Community Reinvestment Foundation

What Community Reinvestment Foundation does

Community Reinvestment Foundation (CRF) is a privately held nonprofit organization founded in 1992 and headquartered in Plainfield, Indiana. It acquires, rehabilitates, and builds affordable rental apartment housing, with a stated portfolio exceeding 2,200 units across Indiana and Ohio. The organization was created by two mission-driven real estate developers who leveraged a federal government incentive program encouraging nonprofits to preserve aging affordable housing, and it directs a portion of operating surplus toward supporting schools, orphanages, and churches globally.

CRF's visible operations are concentrated under its Glasswater Creek sub-brand, which operates three senior housing and assisted living communities in Indiana — Glasswater Creek Plainfield (10480 Glasswater Ln, Indianapolis), Glasswater Creek Lafayette (208 Beck Lane, Lafayette), and Glasswater Creek Whitestown (5829 New Hope Blvd, Whitestown). Each community offers studio and one-bedroom apartments with supportive services, healthcare assistance, medication management, meals, health monitoring, and recreational amenities. On-site property management, leasing, and resident services for these communities are outsourced to two specialist third-party operators: PriorityLC (Whitestown) and Gardant (Plainfield and Lafayette).

The organization's revenue model is rental income from its affordable housing portfolio (the only disclosed revenue stream), supplemented by senior/assisted living service revenue at the Glasswater Creek communities. Distribution is direct-to-consumer: prospective residents contact property management offices or apply via the third-party management company websites. Marketing is conducted primarily through the corporate website (crf.net), which lists communities, floor plans, amenities, and contact information. The corporate team is small (1–10 employees) and led by President and Chairman Dave Cooper (cofounder), Vice President Erik Cooper, Operations Manager Ryan Ison, Office Manager Jennifer Smith, and Controller Donna Vivace, with a board that includes cofounder Tim Shrout (also President of Samaritan Companies and Cedar Run Limited), Tim Piano, Adam Bocik, and William Tibbets. Pricing is not publicly disclosed.

Name

Community Reinvestment Foundation

Legal name

Community Reinvestment Foundation, Inc.

Website

https://crf.net

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Community Reinvestment Foundation is an Indianapolis-based nonprofit founded in 1992 that develops, acquires, and rehabilitates affordable rental housing across Indiana and Ohio, with a visible portfolio of 2,200+ apartment units and three senior/assisted living communities operated under the Glasswater Creek brand.

Ownership category

akta.pro rank

Product category

Affordable Senior Housing and Assisted Living

NAICS

Continuing Care Retirement Communities (623311), Civic and Social Organizations (81341)

SIC

Services-Social Services (8300), Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

Keywords

• Affordable housing
• Senior assisted living
• Rental property management
• Nonprofit housing development
• Property leasing services

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Rental Income from Affordable Housing Properties: CRF generates revenue through rental income from its portfolio of over 2,200 affordable apartment units across Indiana and Ohio. The organization acquires, rehabilitates, and builds affordable housing properties and earns rental income from tenants in these communities.

Distribution channels1 record

Marketing channels2 records

Core offering

Community Reinvestment Foundation is a nonprofit organization that acquires, rehabilitates, and builds affordable housing properties. It operates more than 2,200 affordable apartment units across Indiana and Ohio, with its visible portfolio centered on three Glasswater Creek senior housing and assisted living communities in Plainfield, Lafayette, and Whitestown, Indiana. The organization earns rental income from these properties and contracts with third-party property managers (PriorityLC, Gardant) to operate day-to-day leasing and resident services.

Product overview

Community Reinvestment Foundation (CRF) operates a portfolio of affordable senior housing and assisted living communities under the Glasswater Creek brand. The company offers three distinct property locations in Indiana—Plainfield, Lafayette, and Whitestown—each providing studio and one-bedroom apartments with comprehensive supportive services, healthcare assistance, and amenities for seniors. All communities are designed as affordable assisted lifestyle communities offering meals, medication assistance, health monitoring, and recreational activities.

