Civic Intelligence

The Housing Fund Inc.

990 • Fiscal year 2018 • EIN 62-1632388

Oct 01, 2017 to Sep 30, 2018 • Filed on May 23, 2019

305 11th Avenue SouthNashville, TN 37203

(615) 780-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.52x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

11.84x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

24th percentile

$107,674

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-59%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$21,871,361

Down $3,117,749 (-12%) from 2017

Net Assets

Down

$10,580,091

Down $589,652 (-5.3%) from 2017

Liabilities

Down

$11,291,270

Down $2,528,097 (-18%) from 2017

Revenue

Down

$953,263

Down $1,376,714 (-59%) from 2017

Expenses

Down

$1,542,915

Down $463,587 (-23%) from 2017

Net Income

Down

-$589,652

Down $913,127 (-282%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $20,607,393Liabilities 2010: $12,745,661Net Assets 2010: $7,861,7322010Assets 2011: $21,123,092Liabilities 2011: $12,438,206Net Assets 2011: $8,684,8862011Assets 2012: $21,893,454Liabilities 2012: $11,826,322Net Assets 2012: $10,067,1322012Assets 2013: $21,209,084Liabilities 2013: $10,902,877Net Assets 2013: $10,306,2072013Assets 2014: $21,302,383Liabilities 2014: $10,965,693Net Assets 2014: $10,336,6902014Assets 2015: $23,595,201Liabilities 2015: $13,058,264Net Assets 2015: $10,536,9372015Assets 2016: $23,744,410Liabilities 2016: $12,898,142Net Assets 2016: $10,846,2682016Assets 2017: $24,989,110Liabilities 2017: $13,819,367Net Assets 2017: $11,169,7432017Assets 2018: $21,871,361Liabilities 2018: $11,291,270Net Assets 2018: $10,580,0912018Assets 2019: $26,807,370Liabilities 2019: $14,216,752Net Assets 2019: $12,590,6182019Assets 2020: $29,942,007Liabilities 2020: $17,188,117Net Assets 2020: $12,753,8902020Assets 2021: $34,436,307Liabilities 2021: $20,456,828Net Assets 2021: $13,979,4792021Assets 2022: $39,854,411Liabilities 2022: $25,171,095Net Assets 2022: $14,683,3162022Assets 2023: $48,556,730Liabilities 2023: $27,483,311Net Assets 2023: $21,073,4192023Assets 2024: $49,314,214Liabilities 2024: $28,739,506Net Assets 2024: $20,574,7082024

Highlighted filing

2018

Assets$21,871,361
Liabilities$11,291,270
Net Assets$10,580,091

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,410,4542010Revenue 2011: $9,855,977Expenses 2011: $8,986,001Net Income 2011: $869,9762011Expenses 2012: $3,008,9092012Revenue 2013: $3,022,073Expenses 2013: $2,782,998Net Income 2013: $239,0752013Revenue 2014: $2,824,161Expenses 2014: $2,793,678Net Income 2014: $30,4832014Revenue 2015: $3,099,401Expenses 2015: $2,899,154Net Income 2015: $200,2472015Revenue 2016: $2,285,216Expenses 2016: $1,975,885Net Income 2016: $309,3312016Revenue 2017: $2,329,977Expenses 2017: $2,006,502Net Income 2017: $323,4752017Revenue 2018: $953,263Expenses 2018: $1,542,915Net Income 2018: -$589,6522018Revenue 2019: $1,824,296Expenses 2019: $1,402,230Net Income 2019: $422,0662019Revenue 2020: $1,868,716Expenses 2020: $1,705,444Net Income 2020: $163,2722020Revenue 2021: $4,289,881Expenses 2021: $3,064,292Net Income 2021: $1,225,5892021Revenue 2022: $5,575,693Expenses 2022: $4,871,856Net Income 2022: $703,8372022Revenue 2023: $10,564,723Expenses 2023: $4,174,620Net Income 2023: $6,390,1032023Revenue 2024: $7,273,374Expenses 2024: $7,970,800Net Income 2024: -$697,4262024

Highlighted filing

2018

Revenue$953,263
Expenses$1,542,915
Net Income-$589,652
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 23, 2019
Return Version
2017v2.3
Gross Receipts
$966,476
Mission and Program Overview

Mission

The housing fund provides resources and creative leadership to help low and moderate income individuals and communities create and maintain affordable and healthy places to live. The housing fund makes low interest housing, development and community development loans to individuals, families and developers to acquire, create and maintain affordable and healthy homes and communities.

