Rebuild America Inc.
Rebuild America Inc.
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About this organization
Revenue
$1,341,469
Expenses
$436,676
Mission
The organization has been formed to sponsor the preservation of affordable low income elderly housing projects, primarily those financed under the HUD Section 202 direct loan program with rental subsidies provided under Section 8 housing payment (HAP) contracts. The preservation of these projects as affordable housing is an acute problem because the majority of these projects are approaching the maturity of their mortgage terms and may be prepaid without HUD approval. Rebuild America will acquire such projects and maintain the affordable housing for the residents.
About
The organization facilitated the acquisition and renovation of four rental apartment facilities operated for low-income elderly and self sufficient handicapped persons. The apartment facilities are known as Broadway Terrace, Samari Towers, Robert Forcum Towers and Broadway Towers of Knoxville. These facilities serve low income elderly residents pursuant to the HUD Section 8 rental assistance program. The organization acts as the developer and managing general partner of the partnerships which acquired and operate the facilities. The organization is responsible for overseeing and managing the renovation work currently in progress at the facilities.
Interesting data from their 2019 990 filing
The non-profit's aim, as indicated in the filing, is “The organization's primary mission is to provide quality safe affordable housing for eligible low-income individuals and families.”.
When detailing its duties, they were outlined as: “The organization has been formed to sponsor the preservation of affordable low income elderly housing projects, primarily those financed under the hud section 202 direct loan program with rental subsidies provided under section 8 housing payment (hap) contracts. the preservation of these projects as affordable housing is an acute problem because the majority of these projects are approaching the maturity of their mortgage terms and may be prepaid without hud approval. rebuild america will acquire such projects and maintain the affordable housing for the residents.”.
- The non-profit has reported their operating state as CA, as required by law.
- As stated in the filing, the non-profit's address in 2019 was 1720 GRACEWOOD PARKWAY, WATKINSVILLE, GA, 30621.
- The non-profit's form for the year 2019 reports a total of 0 employees on their payroll.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $904,793.
- The organization has 3 independent voting members.
- The organization was formed in 2012.
- The organization pays $351,824 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.