Civic Intelligence

Tennessee Housing Development Corporation

990 • Fiscal year 2017 • EIN 74-2891327

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 27, 2018

125 Preston StreetJackson, TN 38301

(731) 422-1671

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

95th percentile

87%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

20548%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,059,677

Up $1,423,400 (+87%) from 2016

Net Assets

Up

$3,059,677

Up $1,423,400 (+87%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$1,839,719

Up $1,830,809 (+20548%) from 2016

Expenses

Up

$390,574

Up $281,062 (+257%) from 2016

Net Income

Up

$1,449,145

Up $1,549,747 (+1540%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,422,228Liabilities 2011: $0Net Assets 2011: $2,422,2282011Assets 2012: $1,986,648Liabilities 2012: $15,631Net Assets 2012: $1,971,0172012Assets 2013: $1,929,678Liabilities 2013: $0Net Assets 2013: $1,929,6782013Assets 2014: $1,815,465Liabilities 2014: $0Net Assets 2014: $1,815,4652014Assets 2015: $1,736,879Liabilities 2015: $0Net Assets 2015: $1,736,8792015Assets 2016: $1,636,277Liabilities 2016: $0Net Assets 2016: $1,636,2772016Assets 2017: $3,059,677Liabilities 2017: $0Net Assets 2017: $3,059,6772017Assets 2018: $2,994,719Liabilities 2018: $0Net Assets 2018: $2,994,7192018Assets 2019: $6,998,149Liabilities 2019: $0Net Assets 2019: $6,998,1492019Assets 2020: $6,881,199Liabilities 2020: $0Net Assets 2020: $6,881,1992020Assets 2021: $6,884,883Liabilities 2021: $18,945Net Assets 2021: $6,865,9382021Assets 2022: $9,291,934Liabilities 2022: $464,079Net Assets 2022: $8,827,8552022Assets 2023: $9,762,035Liabilities 2023: $450,007Net Assets 2023: $9,312,0282023Assets 2024: $10,605,820Liabilities 2024: $607,792Net Assets 2024: $9,998,0282024

Highlighted filing

2017

Assets$3,059,677
Liabilities$0
Net Assets$3,059,677

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $0Expenses 2011: $322,453Net Income 2011: -$322,4532011Expenses 2012: $451,2112012Revenue 2013: $0Expenses 2013: $125,040Net Income 2013: -$125,0402013Revenue 2014: $0Expenses 2014: $114,213Net Income 2014: -$114,2132014Revenue 2015: $8,910Expenses 2015: $87,496Net Income 2015: -$78,5862015Revenue 2016: $8,910Expenses 2016: $109,512Net Income 2016: -$100,6022016Revenue 2017: $1,839,719Expenses 2017: $390,574Net Income 2017: $1,449,1452017Revenue 2018: $19,305Expenses 2018: $84,263Net Income 2018: -$64,9582018Revenue 2019: $9,434Expenses 2019: $487,603Net Income 2019: -$478,1692019Revenue 2020: $19,567Expenses 2020: $136,517Net Income 2020: -$116,9502020Revenue 2021: $19,704Expenses 2021: $34,965Net Income 2021: -$15,2612021Revenue 2022: $2,108,680Expenses 2022: $146,763Net Income 2022: $1,961,9172022Revenue 2023: $517,572Expenses 2023: $33,399Net Income 2023: $484,1732023Revenue 2024: $834,054Expenses 2024: $148,054Net Income 2024: $686,0002024

Highlighted filing

2017

Revenue$1,839,719
Expenses$390,574
Net Income$1,449,145
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 27, 2018
Return Version
2017v2.3
Gross Receipts
$1,839,719
Mission and Program Overview

Mission

Tennessee housing development corporation seeks resources to continue to develop affordable housing for low-income citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,338,836$1,624,714▲ $285,878
Other Notes and Loans Receivable, Net-$1,378,247-
Accounts Receivable$271,696$56,716▼ $214,980
Total Assets$1,610,532$3,059,677▲ $1,449,145
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,610,532$3,059,677▲ $1,449,145
Total Net Assets Fund Balance$1,610,532$3,059,677▲ $1,449,145
Total Liabilities and Net Assets / Fund Balance$1,610,532$3,059,677▲ $1,449,145
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jo AlredChairman
Jeannie BondVice Chairman
Mark ReidExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,839,719
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,449,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,839,719
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,839,719
Total Revenue per Form 990
$1,839,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,574
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
Fees for Services Legal$4,037$713-$4,750
Fees for Services Accounting$2,996$529-$3,525
Insurance$1,244$219-$1,463
Office Expenses$506$89-$595
Other Expenses$398$70-$468
Total Functional Expenses$331,988$58,586$0$390,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$390,574
Total Expenses per Audited Statements$390,574
Total Expenses per Form 990$390,574
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Each board member receives, reviews and approves the 990 before filing.

