Overview
What is Re-Build Foundation Inc?
Re-Build Foundation Inc is a nonprofit organization situated in Lauderhill, Florida. Their primary mission is to uplift the community by constructing, maintaining, and managing a 65-unit housing project. This project, known as La Lee Terrace Apartments, is specifically designed to cater to the needs of the elderly and families with low to moderate incomes. This initiative is carried out under the HUD 221(d)(3) program, which provides rental services. The foundation's work contributes to the well-being of the community by offering affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Re-Build Foundation Inc has earned a commendable Four-Star rating on Charity Navigator, indicating a strong commitment to accountability and financial management. The rating is based entirely on the Accountability & Finance category, where the organization scored an impressive 90%. This high score reflects the foundation's effective governance and transparency, essential factors for donor trust and engagement.
Strengths highlighted include a fully independent board with eight members, ensuring impartial decision-making. The charity also boasts a robust program expense ratio of 91.87%, demonstrating that the vast majority of its financial resources are directed towards its mission-related activities. Furthermore, it has received full points for its financial audit statements and policies in place for conflict of interest and document retention, reinforcing its operational integrity.
No significant limitations were noted in the data, suggesting that Re-Build Foundation Inc operates with a high level of efficiency and accountability. Overall, the organization appears to be a reliable choice for donors looking to support a nonprofit with strong ethical standards and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Re-Build Foundation Inc legitimate?
Re-Build Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Re-Build Foundation 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: $147,967
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What is the mission statement of Re-Build Foundation Inc?
The Re-Build Foundation Inc's mission is centered around enhancing the community's well-being. They accomplish this by constructing, maintaining, and operating a sixty-five-unit multifamily housing project, catering to the needs of the elderly and low-to-moderate income families. This project is governmentally assisted, providing affordable housing options for those in need. The foundation's activities primarily focus on this housing project, aiming to improve living conditions and provide a supportive environment for its residents.
Who is the CEO of Re-Build Foundation Inc?
Bobbie Thomas is the Director of Re-Build Foundation Inc.
What is the revenue of Re-Build Foundation Inc?
Re-Build Foundation Inc's revenue in 2023 was $852,520.
Who are the executives of Re-Build Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Re-Build Foundation Inc?
Re-Build Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Re-Build Foundation Inc
Re-Build Foundation Inc, a nonprofit organization, strives to enhance community welfare by constructing, maintaining, and operating a sixty-five (65) unit multifamily housing project. This project is specifically designed for the elderly and families with low-to-moderate incomes. By providing this housing, Re-Build Foundation Inc aims to contribute to the betterment of the community, offering a secure and affordable living space for those in need. This project operates under the HUD 221(d)(3) program, further demonstrating its commitment to providing quality housing solutions.
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Impact
July, 2024
Re-Build Foundation Inc has significantly impacted the community by advancing the welfare of its residents through the construction, maintenance, and operation of La Lee Terrace Apartments. This sixty-five unit multifamily governmental assisted housing project provides essential housing services for elderly individuals and low-to-moderate income families in Lauderhill, FL. By offering rental services under a HUD 221(d)(3) program, Re-Build Foundation Inc addresses the critical need for affordable housing in the area, ultimately improving the quality of life for those in need.
This information is meant to be a general summary of Re-Build Foundation 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 2023.
- Investment Income: $6,073
- Program Service Revenue: $846,447
- Gross Receipts: $852,520
Assets and Liabilities:
- Total Assets: $1,157,688
- Total Liabilities: $60,504
- Net Assets: $1,097,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$842,593
LAUNDRY & VENDING
Revenue
$3,854
Organization Details
Founding Year
1969
Phone
(954) 733-7700Principal Officer
Bobbie Thomas
Main Address
4981 NW 13 STREET, LAUDERHILL, FL, 33313
NTEE Category
Code: L21 - Housing
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