Overview
What is Community Reinvestment Foundation Xvi Inc?
Community Reinvestment Foundation Xvi Inc, based in Pplainfield, Indiana, is a dedicated nonprofit organization committed to providing affordable housing for senior citizens with low income. Operating a 19-unit apartment community in Marion, Indiana, the foundation subsidizes and regulates rental rates in accordance with the U.S. Department of Housing and Urban Development. The organization's mission is centered around enhancing the living conditions for this specific demographic, ensuring they have access to suitable and reasonably priced housing.
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 Xvi Inc has received a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 83%. This rating is derived entirely from the Accountability & Finance beacon, indicating a strong emphasis on the organization's financial health and governance practices. The charity scored exceptionally well in areas such as having a majority of independent board members and maintaining transparency with its financial documents.
The organization boasts a perfect score for its board composition and the absence of material diversion of assets. It also demonstrated good practices by having its website listed on the tax form and maintaining detailed board meeting minutes. However, the charity fell short in some governance policies, specifically lacking a whistleblower policy and document retention and destruction policy, which received no points.
Overall, while Community Reinvestment Foundation Xvi Inc has strengths in its financial accountability and governance structure, addressing the noted limitations could enhance its operational transparency and further strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Foundation Xvi Inc legitimate?
Community Reinvestment Foundation Xvi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation Xvi 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: $31,829
For more financial information, click here
Official website here: www.crf.net
What is the mission statement of Community Reinvestment Foundation Xvi Inc?
Community Reinvestment Foundation Xvi Inc's mission is centered around providing affordable housing for low-income elderly individuals. They achieve this by owning and operating a housing community, specifically a 19-unit apartment complex. The rents charged in this community are subsidized and regulated by the U.S. Department of Housing and Urban Development, ensuring that the elderly residents can afford to live there. The foundation's mission reflects a commitment to supporting the housing needs of this vulnerable population.
Official website here: www.crf.net
Who is the CEO of Community Reinvestment Foundation Xvi Inc?
David Cooper is the President of Community Reinvestment Foundation Xvi Inc.
Official website here: www.crf.net
What is the revenue of Community Reinvestment Foundation Xvi Inc?
Community Reinvestment Foundation Xvi Inc's revenue in 2023 was $137,937.
Official website here: www.crf.net
Who are the executives of Community Reinvestment Foundation Xvi 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 Xvi Inc?
Community Reinvestment Foundation Xvi 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 Xvi Inc
Community Reinvestment Foundation Xvi Inc is committed to providing affordable housing for low-income elderly persons. This nonprofit organization achieves this mission by operating a 19-unit apartment community. Located in an unspecified area, this community serves as a haven for those who may not otherwise have access to affordable housing options. The rents charged at this community are regulated and subsidized by the U.S. Department of Housing and Urban Development, ensuring that the elderly residents can afford to live there comfortably. By providing such housing, Community Reinvestment Foundation Xvi Inc is making a significant contribution to the well-being and quality of life for this vulnerable group of individuals.
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Impact
October, 2024
Community Reinvestment Foundation XVI Inc significantly impacts its community by providing affordable housing specifically designed for low-income seniors. By owning and operating a 19-unit apartment community in Marion, Indiana, it addresses the vital need for accessible housing options for the elderly population. The rents are subsidized and regulated by the U.S. Department of Housing and Urban Development, ensuring that financial barriers do not prevent low-income seniors from accessing safe and stable living conditions.
This initiative not only enhances the quality of life for its residents by offering stable housing but also fosters a sense of community among seniors, allowing them to live independently while having access to essential support services. In essence, the foundation plays a crucial role in improving the well-being of vulnerable populations, ensuring that low-income elderly individuals can maintain dignity and stability in their lives.
This information is meant to be a general summary of Community Reinvestment Foundation Xvi 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: $12
- Program Service Revenue: $137,925
- Gross Receipts: $137,937
Assets and Liabilities:
- Total Assets: $1,154,385
- Total Liabilities: $124,424
- Net Assets: $1,029,961
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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
$136,426
LAUNDRY AND VENDING
Revenue
$1,207
TENANT CHARGES
Revenue
$292
Organization Details
Founding Year
2006
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
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