Community Reinvestment Foundation
Legal name: Community Reinvestment Foundation Xvi Inc
Nonprofit profile at a glance
- EIN
- 364598241
- IRS 990 coverage
- 2019–2023
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2023
- Location
- Plainfield, IN, United States
- Phone
- (317) 839-5808
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $146,382
- Expenses
- $191,651
- Assets
- $1,109,749
- Liabilities
- $125,057
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DAVID COOPER (PRESIDENT)
Highest reported compensation
- DAVID COOPER (PRESIDENT): $213,303 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sustaining Affordable Housing: We provide access to quality, affordable housing to those who need it; focused on building true community beyond the properties acquired. At the time, the federal government was incentivizing nonprofits to step into the country’s aging affordable housing inventory, and that gave these creative, mission-minded leaders the exact opportunity they were looking for. CRF was born. Business + Over the past two-plus decades, CRF has purchased, rehabbed, and built over 2,200 affordable apartment units across Indiana and Ohio. Those efforts have not only resulted in the preservation and provision of affordable housing for thousands who need it, but have also generated opportunities to help to build schools, orphanages, and churches all over the world.
What it reported doing in 2023
Provided affordable housing to low income elderly persons. Community reinvestment foundation xvi, inc. Operates a 19 unit apartment community located in marion, Indiana. The rents charged to low income elderly persons are subsidized and regulated by the u.s. Department of housing and urban development.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 56
- Accountability: 68
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 24th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -30.9%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 5.79; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 3.1% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -3.7% per year; rating input score 0; 14th percentile among comparable filings
Details
- What they do: 2 operating locations identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $192K in reported program spending
- Leadership: top reported pay $213K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 5 filing years from 2019 to 2023
- Contacts: How to reach this organization
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.