THE HOUSING FUND INC

NASHVILLE, TN | Davidson County
Affordable Housing

Overview

THE HOUSING FUND INC
62-1632388
305 11TH AVE S
NASHVILLE, TN 37203
Davidson County
(615) 780-7000

mail@thehousingfund.org
Mission Statement info

THE HOUSING FUND PROVIDES RESOURCES AND CREATIVE LEADERSHIP TO HELP INDIVIDUALS AND COMMUNITIES CREATE AND MAINTAIN AFFORDABLE AND HEALTHY PLACES IN WHICH LOW AND MODERATE INCOME PEOPLE LIVE.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • LIHTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
994
Uncoded
381
Low and moderate income housing
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services
Targeted Clients info
  • Economically Disadvantaged
  • Families
  • First-Time Homebuyers
  • General Public
  • People Needing Credit Counseling
  • Rural Residents
  • Small Businesses
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $1,347,000 CDFI Financial Assistance open_in_new The Housing Fund, Inc.
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new The Housing Fund, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
LAUREL HOUSE APT

 
Nashville, TN
Amount info
$287,963
Project Year info
2003
Allocation Year info
2001
Total Units info
48
Low-Income Units info
48
Currently Monitored info
Not reported
Construction Type info
New Construction
Property Characteristics info
  • Qualified Census Tract
  • Nonprofit Sponsor
Special Programs & Financing info
  • None reported
Targeted Population info
  • Families

IRS Summary

Income
$5.6M
Revenue
$5.6M
Assets
$39.9M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1996-06
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Central Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-09
Tax period ending in
2021-09
Tax period ending in
2020-09
Tax period ending in
2019-09
Tax period ending in
2018-09
Tax period ending in
2017-09
Tax period ending in
2016-09

Nonprofit Location

Physical Address info
305 11TH AVE S
NASHVILLE, TN 37203
Davidson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
34980
MSA/MD info
47
State info
037
County info
0195.02
Tract info
Upper
Income Level info
Core-Based Statistical Area info
34980 - Nashville-Davidson--Murfreesboro--Franklin, TN
Combined Statistical Area info
400 - Nashville-Davidson--Murfreesboro, TN
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 21.70%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0195.02 Davidson County
Population
Total Population 3,732 708,490
Total Households 2,192 293,859
Income
Median Family Income (Census*) $101,935 $66,047
Median Family Income (2023 FFIEC est.) $100,500 $95,600
Tract Income Percentage 122.68% N/A
Below Poverty Level 14.9% 14.3%
Unemployment Level 6.0% 4.8%
Housing
Total Housing Units 3,273 324,727
Total Owner-Occupied Units 16.1% 54.6%
Total Renter-Occupied Units 50.8% 45.4%
Total Vacant Units 33.0% 8.9%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

16
Total Voting Members
in Governing Body
info
13
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Marshall E Crawford Jr
(615) 780-7000
Principal Officer info
Marshall E Crawford Jr
findCRA Profile Owner
Candice Winburn
Senior Loan Officer
candice@thehousingfund.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-09.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.