Overview
What is Community Reinvestment Foundation I Inc?
Community Reinvestment Foundation I Inc, operating under the name Chateau Apartments in Muncie, Indiana, is a nonprofit organization dedicated to providing affordable housing for low-income individuals and families. With a total of 6 employees, they own and manage a 152-unit apartment community. The rents charged to tenants are regulated and approved by the U.S. Department of Housing and Urban Development, ensuring that housing remains accessible and affordable for those in need. The organization's mission is centered around providing affordable housing, making a significant impact on the local community by offering affordable living solutions.
Official website here: www.crf.net
Is Community Reinvestment Foundation I Inc legitimate?
Community Reinvestment Foundation I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation I 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: $97,108
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation I Inc?
The Community Reinvestment Foundation I Inc is dedicated to providing affordable housing for individuals and families with low income. They accomplish this by owning and operating a 152-unit apartment community. The rents in this community are regulated and approved by the U.S. Department of Housing and Urban Development, ensuring that the housing remains affordable for its inhabitants. The foundation's mission is centered around making housing accessible and affordable for those who need it most.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation I Inc?
David Cooper is the President of Community Reinvestment Foundation I Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation I Inc?
Community Reinvestment Foundation I Inc's revenue in 2022 was $3,452,490.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation I Inc and what are their salaries?
The average compensation at Community Reinvestment Foundation I Inc during 2022 was $16,185. There are 6 employees at Community Reinvestment Foundation I Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $288,123
- Other: $8,399
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.crf.net
Where can I find the form 990 for Community Reinvestment Foundation I Inc?
Community Reinvestment Foundation I Inc's most recent form 990 was submitted in 2022 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 I Inc
Community Reinvestment Foundation I Inc, a nonprofit organization, is dedicated to providing affordable housing for low-income individuals and families. In fulfilling this mission, the foundation owns and operates a 152-unit apartment community, situated in Muncie, Indiana. The rents in this community are subject to regulation and approval by the U.S. Department of Housing and Urban Development. This ensures that the housing remains affordable for the intended beneficiaries, who often struggle to secure accommodations within their means. By providing this essential service, Community Reinvestment Foundation I Inc contributes to the well-being and stability of its community, offering a secure living environment for those who need it most.
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Impact
October, 2024
Community Reinvestment Foundation I Inc significantly impacts the lives of low-income individuals and families by providing affordable housing options. Operating a 152-unit apartment community in Muncie, Indiana, it ensures that rents are regulated and approved by the U.S. Department of Housing and Urban Development, thereby making housing accessible to those who may struggle to find adequate living spaces in the private market. This initiative not only addresses the immediate need for affordability but also fosters stability within the community, allowing residents to focus on other essential aspects of their lives, such as employment, education, and health. By prioritizing affordable housing, the foundation plays a crucial role in enhancing the overall quality of life for its residents and contributing to the communal welfare.
This information is meant to be a general summary of Community Reinvestment Foundation I 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 2022.
- Investment Income: $2,719,448
- Program Service Revenue: $733,042
- Gross Receipts: $6,233,680
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING RENTS
Revenue
$709,948
OTHER TENANT CHARGES
Revenue
$14,614
LAUNDRY AND VENDING
Revenue
$4,418
MISCELLANEOUS
Revenue
$4,062
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: L21 - Housing
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