Overview
What is Community Reinvestment Foundation Xi Inc?
Community Reinvestment Foundation Xi Inc, located in PLAINFIELD, INDIANA, is a dedicated nonprofit organization focusing on providing affordable housing solutions. Specifically, they cater to senior low-income individuals, operating a 25-unit apartment community in Marion, Indiana. The rents for this community are regulated by the U.S. Department of Housing and Urban Development, ensuring affordability for the residents. Their mission encompasses providing affordable housing for low-income individuals, thereby contributing positively to the local community.
Official website here: www.crf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Community Reinvestment Foundation Xi Inc has received a respectable rating of 83% from Charity Navigator, reflecting a solid performance in accountability and finance. The foundation demonstrates strong governance, with 10 out of 10 points for both majority independent board members and independent board size. Key financial indicators such as the liabilities to assets ratio and program expense ratio received full marks, highlighting effective management of resources.
However, the organization faced some limitations in its policies, as they scored zero points for both the whistleblower policy and the document retention and destruction policy. These gaps suggest areas for improvement in transparency and operational best practices. Despite these concerns, the foundation maintains a positive score in other critical governance metrics, which indicates a commitment to responsible stewardship.
Overall, while Community Reinvestment Foundation Xi Inc shows strengths in governance and financial health, there are opportunities for enhancement in its operational policies. Prospective donors and stakeholders may want to consider these factors when engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Foundation Xi Inc legitimate?
Community Reinvestment Foundation Xi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Xi 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: $40,316
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation Xi Inc?
Community Reinvestment Foundation Xi Inc's mission is centered around providing affordable housing for individuals with low income, extending beyond just senior citizens. They have demonstrated this commitment by owning and operating a 25-unit apartment community in an unspecified location. The foundation prioritizes seniors with low income, ensuring that the rents charged to these residents are subsidized and strictly regulated by the U.S. Department of Housing and Urban Development. In summary, Community Reinvestment Foundation Xi Inc strives to make housing accessible and affordable for people with limited financial resources.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation Xi Inc?
David Cooper is the President of Community Reinvestment Foundation Xi Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation Xi Inc?
Community Reinvestment Foundation Xi Inc's revenue in 2023 was $195,407.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation Xi 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 Xi Inc?
Community Reinvestment Foundation Xi 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 Xi Inc
Community Reinvestment Foundation Xi Inc, as its mission states, is dedicated to providing affordable housing for individuals with low income, specifically focusing on senior citizens. The organization owns and operates a 25-unit apartment community, offering a safe and affordable living environment for these individuals. The rents charged to these residents are regulated and subsidized by the U.S. Department of Housing and Urban Development, ensuring that the cost of housing remains within reach for those who require assistance. By providing affordable housing, Community Reinvestment Foundation Xi Inc is making a significant contribution towards improving the living conditions and quality of life for low-income seniors.
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Impact
October, 2024
Community Reinvestment Foundation Xi Inc has a significant impact on the lives of low-income seniors in Marion, Indiana, by providing affordable housing solutions. It owns and operates a community of 25 apartment units specifically designed for senior residents, ensuring that these individuals have access to safe and stable living conditions.
The organization offers subsidized rents that are regulated by the U.S. Department of Housing and Urban Development, making it more feasible for seniors with limited financial resources to find suitable housing. By focusing on this demographic, the foundation addresses the critical need for affordable housing, ultimately enhancing the quality of life for its residents. This initiative not only supports seniors in maintaining their independence but also fosters a sense of community among residents, which is essential for their well-being. Overall, Community Reinvestment Foundation Xi Inc plays a vital role in promoting housing stability and improving the lives of low-income seniors in the region.
This information is meant to be a general summary of Community Reinvestment Foundation Xi 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: $13
- Program Service Revenue: $195,394
- Gross Receipts: $195,407
Assets and Liabilities:
- Total Assets: $1,281,061
- Total Liabilities: $21,186
- Net Assets: $1,259,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING REN
Revenue
$191,714
LAUNDRY AND VENDING
Revenue
$2,711
TENANT CHARGES
Revenue
$909
MISCELLANEOUS
Revenue
$60
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: L22 - Housing
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