Community Reinvestment Foundation I Inc in Indianapolis, Indiana (IN)

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Community Reinvestment Foundation I Inc
Employer Identification Number (EIN)351870895
Name of OrganizationCommunity Reinvestment Foundation I Inc
In Care of NameDavid E Cooper
Address44 N Girls School Rd, Indianapolis, IN 46214-3960
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date09/1992
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2009
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,589,329
Amount of Income$769,522
Form 990 Revenue Amount$769,522
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities



Amount of income in 2009: $769,522
Community Reinvestment Foundation I Inc:  $769,522
Other organizations performing similar types of work:  $792,250

Assets in 2009: $2,589,329
Community Reinvestment Foundation I Inc:  $2,589,329
Other organizations performing similar types of work:  $2,699,477

Expenses in 2006: $877,742
Community Reinvestment Foundation I Inc:  $877,742
Other organizations performing similar types of work:  $800,370

Income to expenses ratio in 2006: 0.8
This organization:  0.8
Other organizations performing similar types of work:  1.0

Expenses allocated to program services in 2006: 100.0%
This organization:  100.0%
Other organizations performing similar types of work:  91.0%

Number of employees in 2006: 3
Community Reinvestment Foundation I Inc:  3
Other organizations performing similar types of work:  6

Grants share in income in 2006: 0.0%
Community Reinvestment Foundation I Inc:  0.0%
Other organizations performing similar types of work:  0.5%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20052006
Total revenue$790,218$734,663
Contributions, gifts, grants, and similar amounts received$0$0
Contributions to donor advised funds$0
Direct public support$0$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$788,904$729,293
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1,314$5,370
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$953,947$877,742
Program services$953,947$877,742
Management and general$0$0
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$2,876,306$2,733,227
Excess or (deficit) for the year$-163,729$-143,079
Net assets or fund balances at beginning of year$3,040,035$2,876,306
Other changes in net assets or fund balances$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$877,742$877,742$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$130,659$130,659$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$20,392$20,392$0$0
Payroll taxes$12,008$12,008$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$19,999$19,999$0$0
Legal fees$5,888$5,888$0$0
Supplies$16,179$16,179$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$281,120$281,120$0$0
Equipment rental and maintenance$39$39$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$177,200$177,200$0$0
Other expenses not covered above$214,258$214,258$0$0
Balance Sheets
20052006
Total assets$3,076,418$2,889,692
Cash - non-interest-bearing$617$0
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$767$1,565
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$4,629$4,765
Investments - publicly-traded securities$0
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$2,640,984$2,463,784
Other assets, including program-related investments$429,421$419,578
Total liabilities$200,112$156,465
Accounts payable and accrued expenses$136,539$86,680
Grants payable$0$0
Deferred revenue$5,140$8,712
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$58,433$61,073
Total liabilities and net assets/fund balances$3,076,418$2,889,692
Total net assets or fund balances$2,876,306$2,733,227
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20052006
Total revenue$790,218$734,663
Total revenue, gains, and other support per audited financial statements$790,218$734,663
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20052006
