COMMUNITY REINVESTMENT FOUNDATION XI INC

EIN: 351992143 501(c)(3)

PLAINFIELD, IN

Total Revenue
$173,449
Total Expenses
$242,122
Total Assets
$1,221,989
Net Assets
$1,191,202
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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
2023-04-01 to 2024-03-31

COMMUNITY REINVESTMENT FOUNDATION XI INC, founded in 1996, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $242K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS.

Program Service Accomplishments

Program 1
Expenses: $242,122 Revenue: $173,435

PROVIDED AFFORDABLE HOUSING TO SENIOR LOW INCOME INDIVIDUALS. COMMUNITY REINVESTMENT FOUNDATION XI, INC. OWNS AND OPERATES A 25 UNIT APARTMENT COMMUNITY FOR SENIORS LOCATED IN MARION, INDIANA. THE...

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PROVIDED AFFORDABLE HOUSING TO SENIOR LOW INCOME INDIVIDUALS. COMMUNITY REINVESTMENT FOUNDATION XI, INC. OWNS AND OPERATES A 25 UNIT APARTMENT COMMUNITY FOR SENIORS 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 $173,435
Investment Income $14
Other Revenue $0
TOTAL REVENUE $173,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,265
Fundraising Expenses $0
Program Expenses $242,122
Other Expenses $189,857
TOTAL EXPENSES $242,122

Year-over-Year Comparison

2023 2022 Change
Revenue $173,449 $195,407 -0.1%
Expenses $242,122 $232,811 +0.0%
Net Income $-68,673 $-37,404 +0.8%
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 $173,449 $242,122 $1,221,989 $-68,673
2023 $195,407 $232,811 $1,281,061 $-37,404
2022 $202,960 $239,117 $1,318,417 $-36,157
2021 $193,786 $215,459 $1,350,365 $-21,673
2020 $174,283 $233,011 $1,376,250 $-58,728
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