 4.00 X 143872 0 25254 MARY JO HALDER TRAINING DIR 40.00 X 101458 0 8617 906662 78799 6 false true false ARENTFOX SCHIFF LLP 1717 K STREET NW WASHINGTON DC 20006 CONSULTING 188124 1 344176 2522761 8544 2866937 CLIENT PROGRAM FEES 900099 1376134 1376134 1376134 239167 239167 4579957 4540400 39557 39557 39557 OTHER REVENUE CY PRES STLMNT 366492 366492 366492 4888287 1742626 278724 X 679966 679966 9750 9750 291680 268693 21531 1456 2106086 1940329 155244 10513 44153 41081 2847 225 161942 150674 10444 824 186871 173870 12051 950 23283 23283 47211 43300 3911 593667 545398 48269 13732 6063 7669 36584 5637 30947 103707 94149 9558 182322 114064 68258 110000 88233 21222 545 21956 7762 13994 200 956 956 24442 6770 17672 8628 8628 SUPPLIES 321856 302234 19622 LICENSES AND FEES 9984 2492 7492 PROFESSIONAL DEVELOPMENT 9933 3365 6568 4988709 4483830 490166 14713 103912 265644 3018504 6082538 64564 8740 16279 7398 75000 75000 82513 102506 206857 186135 45164 20722 3005491 2127469 1989771 8538896 8552319 188931 193042 496192 861182 41461 2291727 2088726 3018311 3142950 X 1185348 2855387 4335237 2553982 5520585 5409369 8538896 8552319 -100422 -10794 X false true X true false X 1404015 3267357 4696983 3252678 2866937 15487970 579612 825111 878851 1333180 1376134 4992888 1983627 4092468 5575834 4585858 4243071 20480858 20480858 10658 1121 24663 150756 239167 426365 10658 1121 24663 150756 239167 426365 1994285 4093589 5600497 4736614 4482238 20907223 0.97960 0.98940 0.02000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 188124 false false 188124 false SCHEDULE C, PART II-B, LINE 1 CREDIT BUILDERS ALLIANCE AND ITS MEMBERS CONTACTED MEMBERS OF CONGRESS AND THEIR STAFF TO ENCOURAGE FUNDING AND IMPLEMENTATION OF A NEW INITIATIVE FOR THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO FACILITATE RENT REPORTING TO CREDIT BUREAUS BY AFFORDABLE HOUSING PROVIDERS AND HELP RESIDENTS OBTAIN FAVORABLE CREDIT SCORES. CREDIT BUILDERS ALLIANCE ALSO CONTACTED MEMBERS OF CONGRESS AND THEIR STAFF REGARDING LEGISLATION TO FACILITATE ADDITIONAL CONSUMER EDUCATION FUNDED BY THE CONSUMER FINANCIAL PROTECTION BUREAU. 8504 6665 1839 56289 37406 18883 142064 142064 20722 OPERATING LEASE - RIGHT-OF-USE ASSET 1844979 DUE FROM RELATED ORGANIZATION 137169 SECURITY & OTHER DEPOSITS 7623 1989771 OPERATING LEASE LIABILITY 2065014 PAYROLL TAX LIABILITIES 21412 DEPOSIT PAYABLE 2300 2088726 X 4921493 -10794 44000 33206 4888287 4888287 5032709 44000 44000 4988709 4988709 SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATIONS' FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT BUILDERS ALLIANCE AND CBA FUND PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATIONS FILE TAX RETURNS. IT