Overview
What is Reinvestment Partners?
Reinvestment Partners is a nonprofit organization situated in Durham, North Carolina. Their primary focus is on promoting healthy and just communities by collaborating with individuals, neighborhoods, and policy. They offer housing counseling, volunteer-led tax assistance, food assistance, and advocate for affordable housing policies. The organization also operates a temporary housing program called RPRx Housing, which provides a secure place for individuals experiencing homelessness as they explore permanent housing options. Additionally, Reinvestment Partners invests in community development projects, such as constructing 62 rental units and restoring a historic community building, in North Carolina neighborhoods. Overall, their mission is to uplift communities and support those in need.
Official website here: www.reinvestmentpartners.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 95% (Four-Star out of Four Stars)**
Reinvestment Partners boasts a strong four-star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The organization excels in various accountability metrics, with a perfect score for independent board members and comprehensive oversight practices. This indicates a high level of transparency and trustworthiness in its operations.
The charity operates with a significant program expense ratio, ensuring that a large percentage of its resources are directed toward its mission-driven initiatives. However, it has a minor limitation as its Tax Form is not currently available on its website, which slightly impacts its transparency score. Notably, the organization has received substantial support from governmental sources, highlighting its credibility and sustainability.
User reviews from GreatNonprofits are not available at this time, leaving a gap in directly gathered public sentiment. Overall, Reinvestment Partners appears to be a well-managed nonprofit with a solid financial foundation focused on delivering impactful services.
This AI summary has been generated from information found on Charity Navigator.
Is Reinvestment Partners legitimate?
Reinvestment Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reinvestment Partners 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: $135,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,099,575
For more financial information, click here
Official website here: www.reinvestmentpartners.org
What is the mission statement of Reinvestment Partners?
Reinvestment Partners, as an organization, is committed to fostering healthy and just communities. They achieve this by engaging with people, places, and policy. Their initiatives include providing housing counseling, VITA (Volunteer Income Tax Assistance), food assistance, and promoting affordable housing. Additionally, they engage in policy advocacy to further their mission. Through programs like RPRx Housing, they offer temporary housing solutions for individuals experiencing homelessness, while also investing in community development projects.
Official website here: www.reinvestmentpartners.org
Who is the CEO of Reinvestment Partners?
Lenwood Long is the Chair of Reinvestment Partners.
Official website here: www.reinvestmentpartners.org
What is the revenue of Reinvestment Partners?
Reinvestment Partners's revenue in 2022 was $10,758,880.
Official website here: www.reinvestmentpartners.org
Who are the executives of Reinvestment Partners and what are their salaries?
The average compensation at Reinvestment Partners during 2022 was $44,111. There are 28 employees at Reinvestment Partners.
Here are 13 key members and their salaries:
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- Compensation: $135,541
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- Other: $22,651
Official website here: www.reinvestmentpartners.org
Where can I find the form 990 for Reinvestment Partners?
Reinvestment Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reinvestmentpartners.org
Learn more at the official website: www.reinvestmentpartners.org
Mission Statement of Reinvestment Partners
Reinvestment Partners, as an agency, is committed to fostering healthy and just communities. They achieve this by engaging with people, places, and policy. Their work encompasses several key areas: housing counseling, tax assistance, food assistance, and advocating for affordable housing. Through their housing counseling services, they assist individuals in navigating the complexities of securing and maintaining housing. Their Volunteer Income Tax Assistance (VITA) program provides much-needed financial assistance to eligible taxpayers by helping them file their taxes. Reinvestment Partners also extends their support to the community by providing food assistance, ensuring that those in need have access to nutritious meals.
In addition to direct services, Reinvestment Partners is actively involved in policy advocacy. They invest in community development projects, such as the construction of 62 rental units and a historic community building. This commitment to affordable housing not only provides shelter but also contributes to the revitalization of neighborhoods. By working with people, places, and policy, Reinvestment Partners seeks to create vibrant, equitable communities where everyone has the opportunity to thrive.
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Impact
October, 2024
Reinvestment Partners fosters healthy and just communities by addressing critical social and economic challenges in North Carolina. Through their diverse range of programs, they provide essential support to individuals and families, including housing counseling, financial assistance through VITA, and food security initiatives.
One significant impact is their RPRx Housing program, which offers a vital bridge for those experiencing homelessness, providing a temporary, safe space as they transition to permanent housing solutions. This program plays a crucial role in reducing homelessness in the area, enhancing the lives of many individuals and families.
In addition, Reinvestment Partners invests in community development projects, having developed 62 rental units and a historic community building. These initiatives not only provide affordable housing options but also contribute to the revitalization of neighborhoods, fostering a sense of community and stability.
Through policy advocacy, they aim to create systemic changes that promote equity and access to resources, further amplifying their impact on the communities they serve. Overall, Reinvestment Partners significantly contributes to the improvement of community well-being and social justice in Durham, NC.
This information is meant to be a general summary of Reinvestment Partners. 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: $8,786
- Program Service Revenue: $4,344,852
- Gross Receipts: $10,758,880
Assets and Liabilities:
- Total Assets: $21,753,597
- Total Liabilities: $11,267,672
- Net Assets: $10,485,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food Program
Revenue
$2,943,089
Rental income
Revenue
$1,359,317
Consulting
Revenue
$42,446
Organization Details
Founding Year
1993
Phone
(919) 667-1557Principal Officer
Lenwood Long
Main Address
PO Box 1929 3, Durham, NC, 27702
Website
www.reinvestmentpartners.orgNTEE Category
Code: S99Z - Community improvement
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