THE HOUSING FOUNDATION OF WEST TENNESSEE INC

EIN: 453066454 501(c)(3) Housing & Shelter

MEMPHIS, TN

Total Revenue
$917,750
Total Expenses
$518,483
Total Assets
$7,685,524
Net Assets
$5,662,104
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TN
Principal Officer
EARLE SCHWARZ
Phone
9012720607
Tax Period
2024-01-01 to 2024-12-31

THE HOUSING FOUNDATION OF WEST TENNESSEE INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $918K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 44% operating margin.

Mission

INTUNITY IS ESTABLISHED AS AN INDEPENDENT,AUTONOMOUS ENTITY WHOSE MISSION IS TO ACQUIRE, ADAPT, MAINTAIN AND LEASE SAFE, ACCESSIBLE AND AFFORDABLE HOUSING FOR ELIGIBLE PERSONS WITH INTELLECTUAL DISABILITIES RESIDING IN WEST TENNESSEE.

Program Service Accomplishments

Program 1
Expenses: $434,584 Revenue: $340,628

INTUNITY IS ESTABLISHED AS AN INDEPENDENT,AUTONOMOUS ENTITY WHOSE MISSION IS TO ACQUIRE, ADAPT, MAINTAIN AND LEASE SAFE, ACCESSIBLE AND AFFORDABLE HOUSING FOR ELIGIBLE PERSONS WITH INTELLECTUAL...

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INTUNITY IS ESTABLISHED AS AN INDEPENDENT,AUTONOMOUS ENTITY WHOSE MISSION IS TO ACQUIRE, ADAPT, MAINTAIN AND LEASE SAFE, ACCESSIBLE AND AFFORDABLE HOUSING FOR ELIGIBLE PERSONS WITH INTELLECTUAL DISABILITIES RESIDING IN WEST TENNESSEE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $395,114
Program Service Revenue $0
Investment Income $182,008
Other Revenue $340,628
TOTAL REVENUE $917,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,250
Fundraising Expenses $0
Program Expenses $434,584
Other Expenses $426,233
TOTAL EXPENSES $518,483

Year-over-Year Comparison

2024 2023 Change
Revenue $917,750 $685,175 +0.3%
Expenses $518,483 $430,404 +0.2%
Net Income $399,267 $254,771 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$92,250
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA ROBINSON CHAIRPERSON 1.00
Officer Director
$0 $0 $0
VICKEY COLEMAN PH D SECRETARY 1.00
Officer Director
$0 $0 $0
GARY PROSTERMAN TREASURER 1.00
Officer Director
$0 $0 $0
SANDRA CARTER MEMBER 1.00
Director
$0 $0 $0
BARBARA L DEANS ATTY MEMBER 1.00
Director
$0 $0 $0
LEONARD GOODMAN MEMBER 1.00
Director
$0 $0 $0
RICARDO HEROS MEMBER 1.00
Director
$0 $0 $0
STACHIA CUTCHIN MEMBER 1.00
Director
$0 $0 $0
STEPHEN MAURY MEMBER 1.00
Director
$0 $0 $0
DEBRA PAYNE MEMBER 1.00
Director
$0 $0 $0
DANNY SCHAFFZIN MEMBER 1.00
Director
$0 $0 $0
EARLE SCHWARZ ATTY EXECUTIVE DIRECTOR 30.00
Officer
$92,250 $0 $92,250
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $917,750 $518,483 $7,685,524 $399,267
2023 $685,175 $430,404 $6,867,424 $254,771
2022 $556,790 $417,956 $6,495,637 $138,834
2022 $556,790 $417,956 $6,495,637 $138,834
2021 $561,930 $359,164 $6,934,189 $202,766
2020 $405,986 $301,164 $6,600,562 $104,822
2019 $352,242 $270,618 $6,113,808 $81,624
2018 $302,135 $347,494 $5,876,675 $-45,359
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