2024-07-23T07:43:56-05:00 2023-09-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2022-10-01 621632388 THE HOUSING FUND HOUS 6157807000 PO BOX 657 MADISON TN 37116 MARSHALL E CRAWFORD JR PRESIDENT/CEO 6157807000 2024-07-23 1 MARSHALL CRAWFORD JR 999009999 1 FRANCES E LEAHY P00713593 6152427351 2024-07-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARSHALL E CRAWFORD JR PO BOX 657 MADISON TN 37116 10564741 0 X WWW.THEHOUSINGFUND.ORG X 1996 TN PROVIDES RESOURCES TO HELP CREATE & MAINTAIN AFFORDABLE & HEALTHY PLACES TO LIVE 17 15 0 17 72073 63262 4209693 8598842 1340909 1518017 25091 447864 0 0 5575693 10564723 2526222 486143 0 0 0 0 0 0 0 2345634 3688477 4871856 4174620 703837 6390103 39854411 48556730 25171095 27483311 14683316 21073419 X 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. 0 0 1492477 201729 673486 DEVELOPMENT 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 3,215 AFFORDABLE HOUSING UNITS HAVE BEEN CONSTRUCTED OR REHABILITATED USING FUNDS FROM THE HOUSING FUND, WITH OVER $89,474,000 LENT. 1011930 69229 303140 DOWNPAYMENT ASSISTANCE PROGRAMS - HELPS LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN BECOMING SUCCESSFUL HOMEOWNERS BY PROVIDING DOWN PAYMENT AND CLOSING COST LOANS. ASSISTANCE IS PROVIDED ON A GRADUATED BASIS, DEPENDING ON HOUSEHOLD INCOME. FROM INCEPTION, MORE THAN 4,400 FAMILIES HAVE BEEN ASSISTED IN PURCHASING A HOME, WITH $37,600,000 LENT. IN FY 2023, OVER $5,018,000 WAS LENT AND 294 HOUSEHOLDS SERVED. 538410 172785 0 THE HOUSING RESILIENCY FUND IS A GRANT STARTED IN FY21 TO HELP OFFSET THE RECENT PROPERTY TAX INCREASE FOR LOW- TO MODERATE-INCOME HOMEOWNERS IN NASHVILLE. THE PRIMARY OBJECTIVE OF THE HOUSING RESILIENCY FUND IS TO PRESERVE AFFORDABILITY FOR EXISTING HOMEOWNERS. DURING THE YEAR, THE HOUSING RESILIENCY FUND SUPPORTED 146 HOUSEHOLDS IN DAVIDSON COUNTY WITH $103,750 IN CURRENT YEAR DISBURSEMENTS TO SUPPORT THE FAMILIES WITH INCOMES AT 100% OR BELOW AMI. IN FY22, THF EXPANDED THE HOUSING RESILIENCY FUND TO ASSIST LANDLORDS TO HELP PREVENT THE INCREASE IN PROPERTY TAXES FROM BEING PASSED THROUGH TO THE LOW AND MODERATE INCOME TENANTS. IN FY23 THF ASSISTED 16 LANDLORDS WITH PROPERTY TAX GRANTS THAT OFFSET THE PROPERTY TAXES ON 68 UNITS HELPING 98 INDIVIDUALS STAY IN THEIR RENTALS. 171748 42400 469300 171748 42400 469300 3214565 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 16 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X X DAVID PARRISH 6155152204 PO BOX 657 MADISON TN 37116 ASHLEY PROPST BOARD CHAIR 1.00 X X 0 0 0 ALBERTO ARECHIGA BOARD SECRETARY/TREASURER 1.00 X X 0 0 0 TERA BLOECHER BOARD OF DIRECTORS 1.00 X 0 0 0 RODRICK BUTLER BOARD OF DIRECTORS 1.00 X 0 0 0 RONALD CRUTCHER BOARD OF DIRECTORS 1.00 X 0 0 0 ANGELA CURTIS BOARD OF DIRECTORS 1.00 X 0 0 0 JESSICA FARR BOARD OF DIRECTORS 1.00 