Overview
What is Community Reinvestment Foundation Ii Inc?
Community Reinvestment Foundation II Inc, with its headquarters located in Plainfield, Indiana, is a dedicated nonprofit organization. Their primary mission is to provide affordable housing for low-income individuals and families. They operate and manage a 136-unit apartment community situated in Indianapolis, adhering to regulations established by the U.S. Department of Housing and Urban Development. The foundation's activities are focused on upholding Section 223(F) of the National Housing Act, emphasizing their commitment to making housing more accessible for those in need.
Official website here: www.crf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Community Reinvestment Foundation II Inc has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scored well in several key governance areas, such as having a majority of independent board members and comprehensive financial audits. However, the overall rating reflects some significant weaknesses, particularly in the areas of document retention and the availability of financial information on their website.
The organization demonstrates strength in its program expense ratio, which suggests that a substantial portion of its expenditures is directed toward its core mission. Additional strengths include a solid conflict of interest policy and minimal material diversion of assets. However, the lack of a whistleblower policy and inadequate posting of tax forms on its website indicate areas that need improvement for greater transparency and accountability.
Overall, while Community Reinvestment Foundation II Inc shows promise through its governance practices and program spending, the notable deficiencies in financial documentation and policies might raise concerns for potential donors and stakeholders regarding its operational integrity and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Foundation Ii Inc legitimate?
Community Reinvestment Foundation Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Ii 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: $130,421
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation Ii Inc?
Community Reinvestment Foundation II Inc's mission is centered around providing affordable housing options for individuals and families with low income. They accomplish this by owning and managing a 136-unit apartment community, adhering to Section 223(F) of the National Housing Act. The organization's primary goal is to make housing more accessible for those who may not otherwise be able to afford it. Their efforts are monitored by the U.S. Department of Housing and Urban Development.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation Ii Inc?
David Cooper is the President of Community Reinvestment Foundation Ii Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation Ii Inc?
Community Reinvestment Foundation Ii Inc's revenue in 2023 was $1,126,392.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation Ii Inc and what are their salaries?
Here are 5 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
Official website here: www.crf.net
Where can I find the form 990 for Community Reinvestment Foundation Ii Inc?
Community Reinvestment Foundation Ii 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 Ii Inc
Community Reinvestment Foundation II Inc is dedicated to providing affordable housing for low-income individuals and families. In line with this mission, the nonprofit organization owns and operates a 136-unit apartment community. Situated in Indiana, this housing complex is regulated by the U.S. Department of Housing and Urban Development, ensuring it meets the necessary standards for affordable housing. By providing such living spaces, Community Reinvestment Foundation II Inc aims to contribute positively to the lives of those in need, offering them a secure and affordable place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Community Reinvestment Foundation II Inc plays a vital role in enhancing the quality of life for low-income individuals and families by providing access to affordable housing. By owning and operating a 136-unit apartment community in Indianapolis, Indiana, the foundation addresses critical housing needs in the area.
This initiative not only offers safe and stable living conditions but also promotes community well-being. The apartments are regulated by the U.S. Department of Housing and Urban Development, ensuring that they meet safety and quality standards. By focusing on affordable housing solutions, the foundation directly contributes to reducing homelessness, fostering stability, and creating opportunities for residents to thrive. The impact is profound, as it empowers individuals and families to build a better future while helping to foster a more inclusive and supportive community.
This information is meant to be a general summary of Community Reinvestment Foundation Ii 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: $2,896
- Program Service Revenue: $1,123,496
- Gross Receipts: $1,126,392
Assets and Liabilities:
- Total Assets: $1,401,472
- Total Liabilities: $2,040,571
- Net Assets: -$639,099
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING REN
Revenue
$1,055,207
OTHER TENANT CHARGES
Revenue
$66,842
MISCELLANEOUS
Revenue
$1,447
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
If you are a representative of Community Reinvestment Foundation Ii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.