Michigan Cra Association
- Assets
- $154.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belleville, MI
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 27-3593757
Organization Overview
Michigan Cra Association is located in Belleville, MI. The organization was established in 2014. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Cra Association 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, Michigan Cra Association generated $47.1k 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 (7.0%) each year. All expenses for the organization totaled $36.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S MISSION IS TO IDENTIFY THE CREDIT NEEDS OF OUR COMMUNITIES AND ACTIVELY PROMOTE EFFORTS TO MEET THE CREDIT NEEDS OF LOW- OR-MODERATE INCOME FAMILIES AND INDIVIDUALS AND TO SERVE AS THE EDUCATION BRANCH OF THE COMMUNITY REINVESTMENT ASSOCIATIONS IN VARIOUS COUNTIES IN THE STATE OF MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Franklin Treasurer | 0.25 | $0 | |
Denise Steele Board Member | 0.25 | $0 | |
Donna Steele Board Member | 0.25 | $0 | |
Marty Spencer President | 0.25 | $0 | |
Joe Kaiser Secretary | 0.25 | $0 | |
Anne Harpe Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,089 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,089 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,642 |
| Total expenses | $36,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,298 |
| Other assets | $0 |
| Total assets | $154,298 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,298 |
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