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← COMMUNITY REDEVELOPMENT LOAN AND INVESTMENT FUND INC

Form 990 for tax year 2022

Filed by COMMUNITY REDEVELOPMENT LOAN AND INVESTMENT FUND INC.

What the amendment changed

Compared with the return it replaced , filed 13 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$2,631,431
Total expenses
$882,171
Contributions and grants received
$1,706,808
Grants paid
$0
Program service revenue
$793,347
Investment income
$131,276
Other revenue
$0
Total assets, end of year
$35,792,391
Total liabilities, end of year
$23,501,417
Net assets or fund balances, end of year
$12,290,974
Program services expenses (Part IX)
$882,171
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$882,171

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,706,808

  • 2a · Program service revenue: INTEREST INCOME

    total $546,586 · related or exempt $546,586

  • 2b · Program service revenue: PROGRAM FEES

    total $246,761 · related or exempt $246,761

  • 3 · Investment income

    total $131,276 · related or exempt $131,276

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $36,343 · program services $36,343

  • 11g · Fees: other

    total $120,802 · program services $120,802

  • 13 · Office expenses

    total $645 · program services $645

  • 16 · Occupancy

    total $5,911 · program services $5,911

  • 20 · Interest

    total $323,867 · program services $323,867

  • 23 · Insurance

    total $2,653 · program services $2,653

  • 24a · Other expenses: ALLOCATED SALARIES EXPE

    total $242,749 · program services $242,749

  • 24b · Other expenses: TELEPHONE

    total $136,010 · program services $136,010

  • 24c · Other expenses: OTHER EXPENSES

    total $11,948 · program services $11,948

  • 24d · Other expenses: GENERAL & ADMINISTRATIV

    total $1,243 · program services $1,243

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,564,617 · end of year $8,821,242

  • 4 · Accounts receivable

    beginning of year $1,786,587 · end of year $4,164,410

  • 7 · Other notes and loans receivable

    beginning of year $18,585,889 · end of year $22,714,189

  • 15 · Other assets

    beginning of year $85,711 · end of year $92,550

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,090 · end of year $338,225

  • 19 · Deferred revenue

    beginning of year $0 · end of year $33,192

  • 23 · Secured mortgages and notes payable

    beginning of year $17,380,000 · end of year $23,130,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,541,714 · end of year $12,290,974

Mission and programs · 2022

Mission

DEVELOPS, FINANCES, AND ADVOCATES FOR AFFORDABLE HOUSING AT SCALE THAT PROMOTES RACIAL EQUITY AND HEALTHY COMMUNITIES WHERE FAMILIES THRIVE.

  • DEVELOPS, FINANCES, AND ADVOCATES FOR AFFORDABLE HOUSING AT SCALE THAT PROMOTES RACIAL EQUITY AND HEALTHY COMMUNITIES WHERE FAMILIES THRIVE.

    Expenses $882,171 · Revenue $924,623

As filed on the 2022 return.

Listed in Part VII

  • Agnes Casimir

    CFO/DIRECTOR

    Total calculated
    $247,062
    From this org
    $0
    From related orgs
    $203,608
    Other
    $43,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $178,737 related
    Bonus
    $0 + $23,342 related
    Other
    $0 + $1,529 related
    Deferred
    $0 + $23,236 related
    Nontaxable benefits
    $0 + $20,218 related
    Filer's total
    $0 + $247,062 related

  • Ann Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Abramovitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Kirk

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Victoria Anglin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chandra Haslem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Perlmutter

    DIRECTOR

    Total calculated
    $181,655
    From this org
    $0
    From related orgs
    $149,988
    Other
    $31,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $132,258 related
    Bonus
    $0 + $17,532 related
    Other
    $0 + $198 related
    Deferred
    $0 + $12,234 related
    Nontaxable benefits
    $0 + $19,433 related
    Filer's total
    $0 + $181,655 related

  • Matt Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John O'Callaghan

    CEO/DIRECTOR

    Total calculated
    $437,281
    From this org
    $0
    From related orgs
    $352,835
    Other
    $84,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $299,802 related
    Bonus
    $0 + $45,903 related
    Other
    $0 + $7,130 related
    Deferred
    $0 + $38,974 related
    Nontaxable benefits
    $0 + $45,472 related
    Filer's total
    $0 + $437,281 related

