2025-08-14T14:50:13-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2023-10-01 621632388 THE HOUSING FUND HOUS 6157807000 PO BOX 657 MADISON TN 37116 MARSHALL E CRAWFORD JR PRESIDENT/CEO 6157807000 2025-08-14 1 1 FRANCES E LEAHY P00713593 6152427351 2025-08-06 2023 2025-03-06 01:10:19Z MARSHALL E CRAWFORD JR PO BOX 657 MADISON TN 37116 7273374 0 X WWW.THEHOUSINGFUND.ORG X 1996 TN PROVIDES RESOURCES TO HELP CREATE & MAINTAIN AFFORDABLE & HEALTHY PLACES TO LIVE 15 15 17 16 129414 115573 8598842 5321439 1518017 1582683 447864 369252 0 0 10564723 7273374 486143 944380 0 0 0 1951307 0 0 0 3688477 5075113 4174620 7970800 6390103 -697426 48556730 49314214 27483311 28739506 21073419 20574708 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 5204823 658352 808963 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 3,392 AFFORDABLE HOUSING UNITS HAVE BEEN CONSTRUCTED OR REHABILITATED USING FUNDS FROM THE HOUSING FUND, WITH OVER $94,244,000 LENT. 995411 13323 319628 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 4,480 FAMILIES HAVE BEEN ASSISTED IN PURCHASING A HOME, WITH $39,824,000 LENT. IN FY 2024, OVER $2,223,000 WAS LENT AND 78 HOUSEHOLDS SERVED. 554513 179208 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. 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. DURING THE YEAR, THE HOUSING RESILIENCY FUND SUPPORTED 138 HOUSEHOLDS IN DAVIDSON COUNTY WITH $97,673 IN CURRENT YEAR DISBURSEMENTS TO SUPPORT THE FAMILIES WITH INCOMES AT 100% OR BELOW AMI. IN FY24, THF ASSISTED 49 LANDLORDS WITH PROPERTY TAX GRANTS THAT OFFSET THE PROPERTY TAXES ON 401 UNITS HELPING 741 INDIVIDUALS STAY IN THEIR RENTALS. 225175 93497 324678 225175 93497 324678 6979922 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 1 0 0 0 0 0 0 0 1 0 0 0 1 X 15 0 1 17 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 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 KIM HOLLINGSHEAD BOARD CHAIR 1.00 X X 0 0 0 MIGUEL VEGA BOARD VICE-CHAIR 1.00 X X 0 0 0 ALBERTO D ARECHIGA BOARD SECRETARY/TREASURER 1.00 X X 0 0 0 TERA BLOECHER DIRECTOR 1.00 X 0 0 0 RODRICK L BUTLER DIRECTOR 1.00 X 0 0 0 RON CRUTCHER DIRECTOR 1.00 X 0 0 0 ANGELA CURTIS DIRECTOR 1.00 X 0 0 0 JESSICA LEVEEN FARR DIRECTOR 1.00 X 0 0 0 MICHAEL FRAZEE DIRECTOR 1.00 X 0 0 0 DOUGLAS LESKY DIRECTOR 1.00 X 0 0 0 PHILIP MCCUTCHAN DIRECTOR 1.00 X 0 0 0 KEITH MILES DIRECTOR 1.00 X 0 0 0 LORRAINE C SHEARON DIRECTOR 1.00 X 0 0 0 RICHARD F WARREN JR DIRECTOR (END 9/24) 1.00 X 0 0 0 DERRICK WILLIAMS DIRECTOR 1.00 X 0 0 0 MARSHALL CRAWFORD PRESIDENT/CEO 40.00 X 280797 0 17745 DAVID PARRISH CHIEF FINANCIAL OFFICER 40.00 X 183281 0 26923 ANGELA BELCHER EVP & COO 40.00 X 158215 0 35174 ALISHA HADDOCK END 524 VP- DIR OF CMMTY & ECON DEV 40.00 X 127153 0 2716 749446 0 82558 4 0 1 0 LBMC EMPLOYMENT PARTNER 201 FRANKLIN RD 200 BRENTWOOD TN 37027 LEASE EMPLOYEES SALARIES AND FRINGE BENE 2228676 1 227566 5093873 5321439 DEVELOPMENT LOANS INTE 525990 800102 800102 SERVICE FEES & MISC 525990 331042 331042 DOWNPAYMENT ASSISTANCE 525990 319628 319628 RENTAL INCOME 531120 123050 -6364 129414 FLOOD ASSISTANCE LOAN 525990 8861 8861 1582683 369252 369252 7273374 1453269 129414 369252 X 195997 195997 748383 748383 776718 385559 391159 965609 815349 150260 2456 2456 96252 74099 22153 110272 76369 33903 25263 24221 1042 50542 50542 30491 30491 54806 54806 173467 74369 99098 41494 17789 23705 94696 73078 21618 39880 17097 22783 799389 782522 16867 133037 101995 31042 26020 11155 14865 UBI TAX EXPENSE 19400 19400 FLOOD CONTRACT EXPENSE 2971479 2971479 CHANGE IN PROVISION FOR 605482 605482 MISCELLANEOUS 7271 3117 4154 2396 1862 534 7970800 6979922 990878 0 13067725 9736419 3226891 22158 22158 255873 148768 25351473 25901354 30842 40600 2342954 595756 1827744 1747198 1841384 1757542 6159531 6733284 48556730 49314214 860986 447609 949497 554482 1197440 1235366 23777395 22874057 697993 3627992 27483311 28739506 X 15952143 17071957 5121276 3502751 21073419 20574708 48556730 49314214 X -697426 198715 X X 0 1 X 1 1 1 X 1006603 3206020 4209693 8598842 5321439 22342597 1006603 3206020 4209693 8598842 5321439 22342597 11466152 10876445 13377 4500 25091 447882 369252 860102 14081 129414 143495 23346194 6081405 0.46590 0.34620 X PART II, LINE 10, COLUMN E THE AMOUNT ON LINE 10, COLUMN E IS THE PORTION OF LOSS FROM THE LAUREL HOUSE K-1 THAT IS NOT ALLOCATED TO UBI. