Community Reinvestment Foundation Inc

Organization Overview

Community Reinvestment Foundation Inc, operating under the name Blueridge Terrace Apartments, is located in Plainfield, IN. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Blueridge Terrace Apartments employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Blueridge Terrace Apartments 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 03/2022, Blueridge Terrace Apartments generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $5.9m during the year ending 03/2022. While expenses have increased by 34.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS. OWN AND OPERATE A 96 UNIT APARTMENT COMMUNITY IN SHELBYVILLE, INDIANA PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS. COMMUNITY REINVESTMENT FOUNDATION IV, INC. OPERATES A 96 UNIT APARTMENT COMMUNITY LOCATED IN SHELBYVILLE, INDIANA. THE RENTS CHARGED TO LOW INCOME PERSONS ARE SUBSIDIZED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
David Cooper
President
$0
Tim Paino
Secretary And Treasurer
$0
Tim Shrout
Director
$0
Adam Bocik
Director
$0
William Tibbets
Director
$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$514,034
Investment income $2,996
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,942,806
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,459,836

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