Community Reinvestment Foundation Iii Inc

Rainbow Hills Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351870898 ✦ Plainfield, IN ✦ Designated as a 501(c)(3)

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Overview

What is Community Reinvestment Foundation Iii Inc?

Community Reinvestment Foundation III Inc, based in Plainfield, Indiana, is a nonprofit organization primarily committed to providing affordable housing for low-income individuals and families. They own and manage a 48-unit apartment community located in Bedford, Indiana. The rents for these residences are regulated by the U.S. Department of Housing and Urban Development, ensuring that they remain accessible to those with limited financial means. By providing affordable housing, the foundation contributes significantly to the well-being and stability of its community members.


Official website here: www.crf.net

Is Community Reinvestment Foundation Iii Inc legitimate?

Community Reinvestment Foundation Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Iii 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: $30,245

For more financial information, click here


Official website here: www.crf.net

What is the mission statement of Community Reinvestment Foundation Iii Inc?

The Community Reinvestment Foundation III Inc's mission is centered around providing affordable housing for individuals and families with low income. They achieve this by owning and managing a 48-unit apartment community. The rents charged in these properties are regulated by the U.S. Department of Housing and Urban Development to ensure affordability. The foundation's primary objective is to make housing accessible for those who may not be able to afford it otherwise.


Official website here: www.crf.net

Who is the CEO of Community Reinvestment Foundation Iii Inc?

David Cooper is the President of Community Reinvestment Foundation Iii Inc.


Official website here: www.crf.net

What is the revenue of Community Reinvestment Foundation Iii Inc?

Community Reinvestment Foundation Iii Inc's revenue in 2022 was $610,659.


Official website here: www.crf.net

Who are the executives of Community Reinvestment Foundation Iii Inc and what are their salaries?


Here are 5 key members and their salaries:


David Cooper (President)
  • Compensation: $0
  • Related: $288,123
  • Other: $8,399
Tim Shrout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Paino (Secretary And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Bocik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Tibbets (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.crf.net

Where can I find the form 990 for Community Reinvestment Foundation Iii Inc?

Community Reinvestment Foundation Iii 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 Iii Inc

Community Reinvestment Foundation III Inc, in its mission, aims to provide affordable housing for individuals and families with low incomes. This nonprofit organization takes an active role in this endeavor by owning and operating a 48-unit apartment community. The rents charged within this community are regulated by the U.S. Department of Housing and Urban Development, ensuring that the cost remains accessible for the intended population. Through this initiative, Community Reinvestment Foundation III Inc contributes to the housing needs of low-income individuals, providing them with a secure and affordable living space.

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Impact




October, 2024

Community Reinvestment Foundation III Inc significantly impacts the lives of low-income individuals and families by providing access to affordable housing. By owning and operating a 48-unit apartment community in Bedford, Indiana, the foundation creates stable living environments for those who might otherwise struggle to find suitable housing. The rents charged in this community are regulated by the U.S. Department of Housing and Urban Development, ensuring that they remain within reach for low-income residents. This commitment to affordability not only addresses immediate housing needs but also fosters community stability and supports the overall well-being of its residents.




This information is meant to be a general summary of Community Reinvestment Foundation Iii 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.

Revenue
$610,659 (2022)
Expenses
$676,593 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $386,891
  • Program Service Revenue: $223,768
  • Gross Receipts: $2,823,955

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

$219,669

TENANT CHARGES

Revenue

$4,099

Organization Details

Founding Year

1992

Principal Officer

David Cooper

Main Address

2498 PERRY CROSSING WAY 260, PLAINFIELD, IN, 46168

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