Overview
What is Community Investment Fund Of Indiana?
Community Investment Fund of Indiana is a mission-driven, state-wide organization, certified by the U.S. Department of Treasury's Community Development Financial Institution Fund. Located in Indianapolis, Indiana, the organization provides loans and development services to low-income individuals and organizations who lack adequate access to capital. The Community Investment Fund works with both new customers and an existing portfolio of customers who require business technical assistance. The organization tracks its customers and measures economic impact in underserved markets. With a focus on community reinvestment, the fund aims to finance projects that contribute to building vibrant communities and resilient families, making connections and facilitating access to program services for transformative community development. The organization currently employs a team of three individuals.
Official website here: www.capitalizingindiana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Community Investment Fund Of Indiana has achieved a commendable Four-Star rating from Charity Navigator, which indicates a high level of accountability and financial health. The rating is based solely on the organization's strong performance in Accountability & Finance, showcasing its commitment to transparency and responsible management of funds.
The organization demonstrates exceptional governance practices, with a fully independent board and no reported material diversion of assets. Furthermore, it has comprehensive policies in place, including conflict of interest and whistleblower policies, which bolster its integrity. The program expense ratio of 69.11% reflects a solid focus on its mission-driven activities, suggesting that a significant portion of its resources is directed towards impactful programs.
However, while the financial metrics are impressive, the evaluation does not touch upon the organization's programmatic effectiveness or community impact. This gap highlights a limitation in the assessment, as understanding the outcomes of its initiatives is essential for a complete picture of its success. Overall, the Community Investment Fund Of Indiana demonstrates strong financial practices, making it a trustworthy option for donors seeking to support community investment efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Community Investment Fund Of Indiana legitimate?
Community Investment Fund Of Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investment Fund Of Indiana submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $88,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,127
For more financial information, click here
Official website here: www.capitalizingindiana.org
What is the mission statement of Community Investment Fund Of Indiana?
The Community Investment Fund of Indiana, a mission-driven organization, finances projects aimed at creating vibrant communities and resilient families. They provide capital, establish connections, and facilitate access to program services for transformative community reinvestment. The organization's primary goal is to strengthen communities and families by financing projects that contribute to their growth and resilience. The Community Investment Fund of Indiana is certified by the U.S. Department of Treasury's Community Development Financial Institution Fund and offers loans and development services to low-income individuals and organizations who have limited access to capital. The organization works with both new customers and an existing portfolio of customers who require business technical assistance. They track their customers and measure the economic impact in underserved markets, with an active portfolio of $2,662,603 at the end of the fiscal year.
Official website here: www.capitalizingindiana.org
Who is the CEO of Community Investment Fund Of Indiana?
Matthew B Murphy is the Board President of Community Investment Fund Of Indiana.
Official website here: www.capitalizingindiana.org
What is the revenue of Community Investment Fund Of Indiana?
Community Investment Fund Of Indiana's revenue in 2022 was $2,295,698.
Official website here: www.capitalizingindiana.org
Who are the executives of Community Investment Fund Of Indiana and what are their salaries?
The average compensation at Community Investment Fund Of Indiana during 2022 was $50,571. There are 3 employees and 10 volunteers at Community Investment Fund Of Indiana.
Here are 11 key members and their salaries:
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- Compensation: $83,000
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Official website here: www.capitalizingindiana.org
Where can I find the form 990 for Community Investment Fund Of Indiana?
Community Investment Fund Of Indiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalizingindiana.org
Learn more at the official website: www.capitalizingindiana.org
Mission Statement of Community Investment Fund Of Indiana
Community Investment Fund of Indiana is a mission-driven organization that finances projects to foster vibrant communities and resilient families. Their primary role involves providing capital, establishing connections to the same, and facilitating access to program services for transformative community reinvestment. The organization's work is geared towards low-income individuals and organizations who struggle with inadequate access to capital. Community Investment Fund of Indiana interacts with both new clients and an existing portfolio of customers who require business technical assistance. The organization tracks its customers and measures the economic impact in underserved markets. At the end of the fiscal year, their active portfolio amounted to $2,662,603. In essence, Community Investment Fund of Indiana plays a significant role in financing projects that contribute to the betterment of communities and families in need, while also offering essential business assistance to its clients.
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Impact
October, 2024
The Community Investment Fund of Indiana (CIFI) plays a vital role in fostering vibrant communities and resilient families across the state. By providing essential capital and development services, CIFI supports low-income individuals and organizations who often face barriers to accessing financial resources.
With an active portfolio of over $2.6 million, CIFI not only funds transformative projects but also offers technical assistance to borrowers, ensuring they have the tools and support needed for success. Its strategic approach enables the organization to track customer progress and measure economic impact in underserved markets, contributing significantly to community revitalization efforts.
CIFI is certified by the U.S. Department of Treasury's Community Development Financial Institution Fund, which underscores its commitment to driving meaningful change and empowering individuals and organizations within Indiana. The investments made by CIFI facilitate connections to resources and services that are crucial for community reinvestment, ultimately leading to stronger, more resilient communities throughout the state.
This information is meant to be a general summary of Community Investment Fund Of Indiana. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,218
- Program Service Revenue: $250,803
- Gross Receipts: $2,295,698
Assets and Liabilities:
- Total Assets: $5,335,616
- Total Liabilities: $1,561,821
- Net Assets: $3,773,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$234,037
CLOSING COST INCOME
Revenue
$12,100
LATE PAYMENT FEE INCOM
Revenue
$4,666
Organization Details
Founding Year
2010
Phone
(317) 234-7573Principal Officer
Matthew B Murphy
Main Address
4181 E 96TH STREET SUITE 200, INDIANAPOLIS, IN, 46240
Website
www.capitalizingindiana.orgNTEE Category
Code: S30 - Community improvement
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