Justine Petersen Housing & Reinvestment Corp
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Justine Petersen Housing & Reinvestment Corp meets the 20 Standards for Charity Accountability.
Stated Purpose:
"To connect institutional resources to the needs of low- and moderate-income families in order to build assets and create enduring change."
Year, State Incorporated:
1996, MO
Also Known As:
Great Rivers Community Capital, Great Rivers Community Trust, Justine Petersen
Since inception in 1997, Justine PETERSEN has counseled over 41,000 individuals on credit building strategies; assisted over 6,000 in purchasing homes; originated $286.2M in micro-loans to over 13,000 micro-enterprises, creating over 29,000 jobs; and originated $11.6M in consumer loans to over 11,000 individuals.
For the year ended December 31, 2024, Justine Petersen Housing & Reinvestment Corp's program expenses were:
| Economic Development | $12,363,014 |
| Housing | $3,005,727 |
| Savings | $213,207 |
| Total Program Expenses | $15,581,948 |
Chief Executive
Robert Boyle, Founder/CEO
Compensation*
$205,636
Chair of the Board
Rochelle Bea
Chair's Profession / Business Affiliation
Beginning Futures LLC
Board Size
12
Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Justine Petersen Housing & Reinvestment Corp's audited financial statements - consolidated for the year ended December 31, 2024.
Source of Funds
| Contributions and Grants | $8,700,499 |
| Interest | $4,387,207 |
| Loan and Administrative Fees | $3,312,119 |
| Rental Income | $735,390 |
| Miscellaneous | $138,631 |
| Gain on Disposal of Assets | $17,930 |
| Credit Reporting Fees | $9,123 |
| Contributed Nonfinancial Assets | $1,725 |
| Total Income | $17,302,624 |
Programs: 95% Fundraising: 2% Administrative: 4%
| Total Income | $17,302,624 |
| Total expenses: | $16,389,357 |
| Program expenses | $15,581,948 |
| Fundraising expenses | $269,981 |
| Administrative expenses | $681,442 |
| Other expenses | $-144,014 |
| Income in Excess of Expenses | $913,267 |
| Beginning Net Assets | $25,917,858 |
| Other Changes In Net Assets | $183,192 |
| Ending Net Assets | $27,014,317 |
| Total Liabilities | $71,319,229 |
| Total Assets | $98,333,546 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Eastern & Southwest Missouri & Southern Illinois