Total expenses$953,947$877,742
Total expenses and losses per audited financial statements$953,947$877,742
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$5,370$729,293
Program service revenue
Program service revenue 1000000$000$0$700,111
Program service revenue 2000000$000$0$29,182
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$5,370$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
20042005
Total$800,149$790,218
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$798,771$788,904
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,378$1,314
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Los Angeles Lomod Corporation515 Columbia Ave Third Floor, Los Angeles, CA 90017-1209CA1976-08$316,305,377
2Community Initiatives Development Corporation18 Aitken Avenue, Hudson, NY 12534NY1994-07$53,461,369
3Shore Hill Housing Co Inc9000 Shore Road, Brooklyn, NY 11209-5449NY1980-07$46,616,753
4Community Builders Inc95 Berkeley St, Boston, MA 02116-6230MA1964-06$45,100,391
5National Church Residences2335 North Bank Dr, Columbus, OH 43220OH1962-05$23,317,860
61260 Housing Development Corporation2042-48 Arch St 2nd Fl, Philadelphia, PA 19103PA1989-04$15,078,031
7Michigan Nonprofit Housing Corporation, Breton Village Green Apartments21751 Wildwood St, Dearborn, MI 48128-1463MI1991-10$14,453,096
8Affordable Housing Preservation Foundation2850 S Michigan Ave, Chicago, IL 60616-3230IL1989-06$8,370,906
9Mission Housing Development Corp, Dunleavy Plaza Apartm474 Valencia St Ste 280, San Francisco, CA 94103-5928CA1972-12$5,350,223
10Abiding Peace Senior Housing CorpC/O Lsmnj 6 Terri Lane Suite 300, Burlington, NJ 08016NJ1994-01$5,107,124
11Alamo Area Mutual Housing Association Inc4100 Piedras Drive East Suite 200, San Antonio, TX 78228TX1991-08$4,416,147
12County Corp130 W 2nd St Ste 1420, Dayton, OH 45402-1502OH1980-09$3,137,586
13Central Vermont Community Land Trust Inc107 North Main Street, Barre, VT 05641-4156VT1988-09$2,613,965
143700 Green Tree Corporation3744 West Greentree Road, Milwaukee, WI 53209WI1968-12$2,039,166
15Visionary Home Builders Of California Inc315 N San Joaquin St, Srockton, CA 95202-2025CA1991-08$1,676,292
16Windy Hill Foundation IncPO BOX 1593, Middleburg, VA 20118-1593VA1992-11$1,595,101
17Mount Carmel Gardens Inc5846 Mount Carmel Terrace, Jacksonville, FL 32216FL1971-04$1,283,007
18Lasalle Park Homes Inc202 S Michigan St Suite 900, South Bend, IN 46601IN1969-05$1,185,679
19Acacia-Lumberton Manor4350 Haddonfield Rd Ste 117, Pennsauken, NJ 08109NJ1975-08$1,145,718
20Admiral William F Halsey Senior, Sue Kimmerle162 Atlantic Ave, Lynbrook, NY 11563-3413NY1978-04$1,044,475
21Allen Temple Development Corpora Tion6120 Stoneridge Mall Rd 3rd Fl, Pleasanton, CA 94588-3296CA1979-03$959,355
22Albert Lea Trades & Labor Assembly Senior Housing Inc915 Maplehill Dr, Albert Lea, MN 56007-1894MN$955,324
23Echo Housing Corporation414 Baker Ave, Evansville, IN 47710-1702IN1993-04$906,831
24Bethesda Corp711 Ohio St, Terre Haute, IN 47807-3717IN1977-03$793,337
25Community Reinvestment Foundation I Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$769,522
26Hoosier Manor IncPO BOX 453, Zionsville, IN 46077-0453IN1981-07$751,399
276800 Teutonia Corporation3744 W Green Tree Road, Milwaukee, WI 53209WI1968-12$494,744
28Ahepa One Inc2025 Ludovie Ln, Decatur, GA 30033-1024GA1995-09$404,246
29396 Straight Street Corp508 Straight St, Paterson, NJ 07503-3044NJ1994-04$312,835
30Dale Community Apartments IncPO BOX 40, Dale, IN 47523-0040IN1973-06$165,572
Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas3
Arizona12
California101
Colorado15
Connecticut8
District of Columbia5
Delaware2
Florida31
Georgia19
Hawaii11
Iowa10
Idaho2
Illinois35
Indiana6
Kansas3
Kentucky4
Louisiana12
Massachusetts23
Maryland9
Maine7
Michigan23
Minnesota14
Missouri19
Mississippi5
Montana3
North Carolina12
North Dakota2
Nebraska3
