Better Business Bureau Report for
Justine Petersen Housing and Reinvestment Corporation

Better Business Bureau Report issued January 2011
Better Business Bureau Report expires January 2012

This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...

Find out more about this charity:

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Charity Contact Information

Name: Justine Petersen Housing and Reinvestment Corporation
Address: 1023 N. Grand Blvd.
  St. Louis, MO 63106
Phone: 314-533-2411
Web Address:
Also known as:Justine Petersen
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Better Business Bureau Comments

Year, State Incorporated: 1996, Missouri
Affiliates: Great Rivers Community Capital, Great Rivers Community Trust, Manchester Partnership
Stated Purpose: exists to connect institutional resources to the needs of low- and moderate-income families in order to build assets and create enduring change.

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Evaluation Conclusions


Justine Petersen Housing and Reinvestment Corporation (JPHRC) meets the 20 Standards for Charity Accountability.
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Since 1997, Justine Petersen has provided one-on-one credit building and financial education with 16,000 individuals; assisted over 3,600 families to purchase homes;originated $4.8 Million in 775 micro-loans and faciliated over 1,500 matched withdrawals through its Individual Development Account program.

For the fiscal year ended December 31, 2010, JPHRC's program expenses were:

Economic Development 1,421,299
Housing 1,012,921
Savings 84,830
Total Program Expenses: $2,519,050
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Chief Executive : Robert F. Boyle, Chief Executive Officer

Highest Paid Executive: Sheri Flanigan-Vazquez,Chief Operating Officer
Compensation*: $105,563

Chair of the Board: Filomena Angelucci-Dean
Chair's Profession / Business Affiliation: Banker, Enterprise Bank

Board Size: 7

Paid Staff Size: 13

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising


Method(s) Used:

grant proposals
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $2,383,942, are donations received as a result of fund raising activities.)
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Tax Status


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.
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The following information is based on JPHRC's audited financial statements - consolidated for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions and Grants 2,383,942
Program Service Fees 544,738
Interest 250,976
Donated Services 121,080
Gain on Sale of Assets 41,920
Donated Property 34,896
Total Income $3,377,552


Uses of Funds as a % of Total Expenses

Programs: 95%  Fund Raising: 1%  Administrative: 4% 

Total income $3,377,552
Program expenses $2,519,050
Fund raising expenses 36,818
Administrative expenses 118,885
Total expenses $2,674,753
Income in Excess of Expenses 702,799
Beginning net assets 805,487
Ending net assets 1,508,286
Total liabilities 10,143,158
Total assets $11,651,444

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BBB Membership


This organization is a member of the Better Business Bureau. 

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