Overview
What is Community Reinvestment Foundation Inc?
Community Reinvestment Foundation Inc is a nonprofit organization situated in Plaifeld, Indiana. Their primary mission is to offer affordable housing options for low-income individuals and families. They achieve this by overseeing the management teams of various properties, establishing policies and procedures, developing social programs and services for the residents, and ensuring compliance with program regulations and government agencies to fulfill their charitable purpose. The foundation's activities extend beyond just housing, as they also foster social programs and services for the residents living in these properties.
Official website here: www.crf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Community Reinvestment Foundation Inc has received an 83% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived entirely from their Accountability & Finance metrics, indicating a strong commitment to responsible financial practices and transparency. The foundation has demonstrated effective governance, as evidenced by its perfect scores for majority independent board members and independent board size.
However, there are notable limitations in the organization's policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, both of which received a score of zero. These gaps may raise concerns about the organization's internal controls and the protection of employees and stakeholders. Despite these shortcomings, the foundation maintains a strong liabilities to assets ratio and program expense ratio, showcasing effective management of resources.
Overall, while Community Reinvestment Foundation Inc shows commendable strengths in governance and financial management, addressing its policy deficiencies could enhance its overall integrity and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Foundation Inc legitimate?
Community Reinvestment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation Inc?
The Community Reinvestment Foundation Inc's mission is centered around providing affordable housing for low-income individuals and families. To accomplish this, the organization takes an active role in overseeing the management of various low-income housing properties. This oversight involves developing policies and procedures, as well as creating social programs and services tailored for the residents. Furthermore, the foundation ensures compliance with program regulations and guidelines set by both the relevant authorities and other government agencies, thereby adhering to its charitable purpose.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation Inc?
David Cooper is the President of Community Reinvestment Foundation Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation Inc?
Community Reinvestment Foundation Inc's revenue in 2023 was $34,395.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $299,012
- Other: $10,103
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $246,865
- Other: $4,428
- Compensation: $0
- Related: $141,325
- Other: $0
Official website here: www.crf.net
Where can I find the form 990 for Community Reinvestment Foundation Inc?
Community Reinvestment Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.crf.net
Learn more at the official website: www.crf.net
Mission Statement of Community Reinvestment Foundation Inc
Community Reinvestment Foundation Inc, as a committed organization, is dedicated to providing affordable housing for low-income individuals and families. In pursuit of this mission, the foundation takes an active role in overseeing the management teams of various low-income housing properties. By developing comprehensive policies and procedures, they ensure the properties are well-managed and meet the needs of their residents.
Moreover, Community Reinvestment Foundation Inc extends its support beyond property management. They develop social programs and services tailored to the needs of the residents, aiming to improve their overall well-being. Furthermore, the foundation ensures compliance with program regulations and adheres to guidelines set by government agencies, all in line with its charitable purpose.
In essence, Community Reinvestment Foundation Inc is a beacon of hope for low-income individuals and families seeking affordable housing. By providing oversight, developing social programs, and ensuring compliance with regulations, the foundation helps create safe, affordable, and supportive living environments. This commitment to affordable housing and resident well-being is at the heart of Community Reinvestment Foundation Inc's mission.
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Impact
August, 2024
Community Reinvestment Foundation Inc's impact is significant in providing affordable housing for low-income individuals and families in Plainfield, IN. They support multiple low-income housing properties by overseeing each property's management team, developing policies and procedures, creating social programs and services for residents, and ensuring compliance with program regulations. Their dedication to offering affordable housing contributes to improving the quality of life for those in need within the community.
This information is meant to be a general summary of Community Reinvestment Foundation Inc. 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 2023.
- Investment Income: -$379,956
- Gross Receipts: $517,765
Assets and Liabilities:
- Total Assets: $5,774,648
- Total Liabilities: $0
- Net Assets: $5,774,648
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Organization Details
Founding Year
1992
Phone
(317) 554-2100Principal Officer
David Cooper
Main Address
2498 PERRY CROSSING WAY 260, PLAINFIELD, IN, 46168
Website
www.crf.netNTEE Category
Code: L80 - Housing
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