X 0 0 0 MICHAEL FRAZEE BOARD OF DIRECTORS 1.00 X 0 0 0 KIM HOLLINGSHEAD BOARD OF DIRECTORS 1.00 X 0 0 0 LATRISHA JEMISON BOARD OF DIRECTORS 1.00 X 0 0 0 DOUGLAS LESKY BOARD OF DIRECTORS 1.00 X 0 0 0 PHILIP MCCUTCHAN BOARD OF DIRECTORS 1.00 X 0 0 0 KEITH MILES BOARD OF DIRECTORS 1.00 X 0 0 0 LORRIE SHEARON BOARD OF DIRECTORS 1.00 X 0 0 0 MIQUEL VEGA BOARD OF DIRECTORS 1.00 X 0 0 0 RICHARD WARREN BOARD OF DIRECTORS 1.00 X 0 0 0 DERRICK WILLIAMS BOARD OF DIRECTORS 1.00 X 0 0 0 MARSHALL CRAWFORD PRESIDENT/CEO 40.00 X 224941 0 19034 DAVID PARRISH CHIEF FINANCIAL OFFICER 40.00 X 150492 0 24224 ANGELA BELCHER EVP & COO 40.00 X 125670 0 24228 501103 0 67486 3 0 1 0 LBMC EMPLOYMENT PARTNER 201 FRANKLIN RD 200 BRENTWOOD TN 37027 LEASE EMPLOYEES SALARIES AND FRINGE BENE 1592225 1 1061249 7537593 8598842 DEVELOPMENT LOANS INTEREST 525990 647860 647860 SERVICE FEES & MISC 525990 463583 463583 DOWNPAYMENT ASSISTANCE LOANS INTE 525990 303140 303140 RENTAL INCOME 531110 77808 5735 72073 FLOOD ASSISTANCE LOAN INTEREST 525990 25626 25626 1518017 447882 447882 18 -18 -18 -18 10564723 1445926 72073 447882 124826 124826 361317 361317 36507 31854 4653 29970 29970 14500 14500 97466 266 97200 190043 109392 80651 53985 31075 22910 79035 72287 6748 39745 22878 16867 636493 636493 68827 52597 16230 30951 17816 13135 LEASED EMPLOYEES 2148323 1491395 656928 CHANGE IN PROVISION FOR 241487 241487 SERVICING FEES 21145 20882 263 4174620 3214565 960055 0 17225155 13067725 112597 22158 118838 255873 18316432 25351473 240733 30842 2322922 495178 1309694 1827744 1893158 1841384 637804 6159531 39854411 48556730 423575 860986 1237291 949497 2057396 1197440 21235313 23777395 217520 697993 25171095 27483311 X 13460502 15952143 1222814 5121276 14683316 21073419 39854411 48556730 6390103 0 X X 0 1 X 1 1 1 X 1104880 1006603 3206020 4209693 8598842 18126038 1104880 1006603 3206020 4209693 8598842 18126038 11651918 6474120 11133 13377 4500 25091 447882 501983 1975 72073 74048 18702069 5364174 0.34620 0.53330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 425000 425000 1264810 25142 1239668 366146 329227 36919 266966 140809 126157 1827744 LAND AND IMPROVEMENTS FOR COMMUNITY LAND TRUST PROGRAM 884018 GLENN STREET RENTAL UNITS 105190 RIGHT OF USE ASSET 480473 PROPERTIES HELD FOR RESALE TO LOW-TO-MODERATE INCOME INDIVIDUALS 4689850 6159531 FLOOD CONTRACT PAYABLE 217520 RIGHT OF USE LIABILITY 480473 697993 X 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. 