Community Reinvestment Foundation Xii Inc

Providence Place Of Bloomington

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

EIN: 351992145 ✦ Plainfield, IN ✦ Designated as a 501(c)(3)

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Overview

What is Community Reinvestment Foundation Xii Inc?

Community Reinvestment Foundation Xii Inc, based in Plainfield, Indiana, is a dedicated nonprofit organization that focuses on providing affordable housing for low-income seniors. Operating within the bounds of Bloomington, Indiana, the foundation manages a 33-unit apartment community. The rents for these residences are regulated and subsidized by the U.S. Department of Housing and Urban Development, ensuring that senior citizens with limited income can afford to live there. This mission aligns with Section 202 of the National Housing Act, demonstrating their commitment to enhancing living conditions for vulnerable populations.


Official website here: www.crf.net

Is Community Reinvestment Foundation Xii Inc legitimate?

Community Reinvestment Foundation Xii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Xii 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: $42,876

For more financial information, click here


Official website here: www.crf.net

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

The Community Reinvestment Foundation Xii Inc's mission is centered around providing affordable housing for individuals with low income. In line with this, they own and manage a 33-unit apartment community. This housing is specifically tailored for seniors, as per Section 202 of the National Housing Act. The rents for these residences are subsidized and regulated by the U.S. Department of Housing and Urban Development, ensuring that the seniors residing there can afford it. The foundation's goal is to make housing accessible and affordable for those who might otherwise struggle with these costs.


Official website here: www.crf.net

Who is the CEO of Community Reinvestment Foundation Xii Inc?

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


Official website here: www.crf.net

What is the revenue of Community Reinvestment Foundation Xii Inc?

Community Reinvestment Foundation Xii Inc's revenue in 2023 was $231,724.


Official website here: www.crf.net

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


Here are 5 key members and their salaries:


David Cooper (President)
  • Compensation: $0
  • Related: $299,012
  • Other: $10,103
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 Xii Inc?

Community Reinvestment Foundation Xii 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 Xii Inc

Community Reinvestment Foundation Xii Inc, as its mission statement suggests, is dedicated to providing affordable housing for low-income individuals. This organization goes beyond just talk, as it owns and operates a 33-unit apartment community in Bloomington, Indiana, in line with Section 202 of the National Housing Act. To ensure that the housing remains affordable, the rents charged to its residents are subsidized and regulated by the U.S. Department of Housing and Urban Development. This not only provides a roof over the heads of those in need but also offers a sense of security and stability. By offering affordable housing, Community Reinvestment Foundation Xii Inc is playing a crucial role in supporting vulnerable members of society, enabling them to focus on other aspects of their lives.

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Impact




October, 2024

Community Reinvestment Foundation XII Inc plays a vital role in addressing the housing needs of low-income seniors. By owning and operating a 33-unit apartment community in Bloomington, Indiana, it directly contributes to the availability of affordable housing options in the area. The foundation’s dedication to this mission ensures that seniors who may otherwise struggle to find suitable living arrangements have access to a safe and supportive environment.

The foundation's efforts are particularly impactful as the rents charged are subsidized and regulated by the U.S. Department of Housing and Urban Development, making it possible for seniors to secure housing that fits within their financial means. This work not only provides shelter but also fosters a sense of community among residents, promoting social interaction and support among seniors who often face isolation.

In summary, Community Reinvestment Foundation XII Inc significantly enhances the quality of life for low-income seniors by ensuring they have access to affordable, regulated housing options, thereby addressing a critical need in the community.




This information is meant to be a general summary of Community Reinvestment Foundation Xii 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
$231,724 (2023)
Expenses
$328,956 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $25
  • Program Service Revenue: $231,699
  • Gross Receipts: $231,724

Assets and Liabilities:

  • Total Assets: $1,881,929
  • Total Liabilities: $34,817
  • Net Assets: $1,847,112

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW INCOME RENTS

Revenue

$228,043

LAUNDRY AND VENDING

Revenue

$2,799

MISCELLANEOUS

Revenue

$446

OTHER TENANT CHARGES

Revenue

$411

Organization Details

Founding Year

1996

Principal Officer

David Cooper

Main Address

2498 PERRY CROSSING WAY 260, PLAINFIELD, IN, 46168

NTEE Category

Code: L22 - Housing

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