TENNESSEE COMMUNITY ASSISTANCE CORPORATION

EIN: 621796161 501(c)(3) Community Improvement

MORRISTOWN, TN

Total Revenue
$3,124,496
Total Expenses
$3,002,854
Total Assets
$2,921,283
Net Assets
$2,088,068
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TN
Principal Officer
KRYSTAL GIBBONS
Phone
4235867636
Tax Period
2024-07-01 to 2025-06-30

TENNESSEE COMMUNITY ASSISTANCE CORPORATION, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $3.0M left a modest 4% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE ECONOMIC DEVELOPMENT AND CONDUCT ACTIVITIES IN LOW-INCOME COMMUNITIES OF TENNESSEE, PARTICULARLY PUBLIC ASSISTED HOUSING RESIDENTS, IN ORDER TO ASSIST THE RESIDENTS IN BECOMING SELF-SUFFICIENT AND PROVIDE NECESSARY SERVICES TO THOSE FAMILIES AND INDIVIDUALS THAT WILL IMPROVE THEIR QUALITY OF LIFE.

Program Service Accomplishments

Program 1
Expenses: $1,079,116 Revenue: $1,217,150

THE HOME PROGRAM IS A COMPETITIVELY-FUNDED PROGRAM BY HUD AND ADMINISTERED WITHIN TENNESSEE BY THE TENNESSEE HOUSING DEVELOPMENT AGENCY. ELIGIBLE HOMEOWNERS TO RECEIVE REPAIRS/NEW HOMES MUST BE LOW...

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THE HOME PROGRAM IS A COMPETITIVELY-FUNDED PROGRAM BY HUD AND ADMINISTERED WITHIN TENNESSEE BY THE TENNESSEE HOUSING DEVELOPMENT AGENCY. ELIGIBLE HOMEOWNERS TO RECEIVE REPAIRS/NEW HOMES MUST BE LOW INCOME HOUSEHOLDS, THE HOME MUST BE THEIR PRIMARY RESIDENCE, AND OWN THEIR PROPERTY. THE WORK IS PERFORMED BY LICENSED CONTRACTORS AND HOMEOWNERS RECEIVE A 5-15 YEAR FORGIVABLE GRANT NOTE AS LONG AS THEY REMAIN IN THEIR HOME DURING THE TERM. IT ALSO PROVIDES AN AVENUE FOR LOW-INCOME INDIVIDUALS TO QUALIFY FOR A HOME MORTGAGE IN ORDER TO PURCHASE A NEW HOME.

Program 2
Expenses: $320,377 Revenue: $202,139

TCAC DEPOT HELPS TCAC PARTNERS, OTHER NON-PROFITS, AND CHURCHES THROUGHOUT TENNESSEE PROVIDE PRODUCTS AND INCENTIVES THAT FURTHER THE INDIVIDUAL AGENCY'S MISSION. TCAC DEPOT REDISTRIBUTES NEW...

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TCAC DEPOT HELPS TCAC PARTNERS, OTHER NON-PROFITS, AND CHURCHES THROUGHOUT TENNESSEE PROVIDE PRODUCTS AND INCENTIVES THAT FURTHER THE INDIVIDUAL AGENCY'S MISSION. TCAC DEPOT REDISTRIBUTES NEW PRODUCTS THAT ASSIST PARTNERING AGENCIES IN STRETCHING THEIR SERVICE DOLLARS WHILE PROVIDING MATERIALS AND SUPPLIES TO TENNESSEANS MOST IN NEED, TCAC DEPOT CURRENTLY HAS 100 PARTNERING AGENCIES AND 13 DISTRIBUTION PARTNERS.

Program 3
Expenses: $1,537,276 Revenue: $216,882

TCAC COMMUNITY CARES AMERICORPS PROGRAM SERVES THE VERY FRAIL, ELDERLY AND CHALLENGED RESIDENTS OF TENNESSEE SO THEY CAN REMAIN LIVING INDEPENDENTLY WITH AN IMPROVED QUALITY OF LIFE. THIRTY FIVE...

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TCAC COMMUNITY CARES AMERICORPS PROGRAM SERVES THE VERY FRAIL, ELDERLY AND CHALLENGED RESIDENTS OF TENNESSEE SO THEY CAN REMAIN LIVING INDEPENDENTLY WITH AN IMPROVED QUALITY OF LIFE. THIRTY FIVE AMERICORPS MEMBERS NOT ONLY PROVIDE ASSISTANCE WITH DAILY TASKS, BUT MORE IMPORTANTLY THEY HELP REISDENTS MAINTAIN THEIR DIGNITY AND CONFIDENCE. THE SERVICES ARE PROVIDED WITH NO COST TO THE RESIDENTS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,574,352
Program Service Revenue $1,516,397
Investment Income $33,747
Other Revenue $0
TOTAL REVENUE $3,124,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $993,610
Fundraising Expenses $0
Program Expenses $2,936,769
Other Expenses $2,009,244
TOTAL EXPENSES $3,002,854

Year-over-Year Comparison

2024 2023 Change
Revenue $3,124,496 $3,751,440 -0.2%
Expenses $3,002,854 $3,661,516 -0.2%
Net Income $121,642 $89,924 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
13
Volunteers
22

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
1
$75,538
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRYSTAL GIBBONS EXEC DIRECTO 40.00
Officer
$75,538 $0 $75,538
EMILY CHASE BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY CUNNINGHAM VICE CHAIRMA 1.00
Director
$0 $0 $0
STEPHANIE HOLMES BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE MAYO SECRETARY 1.00
Director
$0 $0 $0
TEOKA PRICE BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA BROOKS TAYLOR CHAIRMAN 1.00
Director
$0 $0 $0
KATHY VANLANDINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE WILLS TREASURER 1.00
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 $3,124,496 $3,002,854 $2,921,283 $121,642
2024 $3,751,440 $3,661,516 $2,621,099 $89,924
2023 $2,985,822 $2,835,931 $2,930,682 $149,891
2022 $1,003,336 $1,130,255 $2,336,308 $-126,919
2021 $406,804 $430,057 $2,086,850 $-23,253
2020 $1,104,215 $1,143,273 $2,100,681 $-39,058
2019 $1,080,862 $1,278,905 $1,973,318 $-198,043
2018 $1,411,780 $1,443,786 $2,010,288 $-32,006
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