2021-11-10T09:46:25-06:00 2020-12-31 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2020-01-01 232671667 REBUILD METRO INC REBU 4105636220 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 SEAN CLOSKEY PRESIDENT 4105636220 2021-11-01 1 SEAN CLOSKEY 999009999 D JOHN MAHAFFEY CPA P00224113 4103565900 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SEAN CLOSKEY 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 4687694 0 X WWW.REBUILDMETRO.COM X 1991 PA 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. 12 12 17 0 0 0 4238161 2497866 402387 1393614 5309 8109 601859 788105 5247716 4687694 0 0 0 0 1309310 1399239 0 0 94278 2694553 2501530 4003863 3900769 1243853 786925 26746169 28377577 20748038 21592521 5998131 6785056 X RBMI SEEKS TO CREATE WEALTH AND OPPORTUNITY FOR THE COMMUNITIES IT SERVES BY MAKING REAL ESTATE INVESTMENTS THAT REINFORCE COMMUNITY ASSETS, REVITALIZE DOWNWARD MARKETS AND CREATE SUITABLE ENVIRONMENTS FOR MARKET GROWTH. ITS INVESTMENT PROCESS SEEKS LONG-TERM SUSTAINABLE CHANGE AND REQUIRES EFFECTIVE PARTNERSHIPS WITH NEIGHBORHOOD ORGANIZATIONS, LOCAL GOVERNMENTS AND PRIVATE DEVELOPERS. 0 0 2932769 2181719 PARTICIPATES IN REAL ESTATE TRANSACTIONS AND BUILDS AFFORDABLE HOMES TO CREATE OPPORTUNITY FOR DISADVANTAGED FAMILIES BY DIRECTING CAPITAL INTO DISTRESSED URBAN NEIGHBORHOODS. PROJECTS INCLUDE 44 UNIT SINGLE FAMILY TOWNHOMES IN MT HOLLY, NJ, 60 LOW INCOME APARTMENTS IN WOODBRIDGE, NJ, 70 AFFORDABLE APARTMENTS IN CENTERVILLE, MD, THE REHABILITATION OF 43 HISTORIC TOWNHOMES FOR SALE AND FOR RENT IN PRESTON PLACE AREA OF BALTIMORE, MARYLAND ADJACENT TO THE JOHNS HOPKINS MEDICAL CENTER, THE DEVELOPMENT OF 72 AFFORDABLE RENTAL UNITS IN THE JOHNSTON SQUARE NEIGHBORHOOD OF BALTIMORE AND THE MANAGEMENT OF 150 AFFORDABLE RENTAL UNITS IN BALTIMORE. IN ADDITION, THIS WORK INCLUDES COMMUNITY BASED PLANNING IN JOHNSTON SQUARE TO DRIVE THE REDEVELOPMENT OF OVER 550 VACANT PROPERTIES, WHICH WILL SUPPORT RESIDENTIAL DEVELOPMENT, PARKS, PLAYGROUNDS AND OTHER COMMUNITY AMENITIES 2932769 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 61 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MD X CHUCK METZGER 4105636220 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 CALVIN KEENE CHAIRMAN 2.00 X X 0 0 0 ROBERT ENGLISH VICE CHAIR 2.00 X X 0 0 0 DANA JOHNSON SECRETARY 2.00 X X 0 0 0 TAD GLENN TREASURER 2.00 X X 0 0 0 NANCY WAGNER-HISLIP BOARD MEMBER 2.00 X 0 0 0 JANET HARVEY BOARD MEMBER 2.00 X 0 0 0 ARCHIE REED BOARD MEMBER 2.00 X 0 0 0 MARSHAL PRENTICE BOARD MEMBER 2.00 X 0 0 0 ERICA SHELTON MDMPHMHSFACEP BOARD MEMBER 2.00 X 0 0 0 PETER BAIN BOARD MEMBER 2.00 X 0 0 0 JULIE DAY BOARD MEMBER 2.00 X 0 0 0 KAREN STOKES BOARD MEMBER 2.00 X 0 0 0 C SEAN CLOSKEY PRESIDENT 40.00 X 173628 0 24202 CHARLES F METZGER JR CONTROLLER 40.00 X 100080 0 20401 WENDI REDFERN CHIEF OPERATING OFFICER 40.00 X 136277 0 8967 MICHAEL BAINUM DIRECTOR OF DEVELOPMENT 40.00 X 126908 0 24947 536893 0 78517 4 0 1 0 GORFINE SCHILLER & GARDYN PA 10045 RED RUB BLVD STE 200 OWINGS MILLS MD 21117 ACCOUNTING SERVICES 149500 1 583526 1914340 2497866 REAL ESTATE REVENUE 531390 1158804 1158804 INTEREST 531390 234810 234810 1393614 8109 8109 TERMINATION FEES 900099 532960 532960 DEVELOPER FEE 900099 123442 123442 ACCRETION INCOME 900099 80539 80539 51164 51164 788105 4687694 2181719 0 8109 463554 379095 61328 23131 738847 604230 97748 36869 19329 15807 2557 965 79929 65366 10575 3988 97580 79801 12910 4869 62379 56141 6238 78308 70477 7831 110978 91002 14427 5549 5717 5145 572 213127 174764 27707 10656 123441 101222 16047 6172 8351 6848 1085 418 2727 2236 355 136 459803 78167 381636 458577 435648 22929 109764 16465 93299 EQUITY LOSS IN SUBSIDIA 262412 262412 PROGRAM EXPENSES 126194 126194 WARRANTY EXPENSES 109151 109151 BAD DEBTS 102291 102291 268310 150307 116478 1525 3900769 2932769 873722 94278 1719770 4087239 1003912 1005232 3420629 2634358 9637143 9915755 154820 335534 11589007 3623911 8437206 7965096 1537103 1444781 835586 989582 26746169 28377577 737124 620303 2717618 2629406 16937968 17914908 355328 427904 20748038 21592521 X 5998131 6785056 5998131 