COMMUNITY REINVESTMENT FOUNDATION XV INC

EIN: 204067142 501(c)(3)

PLAINFIELD, IN

Total Revenue
$161,882
Total Expenses
$211,173
Total Assets
$1,063,049
Net Assets
$950,657
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
DAVID COOPER
Phone
3175542100
Tax Period
2023-04-01 to 2024-03-31

COMMUNITY REINVESTMENT FOUNDATION XV INC, founded in 2005, is a small nonprofit that reported $162K in total revenue in fiscal year 2023. Expenses of $211K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1
Expenses: $211,173 Revenue: $161,874

PROVIDED AFFORDABLE HOUSING TO LOW INCOME SENIORS. COMMUNITY REINVESTMENT FOUNDATION XV, INC. OWNS AND OPERATES A 21 UNIT APARTMENT COMMUNITY LOCATED IN MARION, INDIANA. THE RENTS CHARGED TO LOW...

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PROVIDED AFFORDABLE HOUSING TO LOW INCOME SENIORS. COMMUNITY REINVESTMENT FOUNDATION XV, INC. OWNS AND OPERATES A 21 UNIT APARTMENT COMMUNITY LOCATED IN MARION, INDIANA. THE RENTS CHARGED TO LOW INCOME SENIORS ARE SUBSIDIZED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $161,874
Investment Income $8
Other Revenue $0
TOTAL REVENUE $161,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,921
Fundraising Expenses $0
Program Expenses $211,173
Other Expenses $167,252
TOTAL EXPENSES $211,173

Year-over-Year Comparison

2023 2022 Change
Revenue $161,882 $160,896 +0.0%
Expenses $211,173 $205,290 +0.0%
Net Income $-49,291 $-44,394 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$213,303
Total Directors
5
$213,303
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID COOPER PRESIDENT 0.00
Officer Director
$0 $0 $213,303
TIM SHROUT DIRECTOR 0.00
Director
$0 $0 $0
TIM PAINO SECRETARY AND TREASURER 0.00
Officer Director
$0 $0 $0
ADAM BOCIK DIRECTOR 0.00
Director
$0 $0 $0
WILLIAM TIBBETS DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $161,882 $211,173 $1,063,049 $-49,291
2023 $160,896 $205,290 $1,122,036 $-44,394
2022 $155,883 $221,234 $1,156,666 $-65,351
2021 $160,913 $174,755 $1,209,000 $-13,842
2020 $150,317 $171,272 $1,224,068 $-20,955
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