COMMUNITY REINVESTMENT FUND INC

MINNEAPOLIS, MN | Hennepin County
Community Services

Overview

COMMUNITY REINVESTMENT FUND INC
41-1616861
801 NICOLLET MALL STE 1700W
MINNEAPOLIS, MN 55402
Hennepin County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
400
Area development, redevelopment of renewal
402
Other activity aimed at combating community deterioration
405
Loans or grants for minority businesses
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$700,000
CDFI Financial Assistance
2017
$686,500
CDFI Financial Assistance
2016
$1,400,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2008

$6,250,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$53.1M
Revenue
$53.1M
Assets
$272.4M
Exempt Ruling Date info
1989-03
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
WV
Basis for Foundation/Public Charity Status info
Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above 509(a)(3)

Nonprofit Location

Physical Address info
801 NICOLLET MALL STE 1700W
MINNEAPOLIS, MN 55402
Hennepin County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
33460
MSA/MD info
27
State info
053
County info
1044.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
33460 - Minneapolis-St. Paul-Bloomington, MN-WI
Combined Statistical Area info
378 - Minneapolis-St. Paul, MN-WI
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 49.57%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
1044.00 Hennepin County
Population
Total Population 2,576 1,255,296
Total Households 1,217 513,892
Income
Median Family Income (Census*) $125,139 $81,169
Median Family Income (2022 FFIEC est.) $117,800 N/A
Tract Income Percentage 120.35% N/A
Below Poverty Level 30.9% 10.2%
Unemployment Level 7.0% 4.0%
Housing
Total Housing Units 1,432 539,223
Total Owner-Occupied Units 8.3% 62.5%
Total Renter-Occupied Units 76.7% 37.5%
Total Vacant Units 15.0% 4.4%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

14
Total Voting Members
in Governing Body
info
13
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Jennifer Anderson
President & CFO
(612) 338-3050
Principal Officer info
Frank Altman
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.