Differentiator

Problem solved

Functional benefit

Brands

• Glasswater Creek: Brand name for affordable assisted lifestyle communities offering senior housing and assisted living with supportive services and healthcare.
• Samaritan Companies

Products and services

• Glasswater Creek Plainfield Affordable senior housing and assisted living community operated by Community Reinvestment Foundation under the Glasswater Creek brand. Offers studio and one-bedroom apartments with supportive services and healthcare, located at 10480 Glasswater Ln, Indianapolis, IN 46231. Managed by Gardant.
• Glasswater Creek Lafayette Affordable senior housing and assisted living community operated by Community Reinvestment Foundation under the Glasswater Creek brand. Offers studio and one-bedroom apartments with supportive services and healthcare, located at 208 Beck Lane, Lafayette, IN 47909. Managed by Gardant.
• Glasswater Creek Whitestown Affordable senior housing and assisted living community operated by Community Reinvestment Foundation under the Glasswater Creek brand. Offers studio and one-bedroom apartments with supportive services and healthcare, located at 5829 New Hope Blvd, Whitestown, IN 46075. Managed by PriorityLC.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• PriorityLC (Property Management)coreChannel Partner/ Reseller/ DistributorPriorityLC manages the Glasswater Creek Whitestown property, providing on-site property management, leasing, and resident services for this community.
• Gardant (Property Management)coreChannel Partner/ Reseller/ DistributorGardant manages the Glasswater Creek Plainfield and Glasswater Creek Lafayette properties, providing professional property management, leasing, and resident services for these assisted living communities.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Brookdale Senior Living: Large public senior living operator offering independent living, assisted living, and memory care across the U.S. Comparable to CRF's Glasswater Creek assisted living communities, though as a for-profit incumbent operating across the full acuity spectrum.
• Atria Senior Living: National operator of senior living communities including assisted living. Overlaps with CRF's Glasswater Creek assisted living product offering, though Atria operates as a scaled for-profit incumbent across many states.
• Volunteers of America: Large national nonprofit that operates affordable and supportive housing, including senior and assisted living communities. Comparable to CRF in mission-driven affordable senior housing, but at a much larger organizational scale.
• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing, with significant programmatic, lending, and policy activity. Comparable to CRF as a large-scale, mission-driven nonprofit housing provider, but with much broader capabilities including lending and policy advocacy.

Direct peers

• Lutheran Life Villages / Lutheran Senior Services: Faith-based nonprofit operator of affordable senior housing and assisted living, particularly in the Midwest. Comparable to CRF's faith-rooted, mission-driven approach to affordable senior housing.
• Preservation of Affordable Housing (POAH): Nonprofit focused on preserving and operating affordable rental housing across the U.S. Directly comparable to CRF's core activity of acquiring, rehabilitating, and operating affordable housing stock, including multifamily and senior properties.
• Mercy Housing: One of the largest nonprofit affordable housing organizations in the U.S., operating affordable rental and senior housing across multiple states. Directly comparable to CRF in mission-driven nonprofit affordable housing model, though at significantly greater scale.
• National Church Residences: Nonprofit organization providing affordable senior housing and services nationwide. Directly comparable to CRF's senior housing/assisted living focus under the Glasswater Creek brand.

Others

• Gardant Management Solutions: Third-party operator of assisted living and senior housing communities, including managing two of CRF's Glasswater Creek properties (Plainfield and Lafayette). Comparable as an ecosystem participant and operational partner enabling CRF's asset-light model.
• Cedar Run Companies: Affiliated entity led by CRF cofounder Tim Shrout, focused on real estate and development in Indiana. Operates in the same geographic and sector space as CRF and is materially connected through shared leadership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CRFINC
• LinkedInlinkedin.com/company/community-reinvestment-foundation-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Reinvestment Foundation