Community Reinvestment Foundation Xiv Inc
Community Reinvestment Foundation Xiv Inc consistently operates at a deficit, drawing down assets despite stable revenue.
EIN: 204067007 · Plainfield, IN · Updated: 2026-03-28
Is Community Reinvestment Foundation Xiv Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Reinvestment Foundation Xiv Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Community Reinvestment Foundation Xiv Inc
Community Reinvestment Foundation Xiv Inc (EIN: 204067007) is a nonprofit organization based in Plainfield, IN. The organization reported total revenue of $201K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Reinvestment Foundation Xiv Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Reinvestment Foundation Xiv Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $228K |
| Surplus / Deficit | $-27,071 |
| Total Assets | $1.4M |
| Total Liabilities | $28K |
| Net Assets | $1.4M |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 73.8 months |
Financial Health Grade: B
In 2024, Community Reinvestment Foundation Xiv Inc reported a deficit of $27K with expenses exceeding revenue, holds 73.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Community Reinvestment Foundation Xiv Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.9% | -9.5% | -2.1% |
| 2023 | +6.6% | +11.0% | -4.2% |
| 2022 | +4.3% | +7.2% | -2.8% |
| 2021 | +1.8% | +4.8% | -3.1% |
| 2020 | -0.4% | -7.5% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Reinvestment Foundation Xiv Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Community Reinvestment Foundation Xiv Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated through traditional means, which is a positive for donor perception regarding overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Reinvestment Foundation Xiv Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $227,701 expenses vs. $200,630 revenue in 2024.
- Declining asset base over time, from $1,887,136 in 2016 to $1,400,215 in 2024, indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment challenging.
Strengths
The following positive indicators were identified for Community Reinvestment Foundation Xiv Inc:
- High transparency regarding executive compensation, with 0% reported officer compensation across all filings.
- Relatively stable revenue stream over the past decade, generally between $160,000 and $200,000.
- Low liabilities relative to assets, indicating good debt management (e.g., $28,368 liabilities vs. $1,400,215 assets in 2024).
Frequently Asked Questions about Community Reinvestment Foundation Xiv Inc
Is Community Reinvestment Foundation Xiv Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Reinvestment Foundation Xiv Inc (EIN: 204067007) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Community Reinvestment Foundation Xiv Inc spend its money?
Community Reinvestment Foundation Xiv Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Reinvestment Foundation Xiv Inc tax-deductible?
Community Reinvestment Foundation Xiv Inc is registered as a tax-exempt nonprofit (EIN: 204067007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Community Reinvestment Foundation Xiv Inc a good charity?
The organization exhibits strong transparency regarding executive compensation (0% reported). However, consistent operating deficits (e.g., $227,701 expenses vs. $200,630 revenue in 2024) and a declining asset base raise concerns about long-term financial sustainability, making a definitive 'good' or 'bad' assessment difficult without more program-specific details.
Why are the assets declining?
Assets have been declining consistently, from $1,887,136 in 2016 to $1,400,215 in 2024, primarily because the organization's expenses have regularly exceeded its revenue. For instance, in 2024, expenses were $227,701 while revenue was $200,630, indicating they are using reserves to cover operational shortfalls.
What is the organization's primary source of funding?
The provided data only shows total revenue, which has been stable around $160,000-$200,000 annually. Without a detailed breakdown of revenue sources (e.g., donations, grants, program service fees), the primary source of funding cannot be determined from this data.
Filing History
IRS 990 filing history for Community Reinvestment Foundation Xiv Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Community Reinvestment Foundation Xiv Inc's revenue has grown by 37.5%, moving from $146K to $201K. Total assets decreased by 26.4% over the same period, from $1.9M to $1.4M. Total functional expenses rose by 36.7%, from $167K to $228K. In its most recent filing year (2024), Community Reinvestment Foundation Xiv Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $28K in liabilities against $1.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $201K | $228K | $1.4M | $28K | — | — |
| 2023 | $184K | $252K | $1.4M | $32K | — | — |
| 2022 | $173K | $227K | $1.5M | $27K | — | View 990 |
| 2021 | $166K | $211K | $1.5M | $17K | — | — |
| 2020 | $163K | $202K | $1.6M | $20K | — | View 990 |
| 2019 | $164K | $218K | $1.6M | $42K | — | View 990 |
| 2018 | $162K | $204K | $1.7M | $54K | — | View 990 |
| 2017 | $165K | $330K | $1.9M | $170K | — | View 990 |
| 2016 | $163K | $167K | $1.9M | $22K | — | View 990 |
| 2015 | $163K | $167K | $1.9M | $13K | — | View 990 |
| 2014 | $166K | $161K | $1.9M | $13K | — | View 990 |
| 2013 | $158K | $171K | $1.9M | $22K | — | View 990 |
| 2012 | $146K | $167K | $1.9M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $201K, expenses of $228K, and assets of $1.4M (revenue +8.9% year-over-year).
- 2023: Revenue of $184K, expenses of $252K, and assets of $1.4M (revenue +6.6% year-over-year).
- 2022: Revenue of $173K, expenses of $227K, and assets of $1.5M (revenue +4.3% year-over-year).
- 2021: Revenue of $166K, expenses of $211K, and assets of $1.5M (revenue +1.8% year-over-year).
- 2020: Revenue of $163K, expenses of $202K, and assets of $1.6M (revenue -0.4% year-over-year).
- 2019: Revenue of $164K, expenses of $218K, and assets of $1.6M (revenue +1.0% year-over-year).
- 2018: Revenue of $162K, expenses of $204K, and assets of $1.7M (revenue -2.0% year-over-year).
- 2017: Revenue of $165K, expenses of $330K, and assets of $1.9M (revenue +1.1% year-over-year).
- 2016: Revenue of $163K, expenses of $167K, and assets of $1.9M (revenue +0.5% year-over-year).
- 2015: Revenue of $163K, expenses of $167K, and assets of $1.9M (revenue -2.0% year-over-year).
- 2014: Revenue of $166K, expenses of $161K, and assets of $1.9M (revenue +4.7% year-over-year).
- 2013: Revenue of $158K, expenses of $171K, and assets of $1.9M (revenue +8.5% year-over-year).
- 2012: Revenue of $146K, expenses of $167K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Community Reinvestment Foundation Xiv Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.