IS THE ORGANIZATIONS' POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2024, THE ORGANIZATIONS HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. true EXODUS LENDING 2380 WYCLIFF STREET SUITE B-100 ST PAUL MN 55114 471706853 501C3 10000 CREDIT BUILDING URBAN INSTITUTE 500 LENFANT PLAZA SW WASHINGTON DC 20024 520880375 501C3 150000 CREDIT BUILDING MARSHALL HEIGHTS COMMUNITY DEVELOPMENT ORGANIZATION INC 3939 BENNING ROAD NE WASHINGTON DC 20019 521165147 501C3 20000 CREDIT BUILDING PHIPPS NEIGHBORHOODS 3125 THIRD AVE BRONX NY 10451 132707665 501C3 20000 CREDIT BUILDING PROJECT ACCESS 2100 W ORANGEWOOD AVE SUITE 230 ORANGE CA 92868 330834635 501C3 20000 CREDIT BUILDING CARROLL GARDENTS ASSOCIATION 201 COLUMBIA STREET BROOKLYN NY 11231 112573432 501C3 15000 CREDIT BUILDING CENTRAL CITY NEIGHBORHOOD PARTNERS 501 SOUTH BIXEL STREET LOS ANGELES CA 90017 954837709 501C3 15000 CREDIT BUILDING COMMUNITY FIRST FUND 216 W SOMERSET STREET PHILADELPHIA PA 19133 232051143 501C3 15000 CREDIT BUILDING CONGRESO DE LATINOS UNIDOS INC 51 DUKE STREET SUITE 00 LANCASTER PA 17608 232689714 501C3 15000 CREDIT BUILDING CENTER FOR TRANSFORMING LIVES 512 W 4TH STREET FORT WORTH TX 76102 750829389 501C3 10000 CREDIT BUILDING DOWNSTREET HOUSING AND COMMUNITY DEVELOPMENT INC 22 KEITH AVE SUITE 100 BARRE VT 05641 222843473 501C3 10000 CREDIT BUILDING FRIENDSHIP HOUSE OF DELAWARE 1503 W 13 STREET WILMINGTON DE 19806 510306759 501C3 10000 CREDIT BUILDING GATEWAY COMMUNITY ACTION PARTNERSHIP 110 COHANSEY STREET BRIDGETON NJ 08302 221942357 501C3 10000 CREDIT BUILDING LSS FINANCIAL COUNSELING 1330 EAST SUPERIOR STREET SUITE 203 DULUTH MN 55805 410872993 501C3 10000 CREDIT BUILDING MILES COLLEGE 5500 MYRON MASSEY BLVD FAIRFIELD AL 35064 630400608 501C3 10000 CREDIT BUILDING BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION 863 PROSPECT AVENUE BRONX NY 10459 132934000 501C3 7500 CREDIT BUILDING BREAKING GROUND 505 8TH AVENUE 5TH FLOOR NEW YORK NY 10018 113048002 501C3 7500 CREDIT BUILDING CATTARAUGUS COMMUNITY ACTION 25 JEFFERSON STREET SALAMANCA NY 14779 160910303 501C3 7500 CREDIT BUILDING COMMUNITY DEVELOPMENT LONG ISLAND 1660 WALT WHITMAN ROAD MELVILLE NY 11747 112221341 501C3 7500 CREDIT BUILDING HARLEM UNITED COMMUNITY AIDS CENTER 306 MALCOLM X BLVD NEW YORK NY 10027 133461695 501C3 7500 CREDIT BUILDING PUSH BUFFALO 429 PLYMOUTH AVENUE SUITE 1 BUFFALO NY 14213 871364681 501C3 7500 CREDIT BUILDING 21 FINANCIAL ASSISTANCE 5 9750 SCHEDULE I, PAGE 1, PART I, LINE 2 ACCORDING TO OUR MEMOS OF UNDERSTANDING WITH THESE ORGANIZATIONS, PARTIAL PAYMENTS ARE ISSUED TO THE RECIPIENTS WHEN SPECIFIC BENCHMARKS ARE MET SUCH AS GETTING CREDENTIALED WITH THE EXPERIAN CREDIT BUREAU, THE