MADISON, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE HOUSING FUND, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $7.3M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $20.6M represent 34 months of operating reserves.
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.
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...
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,273,374 | $10,564,723 | -0.3% |
| Expenses | $7,970,800 | $4,174,620 | +0.9% |
| Net Income | $-697,426 | $6,390,103 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIM HOLLINGSHEAD | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIGUEL VEGA | BOARD VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALBERTO D ARECHIGA | BOARD SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TERA BLOECHER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RODRICK L BUTLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON CRUTCHER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA CURTIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA LEVEEN FARR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL FRAZEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS LESKY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILIP MCCUTCHAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH MILES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORRAINE C SHEARON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD F WARREN JR | DIRECTOR (END 9/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| DERRICK WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARSHALL CRAWFORD | PRESIDENT/CEO | 40.00 |
Officer
|
$280,797 | $17,745 | $298,542 |
| DAVID PARRISH | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$183,281 | $26,923 | $210,204 |
| ANGELA BELCHER | EVP & COO | 40.00 |
Officer
|
$158,215 | $35,174 | $193,389 |
| ALISHA HADDOCK END 524 | VP- DIR OF CMMTY & ECON DEV | 40.00 |
Highest
|
$127,153 | $2,716 | $129,869 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,273,374 | $7,970,800 | $49,314,214 | $-697,426 |
| 2023 | $10,564,723 | $4,174,620 | $48,556,730 | $6,390,103 |
| 2022 | $5,575,693 | $4,871,856 | $39,854,411 | $703,837 |
| 2021 | $4,289,881 | $3,064,292 | $34,436,307 | $1,225,589 |
| 2020 | $1,868,716 | $1,705,444 | $29,942,007 | $163,272 |
| 2019 | $1,824,296 | $1,402,230 | $26,807,370 | $422,066 |
| 2018 | $953,263 | $1,542,915 | $21,871,361 | $-589,652 |
Compare THE HOUSING FUND with other nonprofits in Tennessee and across the country.