Reinvestment Partners
- Assets
- $21.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Durham, NC
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 31-1587628
Organization Overview
Reinvestment Partners is located in Durham, NC. The organization was established in 1998. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Reinvestment Partners employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reinvestment Partners 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 12/2022, Reinvestment Partners generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 32.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reinvestment Partners has awarded 57 individual grants totaling $632,982. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER HEALTHY AND JUST COMMUNITIES BY WORKING WITH PEOPLE, PLACES AND POLICY. THE AGENCY PROVIDES HOUSING COUNSELING, VITA, FOOD ASSISTANCE, AFFORDABLE HOUSING, POLICY ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RPRX HOUSING - OUR HOTEL TO HOME BRIDGE HOUSING PROGRAM PROVIDES A TEMPORARY, SAFE PLACE FOR PERSONS EXPERIENCING HOMELESSNESS WHILE THEY APPLY FOR PERMANENT HOUSING OPTIONS.DEVELOPMENT - INVESTED IN NC NEIGHBORHOODS VIA COMMUNITY DEVELOPMENT PROJECTS INCLUDING OUR 62 RENTAL UNITS AND A HISTORIC COMMUNITY BUILDING.
TAXPAYER ASSISTANCE CENTER - PROVIDE CURRENT YEAR AND FOLLOW UP INCOME TAX SERVICES, ADVOCATE FOR TAX FRAUD VICTIMS, EDUCATE PUBLIC ON RIGHTS AND RESPONSIBILITIES, INVESTIGATE INDUSTRY PRACTICES (SERVED OVER 1,700 CLIENTS LOCALLY AND 25,000 THROUGH PARTNERSHIPS ACROSS THE STATE) VARIOUS CONSUMER ADVOCACY PROGRAMS
HOUSING COUNSELING SERVICES, FORECLOSURE PREVENTION COUNSELING, AND HEALTHY HOMES SERVICES FOR OVER 500 HOUSEHOLDS
RPRX FOODS - ENROLLED OVER 40,000 RESIDENTS IN OUR HEALTHY FOOD PRESCRIPTION PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lenwood Long Chair | OfficerTrustee | 0 | $0 |
Natasha Goldstein Treasurer | OfficerTrustee | 0 | $0 |
Brian Dabson Vice Chair | OfficerTrustee | 0 | $0 |
Michael DE Los Santos Secretary | OfficerTrustee | 0 | $0 |
Mayme Webb-Bledsoe Director | Trustee | 0 | $0 |
Peter Katz Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ct Wilson Construction Co Construction Contract | 12/30/21 | $1,973,589 |
Durham Investment Group Rental Of Hotel Rooms | 12/30/21 | $1,350,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,929,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,447,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,377,060 |
| Total Program Service Revenue | $4,344,852 |
| Investment income | $8,786 |
| 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 | $10,758,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,047 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,541 |
| Compensation of current officers, directors, key employees. | $27,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,099,575 |
| Pension plan accruals and contributions | $56,846 |
| Other employee benefits | $103,397 |
| Payroll taxes | $84,914 |
| Fees for services: Management | $169,032 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,568 |
| Office expenses | $14,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $566,895 |
| Travel | $21,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,852 |
| Insurance | $77,800 |
| All other expenses | $82,015 |
| Total functional expenses | $8,605,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,830,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,871,583 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,931,819 |
| Investments—publicly traded securities | $75,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,808 |
| Total assets | $21,753,597 |
| Accounts payable and accrued expenses | $3,034,467 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,377,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,855,297 |
| Total liabilities | $11,267,672 |
| Net assets without donor restrictions | $9,505,785 |
| Net assets with donor restrictions | $980,140 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,753,597 |
Grants Awarded
Over the last fiscal year, Reinvestment Partners has awarded $211,045 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE COMMUNITY ACTION PURPOSE: VITA Subgrantee | $8,000 |
COMMUNITY LINK PURPOSE: VITA Subgrantee | $17,500 |
EXPERIMENT IN SELF-RELIANCE PURPOSE: VITA Subgrantee | $17,560 |
SENIOR RESOURCES OF GUILFORD PURPOSE: VITA Subgrantee | $8,190 |
ONTRACK FINANCIAL EDUCATION AND COUNSELING PURPOSE: VITA Subgrantee | $13,197 |
ORANGE COUNTY DEPARTMENT ON AGING-RSVP PURPOSE: VITA Subgrantee | $23,470 |