Overview
What is Community Reinvestment Foundation Ix Inc?
Community Reinvestment Foundation Ix Inc, also known as Beech Grove Apartments, is a nonprofit organization based in Plainfield, Indiana. With a team of six employees, they are dedicated to providing affordable housing solutions for low-income individuals and families. The foundation owns and manages a 304-unit apartment community in Beech Grove, Indiana, making a significant impact on the local community by offering affordable housing options.
Official website here: www.crf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Community Reinvestment Foundation Ix Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. This rating indicates that while the organization demonstrates some positive accountability and financial practices, there are significant areas needing improvement. Particularly, the absence of financial statements and critical governance policies like a whistleblower and document retention policy adversely impact its accountability score.
The organization boasts an impressive program expense ratio of 100%, which reflects that all its expenses are directed towards its programs. Furthermore, it has a majority of independent board members, providing a solid governance structure. However, the lack of transparency through missing financial statements and other governance documents limits stakeholders' ability to assess its operational effectiveness fully.
While Community Reinvestment Foundation Ix Inc has strengths in program spending and governance independence, the critical missing elements in their financial transparency and governance policies indicate a need for enhancement. Addressing these deficiencies could help them achieve a higher rating and build greater trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Foundation Ix Inc legitimate?
Community Reinvestment Foundation Ix Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Ix 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: $82,840
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation Ix Inc?
Community Reinvestment Foundation Ix Inc is dedicated to providing affordable housing solutions for low-income individuals and families. Through their efforts, they have successfully established and manage a 304-unit apartment community. Their mission is clear: to make a difference in the lives of those in need by offering them affordable and accessible housing options. By owning and operating this community, they provide a stable living environment that enables residents to focus on other aspects of their lives. The foundation's commitment to affordable housing is an essential step in improving the overall well-being and stability of the individuals they serve.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation Ix Inc?
David Cooper is the President of Community Reinvestment Foundation Ix Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation Ix Inc?
Community Reinvestment Foundation Ix Inc's revenue in 2022 was $22,629,900.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation Ix Inc and what are their salaries?
The average compensation at Community Reinvestment Foundation Ix Inc during 2022 was $13,807. There are 6 employees at Community Reinvestment Foundation Ix 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 Ix Inc?
Community Reinvestment Foundation Ix 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 Ix Inc
Community Reinvestment Foundation IX, Inc. is a dedicated nonprofit organization with a mission to provide affordable housing solutions for low-income individuals and families. The organization's commitment to this cause is evident in its ownership and operation of a 304-unit apartment community.
In their pursuit to make a difference, Community Reinvestment Foundation IX, Inc. offers affordable housing as a vital resource for those in need. By providing this essential service, the nonprofit organization contributes significantly to the well-being and stability of its residents. The affordable housing provided by Community Reinvestment Foundation IX, Inc. is more than just a roof over one's head; it offers a sense of security and the opportunity for individuals and families to focus on other aspects of their lives.
Community Reinvestment Foundation IX, Inc. is an integral part of the broader community, working to ensure that everyone has access to a safe and affordable living environment. The nonprofit's commitment to its mission extends beyond the walls of its apartment community, as it strives to make a positive impact on the lives of the individuals and families it serves. By offering affordable housing, the organization plays a crucial role in breaking the cycle of poverty and fostering stronger, healthier communities.
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 IX Inc significantly impacts low-income individuals and families by providing affordable housing solutions. By owning and operating a 304-unit apartment community in Beech Grove, Indiana, it offers a vital resource for those in need of safe and accessible living spaces. This initiative directly addresses the housing challenges faced by low-income residents, ensuring they have a place to call home. The foundation's commitment to enhancing living conditions contributes to community stability and improves the overall quality of life for many families. Through its efforts, it plays a critical role in fostering inclusive communities and supporting economic mobility for its residents.
This information is meant to be a general summary of Community Reinvestment Foundation Ix 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: $22,224,634
- Program Service Revenue: $405,266
- Gross Receipts: $27,426,018
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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 RENTS
Revenue
$355,707
TENANT CHARGES
Revenue
$33,813
MISCELLANEOUS
Revenue
$9,014
LAUNDRY AND VENDING
Revenue
$6,732
Organization Details
Founding Year
1996
Phone
(317) 554-2100Principal Officer
David Cooper
Main Address
2498 PERRY CROSSING WAY 260, PLAINFIELD, IN, 46168
Website
www.crf.netNTEE Category
Code: L20 - Housing
If you are a representative of Community Reinvestment Foundation Ix 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.