REBUILD Durham Inc.

Overview

REBUILD Durham Inc. is a nonprofit organization focused on community development and housing initiatives in Durham, North Carolina. It operates as a Community Housing Development Organization (CHDO), which allows it to participate in various community welfare programs.

Programs and Activities

The organization is involved in several programs aimed at improving community conditions:

• Workforce Development Training: They provide training to help local residents acquire new skills, enhancing their employability.
• Homebuyer Education: REBUILD Durham offers educational resources to assist potential homebuyers in understanding the process and responsibilities of homeownership.
• Financial Literacy: The organization helps community members manage finances effectively through workshops and educational programs.
• Fair Housing/Lending Education: It strives to ensure fair and equitable access to housing and financial services.
• Small and Women-Owned Business Support: They focus on promoting and supporting small businesses, particularly those owned by women.

Financial Overview

REBUILD Durham Inc. has reported revenues of approximately $197,000 to $200,000 in recent years. The organization's expenses have been around $200,000 to $204,000. Its total assets have increased from around $500,000 to $806,000, while liabilities have fluctuated between $945,000 and $1 million[2].

Nonprofit Status and Operations

As a tax-exempt nonprofit, REBUILD Durham Inc. is recognized for its efforts in acquiring, restoring, and renting properties in Durham. This work is crucial for maintaining affordable housing options and contributing to the revitalization of local neighborhoods[3][5].