  • Adria Hollis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Slaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Oglesby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela D Cross

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Shirlynn Fortson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roderick Teachey

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Nate Jester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Shenbaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Adams

    DIRECTOR

    Total calculated
    $233,275
    From this org
    $0
    From related orgs
    $183,591
    Other
    $49,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $161,688 related
    Bonus
    $0 + $21,211 related
    Other
    $0 + $692 related
    Deferred
    $0 + $16,169 related
    Nontaxable benefits
    $0 + $33,515 related
    Filer's total
    $0 + $233,275 related

  • Cecilia Leal

    DIRECTOR

    Total calculated
    $131,900
    From this org
    $0
    From related orgs
    $94,006
    Other
    $37,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $84,485 related
    Bonus
    $0 + $9,448 related
    Other
    $0 + $73 related
    Deferred
    $0 + $6,336 related
    Nontaxable benefits
    $0 + $31,558 related
    Filer's total
    $0 + $131,900 related

  • Thomas J Roeck Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary V Gude

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shikha Jerath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hugh Rowden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith L Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Zanaty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George S Burgan

    DIRECTOR

    Total calculated
    $149,992
    From this org
    $0
    From related orgs
    $118,952
    Other
    $31,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $106,733 related
    Bonus
    $0 + $11,673 related
    Other
    $0 + $546 related
    Deferred
    $0 + $10,673 related
    Nontaxable benefits
    $0 + $20,367 related
    Filer's total
    $0 + $149,992 related

  • Alrich Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Salisha Evans

    DIRECTOR

    Total calculated
    $180,860
    From this org
    $0
    From related orgs
    $150,644
    Other
    $30,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $127,152 related
    Bonus
    $0 + $23,252 related
    Other
    $0 + $240 related
    Deferred
    $0 + $10,066 related
    Nontaxable benefits
    $0 + $20,150 related
    Filer's total
    $0 + $180,860 related

  • Ashani O'Mard

    DIRECTOR

    Total calculated
    $179,110
    From this org
    $0
    From related orgs
    $157,101
    Other
    $22,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $135,623 related
    Bonus
    $0 + $21,250 related
    Other
    $0 + $228 related
    Deferred
    $0 + $17,631 related
    Nontaxable benefits
    $0 + $4,378 related
    Filer's total
    $0 + $179,110 related

  • Mandy Eidson

    DIRECTOR

    Total calculated
    $101,488
    From this org
    $0
    From related orgs
    $81,490
    Other
    $19,998
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $71,538 related
    Bonus
    $0 + $9,894 related
    Other
    $0 + $58 related
    Deferred
    $0 + $5,365 related
    Nontaxable benefits
    $0 + $14,633 related
    Filer's total
    $0 + $101,488 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ANDP DELOWE VILLAGE LLC

    REHAB RE · GA

    Directly controlled by ANDP INC

  • ANDP HOMES LLC

    ACQ/RESALE RE · GA

    Directly controlled by ANDP INC

  • ANDP PROVIDENCE PARKWAY GP LLC

    ACQ/RESALE RE · GA

    Directly controlled by ANDP INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MISTY AMBER LP

    RELATED · RE RENTAL · GA

  • CHP-MISTY LLC

    RELATED · RE RENTAL · GA

  • ANDP STANTON CREST LLC

    RELATED · RE RENTAL · GA

  • ANDP HUNTINGTON COURT LLC

    RELATED · RE RENTAL · GA

  • ANDP CREEKSIDE AT ADAMSVILLE PLACE LLC

    RELATED · RE RENTAL · GA

  • HUNTINGTON COURT PARTNERS LLC

    RELATED · RE RENTAL · GA

  • ANDP MISTY AMBER MARTIN HOUSE LLC

    RELATED · RE RENTAL · GA

  • ANDP ARDEN FAMILY I GP LLC

    RELATED · RE RENTAL · GA

  • PRESERVATION STATION LLC

    RELATED · RE RENTAL · GA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ANDP MISTY AMBER SENIOR HOUSING INC

    C · RE RENTAL · GA

  • ANDP SYLVAN HILLS GP LLC

    C · RE RENTAL · GA

Provenance

Return type
form_990
Tax year
2022
Filed
28 June 2024
IRS schema version
2022v5.0
Source object
202411929349300906

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