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 425000 425000 1312731 116386 1196345 366111 339626 26485 239112 139744 99368 1747198 LAND AND IMPROVEMENTS FOR COMMUNITY LAND TRUST PROGRAM 736384 GLENN STREET RENTAL UNITS 105190 RIGHT OF USE ASSET 438994 PROPERTIES HELD FOR RESALE TO LOW-TO-MODERATE INCOME INDIVIDUALS 5452716 6733284 FLOOD CONTRACT PAYABLE 3188998 RIGHT OF USE LIABILITY 438994 3627992 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 HABITAT FOR HUMANITY 2950 KRAFT AVENUE SUITE 100 NASHVILLE TN 37204 581636286 501 (C)(3) 115997 0 BUILD NEW CONDO UNITS NASHVILLE HEALTH 3810 BRADFORD AVE S 200 NASHVILLE TN 37215 813063375 501 (C)(3) 5000 0 SYNERGIZING WELLNESS & PROSPERITY MEN OF VALOR 504 VALOR WAY ANTIOCH TN 37013 621836815 501 (C)(3) 5000 0 SUPPORT FORMERLY INCARCERATED MEN FIFTY FORWARD 174 RAINS AVENUE NASHVILLE TN 37203 620566419 501 (C)(3) 25000 0 BORDEAUX COLLABORATIVE CONTRIBUTION CONEXION AMERICAS 2195 NOLENSVILLE PIKE NASHVILLE TN 37211 621715618 501 (C)(3) 15000 0 CASA AZAFRAN THE INFINITY FELLOWSHIP INC 641 WEST NOCTURNE DRIVE NASHVILLE TN 37207 471828035 501 (C)(3) 10000 0 OPERATIONAL SUPPORT GIRL SCOUTS OF MIDDLE TENNESSEE 4522 GRANNY WHITE PIKE NASHVILLE TN 37204 620589380 501 (C)(3) 10000 0 OPERATIONAL SUPPORT LEADERSHIP TENNESSEE 718 THOMPSON LANE NASHVILLE TN 37204 872004805 501 (C)(3) 5000 0 OPERATIONAL SUPPORT CUPID CHASE - COMMUNITY OPTIONS INC 2815 PATRIOT WAY NASHVILLE TN 37214 222964056 501 (C)(3) 5000 0 OPERATIONAL SUPPORT 9 0 MORTGAGE, RENT, UTILITY ASSISTANCE 13 13323 MORTGAGE, RENT, UTILITY ASSISTANCE REHAB ASSITANCE TO INDIVIDUALS 3 23735 INCOME ASSISTANCE PROPERTY TAX ASSISTANCE 236 179208 PROPERTY TAX ASSISTANCE SUBSIDY TO SHARED EQUITY BORROWERS 29 518620 COST OF BLDG HOME ABOVE SALES PRICE TO SHARED EQUITY BORROWER TORNADO RELIEF 14 13497 PROVIDE INDIVIDUALS AND LOCAL CHARITIES ASSISTANCE FROM DEC TORNADO 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 199552 0 81245 0 0 0 0 0 17745 0 298542 0 0 0 DAVID PARRISH CHIEF FINANCIAL OFFICER 131569 0 51712 0 0 0 6812 0 20111 0 210204 0 0 0 ANGELA BELCHER EVP & COO 105792 0 52423 0 0 0 15275 0 19899 0 193389 0 0 0 DERRICK WILLIAMS EVP BOARD OF DIRECTORS OF THF AND FIRST HORIZON OFFICER 2500000 CDFI EQUITY INVESTMENT LOANS 0 MICHAEL FRAZEE SVP BOARD OF DIRECTORS OF THF AND PINNACLE BANK OFFICER 5325000 CDFI EQUITY INVESTMENT LOANS 0 FORM 990, PART V, LINE 2A THE ORGANIZATION USES LBMC AS THEIR PROFESSIONAL EMPLOYER ORGANIZATION (ALSO REPORTED ON PART VII, SECTION B) TO MAKE PAYMENTS TO THEIR EMPLOYEES, THEREFORE THE ORGANIZATION DID NOT FILE A W3 DIRECTLY WITH THE IRS. HOWEVER, THERE WERE 17 TOTAL EMPLOYEES PAID THROUGH THE PEO DURING 2024. 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. FORM 990, PART IX, LINES 5-10 THE HOUSING FUND USES LBMC AS THEIR PROFESSIONAL EMPLOYER ORGANIZATION TO MAKE PAYMENTS TO THEIR EMPLOYEES. PER IRS GUIDELINES AND 990 INSTRUCTIONS, THE EMPLOYEES ARE TREATED AS THOUGH THF PAID THE EMPLOYEE DIRECTLY FOR 990 PRESENTATION PURPOSES ON PART IX LINES 5-10. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR IMPACT OF ADOPTING ASC 326 198,715. PART XII, LINE 2C: THE PROCESS IS UNCHANGED FROM THE 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 -83842 4990497 0 -6939 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 2297993 FMV-CASH LAUREL HOUSE 2001 K 56822 RENT OF OFFICE SPACE