Form 990, Part VI, Section C, Line 19

Upon written request the organization will make available the governing documents, policies and financial statements.

Filing and Contact Details

Filer

Filer Name
Tennessee Housing Development
EIN
74-2891327
Phone
7314221671
Address
125 PRESTON STREET, JACKSON, TN 38301

Signing Officer

Name
Mark Reid
Title
Executive Director
Phone
7314221671
Signed
2018-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Reid
Formed
1998
Legal Domicile
Tn
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Smith Marion & Co Llp
Address
1940 ORANGE TREE LANE SUITE 100, REDLANDS, CA 92374
Preparer
Chad Porter
Phone
9093072323
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In accordance with accounting standards, which provide accounting and disclosure guidance about uncertain tax positions taken by an organization, management believes that all of the positions taken by the organization in its federal income tax return are more likely than not to be sustained upon examination. The organization files returns in the u.s. Federal jurisdiction.

Raw XML Appendix399 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0THE VILLAGES OF OLD HICKORY LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1EAST POINTE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2CENTENNIAL SENIOR LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3MCMILLAN TOWERS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0125 PRESTON STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1125 PRESTON STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt2125 PRESTON STREET
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1JACKSON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2JACKSON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm3JACKSON
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2TN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd3TN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd038301
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd138301
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd238301
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd338301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0JACKSON HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0626001580
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0LOCAL GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0125 PRESTON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JACKSON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038301
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01610532
IRS990/TotalAssetsEOYAmt03059677
IRS990/TotalAssetsGrp/BOYAmt01610532
IRS990/TotalAssetsGrp/EOYAmt03059677
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058586
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331988
IRS990/TotalFunctionalExpensesGrp/TotalAmt0390574
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01610532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03059677
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0331988
IRS990/TotalProgramServiceRevenueAmt01839719
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01839719
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01839719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01610532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03059677
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01610532
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03059677
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 PRESTON STREET
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038301
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0JACKSONHA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK REID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07314221671
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENNESSEE HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TENN
ReturnHeader/Filer/EIN0742891327
ReturnHeader/Filer/PhoneNum07314221671
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 PRESTON STREET
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038301
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A61C683DA7CD878DEB72A6E7C2CEBCB2B4D0CD0C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.77.118.76
ReturnHeader/FilingSecurityInformation/IPDt02018-07-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm017:52:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273337428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH MARION & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01940 ORANGE TREE LANE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0REDLANDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092374
ReturnHeader/PreparerPersonGrp/PhoneNum09093072323
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHAD PORTER
ReturnHeader/ReturnTs02018-07-27T17:56:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.6$0.61$10.00$0.83$0.15$0.69
2023Detailed filing. Detailed filing data is available for this year.$9.76$0.45$9.31$0.52$0.03$0.48
2022Detailed filing. Detailed filing data is available for this year.$9.29$0.46$8.83$2.11$0.15$1.96
2021Detailed filing. Detailed filing data is available for this year.$6.88$0.02$6.87$0.02$0.03$0.02
2020Detailed filing. Detailed filing data is available for this year.$6.88$0.00$6.88$0.02$0.14$0.12
2019Detailed filing. Detailed filing data is available for this year.$7.00$0.00$7.00$0.01$0.49$0.48
2018Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$0.02$0.08$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$1.84$0.39$1.45
2016Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.01$0.11$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.01$0.09$0.08
2014Summary only. Only limited summary data is available for this year.$1.82$0.00$1.82$0.00$0.11$0.11
2013Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$0.00$0.13$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.02$1.97$0.45
2011Summary only. Only limited summary data is available for this year.$2.42$0.00$2.42$0.00$0.32$0.32