COMMUNITY REINVESTMENT FUND INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: COMMUNITY REINVESTMENT FUND INC (EIN 41-1616861)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-02-22
IRS object ID: 201130539349300508
Schema version: 2009v1.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-02-22T16:12:48-06:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Grant Thornton LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	500 US BANK PLAZA N 200 S 6TH ST	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	554021459	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	411616861	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	COMMUNITY REINVESTMENT FUND INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	COMM	NameControl
Phone	6123383050	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	801 NICOLLET MALL	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	554022903	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Scott Young	Name
Title	Chief Financial Officer	Title
Phone	6123052565	Phone
Date Signed	2011-02-22	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	6123320001	Phone

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FRANK ALTMAN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	801 NICOLLET SUITE 1700 W	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55402	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	39448380	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.CRFUSA.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1988	YearFormation
State Legal Domicile	MN	StateLegalDomicile
Activity Or Mission Description	WORK WITH LOCAL DEVELOPMENT LENDERS TO ENABLE THEM TO INCREASE THEIR IMPACT ON THE LIVES OF PEOPLE AND THEIR COMMUNITIES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	21	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	20	NbrIndependentVotingMembers
Total Nbr Employees	30	TotalNbrEmployees
Total Nbr Volunteers	2	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	1204500	ContributionsGrantsPriorYear
Contributions Grants Current Year	1551260	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	8163237	ProgramServiceRevenuePriorYear
Program Service Revenue CY	17086278	ProgramServiceRevenueCY
Investment Income Prior Year	27150620	InvestmentIncomePriorYear
Investment Income Current Year	20210111	InvestmentIncomeCurrentYear
Other Revenue Prior Year	153807	OtherRevenuePriorYear
Other Revenue Current Year	600731	OtherRevenueCurrentYear
Total Revenue Prior Year	36672164	TotalRevenuePriorYear
Total Revenue Current Year	39448380	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4317151	SalariesEtcPriorYear
Salaries Etc Current Year	4498946	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	31419949	OtherExpensePriorYear
Other Expenses Current Year	36206487	OtherExpensesCurrentYear
Total Expenses Prior Year	35737100	TotalExpensesPriorYear
Total Expenses Current Year	40705433	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	935064	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1257053	RevenuesLessExpensesCY
Total Assets BOY	387509555	TotalAssetsBOY
Total Assets EOY	351674563	TotalAssetsEOY
Total Liabilities BOY	386763512	TotalLiabilitiesBOY
Total Liabilities EOY	352185579	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	746043	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-511016	NetAssetsOrFundBalancesEOY
Mission Description	SEE SCHEDULE O.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2005955	Expense
Revenue	4895573	Revenue
Description	SEE SCHEDULE O.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	1297522	Expense
Revenue	1183113	Revenue
Description	SEE SCHEDULE O.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	34651046	TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev	11007592	TotalOfOtherProgramServiceRev
Total Program Service Expense	37954523	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Balance Sheet Amounts Reported	true	BalanceSheetAmountsReported
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	true	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	29	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	30	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Nbr Voting Governing Body Members	21	NbrVotingGoverningBodyMembers
Number Independent Voting Members	20	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DEBRA MOUNSEY	NamePerson
Telephone Number	6123052062	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	801 NICOLLET SUITE 1700 W	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55402	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (24 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
FRANK ALTMAN
CEO	40.0	X	X	419548	0	17357
JAMES J SOLEM
CHAIRMAN	1.0	X	X
KIM LATIMER-NELLIGAN
VICE-CHAIR	1.0	X	X
MARY KAISER
DIRECTOR	1.0	X
ALTON M BATHRICK
TREASURER	1.0	X	X
REZA AGHAMIRZADEH
DIRECTOR	1.0	X
JIM BAIRD
DIRECTOR	1.0	X
FRANK BALLESTEROS
DIRECTOR	1.0	X
MICHAEL BANNER
DIRECTOR	1.0	X
TONY BROWN
DIRECTOR	1.0	X
ANN DONOVAN
DIRECTOR	1.0	X
KARL EGGE
DIRECTOR	1.0	X
WARREN HANSON
DIRECTOR	1.0	X
JAMES R KLEIN
DIRECTOR	1.0	X
KRISTEN MOY
DIRECTOR	1.0	X
DAVID SCHECK
DIRECTOR	1.0	X
GERALD THOLE
DIRECTOR	1.0	X
SCOTT YOUNG
VICE PRESIDENT - CFO	40.0		X	375074	0	25083
RICHARD HEBL
VICE PRESIDENT	40.0			161267	0	11608	X
WARREN McLEAN
VICE PRESIDENT	40.0			177002	0	14902	X
COLLEEN SCHWARZ
VICE PRESIDENT	40.0			234474	0	15808	X
DAN KOMAREK
CHIEF CREDIT OFFICER	40.0			163194	0	21841		X
JENNIFER NOVAK
DIRECTOR OF CAPITAL MARKETS	40.0			145819	0	24498		X
DAWN JOHNSON
DIRECTOR OF ASSET MANAGEMENT	40.0			149474	0	15549		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1825852	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	146646	TotalOtherCompensation
Number Individuals GT100 K	8	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
PERKINS COIE
131 S DEARBORN ST	CHICAGO	IL	60609	LEGAL	545227
GRANT THORNTON
200 S 6TH ST	MINNEAPOLIS	MN	55402	ACCOUNTING	208475

