We use a variety of sources to ensure that our Nonprofits are closely aligned with the requirements of the Community Reinvestment Act. For each qualified Nonprofit, we provide over 70 data points of information to assist with your CRA review. This data includes:
- CRA Categorization – Quickly see how each Nonprofit meets CRA requirements.
- Key IRS Insights – Review key facts about IRS status, tax deductibility, tax filings and more.
- Activities Overview – Gain insight into the organization and activities conducted by each nonprofit.
- CRA Awards History – See each Nonprofit’s CDFI or SBIC status, recent tax credits, and CDFI awards.
- CRA Geocoded Location – Review the Nonprofit’s location on the map including standardized geocoding data.
- Area Demographics – Analyze key Census data including population, housing, income and more.
Our data compilation starts with our detailed understanding of the Community Reinvestment Act itself. We not only look at the Act and the implementing regulations, but we also have studied the Interagency Questions & Answers. We’ve also looked closely at the examination procedures used to examine banks, published by their federal regulators – the OCC, the FDIC and the Federal Reserve. In addition to that, we’ve utilized the information provided by the Federal Financial Institutions Examination Council on their website.
Using all of these baseline documents coupled with our own experience as bankers and CRA professionals, we ensured that when we built CRANIA, our qualification algorithm, that it incorporated these guidelines. We further complie data from over 20 trusted government and industry resources including, for example:
- The U.S. Census Bureau
- The Internal Revenue Service (IRS)
- The Community Development Financial Institution (CDFI) Fund
- The Small Business Administration
- The Federal Financial Institutions Examination Council (FFIEC)
- The Department of Housing and Urban Development (HUD)
- The National Center for Charitable Statistics (NCCS)
We ensure that whenever possible, we are utilizing the most up-to-date sources available and periodically update our database with new information when the agencies make it available.