Nonprofit · EIN 99-2815884
NASHVILLE CATALYST FUND
Tax-exempt · NASHVILLE, TN 37215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,955,932 | $497,722 | $19,458,210 | $19,545,063 | $54,333 | $19,490,730 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,502,000
- Program service revenue
- $0
- Investment income
- $453,932
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $189,952
- Accounting fees
- $26,000
- Program services (functional)
- $245,598
- Management and general (functional)
- $252,124
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $19,545,063
- Total liabilities, end of year
- $54,333
- Net assets, end of year
- $19,490,730
- Net assets without donor restrictions
- $19,490,730
- Gross receipts
- $19,955,932
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2024
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HAL CATO | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $263,822 | $7,875 |
| JAMES MUNCH | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $201,306 | $7,000 |
| JIM GINGRICH | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| HANNAH DAVIS | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| ROBERT CH BERT MATTHEWS III | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3421 BELMONT BLVD, NASHVILLE, TN 37215-1605
- In care of
- % JIM GINGRICH
- Principal officer (990 for 2024)
- HAL CATO, 3421 BELMONT BOULEVARD, NASHVILLE, TN 372151605
- Signed the 990
- HAL CATO, CEO
- Phone
- (615) 321-4939
- Website
- WWW.NASHVILLECATALYST.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE NASHVILLE CATALYST FUND (THE "FUND") IS A TENNESSEE NON-PROFIT PUBLIC BENEFIT CORPORATION THAT OFFERS FLEXIBLE FINANCING FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING WITHIN NASHVILLE AND DAVIDSON COUNTY. THE FUND ENABLES MISSION-MOTIVATED DEVELOPERS TO BE MORE COMPETITIVE IN THE RACE TO PRESERVE EXISTING REGULATED AND UNREGULATED AFFORDABLE HOUSING AND ACCELERATES THE CREATION OF HIGH-IMPACT AFFORDABLE HOUSING.THE FUND IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE ("CFMT"), A TENNESSEE NON-PROFIT CORPORATION.
Program accomplishments
- BY BLENDING CAPITAL FROM A RANGE OF SOURCES, THE FUND PROVIDES EARLY-STAGE CAPITAL TO MISSION-DRIVEN DEVELOPERS TO SUPPORT THE PRESERVATION AND CREATION OF AFFORDABLE HOUSING SUPPLY IN NASHVILLE.THE CATALYST FUND IS A NEW TOOL THAT RESPONDS TO THE SPECIFIC CONDITIONS FACED BY AFFORDABLE HOUSING DEVELOPERS TRYING TO INCREASE AFFORDABLE HOUSING PRODUCTION IN NASHVILLE. LOAN PRODUCTS ARE TAILORED TO THE NASHVILLE MARKET AND ARE DESIGNED TO SUPPORT THE PRESERVATION AND CONSTRUCTION OF AFFORDABLE HOUSING.MISSION-DRIVEN DEVELOPERS THAT ARE BEING OUTCOMPETED IN THE RACE TO PRESERVE OLDER AFFORDABLE HOUSING BUILDINGS AND ACQUIRE LAND FOR AFFORDABLE HOUSING DEVELOPMENT WILL BE ABLE TO EXECUTE A QUICK ACQUISITION AT TERMS THAT MAKES THE PROJECT FINANCIALLY FEASIBLE VIA THE FUND'S ACQUISITION LOAN PRODUCT.THE FUND PROVIDES LOAN PRODUCTS THAT ARE NOT AVAILABLE ELSEWHERE IN THE MARKET THAT CAN PRESERVE THE AFFORDABILITY OF HOUSING IN AN INCREASINGLY COMPETITIVE MARKET. FIRST LOSS CAPITAL FROM METRO ENABLES THE CATALYST FUND TO TAKE EARLY-STAGE RISKS THAT OTHER LENDERS CANNOT, ACCELERATING THE TIMELINE FOR PRESERVATION AND CREATION OF AFFORDABLE HOUSING. IN ADDITION, THE FUND'S BRIDGE LOAN PRODUCT ALLOWS MISSION-MOTIVATED DEVELOPERS TO JUMPSTART THEIR PROJECTS WITHOUT WAITING TO RECEIVE PUBLIC SUBSIDY OR GRANT PROCEEDS.LOAN PRODUCTS ARE SPECIFICALLY DESIGNED TO INCLUDE AND SUPPORT NON-PROFIT AND EMERGING BIPOC DEVELOPERS WITHIN THE AFFORDABLE HOUSING SECTOR. THE FUND IS A NEW SOURCE FOR PREDEVELOPMENT LOANS THAT TARGET HIGH-IMPACT PROJECTS LED BY EMERGING DEVELOPERS.Expenses $245,598
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-2815884
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $19,545,063
- Income (IRS master file)
- $19,955,932
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,955,932 | $497,722 | $19,545,063 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-2815884).
Questions about NASHVILLE CATALYST FUND
- What is the EIN of NASHVILLE CATALYST FUND?
- The employer identification number (EIN) of NASHVILLE CATALYST FUND is 99-2815884.
- Is NASHVILLE CATALYST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to NASHVILLE CATALYST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NASHVILLE CATALYST FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NASHVILLE CATALYST FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NASHVILLE CATALYST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NASHVILLE CATALYST FUND?
- The 990 for the year ended December 31, 2024 names HAL CATO.
- Who are the officers and directors of NASHVILLE CATALYST FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does NASHVILLE CATALYST FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,955,932, expenses of $497,722 and total assets of $19,545,063 at year end.
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All nonprofits in NASHVILLE · Tennessee · Housing and shelter