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Senior Housing Crime Prevention Foundation

Tennessee, United States · 164 Employees

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Who is Senior Housing Crime Prevention Foundation

In 2017 Pat joined the Foundation as Accounting Specialist, which includes maintaining the investor collateral, preparing investor payments and preparing documents for the Foundation team. Chuck King began his banking career in 1992 as president of National Commerce Financials subsidiary, USI Alliance Corporation, where he founded both the Senior Housing Crime Prevention Foundation and Senior Crimestoppers, and created the Wish Comes True grant program, the Time of Your Life video exhibit, and the Welcome Home Banking web portal for residents and their families; all to improve the quality of life for the elderly in communities across the country. Thanks to Chuck Kings vision, the Senior Crimestoppers program has reduced crime against nursing home residents nationally by 95 percent. Why nursing homes, HUD properties and veterans homes? Nursing home, Medicaid & HUD residents meet the definition of a low-to-moderate income group and can qualify for government subsidies for Care and Housing. Therefore, any loan or investment that goes to benefit or support this group is considered as qualified CRA credit and allows banks to support a segment of society that it might not otherwise touch. Further, these facilities are known to have problems in areas that the Senior Crimestoppers program directly addresses. How does this benefit a bank? Often it is difficult for banks to find reasonable, low-risk, community focused opportunities to meet their CRA loan or investment requirements. Many times CRA qualified types of loans and investments are considered risky at best. CRA Partners provides a bank with an outlet to meet both loan and investment test requirements, as required by law. Further, CRA Partners is structured in such a way that the bank has very low credit risk. The transaction is secured 100% by the collateral chosen by the bank, which constitutes the source of repayment at contract maturity. The yield on the banks loans and investments is based on the yield paid on the collateral security, less 1.5% retained by ...Read More

Headquarters

Headquarters

5100 Poplar Ave Ste 711, Memphis, Tennessee, 38137, United States
Phone Number

Phone Number

(877) 232-0859
Revenue

Revenue

$34M
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SIC Code 83,832
NAICS Code 62,624

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David Lenoir
David Lenoir

President and Chief Executiv...

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Gordon Bateman
Gordon Bateman

Vice President & Controller

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