Overview
What is California Community Reinvestment Corporation?
The California Community Reinvestment Corporation is a nonprofit organization based in Glendale, California, specifically at 100 West Broadway, CA 91210. Their primary mission is to increase the availability of affordable housing for low-income families, seniors, and individuals with special needs across California. They achieve this by facilitating private capital flow to developers of affordable housing units. With a workforce of 27 individuals, they strive to make housing more accessible for those who require it most, contributing to the overall well-being and stability of communities in the state.
Official website here: www.e-ccrc.org
What are the reviews and ratings of this charity?
**Rating:** 82% (Three-Star out of Four Star rating on Charity Navigator)
The California Community Reinvestment Corporation (CCRC) has received a score of 82% from Charity Navigator, which indicates a commendable level of accountability and finance management. This score is based purely on financial metrics, highlighting strengths such as a strong independent board and comprehensive policies for governance. The organization showcases a high program expense ratio of 93.40%, suggesting that a significant portion of its funding is directed toward its programs.
Despite its strengths, CCRC's score reflects limitations in data availability for more qualitative assessments, such as impact measurement and community culture. Additionally, there is a notable absence of the nonprofit’s tax form on its website, which affected its overall score significantly. The organization operates with a solid liability to assets ratio of 68.92%, yet this figure indicates a reliance on debt that could merit further scrutiny.
User feedback from GreatNonprofits is currently unavailable, which leaves a gap in assessing public sentiment about the organization's effectiveness. However, the governance structure and financial accountability shown by CCRC are positive indicators of its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is California Community Reinvestment Corporation legitimate?
California Community Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Community Reinvestment Corporation 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: $2,001,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,782,550
For more financial information, click here
Official website here: www.e-ccrc.org
What is the mission statement of California Community Reinvestment Corporation?
The California Community Reinvestment Corporation's mission is centered around increasing the availability of affordable housing for low-income families, seniors, and individuals with special needs. They achieve this by facilitating the flow of private capital to developers of affordable housing projects across California. This organization provides financing and related services to support the development of affordable housing units, primarily for low and very low-income families, within the state of California. Their goal is to contribute to a more equitable housing landscape, ensuring that vulnerable populations have access to suitable and affordable housing options.
Official website here: www.e-ccrc.org
Who is the CEO of California Community Reinvestment Corporation?
Tia Boatman Patterson is the CEO of California Community Reinvestment Corporation The CEO's salary of California Community Reinvestment Corporation is $436,142 and their total compensation is $459,338.
Official website here: www.e-ccrc.org
What is the revenue of California Community Reinvestment Corporation?
California Community Reinvestment Corporation's revenue in 2024 was $21,975,105.
Official website here: www.e-ccrc.org
Who are the executives of California Community Reinvestment Corporation and what are their salaries?
The average compensation at California Community Reinvestment Corporation during 2024 was $144,985. There are 33 employees and 21 volunteers at California Community Reinvestment Corporation.
Here are 24 key members and their salaries (California Community Reinvestment Corporation's CEO's salary is $436,142 and their total compensation is $459,338):
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- Compensation: $432,509
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- Other: $35,496
- Compensation: $296,200
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- Other: $54,659
- Compensation: $252,033
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- Other: $24,903
- Compensation: $436,142
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- Other: $23,196
- Compensation: $110,694
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- Other: $1,375
- Compensation: $346,617
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- Other: $44,196
- Compensation: $181,922
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- Other: $24,466
- Compensation: $215,700
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- Other: $33,068
- Compensation: $206,200
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- Other: $26,808
- Compensation: $204,360
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- Other: $21,063
- Compensation: $176,200
- Related: $0
- Other: $16,566
- Compensation: $273,337
- Related: $0
- Other: $10,400
Official website here: www.e-ccrc.org
Where can I find the form 990 for California Community Reinvestment Corporation?
California Community Reinvestment Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.e-ccrc.org
Learn more at the official website: www.e-ccrc.org
Mission Statement of California Community Reinvestment Corporation
California Community Reinvestment Corporation, abbreviated as CCRC, is dedicated to enhancing the availability of affordable housing options for low-income families, seniors, and individuals with special needs across the state. To achieve this mission, CCRC facilitates the flow of private capital to developers of affordable housing projects. By providing financing and related services, CCRC primarily supports the development of affordable housing units for low and very low-income families in California, contributing to a more equitable and inclusive housing landscape.
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Impact
July, 2024
California Community Reinvestment Corporation increases the availability of affordable housing for low-income families, seniors, and residents with special needs throughout California. They facilitate private capital flow to developers of affordable housing units, primarily for low and very low-income families in the state. By providing financing and related services for the development of affordable housing, they play a crucial role in addressing housing challenges and improving the quality of life for vulnerable populations in California.
This information is meant to be a general summary of California Community Reinvestment Corporation. 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 2024.
- Investment Income: $402,901
- Program Service Revenue: $20,683,163
- Gross Receipts: $21,975,105
Assets and Liabilities:
- Total Assets: $201,795,641
- Total Liabilities: $132,395,462
- Net Assets: $69,400,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME-LOANS
Revenue
$12,392,546
INTEREST INCOME - SWEEP
Revenue
$3,827,806
LOAN SERVICING FEES
Revenue
$2,307,077
LOAN, RATE LOCK FEES
Revenue
$1,718,235
CREDIT ENHANCEMENT & OTHER FEES
Revenue
$437,499
Organization Details
Founding Year
1989
Principal Officer
Tia B Patterson
Website
www.e-ccrc.orgNTEE Category
Code: L200 - Housing
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