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
All Other Contributions	1551260	AllOtherContributions
Total Contributions	1551260	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
LOAN SERVICING AND	525990	17086278	17086278
MANAGEMENT FEES

Field	Value	IRS element (for citing)
Total Program Service Revenue	17086278	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	20210111	TotalRevenueColumn
Exclusion	$20,210,111	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Business Code	525990	BusinessCode
Total Revenue Column	600731	TotalRevenueColumn
Related Or Exempt Function Income	600731	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	600731	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	39448380	TotalRevenueColumn
Related Or Exempt Function Income	17687009	RelatedOrExemptFunctionIncome
Exclusion	$20,210,111	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1544738	Total
Program Services	1121319	ProgramServices
Management And General	423419	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2280939	Total
Program Services	1493670	ProgramServices
Management And General	787269	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	122888	Total
Program Services	84126	ProgramServices
Management And General	38762	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	295786	Total
Program Services	223052	ProgramServices
Management And General	72734	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	254595	Total
Program Services	186608	ProgramServices
Management And General	67987	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	261836	Total
Management And General	261836	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	262893	Total
Management And General	262893	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	779283	Total
Program Services	491185	ProgramServices
Management And General	288098	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	158595	Total
Program Services	107636	ProgramServices
Management And General	50959	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	491773	Total
Program Services	320167	ProgramServices
Management And General	171606	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	108745	Total
Program Services	95836	ProgramServices
Management And General	12909	ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	70858	Total
Program Services	23707	ProgramServices
Management And General	47151	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	19307237	Total
Program Services	19307237	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	441290	Total
Program Services	280551	ProgramServices
Management And General	160739	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	0	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
PROVISION FOR LOAN LOSSES	13929965	13929965
ORGANIZATION COSTS	125228	125228
EMPLOYEE OVERHEAD	40096	24880	15216
DUES/SUBSCRIPTIONS	29050		29050
MISCELLANEOUS	199638	139356	60282

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	40705433	Total
Program Services	37954523	ProgramServices
Management And General	2750910	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	50	BOY
EOY	50	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	20251586	BOY
EOY	26246861	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	364883801	BOY
EOY	323202363	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2664488	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2117731	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	782880	BOY
EOY	546757	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1591238	BOY
EOY	1678532	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	387509555	BOY
EOY	351674563	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6778590	BOY
EOY	4363294	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
EOY	2025106	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	340275572	BOY
EOY	311120690	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	39709350	BOY
EOY	34676489	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	386763512	BOY
EOY	352185579	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7870	BOY
EOY	-1757189	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	738173	BOY
EOY	1246173	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	746043	BOY
EOY	-511016	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	387509555	BOY
EOY	351674563	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	X	SupportingOrganization509a3
Supporting Org509a3 Type2	X	SupportingOrg509a3Type2

Supported Org Information SupportedOrgInformation (11 entries)

