Overview
What is Community Reinvestment Alliance Of Florida Inc?
Community Reinvestment Alliance of Florida Inc. is a Miami-based, nonprofit organization situated at 300 NW 12th Avenue, Florida. With a team of two dedicated individuals, their mission revolves around providing financial literacy counseling and training, pre- and post-home ownership guidance, entrepreneurial and small business coaching, foreclosure modification counseling, and neighborhood program stabilization. Their services aim to empower individuals and communities by educating them on financial management and business development, thereby promoting financial stability and growth. Their annual revenue includes contributions, special events, in-kind donations, and program income, while their expenses cater to program services and general operations.
Official website here: www.reinvestmentalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Community Reinvestment Alliance of Florida Inc has achieved an impressive rating of 97%, which reflects its strong commitment to accountability and finance. This score is derived from numerous measures of organizational transparency and operational efficiency, with a perfect score in all assessed areas.
The organization boasts a fully independent board of directors and maintains no material diversions of assets, indicating a high level of governance and integrity. Additionally, its program expense ratio of 84.18% signifies that a substantial portion of its resources is directed towards its programs, enhancing its impact in the community.
While the organization excels in accountability, the summary does not provide details on program effectiveness or community feedback, which could give a more rounded view of its overall performance. Nonetheless, the high scores in governance and financial management underline its reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Community Reinvestment Alliance Of Florida Inc legitimate?
Community Reinvestment Alliance Of Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Alliance Of Florida 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: $63,073
For more financial information, click here
Official website here: www.reinvestmentalliance.org
What is the mission statement of Community Reinvestment Alliance Of Florida Inc?
The Community Reinvestment Alliance of Florida Inc. focuses on providing various financial counseling services to its members. This includes financial literacy training, pre- and post-home ownership counseling, entrepreneurial and small business training, foreclosure modification counseling, and neighborhood program stabilization counseling. The organization's mission is to empower individuals and communities by equipping them with the necessary financial skills and resources. Through these services, the Alliance aims to promote financial stability and strengthen local economies.
Official website here: www.reinvestmentalliance.org
What is the revenue of Community Reinvestment Alliance Of Florida Inc?
Community Reinvestment Alliance Of Florida Inc's revenue in 2023 was $179,002.
Official website here: www.reinvestmentalliance.org
Who are the executives of Community Reinvestment Alliance Of Florida Inc and what are their salaries?
The average compensation at Community Reinvestment Alliance Of Florida Inc during 2023 was $21,024. There are 3 employees at Community Reinvestment Alliance Of Florida Inc.
Here are 13 key members and their salaries:
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Official website here: www.reinvestmentalliance.org
Where can I find the form 990 for Community Reinvestment Alliance Of Florida Inc?
Community Reinvestment Alliance Of Florida Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.reinvestmentalliance.org
Learn more at the official website: www.reinvestmentalliance.org
Mission Statement of Community Reinvestment Alliance Of Florida Inc
Community Reinvestment Alliance of Florida Inc, or CRAF, is an organization dedicated to providing various financial literacy and counseling services. Their mission encompasses offering financial literacy training and counseling, pre- and post-home ownership guidance, entrepreneurial and small business instruction, foreclosure modification counseling, and neighborhood program stabilization counseling. By doing so, CRAF aims to empower individuals and communities, helping them navigate financial challenges and fostering sustainable growth. The organization's diverse range of programs seeks to equip people with the necessary tools and knowledge to manage their finances effectively, whether it's through homeownership or small business ventures. Their mission is to contribute positively to financial stability and community development, ultimately improving the lives of those they serve.
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Impact
October, 2024
Community Reinvestment Alliance Of Florida Inc plays a pivotal role in enhancing financial literacy and stability within its communities. By offering services such as financial literacy counseling and training, pre- and post-home ownership counseling, and entrepreneurial and small business training, it empowers individuals to make informed financial decisions. The organization's commitment to foreclosure modification counseling also provides critical support for families facing housing instability, helping them retain their homes and strengthen their neighborhoods.
With a focus on program stabilization, CRAF actively works to revitalize communities, fostering economic development and resilience. Through its diverse range of programs, the alliance not only addresses immediate financial challenges but also promotes long-term sustainable growth and improvement in the quality of life for residents in Miami and beyond. Their strategic initiatives cultivate a more knowledgeable and financially secure populace, contributing to overall community improvement and stability.
This information is meant to be a general summary of Community Reinvestment Alliance Of Florida 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.
- Program Service Revenue: $10,988
- Gross Receipts: $179,002
Assets and Liabilities:
- Total Assets: $65,893
- Total Liabilities: $122
- Net Assets: $65,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$10,988
Organization Details
Founding Year
2015
Principal Officer
Cornell Crews
Website
www.reinvestmentalliance.orgNTEE Category
Code: S30 - Community improvement
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