COMMUNITY REINVESTMENT FOUNDATION IX INC (EIN 351986794) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

DAVID COOPER

Phone

3175542100

Tax Period

2021-04-01 to 2022-03-31

COMMUNITY REINVESTMENT FOUNDATION IX INC, founded in 1996, is a mid-sized nonprofit that reported $22.6M in total revenue in fiscal year 2021. Revenue surged 808% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES. COMMUNITY REINVESTMENT FOUNDATION IX, INC., OWNS AND OPERATES A 304 UNIT APARTMENT COMMUNITY IN BEECH GROVE, INDIANA.

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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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $405,266

Investment Income $22,224,634

Other Revenue $0

TOTAL REVENUE $22,629,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,921

Fundraising Expenses $0

Program Expenses $22,050,741

Other Expenses $21,929,820

TOTAL EXPENSES $22,050,741

Year-over-Year Comparison

	2021	2020	Change
Revenue	$22,629,900	$2,491,581	+8.1%
Expenses	$22,050,741	$2,027,278	+9.9%
Net Income	$579,159	$464,303	+0.2%

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

Governance

Voting Members

Independent Members

Employees

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

$296,522

Total Directors

$296,522

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID COOPER	PRESIDENT	Officer Director	$0	$8,399	$296,522
TIM SHROUT	DIRECTOR	Director	$0	$0	$0
TIM PAINO	SECRETARY AND TREASURER	Officer Director	$0	$0	$0
ADAM BOCIK	DIRECTOR	Director	$0	$0	$0
WILLIAM TIBBETS	DIRECTOR	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
2022	$22,629,900	$22,050,741	No data	$579,159
2021	$2,491,581	$2,027,278	$5,451,104	$464,303
2020	$2,460,686	$2,544,363	$5,187,043	$-83,677

COMMUNITY REINVESTMENT FOUNDATION IX INC