Skip to content
Nonprofiteer
← COMMUNITY REINVESTMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by COMMUNITY REINVESTMENT FOUNDATION INC.

Totals

Total revenue
$1,291,608
Total expenses
$289,377
Contributions and grants received
$120,000
Grants paid
$270,299
Program service revenue
$0
Investment income
$1,171,570
Other revenue
$38
Total assets, end of year
$6,136,625
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,136,625
Program services expenses (Part IX)
$289,377
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$289,377

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.

  • 1d · Related organizations

    $120,000

  • 3 · Investment income

    total $163,664 · excluded $163,664

  • 7a · Gross sales of assets other than inventory

    securities $1,007,906

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

    securities $0

  • 7c · Gain or loss

    securities $1,007,906

  • 7d · Net gain or loss

    total $1,007,906 · excluded $1,007,906

  • 11a · Other revenue: INCOME FROM PARTNERSHIPS

    total $38 · related or exempt $38

  • 11e · Other revenue, total

    $38

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $270,299 · program services $270,299

  • 11b · Fees: legal

    total $559 · program services $559

  • 11c · Fees: accounting

    total $18,500 · program services $18,500

  • 13 · Office expenses

    total $19 · program services $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,771 · end of year $80,012

  • 2 · Savings and temporary cash investments

    beginning of year $67,163 · end of year $11,403

  • 4 · Accounts receivable

    beginning of year $378,420 · end of year $764,649

  • 7 · Other notes and loans receivable

    beginning of year $4,549,982 · end of year $5,276,879

  • 10c · Land, buildings and equipment, net

    beginning of year $36,114

  • 13 · Investments: program-related

    beginning of year $18,944 · end of year $3,682

  • 27 · Net assets without donor restrictions

    beginning of year $5,134,394 · end of year $6,136,625

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES.

  • CRF SUPPORTS MULTIPLE LOW-INCOME HOUSING PROPERTIES BY PROVIDING OVERSIGHT OF EACH PROPERTY'S MANAGEMENT TEAM THROUGH THE DEVELOPMENT OF POLICIES AND PROCEDURES, DEVELOPMENT OF SOCIAL PROGRAMS AND SERVICES FOR THE RESIDENTS AND ENSURES COMPLIANCE WITH PROGRAM REGULATIONS AS WELL AS WITH OTHER GOVERNMENT AGENCIES TO MEET ITS CHARITABLE PURPOSE.

    Expenses $289,377 · Grants $270,299 · Revenue $38

As filed on the 2024 return.

Listed in Part VII

  • David Cooper

    PRESIDENT

    Total calculated
    $322,702
    From this org
    $0
    From related orgs
    $322,702
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,980 related
    Bonus
    $0 + $145,722 related
    Other
    $0 + $10,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $322,702 related

  • Tim Shrout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tim Paino

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Adam Bocik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • William Tibbetts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Erik Cooper

    VICE PRESIDENT

    Total calculated
    $286,139
    From this org
    $0
    From related orgs
    $286,139
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,102 related
    Bonus
    $0 + $103,528 related
    Other
    $0 + $29,509 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $286,139 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

The filer's explanations (Part III)

PART I - LINE 13
DESCRIBE THE PROCESS OF RELATED ORGANIZATION TO DETERMINE AND APPROVE COMPENSATION ALL COMPENSATION FOR TOP MANAGEMENT POSITIONS, EXCLUSIVE OF THE PRESIDENT, IS PRESENTED TO THE BOARD OF DIRECTORS BY RECOMMENDATION OF THE PRESIDENT THROUGH THE ANNUAL BUDGETING PROCESS. COMPENSATION FOR THE PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS AFTER CONSIDERATION OF COMPENSATION PAID BY COMPARABLE ORGANIZATIONS.

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

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.

  • GLASSWATER CREEK SERVICE PROVIDER OF LAFAYETTE LLC

    SERVICE PROVIDER · IN · income -$1 · assets $335,614

    Directly controlled by CRF AFFORDABLE INC

  • GLASSWATER CREEK SERVICE PROVIDER OF PLAINFIELD LLC

    SERVICE PROVIDER · IN · income $1 · assets $403,110

    Directly controlled by CRF AFFORDABLE INC

  • GLASSWATER CREEK SERVICE PROVIDER OF WHITESTOWN

    SERVICE PROVIDER · IN · income $1 · assets $144,032

    Directly controlled by CRF AFFORDABLE INC

  • CRF DEVELOPMENT JEFFERSONVILLE

    SERVICE PROVIDER · IN · income $0 · assets $0

    Directly controlled by CRF AFFORDABLE INC

Related partnerships

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

  • ELGIN MANOR APTS LP

    RELATED · AFFORDABLE HOUSING · IN · share of income -$117,717 · share of assets $7,093,499

  • CLOVERLEAF II LP

    RELATED · AFFORDABLE HOUSING · IN · share of income -$246,691 · share of assets $8,459,493

  • GLASSWATER CREEK OF LAFAYETTE LLC

    RELATED · AFFORDABLE HOUSING · IN · share of income -$21 · share of assets $1,982

  • GLASSWATER CREEK OF PLAINFIELD LLC

    RELATED · AFFORDABLE HOUSING · IN · share of income $180 · share of assets $2,402

  • GLASSWATER CREEK OF WHITESTOWN LLC

    RELATED · AFFORDABLE HOUSING · IN · share of income -$119 · share of assets $2,184

  • 17TH PLACE ASSOCIATES

    RELATED · AFFORDABLE HOUSING · IN · share of income $38

Related corporations and trusts

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

  • CLOVERLEAF II HOLDINGS INC

    C · AFFORDABLE HOUSING · IN · 100% owned · share of income -$15 · controlled entity

    Directly controlled by CRF INC

  • ELGIN MANOR HOLDINGS INC

    C · AFFORDABLE HOUSING · IN · 100% owned · share of income -$1 · controlled entity

    Directly controlled by CRF INC

  • GLASSWATER CREEK - LAFAYETTE MM INC

    C · AFFORDABLE HOUSING · IN · 100% owned · share of income -$20 · controlled entity

    Directly controlled by CAH INC

  • GLASSWATER CREEK - PLAINFIELD MM INC

    C · AFFORDABLE HOUSING · IN · 100% owned · share of income $36 · controlled entity

    Directly controlled by CAH INC

  • GLASSWATER CREEK - WHITESTOWN MM INC

    C · AFFORDABLE HOUSING · IN · 100% owned · share of income -$119 · controlled entity

    Directly controlled by CAH INC

Provenance

Return type
form_990
Tax year
2024
Filed
21 November 2025
IRS schema version
2024v5.2
Source object
202513399349301001

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.