Community Restoration Corporation
Community Restoration Corporation
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About this organization
Mission
Working in strategic partnership with a team of local organizations, CRC acquired distressed mortgages/notes and real estate owned (REO) properties from lenders and creates community-focused disposition strategies for the assets.
About
CRC works with borrowers to successfully execute various loan modifications, settlements, repayment plans, and deed-in-lieus.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Working in strategic partnership with a team of local organizations, crc acquired distressed mortgages/notes and reo properties from lenders and creates community-focused disposition strategies for the assets. by taking a community-based approach to creating flexible options for families to preserve homeownership or pursuing expedited solutions for vacant properties causing neighborhood blight, crc is able to complement existing neighborhood stabilization efforts in communities that have been significantly impacted by foreclosures and disinvestment.”.
When referring to its actions, they were described as: “Working in strategic partnership with a team of local organizations, crc acquired distressed mortgages/notes and real estate owned (reo) properties from lenders and creates community-focused disposition strategies for the assets.”.
- According to the law, the state of operation reported by the non-profit is DE.
- As per the filing, the address of the non-profit for 2020 is 1 WASHINGTON MALL 12TH FLOOR, BOSTON, MA, 02108.
- According to their form, the non-profit as of 2020 has a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$3,767,712.
- The organization has 5 independent voting members.
- The organization was formed in 2011.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.