Crf Affordable Housing Inc
- Assets
- $87.7m
- Revenue
- $22.1m
- Investments
- $36.4m
- Employees
- 46
- Location
- Plainfield, IN
- Founding
- 03/2016
- Data as of
- 03/2023
- EIN
- 47-4379637
Organization Overview
Crf Affordable Housing Inc is located in Plainfield, IN. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Crf Affordable Housing Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crf Affordable Housing Inc 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 03/2023, Crf Affordable Housing Inc generated $22.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $17.8m during the year ending 03/2023. While expenses have increased by 41.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crf Affordable Housing Inc has awarded 31 individual grants totaling $4,616,462. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF LOW AND MODERATE INCOME PERSONS, OLDER ADULTS AND OTHER SPECIAL NEEDS POPULATIONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRF AFFORDABLE HOUSING, INC. SUPPORTS 19 LOW-INCOME HOUSING PROPERTIES BY PROVIDING OVERSIGHT OF EACH PROPERTY'S MANAGEMENT TEAM THROUGH THE DEVELOPMENT OF POLICIES AND PROCEDURES, DEVELOPMENT OF SOCIAL PROGRAMS AND SERVICES FOR THE RESIDENTS AND ENSURES COMPLIANCE WITH PROGRAM REGULATIONS AS WELL AS WITH OTHER GOVERNMENT AGENCIES TO MEET ITS CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cooper President | OfficerTrustee | 40 | $299,012 |
Tim Shrout Director | Trustee | 0 | $0 |
Tim Paino Secretary And Treasurer | OfficerTrustee | 0 | $0 |
Adam Bocik Director | Trustee | 0 | $0 |
William Tibbetts Director | Trustee | 0 | $0 |
Erik Cooper Vice President | Officer | 40 | $246,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,630,000 |
| 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 | $2,630,000 |
| Total Program Service Revenue | $7,110,883 |
| Investment income | $12,325,022 |
| 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 | $22,065,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,618,317 |
| 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. | $701,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,186,137 |
| Pension plan accruals and contributions | $62,707 |
| Other employee benefits | $480,641 |
| Payroll taxes | $541,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,971 |
| Fees for services: Accounting | $25,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,596 |
| Office expenses | $253,747 |
| Information technology | $18,513 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $40,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,688,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $233,065 |
| All other expenses | $163,988 |
| Total functional expenses | $17,777,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,697 |
| Savings and temporary cash investments | $2,316,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,206,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,974,873 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $180,933 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,049,900 |
| Investments—other securities | $36,384,739 |
| Investments—program-related | $719,399 |
| Intangible assets | $0 |
| Other assets | $1,809 |
| Total assets | $87,662,956 |
| Accounts payable and accrued expenses | $666,095 |
| 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 | $12,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,666,095 |
| Net assets without donor restrictions | $74,996,861 |
| 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 | $87,662,956 |
Grants Awarded
Over the last fiscal year, Crf Affordable Housing Inc has awarded $1,604,009 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE STONE TABLE INC PURPOSE: GENERAL SUPPORT | $1,512,516 |
BLACKBIRD MISSION PURPOSE: GENERAL SUPPORT | $25,000 |
NORTH CENTRAL UNIVERSITY PURPOSE: GENERAL SUPPORT | $10,000 |
CORNERSTONE CHRISTIAN FELLOWSHIP PURPOSE: GENERAL SUPPORT | $39,105 |
COVENANT CHRISTIAN HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $17,388 |