The housing fund provides resources and creative leadership to help individuals and communities create and maintain affordable and healthy places in which low and moderate income people live. The housing fund makes low interest loans for housing, housing development, and non-residential community development to individuals, families, and developers to acquire, create, and/or maintain affordable and healthy homes, and community and commercial facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,200,310$15,600,813▼ $599,497
Cash and Non-Interest-Bearing Accounts$7,892,311$5,555,302▼ $2,337,009
Investments Other Securities$200,000$200,000→ $0
Land, Buildings, and Equipment, Net$153,274$132,727▼ $20,547
Accounts Receivable$9,432$70,989▲ $61,557
Prepaid Expenses and Deferred Charges$41,758$54,216▲ $12,458
Pledges and Grants Receivable$250,825$22,158▼ $228,667
Total Assets$24,989,110$21,871,361▼ $3,117,749
Other Assets Total$241,200$235,156▼ $6,044
Liabilities
Unsecured Notes Loans Payable$13,392,533$10,871,302▼ $2,521,231
Other Liabilities$270,173$242,861▼ $27,312
Accounts Payable and Accrued Expenses$154,825$177,107▲ $22,282
Deferred Revenue$1,836$0▼ $1,836
Total Liabilities$13,819,367$11,291,270▼ $2,528,097
Net Assets / Fund Balance
Unrestricted Net Assets$11,169,743$10,509,035▼ $660,708
Temporarily Rstr Net Assets-$71,056-
Total Net Assets Fund Balance$11,169,743$10,580,091▼ $589,652
Total Liabilities and Net Assets / Fund Balance$24,989,110$21,871,361▼ $3,117,749

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$129,302$236,844$366,146
Equipment$3,425$106,347$109,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine HinsonChief Financial OfficerFT$93,968$13,706$107,674
Marshall Crawfordstart 6917President/CEOFT$78,538$7,390$85,928
Joan Davis End 063017President/CEOFT$71,938-$71,938

Board Members and Trustees

NameTitle
Philip MccutchanBoard President/ Chair
Hunter NelsonBoard Vice President/chair
David MoralesBoard of Directors
Donald MajorsBoard of Directors
Doug LeskyBoard of Directors
Fabian Bedne Ends 123117Board of Directors
Jessica Leveen FarrBoard of Directors
Keith MilesBoard of Directors
Laini Brown Ends 123117Board of Directors
Latrisha Jemison Starts 5117Board of Directors
Meg UnderwoodBoard of Directors
Melvin BlackBoard of Directors
Michael FrazeeBoard of Directors
Miguel VegaBoard of Directors
Regina Harvey Ends 123117Board of Directors
Richard Warren JrBoard of Directors
Ron CrutcherBoard of Directors
Tyane PowellBoard of Directors
Amy BroadwaterBoard Secetary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$297,636
Program Service Revenue
$651,171
Investment Income
$1,319
Other Revenue
$3,137
All Other Contributions
$56,330
Change in Net Assets
$-589,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$953,263
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$13,213
Total Revenue per Audited Statements
$966,476
Total Revenue per Form 990
$953,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,542,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$358,903--$358,903
Occupancy$74,100$7,397-$81,497
Office Expenses$31,326$12,177-$43,503
Fees for Services Accounting-$27,575-$27,575
Depreciation Depletion$19,295$2,081-$21,376
Fees for Services Other$14,569$5,663-$20,232
Information Technology$13,576$5,278-$18,854
Fees for Services Legal$15,083--$15,083
Travel$7,943$3,087-$11,030
Insurance$4,053$1,576-$5,629
Advertising$21$1,794-$1,815
Other Expenses$-32,015$110,350-$-32,015
Total Functional Expenses$1,365,937$176,978$0$1,542,915

