American Reinvestment Company

Organization Overview

American Reinvestment Company is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Reinvestment Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, American Reinvestment Company generated $466.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (46.6%) each year. All expenses for the organization totaled $4.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE AMERICAN REINVESTMENT COMPANY IS TO TRAIN AND PROVIDE TECHNICAL AND FINANCIAL ASSISTANCE TO NONPROFIT ORGANIZATIONS THAT PROMOTE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, WORKFORCE DEVELOPMENT AND JOB CREATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE AMERICAN REINVESTMENT COMPANY IS TO TRAIN AND PROVIDE TECHNICAL AND FINANCIAL ASSISTANCE TO NONPROFIT ORGANIZATIONS THAT PROMOTE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, WORK FORCE DEVELOPMENT AND JOB CREATION.


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Board, Officers & Key Employees

Name (title)Compensation
Theodore Chandler
President
$0
Erica Khatchadourian
Secretary/treasurer
$0
Lesyllee White
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $466
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $466

Grants Awarded

Over the last fiscal year, American Reinvestment Company has awarded $57,862 in support to 4 organizations.

Grant RecipientAmount

BUILDING DETROIT FUTURES INC

Org PageRecipient Profile

Royal Oak, MI

PURPOSE: FACILITATE THE REHABILITATION AND SALE OF ABANDONED HOMES IN DETROIT

$35,362

PHOENIX FAMILY HOUSING

Org PageRecipient Profile

Kansas City, MO

PURPOSE: JOB TRAINING AND OTHER CRITICAL RESIDENT RESOURCES.

$10,000

IGLESIA NUEVO AMANECER LA HERMOSA

Org PageRecipient Profile

Bronx, NY

PURPOSE: SUPPORT FREE WEEKLY CHILDREN'S PROGRAMMING IN POOR NEIGHBORHOOD OF BRONX

$10,000

NATIONAL ALLIANCE TO END HOMELESSNESS

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT EFFORTS TO END HOMELESSNESS.

$2,500
View Grant Profile

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