Rebuild Metro Inc

Organization Overview

Rebuild Metro Inc is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Rebuild Metro Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rebuild Metro Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Rebuild Metro Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REBUILD METRO, INC. (RBMI) ASSEMBLES LAND, PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT THE MID-ATLANTIC, CONCENTRATING IN AREAS WHERE IT CAN CREATE OPPORTUNITIES FOR WORKING FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARTICIPATES IN 1) REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES TO CREATE OPPORTUNITY FOR DISADVANTAGED FAMILIES IN SUBURBAN LOCATIONS AND 2) COMMUNITY-LED REDEVELOPMENT OF DISTRESSED URBAN NEIGHBORHOODS. SUBURBAN INCOME-RESTRICTED HOUSING DEVELOPMENTS INCLUDE TWO PROJECTS UNDER DEVELOPMENT: A 60-UNIT APARTMENT BUILDING IN MAPLE SHADE, NJ, AND A 58-UNIT APARTMENT BUILDING IN SADDLE BROOK, NJ; AND 6 COMPLETED PROJECTS PROVIDING OVER 550 AFFORDABLE RENTAL UNITS FOR FAMILIES AND SENIORS IN NJ, DE, AND MD. REBUILD METRO'S REDEVELOPMENT OF DISTRESSED URBAN AREAS IS FOCUSED ON BALTIMORE, MD. CURRENTLY, REBUILD METRO IS ADVANCING THE REHABILITATION OF OVER 40 HISTORIC TOWNHOMES FOR SALE IN EAST BALTIMORE AND WORKING ON THE DEVELOPMENT OF 113 AFFORDABLE RENTAL UNITS. REBUILD ALSO DIRECTLY MANAGES 160 AFFORDABLE RENTAL UNITS AND IS THE CO-DEVELOPER AND MINORITY PARTNER OF 3 AFFORDABLE APARTMENT BUILDINGS WHICH SERVE 189 LOW-INCOME FAMILIES IN EAST BALTIMORE. AS PART OF ITS URBAN REDEVELOPMENT WORK, REBUILD METRO IS THE LED DEVELOPER FOR THE JOHNSTON SQUARE PLAN AND IT HAS SITE CONTROL OVER 550 VACANT PROPERTIES, WHICH ARE BEING REVITALIZED TO CREATE RESIDENTIAL DEVELOPMENT, PARKS, PLAYGROUNDS, AND OTHER COMMUNITY AMENITIES.


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Board, Officers & Key Employees

Name (title)Compensation
C Sean Closkey
President
$163,178
Michael Bainum
Director Of Development
$126,185
Charles F Metzger Jr
Controller
$97,654
Wendi Redfern
Chief Operating Officer Until 2/21
$25,947
Robert English
Vice Chair
$0
Calvin Keene
Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Keating Urban Partners Llc
General Contractor Construction Services
$688,116
Rd Delgado Construction
General Contractor Construction Services
$422,413
Masonry Renovation Solutions Llc
General Contractor Construction Services
$232,111
Thomas Construction Group Llc
General Contractor Construction Services
$195,213
Personal Electric Llc
General Contractor Construction Services
$178,414
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $915,622
All other contributions, gifts, grants, and similar amounts not included above$1,156,398
Noncash contributions included in lines 1a–1f $289
Total Revenue from Contributions, Gifts, Grants & Similar$2,072,020
Total Program Service Revenue$2,052,929
Investment income $1,736
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,243,559

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Rebuild Metro Inc has recieved totaling $594,679.

Awarding OrganizationAmount
Robert W Deutsch Foundation Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING GRANT

$180,000
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT

$100,000
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: SPECIAL PROJECT

$100,000
M Goldseker Foundation Of Md

Baltimore, MD

PURPOSE: SUPPORTING GRANT

$75,000
Madeline Foundation

Baltimore, MD

PURPOSE: UNRESTRICTED

$49,662
Annie E Casey Foundation

Baltimore, MD

PURPOSE: SUPPORT REBUILD METRO'S RENTAL SUPPORT EFFORTS

$40,000
View Grant Recipient Profile

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