START OF RENT PAYMENT REPORTING, AND THE START OF THREE AND SIX MONTHS OF REPORTING. X X false false false false false false false true false DARA DUGUAY CEO 205954 6632 6471 15572 234629 JULIA GAZIZOVA CFO 154022 4664 4806 6525 170017 ELISABETH JOHNSON-CRAWFORD CHIEF TECHNICAL OFF 144489 4815 567 1973 151844 RICHARD REEVE CHIEF PROGRAM OFFICE 139504 4368 4563 20691 169126 SCHEDULE J, PAGE 1, PART I, LINE 7 EMPLOYEES RECEIVE BONUSES THAT ARE PART OF THEIR COMPENSATION. THE AMOUNTS ARE LESS THAN 7,000 IN 2024. FORM 990 - ORGANIZATION'S MISSION CBA'S MISSION IS TO HELP ORGANIZATIONS MOVE PEOPLE FROM POVERTY TO PROSPERITY THROUGH CREDIT BUILDING. WE DO THIS BY BUILDING THE CAPACITY OF OUR NONPROFIT AND MUNICIPAL MEMBERS TO IMPLEMENT STRATEGIES NECESSARY TO HELP THEIR CLIENTS BUILD CREDIT AND ENTER THE FINANCIAL MAINSTREAM. CBA FILLS A VOID BY BEING A BRIDGE FOR CREDIT BUILDING ACTIVITIES FOR NON- TRADITIONAL FINANCIAL SERVICE PROVIDERS. OUR ACTIVITIES FALL ALONG A CONTINUUM, WHICH ALLOWS CBA TO MEET OUR MEMBERS' NEEDS AT WHEREVER POINT THEY MAY BE IN THE CREDIT BUILDING PROCESS. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF INDIVIDUALS WHO SERVED ON THE BOARD DURING THE YEAR. FORM 990, PAGE 2, PART III, LINE 4A 1.CORE PLATFORM SERVICES: MEMBER AND STAKEHOLDER RELATIONS, CREDIT BUREAU SERVICES, AND TRAINING INSTITUTE A.MEMBER AND STAKEHOLDER RELATIONS IN 2024 OUR MEMBER AND STAKEHOLDER RELATIONS TEAM SUPPORTED THE ONBOARDING OF 71 NEW MEMBERS. THIS TEAM CONTINUES TO PROVIDE MORE STREAMLINED PROSPECTIVE MEMBER OUTREACH AND RELATIONSHIP CULTIVATION, MEMBER MANAGEMENT, AND COMMUNICATIONS AND EVENT COORDINATION. AS OF DECEMBER 2024, CBA HAD 637 MEMBERS AND 9 SPECIFICALLY DESIGNATED ALLY ORGANIZATIONS. B.BUREAU SERVICES I.CBA REPORTER IS AN AWARD-WINNING, ONE OF A KIND SERVICE THAT OFFERS NONPROFIT AND MUNICIPAL LENDERS THE TECHNICAL ASSISTANCE, CONCRETE SOLUTIONS, AND INTERAGENCY CONNECTIONS THEY NEED TO EFFECTIVELY AND EFFICIENTLY HELP THEIR LOW- AND MODERATE-INCOME CLIENTS BUILD CREDIT AND LONG-TERM FINANCIAL CAPABILITY BY REPORTING THEIR LOW-AND MODERATE-INCOME BORROWERS' MONTHLY MICROENTERPRISE, SMALL BUSINESS, AND CONSUMER LOAN PAYMENTS TO THE MAJOR CONSUMER CREDIT BUREAUS EXPERIAN, TRANSUNION, AND EQUIFAX. CBA OFFERS A STREAMLINED ON-BOARDING PROCESS FOR GUIDING LENDER MEMBERS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO REPORT THEIR LOANS AND SUPPORTS THE REGULAR TRANSMISSION OF THAT LOAN REPAYMENT DATA. CBA PROVIDES ONGOING AND ON-DEMAND TECHNICAL ASSISTANCE TO MEMBER LENDERS, REVIEWS METRO2 DATA FOR ACCURACY, AND MONITORS THEIR BORROWERS' EOSCAR DISPUTES. IN 2024, CBA REPORTER ENABLED 259 NONPROFIT LENDERS TO REPORT OVER 112,225 