COMMUNITY REINVESTMENT FOUNDATION XVI INC

EIN: 364598241 501(c)(3) Housing & Shelter

PLAINFIELD, IN

Total Revenue
$146,382
Total Expenses
$191,651
Total Assets
$1,109,749
Net Assets
$984,692
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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
2006
Legal Domicile
IN
Principal Officer
DAVID COOPER
Phone
3175542100
Tax Period
2023-04-01 to 2024-03-31

COMMUNITY REINVESTMENT FOUNDATION XVI INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2023. Expenses of $192K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1
Expenses: $191,651 Revenue: $146,371

PROVIDED AFFORDABLE HOUSING TO LOW INCOME ELDERLY PERSONS. COMMUNITY REINVESTMENT FOUNDATION XVI, INC. OPERATES A 19 UNIT APARTMENT COMMUNITY LOCATED IN MARION, INDIANA. THE RENTS CHARGED TO LOW...

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PROVIDED AFFORDABLE HOUSING TO LOW INCOME ELDERLY PERSONS. COMMUNITY REINVESTMENT FOUNDATION XVI, INC. OPERATES A 19 UNIT APARTMENT COMMUNITY LOCATED IN MARION, INDIANA. THE RENTS CHARGED TO LOW INCOME ELDERLY PERSONS 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 $146,371
Investment Income $11
Other Revenue $0
TOTAL REVENUE $146,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,008
Fundraising Expenses $0
Program Expenses $191,651
Other Expenses $150,643
TOTAL EXPENSES $191,651

Year-over-Year Comparison

2023 2022 Change
Revenue $146,382 $137,937 +0.1%
Expenses $191,651 $194,785 0.0%
Net Income $-45,269 $-56,848 -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
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 $146,382 $191,651 $1,109,749 $-45,269
2023 $137,937 $194,785 $1,154,385 $-56,848
2022 $146,595 $189,536 $1,206,668 $-42,941
2021 $144,023 $175,857 $1,250,638 $-31,834
2020 $138,438 $172,763 $1,281,531 $-34,325
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