TENNESSEE HOUSING DEVELOPMENT CORPORATION (EIN 742891327) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

MARK REID

Phone

7314221671

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE HOUSING DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $834K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $686K, a strong 82% operating margin.

Mission

TENNESSEE HOUSING DEVELOPMENT CORPORATION SEEKS RESOURCES TO CONTINUE TO DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME CITIZENS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $302,292

Investment Income $331,762

Other Revenue $0

TOTAL REVENUE $834,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,024

Other Expenses $148,054

TOTAL EXPENSES $148,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,054	$517,572	+0.6%
Expenses	$148,054	$33,399	+3.4%
Net Income	$686,000	$484,173	+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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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

Governance

Voting Members

Independent Members

Employees

N/A

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

$151,146

Total Directors

$151,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO ALRED	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VERONICA LOVE	MEMBER	1.00	Director	$0	$0	$0
MARK REID	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$151,146

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	$834,054	$148,054	$10,605,820	$686,000
2023	$517,572	$33,399	$9,762,035	$484,173
2022	$2,108,680	$146,763	$9,291,934	$1,961,917
2021	$19,704	$34,965	$6,884,883	$-15,261
2020	$19,567	$136,517	$6,881,199	$-116,950
2019	$9,434	$487,603	$6,998,149	$-478,169
2018	$19,305	$84,263	$2,994,719	$-64,958

TENNESSEE HOUSING DEVELOPMENT CORPORATION