TRADE LINES EVERY MONTH, TOTALING JUST OVER 3.8 BILLION IN CREDIT EXTENDED TO THEIR RESPECTIVE BORROWERS TO START A BUSINESS, MEET A HOUSEHOLD NEED, AND/OR SIMPLY BUILD POSITIVE PERSONAL AND BUSINESS CREDIT HISTORY. II.CBA BUSINESS REPORTER IS AN ADD-ON SERVICE THAT IN 2024 ENABLED 50 MEMBER LENDERS TO REPORT 25,752 MICROENTERPRISE OR SMALL BUSINESS TRADELINES TOTALING 1.28 BILLION TO THE COMMERCIAL CREDIT BUREAUS EXPERIAN BUSINESS INFORMATION SOLUTIONS AND DUN & BRADSTREET IN ORDER TO BUILD THEIR BUSINESS CREDIT PROFILES. III.CBA ACCESS ENABLES NONPROFITS TO PULL AND PURCHASE CREDIT REPORTS AND CREDIT SCORES FROM THE CREDIT BUREAUS TRANSUNION, EXPERIAN, EQUIFAX, LEXISNEXIS (FOR ACCESS TO NON-TRADITIONAL AND ALTERNATIVE CREDIT DATA), AND CHEXSYSTEMS (FOR THOSE WORKING WITH THE UNBANKED). IN 2024, CBA CONTINUED ITS OFFERING OF THE CORELOGIC TRI-MERGE CREDIT REPORT UNDER OUR UMBRELLA. CBA ACCESS OFFERS QUALIFIED MEMBERS ACCESS TO ANY OF THESE REPORTS AT POOLED PRICES IN ORDER TO UNDERWRITE LOANS, PROVIDE FINANCIAL COUNSELING AND CREDIT COACHING, AND -- WITH SOME CONTRACTUAL RESTRICTIONS -- TRACK THE CREDIT IMPROVEMENT OUTCOMES OF CLIENTS. SIMILAR TO CBA REPORTER, CBA IMPLEMENTS A STREAMLINED ON-BOARDING PROCESS TO GUIDE NONPROFITS THROUGH THE CREDIT BUREAU CREDENTIALING PROCESS IN ORDER TO ACCESS THEIR CLIENTS' CONSUMER CREDIT REPORTS. CBA ALSO OFFERS ON-DEMAND TECHNICAL ASSISTANCE AND SUPPORT TO NONPROFITS AROUND GENERAL CREDIT REPORT REVIEWS AND CODES, CREDIT REPORT SCORE INTRICACIES AND OTHER INFORMATION RELEVANT TO MEMBERS AND THEIR CLIENTS AROUND CREDIT REPORTS AND SCORES. IN 2024, CBA ACCESS ENABLED 415 NONPROFITS ENGAGED IN LENDING AND/OR FINANCIAL EDUCATION TO GET CREDENTIALED TO PULL APPROXIMATELY 172,372 CREDIT REPORTS THAT YEAR. C.TRAINING INSTITUTE I.CBA'S SIGNATURE CREDIT AS AN ASSET TRAINING HAS BEEN OFFERED SINCE 2008 TO NONPROFIT LENDER PRACTITIONERS, FINANCIAL COACHES AND EDUCATORS, SOCIAL SERVICE PROVIDERS AND OTHERS WORKING DIRECTLY WITH CONSUMERS AND ENTREPRENEURS TO PROMOTE FINANCIAL STABILITY AND INCLUSION. THE TRAINING AIMS TO HELP PARTICIPANTS: UNDERSTAND CREDIT BUILDING AS AN ESSENTIAL AND VIABLE ACTIVITY, FOUNDATIONAL TO THE SUCCESSFUL IMPLEMENTATION OF ANY FINANCIAL ASSET BUILDING STRATEGY FOR LOW-INCOME AND UNDERSERVED INDIVIDUALS AND FAMILIES; EXPLORE TOOLS AND DEVELOP SKILLS IN ORDER TO DESIGN, IMPLEMENT, AND MEASURE CREDIT BUILDING PROGRAMS BASED ON CLIENT NEEDS AND GOALS AS WELL AS ORGANIZATION MISSIONS AND CAPACITIES; AND ENGAGE WITH OTHER TRAINING PARTICIPANTS AND LEARN FROM CBA'S GROWING CREDIT BUILDING COMMUNITY ABOUT BEST PRACTICES IN CREDIT EDUCATION, ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS, AND MEASURING