Community Reinvestment Foundation X Inc

Cloverleaf Apartments Phase Iii

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

EIN: 351986796 ✦ Plainfield, IN ✦ Designated as a 501(c)(3)

Overview

What is Community Reinvestment Foundation X Inc?

Community Reinvestment Foundation X Inc, with its headquarters in Plainfield, Indiana, is a dedicated nonprofit organization. Their primary mission is to provide affordable housing for low-income individuals and families. They accomplish this by owning and operating a 94-unit apartment community situated in Indianapolis, Indiana. The rents at this community are regulated and subsidized by the U.S. Department of Housing and Urban Development. This housing solution plays a significant role in ensuring that individuals in need have access to a place they can call home. The property, commonly known as Cloverleaf Apartments Phase III, is a testament to Community Reinvestment Foundation X Inc's commitment toward enhancing living conditions for those who require financial assistance.


Official website here: www.crf.net

Is Community Reinvestment Foundation X Inc legitimate?

Community Reinvestment Foundation X Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Reinvestment Foundation X 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,036

For more financial information, click here


Official website here: www.crf.net

What is the mission statement of Community Reinvestment Foundation X Inc?

Community Reinvestment Foundation X Inc's mission is centered around providing affordable housing solutions for individuals and families with low income. The organization actively works towards achieving this by owning and managing an apartment community, housing 94 units. The rents charged to tenants are regulated and subsidized by the U.S. Department of Housing and Urban Development, ensuring that housing remains within reach for those who need it most. By providing affordable housing, Community Reinvestment Foundation X Inc contributes to fostering inclusive and sustainable communities.


Official website here: www.crf.net

Who is the CEO of Community Reinvestment Foundation X Inc?

David Cooper is the President of Community Reinvestment Foundation X Inc.


Official website here: www.crf.net

What is the revenue of Community Reinvestment Foundation X Inc?

Community Reinvestment Foundation X Inc's revenue in 2023 was $1,148,221.


Official website here: www.crf.net

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

Here are 5 key members and their salaries:

    David Cooper (President) [Trustee/Director]
  • Compensation: $0
  • Related: $299,012
  • Other: $10,103

    • Tim Shrout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Paino (Secretary And Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Bocik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Tibbets (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.crf.net

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

    The Community Reinvestment Foundation X Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.crf.net

    Learn more at the official website: www.crf.net

    Mission Statement of Community Reinvestment Foundation X Inc

    Community Reinvestment Foundation X Inc, as a nonprofit organization, is dedicated to providing affordable housing for low-income individuals and families. Their mission is to offer a living space that is financially accessible to those who may not otherwise be able to afford it. To accomplish this, Community Reinvestment Foundation X Inc owns and operates a 94-unit apartment community. The rents charged to the tenants are subsidized and regulated by the U.S. Department of Housing and Urban Development, ensuring that the cost remains affordable for those in need. This commitment to affordable housing allows Community Reinvestment Foundation X Inc to make a significant impact in the lives of many families and individuals, providing them with a secure and comfortable place to call home.

    Impact

    This information is meant to be a general summary of Community Reinvestment Foundation X Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Community Reinvestment Foundation X Inc has a significant impact by providing affordable housing for low-income individuals and families in Indianapolis, Indiana. They own and operate a 94-unit apartment community where the rents charged to tenants are subsidized and regulated by the U.S. Department of Housing and Urban Development. Through their mission to provide affordable housing, they contribute to addressing the housing needs of low-income persons in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $5,143
  • Program Service Revenue: $1,143,078
  • Gross Receipts: $1,148,221

    • Assets and Liabilities:
  • Total Assets: $1,753,844
  • Total Liabilities: $1,848,474
  • Net Assets: -$94,630
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOW INCOME RENTS

    Revenue

    $1,109,672

    OTHER TENANT CHARGES

    Revenue

    $30,255

    MISCELLANEOUS

    Revenue

    $3,151

    Organization Details

    Founding Year

    1996

    Principal Officer

    David Cooper

    Main Address

    2498 PERRY CROSSING WAY 260, PLAINFIELD, IN, 46168

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Community Reinvestment Foundation X Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.