COMMUNITY REINVESTMENT FOUNDATION IX INC

EIN: 351986794 501(c)(3)

PLAINFIELD, IN

Total Revenue
$22,629,900
Total Expenses
$22,050,741
Total Assets
N/A
Net Assets
N/A
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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
IN
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

PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS.

Program Service Accomplishments

Program 1
Expenses: $22,050,741 Revenue: $405,266

PROVIDED AFFORDABLE HOUSING TO 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%)

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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

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Governance

Voting Members
5
Independent Members
4
Employees
6
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
$296,522
Total Directors
5
$296,522
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 $8,399 $296,522
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
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
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