KNOX HOUSING PARTNERSHIP INC

EIN: 621465760 501(c)(3) Housing & Shelter

KNOXVILLE, TN

Total Revenue
$4,062,398
Total Expenses
$4,366,279
Total Assets
$23,807,056
Net Assets
$9,032,353
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TN
Principal Officer
JACKIE MAYO
Phone
8656371679
Tax Period
2024-01-01 to 2024-12-31

KNOX HOUSING PARTNERSHIP INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $9.0M represent 27 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN EAST TENNESSEE THROUGH FIRST-TIME HOMEBUYER EDUCATION; ASSIST WITH MORTGAGE LOANS, DOWNPAYMENTS, AND CLOSING COSTS; BUILD NEW SINGLE FAMILY HOUSING; DEVELOP MULTI-FAMILY HOUSING; AND OFFER FORECLOSURE COUNSELING.

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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 $1,205,827
Program Service Revenue $2,884,680
Investment Income $-74,439
Other Revenue $46,330
TOTAL REVENUE $4,062,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,242,470
Fundraising Expenses $0
Program Expenses $3,667,626
Other Expenses $3,123,809
TOTAL EXPENSES $4,366,279

Year-over-Year Comparison

2024 2023 Change
Revenue $4,062,398 $4,325,407 -0.1%
Expenses $4,366,279 $4,194,117 +0.0%
Net Income $-303,881 $131,290 -3.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
28
Volunteers
80

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
$112,711
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRINA J GALLMAN BOARD MEMBER 0.50
Director
$0 $0 $0
DEREK COATS BOARD MEMBER 0.50
Director
$0 $0 $0
AVIS B ANDREWS-GARY VICE CHAIR 0.50
Officer Director
$0 $0 $0
HERC LIGDIS BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL J MCNAIR BOARD MEMBER 0.50
Director
$0 $0 $0
JOSHALYN HUNDLEY CHAIR 0.50
Officer Director
$0 $0 $0
PAIGE TRAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
BRAD RICHMOND BOARD MEMBER 0.50
Director
$0 $0 $0
HANCEN SALE SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
JUNISHA GARRETT BOARD MEMBER 0.50
Director
$0 $0 $0
KEELY RITCHIE BOARD MEMBER 0.50
Director
$0 $0 $0
KIMBERLY R HILL BOARD MEMBER 0.50
Director
$0 $0 $0
JACKIE MAYO PRESIDENT & CEO 40.00
Officer
$100,855 $11,856 $112,711
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 $4,062,398 $4,366,279 $23,807,056 $-303,881
2023 $4,325,407 $4,194,117 $24,049,465 $131,290
2022 $3,923,430 $3,797,670 $25,423,678 $125,760
2021 $3,685,440 $3,335,748 $24,560,684 $349,692
2020 $4,369,180 $3,720,725 $24,030,441 $648,455
2019 $3,434,649 $3,229,989 $22,092,788 $204,660
2018 $2,991,060 $2,537,514 $21,429,250 $453,546
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