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 individually 20,000 families on credit building strategies; --Assisted 4,300 to purchase homes, accessing $345 million in safe, affordable mortgage loans; --Originated over $10.7 million in micro-loans to 2,400 micro-enterprises; and --Opened facilitated over 1,500 matched withdrawals for asset purchases through its Individual Development Account program.
For the year ended December 31, 2023, Justine Petersen Housing & Reinvestment Corp's program expenses were:
| Economic Development | $12,390,995 |
| Housing | $2,127,860 |
| Savings | $382,604 |
| Total Program Expenses | $14,901,459 |
Chief Executive
Robert Boyle, Founder/CEO
Compensation*
$202,949
Chair of the Board
Eddie Davis, CEO
Chair's Profession / Business Affiliation
Center for the Acceleration of African American Businesses
Board Size
5
Paid Staff Size
52
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, 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, 2023.
Source of Funds
| Contributions and Grants | $9,872,714 |
| Interest | $3,394,505 |
| Loan and Administrative Fees | $3,141,786 |
| Rental Income | $510,943 |
| Contributed Nonfinancial Assets | $479,600 |
| Miscellaneous | $207,015 |
| Real Estate Brokerage Income | $18,482 |
| Credit Reporting Fees | $10,551 |
| Loss on Disposal of Assets | $-1,168 |
| Total Income | $17,634,428 |
Programs: 97% Fundraising: 1% Administrative: 4%
| Total Income | $17,634,428 |
| Total expenses: | $15,435,203 |
| Program expenses | $14,901,459 |
| Fundraising expenses | $134,907 |
| Administrative expenses | $555,466 |
| Other expenses | $-156,629 |
| Income in Excess of Expenses | $2,199,225 |
| Beginning Net Assets | $23,218,633 |
| Other Changes In Net Assets | $500,000 |
| Ending Net Assets | $25,917,858 |
| Total Liabilities | $56,737,460 |
| Total Assets | $82,655,318 |
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