REBUILD METRO INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

CHARLES METZGER JR

Phone

4105636220

Tax Period

2023-01-01 to 2023-12-31

REBUILD METRO INC, founded in 1991, is a mid-sized nonprofit in the Community Improvement sector that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 46% operating margin.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $7,463,466 Revenue: $542,766

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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,886,712

Program Service Revenue $455,946

Investment Income $92,199

Other Revenue $86,820

TOTAL REVENUE $15,521,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,818,046

Fundraising Expenses $149,734

Program Expenses $7,463,466

Other Expenses $6,637,019

TOTAL EXPENSES $8,455,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,521,677	$6,607,787	+1.3%
Expenses	$8,455,065	$4,823,181	+0.8%
Net Income	$7,066,612	$1,784,606	+3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$306,145

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV CALVIN KEENE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT ENGLISH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DANA JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
TOD GLENN	TREASURER	2.00	Officer Director	$0	$0	$0
NANCY WAGNER-HISLIP	BOARD MEMBER	2.00	Director	$0	$0	$0
JANET HARVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
ARCHIE REED	BOARD MEMBER	2.00	Director	$0	$0	$0
REV MARSHAL PRENTICE	BOARD MEMBER	2.00	Director	$0	$0	$0
ERICA SHELTON MD	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER BAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE DAY	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN STOKES	BOARD MEMBER	2.00	Director	$0	$0	$0
C SEAN CLOSKEY	PRESIDENT	40.00	Officer	$169,448	$14,787	$184,235
CHARLES METZGER JR	CONTROLLER	40.00	Officer	$115,866	$6,044	$121,910
MICHAEL BAINUM	DIRECTOR OF DEVELOPMENT	40.00	Highest	$137,997	$9,948	$147,945
JENNIFER GUILLAUME	DIRECTOR OF PLANNING AND COMMUNITY ENGAGEMENT	40.00	Highest	$111,600	$4,464	$116,064

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$15,521,677	$8,455,065	$56,332,612	$7,066,612
2022	$6,607,787	$4,823,181	$39,942,541	$1,784,606
2021	$4,243,559	$4,067,576	$30,641,371	$175,983
2020	$4,687,694	$3,900,769	$28,377,577	$786,925
2019	$5,247,716	$4,003,863	$26,746,169	$1,243,853
2018	$5,877,193	$4,905,645	$29,935,132	$971,548