6785056 26746169 28377577 786925 0 X X 0 1 X 1 1 1 X 1423636 2491465 4114697 4238161 2497866 14765825 1423636 2491465 4114697 4238161 2497866 14765825 1279446 13486379 1224 501 380 5309 8109 15523 14781348 6695852 0.91240 0.91910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 215070 215070 11250251 3514175 7736076 1242 1097 145 122444 108639 13805 7965096 INVESTMENT IN SUBSIDIARIES 1444781 C 1444781 INTEREST PAYABLE 427904 427904 X PART X, LINE 2: THE COMPANY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. FASB ASC 740, ACCOUNTING FOR INCOME TAXES, REQUIRES THE COMPANY TO RECOGNIZE OR DISCLOSE ANY TAX POSITIONS THAT WOULD RESULT IN UNRECOGNIZED TAX BENEFITS. THE COMPANY HAS NO POSITIONS THAT WOULD REQUIRE DISCLOSURE OR RECOGNITION UNDER THE TOPIC. X X X 0 0 0 0 0 0 0 0 0 C SEAN CLOSKEY PRESIDENT 169008 0 4620 0 0 0 3250 0 20952 0 197830 0 0 0 MICHAEL BAINUM DIRECTOR OF DEVELOPMENT 125000 0 1908 0 0 0 4715 0 20232 0 151855 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A BY-LAWS, ARTICLE III, SECTION 2 STATES "THE ANNUAL MEETING OF THE SOLE MEMBER OF THE CORPORATION SHALL BE HELD AT SUCH TIME AND PLACE AS THE MEMBER MAY DETERMINE, DURING WHICH REBUILD METRO, INC. (RBMI), AS THE SOLE MEMBER, SHALL ELECT THE BOARD OF DIRECTORS OF THE CORPORATION ("THE BOARD OR "BOARD OF DIRECTORS"). ARTICLE III, SECTION 1 STATES "THE SOLE MEMBER OF THIS CORPORATION SHALL BE THE REINVESTMENT FUND (HEREAFTER "RBMI")". FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ENGAGED AN INDEPENDENT FIRM TO PREPARE FORM 990 IN ACCORDANCE WITH OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT AND RBMI'S AUDIT AND FINANCE COMMITTEE WHICH IS A SUB-COMMITTEE OF THE FULL BOARD WITH FISCAL AND FIDUCIARY OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 12C A COMPREHENSIVE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD AND COMMITTEE MEMBERS. UPON RECEIPT OF THE QUESTIONNAIRE, ALL BOARD AND COMMITTEE MEMBERS HAVE 60 DAYS TO RETURN THE COMPLETED QUESTIONNAIRE TO THE ORGANIZATION'S HUMAN RESOURCE DEPARTMENT. THE COMPLETED QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE HUMAN RESOURCE DEPARTMENT AND ANY POTENTIAL CONFLICTS ARE COMMUNICATED TO THE ORGANIZATION'S MANAGEMENT AND BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO THROUGH A VARIETY OF SOURCES, INCLUDING COMPETITOR DATA AND SURVEYS. ADDITIONALLY, THE ORGANIZATION HAS ENGAGED THE SERVICES OF AN INDEPENDENT CONSULTANT TO PROVIDE AN OPINION ON THE RESONABLENESS OF THE COMPENSATION PLAN FOR THE CEO AND THREE TOP MANAGEMENT OFFICIALS USING COMPARATIVE DATA AND SURVEY DATA. THE OPINION LETTER FOR THE CEO COMPENSATION IS SENT DIRECTLY TO THE CHAIRMAN OF THE BOARD. THE OPINION LETTER FOR THE THREE TOP MANAGEMENT OFFICIALS IS SENT DIRECTLY TO THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, FORM(S) 1023, 990, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C THE COMPANY DID NOT CHANGE ITS OVERSIGHT PROCESS FROM THE PREVIOUS YEAR. REBUILD METRO - PHILADELPHIA LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 208007552 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES DE -386604 -1251350 REBUILD METRO INC REBUILD METRO - RIDGE AVENUE LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 208323524 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES NJ 45195 -1235870 REBUILD METRO INC REBUILD METRO - BALTIMORE LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 204974859 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES DE -472386 5177544 REBUILD METRO BALTIMORE LLC REBUILD METRO - OLIVER LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 260620985 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES DE -235724 4228453 REBUILD METRO - 1500 LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 264788224 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES DE 6886 450872 REBUILD METRO BALTIMORE LLC REBUILD METRO - 8 LLC 1129 NORTH CAROLINE STREET BALTIMORE MD 21213 270881428 REAL ESTATE INVESTMENT FOR DISADVANTAGED COMMUNITIES DE -2771 -201990 REBUILD METRO BALTIMORE LLC REBUILD METRO - 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