AND COMMUNICATING CLIENT CREDIT OUTCOMES. IN 2024, THE TRAINING INSTITUTE HAD A TOTAL OF 2,622 (934 NEW IN 2024) REGISTERED USERS. AS OF DECEMBER 2024, 66 INDIVIDUALS (11 NEW IN 2024) REPRESENTING 26 DIFFERENT STATES, ARE CERTIFIED AS MASTER TRAINERS TO DELIVER CREDIT AS AN ASSET TRAINING TO OTHER PRACTITIONERS IN THEIR LOCAL COMMUNITIES. A TOTAL OF 21 INDIVIDUALS ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET BOOTCAMP WHILE 16 ATTENDED CBA'S LIVE, VIRTUAL CREDIT AS AN ASSET: SMALL BUSINESS BOOTCAMP. SEPARATELY, 718 INDIVIDUALS PARTICIPATED IN ONE OR MORE OF OUR MONTHLY WEBINARS. 49.14% OF CBA MEMBERS HAD STAFF ATTEND AT LEAST ONE WEBINAR IN 2024. CBA ALSO LAUNCHED 5 NEW COURSES IN 2024, INCLUDING VERSIONS FOR THE CREDIT REPORTER AND BUSINESS CREDIT REPORTER COURSES AND A NEW VERSION OF CREDIT HEALTH FOR YOUTH IN FOSTER CARE. IN TOTAL, 421 TI USERS TOOK THESE COURSES IN 2024. II.UNDER THE UMBRELLA OF THE TRAINING INSTITUTE, CBA OFFERS TARGETED CREDIT BUILDING PROGRAM DESIGN, IMPLEMENTATION, AND MEASUREMENT CONSULTING TO MEMBER AND NONMEMBER NONPROFITS AND PUBLIC ENTITIES SEEKING TO DEVELOP OR ENHANCE THEIR CREDIT BUILDING EFFORTS BASED ON THEIR RESPECTIVE CLIENTS' NEEDS AND GOALS AS WELL AS ORGANIZATIONAL MISSIONS AND CAPACITIES. IN 2024, CBA MANAGED 7 CONSULTING CONTRACTS TO BRING ITS CREDIT BUILDING EXPERTISE, INDUSTRY CONNECTIONS, AND CREDIBILITY TO ORGANIZATIONS INTERESTED IN INVESTING IN THEIR CREDIT BUILDING CAPACITY. FORM 990, PAGE 2, PART III, LINE 4B 2.INNOVATIONS CBA INCUBATES A NUMBER OF EMERGING AND INNOVATIVE CREDIT BUILDING INITIATIVES THAT ADVANCE ITS THEORY OF CHANGE: BUILDING CREDIT IS PART OF THE ASSET BUILDING PATHWAY TO IMPROVED FINANCIAL STABILITY AND MISSION DRIVEN NONPROFITS ARE UNIQUELY POSITIONED TO HELP THE LOW-INCOME HOUSEHOLDS THEY SERVE BUILD CREDIT AS AN ASSET. IN 2024 IN PARTICULAR, CBA CONTINUED OR NEWLY CATALYZED: A.RENT REPORTING FOR CREDIT BUILDING IN 2015, CBA FORMALLY ROLLED OUT ITS RENT REPORTING FOR CREDIT BUILDING SERVICE UPON SUCCESSFUL COMPLETION OF A PILOT FOCUSED ON HELPING AFFORDABLE AND PUBLIC HOUSING PROVIDERS REPORT THEIR RESIDENTS' RENTAL PAYMENTS AS A CREDIT BUILDING STRATEGY. IN 2024, CBA CONTINUED TO SUPPORT ORGANIZATIONS INTERESTED IN SETTING UP RENT REPORTING PROGRAMS VIA ITS RENT REPORTING CENTER, WHICH FUNCTIONS AS A ONE-STOP SHOP TO LOCATE ALL INFORMATION RELATED TO RENT REPORTING. CBA STAFF ADDITIONALLY PROVIDE IMPLEMENTATION SUPPORT TO SEVERAL COHORTS OF AFFORDABLE HOUSING PROVIDERS AND ADVISE POLICYMAKERS ON BEST PRACTICES IN RENT REPORTING. B.CBA SYMPOSIUM IN 2014, CBA OFFERED ITS FIRST EVER AND INCREDIBLY POWERFUL CREDIT BUILDING SYMPOSIUM. DUE TO POPULAR DEMAND THE CREDIT BUILDING