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,556,128
Expenses per Audited Statements$1,542,915
Total Expenses per Form 990$1,542,915
Expenses Not Reported on Form 990$13,213
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,593
Fundraising Gross Income$7,000
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Philip MccutchanBod of Thf and US Bank Comm. Real Estate Division Manager (beg Aug 2017)Cdfi Equity Investment/loan- US BankNo$2,000,000
Latrisha JemisonBoard of Directors of Thf and Regions Bank ManagerCdfi Equity Investment/loan - RegionsNo$1,700,000
Philip MccutchanBoard of Directors of Thf and Regions Bank Sr Vice President (end Feb 2017)Cdfi Equity Equivalent Investment Loan in the Normal Course of Business With Regions Bank to the Housing Fund.No$1,700,000
Michael FrazeeBoard of Directors of Thf and Vp Commercial Real Estate First Tn BankCdfi Equity Equivalent Loan in the Normal Course of Business With First Tennessee Bank to the Housing Fund.No$1,000,000
Tyane PowellBoard of Directors of Thf and Pinnacle Financial Partners Vice PresidentCdfi Equity Equivalent Investment Loan in the Normal Course of Business With Pinnacle Bank and the Housing Fund.No$600,000
Philip MccutchanBod of Thf and US Bank Commercial Real Estate Division ManagerCertificate of Deposit- US BankNo$264,477
Latrisha JemisonBoard of Directors of Thf and Regions Bank ManagerCertificate of Deposit - RegionsNo$259,987
Philip MccutchanBoard of Directors of Thf and Regions Bank Sr Vice President (end Feb 2017)Certificate of DepositNo$259,987
Tyane PowellBoard of Directors of Thf and Pinnacle Financial Partners Vice PresidentSavings Account- PinnacleNo$105,444
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Flood Contract Payable$242,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is distributed to the entire board for review comments and questions to be returned to the housing fund. Once all inquiries are satisfactorily addressed, the 990 is filed.

Form 990, Part VI, Section B, Line 12C

New board members are given a copy of the policy when they become board members. Employees are given a copy of the housing fund policy and procedure manual and all are instructed to let the housing fund know if anything changes regarding the policy and their situation. On all client applications, prospective clients are asked to identify any relationships with anyone associated with the housing fund.

Form 990, Part VI, Section B, Line 15

The compensation of the ceo is set by the board of directors. All others are set by ceo and leadership team, and are reviewed on a recurring basis.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policies and financial statements are available upon written request.

Part V, Line 2 A&B, Part VII, Part IX Compensation & Benefits Reporting

The housing fund has a professional employer organization (peo) arrangement with lbmc employmnet partners, llc. Lbmc employment partners, llc files all required federal employment tax returns. Compensation is reported on part ix as leased employees.

Filing and Contact Details

Filer

Filer Name
The Housing Fund
EIN
62-1632388
Phone
6157807000
Address
305 11TH AVENUE SOUTH, NASHVILLE, TN 37203

Signing Officer

Name
Marshall E Crawford Jr
Title
President/CEO
Phone
6157807000
Signed
2019-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marshall E Crawford Jr
Formed
1996
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Ken Youngstead
Phone
6152427351
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

The process is unchanged from thf prior year. The housing fund has an audit committee, comprised of members of its board. The committee provides oversight of the financial statement audit and selection of an independent accountant to perform the audit of the financial statements.

Schedule R, Parts III, IV and V

Laurel house apartments gp, inc. Is a wholly owed subsidiary of the housing fund, inc. Laurel house apartments gp, inc. Is the general partner of laurel house 2001, lp. Laurel house 2001, lp. Has a note payable to the housing fund. The housing fund values teh note receivable at the present value less any allowance for loan losses.

Financial Statement Notes

PART X, LINE 2:

Management performs an evaluation of all income tax positions taken or expected to be taken in the course of preparing the housing fund's income tax returns to determine whether the income tax positions meet a "more likely than not" standard of being sustained under examination by the applicable taxing authorities. Management has performed its evaluation of all income tax positions taken on all open income tax returns and has determined that there were no positions taken that do not meet the "more likely than not" standard. Accordingly, there are no provisions for income taxes, penalties or interest receivable or payable relating to uncertain income tax positions in the housing fund's financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Expenses related to rental income 2,620. Direct fundraising expenses 10,593.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses related to rental income 2,620. Direct fundraising expenses 10,593.

