Advanced the welfare of the community, through construction, maintaining and operating a sixty-five (65) unit multifamily governmental assisted housing project for the elderly and low-to-moderate income families.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $135K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$35K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$781K
Spent
$696K
To programs
92%
Net assets
$924K
By yearFY2021–FY2025
Revenue
$781K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$781K
FY2022$848K
FY2023$853K
FY2024$802K
FY2025$1.3M
Expenses
$696K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$696K
FY2022$758K
FY2023$768K
FY2024$731K
FY2025$949K
Net assets
$924K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$924K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.5M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-09-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $640K Management & general 8% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Re-Build Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing for seniors and low-income families through construction and operation.

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Provided by the organization

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1 program · $640K · in their own filed words · FY2020
01

Rental of 65 units under a hud 221(d)(3) program

$640Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$781K
Ln 12
Fees for servicesLn 2g$781K
Investment incomeLn 3$131
Money outPt IX
$696K
Ln 25
Programscol B$640K
Managementcol C$56K
Owns and owesPt X
$924K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$958K
LiabilitiesLn 26$35K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$781K
Investment incomeLn 3$131
Total revenueLn 12$781K
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
Land, buildings, equipmentLn 10c$360K
Other assetsLn 15$423K
Total assetsLn 16$958K
LiabilitiesLn 26$35K
Net assetsLn 32$924K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$167K$98K
Land, buildings, equipmentLn 10c$378K$360K
Total assetsLn 16$877K$958K
LiabilitiesLn 26$39K$35K
Net assetsLn 32$838K$924K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$127K$127K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$39K$39K
Legal feesLn 11b$18$18
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$25K$25K
OccupancyLn 16$143K$143K
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$78K$78K
Other expenses (24a–d)Ln 24$226K$225K$580
Total functional expensesLn 25$696K$640K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$949K$344K$1.5M 990 PDF
FY2024 $802K$731K$71K$1.2M 990 PDF
FY2023 $853K$768K$84K$1.1M 990 PDF
FY2022 $848K$758K$90K$1.0M 990 PDF
FY2021 Viewing $781K$696K$85K$924K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $781,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $768,349$780,952
I-10 Investment incomePrior year $62$131
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $768,411$781,083
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $140,294$140,470
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $426,455$555,232
I-18 Total expensesPrior year $566,749$695,702
I-19 Revenue less expensesPrior year $201,662$85,381
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $781,083 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $780,952$780,952
VIII-3 Investment incomeExcluded from tax $131$131
VIII-12 Total revenueRelated to mission $780,952 · Unrelated business $0 · Excluded from tax $131$781,083
Part IX · Statement of functional expenses $695,702 across 13 lines filed
IX-7 Other salaries and wagesPrograms $127,402$127,402
IX-9 Other employee benefitsPrograms $2,594$2,594
IX-10 Payroll taxesPrograms $10,474$10,474
IX-11a Management feesManagement $38,801$38,801
IX-11b Legal feesPrograms $18$18
IX-11c Accounting feesManagement $8,120$8,120
IX-12 Advertising and promotionPrograms $1,222$1,222
IX-13 Office expensesPrograms $24,502$24,502
IX-16 OccupancyPrograms $143,481$143,481
IX-19 Conferences, conventions and meetingsManagement $8,247$8,247
IX-22 Depreciation, depletion and amortizationPrograms $27,203$27,203
IX-23 InsurancePrograms $77,834$77,834
IX-24 Other expenses (24a–d)Programs $225,224 · Management $580$225,804
IX-25 Total functional expensesPrograms $639,954 · Management $55,748 · Fundraising $0$695,702
Part X · Balance sheet $958,265 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $166,795$97,757
X-4 Accounts receivableStart of year $22,242$18,529
X-9 Prepaid expenses and deferred chargesStart of year $7,730$59,020
X-10c Land, buildings and equipment, netStart of year $378,455$359,924
X-15 Other assetsStart of year $301,493$423,035
X-16 Total assetsStart of year $876,715$958,265
X-17 Accounts payable and accrued expensesStart of year $10,740$11,216
X-19 Deferred revenueStart of year $12,265$6,435
X-25 Other liabilitiesStart of year $15,538$17,061
X-26 Total liabilitiesStart of year $38,543$34,712
X-27 Net assets without donor restrictionsStart of year $838,172$923,553
X-32 Total net assets or fund balancesStart of year $838,172$923,553
X-33 Total liabilities and net assetsStart of year $876,715$958,265
Part XI · Reconciliation of net assets $923,553 net assets at year end
XI-1 Total revenue$781,083
XI-2 Total expenses$695,702
XI-3 Revenue less expenses$85,381
XI-4 Net assets at start of year$838,172
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$923,553

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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