SYMPOSIUM HAS SINCE BECOME AN ANNUAL EVENT. THE SYMPOSIUM IS INTENDED TO BE A DIALOGUE BETWEEN NONPROFIT ORGANIZATIONS INVOLVED IN CREDIT BUILDING AND THOSE CORPORATE ENTITIES WHOSE BUSINESS PRACTICES INCLUDE CREDIT REPORTING, CREDIT SCORING AND/OR CREDIT GRANTING. CBA'S GOAL IS TO BROKER MORE DISCUSSION BETWEEN THESE TWO CONNECTED INDUSTRIES WITH THE INTENT OF CONTINUING TO BRIDGE GAPS IN UNDERSTANDING AND STRENGTHENING BONDS IN THE CREDIT REPORTING ARENA. AN OVERARCHING THEME FOR THE SYMPOSIUM EVERY YEAR IS THE LINKAGE BETWEEN THE WORK BEING DONE IN THE CREDIT BUILDING FIELD AND THAT OF THE BROADER ISSUES OF INCOME INEQUALITY, POVERTY REDUCTION, AND ASSET BUILDING. THE SYMPOSIUM ALSO OFFERS OUR MEMBERS AND OTHER CREDIT BUILDING INDUSTRY STAKEHOLDERS A GREAT OPPORTUNITY TO LEARN AND BUILD RELATIONSHIPS. IN 2024, CBA'S CREDIT BUILDING SYMPOSIUM ENGAGED STAKEHOLDERS FROM ACROSS THE COUNTRY WITH 350 REGISTRANTS C.OTHER FIELD BUILDING EFFORTS CBA CREATED THE FINANCIAL EQUITY CONVERSATIONS (FEC) EVENT SERIES TO BRING TOGETHER NONPROFIT PRACTITIONERS, FINANCIAL SERVICES AND TECHNOLOGY COMPANIES, POLICYMAKERS, AND CONSUMERS TO DISCUSS CHALLENGES IN ACCESS TO CREDIT AND BANKING. CBA HELD THREE FEC EVENTS IN QUEENS, NY; DALLAS, TX; AND LOS ANGELES, CA. CBA WORKED WITH KAISER PERMANENTE TO OFFER THE FIRST OF THREE BUILDING CREDIT, BUILDING HEALTH CONVENINGS. THESE EVENTS BRING TOGETHER CREDIT PROFESSIONALS AND HEALTH CARE PRACTITIONERS TO INCREASE CROSS-INDUSTRY KNOWLEDGE OF THE CREDIT AND HEALTH CHALLENGES THAT LOW- AND MODERATE-INCOME INDIVIDUALS FACE. FORM 990, PAGE 6, PART VI, LINE 11B THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW THE 990 TAX RETURN UPON RECEIPT FROM THE PREPARERS. THE FINANCE COMMITTEE OF THE BOARD ALSO REVIEWS THE RETURN. ALL QUESTIONS AND ISSUES ARE ANSWERED AND RESOLVED AND ANY APPROPRIATE CORRECTIONS ARE MADE TO THE RETURN. ONCE THIS PROCESS IS COMPLETE, A COPY OF THE 990 IS FORWARDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE BOARD OF DIRECTORS AND MANAGEMENT. THE ORGANIZATION REQUIRES DISCLOSURE OF ANY INTERESTS THAT MAY PRESENT A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE SALARY OF THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. COMPENSATION LEVELS FOR SIMILAR ORGANIZATIONS ARE CONSIDERED IN THESE DECISIONS. FORM 990, PAGE 6, PART VI, LINE 19 THESE POLICIES AND DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 545,398 48,269 0 CBA FUND 1701 K STREET NW STE 1000 WASHINGTON DC 20006 824272195 CRED BUILD DC 501C3 7 CBA true false false false true false false false false false false false true false true true false true false false CBA FUND D 75000 FMV CBA FUND O 433619 FMV CBA FUND Q 129628 FMV