American Reinvestment Company
- Assets
- $430.6k
- Revenue
- $4.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 46-3663287
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 12/2022, American Reinvestment Company generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $35.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 AND TO PROVIDE DONATIONS TO NONPROFIT ORGANIZATIONS IN TARGETED PARTS OF THE COUNTRY FOR PROJECTS THAT PROMOTE AND PROVIDE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, JOB TRAINING, AND WORKFORCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE AMERICAN REINVESTMENT COMPANY (ARC) IS TO PROMOTE THE CREATION OF COMMUNITY SERVICES, AFFORDABLE HOUSING AND JOB TRAINING OPPORTUNITIES IN LOW INCOME COMMUNITIES NATIONWIDE BY PROVIDING TECHNICAL AND FINANCIAL SUPPORT TO ELIGIBLE NOT FOR PROFIT ORGANIZATIONS. ARC ALSO WORKS WITH LOCAL BUILDING AND CONSTRUCTION TRADES COUNCILS TO HELP THEM ESTABLISH NOT FOR PROFIT ORGANIZATIONS THAT FURTHER THEIR MISSIONS OF ADVANCING PRE-APPRENTICESHIP AND JOB READINESS PROGRAMS IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Chandler President | OfficerTrustee | 1 | $0 |
Lesyllee White Vice President | OfficerTrustee | 1 | $0 |
Erica Khatchadourian Secretary/treasurer | OfficerTrustee | 1 | $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 | $4,164 |
| 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 | $4,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,398 |
| All other expenses | $0 |
| Total functional expenses | $35,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,649 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $430,649 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $430,649 |
Grants Awarded
Over the last fiscal year, American Reinvestment Company has awarded $115,724 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ALLIANCE TO END HOMELESSNESS PURPOSE: SUPPORT EFFORTS TO END HOMELESSNESS. | $2,500 |
PHOENIX FAMILY HOUSING PURPOSE: JOB TRAINING AND OTHER CRITICAL RESIDENT RESOURCES. | $10,000 |
BUILDING DETROIT FUTURES INC PURPOSE: FACILITATE THE REHABILITATION AND SALE OF ABANDONED HOMES IN DETROIT | $35,362 |
IGLESIA NUEVO AMANECER LA HERMOSA PURPOSE: SUPPORT FREE WEEKLY CHILDREN'S PROGRAMMING IN POOR NEIGHBORHOOD OF BRONX | $10,000 |
NATIONAL ALLIANCE TO END HOMELESSNESS PURPOSE: SUPPORT EFFORTS TO END HOMELESSNESS. | $2,500 |
PHOENIX FAMILY HOUSING PURPOSE: JOB TRAINING AND OTHER CRITICAL RESIDENT RESOURCES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin House Home And Community Based Services Alexandria, VA | $786,814 | $7,088,747 |
Homewood Retirement Centers Inc Williamsport, MD | $47,242,308 | $7,059,734 |
Habitat For Humanity In The Roanoke Valley Inc Roanoke, VA | $7,720,086 | $3,275,413 |
Habitat For Humanity International Inc Bridgewater, VA | $4,350,321 | $2,727,217 |
New River Valley Habitat For Humanity Inc Christiansburg, VA | $3,486,464 | $2,219,309 |
Housing Virginia Campaign Inc Richmond, VA | $863,837 | $1,072,443 |
Maryland Inclusive Housing Corporation Silver Spring, MD | $225,927 | $669,720 |
360 Community Capital Washington, DC | $2,121,370 | $2,500,000 |
Braws-Bringing Resources To Aid Womens Shelters Vienna, VA | $257,792 | $329,825 |
Garrett County Habitat For Humanity Inc Oakland, MD | $2,259,950 | $301,557 |
American Reinvestment Company Washington, DC | $430,649 | $4,164 |