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← COMMUNITY REDEVELOPMENT LOAN AND INVESTMENT FUND INC

Form 990 for tax year 2023

Filed by COMMUNITY REDEVELOPMENT LOAN AND INVESTMENT FUND INC.

Totals

Total revenue
$5,085,136
Total expenses
$1,253,983
Contributions and grants received
$3,613,310
Grants paid
$0
Program service revenue
$1,037,344
Investment income
$434,482
Other revenue
$0
Total assets, end of year
$43,767,359
Total liabilities, end of year
$27,645,232
Net assets or fund balances, end of year
$16,122,127
Program services expenses (Part IX)
$1,253,983
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,253,983

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

    $3,613,310

  • 2a · Program service revenue: INTEREST INCOME

    total $742,228 · related or exempt $742,228

  • 2b · Program service revenue: PROGRAM FEES

    total $295,116 · related or exempt $295,116

  • 3 · Investment income

    total $385,713 · related or exempt $385,713

  • 7a · Gross sales of assets other than inventory

    other assets $48,769

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $48,769

  • 7d · Net gain or loss

    total $48,769 · related or exempt $48,769

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $49,633 · program services $49,633

  • 11g · Fees: other

    total $160,432 · program services $160,432

  • 13 · Office expenses

    total $941 · program services $941

  • 16 · Occupancy

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

  • 20 · Interest

    total $418,363 · program services $418,363

  • 23 · Insurance

    total $2,318 · program services $2,318

  • 24a · Other expenses: ALLOCATED SALARIES EXPE

    total $313,670 · program services $313,670

  • 24b · Other expenses: TELEPHONE

    total $281,890 · program services $281,890

  • 24c · Other expenses: OTHER EXPENSES

    total $19,412 · program services $19,412

  • 24d · Other expenses: GENERAL & ADMINISTRATIV

    total $1,413 · program services $1,413

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,821,242 · end of year $14,485,303

  • 4 · Accounts receivable

    beginning of year $4,164,410 · end of year $2,876,643

  • 7 · Other notes and loans receivable

    beginning of year $22,714,189 · end of year $26,405,413

  • 15 · Other assets

    beginning of year $92,550 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $338,225 · end of year $12,070,232

  • 19 · Deferred revenue

    beginning of year $33,192 · end of year $5,725,000

  • 23 · Secured mortgages and notes payable

    beginning of year $23,130,000 · end of year $9,850,000

  • 27 · Net assets without donor restrictions

    beginning of year $12,290,974 · end of year $16,122,127

Mission and programs · 2023

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 $1,253,983 · Revenue $1,471,826

As filed on the 2023 return.

Listed in Part VII

  • Agnes Casimir

    CFO/DIRECTOR

    Total calculated
    $266,658
    From this org
    $0
    From related orgs
    $218,322
    Other
    $48,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $192,142 related
    Bonus
    $0 + $25,939 related
    Other
    $0 + $241 related
    Deferred
    $0 + $24,978 related
    Nontaxable benefits
    $0 + $23,358 related
    Filer's total
    $0 + $266,658 related

  • Ann Carpenter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Aaron Abramovitz

    DIRECTOR

    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
    $193,231
    From this org
    $0
    From related orgs
    $158,647
    Other
    $34,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,177 related
    Bonus
    $0 + $16,350 related
    Other
    $0 + $120 related
    Deferred
    $0 + $14,218 related
    Nontaxable benefits
    $0 + $20,366 related
    Filer's total
    $0 + $193,231 related

  • Zykereyes Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John O'Callaghan

    CEO/DIRECTOR

    Total calculated
    $471,348
    From this org
    $0
    From related orgs
    $386,910
    Other
    $84,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $331,475 related
    Bonus
    $0 + $50,034 related
    Other
    $0 + $5,401 related
    Deferred
    $0 + $43,092 related
    Nontaxable benefits
    $0 + $41,346 related
    Filer's total
    $0 + $471,348 related

  • Jace Gatewood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Slaton

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Richard Oglesby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela D Cross

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Shirlynn Fortson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roderick Teachey

    DIRECTOR

    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
    $251,882
    From this org
    $0
    From related orgs
    $197,645
    Other
    $54,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $173,815 related
    Bonus
    $0 + $23,465 related
    Other
    $0 + $365 related
    Deferred
    $0 + $17,381 related
    Nontaxable benefits
    $0 + $36,856 related
    Filer's total
    $0 + $251,882 related

  • Cecilia Leal

    DIRECTOR

    Total calculated
    $139,616
    From this org
    $0
    From related orgs
    $98,136
    Other
    $41,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $90,821 related
    Bonus
    $0 + $7,266 related
    Other
    $0 + $49 related
    Deferred
    $0 + $6,812 related
    Nontaxable benefits
    $0 + $34,668 related
    Filer's total
    $0 + $139,616 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

  • Daphne Bond Godfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George S Burgan

    DIRECTOR

    Total calculated
    $159,956
    From this org
    $0
    From related orgs
    $126,452
    Other
    $33,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $114,737 related
    Bonus
    $0 + $11,474 related
    Other
    $0 + $241 related
    Deferred
    $0 + $11,474 related
    Nontaxable benefits
    $0 + $22,030 related
    Filer's total
    $0 + $159,956 related

  • Alrich Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Salisha Evans

    DIRECTOR

    Total calculated
    $187,774
    From this org
    $0
    From related orgs
    $153,911
    Other
    $33,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $136,688 related
    Bonus
    $0 + $17,086 related
    Other
    $0 + $137 related
    Deferred
    $0 + $12,074 related
    Nontaxable benefits
    $0 + $21,789 related
    Filer's total
    $0 + $187,774 related

  • Ashani O'Mard

    DIRECTOR

    Total calculated
    $222,263
    From this org
    $0
    From related orgs
    $195,333
    Other
    $26,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $173,475 related
    Bonus
    $0 + $21,684 related
    Other
    $0 + $174 related
    Deferred
    $0 + $22,552 related
    Nontaxable benefits
    $0 + $4,378 related
    Filer's total
    $0 + $222,263 related

  • Rian Perry Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vy Vu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Haas

    DIRECTOR

    Total calculated
    $51,896
    From this org
    $0
    From related orgs
    $51,896
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $47,083 related
    Bonus
    $0 + $4,813 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $51,896 related

  • Mandy Eidson

    DIRECTOR

    Total calculated
    $91,699
    From this org
    $0
    From related orgs
    $69,938
    Other
    $21,761
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $69,895 related
    Bonus
    $0
    Other
    $0 + $43 related
    Deferred
    $0 + $5,242 related
    Nontaxable benefits
    $0 + $16,519 related
    Filer's total
    $0 + $91,699 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

  • MAAR FUND 1 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

  • ANDP SYMPHONY FAMILY I GP LLC

    C · RE RENTAL · GA

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202500369349300500

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