Organizations Filed Purposes:
THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE QUALITY SAFE AFFORDABLE HOUSING FOR ELIGIBLE LOW-INCOME INDIVIDUALS AND FAMILIES.
THE ORGANIZATION HAS BEEN FORMED TO SPONSOR THE PRESERVATION OF AFFORDABLE LOW INCOME ELDERLY HOUSING PROJECTS, PRIMARILY THOSE FINANCED UNDER THE HUD SECTION 202 DIRECT LOAN PROGRAM WITH RENTAL SUBSIDIES PROVIDED UNDER SECTION 8 HOUSING PAYMENT (HAP) CONTRACTS. THE PRESERVATION OF THESE PROJECTS AS AFFORDABLE HOUSING IS AN ACUTE PROBLEM BECAUSE THE MAJORITY OF THESE PROJECTS ARE APPROACHING THE MATURITY OF THEIR MORTGAGE TERMS AND MAY BE PREPAID WITHOUT HUD APPROVAL. REBUILD AMERICA WILL ACQUIRE SUCH PROJECTS AND MAINTAIN THE AFFORDABLE HOUSING FOR THE RESIDENTS.
THE ORGANIZATION FACILITATED THE ACQUISITION AND RENOVATION OF FOUR RENTAL APARTMENT FACILITIES OPERATED FOR LOW-INCOME ELDERLY AND SELF SUFFICIENT HANDICAPPED PERSONS. THE APARTMENT FACILITIES ARE KNOWN AS BROADWAY TERRACE, SAMARI TOWERS, ROBERT FORCUM TOWERS AND BROADWAY TOWERS OF KNOXVILLE. THESE FACILITIES SERVE LOW INCOME ELDERLY RESIDENTS PURSUANT TO THE HUD SECTION 8 RENTAL ASSISTANCE PROGRAM. THE ORGANIZATION ACTS AS THE DEVELOPER AND MANAGING GENERAL PARTNER OF THE PARTNERSHIPS WHICH ACQUIRED AND OPERATE THE FACILITIES. THE ORGANIZATION IS RESPONSIBLE FOR OVERSEEING AND MANAGING THE RENOVATION WORK CURRENTLY IN PROGRESS AT THE FACILITIES.
THE ORGANIZATION SERVES AS THE MANAGING GENERAL PARTNER AND ASSET MANAGER OF A PARTNERSHIP WHICH ACQUIRED AND RENOVATED A 100 UNIT APARTMENT FACILITY LOCATED IN ARCADIA, CALIFORNIA. THE APARTMENT FACILITY SERVES ITS LOW-INCOME ELDERLY AND SELF SUFFICIENT HANDICAPPED RESIDENTS PURSUANT TO THE HUD SECTION 8 RENTAL ASSISTANCE PROGRAM.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Mark J Kemp | VICE PRESIDENT | 40 | $180,966 |
| Leann Pearson | PRESIDENT/DIRECTOR | 8 | $44,615 |
| Dharan Mandrayar | DIRECTOR | 1 | $0 |
| Betty Glass | SECRETARY/DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201932809349300738_public.xml