Overview
What is Rebound Inc?
Rebound Inc, based in Louisville, Kentucky, is a dedicated nonprofit organization that strives to provide affordable, high-quality single-family homes in inner-city neighborhoods. Acting as a Community Housing Development Organization (CHDO), Rebound Inc extends its reach beyond the West Louisville area, working under federal CHDO housing development programs to meet its mission. The primary goal of Rebound Inc is to positively impact housing and economic development, ultimately assisting families in gaining access to affordable housing within historic urban neighborhoods. The organization is actively engaged in the restoration and rehabilitation of homes, contributing to the revitalization of the community.
Official website here: www.reboundinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Rebound Inc has received an 86% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization stands out for its high percentage of independent board members and strong financial oversight, as evidenced by a perfect score in several key areas, including program expense ratio and fundraising efficiency.
However, the nonprofit does have some limitations, particularly concerning its governance policies. The absence of a whistleblower policy and a document retention and destruction policy has negatively impacted its overall score in those categories. Despite these shortcomings, the organization maintains a good balance between its liabilities and assets, reflecting a stable financial position.
Overall, Rebound Inc demonstrates a commitment to effective program spending and transparency, but it will benefit from addressing its governance policy gaps to enhance its accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Rebound Inc legitimate?
Rebound Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rebound 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:
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For more financial information, click here
Official website here: www.reboundinc.org
What is the mission statement of Rebound Inc?
Rebound Inc's mission is centered around making a positive impact in housing and economic development. The organization strives to help families gain access to affordable, high-quality housing within urban neighborhoods. To accomplish this, Rebound Inc provides quality, affordable single-family homes and works on the restoration and rehabilitation of houses. Currently, they are focusing on redeveloping homes in West Louisville under Federal CHDO housing development programs. As a Community Housing Development Organization (CHDO), Rebound Inc has the capability to fulfill its mission across the Louisville metro area.
Official website here: www.reboundinc.org
Who is the CEO of Rebound Inc?
Kevin Dunlap is the Treasurer of Rebound Inc.
Official website here: www.reboundinc.org
What is the revenue of Rebound Inc?
Rebound Inc's revenue in 2022 was $1,504,654.
Official website here: www.reboundinc.org
Who are the executives of Rebound Inc and what are their salaries?
Here are 16 key members and their salaries:
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- Related: $95,079
- Other: $5,125
Official website here: www.reboundinc.org
Where can I find the form 990 for Rebound Inc?
Rebound Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reboundinc.org
Learn more at the official website: www.reboundinc.org
Mission Statement of Rebound Inc
Rebound Inc, a community housing development organization, is dedicated to making a positive impact in the areas of housing and economic development. The nonprofit's primary mission is to assist families in gaining access to affordable, high-quality housing within urban neighborhoods. By providing quality, affordable single-family homes, Rebound Inc aims to contribute to the restoration and rehabilitation of homes, particularly in inner city neighborhoods. As a Community Housing Development Organization (CHDO), Rebound Inc can extend its reach beyond West Louisville under federal CHDO Housing Development programs, working towards its mission of improving housing and economic conditions for families across the community.
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Impact
July, 2024
Rebound Inc's impact is significant in creating positive change in housing and economic development, particularly in providing access to affordable, quality housing for families within historic urban neighborhoods. They are actively involved in the restoration and rehabilitation of homes, focusing on redeveloping properties in West Louisville under federal housing development programs. As a Community Housing Development Organization (CHDO), Rebound is able to work throughout the Louisville metro area to fulfill its mission of improving housing options and enhancing economic opportunities for residents. Their work positively influences the local community and contributes to the revitalization of urban neighborhoods.
This information is meant to be a general summary of Rebound 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.
- Program Service Revenue: $936,361
- Gross Receipts: $1,504,654
Assets and Liabilities:
- Total Assets: $6,856,978
- Total Liabilities: $1,975,351
- Net Assets: $4,881,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$843,500
DEVELOPER FEES
Revenue
$92,861
Organization Details
Founding Year
1993
Phone
(502) 566-3369Principal Officer
Kevin Dunlap
Main Address
1535 W BROADWAY, LOUISVILLE, KY, 40203
Website
www.reboundinc.orgNTEE Category
Code: L80 - Housing
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