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Rebuild America Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460711021 ✦ Bishop, GA ✦ Designated as a 501(c)(3)

Overview

What is Rebuild America Inc?

Rebuild America Inc is a nonprofit organization based in Bishop, Georgia, with a focus on preserving affordable housing for low-income elderly individuals and families. They have successfully renovated and managed five apartment facilities, including Naomi Gardens, Broadway Terrace, Samari Towers, Robert Forcum Towers, and Broadway Towers of Knoxville, under the HUD Section 8 Rental Assistance Program. Currently, they are in the process of acquiring and renovating five additional facilities, such as Southlake Towers, Christian Towers, Palmetto Towers, JG Felder Apts, and Redemption Towers, all serving the same population. Rebuild America Inc acts as the developer and managing general partner of the partnerships that acquire, renovate, and operate these facilities, overseeing and managing the renovation work in progress. Their primary mission is to provide quality, safe, and affordable housing for eligible low-income individuals and families.


Is Rebuild America Inc legitimate?

Rebuild America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rebuild America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $633,541

For more financial information, click here


What is the mission statement of Rebuild America Inc?
Who is the CEO of Rebuild America Inc?
What is the revenue of Rebuild America Inc?
Who are the executives of Rebuild America Inc and what are their salaries?
Where can I find the form 990 for Rebuild America Inc?

Mission Statement of Rebuild America Inc

Rebuild America Inc, a nonprofit organization, is dedicated to providing quality, safe, and affordable housing for eligible low-income individuals and families. Their primary mission is to preserve and maintain affordable housing projects, particularly those financed under the HUD Section 202 Direct Loan Program with Section 8 Housing Payment Contracts. This is crucial as many of these projects are approaching the maturity of their mortgage terms, potentially leading to their premature closure without HUD approval. By acquiring and maintaining such projects, Rebuild America Inc ensures that these residences remain affordable for their residents.

The organization's efforts have resulted in the acquisition and renovation of several rental apartment facilities. These include Naomi Gardens, Broadway Terrace, Samari Towers, Robert Forcum Towers, and Broadway Towers of Knoxville. Rebuild America Inc acts as the developer and managing general partner for these partnerships, overseeing and managing the renovation work currently in progress at these facilities. The organization has identified five additional facilities for acquisition and renovation, with projects underway for Southlake Towers, Christian Towers, Palmetto Towers, JG Feldar Apts, and Redemption Towers. All these facilities serve low-income elderly residents through the HUD Section 8 Rental Assistance Program.

Impact

This information is meant to be a general summary of Rebuild America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Rebuild America Inc's impact lies in its efforts to provide quality, safe, and affordable housing for eligible low-income individuals and families. Specifically, the organization has facilitated the acquisition and renovation of several rental apartment facilities that cater to low-income elderly and self-sufficient handicapped persons. By acquiring and maintaining these properties, Rebuild America ensures that these individuals have access to affordable housing options, thereby addressing a critical need in the community. Through its work, the organization positively impacts the lives of residents who rely on these housing services for their well-being and stability.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34,027
  • Program Service Revenue: $1,093,831
  • Gross Receipts: $1,130,219

    • Assets and Liabilities:
  • Total Assets: $6,067,288
  • Total Liabilities: $373,234
  • Net Assets: $5,694,054
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPMENT FEES

    Revenue

    $953,831

    ASSET MANAGEMENT FEES

    Revenue

    $140,000

    Organization Details

    Founding Year

    2012

    Principal Officer

    Mark J Kemp

    Main Address

    1720 GRACEWOOD PARKWAY, BISHOP, GA, 30621

    NTEE Category

    Code: L21 - Housing

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