New Jersey22
New Mexico6
Nevada1
New York76
Ohio48
Oklahoma2
Oregon9
Pennsylvania46
Rhode Island4
South Carolina4
South Dakota3
Tennessee10
Texas37
Utah1
Virginia27
Vermont6
Washington11
Wisconsin12
West Virginia1
Wyoming1
International3
Total737
30 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateNorth Central University910 Elliot Ave, Madison, WI 53701WI1964-08$509,218,852
SubordinateEvangel College1111 N Glenstone Ave, Springfield, MO 65802-2125MO1966-11$29,372,018
SubordinateCommunity Reinvestment Foundation Ix Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$1,829,259
SubordinateCommunity Reinvestment Foundation I Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$769,522
SubordinateCentro Biblico Internacional De Hialeah15201 Nw 60th Ave # 19, Miami Lakes, FL 33014-2410FL1964-08$291,312
SubordinateFloral Heights Assembly Of God, Women In Need2216 Southwest Pkwy, Wichita Falls, TX 76308-5004TX1964-08$160,193
SubordinateSolid Rock Assembly Of God Of Windsor, Redwood Country ChapelPO BOX 66, Windsor, CA 95492-0066CA1964-08$90,517
SubordinateCommunity Reinvestment Foundation V Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$1,349,133
SubordinateCommunity Reinvestment Foundation Vi Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$1,243,868
SubordinateCommunity Reinvestment Foundation Viii Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$956,440
SubordinateCommunity Reinvestment Foundation Ii Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$844,561
SubordinateCommunity Reinvestment Foundation X Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$678,601
SubordinateCommunity Reinvestment Foundation Iv Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$659,180
SubordinateCommunity Reinvestment Foundation Vii Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1993-09$487,158
SubordinatePhiladelphia Pentecostal Church45 New St, Danbury, CT 06810-6512CT1964-08$481,177
SubordinateCentro Christano La Ultima Cosecha Ag, La Ultima CosechaPO BOX 343422, Florida City, FL 33034-0422FL1964-08$425,409
SubordinateGeneral Council Of The Assemblies Of God, Christian Life Chrch Assmbly Of GodPO BOX AA, Kensington, CT 06037-0485CT1964-08$374,177
SubordinateChicago Assembly Of God618 E Golf Rd, Mt Prospect, IL 60056-4316IL1964-08$369,214
SubordinateAssemblies Of God New Jersey Central Church Inc251 State Street, Hackensack, NJ 07601NJ1964-08$361,080
SubordinateDeep Ellum Church A Fellowship Of The Assemblies Of God2803 Taylor St, Dallas, TX 75226-1907TX1964-08$342,591
SubordinateCommunity Reinvestment Foundation Iii Inc44 N Girls School Rd, Indianapolis, IN 46214-3960IN1992-09$304,926
SubordinateFull Gospel Baltimore Church2123 W Joppa Rd, Lutherville, MD 21093MD1997-01$304,882
SubordinateFirst Assembly Of God911 Brown Pilot Ln, Dexter, MO 63841-1878MO1964-08$267,096
SubordinateCentro Internacional Sion Asambleas De Dios Inc, Zion Assembly Of God2521 Biscayne Blvd, Miami, FL 33137-4517FL1964-08$261,108
SubordinateIglesia Esmirna533 W Vernon Ave, Los Angeles, CA 90037-2609CA1964-08$211,480
SubordinateHis Love Christian Services IncPO BOX 518, Lake Jackson, TX 77566-0518TX1983-02$196,336
SubordinateGracehill Community418 Valencia St, Dallas, TX 75223-1319TX1964-08$186,652
SubordinateBethel Assembly Of God4322 Banister Lane, Austin, TX 78745TX1964-08$182,102
SubordinateEl Shaddai Christian Church26 Hallock Drive, Washingtonville, NY 10992-1638NY1964-08$172,072
SubordinateBeautiful Church Of Orlando7850 Bates Rd, Orlando, FL 32807-8606FL1964-08$169,571
Number of affiliated organizations
Arkansas1
Arizona1
California9
Connecticut3
District of Columbia1
Florida7
Illinois1
Indiana15
Kentucky1
Massachusetts2
Maryland1
Missouri4
North Carolina3
New Jersey3
New Mexico1
New York5
Oregon1
Pennsylvania1
Rhode Island1
South Carolina1
Texas6
Virginia1
Washington2
Wisconsin1
Wyoming1
Total73

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