EAST TENNESSEE HOUSING DEVELOPMENT CORPORATION

EIN: 621544702 501(c)(3) Housing & Shelter

KNOXVILLE, TN

Total Revenue
$1,319,227
Total Expenses
$1,204,956
Total Assets
$1,512,170
Net Assets
$790,059
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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
1991
Legal Domicile
TN
Principal Officer
TODD KENNEDY
Phone
8653124612
Tax Period
2024-07-01 to 2025-06-30

EAST TENNESSEE HOUSING DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 9% surplus.

Mission

COMMUNITY HOUSING DEVELOPMENT CORPORATION PROVIDING QUALITY, ENERGY EFFICIENT HOMES FOR LOW-INCOME RESIDENTS. COSTS ARE SUBSIDIZED BY HUD AS PART OF THE HOME INVESTMENT PARTNERSHIPS PROGRAM.

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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 $399,370
Program Service Revenue $895,000
Investment Income $6,307
Other Revenue $18,550
TOTAL REVENUE $1,319,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,282
Fundraising Expenses $0
Program Expenses $1,178,009
Other Expenses $937,674
TOTAL EXPENSES $1,204,956

Year-over-Year Comparison

2024 2023 Change
Revenue $1,319,227 $1,734,660 -0.2%
Expenses $1,204,956 $1,689,522 -0.3%
Net Income $114,271 $45,138 +1.5%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV JOSEPH SMITH CHAIRMAN 2.00
Officer Director
$0 $0 $0
JENEANE STOMM VICE-CHAIR 2.00
Officer Director
$0 $0 $0
KRISTIE BLEVINS TREASURER 2.00
Officer Director
$0 $0 $0
STEVE RITTER SECRETARY 0.50
Officer Director
$0 $0 $0
FRANK SPARKMAN MEMBER 0.50
Director
$0 $0 $0
CAROL WALDO MEMBER 0.50
Director
$0 $0 $0
LYNN CLEMONS MEMBER 0.50
Director
$0 $0 $0
REV STEVE SIMPSON MEMBER 0.50
Director
$0 $0 $0
JENNIFER BELL MEMBER 0.50
Director
$0 $0 $0
TERONDA YOUNG MEMBER 0.50
Director
$0 $0 $0
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
2025 $1,319,227 $1,204,956 $1,512,170 $114,271
2024 $1,734,660 $1,689,522 $1,080,503 $45,138
2023 $995,790 $907,254 $1,173,893 $88,536
2022 $1,065,766 $1,076,072 $1,124,857 $-10,306
2021 $905,990 $816,669 $1,277,710 $89,321
2020 $1,593,610 $1,368,251 $857,825 $225,359
2019 $977,786 $966,112 $826,739 $11,674
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