CRF Affordable Housing Inc

Analysis

CRF Affordable Housing Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, CRF Affordable Housing Inc reported income of $26.4m and spending of $21.8m, spending 83% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $6.2m to $26.4m (+327%), an average of +44% a year. The sharpest change came in the year to March 2022, when income rose by 811%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CRF Affordable Housing Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include The Arc Morris County Chapter NJ Inc ($26.4m), Palmer House Inc ($26.5m) and Elevate Housing Foundation ($26.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.4% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $396k (1.8% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $92.9m against liabilities of $13.3m, net assets of $79.6m. It reported 43 employees.