Public Charity

BUILDING FUTURES INC

BUILDING FUTURES INC is a Public Charity headquartered in Worcester, MA. Financial data from the 2025 filing: $2.6M revenue, $1.9M expenses, $29.1M total assets. 25 publicly reported grants to this organization, totaling roughly $512K, appear in IRS filings.

EIN: 010628266 Worcester, MA Human Service Organizations NTEE: P20 Latest filing: 2025
Total Revenue$2.6M
Total Expenses$1.9M
Total Assets$29.1M
Grant Records25
Funding Total$512K
Filing Years2021–2025

Mission

Building Futures, Inc. provides safe, affordable, and quality housing opportunities in Worcester, MA for low-income individuals and families. It aims to transform the lives of public housing or rent subsidized residents with no cost to affordable programs that provide educational, training, and employment skills necessary to achieve social and economic self-sufficiency.

Where $100 goes at Building Futures Inc

How Building Futures Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Educational, training, and employment assistance for low-income individuals and families
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2023
"A PLACE TO LIVE": ADDRESSING WORCESTER'S CHRONICALLY HOMELESS POPULATION
$105,213
2023
General Support
$10,000
$8,000
2022
BFI FOOD MATTERS MEAL DELIVERY PROG
$40,000
2022
COMMUNITY SUPPORT GRANT
$25,000

Showing up to 5 of 25 total records — full history available with membership.

Officers & Directors

WHA CEO Alex Corrales
Chief Facilities Officer Esteban Alvarez
Vice Chairman Joseph Capone
Chairman Joseph Carlson
Treasurer Jose Ramos
Director of Administration Michael Murphy

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$225,932 16 grants
Housing & Homelessness
$125,213 3 grants
Youth Development
$102,598 4 grants
Food Assistance & Nutrition
$40,000 1 grant
Human & Social Services
$18,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.6M $1.9M $29.1M
2024 $1.5M $1.3M $18.9M
2023 $1.8M $1.7M $14.9M
2022 $1.0M $699K $12.1M
2021 $791K $462K $8.0M

Between 2021 and 2025, reported annual revenue grew from $791K to $2.6M (+223%), with total assets most recently reported at $29.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for BUILDING FUTURES INC

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