Overview
What is Rebuild Metro Inc?
Rebuild Metro Inc, a nonprofit organization based in Baltimore, Maryland, focuses on two main areas: real estate transactions and building affordable homes for disadvantaged families in suburban locations. They are currently involved in two projects under development in New Jersey and have completed six projects providing over 550 affordable rental units in New Jersey, Delaware, and Maryland. In urban redevelopment, Rebuild Metro is concentrating on Baltimore, revitalizing distressed neighborhoods by rehabilitating over 40 historic townhomes for sale and developing 113 affordable rental units. Additionally, they manage 160 affordable rental units and are part of several affordable apartment building developments. Rebuild Metro's mission is to create wealth and opportunities for the communities they serve by investing in real estate that reinforces community assets and fosters market growth, while requiring effective partnerships with neighborhood organizations, local governments, and private developers.
Official website here: www.rebuildmetro.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Rebuild Metro Inc has achieved a commendable Three-Star rating from Charity Navigator, reflecting strong performance in accountability and finance with a score of 74%. The organization boasts 100% independent board members and has received full marks for its financial oversight, indicating robust governance practices. Its program expense ratio is notably high at 82.76%, showcasing effective allocation of resources towards its mission.
The organization also excels in cultural and community engagement, earning a score of 90 in this area. It demonstrates a strong commitment to feedback collection and usage, which suggests a responsive approach to community needs and stakeholder involvement. This aspect is critical for sustaining trust and relevance within the communities they serve.
While the overall ratings are positive, the lower scores in leadership and adaptability (10%) suggest there may be room for improvement in these areas. However, it is worth noting that the organization received a perfect score in the leadership and adaptability categories, highlighting its strategic planning and effective leadership capabilities. Overall, Rebuild Metro Inc appears to be a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rebuild Metro Inc legitimate?
Rebuild Metro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rebuild Metro 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $293,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $899,587
For more financial information, click here
Official website here: www.rebuildmetro.com
What is the mission statement of Rebuild Metro Inc?
Rebuild Metro Inc, through its mission, aims to generate wealth and opportunities for the communities it serves. This is achieved by investing in real estate that strengthens community assets, revitalizes struggling markets, and creates suitable environments for market expansion. The investment strategy of Rebuild Metro Inc seeks long-term sustainable changes and requires collaborative partnerships with neighborhood organizations, local governments, and private developers. By doing so, it aims to create a positive impact on the communities it operates in, focusing on providing opportunities for working families.
Official website here: www.rebuildmetro.com
Who is the CEO of Rebuild Metro Inc?
Charles Metzger Jr is the Chairman of Rebuild Metro Inc.
Official website here: www.rebuildmetro.com
What is the revenue of Rebuild Metro Inc?
Rebuild Metro Inc's revenue in 2022 was $6,607,787.
Official website here: www.rebuildmetro.com
Who are the executives of Rebuild Metro Inc and what are their salaries?
The average compensation at Rebuild Metro Inc during 2022 was $51,870. There are 23 employees and 12 volunteers at Rebuild Metro Inc.
Here are 15 key members and their salaries:
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- Compensation: $105,796
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- Other: $5,611
- Compensation: $130,605
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- Other: $11,492
Official website here: www.rebuildmetro.com
Where can I find the form 990 for Rebuild Metro Inc?
Rebuild Metro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rebuildmetro.com
Learn more at the official website: www.rebuildmetro.com
Mission Statement of Rebuild Metro Inc
Rebuild Metro Inc, a nonprofit organization, aims to foster wealth and opportunities within the communities it serves. It achieves this by investing in real estate transactions and constructing affordable homes in various Mid-Atlantic locations. The organization's mission is twofold: reinforcing community assets to strengthen neighborhoods, and revitalizing struggling markets to create suitable environments for market growth. This process seeks to bring about long-term, sustainable change, often requiring effective collaborations with neighborhood organizations, local governments, and private developers. Rebuild Metro Inc's investment strategy is geared towards uplifting working families in these communities, thereby contributing to their overall well-being and development.
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Impact
October, 2024
Rebuild Metro Inc has a significant impact on communities throughout the Mid-Atlantic region, particularly by focusing on affordable housing development and urban redevelopment. The organization actively participates in real estate transactions and construction efforts aimed at providing affordable homes, thereby creating opportunities for working families and disadvantaged groups.
In suburban areas, Rebuild Metro is working on two important projects—a 60-unit apartment building in Maple Shade, NJ, and a 58-unit apartment building in Saddle Brook, NJ. These developments contribute to increasing affordable rental options, alongside six completed projects that have added over 550 affordable rental units for families and seniors across New Jersey, Delaware, and Maryland.
In urban environments, particularly in Baltimore, MD, Rebuild Metro is addressing housing issues by rehabilitating over 40 historic townhomes for sale in East Baltimore and developing 113 affordable rental units. The organization's management of 160 affordable rental units and its partnerships as a co-developer for three further apartment buildings cater to the needs of 189 low-income families, demonstrating a commitment to improving living conditions in distressed neighborhoods.
Furthermore, Rebuild Metro plays a crucial role in the revitalization of urban areas through its Johnston Square Plan, where it has control over 550 vacant properties. These properties are being transformed into residential developments, parks, and playgrounds, enhancing community amenities and quality of life.
Overall, Rebuild Metro Inc is dedicated to creating wealth and opportunity by investing in real estate that supports community assets, revitalizes stagnant markets, and fosters sustainable change through effective partnerships with local organizations and governments.
This information is meant to be a general summary of Rebuild Metro Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,639
- Program Service Revenue: $1,445,567
- Gross Receipts: $6,607,787
Assets and Liabilities:
- Total Assets: $39,942,541
- Total Liabilities: $31,196,897
- Net Assets: $8,745,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE REVENUE
Revenue
$1,191,664
INTEREST
Revenue
$253,903
Organization Details
Founding Year
1991
Phone
(410) 563-6220Principal Officer
Charles Metzger Jr
Main Address
1129 NORTH CAROLINE STREET, BALTIMORE, MD, 21213
Website
www.rebuildmetro.comNTEE Category
Code: S50Z - Community improvement
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