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← CRF AFFORDABLE HOUSING INC

Form 990 for tax year 2023

Filed by CRF AFFORDABLE HOUSING INC.

Totals

Total revenue
$26,418,382
Total expenses
$21,846,128
Contributions and grants received
$910,169
Grants paid
$2,930,579
Program service revenue
$10,430,981
Investment income
$15,077,232
Other revenue
$0
Total assets, end of year
$92,871,826
Total liabilities, end of year
$13,302,711
Net assets or fund balances, end of year
$79,569,115
Program services expenses (Part IX)
$21,846,128
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,846,128

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

Listed in Part VII

  • DAVID COOPER

    PRESIDENT

    Total calculated
    $213,304
    From this org
    $213,304
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,175
    Bonus
    $48,129
    Other
    $10,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $213,304

  • 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
    $182,341
    From this org
    $182,341
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,414
    Bonus
    $47,907
    Other
    $20,020
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $182,341

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 3
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 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 -$21 · assets $332,672

    Directly controlled by CRF AFFORDABLE HOUSING

  • GLASSWATER CREEK SERVICE PROVIDER OF PLAINFIELD LLC

    SERVICE PROVIDER · IN · income $0 · assets $328,576

    Directly controlled by CRF AFFORDABLE HOUSING

  • GLASSWATER CREEK SERVICE PROVIDER OF WHITESTOWN

    SERVICE PROVIDER · IN · income $0 · assets $116,894

    Directly controlled by CRF AFFORDABLE HOUSING

  • CRF DEVELOPMENT JEFFERSONVILLE

    SERVICE PROVIDER · IN

    Directly controlled by CRF AFFORDABLE HOUSING

Related partnerships

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

  • ELGIN MANOR APTS LP

    RELATED · AFFORDABLE HOUSING · IN · 99.99% owned · share of income -$68,938 · share of assets $7,383,020 · general or managing partner

  • GLASSWATER CREEK OF LAFAYETTE LLC

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$68 · share of assets $2,048 · general or managing partner

  • GLASSWATER CREEK OF PLAINFIELD LLC

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income $109 · share of assets $2,426 · general or managing partner

  • CLOVERLEAF II LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$210,253 · share of assets $8,731,942 · general or managing partner

  • GLASSWATER CREEK OF WHITESTOWN LLC

    RELATED · AFFORDABLE HOUSING · IN · share of income -$211 · share of assets $2,255 · general or managing partner

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202403069349300510

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