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IRS990/ActivityOrMissionDesc0THE HOUSING FUND PROVIDES RESOURCES AND CREATIVE LEADERSHIP TO HELP INDIVIDUALS AND COMMUNITIES CREATE AND MAINTAIN AFFORDABLE AND HEALTHY PLACES IN WHICH LOW AND MODERATE INCOME PEOPLE LIVE. THE HOUSING FUND MAKES LOW INTEREST LOANS FOR HOUSING, HOUSING DEVELOPMENT, AND NON-RESIDENTIAL COMMUNITY DEVELOPMENT TO INDIVIDUALS, FAMILIES, AND DEVELOPERS TO ACQUIRE, CREATE, AND/OR MAINTAIN AFFORDABLE AND HEALTHY HOMES, AND COMMUNITY AND COMMERCIAL FACILITIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm0FABIAN BEDNE ENDS 123117
IRS990/Form990PartVIISectionAGrp/PersonNm1PHILIP MCCUTCHAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MELVIN BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm3RON CRUTCHER
IRS990/Form990PartVIISectionAGrp/PersonNm4JESSICA LEVEEN FARR
IRS990/Form990PartVIISectionAGrp/PersonNm5MIGUEL VEGA
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID MORALES
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUG LESKY
IRS990/Form990PartVIISectionAGrp/PersonNm8TYANE POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm9HUNTER NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm10KEITH MILES
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD WARREN JR
IRS990/Form990PartVIISectionAGrp/PersonNm12DONALD MAJORS
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL FRAZEE
IRS990/Form990PartVIISectionAGrp/PersonNm14REGINA HARVEY ENDS 123117
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHERINE HINSON
IRS990/Form990PartVIISectionAGrp/PersonNm16JOAN DAVIS END 063017
IRS990/Form990PartVIISectionAGrp/PersonNm17MARSHALL CRAWFORDSTART 6917
IRS990/Form990PartVIISectionAGrp/PersonNm18AMY BROADWATER
IRS990/Form990PartVIISectionAGrp/PersonNm19LAINI BROWN ENDS 123117
IRS990/Form990PartVIISectionAGrp/PersonNm20LATRISHA JEMISON STARTS 5117
IRS990/Form990PartVIISectionAGrp/PersonNm21MEG UNDERWOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1593968
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1671938
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1778538
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD PRESIDENT/ CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD VICE PRESIDENT/CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD SECETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD OF DIRECTORS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt010593
IRS990/FundraisingGrossIncomeAmt07000
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0241306
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0966476
IRS990/GrossRentsGrp/RealAmt09350
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05278
IRS990/InformationTechnologyGrp/ProgramServicesAmt013576
IRS990/InformationTechnologyGrp/TotalAmt018854
IRS990/InsuranceGrp/ManagementAndGeneralAmt01576
IRS990/InsuranceGrp/ProgramServicesAmt04053
IRS990/InsuranceGrp/TotalAmt05629
IRS990/InterestGrp/ProgramServicesAmt0358903
IRS990/InterestGrp/TotalAmt0358903
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01319
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01319
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0200000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0200000
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0343191
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0153274
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0132727
IRS990/LandBldgEquipCostOrOtherBssAmt0475918
IRS990/LegalDomicileStateCd0TN
IRS990/LessRentalExpensesGrp/RealAmt02620
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE HOUSING FUND PROVIDES RESOURCES AND CREATIVE LEADERSHIP TO HELP LOW AND MODERATE INCOME INDIVIDUALS AND COMMUNITIES CREATE AND MAINTAIN AFFORDABLE AND HEALTHY PLACES TO LIVE. THE HOUSING FUND MAKES LOW INTEREST HOUSING, DEVELOPMENT AND COMMUNITY DEVELOPMENT LOANS TO INDIVIDUALS, FAMILIES AND DEVELOPERS TO ACQUIRE, CREATE AND MAINTAIN AFFORDABLE AND HEALTHY HOMES AND COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011169743
IRS990/NetAssetsOrFundBalancesEOYAmt010580091
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3593
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3593
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06730
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07397
IRS990/OccupancyGrp/ProgramServicesAmt074100
IRS990/OccupancyGrp/TotalAmt081497
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012177
IRS990/OfficeExpensesGrp/ProgramServicesAmt031326
IRS990/OfficeExpensesGrp/TotalAmt043503
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0241200
IRS990/OtherAssetsTotalGrp/EOYAmt0235156
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LEASED EMPLOYEES
IRS990/OtherExpensesGrp/Desc1SERVICING FEES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3CHANGE IN PROVISION FOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0110350
