Overview
What is American Reinvestment Company?
American Reinvestment Company, based in Washington D.C., is a nonprofit organization dedicated to fostering community services, affordable housing, and job training opportunities in low-income communities nationwide. It accomplishes this mission by offering technical and financial support to eligible not-for-profit organizations. Furthermore, the company collaborates with local building and construction trade councils to establish nonprofit organizations that advance pre-apprenticeship and job readiness programs within their communities. The American Reinvestment Company's primary focus is on promoting affordable housing, community development, workforce development, and job creation, providing both financial aid and training to eligible organizations in targeted regions across the country.
Official website here: www.americanreinvestmentcompany.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
American Reinvestment Company has achieved a high rating of 97%, earning a Four-Star designation, which reflects its strong commitment to accountability and finance. The rating is based entirely on a single beacon score, emphasizing the organization’s financial health and operational transparency.
The organization demonstrates exemplary governance with a fully independent board, consisting of three members, which contributes to its robust oversight. Its policies regarding conflict of interest and whistleblower protections are well-documented, further showcasing its commitment to ethical standards. Additionally, the charity maintains a strong financial profile with a program expense ratio of 78.42%, indicating that a significant portion of its funds directly support its mission.
There are no noted limitations within the data, and the organization has reported no material diversions of assets. With a liabilities to assets ratio of 0.00%, American Reinvestment Company appears to be in a solid financial position, making it a trustworthy choice for potential donors looking to support a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is American Reinvestment Company legitimate?
American Reinvestment Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Reinvestment Company 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: $0
For more financial information, click here
Official website here: www.americanreinvestmentcompany.com
What is the mission statement of American Reinvestment Company?
The American Reinvestment Company's mission is centered around supporting nonprofit organizations. It provides technical and financial assistance to these organizations, which focus on promoting affordable housing, community development, workforce development, and job creation. The company's mission also includes making donations to nonprofits in specific areas of the country for projects relating to affordable housing, community development, job training, and workforce development.
Official website here: www.americanreinvestmentcompany.com
Who is the CEO of American Reinvestment Company?
Erica Khatchadourian is the President of American Reinvestment Company.
Official website here: www.americanreinvestmentcompany.com
What is the revenue of American Reinvestment Company?
American Reinvestment Company's revenue in 2022 was $4,164.
Official website here: www.americanreinvestmentcompany.com
Who are the executives of American Reinvestment Company and what are their salaries?
There 2 volunteers at American Reinvestment Company.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.americanreinvestmentcompany.com
Where can I find the form 990 for American Reinvestment Company?
American Reinvestment Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanreinvestmentcompany.com
Learn more at the official website: www.americanreinvestmentcompany.com
Mission Statement of American Reinvestment Company
The American Reinvestment Company is committed to a mission that involves training and offering financial and technical assistance to nonprofit organizations. These organizations focus on promoting affordable housing, community development, workforce development, and job creation. The company's goal is to aid these nonprofits in their initiatives, which aim to provide affordable living spaces, foster community growth, enhance workforce skills, and stimulate employment opportunities. Additionally, the American Reinvestment Company extends donations to nonprofit organizations in specific areas of the country, supporting projects that emphasize affordable housing, community development, job training, and workforce development.
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Impact
August, 2024
The American Reinvestment Company has a significant impact on communities across the country by promoting the creation of community services, affordable housing, and job training opportunities in low-income areas. They achieve this by providing technical and financial support to eligible nonprofit organizations that focus on affordable housing, community development, workforce development, and job creation. Additionally, the company works with local building and construction trades councils to help establish nonprofit organizations that advance pre-apprenticeship and job readiness programs in their communities. The American Reinvestment Company's efforts help improve the quality of life and economic stability in targeted parts of the country through their initiatives in housing, community development, job training, and workforce development.
This information is meant to be a general summary of American Reinvestment Company. 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: $4,164
- Gross Receipts: $4,164
Assets and Liabilities:
- Total Assets: $430,649
- Total Liabilities: $0
- Net Assets: $430,649
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Organization Details
Founding Year
2013
Phone
(202) 331-8055Principal Officer
Erica Khatchadourian
Main Address
1227 25TH STREET NW 500, WASHINGTON, DC, 20037
NTEE Category
Code: L19 - Housing
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