1 AFRICAN AMERICAN ALLIANCE OF CDFI CEOS 301 E PINE ST SUITE 175 ORLANDO FL 32801 852659114 501(C)(3) 10000 0 TORNADO RELIEF - MISSISSIPPI HABITAT FOR HUMANITY 2950 KRAFT AVENUE SUITE 100 NASHVILLE TN 37204 481636286 501(C)(3) 92520 0 BUILD NEW CONDO UNITS DISMAS HOUSE 2424 CHARLOTTE AVENUE NASHVILLE TN 37203 237376100 501(C)(3) 22306 0 PROPERTY TAX ASSISTANCE 3 0 MORTGAGE, RENT, UTILITY ASSISTANCE 43 69229 MORTGAGE, RENT, UTILITY ASSISTANCE INCOME ASSITANCE TO INDIVIDUALS 32 32200 INCOME ASSISTANCE PROPERTY TAX ASSISTANCE 214 150479 PROPERTY TAX ASSISTANCE SUBSIDY TO SHARED EQUITY BORROWERS 24 109209 COST OF BLDG HOME ABOVE SALES PRICE TO SHARED EQUITY BORROWER PART I, LINE 2: THE HOUSING FUND HAS A GRANT APPLICATION PORTAL WITHIN IT'S CLIENT SOFTWARE. APPLICANTS ARE REQUIRED TO APPLY ONLINE THROUGH THE SOFTWARE AND ANSWER THE QUALIFYING QUESTIONS AND ATTACH THE REQUIRED SUPPORTING DOCUMENTS TO VERIFY INCOMES, RESIDENCE IN THE HOME, AND ELIGIBLE AMOUNT OF GRANT REQUESTED. WHEN APPLICANTS HAVE POTENTIAL TECHNOLOGY CHALLENGES, THEY CAN FILL OUT A PAPER APPLICATION AND A MEMBER OF THE COMMUNITY IMPACT TEAM WILL ENTER THE APPLICATION ON THEIR BEHALF ONCE A COMPLETED PACKAGE IS RECEIVED. THE HOUSING FUND STAFF REVIEWS EACH APPLICATION AND ONCE APPROVED, A GRANT AGREEMENT IS SENT TO EACH POTENTIAL GRANT RECIPIENT VIA DOCUSIGN. ONCE THE GRANT AGREEMENT IS RECEIVED WITH SIGNATURE, THE HOUSING FUND FINANCE TEAM WILL ISSUE PAYMENT ON BEHALF OF THE GRANTEE TO THE APPROPRIATE RECIPIENT, EITHER THE METROPOLITAN TRUSTEES OFFICE, A MORTGAGE LENDER, LANDLORD, OR UTILITY COMPANY DEPENDING ON WHAT IS OUTLINED IN THE SPECIFIC GRANT AGREEMENT. THE HOUSING FUND DOES NOT SEND GRANT PAYMENTS DIRECTLY TO THE GRANTEE TO ENSURE THE GRANT FUNDS ARE UTILIZED AS INTENDED. FOR HABITAT FOR HUMANITY GRANT, ORGANIZATIONS CAN BE SUB-RECIPIENTS UNDER FEDERAL GRANTS. THESE ORGANIZATIONS ARE REVIEWED BY THE HOUSING FUND STAFF FOR COMPLIANCE AS WELL AS HAVE THEIR OWN INDEPENDENT AUDITS COMPLETED. SUB-RECIPIENTS ARE REQUIRED TO PRODUCE PROGRAM RESULT REPORTS. X 0 0 0 0 0 0 0 0 0 MARSHALL CRAWFORD PRESIDENT/CEO 183077 0 41864 0 0 0 0 0 19034 0 243975 0 0 0 DAVID PARRISH CHIEF FINANCIAL OFFICER 124767 0 25725 0 0 0 5113 0 19111 0 174716 0 0 0 LATRISHA JEMISON SVP BOARD OF DIRECTORS OF THF AND REGIONS BANK OFFICER 3200000 CDFI EQUITY EQUIVALENT INVESTMENT LOANS 0 ASHLEY PROPST SVP BOARD OF DIRECTORS OF THF AND TRUIST BANK OFFICER 3834713 CDFI EQUITY EQUIVALENT INVESTMENT LOANS 0 ASHLEY PROPST SVP BOARD OF DIRECTORS OF THF AND TRUIST BANK OFFICER 4575718 SAVINGS AND CHECKING ACCOUNTS 0 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 XII, LINE 2C: THE PROCESS IS UNCHANGED FROM THR 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. LAUREL HOUSE 2001 LP 305 11TH AVENUE SOUTH NASHVILLE TN 37203 300008193 RENTAL REAL ESTATE TN THE HOUSING FUND RELATED -51774 5236609 0 -35144 1 1.00000 LAUREL HOUSE APARTMENTS GP INC 305 11TH AVENUE SOUTH NASHVILLE TN 372034003 481270600 RENTAL REAL ESTATE TN THE HOUSING FUND C 200000 1.00000 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 LAUREL HOUSE 2001 D 2361887 FMV-CASH LAUREL HOUSE 2001 K 61587 RENT OF OFFICE SPACE