IRS990/OtherExpensesGrp/ProgramServicesAmt0836461
IRS990/OtherExpensesGrp/ProgramServicesAmt117372
IRS990/OtherExpensesGrp/ProgramServicesAmt25250
IRS990/OtherExpensesGrp/ProgramServicesAmt3-32015
IRS990/OtherExpensesGrp/TotalAmt0946811
IRS990/OtherExpensesGrp/TotalAmt117372
IRS990/OtherExpensesGrp/TotalAmt25250
IRS990/OtherExpensesGrp/TotalAmt3-32015
IRS990/OtherLiabilitiesGrp/BOYAmt0270173
IRS990/OtherLiabilitiesGrp/EOYAmt0242861
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016200310
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt015600813
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250825
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022158
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041758
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054216
IRS990/PrincipalOfficerNm0MARSHALL E CRAWFORD JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT LOANS INTE
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES & MISC
IRS990/ProgramServiceRevenueGrp/Desc2DOWNPAYMENT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc3FLOOD ASSISTANCE LOAN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0322807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1188027
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2135300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0322807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1188027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35037
IRS990/ProgSrvcAccomActy2Grp/Desc0DOWNPAYMENT ASSISTANCE PROGRAMS - HELPS LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN BECOMING SUCCESSFUL HOME OWNERS BY PROVIDING DOWN PAYMENT AND CLOSING COST LOANS. ASSISTANCE IS PROVIDED ON A GRADUATED BASIS, DEPENDING ON HOUSEHOLD INCOME. FROM INCEPTION, MORE THAN 3,400 FAMILIES HAVE BEEN ASSISTED IN PURCHASING A HOME, WITH $23,000,000 LENT. IN FY 2018, OVER $865,000 WAS LENT AND 85 HOUSEHOLDS SERVED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0493927
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0135300
IRS990/ProgSrvcAccomActy3Grp/Desc0DEVELOPMENT LOAN PROGRAMS - PROVIDES LOANS FOR DEVELOPMENT OF AFFORDABLE HOUSING IN ALL AREAS, AS WELL AS LOANS FOR COMMUNITY FACILITIES IN LOW TO MODERATE INCOME TRACTS. FROM INCEPTION, OVER 1,754 AFFORDABLE HOUSING UNITS HAVE BEEN CONSTRUCTED OR REHABILITATED USING FUNDS FROM THE HOUSING FUND, WITH OVER $58,000,000 LENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0707682
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0322807
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt091052
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0203076
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0609459
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0369132
IRS990/PYInvestmentIncomeAmt01404
IRS990/PYOtherExpensesAmt01637370
IRS990/PYOtherRevenueAmt0882479
IRS990/PYProgramServiceRevenueAmt0836635
IRS990/PYRevenuesLessExpensesAmt0323475
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02006502
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02329977
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-589652
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt06730
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0297636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0609459
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01313565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02527253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02317689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07065602

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$28.7$20.6$7.27$7.97$0.70
2023Summary only. Only limited summary data is available for this year.$48.6$27.5$21.1$10.6$4.17$6.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.9$25.2$14.7$5.58$4.87$0.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$20.5$14.0$4.29$3.06$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$17.2$12.8$1.87$1.71$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.8$14.2$12.6$1.82$1.40$0.42
2018Detailed filing. Detailed filing data is available for this year.$21.9$11.3$10.6$0.95$1.54$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$13.8$11.2$2.33$2.01$0.32
2016Detailed filing. Detailed filing data is available for this year.$23.7$12.9$10.8$2.29$1.98$0.31
2015Detailed filing. Detailed filing data is available for this year.$23.6$13.1$10.5$3.10$2.90$0.20
2014Detailed filing. Detailed filing data is available for this year.$21.3$11.0$10.3$2.82$2.79$0.03
2013Summary only. Only limited summary data is available for this year.$21.2$10.9$10.3$3.02$2.78$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$11.8$10.1$3.01
2011Summary only. Only limited summary data is available for this year.$21.1$12.4$8.68$9.86$8.99$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$12.7$7.86$2.41