EINEIN	Type Of OrganizationTypeOfOrganization	Listed In Governing DocListedInGoverningDoc	AmountAmount
LOW INCOME INVESTMENT FUND
942952578	07	false	$0
CALIFORNIA COMMUNITY REINVESTMENT CORPORATION
954207717	09	false	$0
BAY AREA DEVELOPMENT COMPANY
953457545	0	false	$0
LOS ANGELES LOCAL DEVELOPMENT CORPORATION
953532380	09	false	$0
CITY OF MPLS COMMUNITY PLANNING & ECONOMIC DEVELOPMENT DEPT
000000000	0	false	$207,500
NCB CAPITAL IMPACT
521290127	07	false	$0
FORWARD COMMUNITY INVESTMENTS
391815578	07	false	$0
GREATER MINNESOTA HOUSING FUND
411836919	0	false	$0
CHICAGO COMMUNITY LOAN FUND
363762123	07	false	$0
OHIO COMMUNITY DEVELOPMENT FINANCE FUND
311229532	07	false	$0
UNIVERSITY VENTURES INC
000000000	0	false	$0

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	11	TotalNumberOfSupportedOrgs
Sum Of Amounts	207500	SumOfAmounts

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Land		Land
Buildings		Buildings
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2664488	OtherCostOrOtherBasis
Depreciation	2117731	Depreciation
Book Value	546757	BookValue

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildings
Total Of Book Value Land Buildings	546757	TotalOfBookValueLandBuildings

