Overview
What is Community Investment Fund?
The Community Investment Fund is a nonprofit entity situated in Denver, Colorado, specifically at 8351 E Northfield Blvd. Their primary mission revolves around maintaining and enforcing affordable housing requirements. To achieve this, they make contributions to the Stapleton Foundation to support community enhancements. While details about the extent of their reach or other programs are not provided, it is clear that their focus lies in ensuring access to affordable housing for their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
The Community Investment Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is predominantly based on a low Accountability & Finance score, reflecting the organization's lack of independent board members and failure to provide essential financial statements.
While the organization has demonstrated a 100% program expense ratio, suggesting that all its expenses are directed towards its programs, it falls short in several governance areas. Key policies, such as a whistleblower policy and a document retention policy, are missing, which raises questions about transparency and internal controls. Furthermore, the absence of independent board members and publicly accessible financial documents further highlights governance weaknesses.
On a positive note, the organization has maintained a commitment to not diverting assets, achieving a perfect score in that area. However, without improvements in accountability practices and financial transparency, it may struggle to build trust and support from the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Community Investment Fund legitimate?
Community Investment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investment Fund 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
What is the mission statement of Community Investment Fund?
The Community Investment Fund is committed to maintaining and enforcing affordable housing requirements. This mission is central to their activities, ensuring that affordable housing standards are upheld and preserved. By doing so, they contribute to the provision of affordable housing options for various individuals and families, thereby promoting social equity and affordability in housing markets.
Who is the CEO of Community Investment Fund?
Keven Burnett is the Boardmember of Community Investment Fund.
What is the revenue of Community Investment Fund?
Community Investment Fund's revenue in 2022 was $3,467,524.
Who are the executives of Community Investment Fund and what are their salaries?
There 2 volunteers at Community Investment Fund.
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
Where can I find the form 990 for Community Investment Fund?
Community Investment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Investment Fund
Community Investment Fund is committed to maintaining and enforcing affordable housing requirements. In simpler terms, this nonprofit organization plays a crucial role in ensuring that affordable housing standards are upheld and adhered to. By enforcing these requirements, Community Investment Fund contributes to the preservation of affordable housing options, thereby promoting social equality and fairness in housing. The organization's mission is not limited to just enforcement but also involves monitoring and upholding these standards, ultimately benefiting various communities. The funds collected by Community Investment Fund, such as those paid to the Stapleton Foundation for community enhancements, further underscore their dedication to this cause.
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Impact
July, 2024
The Community Investment Fund's impact can be seen through its efforts to maintain and enforce affordable housing requirements in Denver, Colorado. By directing funds towards the Stapleton Foundation for community enhancements, this organization plays a crucial role in ensuring that individuals and families have access to safe and affordable housing options. Through their work, the Community Investment Fund contributes to the overall improvement of the community and helps address the pressing issue of housing affordability.
This information is meant to be a general summary of Community Investment Fund. 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: $38
- Gross Receipts: $3,467,524
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2003
Phone
(303) 388-0724Principal Officer
Keven Burnett
Main Address
8351 E Northfield Blvd, Denver, CO, 80238
NTEE Category
Code: S20 - Community improvement
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