Civic Intelligence

Project Rebuild Inc.

990 • Fiscal year 2017 • EIN 46-4340949

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

150 Broadway Rm/Ste 2101New York, NY 10038

(212) 584-8981

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.16x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.32x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$224,027

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

95th percentile

47%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

36%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$37,796,903

Up $12,052,121 (+47%) from 2016

Net Assets

Up

$31,785,863

Up $18,414,774 (+138%) from 2016

Liabilities

Down

$6,011,040

Down $6,362,653 (-51%) from 2016

Revenue

Up

$18,885,358

Up $4,977,910 (+36%) from 2016

Expenses

Up

$540,311

Up $198,025 (+58%) from 2016

Net Income

Up

$18,345,047

Up $4,779,885 (+35%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $194,073Net Assets 2015: -$194,0732015Assets 2016: $25,744,782Liabilities 2016: $12,373,693Net Assets 2016: $13,371,0892016Assets 2017: $37,796,903Liabilities 2017: $6,011,040Net Assets 2017: $31,785,8632017Assets 2018: $47,175,433Liabilities 2018: $2,828,303Net Assets 2018: $44,347,1302018Assets 2019: $45,857,693Liabilities 2019: $2,374,391Net Assets 2019: $43,483,3022019Assets 2020: $54,952,598Liabilities 2020: $3,037,022Net Assets 2020: $51,915,5762020Assets 2021: $7,122,605Liabilities 2021: $2,437,823Net Assets 2021: $4,684,7822021Assets 2022: $3,221,678Liabilities 2022: $2,775,826Net Assets 2022: $445,8522022Assets 2023: $30,671Liabilities 2023: $30,671Net Assets 2023: $02023Assets 2024: $25,844Liabilities 2024: $7,162Net Assets 2024: $18,6822024

Highlighted filing

2017

Assets$37,796,903
Liabilities$6,011,040
Net Assets$31,785,863

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$0-$20M-$40M-$60MExpenses 2015: $194,0732015Revenue 2016: $13,907,448Expenses 2016: $342,286Net Income 2016: $13,565,1622016Revenue 2017: $18,885,358Expenses 2017: $540,311Net Income 2017: $18,345,0472017Revenue 2018: $9,747,090Expenses 2018: $859,849Net Income 2018: $8,887,2412018Revenue 2019: $3,132,501Expenses 2019: $3,996,329Net Income 2019: -$863,8282019Revenue 2020: $9,888,362Expenses 2020: $1,456,088Net Income 2020: $8,432,2742020Revenue 2021: -$46,780,468Expenses 2021: $450,326Net Income 2021: -$47,230,7942021Revenue 2022: $0Expenses 2022: $3,753,763Net Income 2022: -$3,753,7632022Revenue 2023: $0Expenses 2023: $445,852Net Income 2023: -$445,8522023Revenue 2024: $18,707Expenses 2024: $25Net Income 2024: $18,6822024

Highlighted filing

2017

Revenue$18,885,358
Expenses$540,311
Net Income$18,345,047
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.3
Gross Receipts
$18,885,358
Mission and Program Overview

Mission

The corporation is organized exclusively for the purpose of preserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. In addition to promoting affordable housing opportunities,it seeks to prevent and eliminate blight and foster the stabilization of communities throughout new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,835,943$5,004,096▼ $6,831,847
Prepaid Expenses and Deferred Charges$1,391--
Total Assets$25,744,782$37,796,903▲ $12,052,121
Other Assets Total$13,907,448$32,792,807▲ $18,885,359
Liabilities
Deferred Revenue$9,815,484$3,674,026▼ $6,141,458
Other Liabilities$2,548,709$2,326,514▼ $222,195
Accounts Payable and Accrued Expenses$9,500$10,500▲ $1,000
Total Liabilities$12,373,693$6,011,040▼ $6,362,653
Net Assets / Fund Balance
Unrestricted Net Assets$13,371,089$31,785,863▲ $18,414,774
Total Net Assets Fund Balance$13,371,089$31,785,863▲ $18,414,774
Total Liabilities and Net Assets / Fund Balance$25,744,782$37,796,903▲ $12,052,121

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$32,792,807--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
MR SALVATORE D'AVOLAAssistant Se$61,599$162,428$224,027
MR SALVATORE D'AVOLAAssistant Secretary$61,599$5,606$67,205

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$18,885,358
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$18,345,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,885,358
Total Revenue per Audited Statements
$18,885,358
Total Revenue per Form 990
$18,885,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$460,931
Other Expenses$79,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,502$26,419-$307,921
Other Employee Benefits$30,794$32,369-$63,163
Current Officers, Directors, Trustees, and Key Employees$15,400$46,199-$61,599
Other Expenses-$48,938-$48,938
Payroll Taxes$22,713$5,535-$28,248
Insurance$11,113$3,505-$14,618
Fees for Services Accounting-$10,500-$10,500
Travel$2,094$660-$2,754
Fees for Services Legal-$1,000-$1,000
Office Expenses$604$191-$795
Fees for Services Other-$775-$775
Total Functional Expenses$364,220$176,091$0$540,311

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$540,311
Total Expenses per Audited Statements$540,311
Total Expenses per Form 990$540,311
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$2,000,000
Due to Neighborhood Restore/rh$326,514
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copy of form 990 is provided to the board before filing.

Form 990, Page 6, Part VI, Line 12C

Yes, by following procedures outlined in the policy statement.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Project Rebuild Inc
EIN
46-4340949
Phone
2125848981
Address
150 BROADWAY RM/STE 2101, NEW YORK, NY 10038

Signing Officer

Name
MR SALVATORE D'AVOLA
Title
Assistant Secretary
Phone
2125848981
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MR SALVATORE D'AVOLA
Formed
2014
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
VARGAS & RIVERA CPA'S LLP
Address
586 ROUTE 304, NEW CITY, NY 10956
Preparer
Theodore Vargas
Phone
8456383113
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized exclusively for the purpose of preserving and creating, on a non-profit basis, housing projects for persons of low and moderate income. In addition to promoting affordable housing opportunities,it seeks to prevent and eliminate blight and foster the stabilization of communities throughout new york city.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ENTERPRISE COMMUNITY PARTNERS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1LOCAL INITIATIVES SUPPORT CORPORATION
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MR SALVATORE D'AVOLA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES,IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, BY FOLLOWING PROCEDURES OUTLINED IN THE POLICY STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/CityNm0NEW YORK
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