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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
Rebuild America Inc. has received a "Needs Improvement" rating from Charity Navigator, reflecting concerns primarily in its financial transparency and operational governance. The organization has a fair accountability and finance score, but it notably lacks an operational website listed on its tax form, which reduces its effectiveness in communicating with stakeholders.
Strengths include a strong independent board composition, with 66% of board members being independent, and a solid financial audit track record. The organization also adheres to several important policies such as conflict of interest and whistleblower protections, showcasing commitment to ethical governance practices. However, the limited number of independent board members and the absence of key documents on its website hinder its overall rating.
Despite a program expense ratio of nearly 60%, indicating that a significant portion of its expenses goes toward programs, the lack of transparency regarding its financial statements raises questions. The executive compensation appears to be a concern, particularly the salary of the President/CEO, which may draw scrutiny given the organization's overall rating.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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?
Rebuild America Inc, as an organization, is dedicated to providing quality, safe, and affordable housing for eligible low-income individuals and families. Its primary mission is to preserve affordable housing projects, primarily those financed under the HUD Section 202 Direct Loan Program with Section 8 Housing Payment (HAP) contracts. To achieve this, Rebuild America Inc acquires such projects and ensures their continued affordability for residents, as many of these projects approach the maturity of their mortgage terms and risk being paid off without HUD approval.
The organization has facilitated the acquisition and renovation of several rental apartment facilities, including Naomi Gardens, Broadway Terrace, Samari Towers, Robert Forcum Towers, and Broadway Towers of Knoxville. Rebuild America Inc has identified five additional facilities for acquisition and renovation, with the acquisition and renovation process currently underway for these new facilities, such as Southlake Towers, Christian Towers, Palmetto Towers, JG Feldar Apts, and Redemption Towers. All these facilities serve low-income elderly residents under the HUD Section 8 Rental Assistance Program.
In summary, Rebuild America Inc acts as the developer and managing general partner of the partnerships that acquire, renovate, and operate these facilities, ensuring the preservation of affordable housing for eligible low-income individuals and families.
Who is the CEO of Rebuild America Inc?
Mark J Kemp is the Board Chair/Director of Rebuild America Inc. The CEO's salary of Rebuild America Inc is $250,573 and their total compensation is $250,573.
What is the revenue of Rebuild America Inc?
Rebuild America Inc's revenue in 2022 was $1,130,219.
Who are the executives of Rebuild America Inc and what are their salaries?
There 2 volunteers at Rebuild America Inc.
Here are 4 key members and their salaries (Rebuild America Inc's CEO's salary is $250,573 and their total compensation is $250,573):
- Compensation: $42,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250,573
- Related: $0
- Other: $0
Where can I find the form 990 for Rebuild America Inc?
Rebuild America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
July, 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.
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.
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: $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
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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
Phone
(706) 354-3885Principal Officer
Mark J Kemp
Main Address
1720 GRACEWOOD PARKWAY, BISHOP, GA, 30621
NTEE Category
Code: L21 - Housing
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