Community Reinvestment Foundation Xv Inc
Community Reinvestment Foundation Xv Inc consistently operates at a deficit, drawing down assets over the past decade.
EIN: 204067142 · Plainfield, IN · Updated: 2026-03-28
Is Community Reinvestment Foundation Xv 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 Xv Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Reinvestment Foundation Xv Inc
Community Reinvestment Foundation Xv Inc (EIN: 204067142) is a nonprofit organization based in Plainfield, IN. The organization reported total revenue of $162K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Reinvestment Foundation Xv Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Reinvestment Foundation Xv Inc is a small nonprofit that has been operating for 3 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $211K |
| Surplus / Deficit | $-49,291 |
| Total Assets | $1.1M |
| Total Liabilities | $112K |
| Net Assets | $951K |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 60.4 months |
Financial Health Grade: B
In 2024, Community Reinvestment Foundation Xv Inc reported a deficit of $49K with expenses exceeding revenue, holds 60.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Community Reinvestment Foundation Xv Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.6% | +2.9% | -5.3% |
| 2023 | +3.2% | -7.2% | -3.0% |
| 2022 | -3.1% | +26.6% | -4.3% |
| 2021 | +7.0% | +2.0% | -1.2% |
| 2020 | -1.8% | -9.0% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Xv 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Community Reinvestment Foundation Xv Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers receive compensation, which is highly favorable for resource allocation to the organization's mission.
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 Xv Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported period.
- Declining asset base over the past decade, from $1,360,403 in 2015 to $1,063,049 in 2024.
Strengths
The following positive indicators were identified for Community Reinvestment Foundation Xv Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Consistent revenue generation, albeit insufficient to cover expenses, showing a stable funding base.
Frequently Asked Questions about Community Reinvestment Foundation Xv Inc
Is Community Reinvestment Foundation Xv Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Reinvestment Foundation Xv Inc (EIN: 204067142) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Community Reinvestment Foundation Xv Inc spend its money?
Community Reinvestment Foundation Xv Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Reinvestment Foundation Xv Inc tax-deductible?
Community Reinvestment Foundation Xv Inc is registered as a tax-exempt nonprofit (EIN: 204067142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Community Reinvestment Foundation Xv Inc financially sustainable?
The organization has consistently spent more than it earns, leading to a decline in assets from $1,360,403 in 2015 to $1,063,049 in 2024. This trend suggests potential long-term sustainability challenges if not addressed.
How does the lack of officer compensation impact the organization?
The 0% officer compensation reported across all filings means that all available funds are directed towards programs, administration, and fundraising, rather than executive salaries, which is a positive indicator of resource efficiency.
What is the trend in the organization's assets?
The organization's assets have steadily decreased over the past decade, from $1,360,403 in 2015 to $1,063,049 in 2024, likely due to consistent operational deficits.
Filing History
IRS 990 filing history for Community Reinvestment Foundation Xv Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Community Reinvestment Foundation Xv Inc's revenue has grown by 37.7%, moving from $118K to $162K. Total assets decreased by 30.9% over the same period, from $1.5M to $1.1M. Total functional expenses rose by 49.8%, from $141K to $211K. In its most recent filing year (2024), Community Reinvestment Foundation Xv Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $112K in liabilities against $1.1M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $951K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $162K | $211K | $1.1M | $112K | — | — |
| 2023 | $161K | $205K | $1.1M | $122K | — | — |
| 2022 | $156K | $221K | $1.2M | $112K | — | View 990 |
| 2021 | $161K | $175K | $1.2M | $99K | — | — |
| 2020 | $150K | $171K | $1.2M | $101K | — | View 990 |
| 2019 | $153K | $188K | $1.2M | $86K | — | View 990 |
| 2018 | $148K | $175K | $1.3M | $81K | — | View 990 |
| 2017 | $135K | $166K | $1.3M | $102K | — | View 990 |
| 2016 | $128K | $154K | $1.3M | $108K | — | View 990 |
| 2015 | $119K | $142K | $1.4M | $97K | — | View 990 |
| 2014 | $93K | $132K | $1.4M | $84K | — | View 990 |
| 2013 | $109K | $152K | $1.5M | $133K | — | View 990 |
| 2012 | $117K | $176K | $1.5M | $124K | — | View 990 |
| 2011 | $118K | $141K | $1.5M | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $162K, expenses of $211K, and assets of $1.1M (revenue +0.6% year-over-year).
- 2023: Revenue of $161K, expenses of $205K, and assets of $1.1M (revenue +3.2% year-over-year).
- 2022: Revenue of $156K, expenses of $221K, and assets of $1.2M (revenue -3.1% year-over-year).
- 2021: Revenue of $161K, expenses of $175K, and assets of $1.2M (revenue +7.0% year-over-year).
- 2020: Revenue of $150K, expenses of $171K, and assets of $1.2M (revenue -1.8% year-over-year).
- 2019: Revenue of $153K, expenses of $188K, and assets of $1.2M (revenue +3.8% year-over-year).
- 2018: Revenue of $148K, expenses of $175K, and assets of $1.3M (revenue +9.6% year-over-year).
- 2017: Revenue of $135K, expenses of $166K, and assets of $1.3M (revenue +4.8% year-over-year).
- 2016: Revenue of $128K, expenses of $154K, and assets of $1.3M (revenue +7.6% year-over-year).
- 2015: Revenue of $119K, expenses of $142K, and assets of $1.4M (revenue +28.8% year-over-year).
- 2014: Revenue of $93K, expenses of $132K, and assets of $1.4M (revenue -14.8% year-over-year).
- 2013: Revenue of $109K, expenses of $152K, and assets of $1.5M (revenue -6.7% year-over-year).
- 2012: Revenue of $117K, expenses of $176K, and assets of $1.5M (revenue -0.8% year-over-year).
- 2011: Revenue of $118K, expenses of $141K, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Community Reinvestment Foundation Xv 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.