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	SCHEDULE D: ESCROW, CUSTODIAL	Identifier
Return Reference	ESCROW LIABILITY ON BALANCE SHEET	ReturnReference
Explanation	REPRESENTS FUNDS HELD IN TRUST FOR BORROWERS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs
FRANK ALTMAN
266932	0	141616	11000	10844	6513	436905	0
RICHARD HEBL
145086	0	9155	7026	7026	4582	172875	0
SCOTT YOUNG
231284	0	127290	16500	14588	10495	400157	0
WARREN McLEAN
150341	0	15261	11400	7510	7392	191904	0
COLLEEN SCHWARZ
196959	0	21015	16500	9555	6253	250282	0
DAN KOMAREK
132994	0	8200	22000	8200	13641	185035	0
JENNIFER NOVAK
104189	0	25130	16500	7752	16746	170317	0
DAWN JOHNSON
110742	0	22232	16500	7662	7887	165023	0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
PART III: STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS	LINE 1: BREIFLY DESCRIBE THE ORGANIZATION'S MISSION	TO TRANSFORM THE COMMUNITY DEVELOPMENT FINANCE SYSTEM BY ACCESSING CAPITAL MARKETS ON BEHALF OF LOCAL DEVELOPMENT LENDERS TO ENABLE THEM TO INCREASE THEIR IMPACT ON THE LIVES OF PEOPLE AND THEIR COMMUNITIES.
PART III: STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS	LINE 4A: PROGRAM SERVICE ACTIVITY 1	AS A NON-PROFIT, MISSION DRIVEN ORGANIZATION, CRF PROVIDES OTHERWISE UNAVAILABLE LOAN CAPITAL TO COMMUNITIES, SMALL BUSINESSES, ENTREPRENEURS, NON-PROFIT ORGANIZATIONS AND HOUSING ORGANIZATIONS. DURING FY 2010, CRF PURCHASED 24 COMMUNITY DEVELOPMENT LOANS FOR A TOTAL OF $164.4 MILLION IN PARTNERSHIP WITH 3 LOCAL LENDING PARTNERS, IN EIGHT STATES. CUMULATIVE FY 10 LOAN PURCHASES REACHED $207,500 FOR NON-NEW MARKETS TAX CREDIT ACTIVITY AND $164.1 MILLION FOR NEW MARKETS TAX CREDIT LOANS. THE LOANS PROVIDED BY CRF RESULTED IN THE CREATION OR RETENTION OF MORE THAN 1,222 FULL-TIME SUSTAINABLE JOBS, 628 OF WHICH BELONGED TO FEMALE OR MINORITY WORKERS. ADDITIONALLY, 550 FULL-TIME CONSTRUCTION POSITIONS WERE CREATED DUE TO PROJECTS FUNDED BY CRF. CRF LENDING ALSO PROVIDED FOUR NON-PROFIT ORGANIZATIONS WITH THE RESOURCES THEY NEEDED TO IMPROVE THEIR COMMUNITY FACILITIES. PROVIDING LOAN CAPITAL IN UNDERSERVED COMMUNITIES IS ANOTHER WAY CRF FURTHERS ITS MISSION, AND DURING FY 10, EVERY LOAN PROVIDED BY CRF WAS FOR A BUSINESS OR ORGANIZATION LOCATED IN LOW-INCOME COMMUNITIES.
PART III: STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS	LINE 4B: PROGRAM SERVICE ACTIVITY 2	CRF IS AN ACTIVE FANNIE MAE SERVICER AND IS THE ONLY NONPROFIT SERVICER IN THE COUNTRY RATED BY STANDARD AND POOR'S. AS AN EXPERIENCED, MISSION-DRIVEN ORGANIZATION, CRF SPECIALIZES IN CUSTOMIZED PROJECTS FOR NON-TRADITIONAL PORTFOLIOS AND ORGANIZATIONS. DURING FY 10, CRF PROVIDED CONTRACT LOAN SERVICING FOR 38 COMMUNITY DEVELOPMENT LENDERS, A VOLUME OF APPROXIMATELY 4,950 LOANS AMOUNTING TO $92,900,000. IN ADDITION, CRF SERVICED APPROXIMATELY 780 ECONOMIC DEVELOPMENT AND AFFORDABLE HOUSING LOANS PURCHASED FROM LOCAL COMMUNITY DEVELOPMENT LENDERS AND PLACED INTO SECURITIZATIONS AND STRUCTURED TRANSACTIONS, THEREBY FREEING UP CAPITAL FOR RE-USE BY THE LOCAL ORGANIZATIONS. ALSO DURING FY 10, CRF PROVIDED SERVICING FOR EIGHT HIGH RISK LOANS ON FORMERLY FORECLOSED HOMES THROUGH A COLLABORATIVE PROGRAM IN MINNEAPOLIS AND ST. PAUL, MN.
PART VI: GOVERNANCE, MANAGEMENT & DISCLOSURE	SECTION A: GOVERNING BODY & MANAGEMENT LINE 11	THE 990 IS REVIEWED BY SENIOR MANAGEMENT AND DISTRIBUTED TO THE BOARD'S FINANCE AND EXECUTIVE COMMITTEE BEFORE FILING WITH THE IRS.
PART VI: GOVERNANCE, MANAGEMENT & DISCLOSURE	SECTION B: POLICIES: LINE 12(C)	EMPLOYEES, OFFICERS, DIRECTORS OR TRUSTEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT EMPLOYEES, OFFICERS, DIRECTORS OR TRUSTEES CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. IT IS CRF'S POLICY TO REQUIRE OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES TO DISCLOSE ON AN ANNUAL BASIS ANY ACTIVITY THAT COULD POTENTIALLY BE A CONFLICT OF INTEREST.
PART VI: GOVERNANCE, MANAGEMENT & DISCLOSURE	SECTION B: POLICIES: LINE 15	THE BOARD DETERMINES COMPENSATION BASED ON A STUDY PERFORMED IN 2007 FROM WHICH AN INCENTIVE BONUS STRUCTURE WAS IMPLEMENTED. OTHER OFFICERS RECEIVE MERIT BASED RAISES AND BONUSES.
PART VI: GOVERNANCE, MANAGEMENT & DISCLOSURE	SECTION C: DISCLOSURE: LINE 17	STATES WITH WHICH A COPY OF THIS FORM 990 IS REQUIRED TO BE FILED: AL, AK, AZ, AR, CA, CO, CT, DC, FL, GA, HI, IL, KS, KY, ME, MD, MA, MI, MN, MS, NH, NJ, NM, NY, NC, ND, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI.
PART VI: GOVERNANCE, MANAGEMENT & DISCLOSURE	SECTION C: DISCLOSURE: LINE 19	AVAILABLE UPON REQUEST.
SCHEDULE A, PART 1, 11(h)	SUPPORTED ORGANIZATIONS	CRF IS A NOT-FOR-PROFIT FINANCIAL SERVICES CORPORATION THAT PROVIDES NEW LOAN CAPITAL FOR COMMUNITY BASED DEVELOPMENT ORGANIZATIONS (I.E. 501 (C) (3) ENTITIES) AND GOVERNMENTAL ENTITIES. CRF SUPPORTS A CLASS OF BENEFICIARY ORGANIZATIONS THAT INCLUDE SECTION 501(C)(3) LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS (SECTION 170(B) (1) (A) (VI) ORGANIZATIONS) AND UNITS OF FEDERAL, STATE, COUNTY OR MUNICIPAL GOVERNMENT, OR DULY CONSTITUTED AGENCIES THEREOF (SECTION 170(B) (1) (A) (V) ORGANIZATIONS) THAT FOCUS THEIR LENDING ACTIVITIES AT ECONOMICALLY DISTRESSED OR DECLINING AREAS, DISADVANTAGED PERSONS, NEIGHBORHOOD OR COMMUNITY REVITALIZATION, OR OTHER SECTION 501(C) (3) CHARITABLE PURPOSES.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (21 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Total IncomeTotalIncome	EOY AssetsEOYAssets	Business Name Line1DirectControllingEntityName/BusinessNameLine1
CRF Affordable Housing No1
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	8685	15171202	CRF Inc
CRF Affordable Housing No 2
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-67275	59689589	CRF Inc
CRF Affordable Housing No 3
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	9296	67754002	CRF Inc
CRF 15 LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	220989	5641330	CRF Inc
CRF 16 LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-49544	12547359	CRF Inc
CRF 17 LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-691263	15769990	CRF Inc
CRF 18 LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-957938	20043898	CRF Inc
CRF 19 LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-5161881	50190773	CRF Inc
ML BLC LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	260447317	Comm Dvlpmnt	MN	503746	28802325	CRF Inc
BLC WCDE
801 Nicollet Mall 1700W	Minneapolis	MN	55402	208144359	Comm Dvlpmnt	MN	-4160919	15101896	CRF Inc
NNMTCF 1 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-483	15097	CRF Inc
NNMTCF 2 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-2210	29459	CRF Inc
NNMTCF 3 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	142	11293	CRF Inc
NNMTCF 4 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN		70280	CRF Inc
NNMTCF 5 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	8766	52464	CRF Inc
NNMTCF 6 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	4	35754	CRF Inc
NNMTCF 7 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-83	14417	CRF Inc
NNMTCF 8 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	5744	55619	CRF Inc
NNMTCF 10 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	3865	39640	CRF Inc
NNMTCF 12 GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	2898	23765	CRF Inc
BLC Beta GP LLC
801 Nicollet Mall 1700W	Minneapolis	MN	55402	411616861	Comm Dvlpmnt	MN	-5318	684	CRF Inc

