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Community Residences Foundation Inc

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

EIN: 541753414 ✦ Chantilly, VA ✦ Designated as a 501(c)(3)

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Overview

What is Community Residences Foundation Inc?

Community Residences Foundation Inc is a supporting organization in Chantilly, Virginia, specifically located at 14160 Newbrook Drive 1st Floor, 20151. Their primary role is to provide financial assistance to Community Residences, Inc. and its affiliated nonstock corporations, enabling these organizations to continue their programs, which have been granted exemption under IRC Section 501(c)3. The exact nature and focus of these programs are not specified in the provided information, but they generally involve charitable, educational, or community development activities. The Foundation's role is to facilitate these initiatives financially, contributing to their overall mission and impact.


Official website here: www.mycri.org

Is Community Residences Foundation Inc legitimate?

Community Residences Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Residences Foundation 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: $155,715

For more financial information, click here


Official website here: www.mycri.org

What is the mission statement of Community Residences Foundation Inc?

The Community Residences Foundation Inc, acting as a supporting organization, contributes financially to the programs of Community Residences Inc and its affiliated nonstock corporations, which qualify for tax-exempt status under IRC Section 501(C)3. In essence, the foundation's mission is to aid and support the initiatives of Community Residences Inc, thereby contributing to their overall objectives and goals.


Official website here: www.mycri.org

Who is the CEO of Community Residences Foundation Inc?

Arthur Ginsberg is the President/Ceo of Community Residences Foundation Inc. The CEO's salary of Community Residences Foundation Inc is $0 and their total compensation is $350,237.


Official website here: www.mycri.org

What is the revenue of Community Residences Foundation Inc?

Community Residences Foundation Inc's revenue in 2022 was $1,373,875.


Official website here: www.mycri.org

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

There 2 volunteers at Community Residences Foundation Inc.


Here are 8 key members and their salaries (Community Residences Foundation Inc's CEO's salary is $0 and their total compensation is $350,237):


Christine B Plummer (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Lyons (Secretary/ Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Fitzgerald (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Gallagher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Ginsberg (President/Ceo)
  • Compensation: $0
  • Related: $325,809
  • Other: $24,428
Terence Hurley (Executive Vp - Cfo & Cao)
  • Compensation: $0
  • Related: $249,898
  • Other: $20,202
Sam Boyd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Valdez (Board Member Through 3/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mycri.org

Where can I find the form 990 for Community Residences Foundation Inc?

Community Residences Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mycri.org

Learn more at the official website: www.mycri.org

Mission Statement of Community Residences Foundation Inc

Community Residences Foundation Inc serves as a supporting organization, aiding Community Residences Inc and its affiliated nonstock corporations in their programs, all of which qualify for tax-exempt status under IRC Section 501(c)3. By providing financial assistance, this foundation plays a crucial role in furthering the initiatives of Community Residences Inc. Although the information provided does not detail the specific nature of these programs or the population they serve, it is clear that Community Residences Foundation Inc is committed to supporting the mission of its affiliated organizations.

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Impact




October, 2024

Community Residences Foundation Inc plays a vital role in enhancing the quality of life for individuals served by Community Residences, Inc. through targeted financial assistance. This support empowers various programs that focus on community development, housing, and integration for individuals with unique needs. By channeling resources effectively, the foundation ensures that essential services are delivered, fostering a stronger sense of community and offering vital support to those who benefit from these programs. Its commitment to philanthropy directly contributes to a more inclusive environment, promoting well-being and growth for individuals in Chantilly, VA, and beyond.




This information is meant to be a general summary of Community Residences Foundation 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
$1,373,875 (2022)
Expenses
$290,117 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,208,408
  • Gross Receipts: $2,094,699

Assets and Liabilities:

  • Total Assets: $4,861,456
  • Total Liabilities: $1,130,646
  • Net Assets: $3,730,810

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Organization Details

Founding Year

1995

Principal Officer

Arthur Ginsberg

Main Address

14160 NEWBROOK DRIVE 1ST FLOOR, CHANTILLY, VA, 20151

NTEE Category

Code: T00Z - Philanthropy

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