Form990 Schedule R Part II Form990ScheduleRPartII (10 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus
Low Income Investment Fund
100 Pine Street Suite 1800	San Francisco	CA	94111	942952578	Comm Dvlpmnt	CA	501(c)(3)	07
CALIFORNIA COMMUNITY REINVESTMENT CORPOR
225 W Broadway Suite 120	Glendale	CA	91204	954207717	Comm Dvlpmnt	CA	501(c)(3)	09
Bay Area Development Company
1801 Oakland Blvd Suite 100	Walnut Creek	CA	94596	953457545	Comm Dvlpmnt	CA	501(c)(4)
LOS ANGELES LOCAL DEVELOPMENT CORPORATIO
120 Wilshire Blvd No 404	Los Angeles	CA	90017	953532380	Comm Dvlpmnt	CA	501(c)(3)	09
Community Planning & Economic Developmen
105 5TH AVE S	MINNEAPOLIS	MN	55401		Comm Dvlpmnt	MN
NCB CAPITAL IMPACT
2011 Crystal Drive Suite 800	Arlington	VA	22202	521290127	Comm Dvlpmnt	DC	501(c)(3)	07
FORWARD COMMUNITY INVESTMENTS
211 S Paterson St No 160	Madison	WI	53703	391815578	Comm Dvlpmnt	WI	501(c)(3)	07
GREATER MINNESOTA HOUSING FUND
332 Minnesota Street Suite 1201E	St Paul	MN	55101	411836919	Comm Dvlpmnt	MN	509(A)(3) T
CHICAGO COMMUNITY LOAN FUND
29 E Madison No 1700	Chicago	IL	60602	363762123	Comm Dvlpmnt	IL	501(c)(3)	07
OHIO COMMUNITY DEVELOPMENT FINANCE FUND
17 South High Street Suite 900	Columbus	OH	43215	311229532	Comm Dvlpmnt	OH	501(c)(3)	07

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Type Of EntityTypeOfEntity	Percentage OwnershipPercentageOwnership	Direct Controlling Entity NADirectControllingEntityNA
The National New Market Tax Credit Fund
801 NICOLLET MALL SUITE 1700W	MINNEAPOLIS	MN	554022903	Urban Dvlpmnt	DE	CRF Inc	C Corp	1.00000
University Ventures Inc
180 University Ave	Newark	NJ	07102	Urban Dvlpmnt	NJ				N/A

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg